Loan for Insurance – Pay Your Premiums Without Worry
Get an Instant Loan to Pay the Premium
Very Less Documents Needed
Quick Approval and Fast Money Transfer
Easy EMI Plans to Repay
Why Take a Loan for Insurance from Kreditbazar?
We make it easy, fast, and stress-free to get a loan for insurance.
Best Loan Offers from Trusted Partners
We have tie-ups with India’s leading banks and NBFCs to bring you exclusive and low-interest loan offers. These loans are specially designed for insurance premium payments, so you get the right amount without overpaying.
Quick Approval & Fast Disbursal
Need to pay your insurance premium urgently? No worries! We ensure quick loan approvals, and in most cases, the loan amount is credited to your bank account within 24–48 hours. You’ll never miss a premium deadline again.
Very Less Documents Required
No long forms or complicated paperwork. You only need basic documents like Aadhaar, PAN, income proof, and your insurance premium slip. That’s it — apply from home and get started in minutes.
Loans That Match Your Premium
Whether your insurance premium is ₹5,000 or ₹50,000, we help you get a loan that matches your exact requirement. No extra burden, just the right amount needed for your policy.
Simple EMIs That Fit Your Budget
You can choose EMI plans as per your comfort — 3 months, 6 months, or even more. This helps you manage your premium payments without disturbing your monthly budget.
No Hidden Charges, Full Transparency
We believe in honesty. All charges — like processing fees or interest rates — are clearly explained before you take the loan. No hidden surprises.
Are There Any Charges on your loan for Insurance?
Yes, there may be a small processing fee and interest, but don’t worry – everything will be clearly explained to you before you take the loan. No surprises!
| Fee Type | Amount |
|---|---|
| Rate Of Interest | Starting from 16% p.a. on a reduced balance basis |
| Processing Fee | Starting from 2% of the loan amount plus GST |
| Tenure | 3 to 36 months |
| APR | Starting from 18% |
| Bounce Charge | ₹500 plus GST |
| Late Payment Charges | ₹500 plus GST or 3% of the total loan amount, whichever is higher as per the overdue amount |
| Stamp Duty | 0.1% of the loan amount |
| Mandate Rejection Charges | ₹250 plus GST |
| Pre-Clouser Charges | Nil |
Know Loan Criteria, Apply Confidently!
Quick and Simple Requirements to Avail a Personal Loan through Kreditbazar
NBFC Loan Criteria for Salaried
Eligibility Criteria -
Age Range: 21 to 55 years
Monthly Income: ₹15,000 & above (Reflected in bank statement)
Job Duration: Min. 1 year
Nationality: Indian
Documents Required -
Identity Proof : Passport / Aadhaar card / PAN card / Driver's license
Selfie : A clear picture of yours with proper lighting
Address Proof : Passport / Rent agreement / Utility bills / Voter’s ID
Proof of Income : Bank statements / Salary slips (3 months) / Form 16
NBFC Loan Criteria for Self-Employed
Eligibility Criteria -
Age Range: 21 to 55 years
Monthly Income: ₹15,000 & above (Reflected in bank statement)
Business Duration: Min. 1 year
Nationality: Indian
Documents Required -
Identity Proof : Passport / Aadhaar card / PAN card / Driver's license
Selfie : A clear picture of yours with proper lighting
Address Proof : Passport / Rent agreement / Utility bills / Voter’s ID
Proof of Income : Bank statements / Minimum 3 Year IT Return
Choose a Loan As Per Your Needs
Looking for the right plan? Find the best Loan option based on your budget and needs. Apply easily using an Aadhaar Card and pay in flexible EMIs.
Travel
Education
Emergency
Shopping
Wedding
Low Salary
Maternity
Gifting
Home Renovation
FAQs about a Loan for Insurance
Find answers to common queries about loans for Insurance, including eligibility, application process, fees, and more.
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What is a loan for insurance?
A loan for insurance is a type of personal loan that helps you pay your insurance premiums—be it health, life, or vehicle insurance—on time. Instead of paying a large amount in one go, you can take a loan and pay it back in small EMIs.
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Why should I take a loan for insurance?
If your premium is high and you’re unable to pay it all at once, a loan for insurance helps you stay covered without breaking your savings. It gives you peace of mind while keeping your insurance active.
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Who can apply for a loan for insurance?
Any salaried or self-employed Indian citizen who meets the basic income and credit score requirements can apply for this loan. You must also have an existing insurance policy or premium slip.
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What types of insurance can I get a loan for?
You can get a loan for various types of insurance, such as life insurance, term insurance, health insurance, car insurance, and even business or property insurance.
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How much loan amount can I get for paying my insurance?
The loan amount depends on your premium size and your eligibility. Usually, you can get a loan starting from ₹10,000 and going up to ₹5 lakhs or more, depending on your income and credit score.
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What is the interest rate for a loan for insurance?
Interest rates vary depending on your profile and lender but usually start from 10% and can go up to 24% per annum. Kreditbazar helps you find the most affordable rate from top lending partners.
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Is there any processing fee?
Yes, some lenders may charge a small processing fee, usually between 1% to 2% of the loan amount. But all fees are mentioned before you apply—no hidden charges.
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How fast can I get the loan amount?
With Kreditbazar, your loan can get approved within a few hours, and the amount is often disbursed within 24 to 48 hours. So you never miss your insurance premium deadline.
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What documents are needed for a loan for insurance?
You’ll need basic documents like your Aadhaar card, PAN card, income proof (salary slips or bank statements), and your insurance premium bill or policy document.
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Can I apply for this loan online?
Yes! The entire process is 100% online. Just upload your documents, fill in a short form, and get your loan approved without stepping out of your home.
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Will taking a loan for insurance affect my credit score?
If you repay your EMIs on time, it will improve your credit score. But missing payments can have a negative impact. So always plan your EMIs smartly.
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Can I prepay my loan for insurance?
Yes, most lenders allow you to prepay your loan before the tenure ends. Some may charge a small prepayment fee, while others don’t—this depends on the lender.
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Is a loan for insurance safe?
Yes, it is completely safe as long as you borrow from trusted lenders. Kreditbazar only works with RBI-approved NBFCs and banks to ensure your safety and transparency.
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Can I get a loan for insurance with a low CIBIL score?
It might be a little difficult, but not impossible. Some lenders offer loans to people with lower CIBIL scores at slightly higher interest rates. Having a stable income helps.
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What happens if I miss an EMI payment?
Missing an EMI can lead to late fees and negatively affect your credit score. It’s best to set up auto-debit or reminders to stay on track with payments.
