5 proven tips to get instant personal loan approval without delay | Mint

We live in an era where financial awareness, flexibility and agility are of paramount importance. Proper knowledge helps in securing a personal loan in a smooth manner.

There are several unconventional methods that can be utilised to expedite the process of loan disbursement instead of the usual conventional ones such as applying with a good credit score, maintaining a stable income proof, opting for a short term loan tenure among other ways.

Discussed below are five innovative unconventional hacks that can be deployed by borrowers seeking clearance and approval of personal loans in a smooth and seamless manner:

Hack 1: Leverage pre-approved offers

Several financial institutions and banks provide pre approved loan offers often to existing customers based on their repayment history and account activity.

That is why, it is prudent to always check your bank’s online portal or mobile application for such special offers and opportunities. Such opportunities generally require minimal documentation and offer fast disbursal of funds.

Hack 2: Opt for digital lending platforms

Digital lenders and fintech platforms utilise advanced algorithms to analyse and understand the creditworthiness of an individual, often resulting in seamless and quick approvals compared to traditional banks.

Not only this, there are several platforms that further facilitate the lending process by allowing borrowers to compare multiple loan offers, submit applications online and get approval of loans in a seamless manner.

Hack 3: Maintain a healthy credit mix

A properly planned and balanced credit mix of secured loans such as home loans along with unsecured loans such as personal loans in your credit profile can positively influence your credit score. Lenders see a diverse credit portfolio as a clear indication of responsible credit behaviour. That is why it can boost your loan application in a positive way and leave a good impression on your lender.

Hack 4: Utilise employer and bank tie ups

Several organisations have relations and tie ups with banks for special loan schemes, rebates and offers for their employees. Such relations between banks and business houses often come with benefits such as lower interest rates, higher loan range for employees, relaxation in eligibility criteria and seamless processing times. In your case, on an individual basis, you can discuss this issue with your employer and check if there are any such avenues available.

Hack 5: Make loan applications during festive seasons

During festive seasons such as Holi, Diwali, Eid among others, several leading banks and financial institutions often roll out special loan offers for aspirational borrowers. These offers provide easier terms, conditions, interest rates and smoother processing time. That is why timing your loan applications during such periods can boost your chances of instant approval.

Latest personal loan interest rates June 2025

As of June 2025, reputable banks and financial institutions offer diverse interest rates on personal loans for borrowers looking to secure funds. Here is a quick guide of the same that will assist you in selecting the most suitable lender for your financial goals and long term objectives:

Note: Interest rates discussed above are illustrative in nature and are subject to vary based on the applicant’s profile, credit scores, past payment history along with other factors. Refer to the official website of the respective lender for more details.

Therefore it is clear that traditional methods definitely lay the foundation for loan approvals along with the same, integrating these hacks can significantly boost the chances of securing a personal loan on reasonable terms for a borrower.

Hence, always focus on leveraging the available resources and staying updated with recent financial developments in the country, as it is paramount for you to meet your long term financial objectives.

Disclaimer: Mint has a tie-up with fintechs for providing credit; you will need to share your information if you apply. These tie-ups do not influence our editorial content. This article only intends to educate and spread awareness about credit needs like loans, credit cards and credit scores. Mint does not promote or encourage taking credit, as it comes with a set of risks such as high interest rates, hidden charges, etc. We advise investors to discuss with certified experts before taking any credit.