In the recent Covid-19 pandemic, numerous financial institutions and NBFCs observed the need for small cash loans. Thus, multiple small cash loan apps came into being for instant sanction and disbursal from mobile phones, better known as smartphones where loan apps can be easily downloaded.
Instant small cash loan apps are user-friendly and can be quickly installed via Google Play Store. These loan apps available on the play store work swiftly in terms of loan approval within seconds.
An instant small cash loan can be availed by salaried and self-employed individuals with a minimum income of at least Rs.15,000 per month. The loan amount provided starts as low as Rs.20,000 to Rs.2 lakhs, varies as per the lenders.
With the advancement of technology, smart mobile phones are readily available in the market. It is handy, and in just a few clicks, you can apply for an instant small cash loan from your android phone.
Unlike traditional visits, getting an instant cash loan does not require any physical presence and is a 100 % online method.
Applying for an instant small cash loan through mobile is very simple and fast. So, when it’s an immediate financial need, trust no other except small cash loan apps.
Top Reasons to Apply for an Instant Small Cash Loan from Your Mobile
An instant cash loan is a versatile & flexible product and can be taken for multiple reasons as mentioned below:
Home Renovation
Who doesn’t have a desire for a beautiful home! With small cash loans, you can fulfill your desire for a well-decorated home using stress-free small cash loans.
Wedding Expenses
No one wants marriage to be a simple affair these days. So, to bear the extravagant wedding expenses, you can take an instant cash loan and create lifetime memories for your wedding.
Higher Education
Small cash loans can be taken easily and quickly for higher education that may include your tuition fees, library fees, accommodation cost, etc.
Medical Emergency
Life is unpredictable and so are emergencies. A medical emergency cannot be ignored, so when you lack funds to bear the medical expenses, instant cash loans are ideal which can be taken instantly from your mobile phone and disbursed in a single working day.
Holiday Expenses
With instant small cash loans available on your mobile, you can visit the destinations on your bucket list.
Electronic Gadgets
You can buy the latest smartphones, laptops, smart TV with the help of
instant loans available on your mobile.
Features and Benefits of Instant Small Cash Loan Available on Your Mobile
No collateral
This means no security against the loan is required for
small loans. Your monthly income is your only collateral in such types of loans.
Real-time approval
Within few seconds the loan is approved on real-time verification of submitted documents.
Same Day Disbursal
Instant cash loan gets disbursed in the registered bank account within a single working day.
Flexible Repayment Option
Monthly EMIs can be paid as per your convenience within a given tenure.
Loan Eligibility Calculator
You can decide on the loan amount, tenure, and EMIs using the in-built EMI calculator in the app.
Minimum Paperless Documentation
No physical documentation is needed. The documents required are limited such as the Aadhaar card & PAN card are mandatory to get an instant loan via mobile.
Hence, whenever there is a financial emergency or shortage of funds, don’t go too far, your mobile can help you with small cash loans just in time.
