The need for urgent cash occurs for various reasons as life plays an impulsive role, and no one can escape from emergency situations. Financial urgency is unavoidable when medical bills are pending, educational fees are yet to be cleared, sections in your home need an urgent repair, and many such situations need immediate financial attention. Managing these expenses from monthly earnings is not a viable option for everyone. That’s when you can seek an
instant cash loan online to raise urgent cash in no time.
There are numerous user-friendly, trusted
Instant cash loan apps and official websites readily available on the internet for quick cash loans that are approved and disbursed in just a few minutes. What makes it a preferred option is the entire digital interface that makes the loan user lifecycle easy. Right from loan application to getting the amount disbursed in the bank account, the process is not at all time consuming and hence it’s termed as instant cash loan.
The online instant cash loan is a complete digitized process and protects the privacy of your loan account. Being small cash loans, the loan amount is not huge and can be easily repaid in the given tenure. This minimizes the risk factor of defaulting loan accounts where repayments are difficult.
Hassle-free Features of Instant Cash Loan Online
- The interest rate is always a catch. Borrowers can compare interest rates on various loan apps and go for an affordable option.
- An instant cash loan is approved without any collateral. This means it is a collateral-free loan. No pledging of security is required against the loan amount.
- Repayment is not a burden as borrowers can set the repayment tenure while deriving the EMI from the EMI calculator.
- Minimal documentation required – Aadhar card and PAN card for E-KYC verification
- Quick transfer of funds in a business day, directly in borrower’s bank account
- Even if you are a first-time borrower, you can get an urgent loan based on your income. Your income is a security against the loan.
- An instant cash loan is available 24x7 online. Loan applications can be made anytime from anywhere.
Eligibility Criteria to Get Instant Cash Loan Online
To meet the lender's eligibility requirement, you need to complete minimum
eligibility criteria to get an instant loan:
- You must hold an Indian citizenship
- Your age must be between 21 – 58 years
- You must earn an income of Rs.15,000 monthly
- You must provide six months bank statement whether working in a private sector or having a business
- A credit score is essential but not the only eligibility criteria for approval
How to Apply to get an Instant Cash Loan Online?
As life has its uncertainties, instant cash loans are here to balance the emergency situation in a few simple steps:
- Visit Google Play Store and install the quick cash loan app on your android phone
- Register your mobile number or email id for OTP verification
- Complete KYC with your Aadhar card and PAN card.
- Fill in the application form with your personal and professional details.
- The next step will analyze your profile, and once it gets verified, it will get approved within a few seconds
- Enter your bank details and digitally sign the loan application
- Disbursal will follow in a working day, directly in your bank account
