Getting a loan in India is not a tough task in India and during emergency requirements, you have the option to get instant loan. Through instant personal loan money will be credited to the bank account within 24 hours and it requires minimum or no documentation. It is even possible to get instant loan within 2-3 hours and it totally depends on the bank or non-banking financial institution where you have applied for loan. It is quite natural to come across emergency situations and not everyone has even money saved for emergency funding, at these circumstances it will be a smart move to make use of instant personal loan and you can repay in monthly installments.
When you are in emergency situations, money should be the last thing to bother your mind, concentrate on the issue and worry less on the money aspect with the help of instant personal loan. It is not very easy to get quick money within 24 to 48 hours in India however; if you opt for instant personal loan it is quite possible. Instead of pledging gold for instant money, people have started to opt for instant loan as the rate of interest is quite cheaper plus there is no security required in the form of assets. The money taken through instant personal loan can be repaid in Equated Monthly Installments in a burden-free manner however; money taken by pledging gold and other assets has to be cleared in a single shot.
Ways to get instant personal loan:
There are lots of banks and financial institutions ready to offer instant personal loan and these can also be applied through websites such as Finance Buddha for much quicker turnaround time. All you need to do is visit Finance Buddha website, look out for instant loan and complete the below 3 steps:
- Fill the application: Once you decide there is an urgent need for money, simply visit Finance Buddha website and lookout for instant loan. Fill the application form with right information such name, age, address, loan amount required, income details. Use the eligibility tool and comparison tools to check whether you are eligible and which bank or financial institution is offering best rates and facilities. Based on these choose a bank and apply for instant personal loan.
- Attend call directly from bank: Once you submit the online application form through Finance Buddha you can expect call from bank within 24 hours. This call is to check more about the loan requirements. Banks will check the CIBIL score which should be more than 60. If you have good score, the next call is to let you know more about your loan details such as loan amount, tenure, rate of interest and so on. You are expected to check these details and confirm your interest for an instant personal loan.
- Get loan approved: Once you agree to the loan amount, tenure and rate of interest, bank will sanction the loan and instant money will be transferred to your bank account on the same day or the very next day.
Features of Instant Personal Loan:
- Electronic transfer: Money will be quickly disbursed to the bank account directly. Every transaction is very safe and through reliable medium. There is no risk of theft of money or unauthorized access to money. You simply need to provide current bank account details to which money has to be disbursed. If you have an existing savings or current account with the bank, money will be disbursed even quicker. Notification of amount credited will be through SMS or call to registered mobile number or email to registered email address.
- Easy and fast approval: The most advantageous aspect of instant personal loan is it is quick; less documentation is required and fast approval. The banks are very quick in approving instant loan as compared to other types of loans. All communications are through calls and email, there is no need for the applicant to visit the bank to get loan approved. While you are busy with your emergency works, bank and Finance Buddha will take care arranging the money for it.
- Less than 5 minutes application: When you are in emergency, it is realistically not possible to go through a 5 page application form. Banks clearly understands this need and thus the application for instant personal loan will take less than 5 minutes. Basic details such as name, age, income proof, address, loan amount and tenure is required.
- Loan amount upto Rs. 25 lakhs: Based on the applicant’s emergency requirements, instant personal loan is offered upto Rs. 25 Lakhs and this amount can be repaid in Equated Monthly Installments over the tenure of the loan. Banks and loan applicant have equal right to decide the loan amount and tenure. If the applicant requests for loan of Rs. 20 lakhs but if he eligible for loan only up to Rs. 8 lakhs, banks will approve instant loan only up to maximum eligible limit.
- Pre-approved loans: Most of the instant personal loans are pre-approved, these either requires very less documentation or no documentations. Loan amount will be directly credited to an existing bank account. It is advisable to take instant personal loan from a bank with which you already have a financial relationship. This will help in getting the instant loan within few hours plus the rate of interest will also be low as compared to what other banks are offering.
Some banks offer instant personal loan with zero pre-closure charges and low or zero processing fees. Plus there are banks that offer rewards points on loan repayment which can be redeemed to shop at various stores across the city. Go through the terms and conditions, instant personal loan agreements with the banks. Get cash as quick as 2 hours through instant personal loan across India. And make use of Finance Buddha for one-stop solution for instant personal loans across all major banks and financial institutions in India.