In India’s bustling financial landscape, a good credit score, often represented by the CIBIL score, holds quite a crucial importance in accessing loans and other credit facilities.
However, you need not worry if you don’t have one. Stashfin is with you! With your right approach and understanding, securing funds promptly with us is indeed feasible.
What is a CIBIL score?
It is basically a numerical representation of your creditworthiness, ranging from 300 to 900. A score above 750 is considered to have high eligibility for availing of a loan with good deals on the rate of interest. On the other hand, a low score will definitely reduce your chances of getting a personal loan or any other credit.
However, if you are looking for a quick loan without thinking about your CIBIL score, then you should explore ‘Stashfin’. We offer such facilities within no time as we understand the importance of timely access to funds.
What is a quick loan? What are the advantages of availing it in 2024?
As the term implies, it is a new type of financial instrument in the financial sphere that has become very useful for multitudes to meet all sorts of monetary needs. Quick loans may come in the form of short-term loans, salary advances, lines of credit, etc. You can choose the option that is suitable for your needs just right from your smartphone.
Quick loans are entirely different from the traditional loans that are available with financial institutions. The lending process is quick and involves easy registration followed by verification. Furthermore, if you are eligible for a quick loan, the lender will immediately transfer the required funds into your desired bank account.
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Easy registration
One needs to register easily with the lender in order to avail this type of loan. This process is relatively easy and requires zero physical documentation in most of the cases. Here, certain types of documents, such as income, employment details and credit history, are to be provided.
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Instant verification
Once you have registered with the lender out there, your details are verified in no time. Furthermore, the loan is processed for approval.
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No collateral
Quick loans from a credit line app are typically unsecured in nature. Here, you need not pledge any collateral to secure the loan.
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Rate of interest
As quick loans are unsecured in nature, the rate of interest will be higher than usual. This is because of the risks involved in the lending process.
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Tenure
Quick cash loan generally have shorter tenure. The maximum repayment term could be up to 2 years, while the minimum is just one month. Moreover, it offers the flexibility to choose a quick loan that offers a much more suitable repayment period.
Why Stashfin?
When it comes to availing Credit line loan in India, look nowhere else. Stashfin is one of the leading platforms which offers this facility at a single tap. Explore our website or download the application from the Play Store (Android) or App Store (iPhone) in order to apply.
Moreover, what makes us stand out in the game is our interest rate, which is technically zero. Yes, you heard it right. We offer credit or personal loans without charging an extra single penny from you. So, what are you waiting for?
Conclusion
All in all, obtaining a loan without a CIBIL score may seem challenging, but it’s not entirely impossible. Several alternative methods and financial institutions cater to individuals without a credit history. However, always remember that building a strong credit history over time remains essential for accessing better financial opportunities in the future.