To meet short-term financial goals, online instant personal loans have gained much popularity in recent years and is in the trend now. Instead of a credit card which generally has a higher interest rate, people are more and more inclined towards a personal loan.
Long gone are the days when potential borrowers had to visit financial institutions/banks in order to avail loans. Nowadays, it’s all about you and your internet-enabled smartphones. Since day one, our prime goal has been to offer a seamless experience to everyone so that they easily get access to funds and that too interest-free!
What is an instant personal loan?
As the term implies, it is a type of loan that can be availed by the potential borrower instantly and without much hassle. These are typically approved and disbursed within just a few hours and designed in such a manner that it helps the borrower to meet their short-term financial needs.
Moreover, these loan types are usually unsecured, meaning that you don’t need to put up any collateral, unlike a car or home loan. It all depends on your creditworthiness and income.
What are instant personal loan pros?
-
Flexible
When you avail an instant personal loan online, you are free to use it for any personal purpose. Now, it can be used to buy an expensive gadget, pay for an event/wedding, or even cover medical expenses. It’s totally up to you!
-
Instant
It is in the name itself! The moment you apply for it, within no time, the amount will be credited to your account. This helps, especially in times of urgent and emergency situations!
-
No Collateral
Unlike secured loans, this type of loan is unsecured and doesn’t require any collateral or security. So therefore, the borrower does not need to pledge any essential assets, such as your car or home, to avail the loan.
-
Easy Eligibility
The overall eligibility criteria to avail this type of loan are quite simple and easy. You just need to have a stable monthly income and good creditworthiness.
-
Flexible Repayment Tenure
An instant loan offers a flexible tenure for repayment. Now, this ranges from a few months to a few years, and all of this totally depends on the loan amount and the borrower’s repayment ability.
How to avail it?
Availing this loan is relatively easy, and there are two options to choose from. Either you can apply on our website easily or download the application on your device. Both of these options work seamlessly.
- Download the app from the App Store/Play Store
- Sign up using your mobile number
- Add your personal details to check your credit limit
- Complete KYC, and you are good to go!
Conclusion
An online instant loan should mean that it can be availed via your smartphone within a blink of an eye. That is what we offer! Moreover, the hassle-free process makes it easy to avail and offers a seamless experience. In recent times, an upsurge and demand have been witnessed for personal loan as it easily solves many problems faced by individuals in monetary terms.
