If you have spent even a bit of time online, you might have seen everyone talking about getting an instant loan nowadays. But what is up with it? Why is everyone talking about this? Let us explore why instant loans are everyone’s ‘obsession’ nowadays. In today’s fast-paced world, where people are losing their jobs and living costs are rising every month, from unexpected medical expenses to wedding preparations, people need more and more money but have realized that they cannot afford everything on their own salaries. This has prompted many people who have been unable to make ends meet or people barely scraping by to dream and aspire for something bigger. This is where an instant loan comes in and solves this problem for most people. What is an instant loan? Online instant loans are a solution to this problem and offer low-value loans straight from the app without having to visit the bank and often with zero to minimal documentation. This type of loan is unsecured and thus has no collateral and can get approval within an hour, which can result in high interest rates, but by following a straightforward trick, you can ensure that you don’t have to pay interest at all. Where to get an online instant loan? With the rise in easy credit availability, those who are interested can choose from a suite of different lenders. With dozens of lenders offering instant loans, everyone should be able to get a loan for their needs. But out of all these apps, Stashfin stands out by offering loads of features that can improve your loan experience. This is because of the trick I mentioned earlier: if you pay back your loan within 30 days, you will not have to pay any interest on the money you borrowed. This is beyond the already low interest rates you will find when availing of a loan. Not only that, getting an online instant loan from Stashfin is super easy and convenient. All you need to do is follow these steps, and you will get your loan approved within an hour. How to get an instant loan online? As mentioned above, getting your loan from Stashfin takes four steps. Download the app from the Play Store/App Store Sign up using your mobile number Add your personal details to check your credit limit Complete the KYC, fill out the form, and you are done Following these steps, you can also get an instant loan online from Stashfin within an hour. Conclusion It should be clear now why instant loans are everyone’s obsession nowadays. Not only are they quick and convenient by removing all the tedious and cumbersome aspects of availing traditional loans, but with instant loans, you can also see never-before-seen features like zero interest if the sum is paid back within 30 days. This is basically like getting your salary on the day you want and paying it back once you get your salary. So, whatever expense you are facing ahead of you, get instant loan from Stashfin and pay it back within 30 days to enjoy all of the benefits with zero cons.
It feels like a different era when it was difficult to get a loan. With so many lenders looking to provide you a loan, getting one nowadays has become so simple that as long as you have a stable income with good credit score and history, you can get the money in your account within hours of applying. Instant loan app are leading this credit revolution, but what are they, which is the best app to get a loan, and how to apply for one? What is a personal loan? A personal loan is a type of credit where the borrower seeks a usually unsecured sum of money to fund non-specific scenarios. A personal loan requires an individual to pay back the loan amount along with the interest charged within a set tenure predetermined by you and the loan provider. Its wide range of applications can be availed for many reasons, from financing your child’s school to paying back debt, purchasing a home, or even buying something you want. Due to its unsecured nature, it usually has a high-interest rate. Still, if one has a good credit history and score, they can shop around for other lenders with better interest rates and get a low-interest rate offered for their credibility in paying back the loan. Which is the best app to get instant loan? There are several apps that provide loans but these loan apps provide quick, convenient, and secure financing options based on your needs. These can help you fund your expenses without worries, and when you need it. Stashfin Stashfin is what I have been using recently. It provides online instant loan worth up to Rs 10 Lakhs for competitive interest rates. It charges no interest if you pay back the money within 30 days. You will only be charged interest on the funds that you actually use, not the entire amount. MoneyTap MoneyTap offers customers a line of credit up to Rs 5 Lakhs. They also allow you to pay interest only on your used amount. There is no collateral for the funds. HDFC Bank HDFC Bank is an established player in the loan sphere. They offer a loan of up to 40 Lakhs at competitive rates. They also require minimum documentation and approve loans instantly. ICICI Bank ICICI also offers pre-approved instant loans for their customers, allowing them to get up to Rs. 20 Lakhs based on their income and repayability. It is disbursed instantly and is convenient if you ever need funds urgently. How to apply for an instant loan? With so many lenders looking to provide loans, it is now effortless to get loans nowadays, and these are the steps I followed to get an instant personal loan from the app I use personally Stashfin. Download the Stashfin app from the Play Store or App Store. Sign up using your mobile number Add your details to check your credit limit Complete the KYC, and you are good to go! Conclusion This is how instant personal loan apps make it convenient to get loans instantly, all you need to do is download the app, fill in the details, and you are good to go—no running around with piles of paperwork from bank to bank. You have the answer right in the palm of your hand. So use Stashfin to get an instant online loan as I do and buy whatever you wish without waiting for your salary. Pay it back before 30 days to be charged zero interest, and even if you keep it, pay it back in easy EMI Payments for up to 36 months.