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.
The need for instant funds can arise anytime, and what is better than an instant personal loan? Nowadays, many people use credit cards to access funds, but they don’t know that this type of loan is a much better option. This is primarily because of the lower interest rates, flexibility and, most importantly, its unsecured nature. In recent years, a significant boom has been witnessed in this industry, and more and more people are availing these types of loans. What is a personal loan? As the term suggests, it is a type of loan granted to an individual for their personal needs. It is an unsecured loan which means that, unlike a home or car loan, the borrower does not need to put in any collateral to secure it. Instead, it is totally based on the creditworthiness of the borrower, income, and other factors. Further, such a loan can be used for various purposes, such as paying for a vacation, renovating your current home, or even paying for a wedding/event. Unlike credit cards, they have a fixed term, typically ranging from one to five years, and fixed monthly payments. What are its advantages? When you opt for this type of loan, keep in mind that it comes with tons of advantages. For those who are in urgent need of funds, it is one of the best options to choose from. Flexible These types of loans are generally very flexible in nature, meaning an individual you can use them for a wide range of purposes. As mentioned above, it can be for a home renovation project or even for a wedding/event. Improve Credit Score Consistently making payments on time and without any delay helps you to improve your credit score over time. In addition, this makes it relatively easy to obtain credit in the future. No collateral Unlike secured loans, an instant personal loan is unsecured in nature. This basically means that you, as a borrower, don’t have to put up collateral to secure the loan. Lower rate of interest Rather than credit cards, this type of loan is the best choice if you are looking for emergency funds. This is because it offers lower interest rates, ultimately benefiting the borrowers in the long run. How does it work? 1. Application To apply for the same, basic information such as income, employment status, credit history etc. 2. Approval Once submitted, the application is reviewed, and if applicable, the loan is approved instantly. 3. Acceptance Once you decide to accept the loan offer, sign a loan agreement that outlines the terms and conditions. 4. Disbursement After you sign the agreement, the loan is disbursed instantly to your bank account. 5. Repayment You’ll be required to make fixed monthly payments on the personal loan for total tenure. How to get it? We focus mainly on offering convenience to our potential customers. You just have to download the application, and the whole procedure is relatively easy. 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 KYC, and you are good to go!
Nowadays, availing of a personal loan has become a common practice for individuals to gain access to easy funds. Since the onset of technology, getting such a loan has been relatively easy if you are on the right track. But, the fact is that one needs to ensure their safety as well because nowadays, many loan scams are being reported. Well, if technology has its pros, it has its cons as well. So, to avoid falling for such scams, it is vital to be aware of the red flags and take the necessary steps for protection. What are personal loans? As the name implies, it is a type of loan that is usually availed by individuals in order to fulfill their personal needs. These needs can include the renovation of their abode, a vacation with their family or even for an event etc. Well, the list goes on. Furthermore, this is an unsecured loan, which basically means that the borrower does not have to put up any assets as collateral to get the loan. So, it is entirely opposite to a car or home loan, as they are secured by collateral. Nowadays, there is no need to visit a bank or financial institution to avail this loan, as it can easily be done from the comfort of your home. Download the right application, and you are more than good to go. How to avoid personal loan scams? Not only these scams, but one should be vigilant to protect themselves from any financial scam. Nowadays, cybercriminals have become much more active, and they have come up with several types of techniques to loot people's hard-earned money. Research Before just going for this loan, ensure that you do your groundwork. You don't apply for the same, knowing that the process is easy and offers easy money. This can lead you into trouble. Instead, check the lender's website, ratings and reviews to make sure you are on the right track. Therefore, if you notice any kind of red flags, it's best to take a step back. Avoid Paying Upfront Fees Being a borrower for an online personal loan, remember that you are not bound to pay any upfront fees. So, if a lender asks you to pay a fee before approving the loan, it's likely a scam. These criminals often use these fees to steal money, so be aware of any lender who asks you for such a payment. Go through the loan agreement Often we tend to avoid the terms and conditions whenever we witness them. Well, many don't know its importance. The scammers out there tend to hide unfavourable terms in the fine print and may include clauses that allow them to change the rate of interest or even impose additional fees at any time. So, if you think the terms and conditions don't suit you, don't sign them. Unsolicited Emails/Calls Being an aware citizen, it is your moral responsibility to be cautious of unsolicited emails or calls from lenders offering personal loans. Keep in mind that they may be cybercriminals posing as legitimate lenders. The authentic ones don't contact anyone out of the blue, so if you receive such communication, it's best to ignore it and be safe on your side. Conclusion Be it small personal loans or large ones, you, as an individual, need to ensure you don't fall for scams. But on the other hand, if you are an aware citizen and know what's happening around you, such scams are preventable. So, keep the factors mentioned above in mind and get access to personal loans easily.
Enjoy the power of instant money with Stashfin - India's fastest, easiest, safest, and smartest Credit Line and Instant loan App. Stashfin is powered by Akara Capital Advisors Private Limited, an NBFC duly registered with Reserve Bank of India (RBI). With its quick and easy application process, the Stashfin Instant loan app lets you enjoy a credit line of up to ₹10,00,000 at low-interest rates and flexible repayment plans that are best suited to your needs. ✔ Credit Line ✔ Pay interest only on the funds you need ✔ Credit line ranging from ₹1,000 to ₹5,00,000 straight to your bank account ✔ Repayment period: 3 to 36 months ✔ Minimum documentation, instant approval, and quick disbursal We also provide funds as low as ₹1,000 to ₹5,00,000 and are operational across India. In matters of funds, one size doesn’t fit all and we offer you the choice of picking a credit line best suited to your needs and help you take control of your finances. We offer interest rates ranging from 9.99% - 35.99% APR (Annual Percentage Rate), the rates may vary on a case-to-case basis. A low processing fee is charged in certain cases and there are no hidden costs. Example: Amount: ₹10,000 Tenure: 3 months Rate of Interest: 11.99% p.a. Processing Fee: ₹0 Total Interest: ₹167 EMI: ₹3389 APR: 11.99% Amount Disbursed: ₹10,000 Total Repayment Amount: ₹10,167 Sample Monthly EMI with Sample Principal and Interest EMI Principal Interest ₹3389 ₹3305.74 ₹83.25 ₹3389 ₹3333.26 ₹55.73 ₹3389 ₹3361.01 ₹27.98 How does Stashfin App Work? Download the Stashfin App and register Fill in your details and upload verification documents Once verified the final application status can be checked on the App. You will also be notified of your approval status via SMS Once approved, E-sign the loan agreement and the approved amount will be disbursed to you within 5 minutes. SMS notification will be sent to your registered number notifying the same Eligibility Criteria ✔ Indian Citizen ✔ Above the age of 18 ✔ Must have a source of income (either salaried or self-employed) Documents Required Address Proof (any one of Aadhaar Card/Voter ID/Passport/Driving License) Identity Proof (PAN ID) In some cases, you may be asked for the following documents Bank Statement ITR/ GST Paper Operational across India Delhi NCR (Delhi, New Delhi, Noida, Greater Noida, Faridabad, Ghaziabad, Gurgaon), Mumbai, Thane, Pune, Hyderabad, Chennai, Bangalore, Indore, Chandigarh, Panchkula, Pithampur, Bhiwandi, Zirakpur, Kharar, Kolkata, Jaipur, Udaipur, and more. Given the surge in the demand, players like Stashfin have exclusive offers and benefits for their consumers such as Instant funds up to Rs. 5 lacs, direct bank transfers, attractive interest rates, instant approvals, quick process, which is completely digital, exclusive rewards. To apply for a Stashfin loan, you can download the app here Stashfin – Credit Line & Funds – Apps on Google Play or here Stashfin iOS App or apply on the website Stashfin