A Personal Loan!

This is an unsecured loan and is processed instantly. 

These days, there are a number of instant loan apps online that process your loan within minutes. You can borrow as low as Rs.1000 and up to Rs.10 lakhs from these apps. 


  • Personal loans are unsecured loans and do not require you to pledge any collateral or guarantee
  • They are mostly based on your monthly income and credit score
  • They are processed quickly and the loan amount is disbursed within minutes of approval
  • The loan amount is highly flexible and you can borrow based on your needs
  • The interest rate is highly competitive
  • Instant loan apps are completely online and don’t require much documentation to process your loan
  • Repayment tenure ranges from 30 days to 12 months and you can repay the loan comfortably

Key takeaways: 

  • Personal loans are helpful in times of urgent cash requirement
  • They have very high processing charges; somewhere around 2.5% of the loan amount
  • Ensure to repay the loan on time so that you don’t incur high interest charges, late penalties and hurting your credit score.