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Instant Cash Loan in 1 Hour Without Documents
Are you in need of emergency cash or instant cash loans? It might not be practical to apply for a personal loan from a bank because the loan turnaround time is more. The lender will take some time to review your application and disburse the requested amount to your bank account. In this scenario, you can apply for an instant personal loan from a financing company and the money will be disbursed to your bank account within an hour.About Instant Cash Loan
- Highlights of Instant Cash Loans in 1 Hour Without Documents
- Some of the Best Instant Cash Loan Lenders
- Eligibility Criteria For Instant Cash Loan in 1 Hour
- Features and Benefits of Instant Cash Loan in 1 Hour
- Instant Cash Loan In 1 Hour Documents Required
- How To Apply For An Instant Cash Loan
- Terms And Conditions For Getting an Instant Cash Loan In 1 Hour
- Factors Influencing Interest Rate on Instant Cash Loan in 1 Hour
- FAQs of Instant Cash Loan
Highlights of Instant Cash Loans in 1 Hour Without Documents
Interest Rate | 9.9 p.a. onwards |
Loan amount | Upto Rs. 20 Lakhs |
Loan Tenure | Upto 72 months |
Processing Fees | Depends on the lender |
Some of the Best Instant Cash Loan Lenders
Instant Cash Loan Lender Name | Tenure | Loan Amount | Benefits |
|---|---|---|---|
IndusInd Bank | 1 to 4 years | Between INR 30,000 to INR 5,00,000 | Zero processing fees (Applicable for a limited period) Entirely digital with no physical documentation Affordable EMI plans Easy eligibility criteria |
Money Tap | Upto 5 years | Upto INR 5,00,000 | Well-built mobile application, so no lag for users Simple to get and functional as a wallet You can create a profile to apply for a loan with KYC |
CASHe | Upto 1 year 3 months | Upto INR 5,00,000 | Single time registration Compatible with websites like Amazon, Flipkart, etc. Money can be transferred quickly to your friends You can set your credit limits from the credit line approved |
Bajaj Finserv | Upto 5 years | - | Loans can be obtained in a single day itself Flexible EMI options No collateral Provides loans quickly |
Money view | Upto 6 years | Rs. 5,000 to 5 lakh | Loans at low-interest rates User-friendly Hassle-free documentation Transparent eligibility criteria and loan terms |
Paysense | 1 to 5 years | Rs. 5,000 to Rs. 5 Lakhs | Easy and quick documentation process Provides loans with as much as 80% approval rate Quick loan approval Affordable EMI plans |
Kredit Bee | Upto 1 year 3 months | Upto Rs. Rs. 1,00,000 | Provides short term loans at low-interest rates Instant disbursal 21 years of age is enough to apply |
Home Credit | 9 to 48 months | Upto 2 Lakh rupees | Easy and quick Available all throughout India |
Navi | Upto 6 years | Upto 20,00,000 | Less paperwork Quick Simple process |
Dhani | Upto 1 year | Upto Rs. 15,00000 | Provides all sort of loans and credit rating facilities Fast approval Pharmacy and money services platform combined into a single platform |
Eligibility Criteria For Instant Cash Loan in 1 Hour
Instant cash loans are unsecured and are not backed by collateral. But, there are certain eligibility criteria to qualify for this loan. They are as follows:
Age | 21 to 65 years |
Nationality | Indian resident |
Monthly Household Income | Rs. 3 Lakhs |
Type of employment | Salaried or self-employed |
Credit score | 650 and above |
The eligibility criteria may vary across lenders.
Features and Benefits of Instant Cash Loan in 1 Hour
- Completely Paperless Process: Most instant cash loan lenders have a completely digital app-based application to disbursal process. This eliminates the need for paperwork.
- Instant Disbursal: Download the app, enter a few basic details, apply, and you will get the required loan amount disbursed to your account.
- Attractive Interest Rates: Instant cash loans come with competitive interest rates. The final rate of interest varies across lenders and it depends on various factors such as credit score, income level, and other eligibility criteria.
- Flexible Repayment Tenures: Enjoy adjustable repayment tenures of up to 72 months. You can repay your loan conveniently by selecting the loan tenure suitable to you.
- Minimal Documentation: Instant cash loan lenders require minimal documentation to process the loan. Mostly you will need to submit the PAN or the Aadhaar.
Instant Cash Loan In 1 Hour Documents Required
The documents required to avail of an instant cash loan in 1 hour are:
- Aadhaar Card
- Proof of address
- Latest salary slips
- Bank statement for the last six months
- PAN Card
- Passport size photographs
Note:
The list of documents given above is general. The documents may vary across lenders.How To Apply For An Instant Cash Loan
Online Through CreditMantri
1. After knowing all the features, choose the lender from which you want to take the loan.2. Click on “CHECK ELIGIBILITY”
3. Enter the basic details on the application page and click ‘Submit’
4. Enter basic details like email ID, mobile number, full name as per PAN, loan amount requested, date of birth, residence pin code, residence city, gender, and marital status.
5. Click on “Next”
6. Input the OTP received on your mobile for verification
7. Carry on with the rest of the steps to complete the application
Online Through The Lender’s Website
You can apply for an instant cash loan via the following stepsStep 1: Go to the lender’s official website or download its mobile application based on your preference
Step 2: Enter the basic information required to create your profile - Name, mobile number, email address, etc.
Step 3: Upload the documents as per the lender’s requirements
Step 4: If you have uploaded the correct documents, given accurate information and fulfilled the eligibility criteria set by the lender, then the lender will accept your loan application.
Step 5: Choose the loan amount and repayment duration
Step 6: The loan amount will be disbursed to your loan account.
Terms And Conditions For Getting an Instant Cash Loan In 1 Hour
The terms and conditions to obtain an instant cash loan in an hour are as follows:
- Interest is payable between loan distribution and loan expiration.
- Processing fees will also be retained.
- You must pay GST fees to receive a quick loan
Factors Influencing Interest Rate on Instant Cash Loan in 1 Hour
- Credit Score: A credit score of 750 is considered ideal by lenders. Maintain a good credit score and get attractive interest rates on your instant cash loan in 1 hour.
- Steady Source of Income: The source of income should be steady whether you are salaried or self-employed. This makes lenders confident about your repayment capacity. So, they provide loans at competitive interest rates.
- Rapport with the Lender: A good relationship with the lender will lead to instant approval of your loan application. If you are an existing customer with a good credit history, loans are given at attractive interest rates.
- Avoid Defaulting on Existing Loan Repayments: Do not default on existing loan repayments. Timely repayment of your existing debt will fetch you attractive interest rates.
Conclusion
Instant cash loan in 1 hour without documents will provide you with the required funds in times of emergencies. Make sure to fulfill all the eligibility criteria laid down by the lender in order to get lower interest rates and easy loan sanctions.
FAQs of Instant Cash Loan
1. How to avail of an instant loan in 5 minutes?
You can easily get an instant loan in 5 minutes by applying on the lender’s website or downloading the app. Enter your personal details, KYC information, link your bank account, and set up auto debit. If you qualify for the loan, the amount gets disbursed instantly to your account.
2. Can self-employed professionals apply for instant cash loans?
A self-employed person may qualify for an instant loan starting at Rs. 50,000 and going up to Rs. 1,50,000 for their start-up business. A self-employed person obtains a loan primarily for business expansion.
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