A fast loan is an instant personal loan that helps you get funds within a few minutes to fulfill your immediate requirements such as paying medical bills, shopping, and covering travel expenses. This is an unsecured loan for which you don’t have to pledge any collateral. There is no end usage restriction for this amount.
Key Highlights of a Fast Loan
|
Loan Amount |
Up to Rs. 20 lakhs |
|---|---|
|
Interest Rate |
From 9.9% p.a. Onwards |
|
Processing Fee |
0% to 5% of the loan amount |
|
Tenure |
Up to 72 months |
|
Loan pre-closure Fee |
Nil |
Features and Benefits of a Fast Loan
- Minimal paperwork
- Instant approval
- Flexible loan tenure
- No collateral required
- Attractive interest rates
Fast Loan - Interest Rates and Other Charges
|
Type of Fee |
Applicable Charges |
|
Interest Rate |
9.9% p.a onwards |
|
Pre-closure Fee |
Nil |
|
Processing Fee |
0% to 5% of the loan amount plus GST |
How To Apply For The Fast Loan Online?
Here are the steps to apply for the fast loan online
Step 1: Go to the lender’s website or download the app
Step 2: Enter your personal details
Step 3: Check your loan eligibility
Step 4: Select the amount and tenure of your choice and apply.
Step 4: Complete your KYC with PAN and Aadhaar.
Step 5: Link your bank account, set up auto-debit, and get the money transferred to your account almost immediately.