Personal loans from banks aren’t always a good idea since they may take a long to be processed and disbursed into a borrower’s account.
If this is the case, you may get a quick personal loan from a loan financing company and have the money deposited into your bank account within an hour.
The monthly interest rate ranges from 1.25 % to 3.50 % for loans ranging from Rs.1,000 to Rs.2 lakh.
If you have a higher credit score, you’ll pay a cheaper interest rate. Even if you have a bad credit score, you may still apply for an instant cash loan in 1 hour for quick approval.
Instant Cash Loan in 1 Hour Quick Recap
|Interest rate||1.25% to 3.50% per month|
|Loan Amount||Rs. 1,000 – 2 lakh|
|Loan Tenure||Up to 36 months|
|Eligible Age||21 years or above|
|Processing Fees||Up to 6% of Loan Amount|
Also Read: 7 secrets tips to increase personal loan eligibility
Benefits of Instant Cash Loan in 1 Hour
Quick Process: Instant cash loan gives you quick loan processing features. You can get instant loan credit within 1 hr. If you have short cash, you can apply for an instant 1-hour cash loan.
Minimum Documents: Banks take too many documents to process the loan. But you can apply for an instant loan with lower documents.
Without Credit Score: To get an immediate cash loan even with bad credit, you may apply for it from a lender that provides the feature known as an instant cash loan. Some businesses, on the other hand, need a credit score of 600 in order to qualify for a loan; however, some lenders may grant you a loan even if you are a first-time borrower without any credit history. If your credit score is very low, you may have to provide physical identification as proof of your identity.
Instant Verification: This loan comes with an instant verification process. Submit documents online and the verification process will be done instantly.
Lower Income: The amount of money you need does not matter how little your monthly salary is. Lenders may accept your application for a quick cash loan if your credit outlook is good, you haven’t had any financial defaults in the past two years, and you don’t have a lot of credit problems.
Also Read: Get 50K loan from MoneyView
Instant Cash Loan Amount
|Loan Amount||From 1,000- 2 lakh|
|Tenure||3 months to 36 months|
Documents Required for 1 hr. Cash Loan
- Aadhaar Card Number
- Pan Card Number
- 6 months Bank Statement
- Recent 3-month Salary Slip
- IT File & Trade License for Self employed
- Passport size photo
Also Read: Top 5 instant payday loan online
- You must be at least 21 years old to be eligible.
- A monthly income of Rs.15,000 is required.
- You should be good credit history.
- If you are self-employed, submit a minimum of 1yr. of business proof (IT File, Trade License).
- You must have worked for a company for a minimum of six months before applying.
- A credit score of 600 or above is required.
Apply for an Instant Cash Loan in 1 hr.
|Bank/NBFC||Apply for Loan|
|HDFC Bank||Apply Now|
|HOME CREDIT||Apply Now|
|Kotak Bank||Apply Now|
How to Apply for an Instant Cash Loan in 1 hour
Step 1 Download the lender mobile app from the play store.
Step 2 Register through your mobile number & active email id.
Step 3 Fulfill your basic details like Address and income details.
Step 4 Upload requires documents through mobile phone.
Step 5 Lenders will go through your papers and, if everything checks up, they’ll approve your loan request.
Step 6 If you are eligible for the loan, submit your active bank details to get the loan to your bank account.
Also Read: SmartCoin Personal Loan
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