If you are one of such person who needs emergency cash loan sanctioned within a short time period? Like 1-3 hours then read on.
Many of us often face a situation when we need money instantly. Like the situation can be a medical emergency, or a financial opportunity or urgent loan for something. However, we all know that getting a load in short time is very difficult. Especially from banks that need lots of paperwork before approving the loan application.
And at times people often visit the pawnbroker or a money lender for an instant loan. However taking a loan from them is quite hectic. As the interest of those brokers is so high compared to the banks. Like you have to pay interest rates of 3-4% per month.
Also, you will need to provide collateral in the form of gold jewelry or property papers. Without a collateral, it is impossible to get a loan from them. Even if you get a loan from them it can be humiliating and degrading experience later.
Need a loan? Go online
Nowadays everything is online. Like you can purchase any product online and pay for it when you get the product in your hand by using the cash on delivery (COD) method. Even you can get a loan online. Like there is no difference for online cash loans. At first, you need to apply online with all the scanned documents. And soon the loan amount will be delivered to your doorstep or transferred to your bank account.
However, if you are unemployed there is a high chance that you will not get a job. As most of the online websites do check credit card histories. You will need a credit card history before from the credit bureaus such as CIBIL. Just in case if you have credit score more than 700 on CIBIL, it becomes very easy to get a short-term loan online.
In India, payday loan is a new trend. You can also call this type of loans as a salary loan or cash advance loans. The main logic behind this type loans is to kill the need for short-term financial requirements. Just in case if you are planning to get a loan from them. Then check out the following listed websites:
Rupee Lend – https://www.rupeelend.com/
Rupee lend is a Delhi NCR based company. They offer loan in the national capital region. That simply means if you are a citizen of cities like Bangalore, Mumbai or Chennai you will not be eligible to apply. However the interest charge of the company is pretty high, they charge around 1% interest rate per day. For example, if you borrow Rs 10,000 on Monday from them and return the money to them after 3 days. Then you will need to pay them Rs 10,300 on Thursday to close the loan. The maximum loan amount they offer is Rs 1 Lakh. Also, you have to return the money to them within a month of borrowing. They are one of the few companies that provide loans instantly and kill your financial needs.
India Lends – https://indialends.com/
India lends is an affordable company comparing to the rupee lend. The interest rate of the company is as low as 11.99% per annum. However, the company takes at least 2 days to process your loan application. India lends till now has approved loans of more than 5500 individuals over the past one year. Also, they are expanding its branch network to new Tier-1 and Tier 2 cities of India. A person can easily apply for an instant personal loan on their website. The whole process only takes only 2 minutes. However, it might take a little bit to approve the loan application. Also, the company has no hidden charges and you can trust them blindly.
Lend Box – https://www.lendbox.in
This is a peer to peer money lending online platform. The platform connects borrowers to prospective investors who are willing to provide loans. Any Indian whose age is above 21 can register on their website. Once the registration process is done the person can contact the prospective lenders and negotiate the amount and interest rates. The Lend box website offers a transparent platform to connect borrowers and investors. Also, the repayment of the loan is done through an auto-debit process. That means the loan amount will get deducted from your bank account. You can also repay the loan amount through Bank Cheques, NEFT and IMPS fund transfers.
Faircent – https://www.faircent.com
The company approves more than 15,000 loan requests every month. Also, they determine the eligibility by checking your credit score on the approval date. If you are one of such salaried employee with a good credit history. Then it is so easy for you to get a loan from this website. Faircent judges your eligibility quality based on your repayment track record. They also look at the amount of debt outstanding, recent loans and how successfully you have paid your loans. Last year the company provided a total loan amount of 1.5 Crore. For this year the company wants to increase the number. However, to get a loan from them you need to be at least 25 years old. Also, it must have a PAN card number. The company was funded by the Mohandas Pai of Infosys Technologies.
i-Lend – https://www.i-lend.in
This loan company provides help to the prospective lenders and borrowers through its online platform called i-lend. You can only borrow from this marketplace if you are a Chennai resident. The platform will need copies of your Driving License, Aadhaar Card, PAN number and Bank Statements. Once the documents are verified they will send your loan application to multiple lenders who will decide if you are eligible for a personal loan or not.
However, if you need instant case you can try these websites. Also, do not forget to look at their terms and conditions. Also, there is no guarantee that your application will be approved in 24hours sometimes it takes little bit extra time.