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Looking for the best instant loan in India? Well, finding it is not as easy as you think. There are hundreds of loans and lenders to choose from making it a tricky task.
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5 boxes only the best instant loan in India will tick. Looking for the best instant loan in India? Well, finding it is not as easy as you think. There are hundreds of loans and lenders to choose from making it a tricky task. Luckily for you, the internet has brought you this amazing article; it will highlight 5 features you should look that will make it easier to find the best instant loan for your needs. 1. First things first, look for an app. The best instant loan in India is one that can be availed through a smartphone app. Unlike the traditional method of applying, apps make it much easier to get a loan, almost like ordering a pizza online! The entire process is usually in-app and has as little as 3 steps. Also, since you are looking for apps, remember to look for one that has a higher number of downloads & loans disbursed. This shows that people trust the app and have also used it. You can also check the reviews to be extra sure of your choice.
2. Quick. The next box the best instant loan in India will tick off is quick turnaround time. There’s no point if an instant loan take hours or days to be disbursed right? That’s why you should focus on finding a loan that provides snappy disbursal. For instance, some loans allow you to go from application to money transfers in as little as 30 minutes! 3. Lenient eligibility requirements. Loans can sometimes be awfully difficult to procure. Some lenders require a monthly salary above Rs. 20,000. Other will demand a credit score higher than 700. Put together, getting a loan can seem like a distance dream. However, the best instant loan in India will change this notion. It will provide you the loan you require without a credit score. It should even offer the loan to those who have a monthly income of just Rs. 10,000 or above, regardless of whether you are salaried or self-employed. Great isn’t it? 4. Hassle-free documentation. The best feature the best instant loan in India will provide is easy documentation. It will ensure that the loan will be made available to you with the least possible document required. You won’t believe it but some of the best loan require only document these days – your Aadhaar card and your PAN card. They will process your loan with just these 2 documents, and a selfie! 5. Low cost. The last box the best instant loan in India will tick off is low cost. To begin with, some lenders have processing fees as low as Rs. 349. In addition to this, they will have interest rates as low as 1% per month. This ensures you get the money you need at an extremely low price tag. They will even throw in tenures up to 12 months to ensure that repaying the loan is even easier. Hope this article has been helpful, good luck and all the best!