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Here are some features of instant cash loans

Here are some features of instant cash loans

Amit Tyagi 895 18-Jul-2019

Tough times can knock at your doorstep in the form of large bills and expenses. On top of it, your salary gets exhausted in the middle of the month. It becomes very difficult to manage finances to meet your immediate cash needs. However, due to the rising number of financial products in the lending market you’re emergencies can very well be taken care of. One such product is instant cash loans. Cash loans are a kind of salary advance loan provided by reputed FINTECH companies to salaried individuals. These products are designed to meet your immediate cash requirements and fulfill your small-term financial goals such as – urgent car repairs, covering wedding expenses, paying school fees or medical bills, funding your business, etc. These loans are sanctioned in real quick time and disbursed to your bank account in mere 1-2 working days.

You can borrow cash loans as low as Rs 10,000 and can go up to Rs 2 lakhs. They come at attractive interest rates, and you can repay them in flexible EMIs within 30 to 120 days. The money would be transferred digitally into the bank account.

Thanks to your smartphones, you can avail of instant cash loans without even having to step out of your home or office. You can download the instant cash loans app on your smartphone and log in with your Facebook and Gmail accounts. Tell them how much cash you require, and for much time, and upload a scanned copy of your particulars.

They will evaluate your request, and tell you how much they can lend based on your particulars, credit score, and social worth score. Once you give a go ahead, the money would be transferred to your bank account in 1-2 working days. One of the best features of cash loans is that people with average credit scores such as 550-700 can also apply for a loan. FINTECH lenders do give them financial solutions to fulfill their needs. Borrowers from remote areas, stuck with a hectic lifestyle, facing health issues anyone can apply for instant cash loans who find it difficult to make it to the branches for manual application.

Lets’ go through the few features of instant cash loans:

Fast Disbursal

Cash loans are disbursed instantly and it makes them an ideal choice to combat financial emergencies. It’s disbursed in 24-48hours. Isn’t it at a lightning speed?

No Physical Documentation

To avail of the cash loans, you don’t require submitting a file of documents. You can upload a scanned copy of your documents which has made this loan rather handy.

No Collateral

You don’t have to pledge collateral to borrow a sum of up to Rs 2 lakhs. It gives mental relief to the borrowers who otherwise have to pledge property papers, jewelry, etc with traditional loan lenders.

Easy Repayment

You can pick an affordable EMI, and make a comfortable loan repayment. You don’t need to visit branches to drop the cheque; instead, you set up an ECS which makes the loan repayment quite simple!

Short term loan

The amount provided is based on your salary and it’s for short-term financial purposes. The fact that you repay it in mere 90-120 days makes it manageable and you don’t have to carry the burden or any tension for a longer period.

Updated 13-Dec-2022

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