Do you wanted to send your daughter or son for higher education, but are facing the shortage of funds? You are not alone! Many people want to cover many needs in life but a lack of money work as a deterrent.
You don’t have to worry as the facility of the instant personal loan is here to help you cherish all your financial needs. If you are unaware of the features of the instant personal loan online, eligibility, application and more, then this article is for you.
Instant personal loan online facility – Features and benefits
Have a look at some features and benefits of applying for the online loan in India.
1) Borrow up to Rs.25 lakh
Your goals need not wait due to the availability of the lower amount of loan. Applying for the instant personal loan online facility can let you borrow as high as Rs.25 lakh. This way, you can meet your diverse needs.
2) Avail instant online approval
You can apply for the personal loan online and get the application approved in just 5 minutes.
3) Get money disbursed within 24 hours
After you have received the online loan in India approval, you can get the desired money in your bank account within 24 hours. As a result, you can use the money instantly as per your needs.
4) Wider tenor
You don’t have to stress about the personal loan repayment as leading lenders let you repay the loan in EMIs within 12 months and 60 months.
5) Online account management
You can track your entire loan details online by accessing the digital customer portals of your lender. This way, you can access all details right from anywhere and 24/7.
Online personal loan eligibility and documents
You will need to prove your eligibility and furnish some documents to become eligible for the loan. Have a look:
- You should be an Indian citizen
- Your age should be under 21-58 years
- You should be a salaried individual working for an MNC, public or private company
- You need to have strong CIBIL Score of at least 700+
- You need to be earning money as per the limit set for all cities as per the terms and conditions of the lenders
You need to submit KYC documents
- Employee ID card
- Last 2/3 months’ Salary Slips
- Bank account statements of the salary account for the last 3 months
How to apply for instant personal loan online?
Applying for the online loan in India is easy. All that you need to follow are some easy methods such as:
Go to your lender’s website, and fill in your personal, financial and employment credentials
Opt for the desired instant personal loan online facility and the tenor that you need. Once done, you can go ahead to receive an online personal loan approval within minutes.
Submit/furnish the required personal loan documents with the lender’s representative, who will contact you.
You will now get the information about the successful document verification. You would then receive the required loan money in your provided bank accounts within 24 hours.
Some of the key elements of the instant personal loan online facility are now revealed. If you are ready to apply for the personal loan, you can do that online now.