Not comfortable borrowing money from friends and family? But need urgent assistance of funds for certain small personal emergencies. Who will give you such small amounts of loans when in need? Banks do not provide short term instant cash loans, but you check best personal loan app. They do! Such is a platform, named InstaMoney, an instant personal loan platform which provides instant cash loans ranging from Rs. 5,000 to Rs. 10,000 for the tenure of 3 months to 5 months. The interest rate ranges from 24% to 33% per annum. One can avail instant cash loans for various purposes such as medical emergency, credit card payment, debt consolidation, education, advance salary etc. All salaried individuals with a salary of Rs. 12,000 and above can avail loan on InstaMoney platform.
Listed below are the 4 advantages of using an instant personal loan to meet emergencies
- Online Application Process with Social Sign Up
It’s very simple since there is no paperwork involved. The application process is 100% online. No need to wait in the long queues and waste your time now to avail loans.
Now, with a one-touch social sign up for instant access. Connect your social media accounts – Login faster by connecting social media accounts with one touch. The users can now sign-up using Facebook or Google accounts which reduces overall application time.
- Minimal Documentation
Unlike traditional banks, here you’re only required to upload 4 Documents while availing for the loan –
1. Click a Selfie and Upload
2. PAN card
3. Aadhaar Card/Address ID proof
4. Bank statement
- Instant Approval & Quick Disbursement
Post uploading the documents and the personal loan application, you’ll be notified of your approval status within 10 mins. Sometimes, it is real-time as well! And, the disbursement amount takes place within 10mins to 2 hours after the loan approval. The loan amount is transferred to your bank account.
- Flexible repayment tenure
Instant loan platforms do not charge prepayment charges you’re only supposed to pay interest on the amount used. Now, pay off the loan in a convenient manner, yes? That’s exactly where quick loans help you.