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Considering an Emergency Loan Balance Transfer - what you should know

Considering an Emergency Loan Balance Transfer – what you should know

Very often, managing your existing emergency loan can be tough. In situations like these, it is only natural to choose options like balance transfer. After all, it’ll reduce your outstanding debts and help you manage the monthly budget more conveniently. But what does balance transfer mean and how does it work? Well, that is what we will explore over the next few sections.

What Does Balance…

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Instant Loans vs Payday Loans in India

Instant Loans vs Payday Loans in India

If you’re in need of urgent money, getting a loan from family or friends can be embarrassing sometimes. If you are salaried, you have a good number of lender options to pick from. The two most common types of loans available are unsecured loans and payday loans. Both these types of loans come with their own set of advantages and disadvantages. In this article, we look at what option would be best…

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FAQs on Instant Personal Loans in India

FAQs on Instant Personal Loans in India

Instant loans are incredibly popular for their flexible terms and borrower-friendly interest rates. But despite the convenience, some people think twice before signing the dotted line. Why? Because they aren’t confident about the instant loan approval process. So, in this article we will clarify all your doubts, leaving you with a holistic insight into the nitty-gritty of this financing option.

H…

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Avoid these things while taking an Instant Loan in India

Instant money loan, as evident from its name, is one of the simplest ways to get quick cash. But very often, your quick loan application ends up getting rejected because of some silly errors that can be easily avoided. But what are these errors and how can you avoid them? Well, that’s what we will study over the next few sections.

Late Payments

Every time you apply for a loan, your bank or lender…

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I Need Money Urgently Should I Take a Payday Loan?

Have you ever found yourself asking ‘I need money urgently, so should I get a payday loan?’ If yes, you’re reading the right article. Over the next few sections, we will offer a complete lowdown on payday loans and check how it compares against other popular options like urgent cash loans and quick cash loans.

What Is a Payday Loan?

Alternatively known as salary advance loans or salary-day loans,…

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Clear your misconceptions about credit if you’re applying for a Quick Cash Loan

If you are planning to take a quick loan,it is important to note some relevant factors. Remember, no matter how lucrative the offer is, you’d never be able to make the most of it unless you have a clear understanding of your finances. This might also result in the rejection of your loan application which  can potentially pull down your credit score. The result: your chances of getting approved…

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What should your salary be to qualify for Instant Loans in India?

When it comes to getting emergency funds, an instant loanis one of the popular choices. For the uninitiated, this is an unsecured financing option that is offered by alternative lenders and Fintechs. Banks haven’t yet extended their support for instant loans. LIke any other unsecured loan, an instant loan can be used for miscellaneous purposes. The turnaround time is significantly shorter and the…

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Banks Vs Alternative Lenders For a Personal Loan in Bangalore

If you need money urgently, unsecured loans are one of the best options. But where should you apply for this loan? Should you consider applying for a personal loan from banks? Or should you rely on the relatively new, alternative lenders instead? Which among the two is best suited for sourcing a personal loan in Bangalore? These are some of the many questions we will explore in the next few…

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How soon can you get an unsecured loan in India?

Need an unsecured loan in India? Well, you’d certainly wonder how long it takes to get one. There were times when banks were more or less the only source of unsecured credit, but those times have long left us. Getting a loan is a matter of minutes these days, thanks mainly to how technology has taken us along the way. There are new-age lenders, popularly known as Fintech lending companies that…

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Have multiple credit cards? Here is why you should consolidate your credit card debt with an Instant Cash Loan

Not falling into the debt trap is essential for your financial as well as mental well-being. It is necessary to always keep your debt levels in debt to avoid landing in prolonged periods of debt. Considering the easy and convenient availability of credit, it is easy to get approved for a personal loanor a credit card with an average credit score. If you have a credit score of 650+, you can find…

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3 Benefits of Consolidating your Debts with an Instant Cash Loan

If you currently have debt from multiple sources, you might want to consider taking out an instant loanto consolidate your debt, as this often works like a charm when you’re paying off debts from multiple sources. If you have multiple sources of debt currently, you’d be surprised to see the amount of interest you’d be paying. The problem with having multiple sources of debt is that you could end…

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Do you need a guarantor for an immediate cash loan in India?

A guarantor is a person who guarantees your loan repayment to the lender, and is typically required to honour the loan agreement if the primary borrower defaults. A default is a period of non-payment exceeding 30 days, and is taken quite seriously in the credit world. Besides preventing an individual from getting access to new or fresh credit, a default also entails legal consequences including…

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How Technology has Given Rise to Instant Personal Loans in India

If you’re thinking of borrowing money in India, you’d have definitely heard of instant loansfrom Fintech lending companies, if unsecured loans is what you’re looking at. These loans are delivered in a super-quick fashion to beneficiary bank accounts, after initial approval which is generated instantly after studying your credit profile. Typically, this is how it works: when you apply for an…

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3 Ways to Get Easily Approved for Instant Personal Loans in India

Want to get easily and instantly approved for instant personal loans in India? Well, here are 3 proven ways that will help you get approved instantly, and get your amount disbursed to your bank account in absolutely no time.

Make sure you make regular and timely payments on your loans and credit cards: well, first and foremost, if you want to get approved easily and instantly for an instant loan…

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Quick loans paving the way for faster credit penetration in India

India’s credit penetration index wasn’t as high as it was a couple of years ago, and has particularly risen quite drastically in the last one year after the emergence of smart lending in the Indian market. Fintech lending companies started offering instant personal loansto salaried individuals about 2 years ago, and the credit landscape in the country has seen a paradigm shift ever since. These…

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What would happen if you default on an instant loan payment?

When you take out an instant loanfrom a Fintech lending company, you’re required to make monthly repayments towards your loan. Your repayments will include the initial loan principal that you borrowed, and the interest component. Repayments need to be made for a tenure usually starting from 1 year, stretching up to a maximum period of 5 years. When you fail to make your monthly repayment towards…

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Instant Personal Loans paving the way for paperless credit in India

Paperless credit wasn’t as popular a few years ago as it is now. Demonetisation initially paved the way for cashless transactions in an economy where cash was still a prominent vehicle to carry out transactions. Instant personal loansare paperless credit products offered by select Fintech lending companies in India. These companies have used technology to create a paperless credit model centered…

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