Indian citizens, who reside in the country, are salaried with age of minimum 25-years, can apply for same-day loan.
You can borrow a minimum of INR 10,000 and up to INR 50,000. However, the amount approved for loan will depend in your monthly income, repayment capacity and other factors.
You must have a monthly income of at least INR 25,000. For those who are self-employed or do not draw a monthly salary can get in touch with us with their loan requirements.
If there are too many outstanding loan amount pending, huge debts, weak repayment capacity, or you cannot meet up to the eligibility criteria, then your chances of securing fast cash loan may dim.
You will need a credit score of at least 600-650 for the approval of small cash or payday loan.
The loan is approved the very day of loan application in case all necessary documents such as bank statements, salary slip, identity proofs etc are submitted.
Small cash loan is credited directly to your bank account the same day of loan application. No waiting periods involved.
For small cash loan, the tenure is up to 90 days or 3 months. You can repay anytime in this timeframe (applicable to terms & conditions). Shorter repayment tenure may apply for small amount borrowings less than INR 50,000.
The interest rate for instant cash loan is fixed and reasonable. As per amount you require and repayment tenure chosen, the rate of interest shall differ. These type of loans start at interest rate as low as 6 to 11 percent.