What is a Small Cash Loan?
Small Cash Loan or Instant Personal Loan is a financial product offered
Loanbaba. It is an unsecured short-term personal loan, where you as a borrower can avail
amount between Rs. 10,000 and Rs. 1,00,000 (Rs. One Lakh). This loan facility is only
for salaried individuals. It is a multipurpose loan, and you can use the funds for
as medical emergency, home repair, travel trip, an important festive event, fees for an
educational course, purchase of a gadget, and many more. Thus, a small cash
perfect solution to meet all your unexpected expenses and urgent cash needs.
NOTE: Loanbaba is a direct lender of this product. Currently,
Cash Loan/Instant Personal Loan is available in Mumbai, Pune, Delhi, Gurgaon, Noida,
Chennai, Hyderabad, Kolkata, Jaipur, Indore amongst other major cities.
You can simply visit loanbaba.com and apply for Instant Small
Cash Loan online.
Need Rs. 50000 Urgently? Follow the Below-mentioned Steps:
Do you need immediate cash loan of Rs. 50,000 in as less as 24 hours? If so, then a small
cash loan is the suitable option. It is one of the best immediate cash loans in India
for salaried individuals, who need a short-term loan for emergency expenses. So, next
time when you wonder – I need 50000 rupees loan urgently, do not worry, simply visit
Loanbaba app or website and apply for instant cash loan, and get funds credited to bank
account in a day.
Many financial institutions do not offer loan facilities on weekends, but we provide
instant cash loan 24/7 in India, except on the non-banking weekend days. Here is what
you need to do to avail Rs. 50,000 loan.
Make sure to keep soft copies of required documents ready when making a loan
application, as the loan procedure is completely paperless.
You have to upload the soft copy of documents with the application, so that we can
verify your details and smoothly process the loan.
You can apply for a loan online anytime of the day.
Our executive will check your loan application and contact you as soon as possible
to discuss further details.
If you qualify for the loan, the funds are quickly transferred without further ado. Once
you successfully close the loan, you can reapply for a new small cash loan, we will be
happy to help.
What Are the Various Types of Small Cash Loan?
The following are the variations and types of a small cash loan:
1. Instant Personal Loan: An instant personal loan is the most common variation of
a small cash loan. It is an unsecured loan for multi-purpose needs, and can be used for
personal expenses such as home repairs, medical emergencies, school fees of children,
etc. Do note that an instant personal loan is different than a traditional personal
Though both can be used for any purpose, a personal loan starts from Rs. 1 lakhs, takes
at least 48 hours for disbursal, available at banks and NBFCs and not Loanbaba. However,
you can apply for a personal loan with top banks and NBFCs in India on our website.
2. Mini Cash Loans: A mini cash loan dubs as a small cash loan because the loan amount is small and taken over a
short-tenure (up to 6 months). You can borrow as less as Rs. 10,000 to Rs. 50,000. It is
a pocket-sized loan that you can avail online on our website without having to step out
of your home.
You can also download our mobile
app and apply for the loan. A credit score of 600+ is preferred to qualify for
the loan. However, a CIBIL score of 550+ will be considered if there are no over-dues.
3. Instant Cash Loan: An instant
cash loan is a type of small cash loan which is popular among millennial
because of its swift disbursal process. Once you link your bank account to your user
profile and the loan is approved, the funds get credited to bank account, instantly.
The funds will reach you in less than 24 hours. Sometimes, there can be a delay by a day
or so, if you apply for the loan on a non-business day. The funds are then disbursed the
next working day.
4. Payday Loan: Monetary woes may come unannounced, even at the end of the month,
a time when many are low on funds having paid the bills, EMIs, insurance premiums, etc.
But what if the financial situation at hand cannot wait for your payday to arrive? Where
would you get the funds from then?
In such a case you can take a payday
loan (small cash loan) to replenish your bank account with cash for
emergencies. Basically, this loan is synonymous to salary in advance, and thus the name
– payday loan.
5. Same Day Loan:A same day loan gets disbursed the same day of the loan
application/approval. Sometimes, the funds get disbursed within as less as 2 hours, and
you may not even have to wait for 24 hours. Remember that if you apply for the loan
outside the banking hours, the amount will be credited the next day.
If you are an existing customer at Loanbaba, you can get this small cash loan faster.
This is because we maintain a record of submitted documents. So you do not have to
resubmit any document, apart from the latest bank statement and salary proof.
6. Fast Cash Loan:A fast
cash loan is a small cash loan variation and is known for a speedy
disbursal in just a few hours. This loan product is ideal for those who are in immediate
need of cash. From filling the loan application form, upload required documents, getting
approval on the loan, and the funds, everything happens at a fast pace.
It takes only 2 minutes to apply for a loan online. If all the documents, proofs are in
place, and you are eligible for the loan, the funds are provided without delays.
7. Emergency Cash Loan:You may have a financial plan for a month, with funds
allocated for regular expenses and liabilities. But what if you encounter a financial
contingency and have insufficient bank balance to handle this requirement? In such
emergency situations, you can opt for a small cash loan or an emergency
cash loan and find a quick solution to monetary woes.
An emergency situation can be of any kind, such as hospitalization, car repair, unplanned
travel, etc. Since an emergency loan is multi-purpose, you can use the funds to take
care of any urgency, no questions asked!
8. Quick Cash Loan:Loanbaba disburses a quick cash
loan in just a few hours. It is a type of a small cash loan, which
acts as a ‘quick’ fix to financial problems. The quick loan process is because of
minimal documentation, easy eligibility criteria, and availability of loan application
feature online on our website and app.
There is no waiting period involved to get the funds, unlike traditional loans, which
consume at least 2 to 3 days for approval and disbursal. Once a quick cash loan is
approved, the fund is electronically transferred to your bank account in a jiffy.
NOTE: All these Loans are basically the same product, with Loan amount being less
than Rs. 1 Lakh & tenure being less than 1 year and are disbursed within a Day.
Advantages of a Mini Cash Loan
The Online Mini Cash Loan service in India more or less organized the overall lending and borrowing practices. Digitized transactions give clarity to the borrowers and lenders cannot take undue advantage of first-time borrowers. People may have been conditioned in the traditional lending scheme but moving online will surely serve as a huge boon owing to the numerous advantages.Mini cash loan is an ideal tool for your needs when one is in urgent need of money and has things to take care of, immediately.
An urgent requirement of funds is no more a calamity where you have to ask your colleagues and friends putting you in an embarrassing position. Loanbaba’s customer-friendly policies for mini cash loan ensure loan applicants have a smooth experience when they are in need.
- Responsive: Our executives are trained to take you through the entire procedure of lending and returning the amount. We are available for you during office hours and will be happy to assist in every way possible
- Instant Approval: We understand the importance of the time factor when it comes to monetary need and act with a sense of urgency for all our applicants.
- Repeat Customers: Lenders who have already borrowed once enjoy instant disbursal facility with us. Such borrowers can avail cash on the same day of application.
- Credibility: A trust-worthy partner to all clients who are in need of funds. You can rest assured that all your details are confidential with us and shall not be used for any other purpose.
- Minimal Paperwork: Our environment is sympathetic to a loan applicant’s distress and provide hand-holding to all customers equally, irrespective of their credit background.
Mini cash loan is an ideal tool when in urgent need of funds as it lets you take care of things immediately. Repaying the amount in timely installments ensures that there isn't too much load on the wallet. Going for such a loan makes for a better financial decision rather than disturbing your funds invested in an SIP or a Flexible Deposit.
|Small Cash Loan/Instant Personal Loan
||Rs. 10,000 to Rs. 1,00,000 (Rs. 1 Lakh)
||30 days to 180 days
||0.1% to 0.33% per day
Things to Consider before You apply for Small Cash
Before applying online for small cash loan on our website, please consider the following
Salaried Individuals are eligible for the loan.
should be via A/c Transfer or Cheque. Cash Salary is not acceptable.
EMI method of monthly instalment.
score /CIBIL score for free through our website.
borrowed (between Rs. 10,000 and Rs. 1,00,000), will depend on many factors such as
income, repayment capacity, credit history, etc. Get your
will be mentioned in loan agreement.
is currently available in all the major cities, including Mumbai, Pune, Delhi,
Noida, Bangalore, Chennai, Hyderabad, Kolkata, Jaipur, Indore.
done via NEFT or post-dated cheques (as per repayment cycle), submitted to Loanbaba.
checks and documents are mandatory. Like other loan applications online, you will
KYC verification, income proof, employment proof, identity proof etc.
Why Choose Loanbaba to Avail a Small Cash Loan?
Usually you may ask a family member or a friend to lend cash when in dire financial
However, with Loanbaba, Small Cash Loan is available on the fingertips, and you do not
get into the hassles of opting for soft loans or depending on peers for any monetary
With Loanbaba there is complete transparency, no hidden charges, and an assured loan
few hours if you meet the loan eligibility criteria.
It takes less than 2 minutes to apply for the loan and submit basic KYC documents. As
a direct lender in this case, you do not have to wait endlessly for approval of funds.
So, why should you choose Loanbaba?
- Instant Sanction
- Minimal Documentation
- Fast Disbursal
- Easy repayment structure
- No Prepayment charges
- No Foreclosure charges
- Transparent process
- Completely online process
- Top notch customer support
Benefits of a Small Cash Loan
The benefits of an instant loan include:
loan, a small cash loan can meet any of your financial requirement. We do not impose
restriction on end use of the funds.
low TAT (Turn-Around-Time), you can get urgent funds in times of insufficient cash
without having to wait for days to get funds.
CIBIL/Credit Score is less than 600, we take a call on the genuine cases, and you
eligible for a loan.
product as a Credit score building mechanism. We offer credit improvement
suggest how to make best use of the product.
Small Cash Loan Eligibility Requirements
Below listed are the small cash loan eligibility requirements.
You should be at least 23 years of age and a salaried individual to apply for this
loan. You should also draw a regular monthly salary.
Minimum net monthly salary should be at least Rs. 25,000. The salary must get
credited to your bank account. Cash salary is not acceptable.
You need to furnish income proof, such as salary slips, and bank account statement
reflecting the drawn salary.
You should submit KYC documents (ID Proof, Address Proof, PAN card)
Minimum credit score should be 600+.
Documents Needed for Small Cash Loan
Below mentioned are the documents to apply for a small cash loan online:
3 Months Salary Slip
6 Months Bank Statement
ID Proof, PAN Card, Address Proof, Recent Passport-Sized Photographs
Small Cash Loan Interest Rates
The interest rate will vary as per the customer profile and his/her credit history. The
small cash loan interest rate can be as low as 0.1% per day up to 0.33%. There could be
many factors that affect the rate of interest for a small cash loan, like your income,
existing financial liabilities, and more.
How to Apply for a Small Cash Loan?
Below are the steps to apply for the loan.
can directly apply for the loan on the homepage of Loanbaba, by clicking the ‘Small
Loan’ icon, and providing the necessary details. Your loan application will be
shortly and you will be intimated about the loan application status. On loan
will receive the loan amount instantly in your bank account.
required to link your social media profiles and bank account so that we can process
is available. You can get in touch with the credit management team for any loan
the toll free number, SMS, email, or by giving a missed call.
re-apply for this loan after successfully closing the previous small cash loan
Frequently Asked Questions About Small Cash Loan
Given below are some of the important questions you may have about Loanbaba small cash
Yes, you need to be currently employed and drawing a regular monthly
salary should reflect in your bank account. To qualify for the loan, you
employed with the current employer for at least 2 months.
Yes, we access your credit report/score when you apply for a small cash
Minimum CIBIL score needed is 600+. A lower score can be considered to
loan in case your repayment capacity is strong.
You can upload the soft copy of the documents when making the loan
You do not have to send us a hard copy of any document. Alternatively,
also email the documents at scl[at]loanbaba[dot]com
Lending decision is taken within minutes of receiving your small cash
application. If you apply on Loanbaba on it’s non-working weekends, the
application is then processed the next working day. Funds are typically
disbursed within 2 hours to 24 hours of the loan approval.
You will be charged an addition of Rs. 100 per day, as late payment
Cheque bounce charges may apply. Try not to default at loan payments,
will affect your credit score and weaken the chances of securing credit
future from any financial institution and bank.
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