Cash Advance Loans in India

Cash Advance Loans in India is a short-term funding done by financial institutions. This loan traditionally aligns with the credit cards. Top credit card companies enable their customers to quickly receive cash advances using their credit cards at the local ATMs. However, the only problem with such relaxed facilities is you may not even realise that debts are piling up and then end up falling into a debt trap.

You are likely to be charged a fee by the provider and even pay a fee for cash provided by your credit card company. Besides, you may have to pay interests if the money is not paid back prior the next billing cycle. Some companies charge interest on the cash advances more than the interests on regular amounts. In India, this product is easily available from lenders such as Loanbaba.

• Thus, in case you look forward to enjoying cash advances at no hidden costs, but low interest rates.
• You can consider taking a cash advance loans in India from loanbaba.com instead. Such loan suits emergency needs.
• You can get an amount of up to Rs. 50,000 or Rs. 1 lakh within just a few hours of loan approval.

What Are Cash Advance Loans?

Cash advance loans in India are unsecured loans for personal use. Below-mentioned are some of its features:

• These are short term loans and provided for tenure up to 6 months to salaried individuals only.
• You can borrow between Rs. 10 thousand and Rs. 50 thousand, and in some cases up to Rs. 1 lakh.
• A credit score of 600-650 and above is considered eligible for the loan.
• This loan service is available across India, and to avail the same, no collateral is necessary. There is no limit as to how you use the funds.

Features of Cash Advance Loans in India

Below-given are features of a cash advance loan in India:

• How This Loan Works at Loanbaba.com? A cash advance loan is available at Loanbaba for a short period. The approved amount instantly credits to your bank account. The amount of cash advance loans in India starts from Rs. 10,000, which means you can pay the same in one to up to 6 instalments.
• The tenure of the loan is between 30 days and 180 days, thus it is a short term loan.
• The loan service is similar to payday loans, the only difference being cash advances do not need single repayments on paydays.
• While dealing with an online cash advance loan provider like Loanbaba, all the transactions take place via the internet. Thus, you do not require moving to a physical location filling up long forms and waiting for lengthy approvals.
• The online forms can be filled up sitting at home, and you can track your approval status of easy cash advance loans through emails. The funds are transferred through an electronic transfer to your bank account.

How Can You Apply for Cash Advance Loans in India?

Fill the loan application form on top of this page. The form asks for a few details such as your name, monthly salary, place of residence, employer’s name, EMIs paid monthly, email id, mobile number, PAN Card number, loan amount required, tenure of loan, etc. After proving these details, click ‘Apply’.

• Loanbaba will quickly review your loan request and a customer representative will shortly get in touch with you to discuss further.
• The representative will inform if your loan application has been approved or not, and discuss the interest rate applicable and other details, along with the EMI amount till end of tenure.
• To understand the instalment amount to be paid every month, you can use our free-of-cost loan EMI calculator and get an exact idea of the financial liability.

Why Apply for Cash Advance Loans on Loanbaba?

At Loanbaba, you can apply for a cash advance loan and quick funding in no time.

• You can check all related features such as quantum of loan, amount of loan, processing fees, interest rates, and other conditions, at one page.
• You can also quickly apply for the funds on the website without having to visit our office.
• It is simple and easy, and you can upload all the required documents online.
• Disbursal is done at the soonest, and you can keep a track of your loan application on the website.

Cash Advance Loans in India Interest Rates

Cash advance loan interest rate is as low as 0.1% per day, but varies as per the credit and individual profile of the borrower. Keep a check on this page to note the updated rates. Your loan eligibility and final interest rate applicable may differ as per your income, repayment capacity, etc.

Cash Advance Loans in India FAQs

Below provided are important questions about cash advance loans in India.