Payday Loans in Thane
Payday loans in Thane are catered in the form of a small cash loan on our website. A payday loan is a small cash loan offered for a short term to an individual at a reasonable interest rate. You can borrow between Rs. 10 thousand and Rs. 50 thousand up to a period of 3 months. You need to be a salaried individual to secure the loan. The borrower in these loans usually signs a post-dated cheque for the amount borrowed plus the fee.
The lender holds the cheque and encashes it on the given date which is generally the borrower’s next payday. If you live in Mumbai, then you can get instant payday loans in Thane. The cash loan Thane acts as a temporary solution to the urgent short-term financial needs.
|Payday Loans in Thane Details
Rs. 10 thousand to Rs. 50 thousand
30 days to 90 days
0.1% per day
Some situations where Loanbaba.com can help you out with best payday loans in Thane are:
Bill payment of rent, utilities or food.
Bear unexpected expenses such as vehicle repairs or medical issues of self or any family member.
Payment of debts, financing your vacations, making significant purchases, etc.
One Can Avail Fast Money Loan in Thane Only If:
One is a regular salaried individual staying in Mumbai, Navi Mumbai or Thane
Earns at least Rs 25,000 each month
Meets the minimum age criteria
One holds an active bank account
Holds a valid ID proof and address proof
Things to Consider Before Applying for Payday Loan in Thane
Below mentioned are the important things to keep in mind before applying for payday loans Thane.
- Your Professional Status: You need to draw monthly salary since only salaried individuals are allowed to obtain payday loans Thane. The salary must reflect in your bank account. Salary handed in cash will not be considered.
- Your Repayment Capacity: Since the tenure of payday loans are short and up to only 3 months, you need to be sure about your repayment ability. Make sure you do not have too many existing financial liabilities. You will have to pay monthly instalment.
- Your Credit History: As the loan in unsecured, your credit history will be checked. A CIBIL score of 600 and above is needed to qualify for this loan. However, if you had defaulted in credit payments out of a genuine reason, then you can be still considered as a reliable candidate for the loan.
Requirements for Applying for Payday Loan in Thane
Below mentioned are the essentials about payday loans Thane.
- Eligibility Criteria: The minimum salary required is Rs. 25,000. The person must have a credit score of 600 and above. The person must be employed with the employer for a period of at least 3 months. You can use our free-of-cost small cash loan eligibility calculator to understand your eligibility for the loan. On the other hand you can also use instant payday loan EMI calculator, free-of-charge.
- Documents Required: Only minimal and basic documents requires such as identity proof and current address proof in form of Aadhar card,
PAN card details, voter ID card driver’s licence, passport, electricity bill, utility bill etc. You need to provide income proof such as salary slip, bank statements, and your credit score will be checked.
- Interest Rate: The interest rate on payday loans Thane is as low as 0.01% per day.
- Other Terms: You have to provide post-dated cheques as per repayment terms and conditions. Additional charges will be applied as decide per loan agreement, on delay in loan EMI payment
How to apply for the Online Payday loans in Thane?
- Application – Firstly, fill in the loanbaba money loan online application by clicking on small cash loan icon from the homepage of the website. Provide valid details and your source of income.
- Lending decision – when you submit the application, you will get your lending decision then and there.
- Submit documents – once your application gets approved, select the small cash loan value along with other details like income, residence etc. After choosing the required option, review and upload your documents online directly.
- Get cash – you can borrow money between Rs 10,000 to Rs 50,000 and get the same credited to your bank account on the same day.
- Repayment – the repayment of fast money loan in Mumbai include your principal amount of loan and the financial EMI charges applicable on the due date as per the loan agreement.
Payday Loans Thane FAQs
Below mentioned are the important questions above Thane payday loans.
- Can I get payday loan or small cash loan if I do not reside in Thane?
You are eligible to get payday loan only if you are a resident of Mumbai, Navi Mumbai, or Thane. Currently, we do not cater small cash loans to other parts in India.
- How soon can I get the loan amount?
You can get the loan amount in few hours or maximum within 24 hours of loan approval. If the loan application is submitted on a weekend, then the loan will be processed on the next working day.
- How much credit score is required for securing payday loans Thane?
You need a minimum credit score of 600 and above to obtain the small cash loan.