How to get an urgent loan online in India?

Posted by Ankit Verma on November 17th, 2021

In India, over the years technology has taken over the traditional method of availing loans. Visiting financial institutions and NBFCs is a distant idea. With the hectic lifestyle hustle-bustle and crowded urban life, the existence of physical banking is diminishing because urgent loans online are user-friendly and convenient from the comfort of your home.

Instant loan online has become very popular due to their flexibility and quick approval. The majority of people prefer borrowing funds from online insta loan apps. Online instant loans are personal loans that can be used for various purposes when urgent finance is required. 

When is an urgent loan online required the most?

When there is an urgent marriage, a sudden travel plan or an emergency in the family, you may need instant finances. However, if there is a shortage of money, there is no need to restrict your desires. Go for an instant loan online without any hassles. 

Numerous financial institutions and NBFCs have facilitated instant loan facilities with personal loan apps and official websites for quick approval on the same day. In addition, the simple eligibility criteria and personal loan eligibility calculator makes online instant loans accessible just in time.

What is a personal loan eligibility calculator?

Before applying for an immediate personal loan online, you need to go through the eligibility test by calculating your worthiness for the required loan. For this, you need to enter your date of birth, monthly income, location and other monthly expenses. Next, the calculator evaluates your eligibility as per the entered parameters. After the estimation is completed, the calculator displays the loan amount you are eligible for on the website or the loan app.

Eligibility criteria to get an urgent loan online in India?

The eligibility criteria required for an urgent loan are kept very basic to get the loan instantly. Below mentioned are the eligibility criteria to get an urgent loan online in India:

• You should be in an age group between 21-58 years.
• Your monthly income should be Rs.15000.
• You should be a resident of India.
• A good credit score is your USP to acquire a loan instantly, though some lenders may not ask for your credit score if you are a first-time borrower.

What are the documents needed for an urgent loan online in India?

When it comes to documentation for instant loans online, it will relieve you with a completely paperless procedure. The documents required are minimal and hassle-free, as mentioned below:

Identity proof – Aadhar card and PAN card are mandatory documents for E-KYC verification to get an urgent loan approved.

Income proof – Produce last six months’ bank statement for clarity on monthly income

How to apply for an urgent loan online in India?

To get an urgent loan online, you need to download an instant loan app from Google Play Store. SimplyCash easy personal loan app is ideal for all your urgent financial needs, offering immediate loans from Rs.50,000 – Rs.1,50,000 without any collateral. Moreover, the loan amount gets disbursed in a single day after the verification process gets authenticated.

SimplyCash is an instant personal loan app launched by Hero FinCorp and provides various urgent loans online. It allows you to calculate your loan amount, flexible tenure and EMI as per your repayment capacity with the help of the loan EMI calculator. The calculator clearly shows how much EMI you can repay within the given tenure of 6-24 months when applying for an urgent loan online in India.