Get Instant Personal Loans Online without Physical Documents

Posted by Ankit Verma on March 3rd, 2022

There was a time when borrowers had to personally spare time to meet the lender and go through the loan application/verification process. Undoubtedly, it was time-consuming but this was the only available option to get personal loans. The concept of an instant personal loan without any physical documents did not exist.

Today, we live in the millennial era where a range of innovations have transformed the way we function even on a day-to-day basis. Life is much easier now with smartphones in hand, bringing a variety of useful applications to accomplish a number of tasks in just a few clicks. Whether food ordering, shopping, booking tickets, attending a meeting, or playing games, everything is possible through exciting loan apps.

Amidst 1,000 interesting apps, there are instant loan apps too that prove to be very helpful in times of emergency and shortage of funds. The best part of instant loan apps is that the loan application is hassle-free without the requirement of physical documents. The loan acquisition process is entirely digital owing to the blend of finance and technology, bringing the FinTech companies to the forefront.

Which are the prevailing loan apps that approve instant personal loans without physical documents?

Smart Coin –No paperwork and no questions asked, as borrower needs are prioritized. You can avail of personal loans from ?4,000 to ?1 Lakh with zero physical involvement of a borrower.

SimplyCash –SimplyCash by Hero FinCorp is an instant cash loan app that is hassle-free, encouraging a paperless way of document verification. With KYC details, the E-KYC verification takes place in real-time and eliminates the need for physical documents.

Cash India – A new-age financial services platform that approves instant loans from INR 2,000 to INR 25,000 with a digital set of documents – KYC documents, latest photograph, and bank account details.

India Lends – It is an online marketplace for credit products and personal loans from different banks and NBFCs. Undoubtedly, the documentation process involves no physical documents but borrowers using the app have to pay Rs.400 as documentation charges.

KreditBee – Get approved for personal, salary loans and EMIs with minimal documentation and small transaction fees. Avail personal loans starting from ? 1,000 to ? 2 Lakhs without any physical documents.

How to apply for instant personal loans without physical documents?

1. Download the quick cash loan app of your choice via Google Play Store
2. Register/Login using email id or mobile number
3. Use the EMI calculator to set the loan amount, percentage of interest, and tenure
4. Derive an EMI as per your budget, try different variations till you get the desired EMI
5. Fill in the loan application details
6. Verify the loan application with E-KYC documents
7. Wait for the verification process
8. On approval, the loan amount will get credited to the said bank account

Finally, it is quite evident that digital transformation has changed the scenario of borrowing personal loans. It is much more convenient, faster, and hassle-free via instant loan apps, approving loans instantly without any physical documentation.