Get Instant Cash Loans Online Without Physical Documents within a Day

Posted by Ankit Verma on September 22nd, 2021

The environment in which we live and work has been evolving on a dynamic scale, leading to a fast-paced lifestyle. This has resulted in increasing financial needs and rise of loans as a means to satisfy immediate cash requirements. Availing a personal loan from traditional lending platforms like banks or NBFCs may not be a viable option most times due to the stringent loan approval process. At such times, getting an immediate personal loan online easily helps borrowers’ tide over their financial needs.

Digitization has led to the popularity of such fast cash loans available online through innovative and credible platforms like the SimplyCash app. These instant cash loans are not only easily available but are collateral free loans, and without the need of any physical documentation, getting disbursed within 24 hours.

Let us understand the benefits of fast cash loans online without physical documents within a day:

Features of Instant Online Paperless Cash Loans

  • Fully digitized process. Right from loan application, verification, approval and disbursal, all the steps are digital on an instant loan platform. Start with registering using your mobile number and email id.
  • Paperless documentation. Documents for verification have to be uploaded online, making the whole loan approval process a paperless one.
  • Customized loan amount and tenure. After registering and document verification, a borrower gets the option to select the loan amount and tenure as per their needs and repayment capability. Rate of interest is then applied accordingly.
  • Flexible Interest Rates. Interest on instant cash loans online of SimplyCash starts at 2.08% per month, making it easier for the borrower to manage their EMIs and pay instalments regularly. Rate of interest differs from lender to lender and is also dependent on the credit score. Higher credit score entails lower rate of interest.
  • Faster loan approval process. Since there is online loan application and upload of requisite documents, the whole loan application process gets approved within minutes.
  • Loans available for Low monthly income/salary individuals. Even individuals with low monthly income or monthly salary are eligible to get instant cash loans, provided they fulfill the eligibility conditions prescribed by the instant loan platform.
  • Flexible Repayment options. Instant cash loan platforms offer flexible repayment options to borrower.
  • Quick Loan Disbursal. Instant cash loans are disbursed online without any physical documents, resulting in quick disbursal of loans within 24 hours.

Eligibility Criteria for Instant Loan Online without Physical Documents

Eligibility criteria could vary from lender to lender. The common eligibility criteria as follows:

  • Proof of Indian Citizenship
  • Age of borrower should be between 21- 58 years
  • Requirement of minimum monthly income/salary at Rs.15000
  • Six months’ bank statement showing particulars of income/salary mandatory
  • Salaried individual to be working with either private sector or public sector
  • Improved credit score
  • Clearing of all financial liabilities
  • Mandatory documents required

Proof of Identity: Aadhar Card/PAN Card/Smart Card Driving License

Proof of Income: Last 6 months of bank statement from an active bank account

Hence, with such ease of loan approval and disbursal within an hour, apply for cash loans via instant loan apps to get timely financial support during emergency situations.

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Ankit Verma

About the Author

Ankit Verma
Joined: February 8th, 2021
Articles Posted: 20

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