How to get instant cash loan online? Know here the eligibility criteria and required document

The money works as an enabler. It is an essential need in everyone’s life. Sometimes we are in a situation, where we need instant cash, at that time you can get personal loan immediately. It is an unsecured loan that is multipurpose with no restrictions on the end-use of the loan. Here we are discussing with you how you can easily get an instant cash loan online. A personal loan can help you build your credit faster when compared with other forms of credit. This is because of the risk it carries due to being unsecured.

Eligibility criteria to get Personal loan immediately

  • The minimum age required to get the best bank loan in India varies from 18 years to 21 years and the maximum age varies between 60 years to 65 years old.
  • Must be having a credit score of 750, or above.
  • Must be a resident of India
  • Both salaried and self-employed can apply for a personal loan immediately
  • Must be having a stable job
  • The minimum income requirement to apply for a personal loan varies between Rs 15000- and Rs 20,000.

The documents required to apply for a personal loan immediately in India

  • Identity & Age Proof
  • Filled personal loan application with photograph
  • PAN Card
  • Residence proof - Passport driving license, Voter ID, post-paid/landline bill, utility bills (electricity/water/gas)
  • Bank statements for the last 3 months (preferably your salary account)
  • Salary Slips for last 3 months
  • Form 16 or Income Tax Returns of the last 3 years

In case, you are self-employed, you need to submit some additional documents as income proof:

  • Last 3 years Income Tax Returns with computation of Income
  • Last 3 years CA Certified / Audited Balance Sheet and Profit & Loss Account

Get instant cash for all your needs. Check your eligibility within the IndiaLends app and get instant approval in no time. Our easy application process, minimal documentation, and quick approval ensure you never miss out on life. Go ahead, make that unplanned trip with friends, or splurge on your favorite item with instant cash from IndiaLends. The personal loan interest rate starts at @10.25%.

Getting an Instant Loan is truly instant in 2022.  Simply download the IndiaLends app for your Android or iOS smartphone or start your application by login into the web portal, checking your personal loan eligibility right from your smartphone, and having your instant loan in your account in no time. 

One of the benefits associated with an online personal loan is that it is unsecured. This means you don’t need to pledge any collateral for your loan. Although this can be a reason for your interest rate, you can get a low-interest personal loan easily if you meet the eligibility requirements. Go ahead, make that unplanned trip with friends, or splurge on your favorite item. No more missing out!

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