In the current scenario, a personal loan or instant loan has become an essential aspect for most salaried and self-employed individuals in India. With an increase in the day-to-day expenses, the earnings of salaried and self-employed individuals often fall short when an emergency arises.
This is when an instant loan app can be availed to either accomplish your goals or meet emergency expenses. If you're wondering how to get instant approval for 150000 loan, for example, during a financial loss in business, taking an instant loan can be useful at this juncture to set a financial balance and save the business from sinking. An instant personal loan is a lifesaver in multiple situations. Several instant loan apps are readily available on Google Play Store on your android phone. A series of instant cash loan apps are available, and explore some - HeroFinCorp, MoneyTap, mPokket, Indiabulls Dhani, Cashbean, and many more.
Several instant loan apps are readily available on Google Play Store on your android phone. A series of instant cash loan apps are available, and explore some - HeroFinCorp, MoneyTap, mPokket, Indiabulls Dhani, Cashbean, and many more. The one that offers an affordable rate on simple eligibility criteria and minimum documentation with seamless features and benefits can be considered the best loan app for self-employed individuals.
Instant loan is an unsecured type as there is no security involved against the loan, unlike a secured loan, which requires pledging your asset like gold or property against the loan.
A tenure of 12-60 months is applicable to repay the instant loan without delay. In addition, you get the chance to customize your EMI using the loan EMI calculator for an accurate evaluation of instalments.
Instant loan is a short-term loan designed explicitly for a speedy real-time approval loan once you have met the lender's eligibility criteria.
Instant personal loan ensures an instant disbursal within a business day. Direct disbursal is initiated in the borrower’s bank account.
Documents are an essential feature for getting a loan. Paperless documentation is a gift for self-employed and salaried individuals while applying for an instant loan. The paperless documents include the Aadhar card and PAN card as mandatory documents for verifying identity proof and address proof.
Instant personal loan is an entirely digital platform, thus just a click away from your smartphone. You can apply for an instant loan anytime without visiting offline financial institutions and NBFCs. When looking for the best instant loan app, you can easily find several options that allow you to get approval within minutes. These apps are designed for quick access to funds and offer a seamless application process, making them ideal for emergencies.
Instant loan offers affordable interest rates for self-employed people based on their credit history. Suppose the individual has managed the existing loan sensibly and has a good relationship with the lender. As a result, the borrower may be offered an attractive interest rate with a pre-approved instant personal loan, ensuring that your financial burden does not get too high.
To get an instant loan for self-employed individuals, you must first meet the lender's requirement, which is as under:
HeroFinCorp is one of the best instant cash loan apps for salaried and self-employed individuals launched by Hero FinCorp. It offers a loan amount of up to Rs.3 lakh at an attractive interest rate of 25%* per annum. Self-employed individuals can utilize instant loans in the best possible way to sustain business growth and stability.
Hero Fincorp offers a wide range of financial products including Personal Loans for personal needs, Business Loans to support business growth, Used Car Loans for purchasing pre-owned vehicles, Two-Wheeler Loans for bike financing, and Loan Against Property for leveraging real estate assets. We provide tailored solutions with quick processing, minimal paperwork, and flexible repayment options for smooth and convenient borrowing experience.