An instant personal loan can be taken for any purpose since there is no limitation on the end-usage of the loan amount. Be it for a wedding, a ticket purchase, a medical contingency, or anything else; you can always rely on an instant personal loan to cater to various financial preferences and needs.

The documentation process is easy, and the procedure, from registration to disbursement, takes 15 minutes or less. The application method is completely online, and after approval, the funds immediately get transferred to the user’s bank account.

A huge network of lending partners formed in the personal loan industry provides a wide variety of Personal Loans from Rs. 1000 to any amount. The loans are provided with differing terms of repayment on different platforms. Stated below are the Loan Products accessible through the same:

  • Personal Loan for Salaried Class with a ticket size ranging from Rs. 1000 to Rs. 3 lakhs.
  • Flexi Personal Loan with a ticket size ranging from Rs. 1000 to Rs. 3 lakhs.
  • Online Purchase Loans or E-Voucher Loans allow customers to buy products directly from a merchant website. The credit limit is based on the customer’s eligibility and the product price.

Instant Personal Loan Application Eligibility Criteria:

  • Any citizen residing in India above the age of 21 belonging to the salaried class or having a monthly source of income can apply for a Personal Loan through its Platform.
  • A credit score that is acceptable per the score set by the lending partners.
  • A clean and healthy repayment track record.

Documents required for getting the Instant Personal Loan:

  • PAN: Information relating to PAN is required for estimating the credit score and other financial metrics.
  • Proof of Address and Identity: Aadhaar Card Copy and masked e-Aadhaar, Passport, or Voter ID are the accepted documents.
  • Every user has to present their PAN Card along with one of the documents mentioned above as their Identity and Address Proof.
  • It is to be noted that submitting Aadhaar is not compulsory, and it is up to the user to utilize any of the alternatives listed above.

 Personal Loan Repayments:

  • The company provides flexible repayments ranging from several days to months for reimbursement of personal loans.
  • Repayments can be made through Net Banking, UPI, Debit Card, Bank Transfer, and Paytm Wallet.
  • Users can also go for the auto-debit option for facilitating automatic payments.

Reasons for choosing Personal Loans:

  • Availment of instant loan in less than 15 minutes.
  • Higher credit limit as per the credit score and history of repayment.
  • Full-fledged online procedure.
  • Easy documentation needs.
  • Flexible and convenient repayment alternatives.
  • Get loans of up to lakhs of rupees for any personal reasons.
  • No limitations on the end use of the money given as a loan.

It has become easy to facilitate the availability of immediate personal loans wherein users can avail of loans as per their needs. With a strong focus on data-centric KYC, millions of customers’ needs are catered to worldwide due to the quick and easy availability of instant personal loans.