An instant loan online, also known as a quick personal loan or instant cash loan, provides immediate funds to individuals for personal use. It is designed to offer quick access to money, often with a simplified application and approval process.
An Now with Buddy Loan you can get an instant personal loan, which can be processed in less than 5 minutes without any extensive documentation. Instant personal loans online being at your fingertips has become even more convenient with flexible loan tenures.
Know the latest offer & get instant loan by NBFC and Bank. Explore to choose the apt loan offer, different rates available for you.
Now enjoy the exclusive instant loan interest rates provided by top NBFC mentioned in the table below:
| NBFCs | Interest Rate (p.a.) | Processing Fee |
|---|---|---|
| Muthoot Finance | 14% p.a onwards | Up to 3.5% |
| Tata Capital | 10.99% p.a onwards | Up to 2.75% |
| Bajaj Finserv | 11% p.a onwards | Up to 3.93% |
| StashFin | 11.99% p.a onwards | Up to 10% |
| Faircent | 9.99% p.a onwards | Up to 8% |
| KreditBee | Up to 29.95% p.a | Up to 6% |
| Navi Finserv | 9.9% – 45% p.a | - |
| Money Tap | 13% p.a onwards | - |
| Dhani Loans | 13.99% p.a onwards | 3% onwards |
| Money View | 15.96% p.a | Starting from 2% |
| Pay Sense | 16.80%-27.60% p.a | Up to 2.5% |
| Fibe(Early Salary) | 18%p.a onwards | 2% |
| Home Credit | 24% p.a onwards | Up to 5% |
| CASHe | 30% p.a onwards | Up to 3% or Rs 1,200 |
| HDB Financial Services | Up to 36% p.a | Up to 3% |
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Note: The above mentioned rates are subject to change with the finance market and differ marginally with the respect to the individual banks.Avail the best instant loan in India from the banks mentioned below on the table. Now choose & secure your desired loan offer according to your convenient from the table below:
| Bank | Instant Approval | Personal Loan Interest Rate | Loan Tenure | Processing Fee |
|---|---|---|---|---|
| HDFC Bank | 10 Seconds | 10.50% -21.00% p.a. | 12 – 60 months | Up to 2.5% |
| Yes Bank | 1 Minute | 10.00% p.a. onwards | 12 – 60 months | Up to 2.50% of the loan amount |
| IDFC First | 2 Minutes | 10.49% p.a. onwards | 3 – 60 months | Up to 3.5% of the loan amount |
Embark on a financial expedition but first compare! Below is a comprehensive comparison between instant loan provided by NBFCs and banks for you to make an informed choice for your financial needs.
| Factors | NBFC | Bank |
|---|---|---|
| Interest Rates | May vary, generally higher than banks | Generally lower interests than NBFCs |
| Loan Amounts | Usually offer smaller loan amounts | Often provide higher loan amounts |
| Processing Fees | Potentially higher fees and charges (Ranges from 1% to 3% of the loan amount) |
Varies but typically lower than NBFCs |
| Approval | - Faster approval process | - Comparatively lengthier process |
| Eligibility | - Flexible eligibility criteria | - More rigid eligibility criteria |
| Documentation | - Minimal documentation required | - Established reputation and trust |
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Note: The above mentioned rates are subject to change with the finance market and differ marginally with the respect to the individual banks.An Instant Loan EMI calculator(Equated Monthly Installment) helps you determine your monthly payments towards your instant loan. It takes into account the loan amount, the interest rate, and the loan tenure to calculate the EMI.
To use an instant loan EMI calculator, you only need to enter your loan amount, loan period and interest rate.
Taking your time and carefully choosing the right lenders and interest rates will help you to get the best offer for you. The table below entails the latest instant loans interest rate and charges provided by various lenders.
| Loan Amount | ₹1 Lakh to ₹50 Lakh |
|---|---|
| Interest Rates | 9.99%* p.a. onwards |
| Processing Fees | Up to 2% plus applicable taxes |
| Instant Loan EMI | Starting from ₹2,124* per Lakh for 60 months |
| Instant Loan Tenure | 12-60 months |
| Foreclosure/Pre-Payment Charges | 0%* If paid from own sources |
Unlocking financial freedom keeping your eligibility criteria in check!
Before you apply for the instant loan, please ensure that you fall under all the instant loan eligibility criteria as outlined below:
| Age | 24 years-58 years |
|---|---|
| Citizenship | Indian citizen |
| Employment | Applicant should have stable income source |
| Work Experience | 6 months - 24 months |
| Monthly Income | ₹15,000 |
To apply for an instant loan or small cash loan, you'll typically need these essential documents. Here’s a list of documents required for an instant loan.
One of the most convenient features of an instant loan is that you can avail instant cash loan in 5 minutes. However, there are many other that makes instant loan or quick loan the easiest finance solution and cover all your expenses with an instant loan.
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Before you proceed to apply for an instant loan you should ensure to check eligibility. Here’s the step-by-step process that you can follow to apply for an instant loan on Buddy Loan:
Borrowers can choose from flexible installments, lump-sum payments, and penalty-free prepayment. These options allow borrowers to customize their repayment schedule, ensuring a stress-free experience
Such easy repayment options allow borrowers to tailor their repayment schedule according to their financial situation, ensuring a smooth and stress-free loan repayment experience.
The fastest way to get your instant loan is with Buddy Loan. You can apply for a pre-approved loan and get your instant loan approved in 5 minutes.
An instant approval personal loan is a type of loan where the approval decision is provided within minutes of application submission. This type of loan aims to offer borrowers a fast and streamlined borrowing experience.
Eligibility criteria for an instant loan vary depending on the lender. Typically, borrowers need to meet certain requirements such as being of legal age, having a stable income source, a good credit history, your employment status and debt-to-income ratio.
The minimum salary requirement for an instant loan begins from 10,000 . However, it also depends on factors such as the loan amount and the borrower's creditworthiness.
Yes, you can get an instant loan without income by providing documents like identity proof, address proof and 3 months bank statements income credits.
To get an instant loan within an hour, choose a lender that offers quick processing times. Research lenders that prioritize speed and efficiency, complete their application process promptly, and provide all necessary documents accurately.
You can avail an instant loan without documents in India. However some lenders may ask for documentation like identity proof,address proof, income statements, and bank statements to assess the borrower's eligibility and creditworthiness.
You can find lenders who provide loans to individuals with low or no credit scores, but these loans may have higher interest rates or other specific requirements.
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