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Instant Personal Loans, Now in Just 15 Minutes By uday kumar

  in Business | Published 2018-09-07 09:30:43 | 68 Reads | Unrated

Summary

Emergencies are what make you realize the true value of things, such as people, your time, your life and money. When you’re in dire need of money to fade off an emergency that has take over your current situation, you will go to meet all ends, to evade off the problem. But the bigger problem arise s when you cannot go as far, because you don’t have the financial means to do so. It is in such times that you most need someone to just lend you money. But asking relatives or friends seems odd at that moment, maybe you cannot justify the reason for borrowing the money from them. The only thing that will come to your rescue then is an instant personal loans. These loans allow you to borrow money from banks or from lender in less than 15 minutes. They understand the true needs of an emergency, and allow you to borrow that particular sum of money.

Full Content

 

Emergencies are what make you realize the true value of things, such as people, your time, your life and money. When you’re in dire need of money to fade off an emergency that has take over your current situation, you will go to meet all ends, to evade off the problem. But the bigger problem arises when you cannot go as far, because you don’t have the financial means to do so. It is in such times that you most need someone to just lend you money. But asking relatives or friends seems odd at that moment, maybe you cannot justify the reason for borrowing the money

from them. The only thing that will come to your rescue then is an instant personal loans. These loans allow you to borrow money from banks or from lender in less than 15 minutes. They understand the true needs of an emergency, and allow you to borrow that particular sum of money.

 

When one says that a bank can lend that money to you, you don’t really need to visit the bank, stand in long queues or fill out large forms, to get approval for your loans. All you need to do is download an app, and do it all while you’re at work, or are at home, and can get the loan accepted. Data pull is a boon and a Bain for this technologically driven world. These apps can pull out your personal data like PAN Number, bank transactions and CIBIL scores, from the internet, which does save you the time of remembering it, but also sort of makes you more vulnerable, with all your information so easy to be tracked. These type of transactions are fast paced, and hence people may assume that they take advantage of the person’s needs and may charge a really high rate of interest, or a very high EMI rate. But that is not the case. The consumer profile, with good CIBIL scores are directly only shown lenders who have options of really low interest rates, and save you from wasting your time visiting various profiles of different lenders on various different websites.

 

There is a huge pool of lenders and each lender has their own set of criteria that you have to match for your loan to be approved by them. Most customers forget this, and apply for the same amount to many different lenders, and this increases the number of hard enquires on the consumers profile, reducing the CIBIL score, and becomes a tedious task for the consumer and the lender. Some apps give you the chance to apply once, and you are automatically shown the lender that matches your needs and whose criteria you match, reducing the confusion. Calling it an instant loan and having human intervention in giving you results, makes the point of the name of the loan redundant. And hence having automated loan approvals, reduces the time, and makes the loan actually be approved as the name says, instantly. Loans are hence approved in 15 minutes and you can get your money and wade off your emergency in no time, just make sure all your documents are fine, and your KYC is signed.

 

You  need a platform that assists you in taking credit decisions and choose for you the right lenders, and allows you to even asses the amount you can and need to borrow based on your needs and documents. With online presence, lenders and borrowers find it easier to create credit profiles and have technology do the work of find the right match of lenders and consumers, making the process of an instant personal loan, a far more easy and helpful process in both cases. Eligibility is check in under 2 minutes, and you can for yourself also check if you’re eligible with the eligibility calculator, that some apps offer.

The loan amount can vary between 25 thousand to 25 lakhs and based on your eligibility it can be approved in no time. There are no set tenures to clear off the loan amount, you can set the tenure based on your repayment plans and lenders can be accommodating as well. Tenures can range between 1-5 years even. You always have the option to more again and even borrow more, using the same or even different lenders.

 

The eligibility criteria for instant loans, is similar to personal loans only, because both are the product of loans without collaterals. You need a whole set of documents before the loan is approved, so make sure to have a photo identity, an address proof, income proof, salary slips, or a business proof, whichever is applicable to your case. Each must have you current residential address, and must collide with the information provided at your bank, for even those statements, and you ITR will be checked.

 

With so much to do for the approval of one loan, you may of course wonder how so many number of things are possible in just 15 minutes, but you won’t be able to believe it, unitil you try it for yourself, so check the KreditBee app for such options, and you will know how it s all not just written about, but something that is actually possible. If such loans can help you combat your difficult times, and provide to you the flexibility of repayment, you shouldn’t think so much before opting for one such loan, and gain benefits for even owning some gadgets in the same way.

 

Author Bio: Chandini Hemdev is a published author of two books, a budding wedding planner, who has been writing for various magazines, newspapers, books and websites for the past 5 years. She currently writes for KreditBee, a popular Fintech platform.

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