Various factors determine the eligibility criteria when applying for a small cash loan. These include credit score, income, residence documents, nationality, identity proof, and the borrower's age.
Getting an instant Personal loan small personal loan proves beneficial for individuals with lower requirements. This amount might be one-fourth of their salary; hence, they can repay it without any hassles. The personal loan amount is decided based on various factors such as the customer's income and credit score.
You need to know that the loan amount may be higher if the salary is higher and lower if it is lower. Hence, a small personal loan is an amount you can borrow compared to your salary, and you can easily apply for it. When you apply for a small personal loan, you can rest assured that the loan offers you features like flexible repayments, quick approval, and more.
Apart from our small cash loan equipped with some beneficial features, you (as a customer) can choose the loan effortlessly. Here are some of them
Opt for a lower interest when you apply for a small loan. Available at a competitive interest, you ought to have a higher income and a great credit score. They make you eligible for seasonal offers.
The executives process your loan immediately after they receive the application. This is because we are associated with the creative lending mechanism.
Repaying a personal loan is easy. Pick a suitable date according to your salary or other income sources.
The documentation process is simple. You don't even need to carry original documents. However, they can be required during the physical document verification process.
Boost your credit score when you borrow and repay the cash loan regularly. Doing so helps you get an improved credit score for better financial support.
If you have complete documents and meet the eligibility criteria, you can get a small cash loan around the clock.
The steps to apply for a Instant cash loan on an Aadhar card are simple. You must refer to the ‘Apply Now’ page and enter the necessary details. Below are the required steps you need to follow when applying for a small cash loan on an Aadhar card:
1. Firstly, click on the 'Apply Now' button.
2. Fill in the necessary details in the application form.
3. Upload a soft copy of all your documents
4. Get the response from the representatives right away to get the loan approval.
5. Finally, get the disbursal.
Various factors determine the eligibility criteria when applying for a small cash loan. These include credit score, income, residence documents, nationality, identity proof, and the borrower's age.
| Factor | Eligibility Criteria |
|---|---|
| Age | The applicant must be 21 or older but no older than 65 |
| Income | The minimum monthly income should be between 35k to 40k |
| Credit Score | At least 750 or more |
| Documents Required | Aadhaar, PAN, Salary Slip, rent agreement, etc., as per the lender's requirements |
Have all your documents ready before applying for the loan. Fill in all the necessary details and submit the loan application. Don’t forget to calculate the loan amount you need. This way, it gets easier for you to apply for a small personal loan.
When applying for a personal loan, the documents to be provided include Aadhaar, PAN, Salary Slip, rent agreement, utility bills, etc.
A small cash loan is offered for a brief period. However, it depends on the salary date or chosen date of the customer. You can take one month or a maximum of 40 days to repay the loan.
Once your documents are ready and you meet the eligibility criteria, you can get the personal loan approved within minutes.
You are eligible to borrow up to one lakh at any moment. However, the loan amount will be approved based on your credit score and income.