Documents Required to apply for Easy Loan
The documents which are required to submit for a money loan are very basic and are quite accessible for most of the users. Below is the list of common documents that should be submitted irrespective of which type of personal loan app you are going for:
Salary slip: You need to be a salaried employee in an organization. You will need to submit the salary slips of your current employer. You have to submit your income proof i.e.: 3 to 6 months of salary slips to apply for personal loan app. Your company should be a registered one.
Pan card: You will need to submit your pan card to avail an easy loan and it is one of the must-haves.
Address proof: You are required to submit your address proof documents for applying for personal loans. Documents like license agreement or utility bill (bills like electricity, Gas, telephone & maintenance) for the past 3 months or passport or Ration card should be good enough.
Identity proof: You can present the passport, Aadhar card, driving license, voters ID or Pan Card for your identity proof to get an easy loan.
Benefits of Money loan:
1. You don’t have to visit any bank or branch for the application
2. The easy loan app gives an instant approval on the loan request
3. The loan amount is disbursed in your personal savings account within a few minutes of the approval
4. Apps like CASHe offer competitive interest rates on short-term loans
5. No lengthy forms are required when you apply for a money loan online
6. The process is easy and takes just 15-20 minutes
7. There is an easy repayment option via bank transfer on your due date.
Money loans are in demand due to the need for instant cash among young professionals. Individuals apply for a personal loan for medical emergencies, wedding expenses, traveling expenses, EMIs, pending dues or for buying any goods. The application process of an easy loan is quite simple and short compared to the old-fashioned bank loans. There is less paperwork involved as you don’t have to verify any asset for these unsecured loans. There is an online money loan app which provides a smooth and safe transaction for the same.
Below is the step by step process to apply for an easy loan online. These steps will guide you throughout the application.
Process to apply for Easy Loan:
Download the loan app on your smartphone via Google play store or Apple app store. Register yourself on the app by adding your basic personal information. Once you complete your profile move towards adding the loan details. You can take a money loan ranging from Rs. 9,000 to 3 lakhs from the app. The duration available for such loans is mostly 62 days to 1 year. After entering your details upload the required documents on the easy loan app itself. Submit your loan request, the app will then take some time to review it. Once your loan is approved, the loan amount will be transferred to your personal savings account.