What makes a Personal Loan the go-to solution for Instant Finance
It could be an impromptu gift for your loved one, forgotten insurance payment or booking a vacation. Wondering how will you manage the expenses? we have got you covered. One can take a short instant personal loan to fulfil your immediate financial requirements.
To understand why this instant personal loan is such a handy tool to manage your requirements, read on:
1. Achieve Financial independence/ goal:
Nowadays personal loans are popular as it gives you easy access to a sizeable amount of money that you can use to meet any goal. For instance, CASHe offers an instant personal loan of up to Rs. 3 lakh. This can come handy when you need to want to shop for the latest iPhone or renovate and redecorate your house.
2. Apply without any collateral or credit score:
Pledging collateral for an instant personal loan seems a risky option. Luckily, collateral is not required to avail a personal loan. “How do I rate someone as good or bad without having their credit information? I need other proxies. My other proxies are primarily their mobile usage, number of contacts on their phones, kind of apps they use, frequency of using eCommerce website, etc. All this is done by a complex algorithm that evaluates about a hundred data points, judging your interaction with your community,” informs V Raman Kumar, founder of CASHe.
3. Hassle-free loan quickly with easy documentation and eligibility:
Having a long list of documents for a loan requirement seems like medieval. There are no long lists for documents that you need. All you need is your basic KYC documents which are readily available like your address proof, identity proof, and income proof. There is no physical validation required. No one is checking documents or taking the borrower’s signature, and the whole process is completed online.
4. Flexible tenure for loan repayment:
Normally, personal loans come with a tenure of 6 months, but you can choose a tenure that fits your requirements. You have to remember to strike the balance between your earnings, affordable EMI’s and low total interest paid. Short tenure means less interest and a long tenure makes the EMI’s affordable.
5. Quick approval and instant disbursement of the loan amount to your account:
Technology has made it easier for borrowers to connect with the lenders online and get access to the loan amount within 24 hours.
If you are looking for an instant personal loan. opt for the best. CASHe is popular among young salaried individuals between 24 to 34 years old. CASHe is an easy to use platform for the millennials to get an instant personal loan in minutes. It ensures that the cash is transferred directly to your bank account under 8 minutes.
Apply for an instant personal loan via the CASHe app on your mobile phone without going through the hassle of talking to a bank representative, submitting copies of your documents or even a signature.