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% |
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 |
Note: The above mentioned rates are subject to change with the finance market and differ marginally with the respect to the individual banks.
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 |
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.
Get instant loan with
no hidden charges
Get instant loan under the
most convenient process.
Get loan without
pledging any collateral.
Get the most affordable interest rate
Quick access to to your loan
amount
No hidden charges
and extra penalties.
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 ---- 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.
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