Instant Loan App

Once in a while, everybody finds themselves in a situation where they need instant money. Asking for a small amount from friends and family seems okay but asking for a huge amount might not be feasible. Banks usually have a very lengthy process which is time-consuming and getting a quick personal loan from banks is next to impossible.

The personal loan scenario is now changing in India. There are many instant loan apps present in the market. These loan apps will give you an instant loan with much lesser paperwork. The process is quite simple and you don’t have to visit any bank or branch to apply for it.
People apply for a personal loan on the instant loan app for various reasons like medical emergencies, unpaid installments, travel expenses, home or car repair expenses, buying a new phone, or any other large asset. You are eligible to take a personal loan as per your wish.

How Does Instant Loan App Work?

Ever wonder what is an instant loan and how these instant loan apps work? These are nothing but app-only loans which you can avail of by downloading them from the Google play store or Apple app store on your smartphone. You can register yourself on the app via your social media logins. Enter your basic details like name, number, address, and bank account to complete your portfolio. You can then enter your loan amount. It ranges from Rs. 9,000 to Rs. 3 lakhs. The duration of the loan can be 62 days to 1.5 years. You need to submit the required documents from your smartphone. The instant loan app will then review your request. You can check your loan status on the app. Once the loan is approved the amount is transferred to your personal savings account within a few minutes.

Documents required:

The documentation for an instant loan application involves basic identity proofs, address proofs, and income proofs. Below listed documents are required

1. “Identity Proofs” – Pan Card, Aadhar Card, Passport, Driving license
2. “Address Proofs” – Utility Bills, Rental Agreement
3. “Income Proofs” – For income proof, you have to submit your 3 to 6 months’ salary slips of a registered employer. Your bank statement with salary credited for the last 6 months will be required too.

Eligibility to apply for a loan on the Instant loan app:

You have to be between 23 years to 58 years old to be eligible to apply for a personal loan via the app. You have to be a resident of India, working with a registered company.

Benefits of the Instant loan app:

1. Less paperwork involved compared to the traditional institutions
2. The process is speedy. You can get a loan on the same day of application
3. You don’t have to submit documents physically
4. The entire loan process takes 15 to 20 minutes
5. As these are unsecured loans you don’t have to showcase any asset
6. The loan amount is quickly disbursed in your personal saving account
7. The interest rates offered are quite low

Repayment of loan:

On the due date, you can repay the instant loan app via bank transfer. The app will send you alerts once the due date is near.

Frequently Asked Questions —

An instant loan app is a mobile app that helps you get a loan quickly. You do not need to go to a bank or fill out a lot of forms. With the CASHe quick loan app, you can avail loans of up to 3 lakh in minutes. Just download the app, fill in required information, upload KYC documents, and you are good to receive money into your bank account. You can use this loan amount for medical emergencies, shopping, travel, home renovation, marriage, etc.

The eligibility criteria for a CASHe instant loan include:
1. You must be an Indian citizen.
2. Aged between 21 and 55 years old.
3. Must have an active bank account.
4. Must have a valid ID proof like an Aadhaar card.
5. Earn a minimum monthly income of ₹40,000.

The major benefits of availing a loan with the best instant loan app include:
1. Flexible loan amount between ₹45,000 and ₹3 lakh
2. 100% digital process
3. Quick loan approval in minutes
4. No collateral required
5. Competitive interest rates
6. Zero hidden costs
7. Flexible repayment tenure of up to 18 months

Here are a few simple documents you need for the application on the CASHe instant loan app:
1. PAN Card
2. Identity Proof (Aadhaar Card, Passport, Voter ID)
3. Address Proof (Utility Bill, Driving Licence, etc.)
4. 3-month Bank Statements (Showing salary credit)
5. A recent selfie

With CASHe, you can borrow amounts ranging between ₹45,000 and ₹3,00,000. However, it depends on your income and credit profile.

CASHe, the best loan app, provides competitive interest rates, and hence, the instant loan interest rate starts at 2.79% (on a reducing balance) per month. The total repayment tenure you can avail for your loan is 18 months.

Here are the steps you need to follow to avail an instant loan with CASHe:
Step 1: Download the CASHe app from the Google Playstore or App Store.
Step 2: Now, you need to sign up and create your account.
Step 3: Once your account is created, upload the KYC documents.
Step 4: Choose your required loan amount and preferred repayment tenure.
Step 5: Submit the loan application and wait for approval.
Step 6: Receive the money into your bank account in minutes.

Once your CASHe instant loan is approved, the money is usually sent to your bank account in just a few minutes.

Yes, if you wish, you can pay back your loan early. However, there might be a small fee that you need to pay for early repayment.

Instant Loan App