How to get a personal loan with no paperwork
Young professional these days are always on a hunt to look for easy ways of getting a short term loan. The reason to get a personal loan can vary from person to person. One can take a personal loan for traveling to a new place, for a medical emergency, to renovate home, to pay an old loan, to buy any large asset and so on. People also take a personal loan for educational purposes.
The personal loan app is gaining popularity because of its convenient process and minimum documentation. One of the major benefit a personal loan app offer is no paperwork.
Wondering how to get a short term loan with no paperwork? The answer is personal loan apps. There are many online apps available in the market that provide instant loans without any physical paperwork. You don’t have to visit any bank or branch to get a short term loan.
How to apply for a short term loan:
One can download the CASHe personal loan app on their smartphone from the Google Play Store or Apple App store. Complete the registration process by adding your basic details. Add you desired loan amount.
People take a loan ranging from Rs.9,000 up to Rs.4 lakhs. The loan amount eligibility can be checked on the app itself. One can select the duration of the loan as per their will. It can range from 62 days to 1.5 year.
Eligibility Criteria:
If you are a salaried employee and a resident of India, you can apply for a loan on personal loan app. The company you are working in should be a registered one. People of 23 years old to 58 years old can avail the personal loan on the app.
Process to apply for Short Term Loan:
Once you apply for a short term loan, the personal loan app will review your request and will notify you whether it is approved or not. The app takes a couple of minutes to review and once the loan is approved the money gets transferred to the individual’s personal saving account. The app only loans can get approved on the same day of application.
Interest rate on the short term loan:
Since the amount of such loans is small and the tenure is short, the interest rate is quite competitive.
Repayment of the loan:
The personal loan app sends alerts when the due date is close so that the users can re-pay on time. The mode of repayment is bank transfer.
Documents Required:
The documents required for a short term loan are quite simple and basic. One has to upload their identity proof, address proof and income proof to get the loan. Aadhar card, Pan card, Driving License or Passport can be submitted as identity proof. For address proof, one can upload utility bills like electricity or phone or passport. As your income proof, latest 3 to 6 months salary along with the bank statements should be submitted.
By simply submitted your basic details as mentioned above, one can get a personal loan without any paperwork within a very short period of time.
