Mini Cash Loan Instantly
Posted: Aug 14, 2019
Mini Cash Loans Online in India has more or less organized the overall lending and borrowing practices. Digitized transactions give clarity to the borrowers and lenders cannot take undue advantage of first-time borrowers. People may have been conditioned in the traditional lending scheme but moving online will surely serve as a huge boon owing to the numerous advantages.
Loanbaba provides mini cash loans at compelling interest rates starting from 0.1% to 0.3% per day. Mini cash loans are a multi-purpose financial tool which can be used for a range of expenses. Mini cash loans in India has predominantly been a popular concept with small-scale business owners borrowing on a day-to-day basis. The amount borrowed in the morning to run their stall or any other business was returned with interest at the end of day to the lender. Mini cash loans online have more credibility and hence, better suited for borrowers from all walks of life.
Getting Instant Cash with Mini cash Loans
Loan providers in India are often apprehensive to lend without hard credit checks or lengthy paperwork. This leads to a lot of time gap from application to approval. This is where Loanbaba turns the tables for borrowers. Our customers can apply online easily and get approvals for loans in far lesser time. A robust system has been set up to provide mini cash loans in quick succession without any security from the borrower.
Approval in an HOUR
Amounts as less as Rs.10,000 are disbursed via mini cash loan instantly with minimum paperwork. The upper amount limit of mini cash loan is Rs.1,00,000 and the loan tenure remains 1 to 6 months for all loans. After understanding, calculating and planning the repayment timetable, you can go ahead with the application process.
Our system allows you to complete the KYC part online as well. This includes the following documents:
- Salary Slips
- Bank Statements for the past six months
- Aadhar card
- PAN Card
- Address Proof
Loanbaba’s mini cash loans are collateral free loans and applicants need not pledge any asset in the form of security. Our credit managers will verify the documents once you furnish them and in no time, you are most likely to receive a call from our trained professionals to take you through the proceedings of amount disbursal.
The service of mini cash loans are easy to apply. Our loan managers make sure that you have a hassle-free experience of borrowing. After applying, you can quickly utilize the disbursed funds as per your requirement.
Eligibility Criteria for a mini cash loan
Loanbaba’s eligibility criteria for mini cash loans is very basic as the age limit is 23 and any individual with a steady monthly income of Rs.25,000 can avail this service.
Documentation as discussed above needs to be completed by the applicant before the loan procedure gets underway.
Credit scores are an important parameter for most loan approvals. We, at Loanbaba, do not place too much importance on credit scores when it comes to first-time borrowers who may be truly in need of funds.
Applicants with excessive loan overdue amounts are unlikely to get their loans approved.
Advantages of a Mini Cash Loan
An urgent requirement of funds is no more a calamity where you have to ask your colleagues and friends putting you in an embarrassing position. Loanbaba’s customer-friendly policies ensure loan applicants have a smooth experience when they are in need.
Responsive: Our executives are trained to take you through the entire procedure of lending and returning the amount. We are available for you during office hours and will be happy to assist in every way possible
Instant Approval: We understand the importance of the time factor when it comes to monetary need and act with a sense of urgency for all our applicants.
Repeat Customers: Lenders who have already borrowed once enjoy instant disbursal facility with us. Such borrowers can avail cash on the same day of application.
Credibility: A trust-worthy partner to all clients who are in need of funds. You can rest assured that all your details are confidential with us and shall not be used for any other purpose.
Support: Our environment is sympathetic to a loan applicant’s distress and provide hand-holding to all customers equally, irrespective of their credit background.
Minimal Paperwork: All the documentation work can be done online making our loans the best when it comes to turn-around-time. Approvals at Loanbaba are far faster compared to other loan providers.
Mini cash loan may be the right tool for your needs in case of an unforeseen expense that needs to be taken care of without delay. Also, keep in mind the interest charged so that you do not burn a hole in the pocket when you repay the loaned amount. There are other benefits of mini cash loans and with such a facility available one could avoid borrowing from friends as it may spoil relationships.
Why Choose Loanbaba’s Mini Cash Loans?
No prepayment charges:
Mini cash loans processed at Loanbaba are optimized for the borrower. In case, the borrower wants to repay the entire amount before end of tenure, he/she can go right ahead and do that. No prepayment charges are incurred in such a situation.
No hidden charges:
All expenses borne by the applicant are clearly mentioned in the loan agreement processed by our credit managers. The entire procedure is transparent as we value your money as much as you do.
The amount is disbursed at the earliest, without any questions asked. The purpose of borrowing need not be specified before disbursal. Our executive will deliver the amount to your doorstep or have the amount transferred to your bank account.
Man is a creature of habit. Some habits need to change. Looking at options for a mini cash loans online in today’s age is ideal as other offline lenders tend to overcharge greatly. At Loanbaba, we go the extra mile to ensure first time applicants get a personalized service.
Loanbaba is a direct lender of this product. Currently, Small Cash Loan/Instant Personal Loan is available in Mumbai, Pune, Delhi, Gurgaon, Noida, Bangalore, Chennai, Hyderabad, Kolkata, Jaipur, Indore amongst other major cities.