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Instant Personal Loan in 1 hour at Loanbaba

Author: Shubham Kalje
by Shubham Kalje
Posted: Sep 09, 2019

Instant personal loan is gaining popularity day by day, and there are 3 key reasons behind it: It is a hassle free, requires minimum documentation, speedy processing time and flexible use of loan. This Instant personal loan can be used for various purposes, be it a wedding, higher education, home renovation or planning of holiday. It can fulfilled multipurpose requirement. Another important benefit is that it meets the demands of various strata of society.

The Loanbaba.com helps you to search for various top personal loan companies in India along with banks and NBFCs. The starting rate for the loan is 10.99% and the loan amount ranges from 1 Lac to Rupees 20 Lac. Tenure of the loan is between 1 year and 5 years. This website can be used to satisfy your queries and promptly guides the borrower on lower rates of interest.

Instant Personal Loan Updated Details Updated on

Loan Amount

Rs. 1 lakh to Rs. 30 lakhs

Loan Tenure

10.99% onwards

Interest Rate

1 Year to 5 Years

What is Instant Personal Loan?

The instant personal loan derives its name from the quickness of disbursement of funds that you can use for multiple or any purpose. Basically, you can expect the financial institution to disburse the loan to your bank account within a day or two-days time after loan approval. There is no restriction as to how you put the funds to use.

How Does Instant Personal Loan from Loanbaba work?

To apply for an instant personal loan at our website, you can apply online straight from the homepage. Click on the ‘Small cash Loan’ icon, and you will be directed to a new page. Now provide the necessary details (name, residential city, phone number, loan amount needed etc) asked after you compare the offers by the leading banks and NBFCs, presented on the same page.

Our team will get back to you shortly about your loan application. After our representative understands your loan requirement, the best deal is suggested to you and applied for. Your loan application is then processed by the respective financial institution.

Features and Benefits of Instant Personal Loan

Below mentioned are the benefits and features of instant personal loans.

  • Large loan amount up to Rs. 20 lakhs

  • Repayment tenure up till 5 years

  • Low rates starting from 10.99%

  • No limit to the end use of the funds

  • Basic documentation with income proof, bank statements etc

  • Unsecured loan, no requirement for collateral or security

  • No guarantor required

  • Minimal paperwork and quick disbursal of funds

  • Transparent terms and conditions

Eligibility Criteria for Instant Personal Loan

The basic requirement to be met by a personal loan borrower:-

  • The person must be an Indian citizen

  • Minimum age requirement is 21 years

  • Must possess identity proof issued by the Government

  • Valid bank account details

Documents Required for Instant Personal Loan

Below mentioned are documents to present for India personal loan:

  • Original and photocopy of PAN card

  • Original and photocopy of Passport, Driving Licence, Voter ID, and Post-paid Mobile/Landline Telephone Bill, Utility Bills (Electricity/water/gas).

  • Bank statement of your salary account for at least the last three months.

  • Payslips of the last three months

About the Author

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.

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Author: Shubham Kalje
Premium Member

Shubham Kalje

Flag of India
India

Member since: May 08, 2019
Published articles: 24

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