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How to Get Instant Cash Loan Within 1 Hour?
When facing financial emergencies or unexpected situations, a Personal Loan or Cash Loan is a boon. Whether the capital is needed for dealing with wedding expenses or medical bills, a Cash Loan offers adequate funds to pay for all. Read on to understand how you can secure an instant Cash Loan in 1 hour when in urgent need of finances.
Getting an instant Cash Loan is simple. You just need to follow the steps mentioned below:
Once your information is verified and your application is approved, the loan amount will be transferred to your bank account quickly.
Before taking out loans in an hour, it is necessary to know about the benefits that come along with it. Some NBFCs like Poonawalla Fincorp offer a Cash Loan at an attractive rate of interest starting from 9.99% p.a. Listed below are a few of the key benefits of availing a Cash Loan:
As an unsecured loan, Cash Loan can be availed of without the need for security or collateral. You can easily get the cash without having to go through the hassle of pledging an asset. All you have to do is maintain a good CIBIL score and fulfil the eligibility criteria to avail yourself of the loan in no time.
You can take out and use a Cash Loan for any purpose you see fit. It can be for planning a wedding, home renovation, medical expenses, paying off a debt, or supporting your child’s higher education.
You can reap the benefits of 1-hour loan approval by getting instant access to cash. This can be helpful during medical emergencies or for paying a tuition fee on short notice.
While taking out a loan, you must be aware of the EMI, which is the repayment amount that is paid in instalments. With the instant Cash Loan in 1 hour, you are given a flexible repayment period of 12 to 60 months. This tenure may be decided based on various factors like your CIBIL score and your income.
The process of applying for the instant Cash Loan is simple and hassle-free. You can easily apply on the website of the lender with minimal documentation and get your loan approved within an hour.
In today’s digital world, gone are the days of standing in long queues with piles of documents. Now, along with your application form, minimal documentation is required. You are required to submit the following documents while applying for the Cash Loan:
These documents are necessary as they help the lenders in verifying your eligibility for the loan.
You can calculate your interest on Instant Cash Loan EMI by using Poonawalla Fincorp’s Instant Loan EMI Calculator. To utilise the EMI calculator, input the desired loan amount, the offered interest rate, and the preferred loan tenure. The calculator will instantly show your EMI amount. Additionally, note that your actual EMI amount may vary depending on other factors affecting the final loan amount.
ALSO READ :- How To Get An Instant Paperless Personal Loan Online?
Before taking an Instant Cash Loan you need to consider the following points:
In times of financial urgency, quick access to cash is crucial. Online lending platforms like Poonawalla Fincorp, getting an instant Cash Loan in 1 hour is now a reality. With minimal paperwork and a few clicks, you can swiftly address your financial needs. So, when emergencies arise, seize the opportunity for speedy solutions and bid farewell to worries as you unlock instant cash in just one hour.
1. Can I prepay my Instant Cash Loan?
Yes, you can prepay your Instant Cash Loan before your tenure ends. There are no pre-payment or foreclosure charges associated with the instant Cash Loan. Moreover, prepaying your Cash Loan does not have a negative impact on your CIBIL score.
2. What happens if I miss the EMI of the Instant Cash Loan?
There can be a few consequences of missing out on your monthly EMI of the instant Cash Loan, mainly on your credit score. It will decrease your CIBIL score and affect your creditworthiness. Moreover, it will have an impact on your future borrowing capacity. Hence, it is best to ensure that you don’t miss out on your EMI payments.
We take utmost care to provide information based on internal data and reliable sources. However, this article and associated web pages provide generic information for reference purposes only. Readers must make an informed decision by reviewing the products offered and the terms and conditions. Loan disbursal is at the sole discretion of Poonawalla Fincorp.
*Terms and Conditions apply
Our team of expert writers and editors are passionate about providing authentic and valuable information on finance. Our aim is to simplify financial and finance-related concepts. We strive to help our readers become more aware and empowered to make informed financial decisions.
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