Financial emergencies may arise at any time, catching us off-guard. In such situations, mini loans can be a lifesaver. They provide quick access to funds without a rigorous application process. Read on to know what a mini loan is and how to apply for one.
What Are Mini Loans?
A small Personal Loan, or a mini loan, is a credit facility that you can opt for when you need a small sum of money to fulfil your immediate financial needs. It is an unsecured loan, meaning you need not pledge any assets as collateral. Mini loans are approved almost instantly. Many financial institutions offer mini loans with short repayment periods to mitigate financial debts.
Features and Benefits of a Mini Loan
Here are some essential features and benefits of a mini loan:
- Collateral Free: You need not pledge any asset as collateral.
- No End-use Restrictions: The loan amount can be used without restrictions.
- Flexible Repayment Tenure: Choose a flexible tenure based on your repayment capacity.
- Minimal Documentation: Submit only the essential eligibility documents.
- No Hidden Charges: Most trusted lenders specify all the charges beforehand.
- Quick Approval and Instant Disbursal: The loan is approved quickly with instant disbursal after verification.
For your immediate fund requirement, get a small Personal Loan from Poonawalla Fincorp. Check how to apply in the next section.
Also Read - How Small Personal Loans Can Help Cover Unexpected Expenses
How Can You Apply for a Small Personal Loan From Poonawalla Fincorp?
Here is a step-by-step guide to apply for a Small Personal Loan from Poonawalla Fincorp:
Step 1: Click ‘Apply Now’.
Step 2: Fill out the application form.
Step 3: Upload all the necessary documents.
Upon verification, the loan amount will instantly be credited to your bank account.
Also Read - Consumer Durable Loan Vs Small Personal Loan
To Conclude
Fulfil your immediate fund requirements with mini loans. You can use the amount for any financial emergencies. However, you must meet the basic eligibility requirements and submit the necessary documents for quick and hassle-free approval. Get a small Personal Loan of up to Rs. 5 Lakh instantly with minimal documentation and flexible repayment tenure from Poonawalla Fincorp. Apply now!
