No matter how much money you have saved for future gains, the need for money will always exist.
The cost of living is increasing day by day and in such situations, access to instant funds becomes extremely important.
Borrowing money from family and friends is not considered a healthier option these days. So, people tend to turn towards instant cash loans, because they are super quick to access.
If you are in urgent money requirement, it is always advisable to rely on NBFC’s (Non-Banking Financial Companies) rather than banks as they take more time in approving your loan request.
It may sound absurd but there are few NBFC’s which offer an instant cash loan in 1 hour! Now you may raise a question whether such a possibility exists?
But don’t worry, I will explain to you how in the blog further.
Is it possible to get an instant cash loan in 1 hour?
Yes, you can get an instant cash loan in 1 hour only when you choose the right lender. In this technologically developed era, everything is possible online.
The entire loan application process is carried out online which is 100% paperless.
With accurate documentation and information submitted from your end, you will be immediately approved and instantly disbursed with the loan amount in 1 hour. All thanks to the growing technology!
Features of instant cash loans
Let us look at some of the noteworthy features that have made instant cash loans, a must-opt solution by many:
- Completely digitized – Right from applying for the loan till the loan disbursement, the entire application process is carried out online. No physical document checks are required as document verification is done digitally.
- Flexible tenure options – You might be wondering about the tenure options available for an instant cash loan. These loans typically have a tenure ranging from 12 months to 60 months. So based on your repayment capacity and financial requirements, you can opt for the best tenure.
- Loans for low credit scores – Even an individual with low credit score can apply for an instant cash loan. There are few lenders available in the market who approve loans even for a poor credit score. But, on the other hand, it is always advisable to maintain a good credit score as it helps you to qualify for a loan at competitive interest rates.
- Loan for low monthly income – You can avail an instant cash loan even if your monthly income is low. If you have a good credit score and have not defaulted in the last 2 years with not many credit liabilities in your credit history, then there are high chances of your loan application getting approved by your lender.
Steps to apply for an instant cash loan
- Visit the website of your lender and download the application form or download their app.
- Fill in your basic details, select the desired loan amount and apply for the loan.
- Upload basic documents of identity, address and income.
- Submit for verification and once your details are verified, you will be instantly approved.
- Get your instant cash loan into your account within 1 hour.
An instant cash loan can be instant if you do your groundwork properly. There are few NBFC’s like Vivifi India Finance Private Limited, with its loan offering product called FlexSalary, which provides instant cash loans in 1 hour!
You will also be approved with a loan when you have a low credit score, as they consider other additional factors while approving. So why wait! Apply for a loan with FlexSalary when you are in dire need of cash.