What should you know when you apply for an instant cash loan?

by admin | September 19, 2018 9:19 am

What is an instant cash loan?

An Instant Cash Loan[1] is a short-term loan that is provided to a borrower from lenders like banks and NBFCs. It is an ideal way to get quick cash – as the term instant suggests, these loans are disbursed in super-quick time. Also, these are unsecured loans – which means that there is no need to pledge any kind of asset with the lender. This fact also increases the risk factor for such loans and pushes interest rates to be higher than secured loans.

The instant cash loan[2] is an ideal solution to pay for a string of expenses. Better yet, these loans are extremely flexible and can be repaid through flexible tenure options that lenders provide. Usually, tenures for these types of loans range from 6 months to 60 months. You can manage home renovations and upgradations or buy a second- hand car or bike with it. An emergency medical bill can be footed, or these loans can be used to plan a short vacation. The flexibility is one of the points why cash loans are in significant demand these days.

Although they enjoy high demand, you must be prudent while availing an instant cash loan. Here are some things you should know about when you apply for one.

How to apply for an instant cash loan?

With the presence of many Fintechs in the lending space, the process of applying for a loan is completely digitized. Here are some steps to get you started-

Endnotes:
  1. Instant Cash Loan: https://www.qbera.com/personal-loan/instant-cash-loan-in-1-hour.html
  2. The instant cash loan: https://www.qbera.com/personal-loan/instant-cash-loan-in-1-hour.html

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