fbpx

Understanding What Are Instant Cash Loans: A Quick Solution for Financial Emergencies

Financial emergencies are always unexpected and incredibly stressful. In his book ‘The Barefoot Investor’, author Scott Page has said that everyone will have to face at least one financial crisis in their life. While this thought can be scary, it is important to know that financial difficulties are not the end of the world and solutions exist to all kinds of financial problems. 

If you face an unexpected financial emergency, instant cash loans can come to your rescue. So let us understand what instant loans are, their benefits, and how they can be helpful during times of financial duress. Finnable is here to help you with all your personal and instant loan needs, regardless of whether you are financially stressed or not.

What is an Instant Loan?

An instant loan is a type of loan that offers you access to funds in a short amount of time, possibly within hours of the submission and approval of your loan application. These loans are designed to provide you with a fast solution to your immediate financial requirements. With Finnable, applying for an instant loan has never been easier. We offer hassle-free and 100% digital processing along with lightning-fast loan approval.

What are Instant Cash Loans?

Instant cash loans, also known as fast cash loans, are a specific type of instant loan that focuses on providing you with immediate access to cash. These loans are especially designed for those who need to access physical money at the earliest.  Whether it’s a medical bill, car repair, or any other urgent payment, instant cash loans are a convenient and ingenious form of instant loans and can be very helpful in certain circumstances.  

Finnable, an RBI-registered NBFC and fast-growing fintech start up, specializes in instant loans with competitive interest rates, seamless processes, and flexible repayment terms.

Benefits of Instant Cash Loans

  1. Speed: Instant loans are notorious for being disbursed quickly without much hassle. This is a unique selling point of instant loans that makes them appealing to a large number of people, especially, when they are financially distressed. Finnable disburses your instant loan within 48 hours of application. 
  2. Convenience: Nowadays, applying for an instant loan has become very accessible online. All you need to do is choose your lender of choice, submit the preliminary documents, and wait for approval. It is that easy! You can avail of an instant from the simple comfort of your home. 
  3. Flexibility: Instant cash loans offer flexibility in terms of loan amount and repayment options. Finnable, for instance, provides a range of loan amounts from ₹50,000 to ₹6 lakhs for a tenure of 6 to 60 months. Therefore, you can choose the loan terms that best suit your needs. Moreover, your loan repayment terms can also be customised to your personal circumstances.
  4. No Collateral: Unlike certain types of loans that require collateral, instant cash loans are typically unsecured. Hence, you do not have to pledge any of your assets as security. Accordingly, these loans are accessible to a very large range of individuals.

 

Requirements for Instant Loans

To obtain an instant cash loan, you must qualify certain criteria. You can apply to Finnable if you satisfy the following conditions: 

  • Nationality: You must be a resident of India. 
  • Employment status: You must be a salaried employee
  • Age: You must be in the age group of 21-60 years. 
  • Income: You must be earning a minimum of 15,000 per month. 

Note that even if you meet all of the aforementioned criteria, you may not get a guaranteed approval for an instant cash loan. This is because Finnable assesses several other eligibility criteria such as credit history, existing loans, and debt-to-income ratio, evaluating each application on a case-by-case basis.

Finnable's Services in Fast Cash Loans

Finnable is a trusted loan provider that specialises in offering fast cash loans to individuals in need. With a commitment to customer satisfaction, Finnable ensures a seamless borrowing experience for its clients. Here are some notable services provided by Finnable: 

  1. Quick Application Process: Finnable’s online platform allows borrowers to complete the application process swiftly and conveniently. The user-friendly interface guides applicants through the necessary steps, reducing complexity and saving time.
  2. Instant Approval: Once the application is submitted, Finnable’s efficient system enables quick processing and approval. Upon approval, you can expect to receive the funds in your bank account within 48 hours and address their financial needs promptly. 
  3. Competitive Interest Rates: Finnable offers competitive interest rates on their fast cash loans, ensuring that you can access funds without being burdened by exorbitant charges. Our interest rates range between 16-28% a year, only 1.3-2.3% per month.
  4. Flexible Repayment Options: Understanding that financial circumstances can vary, Finnable provides flexible repayment options to borrowers. This enables individuals to repay the loan comfortably based on their income and budget, ensuring a stress-free borrowing experience.

Conclusion

Now that you understand what instant loans are, what instant cash loans are, and what fast cash loans are, you can choose the type of loan that best suits your financial requirements. In times of financial urgency, instant cash loans offer a convenient and speedy solution. These loans provide individuals with immediate access to funds, allowing them to address unforeseen expenses or emergencies promptly. Finnable, a reputable loan provider, specialises in fast cash loans, offering a range of services designed to meet the unique needs of borrowers. With Finnable, you can experience a seamless borrowing process, competitive interest rates, and flexible repayment options. When facing a financial crunch, consider instant cash loans as a reliable solution to tide you over until your next pay cheque.

Frequently Asked Questions (FAQs)

An instant loan is a form of credit that you can avail of times of financial duress. These types of loans are mostly unsecured loans that do not require any collateral but may incur high interest rates.

An instant cash loan is similar to an instant loan in that it is an instant loan that can be applied to and availed of relatively quickly without any collateral. Instant cash loans are available to a wide audience because they intend to aid anyone facing a financial crisis.

Fast cash loans are mostly identical to instant loans or instant cash loans. They can be availed in as little as 2 hours. Therefore, people in need of urgent cash apply for fast cash loans.

The loan amount you can borrow with an instant cash loan depends on various factors, including the loan provider's policies, your income, and your creditworthiness. Loan providers typically offer a range of loan amounts, allowing borrowers to choose an amount that suits their needs. It is important to borrow responsibly and only take out what you can comfortably repay.

To apply for an instant loan with Finnable, you need to follow these simple steps: 

  1. Sign up with Finnable as a registered borrower 
  2. Choose your preferred personal loan amount.
  3. Fill in the relevant details and provide the requested documents. 
  4. Submit the personal loan application form.
  5. Wait for the approval and disbursement.
Amit Arora Finnable

AMIT ARORA

I am a seasoned retail banker with over 21 years of global experience across business, risk and digital. In my last assignment as Global Head Digital Capabilities, I drove the largest change initiative in the bank to deliver the end-to-end digital program with over US$1 billion in planned investment. Prior to that, as COO for Group Retail Products & Digital, I implemented a risk management framework for retail banking across the group.
Finnable Logo