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Small Personal Loan

Small Personal Loan

Unsecured personal loans are a boon when one requires funds to overcome a particular situation or financial need. This is where instant small personal loans come in. A small personal loan can be availed through Finnable for an amount as little as Rs 50,000. This amount can be used for travel, buying an appliance, home renovation or to overcome any unexpected expenses.

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A small personal loan is an unsecured or unprotected loan and is often referred to as an instant cash loan. It can be used for personal financial requirements and the process of getting a small personal loan is quite easy. This allows individuals to deal with financial emergencies with ease without having to topple or disturb their monthly savings. An instant small loan app offers an easy repayment structure allowing individuals to pay back in easy instalments or monthly EMIs.

What is Instant Small Loan App?

Financial needs may arise anytime, and taking loans to fulfil these financial requirements is common. People have become more open to taking small personal loans without providing any collateral. This is possible through an instant small loan app. Money lending apps provide an opportunity for individuals to take small loan amounts and then pay them back in easy instalments with a given interest rate. Small loan apps have been providing people with loans for small purposes such as house renovation, personal requirements (such as buying a luxury sofa, wedding expenses, enrolment fees, etc.), financing holidays, and more. The process to take loans from the small loan app is very simple. It can be completed within a few minutes – money is credited to the applicant’s account instantly, provided they clear the eligibility criteria.

How to Check Small Loan Eligibility?

Eligibility for a small loan online is usually calculated with the help of an Eligibility Calculator, which may be different for each app. Generally, if you are looking to apply for a small loan from an app, then you should fulfil the below requirements:

  • Should be a citizen of India
  • Most small loan apps will accept application requests from applicants between the age group 21-60. 
  • The applicant must be employed
  • Applicants must have the documents such as valid address proof, which could be a passport or Aadhar card. They must also have a PAN card.
  • Applicants should be able to present their salary slips.

Besides the aforementioned, to get a loan for a small amount you must also provide all your personal details such as full name, date of birth, place, details of employment/details of the business, your bank details (for loan disbursal once approved). 

The loan app then verifies the details, and documents produced and conducts a CIBIL score test to determine the maximum amount of loan you may be eligible for.

How to Get a Loan for a Small Amount?

It is easy to get a loan for a small amount from a moneylending app. Here are the following steps that you can follow to apply for a small personal loan.

  • First, you must download the app of the platform you wish to use to take a loan from on your smartphone or use the website of the app (if available).
  • Check your eligibility 
  • Furnish all the documents and personal details requested by the loan app
  • Check the loan amount that you are qualified for and accordingly apply for the loan amount needed
  • Provide your bank details
  • Wait for the approval – if approved, your loan amount will be disbursed to your bank account 

Why Finnable is the Best Small Loan App?

There are many instant small loan apps available for download on Play Store and Apple Store. However, not all of them can be trusted. There are many fraudsters who exploit the das provided by applicants for personal gains. A trusted loan app such as Finnable not just keeps your privacy but also extends you the financial help needed with minimum requirements. Here is why you should apply for a small loan on Finnable:

Hassle-Free Process – We have a hassle-free process for loan application and disbursement. Applicants don’t have to run around physically to get their small personal loan approved. The process of loan application is 100% digital. You simply need to furnish your personal details, employment details and your KYC details on our app or website, and you will receive your loan within a couple of hours.  

High Loan Sanction Amount – If your documentation is in order then we can disburse a loan amount of up to 10 lakhs which can be paid over a duration of 5 years (Both amount and term are subject to the approval of the loan amount)

Personal Loan Assistant – Finnable was established with the motive to provide loans to people – quickly and easily. Hence, we have a dedicated support team who work incessantly to resolve all your concerns related to the loan. You can write to us with any concerns about the loan, and we will get back to you with a reply.

Small Personal Loan features

Finnable team
5311 people have applied for loan in the last 24 hour
5/5
5000 people have rated this loan as the best product
Instant Personal Loan

Get Rewards

Timely EMI payments makes you eligible for a cashback of upto Rs. 200 per month. At Finnable we are the first in the industry to reward you to pay on time and improve your credit score.

Personal Loan Assistant

Get loans quickly

Apply for a personal loan in a few clicks by submitting only a few basic documents and get the loan money transferred in your account as quickly as 2 hours. The entire process is 100% digital.

High Loan Amount

High Loan Amount

Apply for personal loans with minimum documentation and get high loan amounts of upto Rs.10 Lakhs. The loan tenure can be anywhere between 6 and 60 months.

Get rewards

Personal loan Assistant

Please write to your personal loan assistant at makeiteasy@finnable.com for any support. We aim to provide you a seamless and hassle-free experience.

Get rewards

Get Rewards

Timely EMI payments makes you eligible for a cashback of upto Rs. 200 per month. At Finnable we are the first in the industry to reward you to pay on time and improve your credit score.

Instant Personal Loan

Get loans quickly

Apply for a personal loan in a few clicks by submitting only a few basic documents and get the loan money transferred in your account as quickly as 2 hours. The entire process is 100% digital.

High Loan Amount

High Loan Amount

Apply for personal loans with minimum documentation and get high loan amounts of up to Rs.10 Lakhs. The loan tenure can be anywhere between 6 and 60 months.

Personal Loan Assistant

Personal loan Assistant

Please write to your personal loan assistant at makeiteasy@finnable.com for any support. We aim to provide you a seamless and hassle-free experience.
Finnable team
5311 people have applied for loan in the last 24 hour
5/5
Over 5000 customers have rated us 5 stars in Play store

Personal loans can be used for multiple purposes- to fulfil your desires or meet urgent financial needs. This is why we bring you a range of products to suit your needs and desires.

Learn with Finnable

Small Personal Loan FAQs

You can avail of a small personal loan through Finnable’s app or website. All you need to do is choose the amount of loan required, set the tenure, and upload the documents. Your loan can be credited within 24 hours of verification and approval of documents.

The EMI is the amount that the borrower will repay every month to the lender. The borrower will need to input the principal loan amount, the tenure of the loan, and the interest rate in the EMI calculator.

To avail an instant small personal loan, the borrower must be able to furnish the following documentation: 

  • Identity Proof: The PAN card of the applicant has to be submitted.
  • Address Proof: Aadhar card acts as proof of address. 
  • Income Proof: The applicant needs to submit 2 months’ salary slip.
  • Salary Statement: Bank statement of the salary account needs to be available. In case it isn’t, the applicant must be able to access the statement through net banking.

With Finnable, you can apply for small loans online. This can be done in 4 simple steps: 

  • Log on to the Finnable website or download the Finnable Personal Loan App through Play Store. 
  • Register and create your profile by filling in the required personal and professional details. 
  • Select the type of small personal loan and the amount. Select your repayment tenure. 
  • Upload your documents and submit your application.

Your loan will be credited within 6 hours of approval and verification of documents.

A small personal loan works like an unsecured personal loan. You can choose the amount of loan as well as its tenure. Being an unsecured loan, you do not need to pledge any security against the loan amount

The minimum amount for a small personal loan that you can avail from Finnable is Rs 50,000.

Before availing a small unsecured personal loan, you will need to know the loan amount, the tenure of the loan, as well as the interest rate. This will help calculate your EMI that needs to be paid to the lender. Since there is no security against the loan, having a good CIBIL score can help in getting better interest rates.

  • Finnable’s tenure for small personal loans ranges between 6 to 60 months.

Yes, we are an RBI Registered NFBC and serve thousands of users through our platform. We are available in most states of India.

Yes, we perform a CIBIL score check before disbursing the loan. It is one of the criteria we follow before determining your loan amount. But we also extend our services to applicants who are first-time borrowers, provided they fulfill other criteria for loan application.

Finnable never shares the data of its customers/applicants with any third parties. We value the privacy of our customers and follow the standard regulations set by the law, ensuring that your personal data is safe with us and used only to process your loan requirement.

We have a physical office located in Bengaluru, but the loan processing is done digitally. You don’t need to physically present your documentation; it can be uploaded virtually through your smartphone. This is to ensure our services can be enjoyed by a maximum number of people in India.