5 key tips to boost your chances of instant personal loan approval
3 months, 3 weeks ago

5 key tips to boost your chances of instant personal loan approval

Live Mint  

Personal loans are one of the most convenient tools to access emergency funds. Source of income Most lenders would quickly approve instant personal loans for borrowers with stable incomes and steady employment. Different lenders may have a minimum monthly income limit to grant an instant personal loan. Good credit score One of the major criteria lenders look for when approving instant personal loans is credit score. Keep documents ready Instant personal loans require less documentation when compared to a personal loan.

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History of this topic

Are fintech apps providing personal loan a boon or a debt trap? Find out
3 days, 11 hours ago

Are fintech apps providing personal loan a boon or a debt trap? Find out

Live Mint  

With a range of personal loan apps giving instant loan options all around us – is this alright to use one of these apps to arrange the money or is a prelude to an avoidable debt trap? Low or minimal documentation: When you apply loan through any of these loan apps, minimal documentation is required, thus offering loan at a …

Skip The Paperwork: All You Need To Know About Online Personal Loan Approval
1 week, 5 days ago

Skip The Paperwork: All You Need To Know About Online Personal Loan Approval

ABP News  

With the rapid digitalisation of the world, getting a loan is no more a cumbersome process. Getting a personal loan today is a matter of few clicks as most banks and financial institutions offer instant online approvals. Now, if you need funds for your medical emergency, travel plans, or any renovation ideas, all you have to do is pick your …

8 smart tips to keep your personal loan from becoming a debt burden
2 weeks ago

8 smart tips to keep your personal loan from becoming a debt burden

Live Mint  

If you stare at a financial crisis and need funds urgently – you will invariably have a temptation to raise a loan. Now with a range of fintech platforms offering loans aplenty, it is highly unlikely not to opt for a personal loan. Choose the right tenure: Shorter tenure means higher EMIs but lower overall interest whereas longer tenure means …

Planning to borrow? THESE features make personal loans quite different from others
2 weeks ago

Planning to borrow? THESE features make personal loans quite different from others

Live Mint  

Are you facing a financial crisis and contemplating borrowing money from a bank as of now? For the unversed, personal loan is a form of borrowing which enables applicants to use money for a range of activities which could vary from organising a wedding to going on a vacation. While you can raise a home loan for anywhere between 9-10 …

Instant personal loans in 10 minutes: Convenience or a dangerous trap?
3 weeks ago

Instant personal loans in 10 minutes: Convenience or a dangerous trap?

Live Mint  

In India, instant personal loans, often disbursed within 10 minutes—have surged in popularity due to their swift approval processes, rapid growth in information and technology tools and minimal documentation requirements. Now, there are several common safety issues and hidden traps and hidden charges that the borrower needs to be aware of before reaching out to a lending institution: Convenience and …

Small personal loan online: 5 key factors to consider before applying
3 weeks, 4 days ago

Small personal loan online: 5 key factors to consider before applying

Live Mint  

In today's digital age, small personal loans are a very popular source of finance for people who want money at a short interval of time. Here are some key factors to consider before taking a small personal loan online: Instant approval and disbursement In this digital age, one of the best things about small personal loans is their rapid processing …

Personal loan: How is this different from a secured loan? An explainer
3 weeks, 4 days ago

Personal loan: How is this different from a secured loan? An explainer

Live Mint  

A personal loan is quite different from other variants of loans. Unlike other loans such as a house loan or a car loan, a personal loan is an unsecured loan. Rate of interest charged on personal loan is usually higher than that of other loans and it does not require a collateral from the borrower. Exorbitant interest rate: By virtue …

Pre-approved personal loans: What are these, their benefits, and how to get one?
1 month, 1 week ago

Pre-approved personal loans: What are these, their benefits, and how to get one?

Live Mint  

You must have received various emails, App notifications, SMS and WhatsApp messages from your bank about pre-approved personal loan offers. Some of these pre-approved personal loan offers give a discount or waive the processing fee, while some are offered at lower interest rates. As these are ideal borrowers that the bank would like to have, they are usually sent pre-approved …

What is a pre-approved personal loan? Is this better than instant loan?
1 month, 1 week ago

What is a pre-approved personal loan? Is this better than instant loan?

Live Mint  

Are you planning to raise a personal loan and before you opt for it, you realise that you already have a pre-approved loan offer. Typically, a pre-approved loan offer charges a higher rate of interest since it is given against your credit card limit. Better deal: You want to apply for a loan of ₹5 lakh and you realise that …

5 costly mistakes to avoid when applying for an instant personal loan
1 month, 3 weeks ago

5 costly mistakes to avoid when applying for an instant personal loan

Live Mint  

The need for funds can arise at any time for several purposes, such as medical expenses, educational costs, or any other unexpected needs. However, in emergency situations, due to the urgent need for funds, borrowers can overlook a few details and make mistakes while applying for an instant personal loan. If you apply for an instant personal loan with a …

Instant Personal Loan: Why is KYC verification important for quick approval?
2 months ago

Instant Personal Loan: Why is KYC verification important for quick approval?

Live Mint  

As the Indian economy evolves and we witness technological transformations it is natural to see the increased used of internet and aligned digital services to make lasting improvements in the lives of individuals. These developments help in making the process of distributing short-term loans, instant personal loans among other associated services seamless. This process helps in making the distribution of …

Instant personal loan vs. pre-approved loan: What should you choose? Key points to consider
2 months ago

Instant personal loan vs. pre-approved loan: What should you choose? Key points to consider

Live Mint  

Getting a loan can be a time-consuming task and time is often not a luxury for most of us. Banks, therefore, sometimes give an option of availing an instant personal loan in cases where e-KYC is already complete. In this case, you already have an offer of loan, and you only need to accept it to be able to receive …

Personal loan eligibility: What are the key gender-specific criteria?
2 months, 1 week ago

Personal loan eligibility: What are the key gender-specific criteria?

Live Mint  

This kind of idea leads to very crucial discussions in terms of equality and justice regarding the potential stereotypes in gender-based prerequisites for loan criteria in the finance industry. Hence, knowing the general eligibility criteria beforehand would be essential so that one could have better chances of approval and favourable terms: age, income, work history, credit score, and existing liabilities. …

Instant personal loans with a 500 credit score: Are you eligible? Find out now
2 months, 1 week ago

Instant personal loans with a 500 credit score: Are you eligible? Find out now

Live Mint  

Instant personal loans are offered to you by lenders based on your credit score and overall profile. Hence, getting an instant personal loan under your terms with a 500 credit score, is almost impossible. Siddharth Maurya, Founder & Managing Director,Vibhavangal Anukulakara, gave his valuable opinion on this and said, “A credit score of 500 is considered poor, making instant personal …

Personal Loan: What is the importance of KYC for instant loans?
2 months, 1 week ago

Personal Loan: What is the importance of KYC for instant loans?

Live Mint  

Have you ever wondered how a bank approves a personal loan within a few hours, sometimes within minutes, of applying? Banks often use eKYC to onboard customers for a range of services such as banking and also to apply for loans, or reverify personal details. At the outset, a customer gives his/her Aadhaar number and gives his/her consent to the …

Looking for an online personal loan? Check these 7 simple steps
2 months, 2 weeks ago

Looking for an online personal loan? Check these 7 simple steps

India Today  

In today’s fast-paced world, applying for a personal loan has become a quick and hassle-free process. REQUIRED DOCUMENTS To successfully apply for a personal loan online, you must provide the following key documents: Salary slips: Lenders require salary slips from the past three months to assess your repayment ability and financial stability. APPLICATION PROCESS Applying for a personal loan online …

Personal Loans: Your Path to Financial Freedom
2 months, 2 weeks ago

Personal Loans: Your Path to Financial Freedom

Deccan Chronicle  

Imagine turning your lifelong dreams into reality! Understanding Personal Loans Personal loans are an unsecured credit facility offered by financial institutions, allowing individuals to borrow a fixed amount of money for various personal needs without collateral. With predetermined interest rates and fixed repayment tenures, personal loans provide a structured borrowing option for debt consolidation, medical emergencies, home improvements, or travel …

How to apply for instant loan with Aadhaar card: Step-by-step guide
2 months, 3 weeks ago

How to apply for instant loan with Aadhaar card: Step-by-step guide

Live Mint  

In today's fast-paced world, one can encounter sudden and unexpected financial requirements at any point in time. What does instant personal loan on Aadhaar card mean? Key features of Aadhaar card instant personal loans High loan amount: With your Aadhaar card and relevant documents, you can raise up to ₹ 55 lakh loan for personal or business purposes. Eligibility criteria …

No credit score? Here’s how you can get a ₹30,000 personal loan
2 months, 3 weeks ago

No credit score? Here’s how you can get a ₹30,000 personal loan

Live Mint  

We often have unexpected hurdles to cross in our lives. Instant personal loan Instant personal loans are given within minutes or hours. How to get a personal loan without a credit score? Features of an instant personal loan Fast approval: It can approve a loan in less than five minutes. You must have a repayment plan to repay the loan …

Instant personal loans for housewives: How to secure one with ease – key tips
2 months, 3 weeks ago

Instant personal loans for housewives: How to secure one with ease – key tips

Live Mint  

Being a housewife is not an easy job. Instant personal loans Instant personal loans are short-term loans that provide rapid financial assistance. Low processing charges: Processing fees for personal loans targeting women are usually cheaper at banks and other financial institutions. Documents required for instant personal loan for housewives There are not major requirements of documents you just need to …

Instant loans for housewives: A step-by-step guide
Trending News
2 months, 3 weeks ago

Instant loans for housewives: A step-by-step guide

India Today  

Instant personal loans offer housewives quick financial relief with easy application, affordable rates, and fast approval. In such times, instant personal loans can provide much-needed financial relief. Instant personal loans are short-term, unsecured loans designed to provide quick financial assistance. KEY FEATURES OF INSTANT PERSONAL LOANS FOR HOUSEWIVES Affordable interest rates: Loans designed for women often come with lower interest …

Personal loan approval: How does your salary influence the decision? Find out
2 months, 3 weeks ago

Personal loan approval: How does your salary influence the decision? Find out

Live Mint  

If you want to get a personal loan, your employment as well as your income plays a major role in making your application eligible for the loan. Let us understand the role of your salary in loan approval of personal loans: Importance of gross income Gross income is the total income earned before the deduction of taxes which is an …

Instant Personal Loan: How to get approved without documents? A complete guide
2 months, 4 weeks ago

Instant Personal Loan: How to get approved without documents? A complete guide

Live Mint  

Even with personal money, convenience is the order of the day in today's fast-paced world. Introducing fast personal loans without documentation, a revolutionary way of quickly and efficiently accessing finance. Instant personal loans can be termed short-term financing opportunities that provide users with immediate money access. Features of getting an instant loan without documents Smooth application process: These loans are …

Instant Loan App: How it works and what you need to know before applying
3 months ago

Instant Loan App: How it works and what you need to know before applying

Live Mint  

The current financial landscape is constantly evolving, and the ways to avail credit have evolved immensely. Among the latest tech developments in the business world, an instant loan app is one of the latest additions that aims to provide loans quickly and conveniently. No paperwork: Instant loan apps require less documentation and zero paperwork to approve a loan. Instant loan …

How an instant loan against mutual funds works: Benefits and risks explained
3 months ago

How an instant loan against mutual funds works: Benefits and risks explained

Live Mint  

Mutual funds are a great way to start investing and understand how the market works while not taking many risky investments. Instant loan on mutual funds is a way to avail a loan instantly by providing mutual fund units as collateral. The amount of loan usually depends on the market value of your mutual funds portfolio. Loan amount: The loan …

How an instant loan against mutual funds works: Benefits and risks explained
3 months ago

How an instant loan against mutual funds works: Benefits and risks explained

Live Mint  

Mutual funds are a great way to start investing and understand how the market works while not taking many risky investments. Instant loan on mutual funds is a way to avail a loan instantly by providing mutual fund units as collateral. The amount of loan usually depends on the market value of your mutual funds portfolio. Loan amount: The loan …

Personal Loans For Big Purchases: Here Are Some Of The Pros And Cons
3 months ago

Personal Loans For Big Purchases: Here Are Some Of The Pros And Cons

ABP News  

A personal loan is a practical option for financing significant purchases or one might need for the unplanned purchase. Here Are Some Of The Advantages Of Taking A Personal Loan Fixed Interest Rates Unlike credit cards, which often have fluctuating interest rates, personal loans typically come with fixed rates. Potential For Lower Interest Rates Personal loans often have lower interest …

Personal loans: How fintech has reformed instant lending ecosystem — 8 key changes
3 months ago

Personal loans: How fintech has reformed instant lending ecosystem — 8 key changes

Live Mint  

Fintech is transforming the instant loan sector by capitalising on technology and thereby making the lending process faster, more efficient and more accessible to a broader audience. Smoother application process: Now, fintech companies offer online platforms and mobile apps for loan application processing, thus bringing down the need for paperwork and manual intervention. Bespoke loan offerings: Fintech companies provide small-ticket …

Top 5 myths about personal loan eligibility you need to stop believing
3 months, 1 week ago

Top 5 myths about personal loan eligibility you need to stop believing

Live Mint  

Personal loans are one of the most popular forms of credit which are opted by people if they are in need of quick cash and want to cover their financial needs temporarily. Personal loans offer instant loan disbursement and flexible repayment period which becomes a great choice if you are in an emergency and want financial assistance. If you do …

Credit cards: What is an instant loan, and should you get one?
3 months, 1 week ago

Credit cards: What is an instant loan, and should you get one?

Live Mint  

Credit cards have become more than just a luxury in these modern times. Instant loans on credit cards An instant loan on a credit card is a loan that is provided to you by the lender on the issued credit card. Unlike personal loans which usually take a long time to process and check eligibility to approve your loan application, …

Credit cards: What is an instant loan, and should you get one?
3 months, 1 week ago

Credit cards: What is an instant loan, and should you get one?

Live Mint  

Credit cards have become more than just a luxury in these modern times. Instant loans on credit cards An instant loan on a credit card is a loan that is provided to you by the lender on the issued credit card. Unlike personal loans which usually take a long time to process and check eligibility to approve your loan application, …

Instant personal loan apps on the rise: What every borrower should know
3 months, 1 week ago

Instant personal loan apps on the rise: What every borrower should know

Live Mint  

Traditionally, to get a personal loan, a borrower was required to visit the bank branch to enquire about the loan and make several visits to the branch to apply for a loan. Disadvantages of instant loan apps High interest rates: Some apps may charge high interest or levy hidden charges, taking advantage of people who are in need of emergency …

Instant personal loan apps: 6 ways to distinguish real from fake
3 months, 1 week ago

Instant personal loan apps: 6 ways to distinguish real from fake

Live Mint  

Instant loan apps have transformed the lending scenario by providing quick and easy access to finances with just a few clicks on your phone. Check out a few tips to distinguish genuine instant loan apps 1. Few signs of fraudulent instant loan apps Lack of KYC Know Your Customer or KYC process is used by lenders to verify the identity …

5 costly mistakes to avoid when applying for an instant personal loan
3 months, 1 week ago

5 costly mistakes to avoid when applying for an instant personal loan

Live Mint  

The need for funds can arise at any time for several purposes, such as medical expenses, educational costs, or any other unexpected needs. However, in emergency situations, due to the urgent need for funds, borrowers can overlook a few details and make mistakes while applying for an instant personal loan. If you apply for an instant personal loan with a …

Who Can Apply For A Rs 10,000 Instant Loan - Eligibility And Requirements
3 months, 1 week ago

Who Can Apply For A Rs 10,000 Instant Loan - Eligibility And Requirements

ABP News  

A ₹10,000 instant loan can be a quick and effective solution when faced with an urgent financial need. Employment Status Salaried individuals working in private or government organisations are eligible to apply Self-employed individuals such as business owners, freelancers, or gig workers are also eligible, though lenders may have stricter requirements for self-employed borrowers 3. Credit Score A minimum credit …

Instant personal loan: These are the top 9 reasons to apply for it
3 months, 1 week ago

Instant personal loan: These are the top 9 reasons to apply for it

Live Mint  

If you are in an urgent need of money and the requirement does not qualify for a specialised loan category such as a car loan or a business loan, then it is recommended to opt for a personal loan. Although one typically applies for a personal loan at a bank or an NBFC, one can consider opting for an instant …

Personal loan: What are the key eligibility criteria for instant loans?
3 months, 1 week ago

Personal loan: What are the key eligibility criteria for instant loans?

Live Mint  

If you fall short of funds and urgently need money for an unanticipated event, then one of the most feasible options is to avail a personal loan. Although most banks and financial institutions typically require borrowers to submit necessary documents before they give an approval on the case, some mobile lending apps tend to disburse loans instantly. Here, we list …

7 instant personal loan mobile apps you can explore in 2025
3 months, 2 weeks ago

7 instant personal loan mobile apps you can explore in 2025

Live Mint  

If you are falling short of money and urgently need funds to meet your deficit then one of the most feasible options that you can explore is to seek a personal loan. Although one can approach a bank or an NBFC for a personal loan, there are a dozen mobile applications also that enable users to procure a personal loan …

Personal Loans vs. Payday Loans: 10 crucial differences you need to know
3 months, 2 weeks ago

Personal Loans vs. Payday Loans: 10 crucial differences you need to know

Live Mint  

If you are short of funds and urgently need money to cover an unanticipated expense, you can rely on a personal loan. We are referring to the pay day loans, which are quite similar to personal loans but still vary in terms of interest rate, loan amount and repayment period, among other criteria. Purpose: Personal loans are offered by banks, …

How to calculate EMI for instant personal loans? A step-by-step guide
3 months, 2 weeks ago

How to calculate EMI for instant personal loans? A step-by-step guide

Live Mint  

Instant personal loans are a popular choice for people looking for instant cash to cover their expenses. What is an instant personal loan EMI calculator An instant personal loan EMI calculator is an online tool which helps you calculate your EMIs accurately and quickly. Since the loan tenures provided in instant personal loans is shorter as compared to other loans, …

Choosing the Right Type of Personal Loan for You
3 months, 2 weeks ago

Choosing the Right Type of Personal Loan for You

Live Mint  

Among the diverse financial products available today, personal loans stand out as a flexible and accessible option for individuals looking to meet their financial needs. Whether it's consolidating debt, funding a wedding, or managing unexpected medical expenses, personal loans can be the bridge to achieving your financial goals. Types of Personal Loans Understanding the different personal loan types can help …

Struggling with no job? Here’s how to get an instant personal loan
3 months, 2 weeks ago

Struggling with no job? Here’s how to get an instant personal loan

Live Mint  

Personal loans are a great option if you want quick access to funds in order to cover your expenses for a while. However, instant personal loans offered to unemployed individuals may attract higher interest rates and low principal amounts because of the risk involved for the lenders. How to secure an instant personal loan when unemployed Choose the right lender: …

How to choose the right personal loan? 7 crucial features to evaluate
3 months, 3 weeks ago

How to choose the right personal loan? 7 crucial features to evaluate

Live Mint  

One of the most commonly used forms of borrowing is a personal loan. A personal loan is an unsecured loan provided by a bank or a non-banking financial company to address personal needs such as, home renovation, wedding, education etc. Check out some of the features that you must look for in a personal loan Loan disbursal time: Before getting …

6 consequences of personal loans: What you need to know before signing up
3 months, 3 weeks ago

6 consequences of personal loans: What you need to know before signing up

Live Mint  

Personal loans are one of the quick sources of funds that cater to a variety of purposes such as debt consolidation, house repairs, and even sudden medical bills. High interest rates: As personal loans are not secured, they normally come with higher interest rates than other secured loans like mortgages and auto loans. Paying off debt with loans: Personal loans …

Personal Loan: 6 crucial things you need to know before borrowing
3 months, 4 weeks ago

Personal Loan: 6 crucial things you need to know before borrowing

Live Mint  

If you are planning to take a personal loan, it is important that you keep a few aspects in mind before you start with your application process. 6 key factors to consider before applying for a personal loan Understand your credit report: Credit score plays a major role in the personal loan approval process. Beware of misleading offers: Many lenders …

Personal Loan Repayment: 8 tips to pay off your loan faster
3 months, 4 weeks ago

Personal Loan Repayment: 8 tips to pay off your loan faster

Live Mint  

A personal loan may be a good financial tool when used judiciously. Let's have a look at the strategies to enable you to reduce your total debt, and pay off your personal loan more speedily. Principal and interest rate are typically repaid in equal monthly instalments while paying back a personal loan. It is easier and more economic to pay …

Personal loan: Before zeroing in on a lender, make note of 7 key points
Trending News
3 months, 4 weeks ago

Personal loan: Before zeroing in on a lender, make note of 7 key points

Live Mint  

If you are all set to borrow a personal loan, then the first and foremost thing that you need to do is to zero in on a bank to borrow the money from. It is recommended that you choose the best personal loan provider after examining your financial needs, carrying out a thorough research, and comparing different lenders and their …

Personal loans: How opting for multiple funding options can be a rational move?
4 months ago

Personal loans: How opting for multiple funding options can be a rational move?

Live Mint  

If you are suddenly short of funds, you should remember that you can always raise a personal loan to meet your demands. Instead of personal loan, you can also raise funds through an array of sources such as credit card and instant loan. Second, you can use multiple channels such as credit card, instant loan and personal loan. There could …

Personal loan: 10 key questions to ask yourself before opting for it
4 months ago

Personal loan: 10 key questions to ask yourself before opting for it

Live Mint  

If you are suddenly short of funds and do not wish to borrow from friends then one of the options that you can avail is to raise a personal loan. However, before raising a personal loan, make sure that the interest rate is not exorbitant, time duration is optimum, and the lender is reliable, so on and so forth. Let …

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