Instant personal loan apps on the rise: What every borrower should know
5 days, 8 hours 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 funds. Potential scam: Instant loan apps are relatively new to the financial landscape. Data privacy concerns: Instant loan apps request your personal information to verify your identity and apply for a loan. Providing your necessary details online may cause data privacy concerns if the instant loan app does not adopt measures to protect your data.

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History of this topic

Credit cards: What is an instant loan, and should you get one?
5 days, 6 hours 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: 6 ways to distinguish real from fake
6 days, 2 hours 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
6 days, 5 hours 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: These are the top 9 reasons to apply for it
6 days, 9 hours 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 …

7 instant personal loan mobile apps you can explore in 2025
1 week, 1 day 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 Loan: How is technology transforming the borrowing experience?
1 week, 5 days ago

Personal Loan: How is technology transforming the borrowing experience?

Live Mint  

The use of technology in the financial sector has revolutionised the entire process of borrowing and transformed the user experience to a new level. From a quick and efficient process of submitting loan applications to customised offers, technology has simplified the entire personal loan application journey. Online loan applications Now it is no longer necessary to go to the bank’s …

Instant Personal Loan: How does digital KYC expedite the approval process? Find out
1 week, 6 days ago

Instant Personal Loan: How does digital KYC expedite the approval process? Find out

Live Mint  

Over the past few years, the finance sector has witnessed technological advancements in almost all aspects of their working. How does digital KYC transforms instant personal loan approval process Seamless integration with loan portals: Online loan application and approval processes rely on digital KYC and verifies your identity in real time with the help of Aadhar card and Pan card …

Struggling with no job? Here’s how to get an instant personal loan
1 week, 6 days 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: …

5 key tips to boost your chances of instant personal loan approval
2 weeks, 5 days 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 …

Personal loans: How opting for multiple funding options can be a rational move?
3 weeks, 4 days 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: How to get a pre-approved personal loan? Eligibility, benefits and process explained
1 month ago

Personal Loan: How to get a pre-approved personal loan? Eligibility, benefits and process explained

Live Mint  

A personal loan is a widely used financial tool that helps individuals meet their funding needs. A pre-approved personal loan is provided instantly to selected individuals by various banks and NBFCs based on your creditworthiness and credit history. Interest rate: Due to your good credit history, you may get your personal at a lower interest rate while opting for a …

What is a personal loan? A comprehensive guide for first-time borrowers
1 month ago

What is a personal loan? A comprehensive guide for first-time borrowers

Live Mint  

Personal loan loans are flexible financial options that can be availed in pursuit of different goals of life such as paying an emergency medical bill, funding home improvements or realising that special dream vacation. Important factors to consider before taking personal loans 1.Loan terms and conditions: Before taking a personal loan, always read the fine print. 2. Credit score: It …

Instant Personal Loan: A Step-by-Step Guide to Getting Quick Cash
2 months ago

Instant Personal Loan: A Step-by-Step Guide to Getting Quick Cash

Live Mint  

An instant personal loan is a type of unsecured loan that can be applied for online, eliminating the need to visit a bank branch. The application process can be completed in just a few simple steps. To qualify for an instant personal loan, you typically need to meet the following criteria: Age, CIBIL score, and work experience. The loan is …

Unlock Quick Cash with Instant Loans: A Comprehensive Guide to Financial Solutions
2 months, 1 week ago

Unlock Quick Cash with Instant Loans: A Comprehensive Guide to Financial Solutions

Live Mint  

Instant loans are a type of credit that allows you to obtain funds in a short amount of time with minimal processes. These loans can be beneficial for various urgent financial needs, including medical emergencies, educational purposes, travel expenses, and wedding expenses. To apply for an instant loan, you can visit the official website of your respective bank and fill …

Tradofina Redefines Convenience with Personal Loan Innovations
6 months, 1 week ago

Tradofina Redefines Convenience with Personal Loan Innovations

Hindustan Times  

Nowadays, opting for personal loans has become easier due to the emergence of digital platforms. As one of the leading instant personal loan platforms, the Tradofina app allows borrowers to go through a smooth process of getting loans with zero paperwork. So, let's shed light on the benefits of personal loan innovations that set small personal lending companies apart in …

What are instant personal loans? Here are 6 essential features that define them
6 months, 4 weeks ago

What are instant personal loans? Here are 6 essential features that define them

Live Mint  

Instant personal loans are a loan category specifically crafted to offer rapid access to funds, typically featuring a quicker approval process compared to standard personal loans. Diminished loan amounts : Compared to conventional personal loans, instant personal loans frequently have lower maximum loan amounts. : Compared to conventional personal loans, instant personal loans frequently have lower maximum loan amounts. Best …

Hero FinCorp: Fast-Track Your Financial Freedom with Instant Personal Loans
1 year, 5 months ago

Hero FinCorp: Fast-Track Your Financial Freedom with Instant Personal Loans

India TV News  

In a world where financial emergencies can strike at any moment, having access to instant personal loans can be a lifesaver. This article explores how Hero FinCorp's instant personal loans provide the necessary financial boost when you need it most. Competitive Interest Rates The Instant Loan App by Hero FinCorp provides borrowers with the opportunity to avail of personal loans …

5 scenarios in which quick Personal Loans can be useful
1 year, 6 months ago

5 scenarios in which quick Personal Loans can be useful

India TV News  

Getting credit now is easier than ever before. Here, personal loans are a viable choice because you can use the funds without any restrictions, and this includes paying off existing high-interest credit. You only have to pay the interest applicable on the personal loan Moreover, when you consolidate your debt, you are effectively closing your other credit accounts. Lenders provide …

Instant, app-based loans could lead you to debt traps
3 years, 2 months ago

Instant, app-based loans could lead you to debt traps

Live Mint  

The adoption of technology amid covid-19 in the Indian financial ecosystem is on an overdrive. The promise of real-time access to loans makes instant app loans more attractive than personal loans from established banks, especially for urgent requirements. Loan sharks: Regulators in advanced economies such as the UK and the US have issued strict guidelines against loan sharks offering instant …

Loans from app-based lenders can hit you hard
4 years, 6 months ago

Loans from app-based lenders can hit you hard

Live Mint  

Over the past year or so, many fintechs mushroomed to give small loans and borrowers fell for them, given the quick turnaround time and limited documentation required. A search on Google Play Store app store for the keywords “instant loan” displays over 200 apps that are willing to put cash in your bank account. Among multiple lenders that she took …

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