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Advantages of using an instant cash loan option

Advantages of using an instant cash loan option

Meticulous financial planning cannot prevent emergencies from occurring.  In such situations, additional financial support may be necessary. An instant cash loan online can be that quick support for you. The benefits of this loan are many, making it suitable for both small and larger cash needs.

Instant Cash Loan

An instant cash loan is an unsecured personal loan that provides a microloan facility with an easy application process. It can be availed of without providing any collateral or undergoing a hard credit check. This makes it perfect for meeting your emergency financial requirements. You can apply for an instant loan using its mobile app or official website. Our quick approval system is followed by instant disbursement, and within 24 hours, you can access the money in your account and start spending it on any need.”

Top 10 Advantages of Using an Instant Cash loan

  1. Quick and convenient: You can apply for an instant cash loan through an easy application process at FlexPay. Registration can be completed by simply entering your name, contact, and PAN details. Being an online credit facility, you can apply for this loan from the comfort of your own home. The app and website provide an auto-direct facility, making it easy to apply for your loan without any professional help.
  2. No collateral required: To get an instant cash loan, you don’t need to provide collateral. Approval is granted based on your salary slips and bank statements. In emergencies, you don’t have to depend on your friends or family for credit support. You can easily avail yourself of the loan from FlexPay in no time.
  3. Minimal documentation: One of the many advantages of an instant cash loan is minimal and digital documentation. After completing the simple application process, the auto-direct facility will lead you towards the documentation stage. You can complete this stage with your Aadhaar card, PAN card, salary slip, bank statement, and one passport-size photograph. No hard copy is required because you can easily upload all the documents using our app or on website.
  4. No stringent credit check:  FlexPay grants loans based on salary. This means that only your salary slips and bank statements are observed to evaluate your credit limit. You can apply for this loan even if your credit score is not very high. Sometimes a soft credit check is done, but a hard credit pull is never required. This loan is available to “new to credit” borrowers as well.
  5. Flexible repayment options: We offers flexible repayment options for this instant loan. You can pay off your dues in variable installments without any additional charges. Also, the repayment period is flexible, varying between 3 to 36 months. During this time, you can repay your loan at any time. As long as you are making minimum monthly payments, no penalties or late payment charges will be calculated.
  6. Versatility: Our instant cash loan online is a multipurpose loan. Unlike a car loan, home loan, or education loan, this is not a purpose-specific loan. You can use this money for all your financial requirements. It works as a one-stop solution for various financial needs you might have.
  7. Reasonable interest rates: This loan is available at a reasonable rate of interest. Based on your income and credit score, you can negotiate for a better rate of interest as well. Also there are no hidden charges on our loan.
  8. Better than credit cards: This loan works as continuous credit support, but it is better than a credit card. No annual maintenance charges are applied, and the rate of interest is comparatively lower. There are no hidden charges or late payment fees applied to the dues of this loan.
  9. No prepayment penalty: You can pay off your dues even before the tenure ends without any prepayment charges or foreclosure charges applied. If you are capable, you can easily repay your dues at any time. We encourages you to come out of your financial liabilities as soon as possible
  10. No need for a co-signer: We offers an easy loan based on your salary. The credit limit varies between Rs.500-Rs.2,00,000, and for this, only your income proof is enough. There is no need to look for a co-signer to get approval, even for the maximum credit limit.

FlexPay’s- get instant cash loan online is the smartest credit solution for salaried professionals to opt for. It comes with relaxed eligibility criteria and is open to people with a salary of Rs.8000 per month and above. Whether it’s an emergency or just for a shopping haul, catching the pink Friday sale, or joining your friends on a sudden travel plan, this loan can work perfectly for every need. Since approval is granted without any physical verification, you can complete the process through a video call in the comfort of your own zone. Without having to take a leave from the office or hustle through a lengthy application process, you can avail of this credit facility anytime and anywhere.