What is an Instant Cash Loan?

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If you ever find yourself in need of extra cash for travel, medical bills, education, shopping, or any other urgent expenses, consider an instant cash loan. This loan is a one-stop credit solution that can provide the funds you need to supplement your regular income.

The loan application process is easy and can be done online 24/7. Minimal documentation is required, and approval is instant. There are no hard credit checks or collateral required, making it an easy-to-obtain instant loan. Plus, there are no hidden charges or fixed EMIs, which makes it easy to manage your repayments.

To qualify for the loan, you only need to provide your salary slips and bank statements. With a minimum monthly salary of Rs. 8,000, you can get a credit of up to Rs. 2,00,000 in the form of a line of credit. The loan comes with a reasonable rate of interest and can be used for any purpose you like.

To find out how much credit you are eligible for, simply check online. You can get an instant cash loan online within 1 day, without any waiting time. This flexible credit solution is perfect for salaried employees looking for a boost to their income.

How it works

If you need an instant loan in just 5 minutes, you can apply for an instant cash loan. This loan is available as a line of credit exclusively for salaried professionals. A line of credit is a pre-approved credit limit that you can use as per your needs. Interest is calculated only on the amount you withdraw and is not levied on the unused credit limit.

Since the interest is calculated based on the amount you use, a line of credit can be a cost-effective credit option compared to an instant cash loan. The instant cash loan in India also applies a reasonable rate of interest and comes with zero hidden charges. Even if you withdraw money at irregular intervals and in variable amounts, you are charged only a one-time processing fee at the time of approval. You can then continue to use the instant quick loan with no additional charges.

Eligibility for Instant Cash Loan

This instant loan provider in India offers loans with relaxed eligibility criteria. To apply for this loan, you need to meet three basic requirements

Citizen Must be an Indian Citizen
Age Must be above the age of 18
Occupation You must be a salaried professional.
Income You must have a minimum monthly salary of Rs. 8,000.

By meeting these criteria, you can easily qualify for an instant loan in just 5 minutes. Depending on your income and repayment preferences, you can also check the credit limit you are eligible for by using the mobile app or official website.

Features and Benefits:

Online access
This instant cash loan is a 100% online credit facility. Everything from checking eligibility criteria to documentation and credit check is completed online, saving time and enabling instant credit access.
Simple Application
This instant loan has a short and simple application process. Registration can be completed with only name, contact, and PAN details. The application process also requires only income, occupational details, and address information.
Minimal & digital documentation
Minimal documentation is needed to take this instant paperless loan. Documents required include an Aadhar card, PAN card, salary slips, bank statements, and a passport-sized photograph.
E-KYC for verification
Verification is also completed online through a video call as a part of the 100% instant paperless loan process. No physical verification is required.
Instant approval and disbursal
Verification is also completed online through a video call as a part of the 100% instant paperless loan process. No physical verification is required.

Why choose FlexPay for an Instant Cash Loan

Unsecured loan
This instant loan online is an unsecured personal loan, meaning no collateral is needed. Approval is based on a salaried income and sometimes a soft credit check, but never a hard credit pull.
Flexible repayment and tenure
FlexPay's instant cash loan in India has flexible repayment options, with variable installments accepted without additional charges. The flexible tenure of 10 - 36 months allows for the loan to be paid off at any time, without any penalties or fines.
Track Spending
The FlexPay app records expenses and repayments, enabling better budget management and savings.
Scan and Pay
The FlexPay app also works as a buy now pay later app, allowing for easy QR code payments and providing an end-to-end encrypted credit platform.
24/7 availability
The FlexPay instant cash loan can be applied for online 24/7 using the app or website, and customer support is available for any queries.

How to Apply for an Instant Cash Loan on FlexPay App?

  • Registration: The application for FlexPay instant cash loan online starts with registration. It's a similar process to opening a bank account for taking a loan. But it's simpler and instant. Here, the registration only takes your name, contact, and PAN details.
  • Application: In the application form, you have to provide the loan amount you need along with its tenure. Here, you also have to enter your income and employment details.
  • Documentation: While taking an online instant loan at FlexPay you have to simply upload all the documents. It's an instant paperless loan that demands no soft copy of the records.
  • Verification: In this loan, no physical verification is done. Using the e-KYC through a video call you can complete the procedure.

Instant Cash Loan in your City

You can avail of the FlexPay instant credit line in every city of India following its online application. We proudly announce that we have become the instant loan provider for serving over 18,000 pin codes in India. Metro cities like Delhi, Mumbai, Chennai, Hyderabad Bangalore, Calcutta, and Lucknow are of course the epicenters of FlexPay customers. But, Small towns are no exception as well where unsecured loan from FlexPay is chosen over and over.

Since you can apply for this loan online in India from anywhere and anytime, even when you are traveling you can go for it. Suppose you are traveling to metro cities Hyderabad, Bangalore, Delhi and Mumbai etc. this loan is for you. Spending on a beach vacation like visiting Goa, Pondicherry or Andaman, is no exception where you can't just travel and cover the fold and tariff payments as well. In case of urgent monetary needs like medical expenses for an instance, you can easily access this instant cash loan in 5 minutes.

Instant Cash Loan Options

FlexPay instant quick loan is a flexible credit option that comes with a generous credit limit. You can borrow the minimum credit of Rs.500 using this while the maximum credit it offers is Rs.2,00,000. A large credit limit makes it equally good for small and bigger expenses.

Instant Cash Loan Benefits:

FlexPay Instant Cash Loan offers a host of benefits for salaried professionals who need extra cash. Some of the key benefits include:

Quick and Easy Application
The loan application process is easy and can be done online 24/7, without the need for physical documents.
Minimal Documentation
Only a few documents such as an Aadhar card, PAN card, salary slips, bank statements, and passport-sized photograph are required for the loan application.
Instant Approval
The loan approval process is instant, which means you can get access to the funds you need within minutes.
No Hard Credit Check
There are no hard credit checks required for this loan, which means your credit score is not affected.
Flexible Repayment Options
FlexPay Instant Cash Loan offers flexible repayment options, with variable installments accepted without additional charges. The flexible tenure of 10 - 36 months allows for the loan to be paid off at any time, without any penalties or fines.
Unsecured Loan
This instant loan online is an unsecured personal loan, meaning no collateral is needed.
Online Access
FlexPay instant cash loan is a 100% online credit facility, with everything from checking eligibility criteria to documentation and credit check completed online.

Conclusion

FlexPay Instant Cash Loan is a great credit solution for salaried professionals who need quick access to extra cash. The loan application process is easy, and you can get access to funds within minutes. With flexible repayment options and no hard credit checks required, this loan is a cost-effective and convenient option for anyone in need of urgent monetary assistance.

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FAQs

An instant cash loan is an unsecured short-term personal loan given based on the income statement of the borrower. These loans sometimes can ask for a soft credit check but never a hard credit pull. These loans are unsecured without any collateral you can avail of them in no time.

There are several options available in the market that can provide you with immediate access to funds. Three of the most commonly used options are applying for an instant cash loan, getting a cash advance from your credit card, or applying for a line of credit. These options are unsecured, meaning that you can access them based on your income and credit history without having to provide collateral. When you apply for an instant cash loan, you can enjoy a flexible credit limit and do not need to provide any collateral.

To apply for a loan in India, you must be a citizen of India and be at least 18 old. In addition to meeting these requirements for an instant loan, you must also provide proof of a stable source of income by presenting your income statement. The minimum eligibility criteria for instant loans vary from lender to lender, including minimum income and credit limit requirements. Based on your personal details, requirements, and repayment preferences, you can select the appropriate lender for your instant loan needs. At FlexPay, individuals with a monthly salary of Rs.8000 or more are eligible to apply for a credit limit of up to Rs.2 Lakhs.

In case of default in repayment penalties and late payment, charges are added with the due repayment installment of an instant loan. Since this loan is an unsecured loan the borrower does not have to cover the loss by selling the mortgage as it is. Hence the loan goes into bad in the books of the lender but it hampers your credit health and credit just got bad. In the future, if you try to borrow alone chances of rejection are high. It is also possible that you don't get an unsecured loan in the future.

An instant cash loan works the same as any other personal loan. Here you apply for a loan, upload the documents and complete the verification process to seek approval. Once approved immediate disbursement is granted and you can start spending the money as you need. The lump sum amount is credited to your account and the interest starts accumulating from day one on the total sum. You pay back your dues and fixed or variable monthly instalments called EMIs. Each EMI consist of a portion of the principal amount borrowed added with the interest. These loans come with a fixed tenure during which you have to pay off your dues completely.

No, you cannot get an unsecured instant cash loan without income proof. A stable source of income, income details, and credit history; represent you as a potential borrower. These things tell the lender whether you are eligible to get a loan or not. They also ensure the lender that you can pay off your loan on time or not. If you don't have any income proof the lender cannot give you an unsecured loan. But you can apply for a secured loan without any income proof. In this, you will have to mortgage one or some of your assets to get the approval. The property papers, saving certificates, motor vehicle papers et cetera or a few assets that can be used as collateral to apply for a loan without income proof.

Yes, you can get an instant cash loan without a salary slip if you present another income statement. Income from business income from capital gain and income from any other head can be presented to apply for an instant loan. As long as the lender is assured that you can pay off your dues on time without any default you can apply for a loan without a salary slip. Many lenders also exclusively offer a loan to self-employed people. You can look for those options and apply for a loan.

Yes, you can get a loan without documents if you apply for a loan with your existing lender. In such a situation the lender already has all your records and based on that the approval for a new loan can be granted. Also if you apply for a cash advance using your credit card limit you can get a loan without documentation because in this case as well the lender already has your details.

Based on your credit history and high credit score you can avail of cash immediately. Many lenders exclusively give a loan based on your income. Apart from these cases will have to provide the mandatory documentation for applying for a loan. FlexPay is one such lender that gives the loan in form of a line of credit exclusively to salaried professionals. Here credit renewal is possible without documentation but if you are a first-time borrower you will have to provide the minimum documents. It is completed with your Aadhaar card, PAN card, salary slip, and one passport-size photograph.

Applying for an instant cash loan using the mobile app of FlexPay can give you the fastest loan. It is a simple online application process where the registration is completed just with your name, bank, and contact details. In the next stage, you have to provide your occupational and income details along with the loan amount required in the terms desired. Further, you upload all the documents and complete e-KYC for verification. After successful notification, no waiting time is there approval and disbursement. Within one day of application, we can access the money in your account using this credit facility.