Instant Personal Loans

Instant personal loans for Salaried employees include people working in government and private enterprises, doctors, CAs, employees of Public and Private limited companies, MNC employees, and Government Sector employees including the public sector undertakings.

Life is full of uncertainties and one can encounter a financial emergency at any time. There are situations where employees often have to run from pillars to post to get financial assistance. In such a situation, every second count and getting financial assistance on time can make everything fall in place. An Instant personal loan is such a facility that helps you get money being at your desk. This loan can be availed easily to fulfill any of your personal financial needs be it a health emergency or an urgent bill payment. 

Instant personal loans are totally unsecured loans and hence can be availed without pledging any collateral or security against it. The loan is 100% online, which reduces the stress of going bank and completing the tons of paperwork. There are several banks, NBFCs and DSA offering online personal loan facilities. The wide availability of loans from a number of lenders provides you with options to choose from them as per your requirement & preference. Let us discuss some of the insta loans offered by the top banks in brief.

SBI Personal Loans 

SBI offers insta personal loans to salaried employees at quite affordable rates. Whether it’s your wedding, a planned vacation or an unplanned emergency, SBI provides quick approval and instant disbursal of an insta personal loan application through their SBI’s Xpress Credit Personal Loan.

Features

  • The loan is offered only for those who have a salary account with SBI bank.
  • Minimal Documentation
  • Loan amount up to 20 lakhs.
  • Low-interest rates.
  • No hidden charges involved.
  • Provision for second Loan available.
  • No security, no guarantor.
  • Interest on daily reducing balance.
  • Low processing charges.

Axis Bank Personal Loans 

Axis Bank offers instant personal loans for all your personal needs. You can avail this loan to fund your dream vacation which you have been dreaming of or to renovate your simple home to turn it into your dream home. You can even opt for an Axis bank personal loan to fund your temporary business needs. 

Features

  • Loan available for both salaried & self-employed individuals/professionals.
  • Fast processing.
  • No collateral required.
  • Minimal documentation needed which includes-
    • Duly filled application form
    • KYC documents
    • The duly signed loan agreement
  • Hassle-free process
  • Minimum net monthly income required is – ₹15,000

ICICI Bank Personal Loans

ICICI personal loans are the best way to meet your expenses. The loan provides funds in very less time making it one of the best options when in need of urgent funding. A Personal Loan with ICICI bank is the online facility that provides quick access to funds. One more plus point with this loan is- no collateral is required for any loan amount. 

Features 

  • Quick & Easy documentation process
  • Pre-payment & pre-closure facility available
  • Lock-in period is 12 months
  • Starting at an interest rate of 10.75% p.a
  • Minimal eligibility criteria
  • Online loan processing facility available
  • No collateral required
  • EMI calculator is available on the official website.

Finance Buddha Personal Loans

Finance Buddha is one of the leading DSAs offering Insta Loan facilities to the salaried employees in 180 cities across India. The process is 100% online which makes the entire processing fast. To apply you can visit https://financebuddha.com/insta-loan and fill the online application form. One can avail an instant loan online ranging from ₹50,000 to ₹50 Lakhs without any physical paperwork.

Features

  • 100% Paperless processing
  • Get Instant eApproval in just 2 hours
  • Fast processing
  • Loan Amount Starting from ₹50,000 and can go up to ₹5,000,000 (depending on the applicant’s profile)
  • Tenure period ranging from 12 months to 60 months
  • Interest Rate Starting from 10.5% p.a
  • Enjoy a hassle-free processing
  • Documents required are-
    • PAN Card Copy
    • AADHAAR Card Copy
    • Government Issued ID Card
    • 3 Months Bank Account Statement
    • Latest Electricity/Telephone/Credit Card Bill
    • Passport/House Lease Agreement

HDFC Instant Personal Loans

HDFC has been among the most reputed banks in India and it is trusted by a large number of people for its services. Instant personal loans are one of such services for which HDFC bank has been known for. Instant loan by HDFC is the same as a personal loan but comes along with some added benefits such as fast disbursal and pre-approved facilities for the existing users.

Features

  • Online personal loan facilities are available.
  • Pre-approved facility for the existing users
  • Disbursal within hours
  • No collateral required
  • Hassle-free processing
  • Pocket-friendly interest rates
  • Flexible tenure available to suit your requirements
  • Minimal eligibility criteria to be fulfilled