These days’ Personal loans can be easily availed online through various platforms, these loans are instant and offer a quick and easy solution to all your urgent financial needs. Seeing the features this loan has also been named as -Instant Loans.
Whether it’s about funding your medical emergency, a family wedding, to renovate your home, or paying your urgent bills an online personal loan (instant loan) can provide you funds for all your requirements.
Instant loans are mostly unsecured loans as you get money from lenders without pledging your assets. And if you are in search of a lender who is providing an instant loan online without any physical documentation, you are at the right place! Finance Buddha lends you an instant loan without any physical documentation process, through a completely online process. The loan gets approved on the same day without any hassle.
Benefits of Online Personal loans/ Instant Loans
- Online Personal loans are an ideal choice for those who are in need of immediate funds. This is because an online personal loan provides you funds within a few hours.
- Its multipurpose nature. Personal loan benefits include flexibility regarding the use of money borrowed. Money borrowed through a personal loan can be used for several purposes. Be it paying for your higher education, travel, wedding, medical expenses or your home renovation, a personal loan can serve them all.
- Other benefits associated with personal loan/Instant loans are the loan amount offered. With the Finance Buddha Insta loan, you can be up to ₹ 50 lakhs, for a tenure period of 5 years.
Features
Below are some of the features offered by an online personal loan.
- No collateral: Instant loans are collateral-free. The borrower doesn’t need to put any of his assets as security against their borrowing. Thus the borrower is free from risks.
- No hidden charges: Finance Buddha has a transparent system for personal loan processing. The entire process is completed online and you will get updated at every step.
- Instant approval: For Instant loans, the processing is done with the help of software & and automated algorithms which cuts down the entire processing time. The work which used to take 4-5 days is now completed in minutes. Thus, you get instant e-approval that too within minutes.
- 24*7 customer support facility: With Finance Buddha Insta loan you get 24*7 customer support.
- Flexible Repayments: Finance Buddha offers personal loans up to ₹ 50 lakhs. However, your eligibility is a big factor to decide your loan amount approval. Apart from a good loan amount, you get a flexible time period ranging from 1 to 5 years to repay your borrowed amount.
Eligibility Criteria
| Eligible Criteria | Salaried | Self-employed Professionals | ||
| Age (Min-Max) | 25-60 | 25-60 | ||
| Income | ₹400,000 | ₹600,000 | ||
| City | 180+ Cities across India | 180+ Cities across India | ||
| Employment | Full Time with at least 2 years of experience | At least 5 years of earning turnover | ||
| CIBIL | Required (750-900) | Required (750-900) |
Now that you know when you can avail a personal loan without documents, its benefits & features you can follow the personal loan application process and apply for it without any doubt.
