Instant Online Loans For Low Or Cibil Defaulter In India

Does this title kind of look contradictory to other contents on this site? 

Well, let me explain.

I have not seen people trying to make money online for a hobby or so. Instead, the reason they took to online business is the need for money. This need differ according to each individual’s requirements and desire!

When I started out, I need money. I was in huge debt. The conviction that I need to do something to be freed from all the hardships my family faced due to lack of money pushes me to strife on.

Even if I have an absolute plan and know what to do, I have no money to start with. That is when I stumbled upon these nuggets which help me immensely in my times of need and despair. 

My best advice would be to seek help from your family or friends first. If you couldn’t find any help or you would prefer to not trouble or let anyone know your predicament, you can go for these types of loans. After all, you can’t keep on asking your friends or family members for monetary support every time, right?

Thanks to the digital world. Gones are the days you need to visit banks or any lending institutions now that you can avail of as much loan as you want from the comfort of your home and at your fingertips.

However, I must warn you that, these loans aren’t cheap at all. On top of that, they offer it for a shorter period of time. 

The advantages of these loan apps provided are numerous. However, there are also bouts of disadvantages you must consider too.

Important Things You Need To Know Before Taking Instant Online Loan Apps

1. These apps charged as high as 0.1% per day and if delayed, the charge they levied can be enormous. But mostly the interest is up to 3%.

2. Always try to pay on or before the due date for lesser interest and gain more points for ranking. Better still, clear your loan as early as possible.

3. Once their customer with all your documents verified, you can avail loan according to your credit limit any time.

4. Your credit limit will increase according to your repayment history.

5. No physical verification is required, you can upload your documents online and e-sign with your Aadhaar number. (Some platforms do physical verification where you need to submit a signed cheque too).

6. The NACH mandate form can be e-signed. That way it is a completely paperless process.

7. If you happened to miss the due date for an extended period of time, they will call you almost every hour, talk very roughly and some might even threaten you!

8. Take the credit if you have no other choice. (In fact, many would rather take it from them instead of asking from friends and kind of humiliate oneself).

What Are The Requirements For Taking Quick Online Loans?

The basic requirements you need to upload while applying for online quick loans are:

1. PAN card (Compulsory)

2. Aadhaar Card (Compulsory)

3. Voter ID Card, Electricity, Phone, or Gas Bill (Compulsory for address proof. Aadhaar card also can be used for the same).

4. Salary Slip (Not compulsory on all platform)

5. Bank Statement (Not compulsory on all platform)

6. Working email id (Compulsory) or you can sign up using your Facebook profile

 

Instant Online Loan Giving Apps And Sites

Most of these platforms gave direct lending to customers which makes it more convenient and you’ve got more chances of approval as they have more lenient lending conditions and do not make Cibil the deciding factor to give you money, unlike banks which completely depends on your Cibil score of 750 or above!
 
Instant-online-loans-in-india-

MoneyTap is India’s first app-based personal credit line, offered in partnership with banks and NBFCs.

With the tap of a button, this app lets you borrow as little as ₹ 3,000 or as much as ₹5 Lakh depending on your credit limit that is set by the banking partners.

More importantly, you pay interest only on the withdrawn amount.

  1. Consumer Durable Loan
  2. Debt Consolidation Loan
  3. Education Loan
  4. Home Renovation Loan
  5. Laptop Loan
  6. Marriage Loan
  7. Medical Loan
  8. Mobile Loan
  9. Travel Loan
  10. Two-Wheeler Loan
  11. Used Car Loan

Apply at MoneyTap here.

1. Indian Resident.
2. Source of a monthly income.

Apply at MoneyTap now!

  • Aadhaar Card (preferred, not mandatory) or at least Aadhaar Number
  • Pan Card (mandatory)
  • Your company name, company email address
  • Net banking login information for your salary account.

Register at MoneyTap here.

This app lets you borrow as little as ₹ 2,000 or as much as ₹ 5 Lakhs depending on your credit limit that is set by our banking partners. 

The initial borrowing amount is ₹2,000 which will increase according to your repayment history.

Start borrowing at MoneyTap now!

The interest rates for MoneyTap loans typically range from 13% to 18% annually.

The exact interest rate depends on your credit score which is based on your repayment record, defaults and bounced cheques.

A good advantage MoneyTap offers to their customer is, you give interest on the amount you use only even if you don’t want to use all the amount you have been approved i.e your credit line.

Your loan is generally transferred instantly as soon as all your documents are verified. In order to process your loan quickly, you should upload the necessary documents in the necessary formats and make sure they are clear and legible.

You will get your loan within few minutes.

Get instant cash loan at MoneyTap now!

The repayment tenure can range from 2 months to 5 years. So, every personal loan lender offers the loan for a minimum and a maximum period, which varies from lender to lender.

2. CASHe

It is a Fintech company that provides fast, flexible, unsecured personal loans through a mobile application to young salaried millennials across India.

CASHe was founded in 2016 by V. Raman Kumar, whose aim was to bring millions of young salaried millennials who were denied credit by conventional banks and financial institutions into the formal credit system.

  1. Instant Loans
  2. EMI Mswipe Card

Avail quick loan at CASHe now.

  1. Any Indian resident above the age of 18.
  2. Having a proof of current employment.
  3. Monthly earning of ₹15,000 or more.
  4. A Bank account.
  5. Having a Facebook/Google+/LinkedIn account.
  6. Having a valid identity and address proof.

Apply quick loan at CASHe now.

  1. For 62 Day loan, you can avail loan amount up to 60%  of your net take home salary.
  2. For the 90 Day loan, you can avail a loan amount up to 110% of your net take home salary.
  3. For the 180 Day loan, you can avail loan amount up to 210% of your net take home salary.
  4. For the 270 Day loan, you can avail a loan amount up to 310% of your net take home salary.
  5. For the 1 year loan, you can avail loan amount up to 400% of your net take home salary.

Check your eligibility at CASHe now.

You can opt to borrow personal loans starting as low as ₹9,000 to a maximum of ₹3,00,000 with a repayment period of 62,90,180.270 days and 1 year.

Avail quick loan at CASHe now.

  1. The rate of interest of 62 Day loan is calculated at 3% per month on the loan amount.
  2. For the 90 Day loan, the charge is calculated at 2.75% per month.
  3. For the 180 Day loan, a 2.50% per month.
  4. For 1 year loan, the rate of interest is calculated at 2.50% per month on the loan amount.
  • A 7 day interest-free Grace Period is offered for repayment of the dues at the end of every paying month.
  • However, any subsequent delays would incur a 3% flat interest fee (including the 7 day grace period) on subsequent weeks thereafter.

Avail quick loan at CASHe now.

Your loan is generally transferred instantly as soon as all your documents are verified. In order to process your loan quickly, you should upload the necessary documents in the necessary formats and make sure they are clear and legible.

You will get your loan within a day – within few hours.

The service is fast enough.

Avail quick loan at CASHe now.

Your repayment will be done on EMIs according to the amount of loan you take from 3 to 8 emis.

Avail quick loan at CASHe now.

 
 
Avail your quick loan at QuickCredit now.
  • Over 21 years of age.
  • An Indian resident.
  • Earning (either salaried or self-employed).

Apply at QuickCredit here.

  • Proof of ID (POI): Company ID or Pan Card
  • Proof of Address (POA): Passport or Aadhaar Card or Driving License or Voter ID
  • Latest Salary Slip
  • Bank Account Statement for the last six months.

Register at QuickCredit here.

The minimum amount you can borrow started at ₹10,000 to ₹1,00,000 which depends of your eligibility.

Check your eligibility at QuickCredit now.

  • Interest & Fees = Processing Fee + Interest + Service Charge.
  • Processing Fee =  ₹100 or ₹300 or ₹500 depending on the membership.
  • Interest = Amount Borrowing*Rate of Interest*Tenure; Rate of Interest = 1% for 30 days.
  • Service Charge = Amount Borrowing*Rate of Service Charge*Tenure.
  • Rate of Service Charge = 0.3% for 1 to 5 days; 0.4% for 6 to 10 days; 0.5% for 11 to 30 days.

Take instant loan at QuickCredit now.

Your loan is generally transferred instantly as soon as all your documents are verified. In order to process your loan quickly, you should upload the necessary documents in the necessary formats and make sure they are clear and legible.

You will get your loan within a day – within few hours.

The service is fast enough.

Get your instant money now.

The maximum repayment period is 30 days with no extension.

You give lesser interest rate when you repay your loan earlier.

It is an Instant Personal Loan Platform for Indian mobile users. Presented by P C financial Services Private Limited, RBI registered NBFC.

CashBean fulfills customers’ financial needs 7*24 completely online. The application process takes just a few steps with minimal documentation in no more than 10 minutes and the approved loan amount is immediately transferred to the applicant’ s bank account.

Get fast, fair, convenient and affordable online loans on CashBean. — Indian instant personal loan app.

Why CashBean?
1. No credit history required.
2. Paperless and digital process on your mobile.
3. Get 24×7 access to loan anytime and anywhere.
4. Speedy review in 30 minutes.
5. Disburse to your bank account directly in 5 minutes once approved.
6. Available across India.
7. As the credit score grows, the Sanctioned amount gradually increases. Variety of convenient repayment methods.

1. Indian Resident.
2. 21-56 years old.
3. Source of a monthly income.

Apply for cash loan at CashBean now!

  1. PAN Card.
  2. Aadhaar Card.
  3. Salary Slip.
  4. Bank Statement.

Register at CashBean and get your instant cash now!

The initial borrow amount starts at ₹2,000, which will increase once you did your successful repayment on time.

Start borrowing at CashBean now!

Depends on the customer’s risk profile and loan tenure. The maximum interest rate is 33% per annum.

For example: If the loan amount is ₹10,000 and the interest rate is 30% per annum with the tenure of 91 days, after deducting the processing fee, the interest payable is as follows :
Interest = ₹ 10,000 * 30% / 365 * 91 = ₹ 748.

Avail your Cash loan here now!

Your loan is generally transferred instantly as soon as all your documents are verified.

In order to process your loan quickly, you should upload the necessary documents in the necessary formats and make sure they are clear and legible.

You will get your loan within few minutes.

Get your quick cash here now!

The initial repayment period is 15 days. Longer days repayment period will unlock according to your repayment.

RupeeRedee is a new-age financial services platform that leverages technology to make lending quick and easy.

 

It facilitate disbursal of short-term Personal Loans via our website & mobile app for both Salaried and Self-employed customers addressing all your daily and instant needs.

 

RupeeRedee provides a quick and easy way to access instant loan for your last minute and short-term financial needs- be it month end EMI payments, emergencies, festival or lifestyle expenses.

Instant Personal Loan for all your need.

Get instant cash at RupeeRedee now!

  1. Any individual aged between 18 – 65 years.
  2. Having a monthly income of minimum Rs.15,000 through any authentic source.

1. Address Proof (acceptable documents – Aadhaar, Passport, Driving Licence, Voter Id, Utility Bills (Landline, Postpaid Mobile, Electricity, Gas)
2. Identity Proof (acceptable documents – Aadhar, PAN, Passport, Driving Licence, Voter Id).
3. Latest Photograph
4. PAN Card.

5. Bank Statement/ Access to bank account details.

Register and get instant cash at RupeeRedee now!

You can borrow from ₹5,000 to ₹25,000 depending on your eligibility for a period of 7 to 30 days.

Get instant cash at RupeeRedee now!

Upfront Processing Fee – To be deducted from approved amountstarting from 400 + GST..

Loan Foreclosure/Pre-payment Charges: 0%

Rate of Interest: 0.20% per day.

Service Fee: 0.68% per day + GST

Extension Fee: 0.42% per day + GST

Late Payment Penalty: 3.39% per week + GST

Get instant cash at RupeeRedee now!

Your loan is generally transferred instantly as soon as all your documents are verified.

In order to process your loan quickly, you should upload the necessary documents in the necessary formats and make sure they are clear and legible.

You will get your loan within a few minutes.

Get instant cash at RupeeRedee now!

It is from 7 days to 30 days.

 Use the coupon code ” zyi6xheyeg “ and get ₹200 off your repayment amount.

EarlySalary is an innovative lending platform that change the way loans in India are taken.

Being a new age online brand, it bring together new credit scoring systems for superior customer profiling.

It is also quite easy to get credit line in EarlySalary. In fact, it was my first app to take instant cash loan.

Apply at EarlySalary here. Use the coupon code ‘ zyi6xheyeg ‘ and get ₹200 off your repayment amount.

  1. Instant Cash
  2. Education Loan (School Fees)
  3. Salary Advance
  4. Shopping Loan (Amazon & Flipkart)
  5. Travel Loan (Make My Trip)
  6. Wedding Loans

Apply at EarlySalary here. Use the coupon code ‘ zyi6xheyeg ‘ and get ₹200 off your repayment amount.

  1. Must be a resident of India.
  2. Must be above 21 years and below 55 years of age.
  3. Salaried individuals with a minimum salary of ₹18,000 (Metro Cities) and ₹15,000 (Non-metros).

1. Address Proof (acceptable documents – Aadhaar, Passport, Driving Licence, Voter Id, Utility Bills (Landline, Postpaid Mobile, Electricity, Gas)
2. Identity Proof (acceptable documents – Aadhar, PAN, Passport, Driving Licence, Voter Id).
3. Latest Photograph
4. PAN Card.

5. Bank Statement/ Access to bank account details.

Apply at EarlySalary here. Use the coupon code ” zyi6xheyeg ” and get ₹200 off your repayment amount.

You can take loan as high as ₹5 Lakhs depending on your eligibility.

You can take loans from the shopping, travel and education sections of the app in the meantime.

The minimum gap between 2 cash loans is 3 days: Do plan for this time gap accordingly.

Apply at EarlySalary here. Use the coupon code ” zyi6xheyeg ” and get ₹200 off your repayment amount.

The fees and charges may include:

1) Interest Rate

The interest rate does not exceed 2.5% p.m.

All charges/fees are subject to GST and will be charged extra at the prevailing GST rate. The current GST rate is 18%

2) Processing Fees:

Loan Amount: ₹5,000 to ₹10,000
First Loan: ₹150 
Second Loan: ₹150
Subsequent Loan: ₹150

Loan Amount: ₹10,000 to ₹30,000
First Loan: ₹300 
Second Loan: ₹200
Subsequent Loan: ₹200

Loan Amount: ₹30,000 to ₹60,000
First Loan: ₹600
Second Loan: ₹300
Subsequent Loan: ₹300

Loan Amount: ₹60,000 and above
First Loan: 1.5% of the loan amount
Second Loan: ₹500
Subsequent Loan: ₹500

3) Late payment charges

In case of delay in payment of Amount Due, you will be charged a late payment fee not exceeding 3% per month on the amount due, subject to a minimum of ₹500.

4) Repayment Instrument(s) mandate reject charge:
In the event, the repayment instrument(s) mandate registration is rejected, Early Salary will charge rejection charges not exceeding ₹250 per rejection.

5) Charges for bouncing of the Repayment Instrument(s):
In case of default by reason of the Repayment Instrument(s) being dishonored, Early Salary will charge ₹500 per month / per default towards its dishonor.

6) Prepayment Charges:
Not exceeding 2% of the Prepaid Amount. But,currently it don’t charge for prepayment.

7) Stamp Duty:
Stamp duty – 0.1% of the sanctioned amount or ₹100, whichever is higher. This is charged only on the first loan.

8) Overdue Interest
Overdue interest will be charged at 30% p.a. on the total overdue amount on a daily basis. Overdue balance means principal outstanding and due interest.

Apply at EarlySalary here. Use the coupon code ” zyi6xheyeg ” and get ₹200 off your repayment amount.

Your loan is generally transferred instantly as soon as all your documents are verified. In order to process your loan quickly, you should upload the necessary documents in the necessary formats and make sure they are clear and legible.

You will get your loan within a few minutes.

An average customer takes 8-minutes to qualify, after opening the app.

Apply at EarlySalary here. Use the coupon code ” zyi6xheyeg ” and get ₹200 off your repayment amount.

Your repayment EMI (which is generally 3 to 6 EMIs) dates will be shown in the app.

Penalty charges will be applied for every day that the loan is overdue.

You’ll be charged ₹500+GST or 3% of the loan amount, whichever is higher.

Due to RBI requirements,  it will inform credit rating agencies (CIBIL, Equifax, CRIF High Mark, etc.) that you defaulted on your loan. This may make it difficult for you to take loans with any bank or financial institution in the future.

You can use the code “0004913372” for best offers!

Indiabulls Dhani, a first of its kind application by Indiabulls Consumer Finance, has been designed to make your personal financing needs easier than it ever was before. 

You do not need to upload any documents, visit a branch or call anyone – your personal loan application, sanction, and subsequent disbursal is almost instantaneous. 

All you need is a Pan Card and address proof and a quick hassle-free process later, your personal loan will be disbursed directly to your bank account, instantly.

Here’s how you can apply for a quick Indiabulls Dhani Personal Loan Online –

  • Log in on the website or you can download the app and enter your mobile number. Once you receive the OTP your number gets verified.

  • Enter your loan amount.

  • Enter your Pan Card and Address Proof details

  • After approval, get money in your bank account instantly

  1. Business Loan
  2. Personal Loan
  3. Education Loan
  4. Medical Loans
  5. New Car Loans
  6. Used Car Loans
  7. Two Wheeler Loans
  8. Travel Loans

Get instant loan at Indiabulls Dhani and avail attractive offer using this code “0004913372”

  1.  You should be a Citizen of India
  2. You should be at least 21 years of age
  3. You should be a salaried professional or a self-employed entrepreneur.

1. PAN Card Details

2. Address Proof

3. Bank Details

₹1,000 to  ₹15 Lakhs and has zero foreclosure charges on loans below ₹20,000. 

Get instant loan at Indiabulls Dhani and avail attractive offer using this code “0004913372”

Interest rate: 1% to 3.17% p.m

Processing Fees: Rrange from 1.5% to 6%

Service Fee: 0.68% per day + GST

Extension Fee: 0.42% per day + GST

Late Payment Penalty: 3.39% per week + GST

Get instant loan at Indiabulls Dhani and avail attractive offer using this code “0004913372”

Your loan is generally transferred instantly as soon as all your documents are verified. In order to process your loan quickly, you should upload the necessary documents in the necessary formats and make sure they are clear and legible.

You will get your loan within minutes.

Get instant loan at Indiabulls Dhani and avail attractive offer using this code “0004913372”

You can avail loans for a tenure of 3 months to 36 Months.

IndiaLends is a Financial technology startup based in New Delhi.

It doesn’t lend or provide loans directly but this wonderful online platform provides customers with financial products and services such as personal loans, unsecured loans, installment loans, and credit cards. 

It basically connects borrowers with lenders to help them get the best deal possible.

What makes this platform outstanding is it provide value-added services to customers such as big-data analytics, credit risk assessment and verification, and automated work-flows for loan origination and management.

Like, you can trace and see all your loans history with pending or on time payments, etc.

Personal loans from Banks and NBFCs.

To avail loans from this platform, your credit score must be 750 or above.

  1. Fresh Funding
  2. Personal Loan for Home Improvement.
  3. Personal Loan for Wedding.
  4. Personal Loan for Travel
  5. Top Up Personal Loan.
  6. Personal Loan Balance Transfer.
  7. Gold Loan.

Find the best offers for personal loan at IndiaLends here.

  1. Salaried (Employed at current company for at least 6/12 months).
  2. Self-Employed professionals (Business tenure of at least 3 years and ITR of last 3 year)
  3. With salary of ₹15,000 (non-metro cities) ₹20,000 ( metro cities).

Find the best offers for personal loan at IndiaLends here.

For Salaried Individuals

1. Identity & Age Proof

2. Completely filled personal loan application with photograph

3. PAN Card

4. Residence proof – Passport driving licence, Voter ID, postpaid/landline bill, utility bills (electricity/water/gas)

5. Bank statements for the last 3 months(preferably your salary account)

6. Salary Slips of last 3 months

7. Form 16 or Income Tax Returns of last 3 years.

For Self-Employed Individuals

1. Identity & Age Proof

2. Completely filled personal loan application with photograph

3. PAN Card

4. Residence proof – Passport driving licence, Voter ID, postpaid/landline bill, utility bills (electricity/water/gas)

5. Bank statements for the last 3 months(preferably your salary account)

6. Salary Slips of last 3 months

7. Last 3 years Income Tax Returns with computation of Income

8. Last 3 years CA Certified / Audited Balance Sheet and Profit & Loss Account

Find the best offers for personal loan at IndiaLends here.

You can borrow from ₹15,000 to ₹50 lakhs, depending on your eligibility.

Find the best offers for personal loan at IndiaLends here.

You will get loan on 10.75% – 35% depending on various lending partners.

Processing Fee: Differs from bank to bank; generally ranges between 1-3% of the loan amount.

Preclosure Charges: Generally between 2%-5% of the loan outstanding.

Find the best offers for personal loan at IndiaLends here.

It depends on the lending partners. Generally, it will take 3 to 7 days to get your loan.

Find the best offers for personal loan at IndiaLends here.

The repayment period is 12 months to 60 months. You can choose the months according to your convenience.

DISCLOSURE: This post may contain affiliate links, meaning I will get a small commission if you make a purchase through my links, at no cost to you. For more info, please read my Affiliate Disclaimer.

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