How can I get an Instant 1,50,000 LoanAn instant personal loan is a multi-purpose loan acquired for various purposes. It is very useful in times of crisis or any kind of medical emergency. Maximum loan amount depends upon the emergency situation and nature of work. However, for quick loan sanction and disbursal borrowers can opt for small cash loans ranging from 10,000 to 1.5 lakhs. Instant loan up to Rs. 1,50,000/- is a short-term loan amount and can be availed effortlessly through instant loan apps and websites.
Check the latest Simply Cash personal loan app launched by a trusted financial firm in India – HeroFinCorp. It can be downloaded in seconds from Google Play store on your android phone. Getting an instant loan of Rs. 1,50,000 is beneficial as the documentation is minimal and repayment is hassle free in manageable EMIs.
Initiate the loan application process with Simply Cash instant loan app. Check the minimum eligibility criteria and complete a hassle-free application process for quick disbursal of Rs.1,50,000 loan amount.
Eligibility Criteria for availing instant loan of Rs. 1,50,000 for salaried or self-employed individuals:
- Must be a citizen of India
- Required KYC documents including Aadhar Card number linked to mobile number, Pan Card or Driving licence
- Age limit must be 21-58 years old
- Must best able in professionally in a job or business
- Must earn a minimum income of Rs. 15,000 per month
- Six months bank statement of salary account for salaried and 6 months bank statement with most transactions for self-employed
Apply for a Loan of Rs. 1,50,000 via Simply Cash
- Install Simply Cash Instant loan app from Google Play Store
- Register with basic details – mobile number, email address and pin code
- Set the desired EMI using the loan EMI calculator
- Paperless verification of KYC details using a security code
- Bank account verification through net banking; the credentials are never stored
- Instant loan approved in minutes and transferred to the bank account
Benefits of Instant 1,50,000 Loan via Simply Cash
SimplyCash personal loan app is loaded with multiple features and benefits for instant loan borrowers. The paperless documentation procedure saves a considerable amount of time and speeds-up the loan approval. Here are some prominent reasons why one should opt for small cash loans up to 1,50,000 Rs. via Simply Cash:
- Low interest rate- SimplyCash offers an affordable interest rate based on your eligibility criteria. The EMI calculator allows borrowers to flexibly set the loan amount and interest rate to calculate an EMI.
- Quick approval- As the loan amount is not huge, the formalities are less. There is no paper work involved, eligibility criteria are limited and so the loan approval doesn’t take time.
- Collateral free loan- Instant personal loan has no demand for collaterals against the disbursed loan amount. No guarantor or security is needed for small cash personal loan.
- Paperless documents- No physical documents are essential. All the required documents are processed online by uploading or scanning. Basic KYC details are required to avail Rs. 1,50,000 loan.
- Low processing fees- A minimal processing fee is charged other than the percentage of interest. Processing fees may vary from lender to lender. At Simply Cash, a minimum of 2.5% +GST is charged as a processing fee.
- Automated repayment option- This feature enables building of credit score by paying the bills and loans on time every month. Automated repayment option reduces the risk of delayed payments, by setting the accurate date and month on which the EMIs are deducted automatically.