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How to get a Personal loan in one day

How to get a Personal loan in one day

A few decades ago, a personal loan was not a common idea and people used to hesitate to apply fora personal loan, for the only reason that it had a complicated and rigid loan patterns which used to take more than a week for approval and disbursal of personal loan.
 
With the advancement of internet and software technology, many progressive financial institutions and NBFCs recognized the need for a digital platform for loan applications and that’s when instant personal loan apps emerged as a helping hand for many borrowers in India.
 
Instant personal loans are small cash loans generally approved and disbursed the same day of a loan application. It is truly a boon for those in need of urgent finance. After the submission of application and verification, the loan amount is disbursed within a day directly into the borrower’s registered bank account.
 
It is termed an instant personal loan simply because it is a loan facility that is disbursed on the same day. So, what’s better than having instant loan power in your hand that can be accessed at a click via smartphones?
 
SimplyCash, by India’s financial giant HeroFinCorp, is the latest instant loan app that enables loan disbursal within 24hours. Borrowers can rely on SimplyCash to raise a sum between Rs.50,000 to 1.5 lakh on an immediate basis. Ensure you are eligible for a personal loan before submitting the application.
 

Eligibility criteria and documents to get a personal loan in one day 

Getting a personal loan in a day is not a tedious task as the eligibility and documentation can be checked online in seconds.
 
  • Borrower’s age limit should be between 21-58 years
  • A borrower should be a resident of India
  • A borrower should either be a salaried or self-employed person with a minimum monthly income of Rs.15,000
  • Borrowers should have professional stability that is reflected in their work experience
     

Required documents to get an instant personal loan in one day 

Instant personal loan apps follow a paperless format for document verification. Keep your KYC details handy to proceed:
 
  • Enter Aadhar card and PAN card unique number for KYC verification
  • Enter job/company details
  • In the absence of Aadhar/PAN, use Passport or Smart card driving license details
  • Submit the last 6months of salary slip or bank statement of an active bank account
 

How to apply for a personal loan in a day via SimplyCash 

Once you are sure of being eligible for an instant personal loan, go ahead with availing personal loan on the same day:
 
Step 1: Download the Simply Cash app from Google Play Store
 
Step 2: Click on ‘Get Started’
 
Step 3: Register using your email id / mobile number, verify using OTP
 
Step 4:In the EMI calculator, enter the required loan amount and view the repayment amount with duration in months precisely. You can use the slider to change the loan amount to get a different EMI.
 
Step 5: Click on Apply for a Loan and Enter your Aadhar based KYC registered to your mobile number
 
Step 6: On real-time verification of KYC details, the loan approval is given accordingly and later disbursal is initiated in the borrower’s registered bank account.
 
The repayment amount includes a processing fee of 2.50% of the loan amount and EMI gets processed on the 8thof every month. View the list of cities to confirm the Simply Cash presence in your city.

SimplyCash

SimplyCash powered by Hero FinCorp is an instant personal loan app providing cash loans of upto INR 1,50,000 for both salaried and self-employed individuals. Driven by technology and fuelled by innovation, SimplyCash solves instant cash requirements of customers in just a few simple clicks without any physical documentation or meeting. The mobile app is available to users through all popular Android play stores like Google play store, Samsung store, Xiaomi store etc. With one of the most widespread presence, SimplyCash currently offers its services in over 90 major locations in India. Known for a seamless process, instant loan disbursal and transparent pricing - SimplyCash truly lives upto the expectations of being a 'Hero' product.  

Note: SimplyCash is a duly registered trademark and is a loan product offered, managed and operated by Hero FinCorp. Hero FinCorp Limited is a Non-Banking Financial Company registered under the provisions of Reserve Bank of India ("RBI") and is in the business of finance and lending.

Accepted Banks:

ICICI BANK LTD HDFC BANK LTD IDBI BANK STATE BANK OF INDIA PUNJAB NATIONAL BANK YES BANK INDUSIND BANK KOTAK MAHINDRA BANK LTD

IDFC FIRST BANK LTD AXIS BANK BANK OF BARODA TAMILNAD MERCANTILE BANK LTD INDIAN OVERSEAS BANK INDIAN BANK RBL BANK LTD DEUTSCHE BANK AG CITY UNION BANK LTD FEDERAL BANK SOUTH INDIAN BANK STANDARD CHARTERED BANK CANARA BANK KARNATAKA BANK LTD CITI BANK BANDHAN BANK UNION BANK OF INDIA DCB BANK LTD DBS BANK INDIA LTD THE HONGKONG AND SHANGHAI BANKING CORPORATION LTD DEUTSCHE BANK UCO BANK

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SimplyCash is managed and operated by Hero FinCorp Limited, and it follows high data and system security standards.

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