Apply For Personal Loan

Loan EMI Calculator

Know All About Personal Loan Disbursal

Know All About Personal Loan Disbursal

A personal loan is one of the most appropriate sources of getting prompt finance for various personal and professional reasons. Now with digital loan apps in hand, the loan approval and disbursal are quick like never before. A personal loan is quite flexible and can be availed with fewer formalities and documentation. It is available for both salaried and self-employed individuals.
 
Over the years, financial institutions and NBFCs understood the need for quick disbursal and encouraged the development of instant personal loan apps. The conventional form of personal loan used to be time-consuming and involved lengthy paperwork. So, today borrowers have accepted instant personal loan apps for a quick disbursal generally within 24 hours in the registered bank account.
 
HeroFinCorp, a financial giant in India launched SimplyCash, an Instant personal loan app with a 100% digitized process to meet all the urgent financial needs Borrowers using SimplyCash can expect a timely disbursal of the loan amount within one business day.
 
A personal loan app is useful when the approval and disbursal are done on time. If the financial urgency is not met on priority, it means the disbursal time taken is not instant. So, choose the personal loan app wisely based on speedy disbursal.

Features and benefits to know all about personal loan disbursal

Easy Login and sign-in method

SimplyCash loan app is designed with a simple mechanism of an easy loan application, real-time verification, and same working day disbursal.

Instant loan approval

As the name suggests, ‘instant loan’, SimplyCash is actually instant in personal loan approval and disbursal of a loan amount between Rs.50,000 to 1.5 Lakh.

Paperless documentation

SimplyCash completely involves a digital process from start to end. So, even the document submission and verification are paperless that involve authentication of KYC details and income documents.

Instant disbursal

The final disbursal should be quick is all that matters throughout the process. After submitting the loan application and verifying the required details, the loan amount is credit to the borrower’s bank account.

Automated Repayment

Not only is the loan disbursal easy but even the repayment of EMIs is easy through an auto-debit option. It deducts the set EMI amount every month as per the schedule.

Required eligibility criteria for personal loan disbursal

As per your eligibility criteria for a personal loan, you will be informed whether. your application is approved or not. If the eligibility criteria meet the SimplyCash loan terms, loan approval is instant and disbursal is done on the same working day within 24 Hours:
 
  1. Borrower’s age limit should be between 21 - 58 years
  2. Borrower’s minimum monthly income should be Rs.15,000/-
Must be a resident of India

Required documents for personal loan Disbursal

Most people avoid personal loans for the fear of a lengthy documentation process, but the SimplyCash instant loan app has made it simple and hassle-free with its paperless documentation process making personal loan disbursal instantly into your account.
 
  • E-KYC documents like your Aadhar Card/PAN Card/Smart Card driving license
  • Six months bank statement is required for salaried and self-employed individuals
 
After the loan disbursal, the borrower will receive a formal confirmation letter of the personal loan details.
 

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.

Customers also read this

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

Secured
Safe & Secure

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

View Details

SimplyCash Insights

Install App
Useful Links

Copyrights @ 2020 All Rights Reserved Powered by HeroFinCorp Ltd.