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Mini Cash Loans - Remedy for Quick Finance Needs

Mini Cash Loans - Remedy for Quick Finance Needs

A mini cash loan is a small cash loan that starts from Rs.10,000 and goes higher up to a couple of lakhs. It is a preferred credit option due to the less risk involved in defaulting the EMIs. There are a variety of trending business ideas that one can start with mini cash loans. As the loan amount is less, it can be repaid easily within 24 months or less. A mini cash loan is definitely a remedy for availing quick finance that can be used for a variety of purposes – house rent, education, wedding expenses, medical emergency etc.

Mini cash loans can be borrowed within 24 hours via instant personal loan apps. SimplyCash by HeroFinCorp offers mini cash loans starting from Rs.50,000 to 1.5 lakh. This loan figure can be availed quickly through an entirely online process functional on a smartphone – application, documentation, verification, approval and disbursal. Download SimplyCash from Google Play Store and go through the user journey to avail mini cash loans online.
 

Here are some common reasons why mini cash loans are easy to apply via instant loan apps:

Easy sign-up & login

Instant loan app allows a simple login method on your smartphone using an email id and mobile number.

Quick disbursal

When applying for mini cash loans via instant loan apps, the amount gets approved and disbursed immediately within 24 hours.

Collateral free loan

As the loan amount requested is less as compared to long-term loans, no security or guarantor is needed when you avail mini cash loans. This makes the loan processing faster with fewer formalities.

Affordable interest rate

SimplyCash offers a starting rate of interest low as 1.67% per month, interest rates may differ and get better based on your credit score and your existing relationship with the lender.

No Physical documents required

In a digitized instant personal loan app, the required documents for mini cash loans are paperless, minimal and hassle-free.

Automated repayment method

Loan EMIs are deducted automatically from the borrower’s bank account at a fixed date every month. This ensures mini cash loans are repaid on time without any delay.
 

Below are the required documents and eligibility criteria for mini cash loan approval:

When applying for mini cash loans online through instant loan apps, keep your KYC documents handy, inclusive of:
 
  • Identity Proof- Aadhaar Card/Smart Card Driving License
  • PAN card
  • Address proof- In the absence of an Aadhaar card, address proof becomes mandatory that includes passport/electricity bill/voter id
  • Six months bank statement or salary slip for salaried individuals

Eligibility Criteria for mini cash loans:

  • Borrowers must be in an age group between 21-58 years
  • Borrowers must fall in a minimum monthly income bracket of Rs.15,000
  • Borrowers should have credit accounts in any of the affiliated banks with “SimplyCash”
Mini cash loans are proving to be a good financial support during the ongoing covid-19 pandemic. The second wave is affecting the population even more and still, people have not resumed their work normally. So, to cope up with the daily expenditure and urgent cash needs, mini cash loans are the right source to organise quick finance.
 

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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