Can I apply for Mobile loan via Simply Cash?

Yes, you can apply for Mobile loan via the Simply Cash app. Download, register, and submit the paperless documents to get loan sanctioned and disbursed within 24 hours.

Am I eligible to apply for a Mobile loan?

If you fall under the age group of 21-58 years with a minimum income of Rs.15,000/ monthly, you are eligible to apply for a mobile loan.

What are the required documents for Mobile loan?

The required documents are paperless for a mobile loan. It requires only an Aadhar card linked to your mobile number and a PAN card.

How can I pay for Mobile loan?

Mobile loan can be repaid through monthly EMIs via online loan app or any other mode of payment available with the lender. Paying the loan EMIs on time increases your credit history.

Mobile Loan

Mobile phones are a daily use commodity that has become a necessity with affordable internet connecting us to the rest of the world. Online shopping, banking, e-learning, etc. is easy at a touch of a smart phone. There are several high-end mobile phone models available year after year. Buying an expensive mobile phone can exhaust a major part of your monthly earnings. Hence, to balance your budget and also own the latest mobile phone, buyers can opt for a mobile loan. A mobile loan is a type of personal loan that supports a buyer’s decision of purchasing a smart phone.

Mobile loan is easily available online on popular shopping e-commerce websites. Besides, buyers can download an instant loan app or visit a credit website to request for a mobile loan through personal loan financing. Most of the young people in today’s generation are glued to mobile phones and spend extensively on smart phones. Students and home makers willing to own an amazing mobile phone can very well opt for a mobile personal loan.

Mobile loan can be easily availed through consumer durable loan on reduced interest rates and easy repayment through EMIs. Do not underestimate the power of owning a good mobile phone. It is a useful gadget that can keep you entertained and occupied all day with ample of things to do.

Apply for Personal Loan

Features and Benefits of Mobile Loan

Mobile loan is an unsecured personal loan that gets sanctioned within 24 hours. Here are the features of mobile loan that borrowers can benefit from:

Minimum documentation

When applying for a mobile loan, no physical documents are involved. Documents or document details such as Aadhaar Card number is required to be submitted online in a paperless format.

Instant approval

Mobile loans on the spot approval makes it distinct to indulge in gadget shopping anywhere, anytime, without worrying about the monetary issues.

Easy EMIs

Since there is no obligation to make the entire payment upfront, you can invest in a smart phone of higher range by paying easy monthly EMI’s.

Unsecured loan

Mobile loan is an unsecured loan and does not demand any security deposit or a down payment during the purchase.

Eligibility Criteria and Documents for Mobile Loan

Every financial procedure involves an eligibility criterion, accompanied by a set of mandatory documents to go further:

1

Filled and signed loan application form. Electronic signature if submitted online.
2

KYC documents -Aadhar Card/PAN Card/Driving License/Passport
3

You should be the resident of India
4

You should be either salaried or self-employed individual/ businessman

5

Your minimum monthly income should meet the criteria fixed by the lender
6

You should be at least 21-58 years of age
7

Your credit history should meet the criteria set by the lender.

How to Apply for a Mobile Loan

You can apply for a mobile loan by following the below procedure through online personal loan apps:

Enter your mobile number and area pin code
Add your personal, employment, and financial details
Enter your Aadhaar card number / PAN number
Enter your profession and company address
Customize your mobile loan amount with Loan Emi calculator

Simply Cash instant loan app is a useful platform offering mobile loan in a range between 50,000-1,50,000. Buyers can opt for a high-end brand or a top model mobile phone through easy to acquire Simply Cash mobile loan.