How do I get an Instant Personal Loan?Nowofloan
Getting a loan for emergency requirements is not a tough task these days as you have the option to get an instant loan. An instant loan is basically the updated version of personal loan which is available online. An instant loan provides you instant access to money and requires minimum documentation which makes it convenient for the borrowers.
In today’s unpredictable world it is quite natural to come across emergencies, but not everyone is capable enough to deal with those emergencies. You may think that your savings can help you to deal with such situations but the truth is you never know what emergencies may come and how much it will cost you. In these circumstances, it will be a smart move to make use of instant personal loans as they come unsecured and at a pocket-friendly interest rate. You can repay in monthly instalments.
How Instant Personal loans can help you?
When you are in emergencies, money should be the last thing to bother you, this will help you to concentrate on the issue and to get out of it faster. Instant personal loans are one of the solutions that can deal with most of your issues where financial help is required. The loan provides you with financial assistance within a few hours if you fit into the lender’s eligibility criteria. The money borrowed through an instant personal loan can be repaid in Equated Monthly Installments in a burden-free manner within one to two years.
Ways to get an instant personal loan:
There are several lenders including nationalizing banks to NBFC and DSAs who offer instant personal loan to its customers. You can apply with any of these lenders through their official websites for much quicker turnaround time. All you need to do is visit their website and apply by filling the application form.
You can also apply for an instant loan with Nowofloan.com by following these simple steps:
- Fill the application: Once you have decided to take an instant personal loan, visit the Nowofloan website www.nowofloan.com and go to the instant loan option. Fill the application form by providing correct information such as your name, age, address, loan amount required, income details. Once you are done with the form you will be receiving mail to upload the required documents which include your last 6 months bank statement, payslip, and ITR form.
- Use an instant loan EMI calculator to know your estimated EMI and total borrowing cost.
- Once you submit nowofloan.com offers Membership card , Buy Membership card and you can expect a call from the Now of loan within a few hours. This call is to check more about the loan requirements and for your confirmation. Your application form and documents need to upload and it will be verified, then based on your CIBIL score and eligibility you will be getting an approval SMS. The next call is to let you know more about your loan details such as loan amount, tenure, rate of interest and so on. You are expected to check these details and confirm your interest for an instant personal loan by signing the loan agreement form.
- Once you agree to the loan terms, tenure and rate of interest, you will be sanctioned the loan and instant money will be transferred to your bank account.
Features of Instant Personal Loan:
- Easy and fast approval: The main advantages aspect of instant personal loan is its online availability, fast approval, and easy documentation. As the processing of an instant loan is done online, the loan is approved faster than any other conventional loans. All communications are through calls and email, there is no need for the applicant to visit the bank to get the loan approved.
- Less than 5 minutes application: When you are in an emergency, it is not possible to go through a 5-page long application form. Banks clearly understand this need and thus the application for an instant personal loan is quite simple and requires your basic information only. Thus, it takes very less time to fill the application form that too from the comfort of your home.
- Bigger loan lakhs: Based on the applicant’s profile and eligibility which includes their income, job stability and age, you can get an instant personal loan up to ₹ 15 Lakhs with Nowofloan. The interest rate charged against an instant personal loan is also affordable and lower than credit card loans. The amount availed as a loan can be repaid in Equated Monthly Installments over the tenure of the loan.
- Pre-approved loans: You can also avail pre-approved instant personal loans with few lenders. These are the lenders with whom you are already an existing customer hence they require no documentation. These lenders provide you pre-approved offers based on your repayment capacity as they already have your bank account details. One you agree to the pre-approved offer loan amount will be directly credited to an existing bank account.