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Need emergency cash? Get a short-term loan instantly

Need emergency cash? Get a short-term loan instantly

Last updated: Feb 17, 2022, 11:00 AM IST

There are certain aspects in life that go beyond technology and can never be predicted or foreseen. These are emergency situations related to health, work, education, daily life, home, etc. You may plan things in advance such as a family trip, workplace change, taking up a new course, etc. However, when the time is not right, the situations don’t go as planned, and here is when emergency finances are required to cope up with the sudden changes.

Many may think of unlocking their savings or fixed deposits to arrange emergency cash (quick cash). Using your presence of mind and going ahead with a safe option that manages your current financial situation and also keeps your savings intact is nothing but an instant personal loan borrowed from a credible loan app. An instant personal loan is a short-term loan, rather a small cash loan (mini loan online) that helps instantly with a couple of lakhs. Being a short-term loan, it is available for a limited tenure with affordable EMIs.

Hence, when you land up in an emergency situation, think of short-term loans to raise emergency cash. Here are some benefits of short-term loans to manage emergency situations:
 

Shorter tenure:

A short-term loan is generally taken for 1 to 3 years and doesn’t linger for years giving a burden of EMIs.
 

Limited Loan Amount:

Short-term loan amount varies between Rs.15,000 to 2 lakhs, depending upon the lender. This is easy to repay when broken down into EMIs.
 

Instant Loan Approval:

The time taken for short-term loan approval is quick with minimal documentation whereas a long-term loan with a higher amount requires more verification of the borrower’s collaterals and assets.
 

Open for All Borrowers:

Short-term loan is available even to those borrowers having low credit scores.
 

Collateral free:

Being an unsecured loan, no security or assets are required to be mortgaged against the loan. With this, your savings and assets are not put to risk.
 

SimplyCash by Hero FinCorp for Short Term Loans


Just like there is a list of gaming apps on the Google Play Store, likewise, there is a range of instant cash loan apps offering short-term loans. SimplyCash is a credible personal loan app helping with instant cash loans up to 1.5 lakhs. The procedure for availing of instant short-term finance involves paperless documentation and real-time verification. Once verified and approved, disbursal is done within 24 hours. Use the in-built EMI calculator tool in the SimplyCash quick cash app to get the desired EMI on short-term loans, based on the loan amount, interest, and tenure.


Short Term Loan Eligibility Criteria


Verifying the loan eligibility criteria in advance increases the chances of loan approval and supports emergency cash needs on time:


Age criteria:

Borrower should be between 21 – 58 years


Minimum monthly income for salaried and self-employed:

Borrower should at least earn a minimum amount of Rs.15,000 monthly


Nationality:

Borrower should belong to Indian nationality


Mandatory Documents for Short Term Loans

  • Aadhar card and PAN card for E-KYC verification
  • As an income proof, 6 months bank statement of a salaried or personal account
  • Passport size photograph
  • Bank details in a registered bank account, as per the list given in the app


Bottom line:

Look nowhere else except short-term loan apps when emergency cash is immediately required.
 

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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