Unsecured Personal Loan

A salary advance loan is an unsecured short-term loan available for salaried individuals in India. A salary advance loan can also be availed via personal loan apps like SimplyCash.

A Payday loan is a short-term unsecured loan.  It normally gets repaid within two weeks to a month, i.e., close to an individual’s next payday. However, owing to their short-term nature, payday loans carry a higher rate of interest as compared to other small-term loans like personal loans.

A personal loan is an unsecured loan type and is collateral-free, making it a widespread borrowing for young aspirants and professionals, whether salaried or self-employed. By downloading the instant personal loan app from Google Play Store, you can easily avail of the loan for various purposes.  

Aadhar card is considered a mandatory document while applying for an instant personal loan online. Through E-KYC verification. Aadhar card has enabled the paperless verification process through simplified E-KYC validation. Instant loans online can be applied for both secured and unsecured loans with Aadhar card.

If you are seeking financial support, applying for a personal loan is the correct move. But, how will you know whether you are eligible for a personal loan? A personal loan is an unsecured loan without any collateral, and thus lenders exercise caution by setting eligibility criteria to prevent default in repayments and frauds.

In the pandemic, there was a greater need for secured & unsecured loans like home loans, gold loans, auto loans, instant personal loans, & credit card loans. To cope up with the financial crunch, many people turned their attention to instant personal loans.

A personal loan is an unsecured loan that doesn’t require any kind of collateral submission. But what makes borrowers think twice about a personal loan is the added interest rate charged on the principal loan amount. The rate of interest on a 1 lakh personal loan via the SimplyCash app is 2.08% per month.

As a personal loan is an unsecured loan, it does not require any collateral and can be quickly availed on the same day. SimplyCash, an instant personal loan app provides personal loans online for various purposes like weddings, home renovation, medical bills, vacation, electronics, consumer durable & for many other reasons in few minutes.

A quick loan is precisely known as an instant loan that can be obtained easily through instant personal loan apps online. Small cash loans online are quick because these are unsecured loans and so the need for a collateral is eliminated. In such situation, check for quick small cash loans online ranging between thousands to lakhs, mostly limiting to 5 lakhs.

 A personal loan has become one of the easiest options available after credit cards. One of the reasons making personal loans popular is that it requires very little documentation and absolutely no collateral if the personal loan taken is unsecured. Borrowers need to submit identity proof and income proof documents in a paperless format online via instant loan apps. 

A personal loan is an unsecured loan, offered with minimal documentation. Genuine financial institutions and NBFCs mandatorily ask for a PAN Card for approval of an instant loan. Therefore, PAN cards and Aadhar cards are essential documents for the citizens of India applying for a personal loan.

A personal loan is a subjective matter and an unsecured loan type. Instant personal loan apps are accessible on smartphones and hence the popularity of acquiring instant loans has never diminished. Borrowers can easily avail of personal loans in minutes using their KYC documents – Aadhaar card and PAN card.   

Although personal loans are more popular and fetch high number of goals, but being unsecured in nature it incurs high interest rate. In India, there are many borrowers who assume there is a vast difference between a home renovation loan and personal loan. However, the fact is, a home renovation loan is also a type of personal loan that borrowers rely on for upgrading/changing the home décor.

Personal loan is an unsecured loan type available with a collateral-free feature. Hence, financial companies charge a higher rate of interest on personal loans to earn more profits in a shorter span of time. As personal loans do not demand any asset or property as a collateral so a fixed rate of interest is charged throughout the loan tenure.
 

Unsecured personal loans are a good choice as the loan approval and disbursal is quick. What makes an unsecured loan good is its collateral free nature. This means borrowers are neither required to mortgage their property/assets nor any personal references are necessary to get unsecured personal loans online. Due to less formalities and paperless documentation

Personal loans are unsecured and collateral free loans. When the need for urgent funds arises, individuals find personal loan to be the easiest way for supporting their financial problems. Be it buying an expensive home appliance, electronics, wedding expenses

Loans are of two different categories, namely, secured loans and unsecured loans. Personal Loans fall in the category of unsecured loans. It is important to understand the difference between the two loan terms

An unsecured personal loan is a collateral free loan, implying borrowers do not have to pledge any asset but are given loan sanction based on their past credit rating and income. Financial institutions ensure that borrowers have a financially disciplined approach towards regular

Personal loans are considered as one of the best-selling credit facilities due to its instant feature, promising a timely financial help. Unlike other loans, personal loans are unsecured in nature and not bounded by major rules.

The personal loan being an unsecured loan does not demand any collateral or security against the loan. Instead, borrower’s CIBIL score is essential to check his/her creditworthiness