Sometimes no matter how well settled we are and how much all of us are earning on a monthly basis, we face a situation where there is inevitably a cash crunch. And the worst part is, these times show up all of a sudden without any prior warning or notification.
If you are having a cash crunch situation at the moment and are confused with what to do to get out of it, easily and swiftly, then this article is for you. In today’s article, we will tell you all about personal loans and how you can avail yourself of a personal loan immediately to save you from the best to the worst cash crunch scenarios; let’s get started.
What Is a Personal Loan?
A personal loan is simple terms, can be understood as being a loan that can be used to meet any short-term or urgent financial needs. Unlike property loan or vehicle loans, which are solely reserved for one purpose, personal loan offers the borrower the liberty to spend the money in any way they deem necessary, and when their need is met, repay it back inflexible repayment tenures.
In India 2020, getting a personal loan has become a cakewalk due to the presence of many leading companies in the country which specialize in the short and quick loan process.
Mentioned below are some of the easiest ways through which you can get a personal loan immediately in India.
Money View Loans
If you are a member of Gen-Z and your smartphone is your best friend, then you must have heard about Money View. Started as a finance management and budgeting application for the young earners of India in 2014, the application has gained a lot of traction among young consumers mainly because of its intuitive interface and quick customer assistance. Money view has launched an instant personal loan app, making it even easier for anyone to get a personal loan whenever they need it.
At a Glance
- Trusted by more than 1 crore Indians
- Personal up to 5 lakhs
- Get an Instant Loan in 24 Hours
- A quick and easy approval process
- The lowest interest rate in the market, starting at 1.33% per month
If you were born in any year in the past century, chances are that you have heard about Tata at least once. A conglomerate by nature, Tata was founded by Jamsetji Tata in 1868, the company has a standing legacy of more than 150 years in India, and is a household name throughout India mainly because of its wide presence through hundreds of products and services. One of the sister companies of Tata, known as Tata Capital, recently launched a personal loan service, wherein you can get quick cash to meet your urgent needs.
At a Glance
- Any amount until 25 lakhs available for loan
- Flexible repayment schedule
- Interest rates start at 11.99%
- Personal loan to meet all your needs
- Brand trust & guarantee from Tata Group
Digibank By DBS
DBS, a world-famous banking company with headquarters in Singapore, recently started its operations in India. Designed for Gen-Z, the company offers a variety of services starting from savings accounts and gold loans all the way to personal loans and quick cash loans. All the services from the company are available through the official DigiBank application, which is immensely user friendly and designed for the millennial Indian.
At a Glance
- An instant loan with quick approval under 10 minutes
- The clutter-free digital loan process
- Paperless KYC & Digital ID Verification
- Flexible repayment schedule from 12 to 60 months
- Effortless management from a single application
A part of Times Internet, the company behind some of the most well known and trusted publications in India, ETMoney was founded in 2014 as mutual fund management and stock market monitoring application. Registered with SEBI (Securities and Exchange Board of India) as an AMC or Asset Management Company, ETMoney has recently launched a personal loan lending platform through which both existing as well as new customers can avail a personal 24 hours a day, 7 days a week.
At a Glance
- One time approval for lifetime needs
- Loan amount starts from 3000 with all the way to 500,000
- Rewards on every transaction through cash backs and discounts
- Available 24/7
- Powered by a brand trusted by the best of India
Needing a personal loan due to any number of reasons is no cause for shame or regret, and if you feel so, let me be the first to tell you that it is wrong. No matter how good you are at money management, there will come a time when you will need a personal loan immediately, and thanks to these applications, you will be able to get them at a moment’s notice.
Author Bio: Surya Patra is a qualified webmaster by profession and Marathon Runner/Cyclist by passion with more than 6+ years of expertise in the financial domain. Surya is also an entrepreneur, enthusiastic in storytelling, content writing, and digital marketing professional.