Small Loan

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* Minimum Monthly Salary Required is Rs.25,000

About Small Loan

The small loans from is a short-term loan, it is an unsecured loan. The borrower can take this loan if he or she faces a sudden financial crisis. Such a crisis can be because of funding medical emergency, home repairs, funding random travel trips. Availing small loans is online is easy and is often sanctioned within a short period of time.

The loan is sanctioned on the basis of the borrower's salary. The funds are promptly transferred to the borrower's bank account. Since it is an unsecured loan, therefore, the borrower does not have to submit collaterals. The borrower needs to be a salaried individual residing in Navi Mumbai, Thane or other parts of Mumbai. The borrower needs to repay the loan between 30 and 90 days from the date of application of the loan amount. If you are in need of urgent cash then the small loan can be quite useful. The is useful whenever it comes to availing small loans.

Small Loan Details

Following are some of the small loan details:-

  • Loan Amount
  • The loan amount varies from Rs. 10 thousand to Rs. 50 thousand.
  • Loan Tenure
  • The tenure of the loan is between 30 days to 90 days.
  • Interest Rate
  • It is used to fund education as well as medical expenses.
  • The interest rate of the small loan is 0.1% per day.

Why Choose Small Loan?

The small loan can be easily availed from by providing basic documents. The loan is sanctioned and transferred to the borrower’s bank account in a short period of time. Small loans are also referred to as payday loans. Such loans are used for funding medical expenses, travel tips, other financial requirements that can be met within Rs 50,000.

Things that you require considering prior applying for small loans

Prior applying for small loans online, you as a borrower needs considering the following things:-

  • As a short term loan, the repayment is between 30 days and 90 days, which mean you can repay the loan sooner and get freedom from the financial obligation.
  • The repayment period of the small loans is between 30 days and 90 days.
  • Repayment of the small loans is made using EMI. Such loans can be taken by salaried individuals.
  • The amount of loan that you take from depends on more than one factors and they include the borrower’s income, the person’s financial condition as well as credit history.
  • The repayment of the loan can be done using NEFT or post-dated cheques.
  • Like other online loan applications, you as the borrower needs to provide income proof, identity proof, employment proof as well as KYC verification.

Benefits and Features of Small Loans

Following are the features and benefits of small loans:-

  • The small loans can meet most of the financial requirements of the borrowers.
  • With small loans, the borrower can get quick funds in a short period of time.
  • To avail small loans it is important that you have a decent credit score.
  • If your credit score is weak then you can still avail a loan but in that case, you require to have a strong repayment capacity.

Types of Small Loans in India

The different types of small loans in India are as follows:-

  • Payday Loans India
  • Short Term Loans
  • Instant Personal Loans

For more information about the small loans visit relevant resources available online.