The Myth of Personal Loan about instant loans.
In our Finance industry, A keyword of instant loan is on boom and maximized use of these words by Banks and NBFC. But Anybody Knows, The instant loan is really exist or just a jingle to gain customer leads. we are Justifying this myths in our points. Now You can Better understand after read this article about
the game behind name "Instant Loan".
1. Only payday loan or low amount loans through apps and websites can be called instant loan. They can Give you 1000-1,00,000 indian rupees through thier platform.
2. The Confusion behind Instant loan like customer thinks that he may get the loan within some hours or same day. And banks understand that instant loan about 1-2day Disbursal.
3. If you want loan more than 1lac, then you must have a patience of 2-3days to get loan in your account.
4. The process of 2-3 days instant loan may available only in OD Limit, Personal or Business Loan.
5. Yes, It may possible if you have a account in same bank and your bank offer you pre-approved loan, then you can get that loan in some minutes or hours. we can call it instant loan. But Bank called it a Branch Offer.
6. But you can't get the best rate of interest in instant loan cause it will operate on the fast basics and bank leavy the highest charge to make profit.
7. No, You can't get any instant loan if you have minus cibil or low salary below than 25k.
8. Yes, Your location matters... In apps, website or branch offer. Whenever you login your details on any platform, the app requires you to active your GPS mode to track your application cause it helps lender to judge your locations.
9. Instant loan may get from these platforms like Kreditbee, moneyview, stashfin, RBL Bank, HDFC Bank, ICICI Bank, Homecredit, Bajaj and so much more like this.
10. If you want any free consultancy then go on our home page and get consulting support.