An instant personal loan in India was merely a dream to applicants a few years ago. But now it’s a reality due to FinTech. Getting a personal loan is not a hassle anymore as the entire process has gone online. So there is no need to spend hours at lenders’ physical branches or wait longer for the loan disbursal. However, people might have queries and confusion about the process and criteria to get an instant personal loan in India. And in this article, we will clarify all your doubts on how to get an [apply instant personal loan.
The Approachable Platform
To get an instant personal loan in India, you will require to visit the official websites of the respective lenders. However, you may not acquire the needed insights that a comparison of lenders will give you. So you’ll need a credit decision platform to find multiple lenders at a place and compare their loan criteria. And Roopya is the most appropriate choice for doing so. It is a credit decision platform that has top-rated banks and NBFcs of India. Here you’ll be able to find the most competitive rates of interest and varied repayments tenures that will make your EMIs affordable.
Minimal Application Process
Applying for an instant personal loan in India through Roopya will take 2 minutes to complete if you have all the required information and documents handy. And going through the following steps will complete your application process.
- Visit Roopya’s website and you will land on their webpage to start the application process.
- After landing on the page you have to check their eligibility criteria.
- Then you have to provide basic information such as name, age, income, required loan amount, rate of interest, tenure.
- The EMI calculator of the portal will help you to calculate the estimated EMIs.
- After submitting the basic details, the platform will generate a list of lenders especially for made for you.
- Now you have to compare them based on their ROI, tenure, loan quantum availability, and conditions.
- Choose the lender that is most competent for your financial requirements.
- Check their respective eligibility criteria
- Now you have to complete the application process by uploading the valid documents required by the lender.
- If you initially qualify for the loan, you will be intimated about the instant approval.
Am I Eligible?
Now you might have queries about the eligibility criteria of Roopya after reading the application process, so here it is. To get an instant personal loan in India, Roopya has the following requirements to find an applicant eligible for the loan.
- You must be an Indian Citizen.
- Your age should be between 21 years and 58 years.
- You should be either a salaried individual or a self-employed individual.
- For salaried individuals, the minimum income requirement is Rs. 12,000 per month. And for self-employed individuals, it is Rs. 25,000 per month.
- A decent credit score will be helpful.
- Any default in the past 24 years is not accepted at all.
Minimal documents will be required for the online application process of an instant personal loan in India.
- PAN Card
- Aadhaar card or Voter’s ID card.
- Bank account details.
- Income proof such as current payslips, bank statements, ITR approved by qualified CA, etc.
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To ensure approval from your end, keep the following key factors in your mind.
- Read the eligibility criteria thoroughly and make sure that you meet every bit of them before applying to avoid rejections.
- Calculate your EMIs to know whether it is affordable or not.
- At Roopya, you can even get an instant personal loan in India within an hour but you have to submit relevant documents to prove your credibility.
- Instant approval can take a few minutes, so be patient. Don’t apply with multiple lenders as that can lower the chances of approval.
- As the loan is unsecured, you don’t have to bother to produce any collateral or guarantor.
So go ahead and approach Roopya for an instant personal loan in India as they value your time and urgency and you can manage your financial requirements timely.