The current digital era has made small instant cash loans popular in India. The constant need for cash owing to the competitive lifestyle, coupled with the emergencies in the ongoing pandemic, has made it necessary to have sufficient funds at our disposal.

Small instant cash loans are thus popular with borrowers to arrange urgent cash. The collateral-free feature and easy availability process encourage borrowers to seek instant small cash loans. These loans can be availed easily even by first-time borrowers who do not get small instant cash loans easily from traditional lending platforms. These loans can be used for meeting various immediate cash needs including education, marriage, and business.

What are the key features of small instant cash loans?

• A small instant cash loan is available both for salaried and self-employed individuals
• 100% digitized loan application and approval process
• Hassle-free small instant cash loans
• Attractive rate of interest
• Paperless documentation plus online KYC verification 
• A new borrower with no credit history can apply provided they have a stable and steady income/salary
• Mandatary documents are required like Aadhar, PAN, Voter’s id, or Smart Card driving license for identity and address proof.
• The instant loan approval process with amount duly credited to borrower’s bank account within a few hours

Which NBFC is best for a small instant cash loan in India?

To meet this ever-increasing demand for small instant cash loans in India, many NBFCs have come up with online instant loan platforms offering the benefits of same-day loans. These small instant cash loan platforms can be easily accessed via your system or mobile, from the comfort of your home or office, thus making the whole small instant cash loan process an enriching experience for the borrower. Key NBFCs which offer small instant cash loans in India include Cashbean Personal Loan App, GotoCash Cash Personal Credit Loan, and SimplyCash app by Hero FinCorp. Instant cash loan apps comparatively provides the lowest rate of interest of 2.08% monthly. 

Key Features of SimplyCash Small Cash Loan App

• Small instant cash loans available between Rs.50,000 – Rs.1,50,000

• Loan gets approved within minutes

• Available for both salaried and self-employed individuals 

• Low rate of interest starting at 2.08% per month

• Loan EMI calculator helping borrowers customise their small instant cash loan with respect to loan amount and tenure

• Flexible repayment options 

• Paperless hassle-free documentation process  

• Online KYC verification 

• Small cash instant loan approved within few hours, with direct credit to borrower’s bank account

Eligibility Criteria for Small Instant Cash Loan via SimplyCash app

• Indian citizenship proof
• Borrower age between 21years - 58 years
• Minimum monthly income/salary at Rs.15,000 per month
• Six months’ bank statement with details of income/salary mandatory
• Salaried individual employed with either a private sector or public sector
• Mandatory KYC documents required - Aadhar card/PAN card/Smart Card Driving license

SimplyCash instant loan app is one of the best small instant cash loan apps in India providing various customised benefits to the borrower at attractive loan terms.