How to get instant cash loan in 1 hour in India.

by credit bazzar Instant payday loan in as short as 15 minutes

When things go wrong and you are in urgent need of money, it becomes very difficult to find the source of money. However, there are certain ways through which you can have an access to instant as well as easy loans. Let’s try to know about them in details.

1. Payday loan- These loans are short-term loans, which are designed to be paid out as quick as possible. The idea behind this loan is to provide you the required money on the day you apply and get it back on next salary day. The processing of these loans is very quick understanding your need of getting urgent money. This can even be sanctioned within an hour and hence it can be considered instant cash loan in 1 hour in India.

The process of applying payday loan is very simple. You need to fill up the form with your official Id and attach it with recent bank statements. These loans are suitable and reliable for those who have stable income. Therefore, if you have a full-time job, you can make use of this quick funding option in the time of emergency.

2. Emergency withdrawal from savings- If you have put your money in long-term saving schemes; you have a good option in store if you need urgent money. Although, these savings are for certain period of time, some banks give the option of emergency withdrawal if your situation meets condition set by them. You can contact your bank and know about the options available. This can also be categorised as instant cash loan in 1 hour in India, since it gets approved within an hour if everything works in your favour.

If you don’t have savings, then you can do an overdraft setting from your bank account. However, it requires few days of time and hence it cannot be seen as an option in emergency.

3. Borrowing from your close ones- If anyone from your family and friends always has some cash in store? Borrowing money from them can be the quickest and less expensive option in the time of urgent need. Still, don’t forget to sign an agreement and return the money in mutually decided time period.

Being honest about your income, the purpose of taking loan and other debts you are already having is very important thing whether you are dealing with a friend or a finance company. If you be honest about your circumstances, the chance of the lender understanding your situation increases and when they understand your situation, your loan will be approved easily.

4. Loan against gold- Taking loan against the gold you have in the emergency situation is a good option. If you approach the private lenders who deal in this aspect, you will get the quick money. However, they may charge you high interest rates.

These are some ways to access the cash, when you face any financial emergency. Out of all these, instant payday loan may be the best option as for this you don’t need a great credit history or some valuable thing to keep as security.