What is an Instant Cash Loan?

Instant Cash Loan is a Personal Loan of up-to Rs. 75,000 offered by loanbaba. It is an unsecured mini loan, where you as a borrower can avail an amount between Rs. 10,000 and Rs. 75,000 (Rs. Seventy Five Thousand). This loan is only available for salaried individuals. The Loan can be useful for any Emergency such as medical, unplanned travel, marriage to name a few. You can also use the funds for home repair, leisure travel, education, purchase of a gadget, and many more. It is a perfect solution to meet all your unexpected expenses and urgent cash needs. Let’s say you need Rs. 50,000 urgently? This product will suit your need to the T. Currently it is available in all major cities including Mumbai, Pune, Delhi, Gurgaon, Noida, Bangalore, Chennai, Hyderabad, Kolkata, Jaipur, Indore amongst others.

Features of Instant Cash Loan:

• Digital Process:
  Our product is completely digital, giving clarity to the borrowers. You just have to apply online, upload the necessary documents and you get an approval.

• Minimal Turn Around Time (TAT):
  You can get an instant cash loan in 1 hour straightaway credited to your bank account.

• Instant Approval:
  We understand the importance of the time factor when it comes to monetary needs and act with a sense of urgency for all our applicants.

• Minimal Paperwork:
  Our environment is sympathetic to a loan applicant’s distress and provides hand-holding to all customers equally, irrespective of their credit background.

• eNACH:
  This simplifies the EMI payments. If you have Salary account in one of the banks currently live with eNACH, you can configure auto debit within seconds and do not have to submit PDCs, this will fast track your application.

• eSign:
  Sign your agreement via a simple online process.

Instant Cash Loan Product Details:

Before applying online our website, please consider the following points:

• Currently, only Salaried Individuals are eligible for the loan.
• The minimum net monthly salary should be at least Rs. 20,000.
• Salary should be credited via A/c Transfer/NEFT or Cheque. Cash Salary is not acceptable.
• You can repay via EMIs, you can also foreclose the loan anytime.
• The sanction amount will depend on many factors such as your income, repayment capacity, credit history, etc. Repayment can be done via eNACH, NEFT or post-dated cheques (as per the repayment cycle), submitted to Loanbaba.
• Repayment can be done via eNACH, NEFT or post-dated cheques (as per the repayment cycle), submitted to Loanbaba.
• All necessary checks and documents are mandatory. Like in case of any other loan, you will require KYC verification, income proof, employment proof, identity proof, etc.
• You should be at least 21 years of age and a salaried individual to apply for this loan. You should also draw a regular monthly salary.
• The minimum credit score to get an instant cash loan in 1 hour should be 600. However, lower credit score is also acceptable. You can get the loan sanctioned even if you have a CIBIL Score of 550.

Documents Required:

Before applying online for a instant cash loan on our website, please consider the following points:

• PAN Card
• 3 Months Salary Slip
• 6 Months Bank Statement
• ID Proof
• Address Proof

So, why should you choose Loanbaba for your quick cash needs?

1. Instant Sanction
2. Minimal Documentation
3. Fast Disbursal
4. Flexible Repayment Structure
5. No Prepayment Charges
6. No Foreclosure Charges
7. Transparent Process
8. Completely Online Process
9. Top-notch Customer Support

How to Apply for an Instant Cash Loan?

Below are the steps to apply for the loan.

• Just log on to loanbaba.com, choose Instant Cash Loan as the product and fill up the required details and complete the steps. We will get in touch with you in case we need any additional information. On loan approval, you will receive the loan amount instantly in your bank account.
• You may be required to link your social media profiles and verify net banking account so that we can process the loan faster.
• You can even re-apply for this loan after successfully closing the previous small cash loan taken. Re-applying will be much easier and quicker, you can get funds in as little as 30 mins.
• You can get in touch with the support team for any loan queries via the dedicated customer support number or by emailing your query to customersupport@loanbaba.com.