Instamoney Loan App : Sometimes such situations arise in life that suddenly a lot of money is needed. Generally, we are not able to fulfill this type of need from our salary or income. Sometimes you may have to bear sudden hospital expenses or suddenly your family members may need money. To avoid all these problems, we often resort to loans.
Many times it takes us a lot of time to get a loan from the bank. For this, we now have to resort to a loan application. When you apply for a loan through Instamoney Loan App, the entire process is completed very quickly, and you also get the loan immediately, in which you do not have to submit documents anywhere.
Today in this article we will give you complete information about Instamoney Loan App, as well as tell you how much loan you get from this loan application in how much time and how much interest rate you have to pay for it?
What is Instamoney Loan App?
Insta Money Loan Application is a service of LenDenClub, a fintech company of India. This company provides personal loan service. You can get a loan from this company through Instamoney Loan App. This loan application is designed for such people who have less access to the bank or have limited time. Through this loan application, they can fulfill their needs by taking any loan immediately.
How much loan can I get from Instamoney Loan App?
Through Insta Money Loan Application, you can apply for a personal loan ranging from ₹5000 to ₹50000. You can select the loan amount as per your requirement while applying, the higher your CIBIL score, the higher the loan amount you can get.
How much interest is charged for Instamoney Loan App?
When you take any loan from Insta Money Loan Application, you may have to pay interest ranging from 24% to 48%. The minimum interest rate will be 24% and the maximum interest rate can be 48%. The interest rate depends on your CIBIL score, salary and your credit history.
What is the repayment period of Insta Money Loan App?
When you get a loan from Insta Money Loan Application, you get 3 months to 5 months to repay it. When you apply for a loan, you have to select the amount of your loan and its tenure.
Documents Required for InstaMoney Personal Loan
- For KYC you need PAN card, Aadhar card and address proof.
- You will have to provide the bank statement of last 3 months in which your salary is also visible.
- While applying online you will have to give NACH permission.
Eligibility for Instamoney Loan App
- Only Indian citizens can apply for this loan.
- Your age must be between 21 years to 45 years.
- Your monthly salary must be at least ₹12,000.
- Your CIBIL score must be more than 600.
Benefits of Instamoney Loan App
- The entire process of loan through Insta Money Loan App is very easy. You can complete the entire process online for which you do not have to submit hard copies of documents anywhere.
- The loan is processed very quickly, you can receive the loan amount in your bank account in just a few minutes.
- When you apply for a loan, you also get the option to select the loan amount and its repayment period.
- When you apply for a loan through the Insta Money application, you are informed in advance about all the charges and processing fees levied on it. Apart from this, no hidden charges are taken from you.
- Insta Money loan application offers 24/7 customer support. Customer service representatives help you in case of any problem in the loan.
Disadvantages of Instamoney Loan App
- If you take a loan from Insta Money then you have to pay a very high interest rate which is higher than Indian banks.
- If you take a loan from Insta Money, you may have to pay processing fees and many other types of charges.
- If you do not pay your installments on time, it may have a negative impact on your credit score.
- Insta Money loan application is only for those people who want to take small amount of loan and want to complete the loan process without any hassle.
How to Apply for Instamoney Loan App
- If you want to apply for a loan through this application, then first of all you will have to open Google Play Store.
- Here in the search bar, you will Instamoney Loan App You will have to type and search.
- After this you have to download and install the application in your mobile.
- The first time you complete the application, you will be asked for information like your mobile number, email ID etc.
- After this, select the loan amount you want? Select the time period for which you want it?
- After this you will have to complete the KYC process. For this, information like Aadhaar card, PAN card, bank statement has to be uploaded online.
- Finally, you have to submit your application form finally.
- After a few minutes of process, you will be informed whether your loan has been approved or not.
- After the loan is approved, the loan amount is credited to your bank account within a few minutes.
Go to mwcd.in Homepage To Get Relevant Content.
You will get a loan of Rs 10 lakh with 20% subsidy, apply here!