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Learn How to Get an Instant Cash Loan in 1 hour

Learn How to Get an Instant Cash Loan in 1 hour

  • By Saral Credit
  • October 19, 2022

Financial difficulties can occur at any point of time in life. You must always be prepared to deal with any unexpected monetary difficulties, whether they are medical, social, or business-related. Some of the important elements that determine your eligibility for instant cash loans include your age, social credit rating, existing loans, income, and credit score.

It is thus advised to follow optimal practices to qualify for instant brief loans in the future. These are quick, inexpensive, and hassle-free personal loan prototypes that provide a lot of credit ease with numerous repayment possibilities. You can apply for an instant cash loan 24X7 in India, just like everything else in 2022. More and more banks are improving their infrastructure to provide quick loans to new and existing customers, with the exception of Aadhar and PAN.

So, let's see what an instant loan is and how to get one in India. 

What is a 1-hour instant cash loan?

For people who are tired of the lengthy procedure of obtaining a traditional bank loan, an instant loan in 1 hour is a blessing. It is not only faster than other loans, but it also does not require a pile of documentation or any collateral.

This loan is available to everyone employed or self-employed through various financial institutions. A loan of between Rs.5,000 and Rs.1 lakh is available, with monthly interest rates ranging from 1.50% to 2.25%. The lower the interest rate charged, the higher your credit score. Even if you have a low credit score, you can still apply for a quick personal loan.

Instant Loan from Your Bank

Based on the relationship banks have with their existing customers, they offer the greatest lending deals. Most of the time, when you apply for an instant loan with your bank, you do not need to submit any paperwork because the bank already has your information in its database.

This greatly facilitates the availability of same-day loans for qualified customers. You may check your loan eligibility by entering your information into your bank's instant loan eligibility calculator.

All major banks provide instant loans to their consumers. The best aspect is that you may not need to visit the bank for short-term cash needs. These are disbursed as Small Cash Loans beginning at Rs 50000 and lasting up to 5 years, depending on your circumstances.

You can apply for these loans using internet banking or the bank's mobile app. You can click on preapproved offers or fill out the form to check your eligibility.

Instant Cash Loans through App-based Lenders

Applying through app-based lenders is another hassle-free way to get fast cash. These are suitable for anyone who requires an instant loan ranging from Rs 1000 to Rs 5 lakhs. In comparison to commercial banks, the eligibility standards are a little more permissive. These apps can help you find a personal loan alternative whether you have a bad credit history or none at all. The advantage of app-based loans is their quick disbursement with minimal documentation or inconveniences. Furthermore, these loans provide optimum repayment flexibility. Depending on your need, you can borrow for a few days or months. Because there is no price for prepayment, it is chosen by many millennials and young professionals. The monthly interest rate typically ranges between 1% and 2%.

How to Get an Instant Cash Loan?

  • To apply for an instant cash loan, go to the official website of the lender providing the service or download the company's mobile app.
  • Create your profile by providing your name, phone number, email address, and so on.
  • Upload any papers that the lender requires.
  • The lender will evaluate the documents you supply, and if they are deemed to be correct, they will approve your loan application.
  • Next, you can select the loan amount and repayment time. The loan money will subsequently be transferred to your bank account.

Addditional Reading: How to Get an Instant loan without documents?

Eligibility Criteria

  • The minimum age to obtain an instant cash loan in 1 hour ranges from 18 to 23, depending on the lender.
  • The minimum monthly revenue required varies from lender to lender and ranges from Rs.8,000 to Rs.25,000.
  • You should have a minimum 600 credit score.
  • All of your debts must be paid off.
  • All of the information on your document should be genuine.
  • Although it is not required, some companies ask their borrowers to be employed for at least six months.

Documents for an Instant Cash Loan 

  • A PAN Card
  • Aadhaar Number
  • Address proof
  • Last six months' bank statement
  • Most recent pay stubs
  • Passport-sized photos

Features of Instant Cash Loan in 1 Hour 

  • The application for an instant cash loan is entirely digital. You just need to go to the firm's official website, which offers instant cash loans and set up a profile. Upload all required papers and choose the loan amount and term. The company will verify your paperwork, and if they comply with their eligibility criteria, the loan money will be deposited into your bank account.
  • You can customize your loan amount to your specific requirements. You can select your loan amount and repayment term, after which the lender will impose the appropriate interest rate.
  • Most lenders offering instant cash loans may charge interest rates ranging from 1.50% to 2.25% every month. This means that repaying the loan will be simple for you. The charged interest rate on your loan amount may differ from company to company and is also determined by your credit score.
  • If you have a very low or no credit score at all and require cash, you can apply and get a loan from lenders who provide instant cash loans. Though some organizations insist on a minimum credit score of 600 to obtain a loan. However, physical verification may be necessary if your credit score is exceedingly low.
  • To get your loan application accepted in 3 minutes, most lenders simply require you to fill out the application and upload the necessary papers.
  • Even if your monthly income is poor, you can get an instant cash loan. If your credit score is good, you haven't had any financial defaults in the last two years, and you don't have too many credit liabilities, the lender might approve your instant cash loan application.
  • Different lenders provide flexible repayment terms in relation to the loan amount you have obtained. If you have a small loan, the repayment period could be anywhere from 3 months and a year. However, the repayment period can be extended to 5 years if you have taken out a significant loan.


1 hour cash loans are quick and easy to obtain. It is accessible to practically everyone. You must have a current internet connection and photographs of your KYC documents to receive funds.

If you do not have evidence of income and own a small business, you can acquire 1-hour loans by phone in India. Even if you have a low credit score, you may be able to obtain quick credit. You can raise your Credit score by timely repayment of your loan.

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