A fast cash loan is one that you can apply for quickly and receive funds directly into your bank account possibly on the same day. Most lenders of cash loans process the application within an hour and disburse the loan on the same day so that you can quickly access your cash.
Cash Loans Categorization
Unsecured Cash Loans
When you apply for a cash advance against your salary, it is called unsecured cash loan. Most banks and NBFCs offer fast cash against your salary. You can directly fill in the online application, verify your bank details, upload your documents and receive your cash.
When someone avails a loan against some kind of collateral, such as gold or property, it is called a secured loan. Usually secured loans take a little more time to be processed since the collateral needs to be evaluated for its exact worth and hence these types of loans usually fall under the secured loans category.
What Is FlexSalary?
Vivifi India Finance Pvt. Ltd. is an RBI registered NBFC offering FlexSalary, an instant line of credit. The minimum salary required to be eligible for a FlexSalary account is INR 8,000 per month.
A line of credit is one in which the lender and borrower enter into an agreement, wherein the lender will set up the maximum loan amount that the borrower can borrow and the borrower is in control of how much he/she would like to withdraw. The interest is usually charged on the amount withdrawn. Once the lender wishes to close the line of credit option, he can do so easily.
If a borrower can reuse the line of credit once he pays the principal and the interest incurred, it is called as a revolving line of credit. FlexSalary is a revolving line of credit. You can apply for FlexSalary through the website or mobile app on iOS and Android. The entire application process is online. You will be required to enter your personal details, address, income information and then upload scanned copies of government-issued ID proof, address proof, bank statements, and payslips.
Once the application process is complete, our team will verify the details within a week or two. If you require fast cash immediately, then you can use the electronic verification process to get verified within 5 minutes and your loan amount will then be visible in your FlexSalary account.
You can now withdraw the amount into your bank account. Click here to check our interest rates and fees. You will only be charged interest on the amount you withdraw.
Benefits of FlexSalary
- Minimum salary to be eligible is INR 8,000 per month
- Online application process
- Loan disbursal on the same day as approval
- Instant approval with electronic verification
- Interest charged only on the amount withdrawn
- Flexible EMIs
- Get approved once, use for a lifetime
- Accessible anywhere across India
Apply for FlexSalary line of credit and get some fast cash for your emergency needs today!