Has overspending hit you badly? No more spare cash left for day-today expenses? Don’t worry, you can now receive instant cash loans in one hour in India. You can now use this money to buy groceries, pay your electricity bill, etc. and pay the loan off in flexible installments.
Things You Need To Know When Applying For Instant Cash Loans In One Hour In India
If you are not sure where to apply for instant cash loans in one hour in India, we are here to help. Banks, NBFCs and online lenders are the way to go. The easiest way to apply for instant cash loans is online since you will be able to receive the loaned amount into your bank account within an hour.
The following is the checklist of documents you will need to get approved for a loan –
- Identity proof (Aadhaar card, driving license, etc.)
- Proof of Income (Bank statement for the past three months)
- Past three months salary slips
- Proof of residence
The procedure to apply for instant cash loans online is very simple. You have to create an account with your online lender, say FlexSalary. Creating an account would require you to give basic personal details such as full name, address, phone number, etc.
The next step is to type in your financial information, i.e, your salary per month. You will need to provide proof of this by way of documents. This is where you have to upload clear legible scanned copies of the above listed documents. You are almost done! You will just have to wait for the notification that your instant cash loans amount has been approved. You will be able to withdraw this amount to your bank account.
How To Use Instant Cash Loans In One Hour In India To Dissolve Debt
If you are worrying that taking out an instant cash loan is more debt, don’t worry. Here’s a way you can tackle debt – the debt snowball method. It’s a simple method and provides fast results. You will have to list out all our debts in the ascending order. Now, your priority will be to tackle the first debt, that is, the smallest one first.
To do so, you have dedicate any spare amount that you have to paying off this loan. This should definitely be more than the minimum payments amount. Meanwhile, you will continue paying minimum amounts to your other loans. Within a few months, you will be able to pay off this loan. Your next task is to tackle the second smallest debt while paying the minimum amounts to the other loans and so on.
The snowball method is useful when you need immediate cash for day to day expenses. You can apply for instant cash loans in one hour in India with FlexSalary. Your loan can be approved even more quickly when you opt for the EBV process.