Get Instant Cash
Loan In 1 Hour
Do you have an emergency cash crisis and need an instant cash loan in 1 hour without documents to meet your emergency needs? FlexSalary can provide collateral-free loan up to INR 2,00,000 at competitive interest rates and flexible repayment options.
FlexSalary is a loan offering from Vivifi India Finance Private Limited, a non-banking finance company (NBFC) registered with the Reserve Bank of India (RBI).
If you are a salaried employee and waiting for your salary to pay your bills, why pay a hefty late fee when you can get an instant loan without documents? Apply for a loan with FlexSalary immediately and pay all your bills. We have helped thousands of customers when they are financially low. You can also apply for a loan easily through FlexSalary Android or iOS App.
Instant cash loan in 1 hour: Features and Benefits
FlexSalary offers India's quickest personal loans in India within 1 hour. You can get as minimum as INR 4,000 to a maximum limit of INR 2,00,000 with FlexSalary. Following are some of the top features and benefits of our instant cash loans online.
FlexSalary offers unsecured personal loans, where you are not required to provide any collateral to get a loan approved.
We do not ask for heavy documentation to approve a loan. Only a few basic documents must be provided.
No hidden charges:
FlexSalary will not levy any hidden charges on you.
No spending restrictions:
We do not restrict your spending habits. You can use the cash for any of your needs.
If you meet our loan eligibility criteria, you will be instantly approved on the same day.
Pay interest only for what you use:
We charge you interest only for the funds that you withdraw and nor for the total amount that you have borrowed with us.
You have the flexibility to pay minimum amount every month in case you are unable to pay the full EMI.
Instant cash loan in 1 hour: Eligibility
Have a low credit score and wondering if you will qualify for our instant cash loan online? No worries as we check your ability to repay the loan rather than only your credit score.
Meet the below-mentioned simple loan eligibility criteria to get instant cash loans no documents required online.
|Citizen||You must be an Indian Citizen|
|Age||Must be above 18 years|
|Occupation||You must be a salaried employee|
|Income||You must have a minimum salary of INR 8000|
Documents Required to Apply for an Instant cash loan in 1 hour
- Identity Proof (Aadhaar / Driving License / Passport / Voter ID)
- PAN card
- Address Proof (Driving License / Utility Bills / Aadhaar / Passport / Bank Statements / Voter ID)
- Last 3 months payslips
- Photo with the applicant's face clearly visible. You will be prompted to take a selfie or upload a photo while applying for our loan through our mobile app
- Net banking verification to validate your bank account and salary information
Things to Consider Before Taking an Instant Cash Loan
- Processing fees: A percentage of the loan approved is taken as processing fees when you take a cash loan. The more you borrow the more it accrues. Mostly it's a one-time payment.
- Interest: The rate of interest varies with the lender and is calculated at a fixed rate. The total calculated amount is distributed over the period and forms a part of EMIs. It is advisable to compare the interest rates of different lenders to find the best deal. A higher interest rate can make your loan more expensive in the long run.
- Late payment fees: When you can't pay the monthly installment by the due date, late payment fees are charged. You pay it with the next installment. A few lenders might not apply it but many do. So it is advisable to check if your lender is charging any late payment fees
- Prepayment charges: A few lenders will also apply prepayment fees or foreclosure charges when you close the loan before the loan ends. It's the fees charged against the loss of interest and many lenders don't apply it. Check if your lender is charging any prepayment fees.
- Repayment terms: Choose a repayment plan that fits your budget and financial capacity. Make sure you can afford the EMIs.
- Credit score: Taking an instant cash loan can affect your credit score. Make sure you can repay the loan on time to avoid negative impacts on your credit score.
These charges all together can make your cash loan an expensive one. To save from paying any additional costs you must look for an alternative. FlexSalary can make the best alternative for your instant cash loan. It gives the loan in the form of a line of credit where the interest is accrued only after spending the sum. As a salaried professional you can apply for a credit line here and meet your emergency cash needs.
Apply anywhere from INR 4,000 to INR 2,00,000.
You can decide the loan tenure as it is an open-ended loan.
Qualifying Criteria for an Instant Cash Loan
1.Credit history and score: Since this is an unsecured loan, it's not backed by collateral. To reduce the risk of default,lender will check credit history and score. a sound credit record can help you get a lower interest rate and better loan.
2.Income and occupation: Often the lenders apply certain criteria when it comes to the income and profession of the borrowers. Some lenders will give loans to salaried professionals, others to self-employed and some will extend the loan to all. Lenders will consider your income when approving a cash loan. You need to have a regular source of income and be able to demonstrate your ability to repay the loan. While applying for a loan choose the lenders whose eligibility criteria you match.
3.Personal eligibility: Age and nationality are also crucial factors that decide the eligibility criteria. No lender will give a loan to an individual whose age is lesser than 18 years. Some will give it to a person who is 21 years or more. When you apply for a cash loan in India you must be an Indian national.
How to Apply for an Instant Cash Loan at FlexSalary?
In order to get an instant cash loan in 1 hour in India at FlexSalary, follow the below-mentioned 3-step loan application procedure:
Visit www.flexSalary.com and click 'Apply Now'. You will be redirected to our online loan application form web page.
Create your account with FlexSalary by filling all your personal details, employment details, and income details.
Upload the requested documents and submit your loan application.
Our team will quickly check your eligibility. If you meet our requirements, you will be instantly approved for our cash loan. Apply for a paperless loan now!
FlexSalary Line of Credit- The Provider of Instant Credit
1.Relaxed eligibility criteria: Anyone with a salary of Rs.8,000/m can apply for this credit line. No collateral is demanded and after soft credit pulls the approval can be granted.
2.Minimal & digital documentation: Documentation is completed here just with your Aadhar card, PAN card, salary slips and bank statement along with one passport-sized photograph.
3.Instant approval and credit: Within 24 hours of application the approval is granted here. Once approved no waiting time is there for the disbursement of the credit.
4.Flexible EMIs & tenure: At FlexSalary you can repay your dues in flexible installments. Variable installments are accepted without any additional charges. Also flexible tenure of 3-36 months is given in which you can repay anytime.
5.No foreclosure charges: You can also repay your dues anytime in a one-time payment. No foreclosure charges are taken against the loss of interest.
6.High credit limit: As a loan on the salary you can borrow up to Rs. 2L starting from Rs.500 using FlexSalary credit line. This is perfect for both small cash and bigger cash expenses.
FlexSalary line of credit can make the perfect alternative to an instant cash loan. It's an online credit facility that you can avail of in a simple application process. This is also an unsecured credit facility that you can borrow just based on your salary slip and bank statement.