Facing a cash crunch? An instant cash loan can help. An instant loan is essentially a personal loan which disburses loan with a short approval process. Loan apps such as the EarlySalary app provide personal loans that can fulfill your short term monetary needs. These are unsecured forms of credit that can be availed with minimal documentation at competitive rates and convenient repayment terms. 

The quickest option is to apply for an instant loan on the instant cash loan app. It has become much easier to avail a loan with just one click and that too at the comfort of your home or at the office with a smartphone and a working internet connection. The application and approval process is completely online. There are three basic eligibility criteria that you must check before applying:

  1. You must be above 21 years and below 55 years of age.
  2. Salaried individuals with a minimum salary of ₹18,000 (Metro Cities) and ₹15,000 (Non-metros).
  3. Must be an Indian citizen

If you need instant cash and fulfill the above criteria, read on to find 3 easy steps to avail an instant loan online without documents.

Step 1

EarlySalary, a loan app, asks for minimum documentation like proof of identity, proof of residence (leave and license agreement or electricity bill, latest three months bank statement (where salary/income is credited), salary slips for the last 3 months or the 3 months bank statement and one passport size photograph. All these original documents must be uploaded in PDF format.

Step 2

The next step is to download the loan app from the Google Play Store and register on it. Upload your documents on the app itself and fill in the necessary details. EarlySalary provides instant loans starting from INR 5,000 to INR 2 lakh. You can choose the borrowing amount on the basis of your repayment capacity and the EMIs. The duration of the loan can range from 3 months to 12 months. The entire documentation and transaction process is carried digitally – so no physical visits or verification is required throughout the process. 

Step 3

Once you submit a request on the loan app, it is reviewed and processed within 8 to 24 hours of your application. The approved loan amount is directly credited to your bank account. This is the easiest way to get an instant personal loan online.

Data Security 

If you are worried about the security and confidentiality of your personal details then Earlysalary processes maintain all precautions to protect your personal loan details. The app provides a Secure Socket Layer (SSL) Encryption. You are provided a secured login through https:// protocol. The 2-Factor or Multi-factor authentication lets you securely login using security questions or by the use of a security code sent to your registered mobile number. 

An additional feature of EarlySalary is that the firewalls filter the unauthorized and unsecured data coming and going out of EarlySalary’s servers. You do not have to provide any additional information while logging on EarlySalary as we do not use cookies. All your details and credentials are secured and kept confidential.

With the current global epidemic of Covid-19, self-quarantine and social distancing are the easiest precautions that one can take. Hence, getting an instant loan without the need for physically traveling with documents at interest rates as low as Rs 9/day is certainly the safest option for credit.

Still, wondering how to get an instant loan? Check out the EarlySalary loan app, read the FAQs and the process of how the online loans work. This will help you arrive at a decision.

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