Life is unpredictable, and financial emergencies can strike when you least expect them. That's where CredBharat comes to your rescue with Instant Loans. We understand that waiting for days or weeks for loan approval is not an option when you need funds urgently.
Experience the exclusive, competitive interest rates on instant loans offered by the leading NBFC listed in the table below:
| NBFCs | Interest Rate (p.a.) | Processing Fee |
|---|---|---|
| Muthoot Finance | 14% p.a onwards | Up to 3.5% |
| Tata Capital | 10.99% p.a onwards | Up to 2.75% |
| Bajaj Finserv | 11% p.a onwards | Up to 3.93% |
| StashFin | 11.99% p.a onwards | Up to 10% |
| Faircent | 9.99% p.a onwards | Up to 8% |
| KreditBee | Up to 29.95% p.a | Up to 6% |
| Navi Finserv | 9.9% – 45% p.a | - |
| Money Tap | 13% p.a onwards | - |
| Dhani Loans | 13.99% p.a onwards | 3% onwards |
| Money View | 15.96% p.a | Starting from 2% |
| Pay Sense | 16.80%-27.60% p.a | Up to 2.5% |
| Fibe(Early Salary) | 18%p.a onwards | 2% |
| Home Credit | 24% p.a onwards | Up to 5% |
| CASHe | 30% p.a onwards | Up to 3% or Rs 1,200 |
| HDB Financial Services | Up to 36% p.a | Up to 3% |
Note: Please note that the rates mentioned above are subject to fluctuations in the financial market and may change at the lender's discretion.
Access the finest instant loans in India through the banks featured in the table below. Select and secure your preferred loan offer at your convenience from the table provided:
| Bank | Instant Approval | Personal Loan Interest Rate | Loan Tenure | Processing Fee |
|---|---|---|---|---|
| HDFC Bank | 10 Seconds | 10.50% -21.00% p.a. | 12 – 60 months | Up to 2.5% |
| Yes Bank | 1 Minute | 10.00% p.a. onwards | 12 – 60 months | Up to 2.50% of the loan amount |
| IDFC First | 2 Minutes | 10.49% p.a. onwards | 3 – 60 months | Up to 3.5% of the loan amount |
Note: Please note that the rates mentioned above are subject to fluctuations in the financial market and may slightly vary depending on the specific bank's policies.
Embark on a financial expedition but first compare! Below is a comprehensive comparison between instant loan provided by NBFCs and banks for you to make an informed choice for your financial needs.
| Factors | NBFC | Bank |
|---|---|---|
| Interest Rates | Mostly higher than banks | Mostly lower than NBFCs |
| Loan Amounts | Providing smaller loan amounts | Providing higher loan amounts |
| Processing Fees | Elevated fees and charges (Ranging from 1% to 3% of the loan amount) |
Fluctuates but generally falls below NBFCs |
| Approval | Swift approval procedure | Comparatively lengthier process |
| Eligibility Criteria | Flexible | More rigid |
| Documentation | Minimal | Substantial |
An Instant Loan EMI calculator(Equated Monthly Installment) helps you determine your monthly payments towards your instant loan. It takes into account the loan amount, the interest rate, and the loan tenure to calculate the EMI.
To use an instant loan EMI calculator, you only need to enter your loan amount, loan period and interest rate.
Utilizing an Instant Loan EMI Calculator (Equated Monthly Installment) assists you in calculating your monthly payments for your instant loan. It considers the loan amount, interest rate, and loan tenure in its EMI calculation.
To make use of an instant loan EMI calculator, simply input your loan amount, loan duration, and interest rate.
| Loan Amount | Rs. 1 Lakh to Rs. 50 Lakh |
|---|---|
| Interest Rates | 9.99%* p.a. onwards |
| Processing Fees | Up to 2% plus applicable taxes |
| Instant Loan EMI | Starting from Rs. 2,124* per Lakh for 60 months |
| Instant Loan Tenure | 12-60 months |
| Foreclosure/Pre-Payment Charges | 0%* If paid from own sources |
Prior to submitting your application for an instant loan, it is crucial to verify that you meet all the specified instant loan eligibility criteria outlined below. Ensuring your eligibility not only streamlines the application process but also increases your chances of approval. Here are the key eligibility requirements.
| Age | 24 years-58 years |
|---|---|
| Citizenship | Indian citizen |
| Employment | Applicant should have stable income source |
| Work Experience | 6 months - 24 months |
| Monthly Income | Rs. 15,000 |
Below is a list of essential documents that you'll typically need to provide when applying for an instant loan. Having these documents ready in advance can expedite the loan approval process and increase your chances of securing the funds you need.
Instant loans offer a range of benefits:
By following these strategies, you can enhance your odds of securing an instant loan and obtaining the financial assistance you need in a timely manner.
Applying for an instant loan from CredBharat can be a practical and beneficial financial decision.
Applying for an instant loan from CredBharat is a breeze. Below is a step-by-step guide for applying for an instant loan.
Borrowers have the flexibility to select from various repayment options, including flexible installments, lump-sum payments, and penalty-free prepayment. These choices empower borrowers to personalize their repayment plan, guaranteeing a hassle-free experience.
Ready to move forward?