We never know what happens when. It is not under our control. Maybe that’s why people say life is full of uncertainties, and all we can do is go with the flow of it. God forbid there comes a time when you need money but do not have enough funds available at the same time. That’s when instant personal loans step in. Instant personal loans are a blessing when you are in need of instant money. Instant personal loans for salaried employees are one of the most convenient options in an emergency. Personal loans are the answer to several situations such as buying that MacBook, medical emergencies, travel expenses, credit card bills, etc. All those hefty expenses that can be afforded with your fixed monthly salary can be made affordable with the availability of instant personal loans for salaried employees.
Instant personal loans for salaried employees can be for every individual who gets a salary irrespective of the industry being privately held or under the government. And now, availing of an instant personal loan for salaried employees has become even more convenient with online personal loan apps.
This article will discuss everything you might need to know before considering taking out an instant personal loan.
Characteristics of an instant personal loan for salaried employees
- Less amount of paperwork
- No collateral is required against the loan amount
- Quick loan approval
- Flexible repayment terms
- No hidden costs or charges
- Loan approval for various purposes
- The easy and user-friendly online loan application process
- Quick disbursement
Eligibility criteria you must meet for getting an instant personal loan for salaried employees
- You must be an Indian citizen
- You must be between 18 years to 60 years
- You should either be salaried or self-employed
- For salaried employees, the minimum monthly income should be Rs.18,000
- For self-employed professionals, the minimum monthly income should be Rs.20,000
The documents you need for an instant personal loan for salaried employees
To get an instant personal loan for salaried employees, you must keep the following documents handy to avoid any kind of unusual delay or issues while applying for a loan.
- Proof of identity and age – Pan Card, Aadhar card, passport, etc.
- Proof of income – 3 months salary slip
- Address proof – Aadhar card, driving license, passport, etc.
- Photograph of yourself
Different purposes of availing an instant personal loan for salaried employees
As mentioned before, personal loans can be availed for several reasons. Some of the reasons for availing of an instant personal loan for salaried employees are:
- Consolidating debt or repaying high-interest loans or credit card amounts
- Medical expenses for yourself or a family member
- Your or your family member’s wedding expenses
- Pay for your spouse’s or child’s higher education or professional training.
- Buying your dream car
- Remodel or renovate your home
- Costs associated with consumer durable goods
Steps to get an instant personal loan for salaried employees
Your instant personal loan is now even easier to get and just a few clicks away. With an online personal loan app, you can disburse your loan amount in a few minutes. Here’s how:
- After downloading the online personal loan app, check your eligibility and select a personal loan plan.
- Upload your documents for loan approval and sign the NACH mandate for automatic EMI deductions.
- Get the approval within two working hours and the money directly into your bank account.
Conclusion
So, what are you thinking about? Can’t figure out how to arrange money for the vacation you’ve been excited about for so long or your dream wedding? Get that instant personal loan for salaried employees today, get all that financial stress out of your body, and relax. Download an online personal loan app, such as PaySense and let it take care of getting you the best loan deal possible.
