Balewadi is a region situated in the city of Pune. It is located in the western zone of the city, and is acclaimed for the Shree Shiv Chhatrapati Sports Complex. This complex has facilitated both the National Games in 1994 and the 2008 Commonwealth Youth Games. Balewadi was a village at the edge of the city of Pune until 1997, when it was incorporated into the limits of the Pune Municipal Corporation alongside 22 different villages in various parts of the city. Balewadi is connected to Pune Municipal Corporation, Pune Cantonment, Chinchwad and Alandi by PMPML transport services. Instant loans in Balewadi assist the residents in order to avail cash at ease.
An instant loan can be of two types -
Secured instant loans- If you apply for a secured loan, i.e. an instant loan against collateral, you can get a higher loan amount. The eligibility criteria are also relaxed. Usually, it does not matter whether you can show income proof or not. You may also apply for a loan with only two documents - PAN Card and Aadhaar Card.
Unsecured instant loans- If you apply for an unsecured instant loan, the lender would approve the loan based on your income and expenditure ratio, credit score, and the stability of income. To avail an unsecured loan, you have to satisfy the minimum monthly income criteria set by the lender and is usually above INR 21,000 per month. Moreover, you have to submit documents like PAN Card, Aadhaar Card, income proof, age proof, income tax file, bank account statement, and quite often, a guarantor.
Hence, if you want a no-frills loan, it is prudent to apply for a secured instant cash loan online.
Instant loans are one of the simplest and most popular loans in India. Out of all loans offered by Indian lenders, instant loans are the most feature-rich and easy loan you can avail. Some of the prominent features of an instant loan are:
Flexibility- The first feature that makes an instant loan unique is its flexibility. You may use the loan amount for any purpose you want to.
Loan approval- The second feature is the speed at which instant loan approvals occur. Usually, an instant loan gets approved within an hour of the loan application.
Ease of loan application- The third feature is that you can apply for an instant loan online or offline. The entire process, from application to approval, is transparent, quick, and painless and is hassle-free when it comes to gold repayment.
Minimal documentation-Last but not the least, instant loans are so popular due to the minimum documentation required to apply for an instant loan. You need to upload no more than five to six documents to submit your loan application.
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Short-term loans are loans that usually have a repayment period of not more than one to two years. Short-term loans have recently shot to fame due to features like instant loan approval and collateral-free nature. The first type of short-term loan is a bridge loan, which you may apply for while waiting for a high-value loan to be approved. The second type is a loan overdraft, which means you can apply for an additional loan if you have an existing loan. The third type of short-term loan is a demand loan, where you can pledge your savings certificates or insurance policies to get up to 75-80% loan. The fourth type is a gold loan, where you can pledge your gold to avail a loan at ultra-low interest rates. Although a gold loan is a collateral-based loan, the benefits of this type of loan makes it extremely popular with Indian borrowers.
An instant cash loan online is not only the easiest loan you can get, but also one of the cheapest loans you may avail. Back of the envelope calculations show that, by availing an instant loan, you may save up to INR 12,000 on interest expenses. However, the amount you save depends on the discounts your lender offers. The application process is also much simpler than other loans. Simply download the lender's app, complete the KYC formalities, and receive the loan amount in your account. KYC documents include PAN Card, Aadhaar Card, Income proof, bank account statement, and a few other documents. Generally, the process of loan approval takes no more than an hour.
Many borrowers often have the misconception that you need to produce salary slips to avail an instant loan. But nothing can be further from the truth. An instant loan is a fully flexible instrument, which means virtually anyone can apply for a loan. If you are a self-employed professional or non-professional, you may still apply for a loan. However, before applying for the loan, you must prepare an income certificate, which will show your net income. The lender would evaluate your income statement and try to understand your expense pattern, which includes existing liabilities. If your debt to income ratio is healthy and the credit score high, you may stay one hundred per cent assured about loan approval. You can also opt for a collateral-based instant cash loan if your income is not sufficient since it requires neither your income statement nor a salary slip. It also doesn’t require your credit score.
instant loans are the most flexible and speedy financial instruments available. One of the major perks of availing an instant loan is that it can be spent as per your discretion. This amount can be spent to meet your household expenses, unexpected medical emergencies, education expenses, or any other cause as per your will provided it doesn't involve speculative activities such s gambling. What's more, this even makes you eligible to receive tax benefits. For example, if you are availing a loan to build a house you are eligible to receive up to 2 Lakhs INR. On the other hand, if the money is being utilized to renovate your home, you will then be eligible to receive up to 1.5 Lakh INR tax benefits. Entrepreneurs or professionals that are self-employed leverage these loans to meet their working capital requirements. You can also invest these funds in buying a vehicle for the family or any electronic items.
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