Instant Loan in Bangalore

The city of Bangalore had been a British colony since 1830 and continued to remain under British rule until it was transferred to India. The city has a touch of old forts and palaces, along with mostly newer architecture. The smart city of Bangalore will enthral you with its beautiful skyscrapers, advanced technology, and extraordinary experiences. The city also provides the lions share to the state's economy. It is also a startup hub and houses some of the most reputed educational institutions. Bangalore specializes in IT, Aviation, electronics, manufacturing, aerospace, fintech, feature films, pharmaceuticals, logistics, and healthcare products. To expand or set up a business, people mostly choose Instant Loans in Bangalore. Due to its technological advancement, it also has many hi-tech government organizations requiring secrecy. Some of the places worth your time during your visit include Lal Bagh Botanical Garden, Cubbon Park, Bangalore Palace, Tipu Sultan's Summer Palace, Visvesvaraya Industrial and Technological Museum.

We offer the highest per gram rate on our gold loans.

3,503*

Instant Gold Loan Calculator in Bangalore

Loan Amount
Choose required Loan Amount
Gold Weight
Choose availableGold Weight
Required Loan Amount
5,00,000
<1L
2L
3L
5L
10L
20L
Interest Rate
0 %
Tenure
6 M
4M
6M
Loan Amount₹ 5,00,000
Tenure6 M
Interest Rateundefined %
editEdit

Monthly Interest Amount

NaN

Gold Required

142.8 gms

Total Interest

NaN

Reasons to take an instant loan

The flexibility related to instant loans guarantees that they can be put to any use. People in Bangalore procure instant loans for a variety of reasons - whether the expenses are planned or unplanned. The funds procured through an instant loan can be used to pay off unprecedented medical bills. It can also be used to finance a tour or a vacation or to meet other unexpected emergencies. Whether it is for a house renovation that you need funds for, or it is to start a small business, or just about anything, instant cash loans do not stand in your way. You can also use them to pay off your credit card debts, sponsor an event, or conduct a grand marriage function. The flexibility offered by an instant cash loan makes sure that you can use your funds for whatever need, as long as it is not for speculative or illegal activities. In some cases, it is also possible to apply for tax rebates when you use an instant loan.

rupeek ad

Frequently asked questions

Can an instant loan request be altered?

Generally, when you apply for an instant cash loan, the lender automatically assumes that you have carefully evaluated your needs and the loan repayment capability before you apply for a loan. However, they are also considerate about offering you the facility to alter your loan request. The first thing you may alter after placing the loan request is the loan amount. The second thing you may alter is the loan term. And the third thing you may change is the type of the loan. However, all of these changes need to be done before the loan approval. Generally, no loan alteration request, other than the loan term, is entertained post the instant loan approval.

What identity proof is valid for a instant loan?

When compared to other sources of quick funds, an instant cash loan is one of the best options as it requires a minimum length of procedures, paperwork, and other documents. When you avail of an instant cash loan, there are three, or two main documents to present - depending on the type of the loan. There are two types of instant loans - a collateral-free instant loan and a collateral-based instant loan. In the case of collateral-free instant loans, documents to prove your identity, your address - such as your Aadhaar Card, PAN Card, Passport, Driving License, Ration Card, Birth Certificate, and Electoral Photo Identity Card, Matriculation Certificate, etc, can be presented. Among these documents, the PAN Card is considered the most mandatory document. You will also have to give an income statement or a salary slip to prove that you have a stable source of income and that the loan repayment will be done within the loan term. But, in the case of a collateral-based loan, you neither have to present your income statement nor your salary slip. You are only required to present your identity proof and address proof.

What can an instant loan be used for?

An instant loan is a highly flexible source of funds, which makes it one of the most popular sources of funds. The borrower can use the acquired funds for any purpose, as per his requirements, except for illegal and speculative activities. Most people take an instant cash loan for business requirements or to meet other capital requirements. People also use the acquired funds to renovate their houses, which can make them eligible to obtain tax benefits up to INR 1.5 lakh. If the funds have been acquired for the construction of a house, the borrower can receive tax benefits up to 2 lakh. The funds obtained through an instant cash loan can also be used to purchase electronic equipment or a motor vehicle. The borrower may also borrow money to meet unprecedented expenses such as a medical emergency.

What are the documents required for an instant loan?

Financial institutions are extremely flexible and usually willing to accommodate any shortcomings the borrower might have. The main institutions that disburse these loans are 1) Commercial banks 2) Non-Banking Financial Companies (NBFCs) 3) Housing Finance Companies (HFC) Banks are severely governed by the central bank which there are several regulations they need to adhere to. This implies that they require the borrower to have a high credit score and submit all the necessary documents. This automatically drives most borrowers towards more flexible options. That is, HFCs and NBFCs for their urgent fund requirements. Instant loans both secured and unsecured usually take up to just 60 minutes from loan application to disbursal. Unsecured loans can entirely be availed online whereas secured loans will require a lender-appointed representative to visit you to verify your documents and value your collateral. Post successful approval, the loan amount is disbursed.

rupeek ad
Apply now for 30 minutes doorstep service#
Instant loan in other cities
Loan services in Bangalore