Situated in the southern part of Kolkata, Dhakuria is a densely populated residential locality. The area traces its existence to more than two centuries back. An interesting thing to note is that even after the rapid wave of modernization that swept the area in the last decade, several buildings exist in Dhakuria that predate 1900. The locality stands in proximity to posh neighbourhoods like Kasba, Jodhpur Park, Jadavpur, and Ballygunge. It remains connected through Rash Behari Avenue, Raja SC Mullick Road, and SP Mukherjee Road. Dhakuria Railway Station connects the locality to Sealdah Station, one of the main railway hubs of Kolkata. Rabindra Sarovar Metro Station is the nearest access point for metro network. Dakshinapan, a one-of-its-kind shopping complex for handicrafts and handlooms, is a major attraction of this area. Instant loan in Dhakuria is the most availed category of loans. Dhakuria AMRI Hospital is a renowned medical facility operating out of this locality.
The flexibility in the end-use of an instant loan makes it one of the most popular loans in India. Denizens often avail instant loans in Kolkata for various reasons. The first reason why people avail an instant loan is to address sudden financial emergencies. Sometimes, in case of hospitalisation, the bill amount may exceed the available cash. An instant loan provides urgent money, which one can use on anything related to health. Another reason why people apply for an instant loan is to set up a business. In some cases, using the instant loan amount for business may also enable you to apply for tax rebates. Many borrowers also avail an instant loan to sponsor a vacation or a tour. The fourth reason why people apply for an instant cash loan is to spend it on sponsoring a big event like a marriage.
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.
Last Updated :
Last Updated :
An instant cash loan online is one of the most popular and easiest loans you may apply for when you need urgent cash. The best feature of an instant loan is the speed with which it gets approved. To apply for an instant loan, you have to download the lender's app or call their customer service desk. If you apply for a collateral-free instant loan, the KYC verification process will take place online. If, however, you apply for a secured loan, a loan officer would visit your location within thirty minutes for physical KYC and collateral verification. After successful validation, the lender would approve the loan and transfer the loan amount to your bank account. Generally, the entire process takes about one hour. Hence, an instant loan makes sure that the shortage of funds will never be an issue anymore.
You can avail an instant loan and live life on your own terms! All you'll need is the app on your smartphone, the necessary documentation needless to say the right kind of eligibility. These eligibility criteria are usually subject to change from one lender to another. Typically, to avail a collateral-free instant loan, one needs to be minimum 21 years old. But in the case of a collateral-based loan that involves a security pledge, the minimum age requirement to meet the eligibility criteria is 18. In support of your age proof, you can either submit your birth certificate or the admit card from your secondary school examinations. It is noteworthy that meeting the minimum age requirement is only one of the eligibility criteria. To ensure that your loan application gets approved in the first attempt itself, you will have to ensure that you meet all the eligibility criteria involved.
Any official lender/financial institution in India comes under the jurisdiction of the RBI. The RBI exercises adequate caution when it comes to certifying and governing these lenders as per Section 45 IA of the Reserve Bank of India Act, 1934. Availing instant loans online has been made thoroughly safe and secure by this act. If you wish to verify this by yourself, make sure to check the lender's Certificate of Registration and it's validity before submitting your documents and details online. As far as the privacy of your personal and bank details are concerned, several seasoned lenders use 256-bit encryption and threat mitigation technologies that uphold international standards. For example, the SSL technology is used to ensure complete end-end privacy of client data. Since right from loan application all the way to loan repayment all occur online, lenders have ensured that these processes remind encrypted end-end making it your easiest, safest bet when it comes to credit!
While both instant loans and personal loans are availed similarly, a few elementary differences set them apart. For instance, instant loans can be of two types, both secured and unsecured while personal loans are unilaterally unsecured. Another vital difference involves the interest rates of these loans. While unsecured loans have a higher interest rate, secured loans that require you t pledge collateral or security come at a much lower interest rate and in certain cases might even be subject to a longer tenure if need be. The most imperative difference between these two loans is the speed at which they are approved. Personal loans may or may not get approved instantly but instant loans are designed to be approved within an hour or so of the loan application. If you are urgent in need of funds, instant loans online are the way to go.
Your request has been received, our customer relationship manager has been notified and will call you shortly