Manjusar is a locality in the Vadodara city of Gujarat. The city got its name because of the copious amount of Banyan (Vad) Trees present here. The city was also famous as Sanskari Nagari and Kala Nagari (the city of art) of India. Manjusar is popular for its Bhimnath Mahadev temple and the Manjusar GIDC. The Bhimnat Mahadev temple is a historic temple, believed to be built in the Mahabharat era by the Pandavas who would then give their offerings to Hindu deity Shiva here. Owing to its historic importance the region witnesses a throng of visitors. The region has developed rapidly and many financial service providers offer instant loan in Manjusar.
The flexibility related to instant loan guarantees that it can be put to any use. People in Vadodara 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, to sponsor an event, or to 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.
Although both personal and instant loans provide the lender with emergency funds, certain features make them different from each other. These pertain to their nature, their requirements, and their loan amounts.
Nature: While a personal loan is always unsecured, an instant cash loan can be either secured or unsecured.
Collateral requirement: Personal loans are always collateral-free while instant loans can be collateral-free as well as collateral-based.
Required documents: Personal loans require more paperwork to prove the financial health of the borrower. In the case of secured instant loans, the paperwork is minimal, consisting only of the borrower’s identity and address proof. However, when obtaining an unsecured instant loan, the borrower is required to submit documents to prove their financial health, such as their credit score and income statement.
Upper limit: Up to INR 20 lakh can be procured using a personal loan. When it comes to a secured instant loan, there is no upper limit in the loan amount that can be availed. The lender can receive up to 75% of the market value of the pledged collateral as the loan amount. On the other hand, not more than INR 5 lakh can be obtained as the loan using an unsecured instant loan.
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Repaying the EMIs is easier than applying for a loan. When you are availing a collateral-based instant loan, such as a gold loan, rather than availing a personal loan or a credit card, you can enjoy the benefits of lower interest rate. There are three types of payments during the loan tenure period - the interest, closure and part payments. What you pay every month as EMI is what the interest consists of. What you pay for the release of your collateral is the closure payment and Part-payment is the amount that you pay more than what you pay as interest. You can pay the EMIs either by visiting the website of the lender or by downloading their app from PlayStore. You can also pay using Internet Banking, Debit Cards, UPI, NEFT, RTGS or IMPS. When you choose EMI as your monthly payment option, you will get notifications from the lender to remind you about the payment.
An instant cash loan is often considered as the best loan when you want to carry out urgent home repairing. You may use the funds to carry out plumbing work, electrical work, painting, or structural repairs. Alternatively, you may use it to buy an air conditioner or any other device or gadget which would enhance the aesthetic beauty of your house. The application and the instant loan approval process is pretty straightforward. Keep a few essential documents like PAN Card, Aadhaar Card, and two or three other documents ready, and you would most likely get the funds in your account within an hour of the loan application. The loan interest rate and loan term will depend on your credit worthiness and your ability to make the loan repayment on time. If a home renovation is high on your priority list, an instant loan can be your best friend.
In India, an instant cash loan is one of the easiest and the most efficient sources of funds. An instant cash loan is of two types - a collateral-based loan and a collateral-free loan. Both these types of instant cash loans require the loan interest to be paid. The loan interest rate on a collateral-based loan is less than the loan interest rate on an unsecured loan. The loan interest rate depends on a few factors such as your credit score as well as your loan amount. In case of an unsecured loan, where your credit score is mandatory, the interest rate can be low if you have a high credit score. A high credit score is a mark of your financial health. When it comes to the case of the loan amount, yes, a low loan amount is likely to be charged a higher interest rate than a high-value loan. This happens because the processing charges have to be covered. But it is still advisable to get an instant cash loan since the disbursement of the funds is pretty quick. You can also avail of a lower interest rate, even on small loans by opting for a secured loan, such as a gold loan.
Weddings are the epitome of family gatherings. Often, families want to spare no expense but budget constraints are something that holds them back from celebrating once-in-a-lifetime events like weddings with grandeur. Well, worry not! All you have to do to meet your fund requirement is apply for instant loans online and the sky is your limit! instant loans are designed to meet all your urgent fund requirements at short notice. You will not have to skimp on the wedding of your dreams or dip into your savings. These loans can be both availed and approved within an hour of loan application owing to which it doesn't require any detailed planning or documentation. All you'll require is an Aadhar card and collateral such as gold to secure against your loan and you are good to go and quite frankly, this is the smartest bet you can make while availing credit.
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