When there is an urgent need for funds, the preferred source to obtain the required funds is personal loans. Personal loans are unsecured loans with varied interest rates. The eligibility criteria for an personal loan are simple and minimal documentation is required to secure these types of loans.
Applying for a instant personal loan has become much more convenient recently, with various choices now accessible. The traditional way is by personally visiting the financial institution. Now, we can either apply online through official websites or through the apps provided by trustworthy lending institutions.
For an instant personal loan, reliable lenders like Fullerton India provide Fullerton India InstaLoan App, which can be downloaded from the play store and app store online.
Features of the InstaLoan App are as follows:
Easy unsecured loans
Applicants with immediate needs can get funds through the app by applying for unsecured personal loans. This loan needs no guarantor or security as collateral.
No restrictions on the use of funds personal
Personal loans come with ‘no end-use restrictions’. Thus, borrowers can utilise these funds for various reasons with no restrictions as long as they pay back within the time frame.
Adequate loan amount
Applicants can get bigger loan amount approval if they have a good CIBIL score. The InstaLoan app can sanction loan amounts up to Rs. 25 lakhs.
Quick approval
Fullerton India offers hassle-free documentation and verifications.
Repayment flexibility
After the disbursal of the loan amount, borrowers can repay the loan with interest within the next 12 to 60 months.
Additional Read: Types of Personal Loans in India You Should Know About