When you are facing any financial problems in your life, In this situation getting a quick loan from app can help solve your urgent money problems. Whether it's an unexpected medical emergency or an urgent bill that needs to be paid, these quick cash loan apps provide an immediate solution.
This small loan app allow you to apply for a loan directly from your mobile phone to get the your emergency money within few minutes.
Eligibility Criteria for Small Personal Loan App
To apply for a small loan through these apps, you need to meet a few eligibility requirements:
- Age Requirement: You must be at least 21 years old.
- Residency: You need to be a resident or citizen of India.
- Income Proof: A stable income is often required, with a minimum monthly income of ₹15,000 to ₹20,000.
- Credit Score: Minimum Credit Score required 650+ . More than 700 credit score holder can get fastest approval. If you are facing issue to increase your credit score you can check how to improve credit score within few days it helps to improves your chances of approval.
- Bank Account: You need a functional bank account for loan disbursement.
Documents Required for Small Loan Apps
The documents required are minimal compared to traditional loans, making the process fast and easy:
- Identity Proof: A government-issued ID such as Aadhar Card, Passport, or Voter ID and latest version of PAN Card. If you dont have QR based PAN can download PAN 2.0 Online.
- Address Proof: Documents like utility bills, bank statements, or a rent agreement that confirm your address.
- Income Proof: Recent salary slips (last 3 months) or bank statements showing income.
- Bank Account Details: Your bank account number and IFSC code for transferring the loan. It should be your salary account.
- Photograph: A passport-sized photo for verification.
Apply Online for Small Loan upto 5 Lakh