What is an instant cash loan?
An Instant Cash Loan is a short-term loan that is provided to a borrower from lenders like banks and NBFCs. It is an ideal way to get quick cash – as the term instant suggests, these loans are disbursed in super-quick time. Also, these are unsecured loans – which means that there is no need to pledge any kind of asset with the lender. This fact also increases the risk factor for such loans and pushes interest rates to be higher than secured loans.
The instant cash loan is an ideal solution to pay for a string of expenses. Better yet, these loans are extremely flexible and can be repaid through flexible tenure options that lenders provide. Usually, tenures for these types of loans range from 6 months to 60 months. You can manage home renovations and upgradations or buy a second- hand car … Read the rest