Instant Loan: Many times such an emergency comes when you leave your pockets and saving. At such a time, instant personal loan can help you. Nowadays, money can reach your account within a few minutes through digital lending platforms. If you need up to 1 lakh rupees, then you too can be found in some simple steps. There are many factors that can make your loan approval easier. If you keep these things in mind, then there will be no delay in getting a loan, nor will more interest be charged.

Take care of these things before applying for a loan of 1 lakh rupees

Credit score good

The most important role in getting a loan plays your credit score. If your score is 750 or more, the loan may be approved quickly. You can check your credit score for free on digital platforms like Moneycontrol.

Regular income

If your income is regular, then the possibility of getting a loan increases. Especially salary people consider banks and lender more reliable.

There should be stability in the job

If your job is stable and for a long time you are working in one place, then it also helps in loan approval.

The borrowing is less, income is more

If the borrowing is less than your income, then the possibility of getting a loan increases. This means that your financial health is fine and you can handle a new loan.

Old loans are paid on time

Whether you have made payment of loan or credit card earlier on time, it also matters a lot. This determines your credibility.

What documents are required for loan

Instant loans do not require too many documents, but some basic documents are necessary.

Identity and Address Proof: Aadhaar Card, Voter ID, PassPorce or Driving License

How to apply for a loan of 1 lakh rupees

Go to the Lander’s website or app.
Go to the personal section.
If you are a new user, then register, otherwise login.
Fill your entire details and do OTP verification.
Fill the income details and complete the KYC.
Fill the loan amount.
Upload soft copy of documents.
Submit the form.

How to take instant loan in just 3 steps

Fill your basic details.
Complete KYC process.
Set EMI payment method.
Who is eligible for instant loan
Age should be between 21 and 60 years
Regular salary or any other income source that is credited in a bank account

Loans taken earlier are paid on time

Overall, if your credit score is good and income is stable, then getting an instant loan of up to 1 lakh rupees is very easy in today’s time. Yes, it is necessary to read its terms and conditions well before taking a loan. Summary Do you need 1 lakh rupees immediately? It is mentioned here how digital lending platforms like Moneycontrol make it easy to get a loan immediately with a minimum documentation and sharp dysbergs.