Key Features & Benefits of the Insta Loan
Insta loan is designed to provide quick funds to borrowers. These features and benefits at Piramal Finance that aims to streamline the customer journey with us are as follows:
Digital Loan Processing
Digital Documentation
No Need For Collateral
Affordable Interest Rate & Flexible Tenure
Factors Responsible for Insta Personal Loan Interest Rate
Age:
You must be at least 21 years old to be eligible to apply for a personal loan. However, the maximum age at which a person can apply for an instant personal loan is 58 years. Usually, younger applicants can repay loans better than older applicants because of their higher repayment capacity. Consequently, a younger applicant is eligible for a lower interest rate than an older applicant.
Credit Score:
Individuals employed in public sector enterprises and private sector firms are deemed suitable for an insta personal loan. People with stable income and job security get lower interest rates compared to others.
Employment Status:
Individuals employed in public sector enterprises and private sector firms are deemed suitable for an insta personal loan. People with stable income and job security get lower interest rates compared to others.
Work Experience:
To be eligible for a loan, you must have a regular income and have worked for at least two years. The greater your professional experience, the higher your ability to repay the loan, and the lower your interest rate.
એફએક્યુ
An Insta Personal Loan is a quick loan. This includes instant approval and disbursal process to cater individual’s urgent expenses.
At Piramal Finance, a credit score of 650 and above is regarded as a good score to avail an Insta Loan. You can always improve your credit score, as good credit score will increase your chances of availing the loan.
Yes, you can foreclose or prepay Insta Personal Loan at Piramal Finance without any foreclosure charges.
You can opt for Insta Personal Loan when you need quick funds to manage emergency expenses.
You can make the payments for Insta Personal Loan using E-Nach (National Automated Clearing House). It is the most convenient and secure method of making payments.
