Multiple banks. Different interest rates. Call it a "conflict of interest".
  • Personal Loan BYTES FROM OUR KITCHEN

    Best Quick Loans 2019

    Quick loans are loan products designed to take care of your short-term financial difficulties. As the name implies, these loans are disbursed quickly within hours of application. These loans typically have very minimal documentation, and the process is mostly performed online.  

    Top Quick Loan Lenders in India 2019: Compare and Apply 

    There are many lenders that offer quick loans in the country. Customers can check out these loans and apply online to get the best deal. The terms and conditions of these loans vary significantly from one another. Let’s check out some of the popular loan products available in the market and their terms. 

    1. Nira Finance 

    This is one of the renowned firms in the quick loan industry. The loan can be applied online and approval is typically provided within a few hours. 

    Lender
    Interest Rate
    Minimum Loan Amount
    Maximum Loan Amount
    1.5% to 2.5% per month
    Rs.5,000
    Rs.1 lakh

    Benefits:

    • Loan approval even for individuals without CIBIL score 
    • Loan disbursal within just 3 minutes of application 
    • Paperless loan processing and approval 

    2. Loan Circle 

    This company promises to look beyond the conventional credit scores while providing loans to the customers. It uses a data-driven model to identify high quality customers and provide services to them at affordable rates. 

    Lender
    Interest Rate
    Minimum Loan Amount
    Maximum Loan Amount
    Loan Circle
    Starts from 8%
    Rs.10,000
    Rs.1 crore

    Benefits:

    • Flexible repayment tenure based on customer’s choice 
    • Loan disbursal within a maximum of 48 hours 
    • 100% online process without any paperwork 

    3. Quikk Loan 

    Quikk Loan offers personal loans to customers with flexible terms and conditions. Customers can choose from the range of choices associated with repayment terms, loan amount, etc. The interest rate is fixed based on the customer’s profile and chosen loan amount. 

    Lender
    Interest Rate
    Minimum Loan Amount
    Maximum Loan Amount
    Quikk Loan
    Starts from 11.49%
    Rs.25,000
    Rs.25 lakh

    Benefits:

    • Easy online application process 
    • Flexible repayment tenure 
    • Simple documentation and approval process 

    4. Qbera 

    Qbera is a financial service provider that offers instant loans with flexible terms. This company focuses on providing financial services to individuals who get rejected by other companies for inordinate reasons like a poor credit score. 

    Lender
    Interest Rate
    Minimum Loan Amount
    Maximum Loan Amount
    10.99% to 35.99% per annum
    Rs.1 lakh
    Rs.15 lakh

    Benefits:

    • Flexible long-term repayment facility for up to 60 months 
    • Easy online repayment facility 
    • Minimal documentation and quick processing 

    5. Eborrow 

    This company is ideal for getting a low amount of cash during an emergency situation. It is ideal for entry-level employees looking for short-term cash to take care of emergency needs. 

    Lender
    Interest Rate
    Minimum Loan Amount
    Maximum Loan Amount
    Eborrow
    Fixed charge of Rs.150 per month for Rs.1,000 loan amount
    Rs.1,000
    Rs.10,000

    Benefits:

    • Customer’s choice of repayment in one or two monthly instalments 
    • Easy documentation and approval process 
    • Instant loan disbursal within a day 

    How to Apply for Quick Loans? 

    The online application process for quick loans is very simple. The following steps provide information about the process involved in applying for a new loan: 

    • An account must be created in the official website of the lender before you can register for a loan. Here, you need to provide your personal details, employment details, previous credit details, and income details. The supporting documents for this information must also be uploaded. 
    • The lender will check the information provided and verify the supporting documents. This process is typically quick and will not affect the speed of loan disbursal in most companies. 
    • If you meet the eligibility criteria, the lender will disburse the loan amount to you immediately. Once the loan amount is credited in your bank account, you can use it for anything you wish. 

    Before you apply for a loan, you need to do some research on the different types of products available in the market. This will help you get an idea about the interest rates in the market. Through careful research, you can choose the right product that meets your expectations. 

    Eligibility Criteria 

    The eligibility criteria for applying for a quick loan are listed as follows: 

    • Most companies offer quick loans for eligible individuals over the age of 23 years. However, the age requirement is likely to differ significantly from one company to another. Some companies have set the minimum age requirement at 25 years. 
    • The applicant must be employed at the time of applying for the loan. Some lenders provide loans only to individuals who have been employed for a specific period. 
    • Most lenders have also set income criteria for individuals to qualify for a quick loan. The monthly income of the applicant must be higher than the threshold set by the companies. During the application process, individuals must provide their latest salary slips to prove their declared income. 
    • The credit repayment history of the applicant must be good. If the applicant has defaulted on loans before, it will be difficult to qualify for a quick loan. 
    • The applicant must be a resident of India. 

    Documents Required 

    The following list of documents must be submitted while applying for a quick loan: 

    • Identify proof (PAN card, Aadhar, Voter’s ID, Passport, driving license, etc.) 
    • Address proof (Aadhar, voter’s ID, Passport, driving license, utility bill, rental agreement, etc.) 
    • Payslips (Up to 6 months) 
    • Bank statement (Up to 6 months) 
    • Employment proof (employee ID card) 
    • Income tax returns (for self-employed applicants) 
    • Signature proof (specimen signatures) 
    • Passport size photographs (3 to 5 nos.) 

    Features and Benefits 

    Some of the notable features and benefits of quick loans are given as follows: 

    • Most of the quick loan providers charge processing fees on their loans. It could range from 1% to 5% depending upon the company and the loan amount. 
    • Most quick loan lenders allow foreclosure of the outstanding loan amount in exchange for a nominal charge. There are also lenders in the market that do not charge any foreclosure fees from their customers. 
    • One of the notable features of quick loans is the speed at which the loan amount is disbursed. Lenders typically have very minimal documentation when it comes to quick loans. This allows them to disburse these loans within a matter of hours. There are also lenders who promise loan disbursal within a few minutes even to new customers. 
    • Many quick loan providers offer insurance coverage to customers against the loan amount borrowed. If something happens to the customer during the loan tenure, this insurance will help these companies recover their dues. 

    Things to note before taking a Quick Loan 

    Quick loans come with a lot of benefits. However, they also come with a few limitations. You must consider the following things before you apply for a quick loan: 

    • The interest rates (annual percentage rate) for quick loans are much higher than other traditional loans. Though these loans are quick and easy to get, you have to shell out a lot of money for interest charges. 
    • When you are searching for a quick loan, make sure that you get a loan from a lender that has a good service record. There could be shady, uncertified lenders operating in the market. Make sure that you do not fall for a scam. 
    • Watch out for any hidden charges associated with these loans. You need to read the loan document carefully and enquire with the company about the charges and fees involved in getting a loan. 
    • When you take a quick loan, make sure that the amount is within your repayment capacity. If you default on these loans, the late fees and other charges are significantly higher than other conventional loans. You must ensure that you do not fall into a debt trap which is difficult to escape. 

    FAQs 

    1. Is it possible for self-employed people to get quick loans? 

    There are some companies in the market that offer quick loans to self-employed people. These companies use the income tax returns of applicants to assess their creditworthiness and repayment ability. 

    2. Do I have to provide any collateral for quick loans? 

    No. There is no need to provide any collateral for quick loans. 

    3. How can I apply for a quick loan? 

    Most of the lenders in the market provide their service through online means. You can visit the websites of these lenders and apply online. If there is a branch office near your residence, you may also visit these companies directly to apply for a loan. 

    4. How do I check the EMI of a loan before taking it? 

    Lenders have an EMI calculator for customers to calculate their EMI amount. You must provide various details like loan amount, tenure, and interest rate to calculate the EMI for the desired loan amount. 

    5. Is it necessary to provide information to the company on how I am spending the money? 

    No. There is no need to inform the company about how you are spending the money. You may use it for any emergency cash requirements. 

    quick loans Reviews

    • Axis Bank Personal Loan
      "Excellent service"
      0.5 4.0/5 "Great!"
      I have applied for Axis Bank Personal Loan through online .The agent clearly explained the process of the loan.The rate of interest was as ok and the processing fee was also ok. while submitting the documents not yet faces any issues .The documentation part was more.The loan amount got on time .The loan amt was sufficient s well .The Overall Service is Good.
      Was this review helpful? 0
      , chennai
      Reviewed on Mar 24, 2019
    • Bank Bazaar Personal Loan
      "Excellent service"
      0.5 4.5/5 "Excellent!"
      I came to know about Bank bazaar through advertisement only.Then i have checked for credit score .Bank bazaar is providing very good service as of now need to avoid calling the same person frequently.Then i have tried to apply for Tata Capital Personal loan .The agent clearly explained the process of the loan and not yet faced any issues as of now.The rate of interest was little bit high and the processing fee was acceptable .The Overall Service is Good .
      Was this review helpful? 0
      , chennai
      Reviewed on Mar 24, 2019
    • Tata capital Personal Loan
      "Excellent service"
      0.5 4.5/5 "Excellent!"
      I have applied for Tata capital Personal Loan.I have not faced any issues. The rate of interest was littile bit high and the processing fee was little bit acceptable.The agent clearly explained the process of the loan.I have not faced any issues till now .The Overall Service is Good and satisfactory .
      Was this review helpful? 0
      , chennai
      Reviewed on Mar 24, 2019
    • Bank Bazaar Personal Loan
      "GOOD PORTAL TO USE"
      0.5 4.0/5 "Great!"
      It is the first time experience with the Bankbazaar.com and i had a very good experience also i am using it through the mobile application as the application is user friendly and convenient to access. The customer service is very good and responsive. by explaining the details of the loan.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Mar 24, 2019
    • ICICI Bank Personal Loan
      "GOOD"
      0.5 5.0/5 "Blown Away!"
      I have been using the personal loan with the ICICI since from last few years the loan amount with them was good also the documentation process was simple and it was hassle free to use. The rate of interest with this nominal added on that the service is very good with this bank.
      Was this review helpful? 0
      , ghaziabad
      Reviewed on Mar 24, 2019
    • ICICI Bank Personal Loan
      "GOOD"
      0.5 5.0/5 "Blown Away!"
      I have taken the personal loan with the ICICI BANK the loan amount with this bank what they have offered was satisfactory. The rate of interest with this bank was nominal also i am using it since from last one year and it is good to use.
      Was this review helpful? 0
      , ghaziabad
      Reviewed on Mar 24, 2019
    • Bank Bazaar Personal Loan
      "ONE STOP SOLUTION"
      0.5 5.0/5 "Blown Away!"
      Bankbazaar.com i have been using it since from last few months and i have a very good experience i have been using it through the mobile application as the application is user friendly also it is convenient to access. The customer service is good and they are responsive.
      Was this review helpful? 0
      , ghaziabad
      Reviewed on Mar 24, 2019
    • IndusInd Bank Personal Loan
      "EXCELLENT"
      0.5 5.0/5 "Blown Away!"
      There is no particular reason for taking the personal loan with the INDUSIND BANK. The loan amount was good and the rate of interest was 10.5% which is nominal when compared to the others. The documentation process was easy and it is comfortable.
      Was this review helpful? 0
      , ghaziabad
      Reviewed on Mar 24, 2019
    • Bank Bazaar Personal Loan
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      I came to know about Bank bazaar through online only .The Bank bazaar is the only online website giving all details about the banking products .I have applied for Tata Capital Personal Loan and not yet faced any issues .The agent clearly explained the process and not yet faced any issues as of now.The Overall Service is Good.
      Was this review helpful? 0
      , ahmedabad
      Reviewed on Mar 24, 2019
    • Tata capital Personal Loan
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      I have applied for Tata capital Personal Loan. No clue on the rate of interest and charges levied by them,The agent clearly explained the process .I have not faced any issues till now .I have cancelled the plan of taking the personal loan since not require the personal loan .
      Was this review helpful? 0
      , ahmedabad
      Reviewed on Mar 24, 2019
    • Kotak Personal Loan
      "EXCELLENT"
      0.5 5.0/5 "Blown Away!"
      The reason for taking the personal loan with the KOTAK MAHINDRA BANK is i am an existing customer customer with this bank. The loan amount was good also the rate of interest was 11.5% with this loan and the duration is for 48months for repaying he loan.
      Was this review helpful? 0
      , bangalore
      Reviewed on Mar 24, 2019
    • Bank Bazaar Personal Loan
      "USER FRIENDLY PORTAL TO USE"
      0.5 5.0/5 "Blown Away!"
      It is the first time experience with the Bankbazaar.com and i had a very good experience with the Bankbazaar.com. I am using it through the mobile application as the application is user friendly and convenient to access. The customer service is very good.
      Was this review helpful? 0
      , bangalore
      Reviewed on Mar 24, 2019
    • Early Salary Personal Loan
      "GOOD"
      0.5 5.0/5 "Blown Away!"
      It is the best loan that i have taken with the EarlySalary when compared to the other so i have taken this loan. The documentation process was simple and and also i got a loan within a day after the documents. The loan amount was lesser with this loan as they have given also the rate of interest was lesser.
      Was this review helpful? 1
      , bangalore
      Reviewed on Mar 24, 2019
    • HDFC Bank Personal Loan
      "GOOD"
      0.5 4.0/5 "Great!"
      I have applied for the personal loan with the HDFC BANK and have been using it since from last few years and the documentation process was simple and it is easy procedure to get the loan. I got the loan within 10-15 days with this bank. The rate of interest was lesser with 11.5% with 4 years of duration.
      Was this review helpful? 1
      , bangalore
      Reviewed on Mar 24, 2019
    • Bank Bazaar Personal Loan
      "USER FRIENDLY PORTAL TO USE"
      0.5 5.0/5 "Blown Away!"
      Bankbazaar.com i am using it from last one year and i have a good experience and i am using it through the mobile application as well as the website both are easy and user friendly portal to access. The customer service is good and they are responsive.
      Was this review helpful? 0
      , bangalore
      Reviewed on Mar 24, 2019
    • Early Salary Personal Loan
      "GOOD"
      0.5 4.0/5 "Great!"
      The loan amount was lesser along with that it is with lesser duration which is comfortable so taken the personal loan with the EarlySalary. The documentation process was simple and the documents collected at the doorsteps. I got the loan within 8-10days with this loan also, the loan amount is good with 12-13% of rate of interest.
      Was this review helpful? 0
      , bangalore
      Reviewed on Mar 24, 2019
    • Axis Bank Personal Loan
      "GOOD"
      0.5 5.0/5 "Blown Away!"
      I have applied for the consumer durable loan with the AXIS BANK they have offered with the good loan amount also the documentation process was simple to get the loan. I have taken the MOBILE PHONE with this bank, the duration for repaying the loan is for 9 months.
      Was this review helpful? 0
      , ahmedabad
      Reviewed on Mar 24, 2019
    • Bank Bazaar Personal Loan
      "CONVENIENT PORTAL"
      0.5 4.0/5 "Great!"
      Bankbazaar.com this is the first time experience as i have been using it through the website the portal is convenient also it is user friendly to access.The customer service is good and also they are good by explaining the details of the loan.
      Was this review helpful? 0
      , ahmedabad
      Reviewed on Mar 24, 2019
    • Early Salary Personal Loan
      "AVERAGE"
      0.5 4.0/5 "Great!"
      The documentation process was good with the EarlySalary where i have applied for the personal loan. The loan amount was good also the processing fee was nominal. The rate of interest was higher with this loan when compared to the other loans.
      Was this review helpful? 0
      , ahmedabad
      Reviewed on Mar 24, 2019
    • Early Salary Personal Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I have applied for Personal Loan Early Salary. The agent clearly explained the process .The rate of interest was nominal and the processing fee was nominal. I have got loan amount on time .The loan amount was sufficient and not yet faced any difficulties.The Overall Service is Good and Satisfactory .
      Was this review helpful? 0
      , gurgaon
      Reviewed on Mar 24, 2019
    Common Loader Icon

    Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.

  • reTH65gcmBgCJ7k
    This Page is BLOCKED as it is using Iframes.