Multiple banks. Different interest rates. Call it a "conflict of interest".
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    Same Day Loans

    We found 32 Same Day Loans

    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    10.99% - 15.99% Fixed
    1% to 2.5%
    30L Max
    1-5 Years
    Response Time Within 30 minutes
    Rs.1000 Amazon voucher free Ad
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    Perks
    Fees & Charges
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    Eligibility Criteria
    Customer Reviews
    10.99% - 14.49% Fixed
    0
    30L Max
    1-5 years
    Response Time Within 30 minutes
    Rs.1000 Amazon voucher free Ad
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    12% - 18% Fixed
    Up to 1.5% One time fee
    15L Max
    1-5 years
    Response Time Within 30 minutes
    Rs.1000 Amazon voucher free Ad INSTANT DECISION
    What you'll love
    Documents
    Perks
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    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    11.99% - 19.50% Fixed
    0 One time fee
    20L Max
    1-6 Years
    Response Time Within 30 minutes
    Rs.1000 Amazon voucher free Paperless approval option available
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    13.99% - 16.99% Fixed
    1% - 2% One time fee
    20L Max
    1-5 years
    Response Time Within 30 minutes
    Rs.1000 Amazon voucher free Paperless Approval Option Available
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    11.59% - 18.49% Fixed
    2.25% (min. ₹1149) One time fee
    20L Max
    1-5 Years
    Response Time Within 30 minutes
    Rs.1000 Amazon voucher free Paperless approval option available
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    10.85% - 11.85% Floating
    0.5% One time fee
    50 K - 10 L
    1-5 Years
    Response Time Within 30 minutes
    Guarantor Required Paperless approval option available
    What you'll love
    Documents
    Perks
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    Fees & Charges
    Good to Know
    Eligibility Criteria
    10.99% - 19.8% Fixed
    Up to 2.5% One time fee
    25L Max
    1-5 years
    Response Time Within 30 minutes
    Rs.1000 Amazon voucher free Paperless approval option available
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    11.99% - 19% Fixed
    Up to ₹3000 One time fee
    25L Max
    1-5 years
    Response Time Within 30 minutes
    Rs.1000 Amazon voucher free Paperless approval option available
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    17.25% - 37% Fixed
    1.5% to 6.0% One time fee
    15L Max
    1-4 Years
    Response Time Within 30 minutes
    Rs.1000 Amazon voucher free Paperless approval option available
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    11.49% - 20.15% Fixed
    Up to 2%
    15L Max
    1-5 years
    Response Time Within 30 minutes
    Rs.1000 Amazon voucher free
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    11.5% - 13.25% Fixed
    0 One time fee
    30L Max
    1-5 Years
    Response Time Within 30 minutes
    Rs.1000 Amazon voucher free
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria

    Same Day Loans is Rated as "Great!" by 73978 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    Personal Loan BYTES FROM OUR KITCHEN

    What is a Same Day Loan?

    A same day loan is a short term personal loan that helps you access funds instantly in the same day of your application. It is an Unsecured Loan and offers you small amounts. Same day loans are very essential in situations when you need cash instantly. Given that life is full of uncertainties and you don’t know when you will need immediate cash to fulfill urgent requirements, same day loans can be your real savior. A regular personal loan normally takes longer time to get approved. So, it is not possible for you to wait for such funding during emergency situations. That’s why many borrowers prefer to opt for same day loans when it comes to emergency. Even a customer having a bad credit history can also apply for this loan and receive cash. Normally, there is no credit check applicable for this loan. However, it depends on your lender. Certain lenders may be interested in checking your past credit history. There is a very thin difference between same day cash loans and payday loans. Payday loans are also short term personal loans and can be received in a single day. With instant approval and immediate cash in your account, same day loans can help you solve all your financial problems.

    Perfect Personal Loan Deals for you

    However, before applying for a same day loan, you need to be familiar with the concept of a loan and how it works. A loan refers to a sum of money that you borrow from a particular lender or bank and return the same to you lender within a predetermined time decided by the lender. A loan has a principal and interest component. While repaying your loan, you not only repay the principal amount, you also pay off the interest amount. There are different types of loans available in the Indian financial market which include personal loan, car loan, mortgage loan, home loan etc. Same day loan is kind of personal loan which you can take for funding your diversified personal needs such as car repairing, paying medical bills etc. Same day loans are sanctioned for a relatively short period of time and they charge comparatively higher rates of interest.

    A same day loan is ideal for those individuals who–

    • Don’t want to borrow money from family or friends.
    • Have a bad credit history which prevents him from taking regular personal loans.
    • Those who are in need instant cash.
    • Those who don’t want to use a credit card cash advance.

    Same day loan eligibility

    You need to fulfill the following eligibility conditions if you want to apply for a same day payday loan:

    • Unemployed individuals can also apply for a same day loan.
    • You need to have a steady income to qualify for a same day loan.
    • You need to have an operative savings account.
    • Your minimum age needs to be 18 years.
    • A valid phone number or an Email ID is a must.
    • You must be a resident of the country where you have applied for the loan.

    Documents required for Same Day Loan

    Normally, banks ask for very minimum documents to process and approve your same day loan application. Also, it depends on your relationship with the bank. Mentioned below is a number of documents you need to submit when applying for a same day loan:

    • Your proof of identity. You can submit documents like voter card, driving license, PAN card, passport, employee ID card etc. as proof of your identity.
    • You also need to submit proof of your address. Banks normally accept ration card, Aadhaar card, telephone bill, faceelectricity bill, voter card and driving license as address proof.
    • Proof of income issued by your employer.
    • Any alternate documents required by your lender.

    Same Day Loans for Unemployed

    Unemployed individuals can also apply for same day loans to cover their urgent financial requirements. Any unemployed person who is not earning currently and in need of some urgent cash can seek financial assistance to resolve his/her unpredictable financial requirements. Many banks offer different deals on Personal Loans to help unemployed individuals. Thus, a same day payday loan can reduce the financial worries experienced by unemployed individuals during emergency situations. Being unsecured in nature, same day loans are offered to unemployed individuals for a short period of time.

    Same Day Loans with no Credit Check

    Same day loans offered for a short period of time normally do not require a credit check. Instead of looking at your past credit history, banks mainly focus on your ability to repay the amount. A same day no credit check loan is a perfect option to borrow cash as and when you need to make up your financial shortage.

    Same Day Loan for Bad Credit

    With a same day loan, you don’t have to worry about your past credit history. Even if you have a bad credit history, bank will not reject your same day cash loan application. Although it is important to maintain a good credit history, a low credit history will not affect your loan application. An individual may have a bad or low credit when she/he fails to make timely payment of debts. Normally, your credit score reveals what type of credit history you carry with you. If it is a bad credit, lenders are not willing to lend you fearing that you will not be able to repay the amount in future. But, if it is a same day loan, it does not matter whether you have good or bad credit history, or no credit history at all. You are still eligible to apply for a same day loan and enjoy the benefits offered by it.

    Same Day Loan interest rates

    Same day loans normally charge higher rates of interest on your borrowings. That’s why it is always advisable to pay off your loan on time, so that you can avoid paying extra interest on your principal amount. Make sure you understand your loan repayment schedule. Don’t take a same day loan if you think that you will not be able to pay it back on a predetermined date scheduled by your lender. If you fail to make agreed-upon payments, you will be charged additional fees. However, interest rates on same day loans may vary based on different banks. Also, it is subject to change from time to time. Normally, you need to repay after two weeks along with the interest on your principal amount. These loans tend to be more expensive than the regular loans. Same day loan is a kind of personal loan, and Personal Loan Interest rates in India range from 12% to nearly 20%.

    Features and benefits of Same Day Loan

    • Same day loans are available without any credit check.
    • You can access funds in the same day you applied for it. You can apply for a same day loan even if you have a bad credit history.
    • Same day loans involve less paperwork and minimum documentation.
    • Interest charged on same day loans tends to be higher than regular cash loans.
    • It is an unsecured personal loan.
    • Same day loans help you meet your emergency financial requirements.
    • Enjoy instant approval on your loan application. Banks take as low as 10 minutes to approve your loan application.
    • Same day loans are suitable for borrowing small amounts.
    • Same day loans normally don't require collateral. But, in certain cases your lender may ask for securities such as jewelry, gold, watches, cars etc.
    • It’s safe and secure and maintain complete transparency.
    • You can apply for it online.
    • Both existing and non-existing customers can apply for same day loans with any bank.
    • These are short term loans and last for a few weeks unless you repay the amount.

    Same day loan process

    Applying for a same day loan is very simple. You can get your loan sanctioned by submitting very nominal documents. The application process is very fast. You can apply for it online or via phone. If you are applying online, what you have to do first is to put your personal information such as name, email id and phone number in the online application form. Immediately after submission of your personal details and contact information, you will receive approval in 1 hour. After that, your will receive your fund on your checking account within 24 hours. Now, you can utilize that fund for any purposes you have. However, how much amount you are eligible to receive will be determined by your bank based on a combination of its policies, local regulations, your income and capacity for repayment. Thus, applying for a same day loan is very easy provided you have a valid employment id, checking account and you are capable of repay the amount on a predetermined date.

    Banks offering Same Day Loans in India

    Same day loans are offered in India by banks like HDFC. HDFC Bank, being the second largest private sector bank in India, captures 50% of the personal loan market by pushing personal loans in a massive and innovative way. Recently, the bank launched a new personal loan product to help customers get personal loans approved in 10 seconds. The bank has received an overwhelming response to this new same day personal loan product and disbursed personal loans of an average size of Rs. 3 lakh in a minute. Currently, this 10 second personal loans are available for salaried employees only. Also, they need to be existing customers of HDFC Bank. It becomes easy for the bank to pass a loan in 10 seconds for existing customers as the bank already has a record of these customers’ transaction history, income and expenditure. Citibank of India also offers instant personal loans. But, it takes normally 48 hours to approve and make the fund available to customers. You can avail funds up to Rs.30 lakh in just 48 hours with Citibank.

    With a same day loan, you can now face any unpredictable situations in life. It enables you to raise fund instantly with no hassle and very minimal paperwork.

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  • Same Day Loans Reviews

    • HDFC Bank Personal Loan
      "Need to improve in services"
      0.5 1.0/5 "Really Bad"
      My personal loan is from HDFC Bank and the services has not been up to the mark. They need to know how to handle a customer and how to communicate as well. The team has to be more professional. The interest rate and charges is not a concern but the services is not satisfactory.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 25, 2017
    • Bank Bazaar Customer Support
      "One stop solution for the financial products"
      0.5 4.0/5 "Great!"
      If any body is in need of any kind of financial products, they can go visit the bankbazaar web site, which really helps the customer to get the financial products with the best rates in the market. The web portal with bankbazaar is easy to understand and very easy to use and customer friendly portal, because it has designed in a simple way. Overall I am happy with the bankbazaar.com service.
      Was this review helpful? 0
      , new delhi
      Reviewed on May 25, 2017
    • Fullerton Personal Loan
      "Good and excellent"
      0.5 3.0/5 "Satisfactory"
      I haven't received any kind of status updation about my personal loan application. They have made a call and explained me about the product, after that they have not informed that why my loan got canceled. I would suggest Fullerton can work customer centric in future. Overall I can say I am satisfied with the service.
      Was this review helpful? 0
      , new delhi
      Reviewed on May 25, 2017
    • Karur Vysya Bank Personal Loan
      "The best service"
      0.5 5.0/5 "Blown Away!"
      Karur Vysya Bank offered me the personal loan. The documentation part was very simple, they asked me the documents which was easy to produce. I submitted form16, last six month bank statement and salary certificate along with the signature of my institute. Hardly they had taken four days, they delivered such a fast service. I felt easy to go with Karur Vysya Bank. They are good enough.
      Was this review helpful? 0
      , erode
      Reviewed on May 25, 2017
    • Bank Bazaar Customer Support
      "Good Service"
      0.5 4.0/5 "Great!"
      When I visited bankbazaar website I found easy to apply for the loan over there. The moment I submitted my loan application, I received calls from them and they were good in providing proper response for my loan application. I had no issues with bankbazaar as I received regular calls from them.
      Was this review helpful? 0
      , erode
      Reviewed on May 25, 2017
    • ICICI Bank Personal Loan
      "Not Satisfied"
      0.5 1.0/5 "Really Bad"
      I preferred ICICI bank for the personal loan. But the bank demanded me to provide salary payslip which I could not produce so I had to close the loan application with ICICI bank. But I got the loan from Karur Vysya bank. ICICI should have been provided alternate options for the documents.
      Was this review helpful? 0
      , erode
      Reviewed on May 25, 2017
    • HDFC Bank Personal Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      HDFC Bank personal loan is fine, There is no drawback till now. There is no issues or challenges with them as such. They dint ask for too many documents for loan processing.The loan amount I have opted for 98 thousand and the rate of interest is 12.15% processing fee and charges 2400.
      Was this review helpful? 0
      , pune
      Reviewed on May 25, 2017
    • Bank Bazaar Customer Support
      "Good Service"
      0.5 4.0/5 "Great!"
      The services at Bankbazaar has been excellent, a quick process and the website is very helpful. There were no hassles in getting information about the banks and the offers and it was overall a very good experience. The follow up calls are satisfactory too
      Was this review helpful? 0
      , pune
      Reviewed on May 25, 2017
    • Fullerton Personal Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      I did get a proper response from Fullerton after me applying for a personal loan They were on time to contact me and give me details. I did not wish to go ahead for the loan as the rate of interest and processing charges was very high from them but no other option I had taken with them with 22% Rate of Interest.
      Was this review helpful? 0
      , pune
      Reviewed on May 25, 2017
    • Bank Bazaar Customer Support
      "Very good in services"
      0.5 5.0/5 "Blown Away!"
      Bankbazaar surely needs a five stars as they were excellent in the process. The response was very much immediate and I am happy that with just a click away I was able to get connected to the banks and also get details of the same in one single page.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 25, 2017
    • Standard Chartered Bank Personal Loan
      "Nice experience"
      0.5 4.0/5 "Great!"
      Standard Chartered bank was good and on time to give me details on the personal loan. I also like the turn around time. It was a nice experience. I could not go ahead because of the changes in my personal requirement. The overall experience was good and the deal was decent on the interest rate.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 25, 2017
    • Bank Bazaar Customer Support
      "Fair enough"
      0.5 4.0/5 "Great!"
      I am aware about bankbazaar.com through promotional mails. I use bankbazaar web portal which is easy to use and user friendly. The mobile application with bankbazaar.com is working very well, therefore it is convenient for one to apply for any product. Overall I am satisfied with bank bazaar service.
      Was this review helpful? 0
      , chennai
      Reviewed on May 25, 2017
    • HDFC Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      The service was not bad with HDFC on my personal loan. They gave prompt response on my personal loan application. The interest rate was on the higher side. They took around 1 week to disburse my personal loan.I can say the whole Loan process just took a week time. Overall I am satisfied with the HDFC service.
      Was this review helpful? 0
      , chennai
      Reviewed on May 25, 2017
    • Bank Bazaar Customer Support
      "Good financial advisor"
      0.5 5.0/5 "Blown Away!"
      Every service of Bank Bazaar is good, they completely taking initiative on the customer's request. The website and the mobile application is convenient to check all the financial products and its very useful to check the credit score without any hassles.
      Was this review helpful? 0
      , aurangabad
      Reviewed on May 25, 2017
    • ICICI Bank Personal Loan
      "Its Average"
      0.5 1.0/5 "Really Bad"
      I have submitted all the documents to the bank, but process was not completed. I was staying in malkapur location it was not there in their system. Hence they have rejected the application and they didn't give any other option to take personal loan.
      Was this review helpful? 0
      , aurangabad
      Reviewed on May 25, 2017
    • Bank Bazaar Customer Support
      "Easiest web portal"
      0.5 3.0/5 "Satisfactory"
      Bankbazaar website is good and it is quite easy to navigate. It is like having all things in one basket so it was very easy to check all the banks and its interest rate and other charges. Also easy to apply for the loan on bankbazaar web portal.
      Was this review helpful? 0
      , mumbai
      Reviewed on May 25, 2017
    • Tata capital Personal Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      Actually I had not submitted the required documents to Tata capital to avail the personal loan, therefore my loan application was closed. Other than that Tata capital was quite good in providing response. I do not recall anything about the rate of interest.
      Was this review helpful? 0
      , mumbai
      Reviewed on May 25, 2017
    • HDFC Bank Personal Loan
      "Nice experience"
      0.5 4.0/5 "Great!"
      I had taken my personal loan from HDFC Bank and they followed up well on my application. When I was busy and have asked them to call me back, they would willing do so at the time I asked them too. The offer on the interest rate and charges was also good.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 25, 2017
    • Bank Bazaar Customer Support
      "Good services"
      0.5 4.0/5 "Great!"
      I am happy with Bankbazaar as they were very much responsive to my application. They were often contacting me and checked if my application with the bank is on track. The website is good and I appreciate the follow up calls which was done on a regular basis.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 25, 2017
    • Bank Bazaar Customer Support
      "Supportive Service"
      0.5 4.0/5 "Great!"
      Bankbazaar services are quite good and approachable. They immediately contacted me on my loan application. I got a suggestions on the bank according to my loan requirement and my application had been assigned to the bank without any delay. I got regular followups and updates from Bankbazaar.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 25, 2017
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