By: Ankita Pednekar0 comments

Want to get rid of the long documentation procedure to avail a loan? Do these long procedures suck all your time? If your answer is Yes to this, suggest you read the complete article and gain knowledge on how with minimal documentation you can get easy & simple instant loans. 

You can apply for an instant loan with InstaMoney, a leading Instant Personal Loan App used by 2.5+ Million users in India. While applying with this platform, you only need 4 documents as mentioned below – 

  • Selfie
  • PAN card
  • Aadhaar Card/Address ID proof
  • Bank statement

The documentation process is 100% online with no physical documents, no hassles. InstaMoney offers a completely online application process from filling an application to receiving cash in your bank a/c. 

And while applying for a loan, you need to follow the eligibility criteria which is mentioned below – 

  • Salaried Individuals
  • Indian citizen
  • Between the age of 21 – 45 years
  • Minimum take-home salary per month ₹ 12,000
  • Full salary amount must be received in the bank account

InstaMoney has over ₹ 1 Billion (₹ 100 Crores) disbursed in loan amounts already disbursed. The largest number of personal loans given by any P2P lending platform in India. You can get instant cash loans for various purposes such as medical emergency, credit card payment, debt consolidation, education, advance salary etc. Also, the approved loan amount can be used to shop online on Amazon, Flipkart, BigBasket or book your tickets on Yatra, MakeMyTrip or any other platform of your choice. 

The best benefit is the loan disbursement time which varies between 10 minutes to 2 hours. Moreover, you can apply for a personal loan through the app and payback through the app. The loan amount offered under the category ranges between Rs. 5,000 and Rs. 10,000 and is applicable for people without any default/write-off in the past. Since InstaMoney does not require any credit history, it is a more accessible route for an instant personal loan than banks. With over 2.5+ million users, InstaMoney is one of the best instant personal loan mobile applications available on Google Play.

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