The atmosphere these days is not as we all expected. With Covid-19 the economy has turned upside down due to which many of us are facing job losses and salary cuts. Not only this, some are being sent on a non-paid leave, which is affecting their entire month budget. Though COVID is the cause, our expenses do not stop. We still need money for other multiple things right from daily bread-butter expenses to medical emergencies.
Though we might have some savings but we never know when we land up to medical emergencies especially during such uncontrollable virus spread. We need an emergency fund and what else can be better than applying for a salary loan. Let’s understand a few reasons how a salary loan can assist you in times of financial crunch.
- Consider as a Source of Income
Salary loan is nothing but a loan against your monthly salary. In spite of the employer providing you the salary, we will be granting you a salary loan of your considered amount so that during difficult times you have money to carry out your expenses or any kind of emergencies. Consider it as an income and not as a loan, since it will be very helpful during such hard times to take care of your expenses.
- Fast Approval
With the help of digital automation, our loan approval process is much faster compared to any traditional bank processes. Since we are continuously improving we tend to provide instant loans in your bank account.
- Easy Processing
The user friendly and technology enabled platform ensures that getting your loan approval is extremely simple and you can do that in a few easy steps. Also, you do not need to submit any supporting documentation in physical form. All the loan documents are also collected online.
- Flexible Interest Rates
Gone are the days where rigid interest rates were the consideration. On our platform, interest rates are linked to the borrower’s credit score calculated through our internal credit rating process. Our internal credit rating system calculates your interest rate according to your credit worthiness. A better LenDen score ensures a lesser rate of interest for you. You can check the eligibility – Click here.
- No Prepayment Charges
No additional charges if you want to close your loan earlier. We provide the flexibility of prepayment to the borrowers.
Apply for an Instant Advance Salary loan and make your worries fade away, you can borrow any amount between Rs. 25,000/- to Rs. 5,00,000/-. Click here now to avail the advance salary loan.
If you intend to have an instant advance salary loan of anywhere between Rs. 5000 to Rs. 10,000, then you can apply it through our InstaMoney loan app.