Looking for a short term cash loan of up to Rs. 10000?

100% Online application with minimal documentation

No physical documentation

Minimum salary required Rs. 12,000

Disbursal within a few minutes to a few hours

Flexible tenure

No prepayment charges

Download Android App
instamoney

Frequently Asked Questions

InstaMoney is an instant short term cash loan product for salaried individuals, looking for very short duration loans to fulfill their need of shopping, consumer durable purchase, down payment for bike which they want to repay within 30-90 days. The loan amount that we’ll be offering under this product category is between Rs. 5000 & Rs. 10000 for a tenure of 1 to 3 months.

Our charges are completely transparent. Following are the charges charged to a borrower.

Registration Fee: Borrowers are charged a non-refundable fee of only Rs. 199/- for credit verification. This fee is charged by credit institutions.

Processing Fee + GST: Processing fee is charged on the loan amount taken by the borrower. This is deducted from the disbursement amount. Please follow the below table:

Loan AmountProcessing Fee
Rs. 5000Rs. 200/-
Rs. 6000 – Rs. 7000Rs. 300/-
Rs. 8000 – Rs. 10000Rs. 400/-

Our team will inform you over SMS or Email about your loan status. If you don’t hear from us within 24 hours, please write to instamoney@lendenclub.com, and one of our representatives will get back to you.

Usually approvals are give within 24 hours if we receive your complete application.

If your loan request is rejected, you can try again after 6 months.

The following charges are applicable if a borrower delays their EMI:

  • If the Borrower has delayed his repayment by a week (7 days from EMI date), he will be charged Rs. 250
  • If the Borrower has delayed his repayment by 2 weeks (14 days from EMI date), he will be charged Rs. 500
  • If the Borrower has delayed his repayment by 3 weeks (21 days from EMI date), he will be charged Rs. 750
  • If the Borrower has delayed his repayment by 4 weeks, he will be charged Rs. 1,000
  • For delays of an EMI beyond a month, the Borrower will be charged an additional 2% penal interest rate; on the overdue amount

If your loan is disbursed by 15th of the month, your Repayment date will be 1st of next month. If your loan is disbursed after 15th of the month, your repayment date will be 1st of next to next month.

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