2. Same Day Loan: The same day loan gets disbursed the same day of the loan application/approval. Sometimes, the funds get disbursed within as less as 2 hours, and you may not even have to wait for 2 Hours. Remember that if you apply for the loan outside the banking hours, the amount will be credited the next day.
If you are an existing customer at Loanbaba, you can get this small cash loan faster. This is because we maintain a record of submitted documents. So you do not have to resubmit any document, apart from the latest bank statement and salary proof.
Fast Cash Loan: A small cash loan has another version, fast cash loan which are known for a speedy disbursal process in just a few hours
3. This loan product is ideal for those who are in immediate need of cash. From filling the loan application form, uploading required documents, getting approval on the loan, and the funds, everything happens at a fast pace.
It takes only 2 minutes to apply for the loan online. If all the documents, proofs are in place, and you are eligible for the loan, the funds are provided without delays.
4. Emergency Loan: You may have a financial plan for a month, with funds allocated for regular expenses and liabilities. But what if you encounter a financial contingency and have the insufficient bank balance to handle this requirement? In such emergencies, you can opt for a small cash loan or an emergency loan and find a quick solution to monetary woes.
An emergency situation can be of any kind, such as hospitalization, car repair, unplanned travel, etc. Since an emergency loan is multi-purpose, you can use the funds to take care of any urgency, no questions asked!
5. Quick Loan: Loanbaba disburses a quick loan in just a few hours. It is a type of a small cash loan, which acts as a ‘quick’ fix to financial problems. The quick loan process is because of minimal documentation, easy eligibility criteria, and availability of loan application feature online on our website and app.
There is no waiting period involved to get the funds, unlike traditional loans, which consume at least 2 to 3 days for approval and disbursal. Once quick loans are approved, the funds are electronically transferred to your bank account in a jiffy.
NOTE: All these Loans are the same product, with the Loan amount being less than Rs. 1 Lakh & tenure being less than 1 year and are disbursed within a Day.
Currently, only Salaried Individuals are eligible for the loan. Your Salary should be via A/c Transfer or Cheque. Cash Salary is not acceptable. Repayment is via the EMI method of monthly installment. The loan amount borrowed (between Rs. 10,000 and Rs. 50,000), will depend on many factors such as your income, repayment capacity, credit history, etc. The Processing Fee will be mentioned in a loan agreement. A small cash loan is currently available in all the major cities, including Mumbai, Pune, Delhi, Gurgaon, Noida, Bangalore, Chennai, Hyderabad, Kolkata, Jaipur, Indore. Repayment can be done via NEFT or post-dated cheques (as per the repayment cycle), submitted to Loanbaba. All necessary checks and documents are mandatory. Like other loan applications online, you will require KYC verification, income proof, employment proof, identity proof, etc.
Why Choose Loanbaba to Avail a Small Cash Loan?
Usually, you ily member or a friend to lend cash when in dire financial situations. However, our product Small Cash Loan is available on the fingertips, and you do not have to get into the hassles of opting for soft loans or depending on peers for any monetary assistance. With us, there is complete transparency, no hidden charges, and an assured loan within a few hours if you meet the loan eligibility criteria.