Last month I met my college friend Satish who was in need of immediate cash for his father’s treatment. He was under the impression that a formal loan application will take about 3-4 days to get approved. As Satish didn’t have much time, he found one money lender who gave him the cash needed. Immediately after receiving the money, he told me about the money lender on a phone call. I told him to return the money back to the money lender. Satish hesitated but when I explained him the perils of vicious interest cycle that these informal lenders are infamous of creating, he obliged to my call. Further, I told him about those financial institutions where he can get a loan in one day and service the debt at better interest rates. He applied, received the loan in one day and got his father treated.
It’s actually a pre-approved personal loan based on your financials. The loan eligibility will, however, depend on your income, repayment capability and the overall financial standings.
You can either call the 24×7 customer care executive on any of the following numbers – 1800 22 4060, 1800 22 1006 or 1800 425 4332 to know whether you are eligible for a pre-approved loan or not. Even a net banking login and a visit to the bank branch can also let you know your eligibility. Once found eligible, you can apply either online or offline to get a loan in one day.
How Can You Get a Loan in One Day at ICICI Bank?
In the table above, you clearly saw an instant loan offering of as much as ₹15 lakhs from ICICI Bank ATMs. You can check the pre-qualified loan based on pre-checked scores. The process entails the following steps.
Visit the nearest ICICI Bank ATM
Select the pre-approved loan offer
A specific loan amount will be flashed on the screen based on your eligibility
Accept the auto populated interest rate, processing fee and Equated Monthly Installment (EMI) amount
Read the terms & conditions carefully before confirming them
Enter the debit card PIN
The money will then get transferred to your account instantly
You can even use the iMobile APP, the bank’s mobile banking application, to get the money transferred to your account. Other options include visiting the bank’s official website and nearest branches to get the loan transferred instantly to your account.
How to Avail a 1-day Loan at Bajaj Finserv?
Go online to check the pre-approved loan offer at Bajaj Finserv. All you need there is to enter your mobile number, personal e-mail ID and loan amount required before clicking on ‘Submit’ button. Subsequently, you will get to see the amount you are eligible to receive. You can thus apply for the loan online.
You can get a loan instantly against the credit card limit you may have. There are banks that tap into the need for such a loan offer. These banks include HDFC Bank, ICICI Bank, Axis Bank, etc.
The easiest types of loans to get approved for don't require a credit check and include payday loans, car title loans and pawnshop loans — but they're also highly predatory due to outrageously high interest rates and fees.
Getting approved for a personal loan depends on several factors, such as the lender's requirements, your credit score, and the application process. In some cases, you might be approved the same day you apply; in others, it could take as long as a week.
HDFC Bank offers pre-approved loans to customers in 10 seconds flat*. Non – HDFC Bank customers can get loans in 4 hours. If you've wondered how to get an instant loan, wonder no more.
ii) Call money and notice money are important instruments of money market. iii) If the lending/borrowing is for only one day it is called call money. iv) If the lending /borrowing is for 2-14 days it is called notice money.
Personal loan from an online lender. Compared to traditional lenders like banks or credit unions, online lenders boast convenience and speed given their fully online application and funding process. ...
You can get a $500 loan via a personal loan, payday loan, payday alternative loan, cash advance app, or credit card cash advance. However, some options are better than others. Some small loans come with high costs that can cause financial hardship.
The Loan approval process at ICICI Bank is simple, quick and instant. Once a customer's Personal Loan is approved, it takes only 3 seconds for the amount to be disbursed into your Account.
Hardship personal loans are a type of personal loan that is designed to help you overcome financial difficulties. This type of loan is generally offered by small banks and credit unions, and has lower interest rates, lower maximum loan amounts, and shorter repayment periods than standard personal loans.
Introduction: My name is Merrill Bechtelar CPA, I am a clean, agreeable, glorious, magnificent, witty, enchanting, comfortable person who loves writing and wants to share my knowledge and understanding with you.
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