A sudden cash requirement can come up at any time. An average person may need a small amount of extra money to make an urgent investment, buy jewellery, or pay off a medical bill. Are you experiencing such a sudden cash crunch right now? Well, you need not ask your friends or take a loan from private financers for such small needs anymore. You can now get an easy advance salary loan instantly within 24 hours.
Yes, it is possible. An advance salary loan is a great option for young individuals who just need a little extra cash to cover some sudden expenses. Want to know how to get an advance salary loan online? Well, then you are at the right place, as we’ll discuss everything that you need to know about advance salary loans. So let’s get into it.
What is an Advance Salary Loan
An advance salary loan is a small loan offered for a short period, and the loan tenure is usually between 3-12 months. As the name suggests, it is more like getting your salary in advance to handle some small extra expenses. The loan will be divided into equal monthly instalments. Considering the value of the loan, the interest accrued on advance salary loans is also quite low and convenient for the borrower.
What are the Advantages of an Advance Salary Loan
There are several advantages of taking advance salary loans for small expenses. Let’s list a few for better understanding.
- You don’t have to take high-interest loans from private financers for your small expenses
- You don’t have to get embarrassed asking for money from friends or relatives
- An advance salary loan is a very convenient option to handle small expenses like buying household appliances, electronics, gifts, or paying off medical bills
- You can get the loan instantly within 24 hours
- You can get a higher loan amount based on your salary
- The interest rates on advance salary loans are very low
- Smaller loan tenure means quicker disbursal
- Easy and convenient repayment
What is the Eligibility Criteria
The basic eligibility criteria for advance salary loans are as follows:
- You must be a salaried individual with a minimum salary of 13,500 rupees.
- The salary must be regular credit to a recognized bank account
- You must have a valid PAN card and Aadhaar card
- You must be able to provide previous bank statements of up to 3 months.
And that would be it. Isn’t that really simple? All you need is a few basic documents, and you can get an advance salary loan in your account without leaving your house.
How to Get an Advance Salary Loan Online
As you can see there are several benefits of getting an advance salary loan. Especially for youngsters who may not qualify for a personal loan, an advance salary loan is the best option to cover up a sudden cash crunch. The best part about an advance salary loan is that you can easily apply for it online via reliable online lenders.
The process is simple, you need to register with an online lending portal that offers the fastest advance salary loans. Once the registration is complete, you can then request an advance salary loan, or check your eligibility online through a convenient eligibility calculator. If you are eligible, you can select your loan plan and upload all the required documents online. You will have to complete an online KYC verification.
Once your documents are submitted, you just need to wait patiently while the lender verifies your documents thoroughly. If the documents clear the verification, the money will be in your account within 24 hours of application.
What Do We Suggest?
In this article, several benefits of advance salary loans have been revealed for your convenience. However, the most important part is that you need to register with a reliable online lending company. You cannot just provide documents to any random online website. To ease your worries, based on our research we suggest that you apply for an advance salary personal loan only through Money View. Money View is a leading NBFC company with years of experience and trusted by 1 Cr+ users across India.
So you have nothing to worry about when you have a Money View loan. Just visit Money View Loans Website and get your advance salary loan via an entirely paperless process.