A instant loan is a short-term unsecured loan with same day approval and disbursement. The easier availability of the quick personal loans and less documentation makes it more popular than others.

Some salient features of a quick personal loan are:

1. The Same day loan disbursement: you will receive the loan amount on the same day as you ma an application.
2. Online application: Online application facility saves time and efforts and makes same day approval possible.
3. You can use funds for any purpose: you can use the funds from loan for any purpose of your choice.
4. No collateral needed: you need not pledge any collateral against the loan and hence need not to worry about its arrangement at the time of emergency.
   The personal loan eligibility calculator considers you eligible if you fulfil these conditions:

1. You are 18 years or older.
2. You have full-time employment.
3. Your salary should be a minimum of Rs. 15,000 per month.
4. You are getting your salary through electronic deposit into your bank account.
5. You must provide a copy of Aadhaar Card, Address Proof, a bank statement of six months, ID Proof, ITR of last year, PAN Card and salary slips of last six months.A quick personal loan is an instant solution to all your urgent financial needs.

Additional Read: Reasons Why People Should Apply for A Personal Loan