How to Get an Instant Cash Loan in 1 Hour Without Paperwork?


Sometimes, we find ourselves in financial urgency. As a result, we need instant cash to meet some financial obligations. Due to the financial urgency, we may not have time to visit a physical bank and stand in queues to get a cash loan. Also, we may not have many days to wait for the loan approval due to financial urgency. In such a situation, we need a lender that can offer an instant cash loan in 1 hour. It is highly recommended to compare the offerings from different lenders before choosing one. Read on to know how to get an instant cash loan without any paperwork in India.

Understanding the concept of instant cash loans

Instant cash loans are collateral-free loans that can help meet a financial urgency. Once the instant cash loan is approved, the debtor can use it for any purpose. Similar to other loans, one has to repay the instant cash loan in the pre-defined tenure. If the debtor fails to repay the instant cash loan within the given time, late/interest charges can be applied by the lender. One can get a small instant cash loan of INR 10,000 or a big one of INR 5 lakhs loan if needed. As its name implies, an instant cash loan is offered in quick succession to help the applicant meet any urgent financial obligation.

Since the lender does not ask for security/collateral for giving an instant cash loan, there are associated credit risks. The lender judges the repayment capacity to eradicate credit risks associated with the applicant. If the applicant has a good repayment capacity, an instant cash loan is approved quickly. Another characteristic of an instant cash loan via a digital platform is less paperwork. An instant cash loan will be approved by submitting a few applications/documents online.

Steps to acquire an instant cash loan with no paperwork

The process of acquiring an instant cash loan will depend on the lender. The generic process to get an instant cash loan in India is as follows:

• First of all, one needs to choose a digital lending platform to acquire an instant loan. Physical banks usually do not offer cash loans without any paperwork. Also, it may take several days to get a cash loan from a physical bank. However, one can easily apply for an instant cash loan via a digital lender’s website or mobile application.

• Submit the cash loan application online to the lender. Make sure you fill out all the information in the cash loan application to boost your chances of approval.

• Once the cash loan application is approved, the applicant must go through the KYC verification. After KYC verification, the lender will tell you the maximum cash loan amount. The total cash loan amount is decided by the lender after judging your credit score and repayment capacity.

• Select the cash loan amount and repayment tenure online. Once everything is in order, the cash loan amount will hit your bank account. All the above processes can be completed digitally for an instant cash loan.

Know the eligibility rules for an instant cash loan in India

Applicants have to meet the eligibility criteria for getting an instant cash loan in India. The eligibility criteria for instant cash loans can be different for each lender. The general eligibility rules for instant cash loans in India are as follows:

• Digital lenders usually offer instant cash loans to people aged between 21 and 55 years.

• Most digital lenders have minimum salary criteria for offering instant cash loans. The minimum salary criteria for metro cities in India is around INR 18,000 per month. For non-metro locations, the minimum salary requirement is around INR 15,000 per month.

• The applicant must be an Indian resident to acquire an instant cash loan. Also, one must have a dedicated bank account in India to receive the instant cash loan amount.


Applicants having a good credit score and repayment capacity can get an instant cash loan in 1 hour. To get a cash loan quickly, one should fill out the instant loan application accurately. A reliable digital lending platform will quickly disburse the cash loan amount to your bank account. So apply for an instant loan online right away!

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