A credit is a specific amount of
money offered to borrowers by lenders or money lending companies on the
particular condition that you reimburse that borrowed amount in installments
with interest rate.
Instant loans are basically the
type of loan amount approved very fast or instantly, without the requirement
for collateral, guarantors, security or too much documentation. If you want to
know "How to Get Instant Loan" you
should go through any reliable financial institution in order to get entire
details related to instant loans. After getting acknowledged with speedy
credit, you can easily apply for the same.
Eligibility
requirements for prompt credit-
While the money lending companies
or banks do not put much stock by your previous loan history, they just need
you to fulfil certain eligibility conditions before they approve your loan
application. Here is the list of some basic eligibility criteria which should
be followed by the applying candidates in order to get credit amount easily.
●
The applicant must be at least 18
years or above at the time of applying for the credit.
●
He or she must be salaried or
self-employed.
●
He must maintain net monthly
salary or business profit of around 20,000-30,000.
●
The applicant must have a savings
bank account and also have all the required documents.
Documents
required for speedy credits-
If you are applying for prompt
credits, banks and money lending companies do not care about your past and
current credit history, but they only want you to submit all the necessary
documents required for the loan and also verify the entire details provide in
your application. The documents you lodge will require being official and
verified documents must be attested with the seal sign of a government body.
●
Identity proof with photograph
It could be a passport, PAN card,
ID card, voter's card and driver's license etc.
●
Passport size photograph with a stamp
Keep around 5 passport size
photographs with you, as the money lending companies will probably require few
photographs from them.
●
Address proof
Address proof can include-
telephone bill, electricity bill, rental agreement, house deed, driver's
license, certified letter from the employer and ration card etc.
●
Age proof
You can show your birth
certificate, PAN card, driver's license, passport etc
●
Current employment
You should provide documents to
verify that you work at the particular place you claim for. It can be your job
offer letter, old salary slip etc.
●
Financial statements
Last 3 months of bank statements
in order to check that you can pay back the credit amount. For non- salaried
individuals or self-employed individuals, Interest tax returns and complete
audited financial statements are required.
●
Employment proof
It could be business card or
employee ID.
Speedy loans come handy when we
look forward to buying something really expensive like- television and laptops
etc. It is basically a type of easy
loans for which you can apply anytime by fulfilling eligibility criteria
and submitting all the necessary documents.
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