Small cash loans are very much available for borrowers with valid identity documents such as Adhar cards and PAN cards. Those not in need of long-term loans can opt for small cash loans considering paperless documentation and shorter tenure for repayment. With the launch of the Aadhar card, loan approval time has been reduced drastically. E-KYC verification of Aadhar cards simplifies the process and approves on time.
With small cash loans, borrowers can ask for ease of repayment and convenient personal availability via Aadhar card, it is a basis of the mandatory document when small cash loan becomes a priority during a financial emergency.
The financial companies and non-banking financial firms (NBFCs) have introduced beneficial small cash loans on Aadhar cards for the following purposes:
1.Working Capital Loan to support daily operational expenses and working capital requirements. You can calculate a working capital requirement by subtracting current assets and current liabilities.
2.Same Day Funding is an unsecured personal loan that is approved the very same day of submitting a loan application. The process is mainly online with paperless documentation that makes speedy loan sanction and disbursal. Getting funds, on the very same day can help in clearing urgent debts or making prompt purchases.
3.Urgent Travel: If there is a need for booking an urgent travel, small cash loans can assist in time. It may be for attending an urgent work meeting, attending a wedding, or seeing an ailing patient, travel needs can be covered via small cash loans.
4.Medical Emergency: This is an unavoidable circumstance wherein medical help is required but the shortage of funds is making the situation difficult to handle. That’s when small cash loans can help to support the health emergency situation and manage medical bills, hospital bills, etc.
5.Bad Credit Loan offers financial help to merchants with low or zero credit scores. These are only approved at the cost of collateral or security against the loan acquired.
Download the SimplyCash instant loan app through Google Play Store to get an instant cash flow of up to 1.5 lakh at the tip of your finger. SimplyCash follows an easy process of loan application and disbursal:
1.Register your mobile number linked to your Aadhar card or enter your email ID to receive an OTP number for verification.
2.Enter your Aadhar card number or smart card driving license
3.Select the loan amount and tenure through the loan EMI calculator
4.Fill in your personal, financial, and occupational details through digitized KYC documents, verified in real-time
5.Out of the listed banks, select your bank and enter the account details in which you want the loan amount to get disbursed.
Aadhar card forms the basis of small cash loan approval. Small cash loans from 10,000 to 1 lakh can be easily approved via instant loan apps based on an Aadhar card. These are personal loans that are quickly approved even if the applicant has applied for the first time. It Is hassle-free and approved without any collateral. Prefer small cash loans for risk-free credit, whenever you have an urgent financial need.