Personal Loan - Apply for Instant Personal Loans Online up to Rs.40 Lakh | HDFC Bank (2024)

FAQs

Which bank gives instant loans? ›

Get a personal loan in quick time

Get funds in 10 seconds if you are a pre-approved HDFC Bank customer. Other customers can get a loan within 4 working days subject to documentation and verification as per bank's requirement.

The easiest banks to get a personal loan from are USAA and Wells Fargo. USAA does not disclose a minimum credit score requirement, but their website indicates they consider people with scores below 640, so even people with bad credit may be able to qualify.

The easiest loans to get approved are loans that don't require a credit check such as payday loans, pawnshop loans, car title loans, and personal loans with no credit check. These types of loans offer quick funding and have minimal requirements, so they're easy to get even for people with bad credit.

Through the LazyPay app, you can get instant loans in a few simple steps. Applicants need to pay interest only on the amount of loan availed. Repayment options are flexible as well.

Lightstream: Borrow up to $100,000 same day with lowest rate guarantee and long repayment period. But you'll need good to excellent credit to qualify and they don't offer preapproval. SoFi: Great customer service. Borrow $5,000 to $100,000 with payoff of 2 to 7 years and receive funds as fast as the same day.

HDFC Bank offers pre-approved loans to customers in 10 seconds flat*. Non – HDFC Bank customers can get loans in 4 hours. If you've wondered how to get an instant loan, wonder no more.

Payment history is weighed the most heavily in determining your credit score, along with your total outstanding debt. Generally, borrowers need a credit score of at least 610 to 640 to even qualify for a personal loan.

How do you get approved for a personal loan? ›

Personal loan qualification requirements

Your credit score, income and debt are usually evaluated by personal loan lenders to see if you qualify. Some lenders may also consider your work history or education. Credit score and report: Your credit score is the main factor lenders use to determine your creditworthiness.

Quick personal loans can take a couple of days from approval to funding, and they're usually offered by online lenders. A fast personal loan is one way to cover a car repair or medical bill, but it's best to compare other fast-cash options to find the most affordable one.

Top Legit Online Loan Apps in the Philippines

Cashwagon: Known for its quick cash loans, Cashwagon offers a simple and fast loan application process with no collateral needed. Pesoloan: This app offers quick and easy cash loans with a simple application process, making it a popular choice among Filipinos.

You can obtain an instant loan after providing the necessary information or after electronically filling out the form. Loan approval is subject to the terms and conditions established by the bank.

To get a quick loan under $1,000, you can search for an online lender whose eligibility criteria you can meet and apply online. Once approved, you can get your money within a few days. Some lenders offer same-day funding when you are approved.

Underwriting generally takes from a few days to a week, depending on the lender. In some cases, it can be done on the same day you apply. Disbursement of funds: Once the loan terms are agreed upon, the loan funds are disbursed to the borrower, usually as a direct deposit or written as a check.