Hyderabad has a cosmopolitan crowd with an influx of multilingual professionals from all over the country. It has become a corporate hub especially for the IT and the ITES sectors. From food to languages to culture, Hyderabad is a city with diversity. With its style and high standard of living, it might be difficult to keep up with the city’s pace. If you have any financial emergencies or need funds to meet short term liquidity crunch, you can always apply for a personal loan in Hyderabad very easily.
What are instant cash loans in Hyderabad?
Instant cash personal loans in Hyderabad is a simple personal loan which provides access to money in your bank account instantly which can be utilized for multiple purposes. This loan can be used for medical expenses, family financial emergencies, vacations, marriages, etc. There is no limitation on the usage of the funds.
One of the simplest ways to get instant personal loans in Hyderabad is through the Navi App. You need to download the Navi app, check your eligibility instantly and avail a loan within minutes for your financial needs.
How to apply for personal loans in Hyderabad through Navi?
Navi (4.4-star rating in Google Play Store, December 2020), is a highly rated instant cash loan provider in Hyderabad with a simple application process. The digital eligibility check, KYC and loan disbursal happens very fast. All you need to do to avail instant cash personal loans in Hyderabad from Navi is to follow these steps:
- Download the Navi app from Google Play Store and simply register using your mobile number
- Click on the “Apply” tab to apply for an instant loan online in Hyderabad
- After that, you need to answer a few simple questions such as:
- Your full name as stated on your PAN card as well as your PAN card number
- Your age
- Your area PIN Code
- Your marital status
- Your employment details – Salaried/ Self-employed/ Others
- Your monthly income level
- After the online application form is submitted, it will undergo a digital process for eligibility check as per the technology-driven process of Navi
- Once your loan is approved by Navi’s digital process, you will be shown a loan offer that you can customise according to your requirement such as the loan amount, EMI amount as well as loan (period of the loan).
- Then you need to complete your KYC process by uploading a selfie and verifying your Aadhaar Number.
- Then you need to link your bank account details for the loan amount to be credited instantly
Features and benefits of availing personal loans in Hyderabad through Navi
Here is a comprehensive guide regarding the important features and benefits of availing private finance personal loans in Hyderabad:
There is no requirement for any third-party guarantee or pledge for any collateral security to avail a Hyderabad loan
The limit of the instant private finance loan in Hyderabad can be taken upto Rs lakhs through Navi with a repayment tenure upto 36 months.
There is no requirement for any documentation to be uploaded if you apply for immediate cash loans in Hyderabad through Navi.
The online loan EMI calculators will show the net EMI amount payable every month. You can easily change the loan amount and the tenure to assess the best affordable EMI rate as per your disposable income.
Eligibility criteria for personal loans in Hyderabad
Usually, there is an eligibility requirement that you need to fulfill for availing instant cash loan in Hyderabad from a private loan provider. However, since Navi follows a technology-driven model, there are no specific criteria for availing Navi’s instant cash personal loans. It simply checks the details you have entered and based on its technology-driven criteria, it approves the loan.
You need to fulfill certain nominal parameters in order to get access to instant personal loans from a private financer in Hyderabad such as:
The minimum and the maximum age limits to apply for a personal loan in Hyderabad are 18 years and 65 years respectively. For some financers, the minimum age limit can be raised to 21-25 years
You should either be a salaried employee or a self-employed individual to avail the loan facility
Depending on the specifications by the lender, you should be earning the necessary amount to avail the loan facility in Hyderabad. The income levels vary for money lenders in Hyderabad without security personal loan apply
The minimum credit score usually should be 650+
Documents required for personal loans in Hyderabad
Most lenders in Hyderabad have a list of documents that need to be submitted in order to avail an instant cash personal loan. However, if you apply through the Navi App, you can avail an instant cash personal loan without any documents. Only your Aadhaar Number and PAN Card number needs to be mentioned without having to upload any documents.
However, most private financiers would need a list of certain documents such as:
- Identity proof
- Income proof
- Age proof
- Address proof
- Bank statements
- Recent coloured photographs
Apply for a loan from Navi app from anywhere in India
There is no specific need for you to be in Hyderabad to apply for an instant cash personal loan. It can be done from anywhere in India. You can simply download the Navi App and apply online. The loan would be digitally processed by Navi’s technology-based app and the loan would be credited into your bank account in Hyderabad. This can however be done from anywhere in India.
So, if you require the best instant cash personal loans in Hyderabad, you can get the best deals in Navi. Simply download the Navi app and access the instant loan in Hyderabad to fulfill your financial requirements.
Frequently Asked Questions
The loan repayment tenure differs from lender to lender. Yet, generally, the span is from 1 year to 5 years. However, in Navi, you can avail an instant cash personal loan in Hyderabad upto 36 months.
The personal loans are multi-purpose loans and can be used for a variety of purposes including academic or otherwise. At Navi, there is no requirement for any documentation and hence even salary slips would not be needed.
The loan is repaid through EMI from your linked bank account. You need to repay the relevant instalment each month for a definite span of upto 36 months with Navi.