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Flagship Smartphones, High-End Laptops, and More: With Instant Cash Loans Apps


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The digital era arrived quite a while ago, with laptops and smartphones already have become an indispensable part of our lives. In fact, most people now prefer high-end products with durability and state-of-the-art features, instead of simply wanting the most economical ones - and understandably so. However, with inflation, little potential for savings, and just the overall millennial lifestyle, pulling through an entire month with our salary seems challenging, let alone saving up for an Apple Macbook or the latest Samsung Galaxy S10 (or a OnePlus 7, if you’re in that camp). Luckily, we have the concept of instant cash loans to see us through rainy days. A traditional loan itself may take intense paperwork followed by months of scrutinisation before actually approving the loan. Instant cash loan apps have created a win-win situation where the applicant can borrow money with approval within a very short span of time.

What are instant cash loan apps?

Instant cash loan apps are the answer to quick cash requirements that seem to arise fairly often these days. With a hassle-free and completely digital sign-up procedure, instant cash loan apps have struck a chord with millennials. Whether its electronics, clothes or even a mini-vacation you need, instant cash loans generally serve all of them, sicne they’re designed keeping the young working population in mind - with their busy lifestyles and regular cash crunch. Everything right from loan request, to document verification to loan approval is execute online.

Does this beat the credit card?

People usually rely on credit cards when it comes to substantial purchases, because credit cards are often an instant fix to your cash related problems, and loans have always had a lot of paperwork associated with them. Not to mention the decent CIBIL score you are required to keep to keep the rate of interest on the lower side. Cash loans, on the other hand, are a much safer option. There are no exorbitant interest rates, and loans are approved quickly. There is a minimal processing fee, and the interest rate depends on a combination of your CIBIL score and social worth score.

How to apply for an instant cash loan?

To apply for a cash loan, you first need to be eligible for a cash loan, have a PAN card or an Aadhar card, and you need have an income of at least 20,000 INR per month. Once you know that you are eligible, you can proceed with your loan application. All you need to do is sign up and upload your verification ID, your salary slips (for at least the last three months) and a copy of the last page of your passbook. Once you have requested a loan, it needs to be approved. This usually happens under 24 hours, and in some cases, the approval may come as quickly as 10 minutes. You can now use the loan to buy the smartphone or laptop of your choice. With most instant loan apps, you can customise the period of payback; it can be anywhere between 3 months to a year with a minimal interest rate. Thus, you can spread out your expenses and buy high-end products without breaking your bank account.

With the increasing popularity and ease of these apps, the number of credit providers is increasing, with several competing options one can choose from. The result? Innovation and competition to make lives better for you - the customer. Apps like EarlySalary are tackling the credit gap amongst millenials head-on with their personal and instant cash loan apps. Their salary advances also help students pull through months where there might be a shortage of money. Thanks to instant cash loan apps, millennials no longer need to put a hold on their desires, and get their hands on their favorite iPads, Microsoft Surfaces, or Samsung flagships far sooner than they’d have thought!

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