As soon as you see the salary notification, your face lights up instantly, doesn’t it? Then you spend the next few days treating yourself with everything fancy because you deserve it. And then in the middle of the month, you realize that you have spent a large part (read all of it) of your salary and still have a considerable amount of days left to go till salary day. Now you start saving money on every little thing (but it never helps). And towards the end of the month, you face a serious cash crunch. Does this sound like you? We have the perfect solution for you- get a small amount personal loan.
A small amount personal loan starts from as low as ₹15,000 and can be accessed very easily through online portals like IndiaLends.
The borrowing process for small amount personal loans is fairly simple. You just have to download the IndiaLends app, enter your basic details and select the amount and lender that you want. In just a few taps, you shall be approved and the amount shall be transferred to your account.
A few years ago, personal loans used to be notorious for their high-interest rates. Till date, there is a popular myth that personal loans are costly. But this is not true as of today. The interest rates on personal loans are as low as 10.75%.
Related Article: Personal Loan: Application Checklist
Small amount personal loans enable you to break down your month end expenses into smaller chunks that you can repay over a period of time. You can choose your payment tenure and mode of repayment in a manner that suits you best. This is one of the main reasons why small amount loans are becoming increasingly popular among people these days. They are highly convenient.
Another important point to note when it comes to small amount personal loans is that you can borrow money whenever an emergency strikes without worrying about providing collateral to the bank or financial institution. This means that you can borrow money without risking any of your assets.
So whenever you feel that you are “broke” and can not get through the remaining days until salary day, you know the perfect solution. If you have any questions about how to obtain these loans, we’d be happy to answer in the comments section below. Until next time!
Previous Article: What To Stay Prepared For When Relocating For A Job