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Home / Finance / Personal Loan / How to Get a Loan in One Day?
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How to Get a Loan in One Day?

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0 2024-09-23T22:48:05+00:00
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Getting a personal loan in one day is possible through various lenders, especially those offering digital, paperless processes. When I was looking for a personal loan for an emergency, I checked how to get a loan in one day. I applied for a loan from 2 to 3 banks along with a NoBroker and received the funds in a day from NB Instacash.

How can I Get a Loan in One Day?

Several fintech companies and banks, such as HDFC Bank, ICICI Bank, SBI YONO, KreditBee, and PaySense, offer quick disbursal loans within 24 hours. Instant loan apps or online platforms like NB Instacash can be particularly helpful to you for fast approvals.

Here are key steps to ensure you a quick approval and disbursal:

  • Ensure that you meet the eligibility criteria for quick loans. This typically includes having a good credit score (above 750), a stable income source, and no major outstanding debts. Higher credit scores improve chances of approval.

  • Most lenders require basic documentation for a quick loan. These include identity proof, address proof, income proof and KYC verification

  • Choose lenders that offer paperless e-KYC, which speeds up the process.

  • Use online loan applications to reduce processing time. Most banks and NBFCs allow you to apply for personal loans through their websites or mobile apps.

  • Some even offer pre-approved loans to existing customers, allowing disbursal within minutes.

I got my loan from NoBroker by following the below process:

  • I first clicked on the

    NoBroker Personal Loan

    link.

  • I then clicked on “Withdraw Now.”

  • I then filled out all the required details.

  • Finally, after verification, I got the loan to my account within 24 hours.

I hope this resolved your query on how to get loan in one day.

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How to Get a Personal Loan Quickly?

 

 

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Akanksha MBA finance

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