Get ₹1 Lakh Instant Personal Loan Even with Low CIBIL
Do you have a low credit score? Are you hopeless because your loan applications are constantly getting rejected by banks or NBFCs? If yes, don’t worry, SalaryOnTime is here to help.
SalaryOnTime is an RBI-registered NBFC in India, providing ₹1 Lakh Instant Personal Loan in just 10 minutes. We cater to a wide range of financial needs by providing a variety of personal loans, such as Short-term loans, Long-term loans, personal loans for emergencies, personal loans for travel, personal loans for low salaries, and many more. However, what makes us unique is we offer fair chances to even those who have low CIBIL.
Low or poor CIBIL is generally considered a red flag, reducing your chances of obtaining a loan, whether secured or unsecured. However, we consider a range of factors, and not just your credit history to evaluate your eligibility, enabling you to get an instant personal loan even with a low CIBIL. Let’s scroll down to learn more about how to apply for a personal loan, what are the types of loans we provide, and what documents we ask for while applying.
What Loan Options Does SalaryOnTime Offer?
We understand that the purposes of securing a loan may significantly vary from person to person. Some may intend to secure a loan for a medical emergency, others may want it for travel, buying something, wedding shopping, etc. You know how vast our requirements could be.
Keeping that in mind, we provide a wide range of personal loans to cater to various needs. Our ₹1 Lakh Instant Personal Loan includes the following loan products that best suit your requirements. Let’s scroll down and check them out one by one.
- Personal Loan for Medical Emergency
- Personal Loan for Shopping/Wedding Shopping
- Personal Loan for Maternity
- Personal Loan for Hobbies
- Personal Loan for Special Occasions
- Personal Loan for Gifting
- Personal Loan for Buying Opportunity
- Personal Loan for Investment Opportunity
- Personal Loan for Low Salary
- Personal Loan for Education
- Personal Loan for Two-Wheeler
- Personal Loan for Travel
What Documents are Required to Apply for a ₹1 Lakh Loan in 10 Minutes?
We claim to disburse the loan amount directly to your bank account in just 10 minutes provided you have all the necessary documents handy while applying for the ₹1 Lakh Loan in 10 Minutes. In case, you fail to provide the required documents, we can’t help much.
Secondly, we expect our borrowers to have basic documents like PAN, Aadhar, Salary Slips, etc., which are quite easy to arrange. So, make sure to keep the documents handy to enjoy a swift and hassle-free loan disbursement. Let’s scroll down and check out what documents are required:
1. Identity Proof
Identity proof authenticates your identity and confirms your legal status. Acceptable documents include:
- Aadhaar Card: A government-issued unique identification number that includes biometric data.
- Voter ID: An identification card issued to citizens eligible to vote in elections.
- Passport: A government-issued document for international travel that also serves as identity proof.
- Driver’s License: A valid driving license can also be used as identity proof.
2. Address Proof
Address proof establishes your residence and is crucial for communication purposes. Acceptable documents include:
- Utility Bills: Recent electricity, water, or gas bills with your name and address.
- Aadhaar Card: It can also serve as address proof if it contains your current address.
- Rental Agreement: A registered lease agreement if you are renting your accommodation.
- Bank Statement: A bank statement showing your name and address, typically from the last three months.
3. Income Proof
Income proof helps us evaluate your repayment capacity. Depending on your employment status, acceptable documents include:
- Salaried Individuals: Salary slips for the last three months.
- Bank statements showing salary credits for the last three months.
4. PAN/Aadhar Card and a Selfie
You need an Aadhar card to complete your eKYC. Without it, we can’t process your case. Additionally, we also ask for a selfie from our borrowers.
What are the Eligibility Criteria for a ₹1 Lakh Loan in 10 Minutes?
In order to get a loan, whether secured or unsecured, you must meet the eligibility criteria set by the lender. While eligibility criteria may vary depending on the lender, SalaryOnTime claims to have set very easy acceptance standards that help people secure the ₹1 Lakh Loan in 10 Minutes comfortably. Let’s scroll down below to learn more about our eligibility criteria in detail.
- The borrower must be an Indian citizen. Non-Indian citizens will not be considered.
- The borrower must be within the age range of 21 to 50 years.
- The borrower must be a salaried professional with a minimum of ₹30,000 in-hand salary. Any self-employed individual shall not be considered.
- The borrower should receive the salary in his/her bank account. Salary in cash/cheque will not be considered.
- The borrower must reside in a location where we provide our loan services.
Note: We don’t provide loans to government employees.
How to Apply for a Personal Loan Online from SalaryOnTime?
As claimed, we provide effortless and innovative loan solutions through a paperless journey, eliminating the hassle of comprehensive paperwork. With just a few phone taps, you can apply for the ₹1 lakh loan in 10 minutes right from the comfort of your living room. Let’s check out the easy steps through which you can apply for a personal loan from SalaryOnTime:
- Visit our website or download the official SalaryOnTime app from the App/Play Store. Next, register your mobile number as a new user by entering the OTP.
- The next step is to fill out the application form by entering your personal, residential, employment, and income details. Make sure that all information you have entered is accurate.
- Further, upload the required documents, such as identity proof, address proof, and income proof.
- After you submit your loan application, our team carefully reviews your eligibility by evaluating every detail. If you fit our eligibility criteria, your loan is instantly approved and the amount is disbursed directly into your bank account.
FAQs
1. Is it possible to get a ₹1 lakh loan in 10 minutes?
With SalaryOnTime, you can get personal loans effortlessly if you are eligible and complete your application journey with proper documentation.
2. What are the eligibility criteria for a ₹1 lakh loan in 10 minutes?
The eligibility criteria include the following pointers:
- First of all, you must be an Indian citizen.
- Secondly, you must be a salaried employee.
- Lastly, your in-hand salary must be at least ₹30,000 INR.