Get ₹15,000 Loan in 10 Minutes to Cover Urgent Expenses on Time
How long does it take to secure a personal loan of 15,000? All it takes is just 10 minutes. Would you believe it? With SalaryOnTime, a prominent NBFC in India, get ₹15,000 Loan in 10 Minutes with the least amount of paperwork and zero collateral.
When life tests you with financial challenges, a lump sum of 15,000 may help you bring your life back on track. It may seem a nominal amount but it can be of utmost importance in times of emergency. Apart from emergencies, you can use this substantial loan amount to fulfil personal goals, priorities, or essentials.
If you’re also seeking urgent financial assistance, we’re here to help. Let’s dive deeper to learn more about how to apply for an instant personal loan from SalaryOnTime, what documents are required and what eligibility requirements you must fulfil.
What is an Instant Personal Loan
Instant Personal Loan is a type of unsecured loan typically provided by banks, non-banking financial companies (NBFCs), online lending platforms, etc. Unlike secured loans, the approval and disbursal processes are usually faster, usually within a few hours or a day, allowing borrowers to access funds quickly.
Another key point is you need not pledge any of your assets, such as a car, house, gold, property, etc as collateral to secure a personal loan. Since no collateral is required, you can effortlessly apply for a personal loan within minutes with minimum documents and easy eligibility criteria to meet.
Secured Loans V/S Unsecured Loans
Tabular representation demonstrating a clear difference between Secured and Unsecured Loans.
Feature | Secured Loans | Unsecured Loans |
---|---|---|
Collateral Required | Yes, the borrower must provide an asset, such as a house, car, gold, etc as collateral. | No collateral is required. |
Risk for Lender | Lower risk as compared to unsecured loans, as the lender can seize the collateral if the borrower fails to repay the loan. | Higher risk as compared to secured loans, as there’s no collateral to claim for lenders. |
Loan Amount | Generally higher loan amounts. | Typically lower loan amounts. |
Interest Rate | Lower interest rates due to reduced risk. | Higher interest rates due to higher risk. |
Approval Time | May take longer to approve due to collateral verification. | A faster approval process as no collateral is involved. |
Default Consequences | The lender can take possession of the collateral in case the borrower defaults. | This may result in damage to your credit score. Also, the collection team may frequently visit you for repayment. But, no collateral loss. |
Types of Loans | Home Loan, Vehicle Loan, LAP (Loan Against Property) | Personal loans, credit cards, student loans, etc. |
Eligibility | Requires good credit score and assets. | Can be availed of with a wide range of credit scores, such as good, fair, low, etc. |
Repayment Terms | Flexible repayment terms, often longer. | Typically shorter repayment terms. |
SalaryOnTime is a leading non-banking financial company (NBFC) in India known to provide personal loans at a lightning-fast speed. ₹15,000 Loan in 10 Minutes is our highly acclaimed loan product which is availed of widely.
Top Reasons to Get Your ₹15,000 Loan from SalaryOnTime
At times of emergency, having funds on time could be a game changer. Keeping that in mind, we have entirely streamlined our loan procedure, allowing you to access funds in just 10 minutes. Due to our 10-minute disbursal feature, we are lauded nationwide. However, not just the ‘10-minute disbursal feature’ but a wide variety of features make us stand out in the NBFC market. Let’s learn about them in detail.
- Lightning-Fast Disbursal – Get the ₹15,000 Loan in 10 Minutes credited to your bank account directly.
- 100% Digital & Paperless Process – No long queues, no exhaustive paperwork, just a few clicks and the funds are yours.
- No Collateral Required – Get the ₹15,000 Loan in 10 Minutes without risking any of your assets.
- Minimal Documentation – Just basic KYC and a handful of regular documents are required.
- Flexible Repayment Options – Choose a loan tenure that best suits your financial comfort.
- Available Even for Low CIBIL Score – Get financial assistance even with an ordinary credit history.
- Safe & Secure Transactions – Your data is encrypted for a risk-free experience.
What are the eligibility criteria for a ₹15,000 loan in 10 minutes?
To secure a ₹15,000 loan in 10 minutes, you must qualify the following criteria:
- The borrower must be an Indian resident. Any non-resident shall not be entertained.
- The borrower must be between 21-50 years of age.
- The borrower must be a salaried employee with at least 30,000 in-hand salary. Any self-employed shall not be entertained.
- The borrower must be receiving the salary in his/her bank account. Salary in cash/cheque shall not be entertained.
- The borrower must come (reside) from the city where we are actively functional.
Note: We don’t provide loans to government employees.
FAQs
Is it possible to get a ₹15,000 loan in 10 minutes?
Yes! Salaried employees with a minimum in-hand salary of 30,000 and having basic documents, such as PAN, Aadhar, Bank Statement & Salary Slip of the last 90 days qualify to avail of innovative and effective loan solutions.
What documents are required to apply for a ₹15,000 loan in 10 minutes?
SalaryOnTime asks borrowers to upload basic documents, such as PAN, Aadhar, Bank Statement & Salary Slips of the last 90 days while applying for the ₹15,000 loan in 10 minutes.
How can I apply for a ₹15,000 loan in 10 minutes?
Follow the steps below to 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.