The number of women owned-businesses is on a continuous rise in recent years; thanks to economic development and focus on the upliftment of women and women power. Many banks in the country have launched initiatives for woman entrepreneurs with special interest rates and schemes have been devised for hassle free loan issuance to them.
Having said that, availing the loan from a traditional bank can be a tiresome process, sometimes the process takes a lot of time for approvals and hence it doesn’t meet the requirement of the hour. In such cases, women can turn to online/ digital platforms for immediate cash – these could be Non banking finance companies or fintech firms which offer instant loans
This International Women’s Day, Kommune Brand Communications Pvt Limited gives following suggestions for women entrepreneurs, professionals and homemakers who are looking out for a simple, quick, hassle free option of getting instant cash loans.
A Pune-based Fintech startup, EarlySalary has introduced India’s first Mobile App for Instant Cash. The mobile app offers bridge loans to help young salaried profeby Kssionals to tip over the month end. EarlySalary.com aims at addressing this need with short-term personal loans from Rs. 10,000/- up to Rs. 1,00,000/- for tenure of 7 to 30 days. The app is currently available on Google Play Store for android smartphone users and will soon be available on iOS store.EarlySalary mobile app is an easy solution for ones woes for last minute cash requirement. It allows users to get instant cash into their bank account.
Home Credit India
Targeted at customers who require a small loan to fulfil an urgent need or buy a product that has been on their shopping list, the Mini Cash Loan by Home Credit India, one of India’s fastest growing non-banking financial company (NBFC) (Non Banking Finance Company) enables eligible applicants to borrow any amount ranging from Rs. 1,000 to Rs. 10,000. In just a few steps, a customer can avail an instant cash loan without speaking to a loan advisor or visiting a branch and no physical signatures. The loan is disbursed directly into a customer’s account within a day through RTGS and NEFT electronic payment systems. The only document that a customer requires while applying for this loan is an Aadhaar car
CASHe is an app- only based available at Google Play Store and Apple store which provides hassle-free loans between Rs. 5,000 to Rs. 1 Lakh, with its app enabled documentation and loan disbursal/repayment process. CASHe quickly determines a user’s credit worthiness by using multiple unique data points to arrive at a distinct credit profile of the customer. The average time taken for a loan to be disbursed is about less than 10 minutes. After you download the app on your mobile phone, you need to register through your social profiles on Facebook, Google+, or LinkedIn, fill your application form which requires four basic documents, pick your loan amount depending on your eligibility, and receive the amount in your bank account .
MoneyTap is India’s first credit line app, offered in partnership with leading banks. It offers money on demand with zero collateral for full-time salaried professionals (salary >₹20k per month) and self-employed professionals. A customer can get instant approval of upto Rs. 5,00,000 and can chose an EMI between 2 months- 3 years. To apply for your credit limit, a customer needs to furnish 4 documents for instant eligibility- Pan Card, Aadhar card, email id and bank account statements. No physical visits are required. You can manage fund transfers, loan repayments and credits with this easy-to-use smartphone app
The ZestMoney platform enables instant account opening and real time credit approval, combined with seamless digital loan servicing and repayments technology. It partners with e-commerce companies, to enable financing at the checkout, enabling EMI without credit card. ZestMoney customers are empowered to afford the things they need and spread the cost over up to 36 months. It is the fastest way to pay using EMI even if you don’t have a credit card. Using its completely online process you can pay for your entire cart amount in EMIs of your choice. It has one of the highest approval rates and zero pre-closure charges. To use ZestMoney use must be above 18 years of age and need to provide Aadhar card & Pan number, regular payment history( in case of an existing loan) and verifiable income & savings.