No Collateral Required
11% R.O.I
No Income Proof
Instant Loan is a type of unsecured loan that is given by Banks and NBFCs to eligible borrowers at different rates of interest. It requires minimal documentation and the documentation can be completed online.
Get instant loan from My Mudra through the Digital Process. The Instant Loan interest rate starts from 11% P.A. Borrower needs to upload Aadhar Card, PAN Card, Bank Statement, and other required documents online on the portal. Instant loan approval will be sent to your email within hours and the loan shall be disbursed in no time.
The Eligibility Criteria for Instant Loan are mentioned below:
1. Citizenship: Indian
2. Age: 21 years-55 years
3. CIBIL Requirement: 700 or higher
4. CIBIL Inquiry: Maximum 2 in a Month
Documents Required for Instant Loan
1. Aadhar Card
2. PAN Card
3. Bank Statement
| Banks and NBFCs | Interest Rate |
| IDFC First Bank | 14.99% p.a. |
| Bajaj Finserv | 13% p.a |
| HDFC Loan | 11% p.a. |
| Tata Capital | 10.99% p.a. |
