Installment loan in India from Loan Granted helps you handle any emergency situation easily. An installment loan is a financial product, where a set amount of money is borrowed all at one time; repaid in the form of a fixed number of payments called installments. The installment loan is usually a type of unbound and unsecured loan which requires regular monthly payments and doesn’t require a single lump-sum payment that many borrowers cannot afford. Installment loans spread out the cost over a long period of time, making them a more affordable alternative to many borrowers.
Loan Granted is a loan offering from Vivifi India Finance Private Limited, a non-banking finance company (NBFC) registered with the Reserve Bank of India (RBI). It offers India’s quickest online installment loans with disbursal in just 24 hours and a loan up to INR 5 lakh by not compromising on any guarantees. It can be processed further with certain eligibility criteria and submission of basic documents. Therefore, the regular payment amount, typically due monthly, stays the same throughout the loan term, making it easy for the borrower to budget in advance to make the required payments.
Loan Granted is offering personal loans, which is same as installment loans, making it more appealing with its advantages mentioned below:
Loan Granted provides installment loan for salaried professionals. No compelling reasons to check on the installment loan eligibility. Listed below are the documents required to get installment loan approval online.
Loan Granted shall check the individual’s eligibility for an installment loan through CIBIL report - that incorporates all the past running loans, payment track record on loans and credit cards. So, the CIBIL score is the most significant factor that defines the eligibility to get an installment loan. A higher credit score builds higher chances for loan/credit application to get approved. Nonetheless, a very low CIBIL score will diminish your eligibility to get an installment loan.
An installment loan is one of the most traditional loan products offered by lenders, which are often lower risk loans than loans without installment payments.
Listed below are the documents required to get Installment loans approved online at Loan Granted:
Avail installment loans worth INR 4,000 to INR 5,00,000 with Loan Granted.
The tenure of a Loan Granted installment loan is up to 3 years.
A step-by-step procedure to get an installment loan in a day:
Installment loans are the easiest option to get emergency funds quickly, and the cost of repayment is spread out over a number of months, so repayment is affordable. Applying at Loan Granted serves you with a quick and hassle-free process to achieve instant installment loans, in addition to low-interest rates and other additional benefits that help in meeting all the financial obligations and commitments with ease. Many borrowers find it quicker and easier to get an installment loan online than in person at a traditional bank or credit union.