The need for money may arise at any point of time. And if the situation is an emergency then if you are not able to arrange the money then the situation would worsen. And another problem is that if you go for a conventional bank in such a situation then it would take a lot of time. This again is not a very good thing. So what you need would be a means to get money instantly through minimal paper works.
Who offers such loans?
The common misconception is that banks do not offer any kind of instant cash loans. But this is not true. There are many schemes through which the loan can be acquired from bank through very little paper works. And there are many advantages to borrowing from a bank. The most important one is that the interest rates would be low when compared to other financial institutions. But while borrowing from a bank, you will have to provide some sort of assets as collaterals. If you have fixed deposits in the same bank then this is the most effective collateral and in suchcontinue reading →