1. Examine Your Financial Urgency 

You first step should be assessing your financial need. Give yourself a moment to understand the nature and requirement of the money.

Consider the following questions before applying for any emergency personal loan: 

• Is taking a loan necessary, or can the situation be delayed or postponed? 

• How much do I want, and can I repay it on time? 

• Do I need the entire amount, or can the situation be managed with a partial loan? 

Breaking down your situation based on these questions will help you gain an overview and make informed decision. 

2. Check Whether You’re Eligible for a Loan

While emergency personal loans are high in demand and relatively accessible, certain norms are considered to receive loans from lenders.

To determine how likely you are to avail an emergency personal loan, consider these aspects: 

• Credit score: Lenders prioritize applicants with a high credit score. If you have a good credit history, your chances of securing an instant personal loan with better terms and low interest rates are higher.  

• Income stability: A stable income is essential for loan approval. Lenders approve loan applications if the applicant have a stable income to ensure they can repay on time.  

• Debts: Debt is another term that plays an important role in personal loans. Lenders consider your existing debts and debt history. If you have debts exceeding the acceptable limit, it becomes more difficult for lenders to approve your loan. A high debt-to-income ratio is a red flag for approval.  

3. Explore Multiple Loan Options 

The loan structure of each lender varies. Go for loans with lower interest rates and practical repayment options to avoid any further financial burden.

Look at these terms to choose the suitable loan plan for you: 

• Interest rates 

• Processing fees 

• Repayment period 

• Transparent policies 

4. Keep Your Documents Ready! 

Getting a personal loan can be a lengthy process, but with right documents, you can get quick loan approval.

These documents typically involve: 

• Proof of identity 
• Proof of income 
• Proof of residence 
• Bank statements 
• Employment verification 

Paperwork can be a real hassle, but with Instalment Express, you can access quick loan approval effortlessly. We provide emergency personal loans with minimal documentation and easy application process. 

5. Apply for the Loan 

Apply for the loan once you are ready with a suitable loan plan and required documents. Submit the application to the lender, either online or in person. Be honest and accurate about your income, expenses and the purpose of the loan.

6. Online Loan Application 

In this digital world, everything is online and so can be your online loan application. Experience a seamless online loan application process with Instalment Express to get an instant personal loan. With our online application process, you can get quick approval, saving a lot of your time to get an immediate cash loan.   

7. Learn Loan Terms and Conditions

Carefully reviewing the terms and conditions of loan provider is equally important. Be aware of lender’s norms and conditions to avoid any confusion in the future.  

Pay attention to: 

• Interest rate
• Repayment schedule
• Late payment fines and penalties
• Additional charges