Benefits of Applying for Immediate Cash Loans

  • Updated on: 10 Apr 2023
  • Published on: 20 Feb 2018
Benefits of Applying for Immediate Cash Loans

Life is always unpredictable. Imagine your salary is due in 5 days and you need cash urgently for the unexpected car repair. In such unforeseen cases, Cash loans can be at perfect solution in such times of need.

Immediate cash loans have revolutionised the way a loan process is carried out. It has come up with benefits that the traditional loan processing system doesn’t offer. The system is designed to reduce the unnecessary overheads for the borrowers and make good use of the existing technology.

Disadvantages of the Conventional Loan Processing System

· Time-consuming Process

The process is completely offline. People have to wait the long queues to submit their applications. Again, it takes a great deal of time for the approval and sanction of the loan.

· Heavy Paperwork

It is a tedious and daunting task to handle all the documents concerned with a large number of individuals at the same time.

· High-Interest Rates

The sum of money borrowed for a longer period of time is subject to high-interest rates.

· Repayment Overheads

A borrower has to make periodic payments to the bank depending upon the amount of loan taken. What if you can’t make timely payments in a particular month? A late payment can affect your credit score. Eventually, it is difficult to acquire a loan in the future.

· Financial Decisions at Stake

If you manage to get a loan with variable interest rates, it is subject to change based on market fluctuations. So, the exact amount to be paid cannot be determined which will eventually affect your ability to make sound financial decisions.

Benefits of Quick Cash Loans

Cash loans are processed immediately with the benefits of low-interest rates and availing the loan for a short duration.period of time.

  • Time-saving process

Being an online process, you can fill up the application online. The entire process hardly takes a day or two including the loan approval and funding. You will see the cash credited to your bank account within no time.

  • Flexibility

It gives you enough flexibility to use your money the way you want to, without giving explanations to anyone.

  • Devoid of Paperwork

You can’t risk losing your important documents because of manhandling, can you? The best part of instant loans is you don’t need any paperwork.

  • Low-Interest Rates

It involves less interest rate. Hence it is quite feasible to repay the loan within a short period.

  • Secured and Transparent Process

Your personal information is safeguarded. The terms and conditions are clearly stated so that you determine the authenticity of the process by yourself.

  • Advanced process

Best data-driven algorithms are employed for the verification process to eliminate fraud and improve the efficiency of the process.

Why should you consider Fibe for accessing Instant Loans?

Fibe (formerly known as EarlySalary) understands your requirement for urgent cash. The entire process of granting quick cash is simpler, easier and more flexible. The application is driven by the best data analytics algorithm to assess the credibility of individuals, thus, aiding in improving credit scores. Moreover, the security of transactions is guaranteed. And the application is user-friendly enough to be used by a layman.


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