Loans - Apply for Instant Loans Online | HDFC Bank (2024)

FAQs

Which bank gives a loan easily? ›

HDFC Bank offers pre-approved loans to customers in 10 seconds flat*. Non – HDFC Bank customers can get loans in 4 hours. If you've wondered how to get an instant loan, wonder no more.

The best online personal loan providers are LightStream, SoFi, PenFed, Discover, Upstart, U.S. Bank and Upgrade. Technology has automated the online personal loan application process – meaning in many cases, you can be approved and funded within the same business day.

Banks, credit unions and online lenders offer online personal loans.

If you need cash quickly, an instant personal loan is often a good option, since these loans generally have lower interest rates than alternative sources. However, if you don't want to use an instant personal loan or can't qualify, you can consider some other financing options. They include: Cash-advance apps.

To get a quick loan under 1,000, you can search for an online lender whose eligibility criteria you can meet and apply online. Once approved, you can get your money within a few days. Some lenders offer same-day funding when you are approved.

Getting a personal loan with a co-signer that has a strong credit score and a solid income can boost your application. Your co-signer – ideally, a family member or close friend – will apply alongside you, and you'll both be responsible for repayment of the loan.

What is a hardship loan? ›

Hardship personal loans are a type of personal loan intended to help borrowers overcome financial difficulties such as job loss, medical emergencies, or home repairs. Hardship personal loan programs are often offered by small banks and credit unions.

Personal loans with essentially no approval requirements typically charge the highest interest rates and loan fees, although they may deliver funds fast. Some of the easiest loans to get approved for if you have bad credit include payday loans, no-credit-check loans, and pawnshop loans.

You can obtain an instant loan after providing the necessary information or after electronically filling out the form. Loan approval is subject to the terms and conditions established by the bank. How to take a loan from a bank? Simply go to the branch with required documents and avail a loan.

Instant loans are a type of same-day loan. The online application and approval process is designed to be quick. Lenders use technology to help them make lending decisions in minutes. Once approved for an online instant loan, you can usually expect the money to land in your bank account within 10-15 minutes.

To qualify for a personal loan, borrowers generally need a minimum credit score of at least 580 — though certain lenders have even lower requirements than that. However, your chances of getting a low interest personal loan rate are much higher if you have a “very good” or “excellent” credit score of 740 and above.