What if you need money urgently, but you don’t have any valuable things to sell or pledge? The first thought is to go to the bank for a loan. Banks check borrowers thoroughly and because he wants a guarantee of solvency, the bank requires guarantees or collateral. But there are other offers in the microcredit market that allow obtaining unsecured loans without refusal for any purpose.
Credit institutions want a loan repayment guarantee, so they require collateral. We are talking not only about big loans, but also about small ones. This policy is justified, but it creates certain difficulties for people who do not have the time or opportunity to look for a guarantee or register a security deposit. In such situations, you can go to financial companies that specialize in loans without collateral.
Microcredits have several advantages:
But the main advantage is that the borrower does not need to provide collateral. This fact greatly simplifies and speeds up access to credit money.
To get a micro loan, you have to be honest with the lender. This should be considered when filling out the application form. Deliberate or unintentional misrepresentation of facts, as well as mistakes, can lead to rejection. It is recommended to check the data after filling in the application form. By providing information about additional income, you increase your chances of approving the loan.If the borrower earns additional money, for example, is holding a subsidiary – this must be specified and confirmed. If they own a car or a property, this must also be specified.
Unsecured loans are more difficult to obtain, but the Indian credit market today has quite a few offers from financial companies, which allow you to get money quickly, without collateral and online.
We provide you with the newest credit offers from banks and financial institutions.
Choose a loan for your needs.
We have helped more than 10,000 Indian borrowers to choose their loan with Fin-in.
Read, learn, choose the best company with Fin-in!
Research from leading financial market experts, useful tips and economic forecasts.
Compare terms, loan amounts, interest rates, and choose the loan that suits you best.
We provide you with the newest credit offers from banks and financial institutions.
Choose a loan for your needs.
We have helped more than 10,000 Indian borrowers to choose their loan with Fin-in.
Read, learn, choose the best company with Fin-in!
Research from leading financial market experts, useful tips and economic forecasts.
Compare terms, loan amounts, interest rates, and choose the loan that suits you best.
Our biggest
clients
Our biggest
clients
The citizens of India aged 20 to 65 years old.
It depends on the conditions of the particular bank or MFI. On average, from Rs.1000 to Rs.10 Lakh.
You need to submit an application on the website of the company or in a mobile app.
Processing of the application will take from several minutes to several hours, and crediting of money to your bank account will take from 1 to 5 days, depending on the selected company.
You can spend this money for any purpose: holidays, weddings, the latest gadgets, higher education, buying a car or even repairing a house.
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I just got my money, and I'm amazed! Super fast! I recommended your loan selection service to my colleagues. Smooth deal!
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Excellent customer service. Thanks to you, I chose the best lender! I got a loan last month, and paid it in full. Then I borrowed money again and got it faster. Hope next time I have bigger loan amount.
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I downloaded mobil app, I found out about on your website. It is very easy to use! I was approved and got my cash loan in my bank account. Thank you! Keep it up
