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Payday loans are also known as instant loans. These are short-term, unsecured loans available to salaried individuals and must be repaid once the borrower receives his/her paycheck. These are mostly unsecured loans as they do not require collateral.

Yes, An instalment loan and a payday loan can be borrowed at the same time as long as the borrower can manage his/her financials well. Instalment loans come in the form of credit-based loans.

To understand the differences between instalment loans and payday loans, let’s first understand the meaning and key characteristics of each

Do you have too much debt? The total debt you owe compared to your total income can help in answering this question and also understand whether it is a good or bad sign. For instance, debt greater than 40% of your yearly income can be tough to manage.

Banks and lenders can take the below-mentioned actions in case a borrower fails to repay a secured personal loan

A loan repayment comprises an interest component and the principal component. For accounting purposes, the interest portion is considered as an expense, and the principal portion is reduced from the liability and tagged under headings such as Loan Payable or Notes Payable.

Here are some of the steps that can help you in clearing your debt despite having no money and improving your credit

There are many options available in India if you want to borrow money asap. Take, for example, an instant cash loan. These can easily take care of all your financial needs that have arisen urgently.

Here are the costs associated with some of the top payment gateways in India

Credit bureaus don’t always get information on consumer activities directly. Often, small businesses that deal with credit bureaus can begin transferring information to them. Apart from the information available from banks, the reporting done by small businesses can contribute to the credit bureau’s database. Here is how small businesses can report to credit bureaus

A business loan will offer the right kick-start to your business and even help in its expansion. If you don't have the required credit history for a business loan, it could be hard to get one easily. However, there are many options to get one easily, such as using collateral for a business loan, applying with a cosigner, etc. In some cases, the business loan amount may not be as much as you need or it may come with higher interest rates.

Depending on the bank or lender, a business loan can be sought with or without security. Whether you require a business loan for an existing business or to start a new one, many banks and lending institutions in India offer business loans for small and large-scale businesses.

If you meet the lender’s eligibility criteria, you can get a business loan without any mortgage or collateral.  Many lenders offer business loans without any collateral or mortgage. You just have to meet their basic eligibility criteria.

There are a lot of online loan apps that give you instant business loans. Some of them are

The above is a common list of criteria required to apply for a business loan. The lender will further look into these factors and scrutinize them before approving your loan.

Every business, small or big, requires enough capital to get going. And ‘Yes!’ you can get a business loan with no initial capital or collateral. 

In the current pandemic situation, going out should be avoided at all costs. But you cannot let that hamper your business, can you? What is the next best option? Applying for business loans online. 

These days, there are a number of instant loan apps online that process your loan within minutes. You can borrow as low as Rs.1000 and up to Rs.10 lakhs from these apps. 

Instant Loans or Salary Day Loans are your best bet to get an Rs.1000 loan fast. 

Looking for an Rs.20,000 loan quickly? Here are some of the best options available in the market