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Home » Looking to get a Personal Loan of Rs.5,000 instantly? Here’s a complete guide to help you in getting a Loan of Rs.5000 quickly.

Looking to get a Personal Loan of Rs.5,000 instantly? Here’s a complete guide to help you in getting a Loan of Rs.5000 quickly.

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No one can ever imagine getting a loan of merely Rs.5000. It seems impossible! What if you need a loan of Rs.5000 to cover urgent expenses? Well, nothing is impossible in this era of the 21st century. The good news is that there are many loan lenders you are providing a loan of Rs.5000 that too is credited instantly to your account. Sound’s perfect, right?

You can use the Loan amount for any purpose, instant payment to any merchant, shopping, ticket booking, etc. You just need to meet the eligibility criteria, and you will be in to get an instant loan. In this blog, we will have a detailed discussion on the loan providers and how you can get a loan of Rs.5000 instantly. We will give you a thorough insight into every detail that will help you easily get the loan. So, let’s get started!

Top Banks/NBFCs providing an instant loan of 5,000.

We have curated a list of top financial institutes with an insight into their loan processing details, documents, and other things. So, let’s move ahead and find it out:

  1. CASHe

CASHe has been consistently offering personal loans to thousands of customers across India. CASHe is best known for providing a quicker, more flexible, and hassle-free personal loan, even if you need a loan of INR 5,000. They have the most simplified process that will never leave you stressing about the EMIs. So, let’s find out more about it:

Loan Amount

Rs 1,000 to Rs 400,000

Tenure

90/180/270/ 360 Days

Location

PAN India

ROI

2.25% – 2.50% per month

ROI (Fixed/Floating)

Fixed

Payment Delay Charges

0.7% flat interest fee per day

Processing Fees

2-3%

Foreclosure Allowance

NIL

Eligibility

Documentation

  • The amount criteria for the application may differ based on your net in-hand salary:

  • For the 90-day loan – avail loan amount of up to 110% of your salary.

  • For the 180-day plan – avail of a loan amount up to 210% of your salary.

  • For a 270-Day plan – avail loan amount of up to 310% of your salary.

  • For the 1-year plan – avail loan amount of up to 400% of your salary.

  • For the 1.5-year plan, avail loan amount of up to 500% of your salary

  • CIBIL score of the applicant must be more than 550

  • The salary should be received through NEFT/RTGS/UPI.

  • The applicant must be a salaried professional

  • Photo Identity Proof – PAN Card

  • Aadhar Card

  • Latest Salary Slip

  • Permanent Address Proof – Passport, Driving Licence, Voter ID card, or any Utility bill.

  • Latest Statement of your Bank Account, showing your salary credit.

To know more, visit https://referloan.in/loans/cashe-personal-loan

  1. FlexSalary

A personal loan that is too low in amount can be very difficult to find. However, FlexSalary has eliminated the misconception by providing hassle-free loans for a small amount. They provide personal loans starting at just Rs. 4,000, and if you want to get a loan of INR 5,000, look no further than FlexSalary. For more details, refer to the table below:

Loan Amount

Rs. 4,000 to 2,00,000.

Repayment Tenure

From 10 months to 36 months

Approval

Same Day

Annual percentage interest rate (APR):

Maximum of 36% per year

ROI (Fixed/Floating)

NIL

Payment Delay Charges

No

Processing Fees

Rs.300 – Rs.750 (including GST) – one-time

Foreclosure Charges

No

Eligibility

Documentation

The applicant must be an Indian Citizen

The age of the applicant should be 21 at least

Only salaried individuals can apply

The minimum salary of the applicant must be Rs. 8,000

PAN card

Identity proof

Residential proof

Income proof

Passport size photographs

To know more, visit https://referloan.in/loans/flexsalary-personal-loan

  1. Paysense

Paysense’s instant personal loan is an ideal option for getting a loan of Rs. 5,000. With the help of their easy and affordable loan, you can easily repay your overdue. Paysense takes pride in providing the most convenient options and flexible EMIs for loan repayments. Both salaried professionals and self-employed individuals can easily apply for instant personal loans with Paysense. Refer to the below table for more information:

Mode of Process

Online

Location

PAN India

Lending Size and Tenure

5k-10L (3M to 60 M)

ROI

14%-24% (Fixed)

Processing Fees

3%

Foreclosure

As per Policies

Partial Payment Allowance

No

Dealing in Unsecured OD

No

USP

Funding to All Profile whether Employee of

Proprietorship firm/Partnership firm or Company

Eligibility

Documents Required

  • The age of the applicant should be between 22 to 57

  • The min. salary of the applicant should be 20K in Metro cities & 18K Rest

  • The min. Employment should be 3 months of continuous salary

  • Minimum CIBIL score has to be 700

  • KYC of Applicant (PAN+Passport Size Photo+Adhar Card)

  • Last 3 Month Salary Bank Statement in PDF

  • Last 3 Month Salary Slip if Salary is received by Cheque

  • Ownership Proof Latest Utility Bill (If rented then rent agreement)

  • Copy of Cancel Cheque of Salary Account or Passbook front page

To know more visit https://referloan.in/loans/paysense-personal-loan

  1. Money View

Whether you have any urgent need of money or have to repay any of your dues, Money View can be the best pick. They are providing loans with convenient options and a completely online process. Also, they have a flexible repayment tenure of 60 months. Furthermore, it is the best platform if you want to get a loan of INR 5,000. For a detailed view, let’s have a look at this table:

Lending Size and Tenure

Rs. 5,000-5Lakhs (3 to 60 Months)

ROI

16% to 36%-Reducing

ROI (Fixed/Reducing)

Fixed

Processing Fees

2%

Foreclosure

As per Policies

( Only if you have paid the last 3 EMIs)

USP

Funding to All Profile whether Employee of Proprietorship firm/Partnership firm or Company

Eligibility

Documents Required

  • The age of the applicant should be between 21 to 60

  • The min. salary of the applicant should be Rs. 15,000* or more

  • The min. Employment should be 3 months of continuous salary

  • Minimum CIBIL score has to be 650 or More.

  • The income should be received in a bank

  • KYC of Applicant (PAN+Passport Size Photo+Adhar Card)

  • Last 3 Month Salary Bank Statement in PDF

  • Last 3 Month Salary Slip if Salary is received by Cheque

  • Ownership Proof Latest Utility Bill (If rented then rent agreement)

  • Copy of Cancel Cheque of Salary Account or Passbook front page

To know more, visit https://referloan.in/loans/money-view-personal-loan

  1. My Shubh Life

People should always look for My Shubh Life if they want to get a quick and easy personal loan. They offer loans with easy EMI instalment options, various payment options, and flexible payback options. If you have no credit history, have a low income, and have already experienced credit denial from other financial institutions, MyShubhLife is your best choice. With My Shubh Life personal loan, you can get a loan of INR 5,000. For more assistance, let’s have a look at the below table:

Lending Size and Tenure

5k-2L (3M to 24 M)

ROI

28%-44% (Reducing)

Processing Fees

3%

Foreclosure

As per Policies

Partial Payment Allowance

No

Eligibility

Documents Required

  • The age of the applicant should be between 21 to 60

  • The min. salary of the applicant should be 12K

  • The min. Employment should be 3 months of continuous salary

  • Minimum CIBIL score has to be 705

  • KYC of Applicant (PAN+Passport Size Photo+Adhar Card)

  • Last 3 Month Salary Bank Statement in PDF

  • Last 3 Month Salary Slip if Salary is received by Cheque

  • Ownership Proof Latest Utility Bill (If rented then rent agreement)

  • Copy of Cancel Cheque of Salary Account or Passbook front page

To know more visit https://referloan.in/loans/my-shubh-life-personal-loan

  1. KreditBee

If you are looking for the most convenient way to cover your overdue, look no further than KreditBee. They are the best option for getting a personal loan with a low amount. Even if you have a low credit score, then also you can easily get a personal loan from KreditBee. And if you need a loan of just Rs. 5,000, then KreditBee is the ideal pick for sure. For more details, let’s have a look at the table below:

Application Mode

Online

Location

Most of the Tier-1, Tier-2, and Tier-3 cities in India

Loan Amount

Rs. 1,000 to Rs. 3 Lakhs

Repayment Tenure

3 to 24 months

ROI

Starting from 1.02% – 2.49% p.m.

Processing Fee

From Rs. 85 to 6% of the loan amount

Late Payment Charges

Yes

Loan Disbursal

In just 10 mins*

Eligibility

Documentation

The applicant must be an Indian Citizen

The Age Limit must be 21- 45 years

The monthly income of the applicant must be more than ₹10,000

Photograph (Selfie)

Identity Proof (PAN)

Address Proof (Aadhaar, Passport)

To know more, visit, https://referloan.in/loans/kreditbee-personal-loan

FAQs

From any of the above lenders, you can easily get a personal loan with a low credit score. However, some more criteria are assessed for providing a personal loan.

It is not mandatory and can vary from lender to lender. You can ask this from their respective representatives.

There are ample lenders who welcome applicants who have attained the age of 21 years. You can get this information from their official websites too.

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