Instant loans are often seen as a quick fix for emergencies—but along with convenience comes a lot of misunderstandings. Many people hesitate to apply because of myths around hidden charges, high interest rates, eligibility, and approval delays.
At Vizzve Microseva, we believe in empowering customers with clarity and transparency. In this blog, we’ll break down the most common myths about instant loans and replace them with facts you can trust.
Myth 1: Instant Loans Always Have Hidden Charges
Fact: With Vizzve Microseva, what you see is what you pay. Our platform clearly displays the interest rates, processing fees, and repayment schedules upfront—no hidden costs.
Myth 2: Only Salaried Employees Get Approved
Fact: Unlike traditional banks, Vizzve Microseva offers instant loans to both salaried professionals and self-employed individuals. Whether you’re a small business owner, freelancer, or working professional, we’ve got you covered.
Myth 3: Instant Loan Approval Takes Days
Fact: Thanks to AI-powered verification and digital processing, Vizzve Microseva approves most loans within minutes. Funds can reach your account within hours—perfect for emergencies.
Myth 4: The Interest Rates Are Too High
Fact: Interest rates depend on your profile and loan amount. Vizzve Microseva offers competitive rates that are often lower than credit card debt or informal borrowing.
Myth 5: Instant Loans Harm Your Credit Score
Fact: Taking an instant loan and repaying on time actually helps improve your credit score. Vizzve Microseva reports repayments responsibly to credit bureaus, boosting your financial credibility.
Why Choose Vizzve Microseva?
✅ Transparent loan terms
✅ Faster approvals with technology
✅ Flexible options for salaried & self-employed
✅ No hidden charges
✅ Improves credit score with timely repayment
FAQs
Q1. Do Vizzve Microseva loans have hidden fees?
No. All charges are disclosed upfront for full transparency.
Q2. How fast can I get an instant loan?
Loan approvals can happen within minutes and funds within a few hours.
Q3. Who can apply?
Both salaried and self-employed individuals are eligible.
Q4. Will taking a loan hurt my credit score?
No, timely repayment can actually improve your credit score.
Q5. Are interest rates fixed?
Rates vary depending on loan type and applicant profile, but remain competitive.
Published on : 19th August
Published by : SMITA
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