In a world of one-tap approvals, getting an instant loan online has never been easier. But behind that “Apply Now” button could lie hidden traps—sky-high interest, spammy follow-ups, and even credit score damage.
So before you take the leap, here are 5 must-know facts about instant loans, and how Vizzve Finance ensures a safe borrowing experience.
1. Not All Instant Loans Are Legal or RBI-Approved
Thousands of apps claim to offer instant personal loans, but many are not registered with RBI, making them illegal.
✅ Vizzve Tip:
Always choose a lender backed by an RBI-registered NBFC or bank. Vizzve Finance only works with approved institutions.
2. APR Can Be Shockingly High
Some shady loan apps show “0% interest” but charge huge processing fees and late penalties, pushing APR (Annual Percentage Rate) to 200% or more.
✅ Vizzve Tip:
Check the total cost of borrowing—not just interest rate. Vizzve displays full EMI and APR upfront, no hidden costs.
3. Your Data Might Be at Risk
Unregulated apps ask for access to your contacts, messages, gallery, and even GPS—and may misuse them to threaten or harass during recovery.
✅ Vizzve Tip:
Use only Google Play-compliant apps that follow data privacy guidelines. Vizzve never accesses your personal files or contacts.
4. Instant Loans Can Hurt Your Credit Score
Each loan application creates a hard inquiry on your CIBIL report. Too many of these can lower your credit score—even if you don’t take the loan.
✅ Vizzve Tip:
Use pre-approved or soft inquiry options through trusted platforms like Vizzve to avoid unnecessary score dips.
5. Not All Lenders Respect Your Situation
Many instant lenders don’t offer flexibility in case of delays or emergencies. Miss an EMI, and you’ll face daily calls and legal threats.
✅ Vizzve Tip:
Vizzve offers friendly EMI reminders, restructuring options, and no harassment. We work with you, not against you.
Instant Doesn’t Mean Irresponsible – Choose Wisely
Fast loans can solve real problems—but only when taken with full awareness.
At Vizzve Finance, we make speed + safety possible through:
💼 RBI-compliant lending
🔐 Secure and private app environment
📊 Transparent loan breakdown
🤖 AI-powered eligibility checks (without hurting credit score)
👨💼 Human-first support for repayment & restructuring
FAQs – Instant Loans in India
1. Are instant loan apps safe in India?
Only if they’re RBI-registered and follow data protection norms. Avoid apps asking for contact/gallery access.
2. Will applying for an instant loan affect my CIBIL score?
Yes, if it involves a hard credit pull. Vizzve minimizes this with smart screening tools.
3. Can I get an instant loan without salary slip?
Some apps offer low-ticket instant loans based on bank statements or alternate data.
4. Is Vizzve Finance a registered lender?
Vizzve partners only with RBI-licensed NBFCs, ensuring compliance and safety.
5. What’s the max amount I can get instantly?
Vizzve offers loans from ₹5,000 to ₹5,00,000, depending on your profile.
Published on : 4th August
Published by : SMITA
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RBI-Registered Loan Partner | 10 Lakh+ Customers | ₹600 Cr+ Disbursed