What Is an Instant Loan or Payday Loan?
An instant loan or payday loan is a short-term personal loan offered to salaried individuals to cover urgent needs like:
🚑 Emergency medical expenses
🧾 Bill payments
🛠️ Car or appliance repairs
🍽️ End-of-month household expenses
🎓 Tuition fee or rent due
These loans are processed within minutes to 24 hours and are often repaid by the next salary date.
Features of Instant Loans with Vizzve
| Feature | Vizzve Instant Loan Offering |
|---|---|
| Loan Amount | ₹2,000 to ₹1,00,000 |
| Interest Rate | Starting from 12% p.a. (subject to risk) |
| Tenure | 7 days to 3 months |
| Processing Time | 10 minutes – 24 hours |
| Collateral | ❌ None (unsecured) |
| Minimum Salary Required | ₹15,000/month |
| Eligibility | Salaried Indians (age 21–60) |
Benefits of Instant Loans via Vizzve
⚡ Super fast disbursal – Emergency funds when it matters
📱 100% digital process – Apply online anytime
🔒 No collateral required – Risk-free application
💡 Multiple lenders compared – Get the best match
💰 Flexible repayment options – Weekly/bi-weekly/monthly
Documents Required
PAN Card & Aadhaar
Latest 1–3 months salary slips
Bank statement (salary account)
Recent passport-size photo
Employment certificate (if needed)
Instant Loan vs Personal Loan
| Criteria | Instant Loan | Regular Personal Loan |
|---|---|---|
| Approval Time | Within minutes | 1–3 working days |
| Loan Amount | ₹2,000 – ₹1 lakh | ₹25,000 – ₹25 lakhs |
| Tenure | 7 days to 3 months | 6 months to 5 years |
| Use Case | Emergency/short-term | Larger goals or projects |
| Interest Rate | Higher (short-term) | Lower (long-term) |
Risks to Watch Out For
💣 High interest if not repaid on time
🧾 Late fee or rollover penalties
📉 Default impacts your CIBIL score
🕵️ Beware of fake instant loan apps
How Vizzve Keeps You Safe
✅ RBI-registered lending partners
✅ Transparent terms with no hidden charges
✅ Verified instant loan apps only
✅ Full customer support during repayment
Call to Action (CTA):
💡 Need Instant Cash?
Apply now with Vizzve Finance and get your loan disbursed in as little as 15 minutes.
👉 Apply Now and take control of your financial emergency today!
FAQs
Q1. Can I get an instant loan with a low credit score?
➡️ Yes, many lenders offer small-ticket loans even with low CIBIL, at a slightly higher rate.
Q2. What happens if I can't repay my payday loan on time?
➡️ You’ll incur penalties, and your credit score may be impacted. Always repay on time.
Q3. Is Vizzve a direct lender or aggregator?
➡️ Vizzve is a trusted platform connecting users with verified RBI-registered lenders.
Q4. Can I get an instant loan if I’m self-employed?
➡️ This type of loan is primarily for salaried individuals, but personal loans are available for self-employed too.
Published on : 22nd July
Published by : SMITA
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RBI-Registered Loan Partner | 10 Lakh+ Customers | ₹600 Cr+ Disbursed