What Are The Different Types Of Instant Loans?

Instant loans have transformed the borrowing experience, offering quick financial assistance with minimal paperwork. Whether you need funds for medical emergencies, travel, business expansion, or personal needs, instant loans provide a fast and convenient solution.

While loan against mutual funds is already available, other options like loan against stocks, securities, and shares will soon be offered by various financial institutions. In this blog, we’ll explore the different types of instant loans, their eligibility criteria, and why Liquify is a reliable platform for hassle-free borrowing.

Instant Loan Eligibility Criteria

While different types of loans have their own criteria, most instant loan approvals depend on these factors:

✔ Age: Applicants must be between 21 to 60 years.
✔ Income: Regular income (salaried or self-employed) is preferred.
✔ Credit Score: A CIBIL score of 700+ increases approval chances.
✔ Documents: Aadhaar Card, PAN Card, bank statements, and income proof.
✔ Debt-to-Income Ratio: A lower ratio (below 40%) improves eligibility.

Different Types of Instant Loans Available

Let’s take a look at the various instant loans options, including those that Liquify currently offers and plans to introduce soon.

1. Loan Against Mutual Funds (Currently Available)

A loan against mutual funds allows you to borrow money by pledging your mutual fund investments as collateral. Instead of selling your funds, you can use them as security and get a loan at a lower interest rate.

✔ Quick disbursal
✔ No need to liquidate investments
✔ Lower interest rates than personal loans

✅ Offered by Liquify – Apply now and get funds instantly!

2. Loan Against Stocks (Coming Soon)

This loan allows you to pledge your stocks and shares as collateral to get quick financing. The loan amount depends on the value of your holdings, and you continue to earn dividends while using your stocks for credit.

✔ Retain ownership of stocks
✔ Flexible repayment options
✔ Lower interest rates than unsecured loans

3. Loan Against Securities (Coming Soon)

Apart from mutual funds and stocks, you can leverage other securities like bonds, government securities, and insurance policies to secure a loan.

✔ Ideal for investors
✔ Higher loan amounts based on asset value
✔ No need to sell your assets

4. Personal Loan (Planned for Future)

A personal loan is an unsecured loan that can be used for any purpose, including medical emergencies, weddings, education, or travel. Since it’s unsecured, the interest rates are slightly higher.

✔ No collateral required
✔ Fixed EMIs for easy repayment
✔ Available for salaried and self-employed individuals

5. Business Loan (Planned for Future)

Small and medium businesses can apply for instant business loans to expand operations, purchase inventory, or cover working capital needs.

✔ Quick funding for entrepreneurs
✔ Competitive interest rates
✔ Flexible repayment tenure

6. Payday Loan (Planned for Future)

A payday loan is a short-term loan designed to help salaried individuals cover urgent expenses before their next paycheck.

✔ Small loan amounts
✔ Repayment within 30 days
✔ Higher approval chances

Why Choose Liquify for Your Instant Loan Needs?

Liquify is a trusted lending platform offering quick and secure loans with minimal documentation.

Key Benefits of Choosing Liquify

✔ Instant Approval & Quick Disbursal – Get funds in your bank within minutes.
✔ Minimal Documentation – No lengthy paperwork or complicated verification.
✔ Low-Interest Rates – Competitive rates compared to personal loans.
✔ Flexible Loan Amounts – Borrow based on the value of your assets.
✔ 100% Digital Process – Apply online and track loan status easily.

Liquify currently provides loan against mutual funds and will soon introduce loan against stocks, securities, and other financial assets. Stay tuned for more updates!

Conclusion

Whether you need funds for personal or business needs, understanding the different types of instant loans helps you make an informed borrowing decision. Loan against mutual funds is one of the best options for those who want quick funds without selling their investments.

Liquify is committed to offering hassle-free lending solutions and will soon expand its services to include loan against stocks, securities, personal loans, and business loans.

Need quick financial assistance? Apply with Liquify today!

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