No matter how much you plan your finances, unexpected expenses may arise anytime. This leads to an eventual cash crunch that you may have to suffer until you get your next salary. These sudden expenses can be important purchases, medical expenses, short-term costs, or urgent repairs that can’t be delayed. In such a time, your weekends take a hit for the worse because you simply have no money left. However, to make sure you get your fair share of fun on weekends, you can get small cash loans. Here is everything you need to know about small cash loans and how they can help you:
What is a small cash loan?
A small cash loan is the proverbial big thing in a small package. It is essentially a quick solution to urgent financial issues. Usually provided by online lenders, it is a financial offering that allows individuals to borrow money for a short amount of time. Moreover, as the loan amount is generally lower, most borrowers are able to pay the debt off quickly.
When is the loan disbursed?
Disbursal of a loan has always gone hand in hand with a certain degree of inconvenience when it comes to traditional loans. However, with small cash loans, disbursal is one of the most attractive features. These loans are disbursed within the same day. There are some online lending apps that disburse loans in 30 minutes of application. Moreover, the funds are transferred directly to your bank account. The verification formalities are less cumbersome than traditional bank loans. As a result, the funds come to you immediately. Hence, once you get the loan, you can simply pick your card and head into your weekend plans.
How much can you borrow?
The maximum amount you can borrow as a small cash loan differs across various lenders. However, most lenders grant small cash loans in the range of INR 10,000 to INR 50,000. You can easily repay these loans through monthly EMIs to clear off the debt.
Who can apply for the loan?
Guidelines for whether you can apply for a small cash loan are called eligibility criteria. While eligibility criteria for traditional loans are quite extensive, online lenders make it simple enough. To take a small cash loan, you simply need to be an Indian citizen, between the ages of 22 and 59, and have a minimum of INR 10,000 of monthly income from an authentic source.
How they can make your weekends happening?
Every person that works hard all through the week wishes to equally enjoy their weekend. While they are right to feel so, the cash crunch they may be facing spoils their plans. Here is where a small cash loan app comes in and saves the day. By taking these simple and hassle-free loans, you do not have to wait until the next payday to have a happening weekend. Simply apply for a loan from whichever lender feels suitable to you and get the funds you need without waiting too much. Now that we have told you how to get the money, here are some ways that you can use it to make your weekends happening:
- Host a house party
You may have heard many say “charity begins at home”. The same can be said for fun. Enabling you to implement that to your weekends, small cash loans allow you to cover for a pending celebration, birthday treat, or simply a meeting among friends. In addition to that, weekends are the perfect time to do so without scratching your head in search of a restaurant or bar to go. Simply bring the party home and celebrate with friends. With the help of small cash loans, you can pay for anything your ideal party may need.
- Go for camping
If you like enjoying the great outdoors, you can take a small cash loan to go on a camping trip and escape the fast-paced city life. For anything and everything you may need for the trip, apply for a loan, receive cash as quick as 30 minutes. Once you have done that, pack your bag, catch up some friends and go on an unwinding trip over the weekend.
- Try DIY
For the right kind of people, a weekend craft or home-improvement activity can be as interesting as any of the options suggested above. Especially for Do-it-Yourself enthusiasts, being a spendthrift on building a makeshift tent for outdoor home picnics, giving a makeover to the room-walls or fixing windowpanes all by themselves could be an enticing weekend plan for which a small cash loan can come handy as immediate cash support.
- Book a luxurious villa
After following the 9-5 schedule for a week, you can treat yourself to a luxurious retreat. Reserve a suite at a high-end hotel or book a nearby villa to enjoy your best life. Take a dip in a Jacuzzi and relish the indoors as much as your surroundings without worrying about your finances. Moreover, these loans are generally of a small amount. As a result, your trip into luxury isn’t brought to a sudden halt by a large debt.
- Go dining or clubbing
Sometimes the best weekend plan you can come up is a night filled with great food and dancing. Visit the most premier restaurants or the most exclusive club with your significant other or your entire gang to create an experience all you may remember for months to come. Another option to have a fun weekend is to visit a new restaurant or clubs, or leisure spot to fill your need for new experiences. You can also book tickets to the concert happening in your city everybody is talking about.
The best thing about small cash loans is that you don’t have to go through the tiresome process of loan applications of traditional loan offerings by banks. They follow a simple application process that leads to disbursal as quick as 30 minutes. Moreover, traditional loans are harder to get approved as they have extensive eligibility criteria and overwhelming documentation.
