Mini Loan or Small Personal Loans: All You Need To Know

Often you might experience the need to avail of funds urgently. You might need them to meet sudden expenses that crop up due to unforeseen circumstances. In such times, you can rely on Mini Cash Loans or Small Loans offered by banks.

What are Small Loans?

Small Loans are unsecured loans offered for a short term to meet urgent requirements. Since it requires no collateral, you can apply for a Mini Cash Loan online through a relatively straightforward process. However, certain institutions only offer it to salaried individuals. 

Since it is a Personal Loan, you can utilise it for a variety of purposes. You can use the Small Instant Loan amount to pay off medical bills, educational fees, finance home repairs, a trip abroad, or any other emergency. It can be tailor-made to meet your urgent, short-term needs. 

What are the benefits of applying for Small Loans?

• No Collateral: Small Loans are unsecured loans, and thus, you do not need to provide any collateral as security to avail of the loan amount. They are perfect if you are in a situation wherein you cannot offer any collateral but require funds urgently. 

• Minimal Documentation: the lack of collateral also ensures that you can apply for these loans without submitting excessive documents. By providing very basic documentation, your application process can be completed quickly. 

You can read more about instant loan without documents here.

• Same Day Approval: Certain Small Loans are offered at a speeded-up disbursal process. When you apply for these loans, the loan amount is disbursed on the same day the loan application was approved. Thus, you do not need to wait for the funds to be disbursed and can be sure they will be available to you within a single day. 

HDFC Bank recognises the importance of having funds on hand to meet urgent expenses. Thus, HDFC Bank offers Small Loans at attractive interest rates. With easy repayment options and a straightforward application process, the HDFC Bank Small Loan can help you face financial challenges. You can apply for the HDFC Bank Mini Cash Loan online, as well. Click here to apply for an HDFC Bank Small Personal Loan.

*Terms and conditions apply. The information provided in this article is generic in nature and for informational purposes only. It is not a substitute for specific advice in your own circumstances.

*Terms and conditions apply. Small Personal Loan at the sole discretion of HDFC Bank limited. Loan disbursal is subject to documentation and verification as per Banks requirement.