What is a Personal Loan?

A personal loan can be termed as an 'unsecured loan', applied for and availed by individuals from a bank or non-banking financial company (NBFC). The sole purpose of availing such a loan is to fulfil one's personal needs. A personal loan as well as its emergency counterpart, enable households to cover up any shortcoming they face while purchasing highly-priced utilities of the like of house, car, education, and others.

In a Covid-19 riddled world, consumers are heavily relying on short term personal loans for purchases that ensure the smooth functioning of their life. The option to convert their purchases into 'Equated Monthly Instalments' (EMI), is also being adopted in the new normal.

All that you need to know about Short-term Personal Loans.

• An application for personal loan takes your incomes, credit, employment history, and other factors into account.

• It does not secure any asset; hence no collateral is required from the borrower's end.

• It can be used for any purpose and the organization granting it does not monitor its usage.

• One can apply for it with a co-applicant, although the latter should be a family member.

• Typically, a short term personal loan gets disbursed within a week, but with MIM, it's quicker.

How Can I Apply For Emergency Personal Loan With 'Money in Minutes'?

'Money in Minutes' is an institution, the services of which are synonymous with the ease of its customers. Hence, one can avail personal loan by tending to the following steps:

1. Apply for the loan on our mobile app or website by providing your basic information.

2. Upload basic documents for private finance, such as bank statement, salary slip, ID proof, and residence proof.

3. Approval will take a few minutes.

4. Funds will be transferred directly to your bank account.

Why Choose 'Money in Minutes'?

We understand finance and the economic scene transpiring yonder, but most importantly, we understand you. In order to serve you better, we ensure the following:

Ultra-Fast Process

Granting short term personal loans to you in the hour of need, is our forte. Hence, we ensure lightning-fast processing of your application and quick disbursal of funds. Our automated system keeps you up to date with the status of your application - and viola - your loan will be deposited in your bank account in a jiffy!

Ease At Your Fingertips

In a world where the internet is the key to unlock ease, MIM provides you with a hassle-free experience. Our services tend to rest on your fingertips - 5 minutes of your time and you are done with our tactfully devised application form. It just takes a short interval of time for us to process the same and deposit funds in your bank account - while you just lay back and wait for the update.

Built On Trust

We believe in trust that stems out of transparent communication. Hence, we always implore our potential customers to talk to us in order to put their queries, doubts, misconceptions, etc. to rest. Over the years, we have garnered a faithful following owing to the same and we tend to stay true to our approach.

We Understand You

We are an extension of you. We are very well familiar with the notion of financial lags, hence we are always eager to help you out via short-term personal loans or sound financial advice - you name it. We empathize with you in order to cater to your needs with the aid of different types of loans available at affordable interest rates. We have something for everyone.

The MIM Club

You become a member of 'The MIM Club' by default when you take your first emergency personal loan with us. After that, for every fresh loan taken from us, we give you a reduction in the monthly interest which is unheard of in this industry. You also get discounts and offers on various products and services that will increase your savings even more.