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Interest rates differ from each bank/NBFCs to another.
As per my research, if you are looking for an emergency loan, I would recommend going for Money View Loans or IndiabullsDhani.
Money View app is the best as I have used before their loan app.
Best Features about the Platform is:
Check your loan eligibility and apply online in just 5 mins.
A completely paperless loan with minimal documents.
Get a loan in 24 hours (90% surety) If your all documents are valid.
For salaried, if your income is more than 13,500 in hand and for self-employed, if your income is more than 25,000 with 2 years ITR filed.
Cibil score of 650 or more, you will be eligible to apply when banks or other institutions consider min. Of 700 or more.
Only thing is that you can apply a maximum up to 5 lakhs loan amount or else this is the best loan platform to apply online within 5 mins and get a loan in just 12 to 24 hours of approvals.
Surya Patra
Wiki User
∙ 14y agoAverage interest rates are 10% for emergency cash loans. Rates do vary across lending institutions.
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What is the easiest way to get an emergency cash loan?
The easiest way to get an emergency cash loan is to go to a payday loan lender, including Check into Cash. This should not be used though because there are extremely high interest rates.
Is there a company who will give cash that I can use for emergency while on leave from my job?
No. But there are several companies that will make a loan which you must repay with interest
What is the average interest rate on an instant cash loan?
The interest rate for instant cash loans will differ from each lender to another lender.Based on my research, there top 3 instant cash loan apps which are offering a nominal rate of interest like banks.1. Money View - 1.33% to 2% per month2. Indiabulls Dhani - 1% to 3.17% per month3. PaySense - 1.08% to 2.33% per month
What is the journal entry to pay the interest on a loan?
Debit interest on loanCredit cash / bank
Where might one get a Springfield loan with low interest?
There are several cash advance locations in the Springfield area which offer low interest loans including Speedy Cash. You can also check with you local banks for recent loan interest rates.
What is the easiest way to get an emergency cash loan?
The easiest way to get an emergency cash loan is to go to a payday loan lender, including Check into Cash. This should not be used though because there are extremely high interest rates.
Is there a company who will give cash that I can use for emergency while on leave from my job?
No. But there are several companies that will make a loan which you must repay with interest
What exactly is a emergency cash loan?
Emergency cash loans are designed to help you receive cash quickly in the case of an emergency, such as urgent repairs to your car or an unexpected medical bill.
What is the average interest rate on an instant cash loan?
The interest rate for instant cash loans will differ from each lender to another lender.Based on my research, there top 3 instant cash loan apps which are offering a nominal rate of interest like banks.1. Money View - 1.33% to 2% per month2. Indiabulls Dhani - 1% to 3.17% per month3. PaySense - 1.08% to 2.33% per month
What is the average interest rate on a motorcycle loan?
The average interest rate on a motorcycle loan is 100000
How can I qualify for an emergency cash loan and what should I look for?
You need to be able to show that it is truly an emergency that you have. You should also make sure that you have good credit references and make sure you understand the interest rates.
Where can I get an easy emergency loan?
You can get quick emergency loans at several places and can apply online. Some sites are Loans For Emergencies, Emergency Loan Lenders, and Needs Cash Now.
How do you record loan using cash basis accounting?
When the money for the loan is received it is recorded as cash. Payments are not recorded until the actual payments are sent out. This will be recorded as a debit to a loan expense account and credited directly to cash. The interest is debited directly to an interest expense account and credited directly to cash for the same payment. A compound entry can be used for this purpose. There is no loan payable or interest payable accounts for cash basis accounting.
Where to get emergency cash loan?
Emergency cash loans are actually pretty easy to come by. They are called cash advances or pay day loans, and you can get them from companies like Rent To Own.
What is the journal entry to pay the interest on a loan?
Debit interest on loanCredit cash / bank
What is a market interest rate?
The market interest rate is the rate of interest on cash deposits or loan which is determined by the market. Factors such as demand and supply of cash in the market
Where might one get a Springfield loan with low interest?
There are several cash advance locations in the Springfield area which offer low interest loans including Speedy Cash. You can also check with you local banks for recent loan interest rates.
