InstantFunds vs. Traditional Banks: Which Offers Better Personal Loans

InstantFunds vs. Traditional Banks: Which is Better for Personal Loans?

When you need quick cash, choosing the right lender matters. Here’s a simple comparison to help you decide:

Feature InstantFunds 🚀 Traditional Banks 🏦
Approval Time 30 mins – 4 hrs ⚡ 3-7 days ⏳
Documentation 100% Digital (PAN, Aadhaar, Bank Statement) Physical + Digital (Salary slips, ITR, Address Proof)
Loan Amount ₹10K – ₹10L ₹50K – ₹50L+
Interest Rates 10.99% – 24% p.a. 9% – 15% p.a.
Eligibility CIBIL 600+ CIBIL 750+
Collateral Not Required ❌ Required for big loans ✔️
Repayment Tenure 3 months – 5 years 1 – 7 years
Best For Emergency, Short-Term Needs 💊🚗 Large, Long-Term Loans 🏠🎓
✅ When to Choose InstantFunds?
✔ Need money within hours (medical bills, urgent repairs)
✔ Don’t want branch visits or paperwork
✔ Have moderate credit score (600+)

✅ When to Choose a Bank?
✔ Need a bigger loan (₹10L+)
✔ Want the lowest interest rates
✔ Can wait 1-2 weeks for approval

💡 Pro Tip: If you need small, instant cash, go with InstantFunds. For bigger, planned expenses (home renovation, education), banks are better.