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Small loan in India

Key takeaways

  • It is easy to get a short term loan without any paperwork. 
  • It is available anytime from the comfort of your home. 
  • Short term small loans is available from a Robocash website or app. 

You can use instant small loans for cash crunch, mostly at the end of the month. The Tenure of these mini loans are shorter, mostly between 7-90 days. The terms and Tenure of your small amount loan is dependent on the lender you choose.
An interest rate of instant small loan is as low as 18% per annum. However, it comes with other charges such as processing fees which are dependent on your loan amount.
You can take a short term personal loan for many different reasons like:

  • Paying Utility Bills on Time
  • Paying school fees on time
  • Cash Crunch at month-end
  • To pay for medical bills
  • Any emergency
  • Getting an instant small loan is a very easy and fast process on the digital platform. You can get a loan as fast as within 2-3 hours. Moreover, you can rely on short term loans for your emergency financial needs.

How to Apply for a Small Loan

To apply for a small online loan is a very simple process. It is a completely paperless digital process. All you need is a smartphone with an internet connection. If you do not have a smartphone, you can apply from any device which has internet.
You can complete the application any time of the day from the comfort of your home.
To apply for a small loan, you will need your:

  1.  PAN Card
  2.  Any address proof document.

Loan application process

  1. Choose the loan amount.
  2. Register with your mobile number.
  3. Provide your details like Date of Birth, Address, Employment status
  4. Wait for scoring approval.
  5. Once you get approved, Provide your bank details.
  6. Upload a photo of your documents.
  7. Upload selfie with PAN Card
  8. Get money in your bank account.

After uploading the photos of your document, you need to wait for the approval. Approval may take 1-24 hours, depending on the time you apply. After approval, you will get money in your bank account instantly.

Tips to get fast approval for your small loan application

✔ Upload photos of your original document.
✔ The address you provided should be the same as your document’s address.
✔ Upload clear photos.
✔ Provide accurate information in the loan application.
✔ You can check the progress of your application in your profile. In addition, you will get notification about the application via SMS, Email, App notifications and Calls.

Why take a small online loan from Robocash

A small personal loan can help you to meet your financial needs during a crisis. Availing of the mini loan instant is easy and fast. You can rely on this, especially at month ends.
It is a month-end you want to gift your loved ones for special occasions. You do not want to miss the deadline for your electricity bill. You want to pay the school fees. For such occasions, you cannot delay the payment till your salary comes. A small amount loan helps you in such a situation.

Robocash provides you small personal loan online within a minute. You can get the money directly in your bank account. Next time, you do not have to ask your family and friends for money when you need urgent cash. Robocash is there to help you 24*7. It is available even on holidays.

Features of a Small Personal Loan

✔ Instant loan available starting from Rs. 1000;
✔ Loan tenure ranges from 62-90 days;
✔ Available for all Indian citizens above 21 years old;
✔ A completely online process with no physical intervention;
✔ No pre-approval charges pay only at the due date. No upfront deduction;
✔ Available only on PAN Card and address proof.

Loan Terms

Loan Amount: From ₹ 1000 to ₹ 10,000
Loan Tenure: Maximum 180 Days
Interest Rate: 1.5% for 90 days for a client with an excellent credit score (Interest rate varies depending on your risk profile).
APR - 6% to 36%
Processing Fee and charge: 15% of the principal amount.

Example of loan calculation

For a loan of ₹2500, Processing Fee and App usage charges - ₹375 + 18% GST ₹67.5 = ₹442.5 and interest - ₹37.5.
The total cost of the loan will be ₹480. The customer has to pay back ₹2980 for a loan of ₹2500.
Interest, tenures and other specifications
Annual Percentage Rate (APR) – 36.5%
Processing fee and App usage charge – 15% of the approved principal amount

The ways of obtaining a loan

You can get a small amount loan by applying from a website. Another method is to apply from the app. You can download the app from the play store or website. Complete the application and get money in your bank account.

Benefits of an instant small loan

Affordable to all people

It is a short-term loan, and it can be availed even if you have a low credit score. Since it’s short term, you do not have to pay interest rate charges over the loan period.

Get Quick money

Mini loans are available online. It is a very fast process. You can get money as fast as within one minute. You can use it for any emergency.

High approval rate.

The approval rate of small online loan is higher than normal loans. It does not require a high credit score. It is available with a very minimal document.

No collateral or guarantors required.

For an online small personal loan, you do not need any collateral or paperwork. You have to upload photos of your document. You also do not need any guarantor to get your loan. Anybody can get it.

Can be spent for any purpose.

When you take an online mini loan, you can use it for any purpose. The lender will not ask you for a reason for the loan.

Who can take a mini loan

Anyone can avail of the mini loan. Here is some basic criteria:

  1. Indian Citizen 21-60 years of age
  2. Has a source of income (No salary slip required)
  3. Has a Valid PAN Card and Address proof
  4. Documents Required to take a small loan:
  5. Photo of Original PAN Card
  6. Photo of original Address Proof (Your address proof document should match with the address where you are currently residing; Telephone Bill /Electricity Bill / Bank Statement showing address / Drivers License / Voters ID proof / Passport)
  7. Selfie with PAN Card

Small loan FAQ

1. What is the smallest personal loan you can get?
You can get a loan of a small amount as low as Rs. 1,000. Sometimes even if you apply for a higher amount, you will get a lower amount. It happens mostly because of your credit risk profile. If you repay your loan on time, the limit for your next loan amount gets increased automatically.
2. How can I get a 1000 Rs loan fast?
You can get Rs. 1000 loan fast by applying for it from a website or app. You need to keep your PAN Card and address proof document ready to complete the application process fast. Make sure you provide all the correct information. 
If you have already got approval before then, you can get it within a minute. But, first, you need to choose the amount and Tenure and get money in your bank account.
3. Where can I get a Small loan online?
You can get a small loan online from a website or app of Robocash. It is a very easy process. You can apply for it from the comfort of your home. It is available on all days, including holidays.
You can get it from anywhere, anytime, with your smartphone. You do not need to do any paperwork or physically go anywhere.
4. Can I get a small personal loan with a low credit score?
Yes, you can get a small personal loan even with a low credit score. Applying for a small personal loan credit score does not matter much since it is a mini loan. However, you may not get a loan if you do not have a credit score.
If you have a good credit score, your chances of approval is very high. On the other hand, you will get a loan with a low credit score as well. All you need is the right set of documents. 


Small loans are good to meet your short-term financial needs. It is easy to get a short term loan without any paperwork. It is available anytime from the comfort of your home. You need a photo of your document to complete the application.
When you are applying for a mini loan, make sure you choose the right amount and Tenure. You do not apply for a big amount if you cannot repay it on time. A smaller amount has high chances of getting approved based on your income status.
Short term small loans is available from a website or app. It is an easy process. Small loans have higher approval rate, and it is affordable for everybody.
A short-term loan can save you from the embarrassment of asking for money from your friends and family. It is easy to get. It helps you during a cash crunch, mostly at month-end. Now you do not have to wait for your salary to fulfil your needs.



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