Emergency loan within 1 hour is possible from an Android phone. Instant loans provide hassle-free faster loan disbursement opportunities. When Banks take 4 to 5 days, instant loan Provider Companies disburse loans within a couple of times.
As a borrower, if you are searching for the best 1 hour loans by phone in India, this content will complete your needs. Digitally approve loan process with some clicks.
Best 1 Hour Loans by Phone Recap
| Loan Amount | Up to 20 Lakh |
| Credit Score | 730+ |
| Repayment Tenure | 6 years |
| Apply Process | Online |
| Disburse Time | 1 hour |
Benefits of 1 Hour Loans by Phone
Paperless Loan: No more bank visits are needed for the 1-hour loan process. Complete the paperless process with the online application.
No more Trouble: As you know all the processes will happen from your Android phone, so this is no more trouble to get the money.
Repayment is Flexible: Choose repayment tenure of 6 years which is convenient for you. Repay your loan within a long period.
Limited Paperwork: Paperwork is minimal for a 1-hour instant loan. Borrower KYC documents are only needed.
Eligibility Criteria for 1 Hour Loans by Phone
- The borrower’s residence address should be in India.
- Age should be under 21 to 60 years
- Credit report 730+ or above need
- Borrower monthly income must be active
Also Read: Google Pay Instant Loan
Best Lenders for 1 Hour Loans by Phone
| Lenders | Interest Rate | Loan Amount |
| Money View | 16% – 39% p.a. | Up to Rs. 5 Lakhs |
| Navi | 9.9% – 45% p.a. | Rs. 1,000 to Rs.20 Lakhs |
| mPokket | 0% – 4% p.m. | Rs. 500 to Rs.30,000 |
| LazyPay | 16% – 32% p.a. | Up to Rs. 1 Lakhs |
| CASHe | 2.25% p.m. | Rs. 1,000 to Rs. 4 Lakh |
| KreditBee | Upto 29.95% | Up to Rs. 4 Lakhs |
| PaySense | 16% – 36% p.a. | Rs. 5,000 – Rs 5 lakh |
| PayMeIndia | 18% – 42% p.a. | Up to Rs. 2 Lakhs |
| Zest Money | 0% – 21% p.a. | Up to Rs. 2 Lakhs |
| Prefr | 18% – 36% p.a. | Rs. 10,000 – 3 lakh |
| Phocket | 19% – 36% p.a. | Up to Rs. 2 Lakhs |
Essential Documents for 1 Hour Loan
You must keep a list of documents for 1-hour loans by phone. The following list should be needed:
- Borrower Pan Card
- Borrower Address proof like an Aadhaar Card
- Bank statement for the recent 3 months
- Selfie photo of borrower
Also Read: Upward Personal Loan
How to Get 1 Hour Loans by Phone
1. First check and decide lender.
2. Go to the lender page and read all eligibility.
3. After checking, directly apply from the lender’s official page.
4. Start your loan from OTP verification from your phone number.
5. Give borrowers details information like Name, Address, Monthly income, etc.
6. Submit documents from your Smartphone.
7. Check instant loan eligibility after uploading documents like Pan Card, Aadhaar Card & Bank Statement.
8. Now complete E-nach from Netbanking or Debit card.
9. Loan ready to disburse to borrower account.
FAQs on 1-Hour Loans by Phone
What is the rate of interest on 1-hour loans by phone?
The instant 1-hour loan interest rate is 9.9% to 45% p.a. It will depend on the lender and borrower’s credit score to get the best interest.
Is a bank statement required for instant 1 hour loans from the phone?
Most instant loan applications require 3 months’ bank statement. So, you will need to upload a bank statement for an instant loan within 1 hour.
Can students apply for 1 hour loans by phone?
If you are under 21 years of age, you are almost eligible for an instant 1-hour loan. Also, a credit score should be 730+ to apply for a loan.
How to get 1 hour loans by phone?
Check eligibility details and documents list before applying. After that click on the lender’s official page and follow the simple instructions to get an instant loan.