In a recent announcement, Google India is bringing increased flexibility and convenience to micro-loans.
Now, individuals can secure loans starting as low as Rs 15,000, with the option to repay in installments as minimal as Rs 111.
Understanding Sachet Loans
Sachet loans, often referred to as nano-credit or tiny loans, are short-term financial aids. These loans are typically pre-approved and readily accessible.
They begin at Rs 10,000 and can span from 7 to 12 months. Acquiring a Sachet loan may involve downloading a loan app, applying online, and undergoing a simplified verification process.
The Rise of Instant Loans
In recent years, fintech companies have shifted their focus to instant loans. With the growing popularity of UPI (Unified Payments Interface), obtaining credit through UPI has become more widespread, providing users with accessible financial options.
