What is Mini Cash Loan?
If you still encounter that end of the month cash crunch every now and then (despite your best efforts to scrimp and save), you’ll be relieved to know that taking a mini cash loan online can help get you out of your stressful situation.
Borrowers can avail a mini cash loan online for as little as Rs. 5,000-20,000 only. These mini loans in minutes in India are best suited for one’s urgent needs, and not ‘wants’. Avoid using a mini cash loan for discretionary spending such as shopping, as they have high interest rates; therefore it would not be prudent to utilize the mini cash loan instant in such a manner.
If you’re in a cash crunch and desire to spend on an impromptu purchase or discretionary expenses (entertainment, dining out, shopping, etc.), it’s better to save several months’ salary as a backup to spend on such occasions. However, you can use the mini cash loan as per your situational needs.