New Delhi, Jan. 29 -- Getting a loan can be a time-consuming task and time is often not a luxury for most of us. Banks, therefore, sometimes give an option of availing aninstant personal loan in cases wheree-KYC is already complete.

This means no sooner had you applied than you received an approval for it and the money was disbursed instantly.

Undoubtedly, it is a tempting offer to go for. However, there is another option. The other alternative is to avail apre-approved loan. In this case, you already have an offer of loan, and you only need to accept it to be able to receive the money.

An instant loan is the money that you can receive instantly without waiting for several days. This is quite common in cases where a customer's eKYC is ...