1 Day EMI, offer a unique approach to personal loans, allowing borrowers to repay their loans on a daily basis. These companies provide quick and convenient personal loans that are well-suited for short-term financial needs. The standout feature of these loans is the daily repayment structure, where the borrower repays a small portion of the loan through daily EMIs (Equated Monthly Installments), making it manageable for individuals with irregular income streams, such as freelancers, small business owners, or gig workers.

A personal loan with a 6-year tenure is a type of unsecured loan that allows borrowers to repay the loan amount over a period of six years, or 72 months.

Overdraft Loans

An overdraft loan is a type of short-term credit facility that allows individuals or businesses to withdraw more money than they currently have in their bank account. A 1-Day EMI company offering such loans typically provides borrowers with immediate access to funds, helping them manage urgent financial needs or cash flow shortages. These loans are often designed with flexibility in mind, allowing borrowers to repay the amount on the same day, usually in a single installment (EMI - Equated Monthly Installment), but structured for short-term use, such as within a day.

overdraw funds from their bank account up to a pre-approved limit, with the repayment term extending over 7 (seven years).