The best way to get an instant personal loan in India is by applying for the loan via an app. Many lending institutions, including NBFCs, now have apps that you can download on your phone. These apps allow the customers to apply for a personal loan at any time, anywhere around the globe. They offer a hassle-free documentation process where the customers only need to upload their basic information and documents. Here are some of the top apps in India offering instant personal loans:
Top 15 Indian Apps Providing Instant Personal Loans:
A. FULLERTON App
Fullerton India InstaLoan app by Fullerton India is one of the best Indian apps that offer instant personal loans ranging from INR 50,000 to 25 lakhs for people aged above 21years. The loan tenure goes from 12 to 60 months, and the interest rate starts from 11.99% p.a. The application gets approved instantly if you are eligible. The amount is disbursed anytime between 48 hours directly to your bank account. The process is also simple, paperless, and hassle-free.
B. KREDIT BEE App
Kredit Bee is also a very dedicated instant personal loan app in India. A person above the age of 18 who earns 15,000 per month can acquire a personal loan from INR 1000 to 1 lakh. The amount will be disbursed within 24 hours after the loan application’s approval, and the tenure is 62 days to 15 months.
C. INDIA BULLS DHANI App
This app offers loans to both salaried and self-employed people. You can take a loan of Rs 1000 to 15 lakh for a period of 3 months to 36 months. You can download the app from the play store and avail of the instant loan without any collateral.
D. MONEY VIEW App
Money View was founded in 2014 and is a trusted platform to avail instant personal loans from Rs 10,000 to 15 lakhs. The loan tenure is 12 to 36 months, for which the interest rate ranges from 16%p—a to 24%p.a. The process is hassle-free and does not require any collateral.
E. PAYME INDIA App
Provides instant loans to salaried professionals up to 1 lakh for 10-21 days. The interest goes from 1% to 3.1% based on tenure. People can apply for an early salary or loan; they have to pay higher interest.
F. CREDY App
Credy technologies provide instant loan help to people, refinancing loans and credit card bills, and other platforms for investment opportunities. The person should be earning 15,000 per month to apply for a loan, and the loan duration is three months to 12 months.
G. UPWARDS App
This app offers loans to salaried people earning at least 15,000 per month. The loan ranges from 20,00 to 2 lakhs for a period of 6 months to 2 years. The loan is processed within a day, and the disbursement is also done as soon as possible.
H. SMART COIN App
Smart coin provides instant loan support to everyone, be it a salaried person, self-employed, a person staying at home, anyone. You can take up to Rs1000 to 25,000 loan for a period of 91 days to 120 days.
I. ANYTIME LOANS App
AnyTime Loans is an online platform which offers loan assistance to people 24*7. You can avail of any loan starting from Rs1000 to 10 lakhs. There are no hidden charges, and the process is smooth and paperless.
J. HOME CREDIT INDIA App
It provides short-term loans starting from 10,000 to 2,40,000 for a period of 12 months to 51 months. The person should be of 19 years to be eligible to apply, and no collateral is required in the process.
K. EARLY SALARY App
EarlySalary is a new instant personal loan app but has shown creditworthy performance by providing loan support to people ranging from 1000 to a lakh for 50 days. The loan amount is directly transferred to your account and without any collateral.
L. PAYSENSE App
This app allows people to take loans up to Rs 12 lakhs by downloading the app, uploading the KYC documents, and approving the application within minutes.
M. CREDIFIABLE App
This instant loan app provides loan assistance to people even with no credit history, up to 5 lakhs. The application process is smooth and hassle-free.
N. CASHE App
The app provides an instant loan to salaried people starting from 10,000 to 2 lakhs for a tenure of 15 to 180 days.
O. MONEYTAP App
It is a start-up that provides loans up to Rs 5 lakhs for 2 to 36 months. The loan can be repaid in EMIs with a flexible interest rate.
As opposed to banks, which have fixed time schedules and several inhibitions, such instant loan apps are always available for service. If you are eligible, you can fuel your cash crunch only in a few taps with these personal loan apps.