Gone are the days when borrowers had to visit the lender’s offices several times to apply for loans and get approval. That process was complex, hectic, and time-consuming. In today’s age, eligible candidates can quickly apply for a loan online through an app installed on their smartphones. Applying for a loan through instant personal loan apps saves borrowers the time and effort required to go the traditional way.
Most lenders have online apps to offer their borrowers to keep up with the latest loan application method through technology. The primary purpose of these apps is to streamline the loan application process for both borrowers and lenders. Those are looking for the best instant loan app to apply for a personal loan.
List of the Top 10 Apps In India 2022
- Fullerton India InstaLoan App
The online loan app from Fullerton India is one of the best apps that allows borrowers to apply for a personal loan with just a few taps. Once applied, borrowers get approval within minutes and get their loan amount disbursed into their bank accounts within 24 hours. The company offers personal loans to cover expenses for varied purposes, including weddings, vacations, home renovation, etc. The app makes the loan processing extremely fast, easy, and 100% paperless. At Fullerton India, borrowers may apply for a personal loan of ₹ 50,000 to ₹ 25 lakhs, with competitive interest rates and a flexible repayment term of 12 to 60 months.
- PaySense Personal Loan App
PaySense is a renowned lender offering personal loans for weddings, education, vacations, home renovation, two-wheeler purchases, credit card bills, or medical emergencies. Through the PaySense personal loan app, borrowers may apply for a personal loan of ₹ 5,000 to ₹ 5,00,000 and get flexible repayment tenure of 3 to 60 months. PaySense is a preferred app among borrowers for its user-friendly interface, flexible EMIs, no collateral requirement, and competitive interest rates.
- Bajaj Finserv Loan App
Bajaj Finserv offers personal loans of ₹ 30,000 to ₹ 25 lakhs with a repayment tenure of 12 to 84 months. Any salaried employee within 21 to 67 years of age is eligible to apply for a personal loan at the Bajaj Finserv loan app and get the loan disbursed into their bank account within 24 hours. The personal loans that the company offers are collateral-free and have no end-use restrictions.
- CASHe Personal Loan App
CASHe offers personal loans of ₹ 1,000 to ₹ 3,00,000 to salaried professionals in India. The CASHe online loan app makes the loan process intuitive, fast, and hassle-free. Their loans are collateral-free with flexible EMI options. The instant loan app allows loan application, approval, and disbursal possible within minutes with no paperwork and zero foreclosure charges.
- LoanTap Personal Loan App
LoanTap, another personal loan app, allows borrowers to apply for an instant loan between Rs 25,000 and Rs 10,00,000. Its most notable features include competitive interest rates, flexible EMIs, no foreclosure charges, ample loan amount, minimal documentation, and fast approval and disbursal. In addition, Ti allows borrowers to quickly register to the app and upload the required documents online.
- SmartCoin Instant Personal Loan App
At the SmartCoin loan app, borrowers may apply for a personal loan of ₹ 4,000 to ₹ 1 lakh. Critical features of applying through the app include fast loan approval and disbursal, minimal documentation requirements, 100% paperless processing, and zero prepayment charges. In addition, SmartCoin’s loan comes with a flexible repayment term of 62 days to one year, along with zero collateral, competitive interest rates, and convenient EMIs.
- Upwards Quick Instant Loan App
Any salaried individual looking for a personal loan of ₹ 20,000 to ₹ 3,00,000 may consider applying at Upwards through their loan app. Applicants with a minimum salary of ₹ 15,000 may avail of a collateral-free instant loan from Upwards and choose a repayment tenure of 6 to 24 months. The most notable features include fast approval, competitive interest rates, quick disbursals, and minimal documentation requirements.
Additional Read: https://allaboutinstantloan.wordpress.com/2021/12/28/your-complete-guide-to-personal-loans/
- MoneyView Personal Loan App
MoneyView offers a user-friendly instant loan app to its customers looking for loans of ₹10,000 to ₹5,00,000. They provide hassle-free documentation, convenient EMIs, and transparent loan processing to make loans easily accessible to eligible candidates.
- EarlySalary Personal Loan and Salary Advance App
EarlySalary offers loans of ₹8,000 to ₹500,000 to their customers through their FinTech platform at the EarlySalary loan app. Borrowers can choose a repayment tenure of 90 days to 24 months, depending on their repayment capacity.
Through the StashFin app, borrowers can avail of a personal loan of ₹1,000 to ₹5,00,000. In addition, the company offers flexible repayment options and competitive interest rates to its customers.
These are some of the top instant loan apps you can rely upon. The key is to understand your requirements and choose a personal loan app that best suits your needs. There are many places to get an instant loan. Compare lenders and make informed decisions. The introduction of loan apps has revolutionized the personal loan market. Online loan apps in India are a great option if you need funds quickly. Hope this article helps you in choosing the right loan app.