Here is information about 5 top instant loan apps which can help you in taking instant loan
1. MoneyTap
- Loan Amount: ₹3,000 to ₹5,00,000.
- Interest Rate: 13% to 24% per annum.
- Tenure: 2 months to 36 months.
- Features: MoneyTap provides you flexible loan options, like you can choose the loan amount as per your requirement. You also get a credit line in this app which you can use anytime.
- Eligibility: You should have a minimum monthly income of ₹20,000 and should be between 21 to 55 years of age.
Download App From Google Play Store or App Store
2. PaySense
- Loan Amount: ₹5,000 to ₹5,00,000.
- Interest Rate: 18% to 36% per annum.
- Tenure: 3 months to 60 months.
- Features: PaySense has a simple interface and offers flexible terms for personal loans and EMI options. Your loan process is online and you get instant approval.
- Eligibility: You must have a stable income and be between 21 and 60 years of age.
Download App From Google Play Store or App Store
3. CASHe
- Loan Amount: ₹1,000 to ₹3,00,000.
- Interest Rate: 18% to 36% per annum.
- Tenure: 15 days to 90 days.
- Features: CASHe app is best for salary earners, it offers instant short-term loans. This app also considers your social score, which impacts your loan eligibility.
- Eligibility: You should be between 23 to 58 years of age, and should have a minimum monthly income of ₹15,000.
Download App From Google Play Store or App Store
4. KreditBee
- Loan Amount: ₹1,000 to ₹2,00,000.
- Interest Rate: 15% to 30% per annum.
- Tenure: 2 months to 12 months.
- Features: KreditBee provides you with instant personal loans and short-term loan options, which can be useful to cover your urgent expenses. Loan approval is instant and using the app is very easy.
- Eligibility: You should be between 21 to 50 years of age, and should have a minimum monthly income of ₹18,000.
Download App From Google Play Store or App Store
5. Indiabulls Dhani
- Loan Amount: ₹1,000 to ₹15,00,000.
- Interest Rate: 14% to 29% per annum.
- Tenure: 3 months to 36 months.
- Features: Indiabulls Dhani app offers you instant personal loans, medical loans, and cash loans. This app also provides you loan service offline. This app also gives loans with instant approval and easy EMI options.
- Eligibility: You should be between 21 to 60 years of age and have a regular income source.
Download App From Google Play Store or App Store
6. ZestMoney
- Loan Amount: ₹1,000 to ₹2 Lakh
- Approval Time: Instant (within minutes)
- Repayment Period: 3 months to 12 months
- Features:
- Instant approval and disbursement
- Interest-free EMIs for some purchases
- Transparent terms and no hidden charges
- ZestMoney primarily focuses on offering EMI financing for online shopping purchases, making it an excellent option if you want to buy goods and pay in installments.
Download App From Google Play Store or App Store
7. Navi Loan
- Loan Amount: ₹1,000 to ₹20 Lakh
- Approval Time: Instant approval (within minutes)
- Repayment Period: 3 months to 60 months
- Interest Rate: 9% to 36% (depending on loan amount and tenure)
- Eligibility: Minimum age 21 years, employed or self-employed individuals, and a good credit score
- Features:
- Instant loan disbursement
- Minimal documentation
- Quick approval process
- Transparent terms and conditions
Download App From Google Play Store or App Store
8. Lendingkart
- Lendingkart is a popular business loan app, but it also offers personal loans. If you need a personal loan for emergency needs, this app can be useful.
- Loan Amount: ₹1 Lakh to ₹50 Lakh
- Repayment Period: 3 months to 36 months
- Features: Instant loan processing, low-interest rates, minimal documentation
Download App From Google Play Store or App Store
9. Bajaj Finserv
- Bajaj Finserv is a trusted financial service provider that offers personal loans, consumer durable loans, and business loans. You can take quick personal loan through this app without any paperwork.
- Loan Amount: ₹1,000 to ₹25 Lakh
- Repayment Period: 12 months to 60 months
- Features: Fast approval, minimal documentation, flexible repayment options
Download App From Google Play Store or App Store
Important Notes:
- Interest Rates: The interest rate of every app is different, so it is important to understand your repayment capabilities carefully before taking a loan.
- Processing Fees: Some apps also charge processing fees, which is based on the percentage of loan amount.
- Repayment: The repayment tenure of the loan is different, so take the decision of taking a loan keeping in view your budget.
You should carefully read the terms and conditions of these apps before taking a loan, so that you do not have to face any unexpected charges.