Which are the Best Instant Loan Apps in India? | Innovation Chasers
Instant Loan Apps: As you grow big, needs grow bigger! With the growing needs, you need more money. But sometimes, the situation demands a bulk amount all at once. In that case, either you ask for help from others or seek a personal loan.
Do you think getting personal loans is that easy?
Well, earlier, it would have been a cumbersome and time taking job. However, with the advent of digital platforms, it has become much easier. There are numerous loan apps available online which help you get the money as quickly as possible.
Top five Instant Loan Apps for hassle-free personal loans
The traditional mode of applying for a loan is a long and consuming process. Whereas lending money from private lenders is known to get you high interest rates. In this scenario, you can take help from top five online loan apps and get your loan applied easily.
These loan apps are easy-to-use with simple UI (user interface). Even if you are not tech-savvy, you can use the app without any hassle and apply for a personal loan.
However, all apps have different approval time and disbursement rate. The rate of interest being charged for personal loans may also differ. Therefore, read about all the loan apps carefully and download your favorite one.
Money View Instant Loan Apps is a complete solution for getting personal loans online as well as money management. The app can disburse a loan amount of 5 lakhs instantly with minimal interest starting from 1.13% per month.
Features of MoneyView
Bajaj Finserv App
The arrival of the Bajaj Finserv application eased the pain of the money-lending process and allowed the freedom of taking easy loans. Millions of people associated with Bajaj Finserv can prove its worth on one call. The app allowed common men to buy and shop with the freedom of stress-free EMI options.
From personal loans to consumer goods, you can get any of these anytime of the day. But for that, you need to apply for a Bajaj Finserv EMI network card.
Features of Bajaj Finserv
Dhani App
Dhani is an on-the-go money disbursement app with several reward programs for loyal users. The app does not only lend money for immediate money needs but also has a much-awaited feature – Credit Line. This feature helps its users shop online through the Dhani loan app and pay later through EMIs.
This stylish feature takes a few minutes for set-up, and you get a digital card for the online transaction. You can use this card as a debit/credit card, depending upon the need. The repayment can be done by converting the whole amount into flexible EMIs.
Features of Dhani
KreditBee App
KreditBee Instant Loan Apps targets young professionals who have a stable monthly salary. The young professional with the need for a quick loan can apply here without any collateral. The app says to give up to INR 2 lakhs as a personal loan that is directly sent to the registered bank account.
There are three types of loans provided by KreditBee, 1) Salaries People Personal Loan, 2) Flexi Personal Loan, and 3) Online Purchase Loan.
Features of KreditBee
PaySense App
PaySense is a little different app than others because it considers both salaried as well as self-employed folks. A person can apply for a loan of INR 5000 to INR 5 lakh without giving any collateral. In fact, the application even allows you to choose auto-debit options for secure and timely EMIs.
So, with these five digital Instant Loan Apps, this blog comes to an end for now. These five applications are the most chosen ones and beneficial in getting quick personal loans. However, you need to check your CIBIL score and eligibility before applying with any one of these. Stay well-informed, and stay safe!!