The Best Lenders To Get Instant Personal Loan For An Emergency?
- apoorv chaudhary
- Feb 9, 2021
- 3 min read
When something unexpected happens, the first thing a person worries about is money. There could be a need for a small amount of money or large depending upon the situation. In these types of problems, the best and fastest way to get money by applying for an instant loan.
However, the biggest question is which lender you should choose. Because if you select a wrong lender or, worse, a fake lender. You may lose money rather than getting it. So, here are some personal loan lenders to help you out.
Indiabulls personal loan
Indiabulls instant personal loan is famous for offering loans to salaried individuals and self-employed professionals. It has a dedicated app available on the Google play store as well as on its website.
Indiabulls offers a loan amount from Rs 1,000 to Rs 15 lakhs.
The rate of interest starts at 13.99% per annum.
The processing fee starts at 3%.
The loan repayment tenure is from 1 year to 5 years.
The loan cancellation charge is Rs 3000.
The loan rebooking charge is Rs 1500.
The late payment penalty is 3% per month.
The duplicate repayment schedule charge is Rs 500.
The eligibility criteria
The applicant should be a salaried individual or self-employed professional.
The applicant's age should be between 21 years and 60 years.
The applicant's salary should be at least Rs 25,000 per month.
The applicant should have a minimum of 2 years of work experience.
To apply, You can download the Indiabulls app from the Google play store. There are also customized loans such as education loans, wedding loans, and medical loans in case you need them.
FlexSalary personal loan
FlexSalary personal loan is an NBFC registered with RBI. The lender wanted to focus on unsecured loans for retail consumers. It has disbursed more than 35,000 loans in less than 2 years.
FlexSalary offers loan amounts up to Rs 2 lakhs.
The rate of interest is up to 35% per annum.
The loan tenure is up to 3 years.
The processing fee is up to Rs 650.
Types of FlexSalary instant loans
Personal loan
Travel loans
Executive education loans
Debt consolidation loans
The eligibility criteria for FlexSalary loan
The applicant should be an Indian citizen.
The applicant should be a salaried individual.
The applicant's minimum age should be at least 21 years of age.
The applicant's minimum salary should be at least Rs 8,000 per month.
To apply for a FlexSalary personal loan, download its app from the Google play store. The loan is disbursed as soon as it is disbursed. Compared to Indiabull's personal loan, the interest rate is higher.
CASHe instant personal loan
CASHe personal loan always focuses on offering short term loans to salaried individuals. The app is registered under Bhanix finance; an RBI registered NBFC (Non- Banking Finance company).
CASHe offers a personal loan from RS 9000 to Rs 3 lakhs.
The rate of interest is from 2% to 3% per month.
The late payment fee is 3%, including a 7 day grace period.
The loan tenure repayment is from 60 days to 1 year.
The processing fee is 2% to 3% of the loan amount. The maximum charge is Rs 1500.
The eligibility criteria for CASHe personal loan
The applicant's age should be a minimum of 18 years.
The applicant's salary should be at least Rs 15,000 per month.
The applicant should have an active bank account.
The applicant should have a social media account.
Download the CASHe app from the Google play store to apply for the loan. If you need any help or have a query, contact them at support@cashe.co.in.
Conclusion
These are three instant loan apps to apply for a personal loan. Indiabulls' personal loans obviously offer a higher loan amount among them. However, it is up to you to choose one of them as per your financial requirement.
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