What Are The Top 4 Instant Personal Loan Apps In India?

The online loan application process is best for the user because it has changed the way where people can get funds easily and quickly at low-interest rates. The instant personal loan apps have emerged as a preferred choice for people looking for immediate funds with less paperwork. An individual can avail of a loan amount of as low as Rs. 5,000 up to Rs. 5 lakh through these instant loan apps such as the Money View app, PaySense app, CASHe app, and Credy app.

Top NBFC and lending apps offering instant loans

This is an easy way to get an Instant Cash Loan At Interest Rates as low as 1% per month. Many NBFCs have launched lending apps to offer instant personal loans online. One can easily apply for a loan up to Rs. 5 lakh from any place and any time.

Apps Instant approval Interest rate

PaySense app 2 business hours 18% - 36% p.a.

CASHe app 24 hours 1.75% onwards for a 15-day loan

3.25% onwards for a 30-day loan

2.75% onwards (monthly) for 90

-day loan

2.50% monthly for 180 day loan

Money View app 2 business hours 1.33% - 2% per month

Credy app 1 minute 1% - 1.5% per month

PaySense app- Instant loan provider

PaySense offers instant personal loans with affordable repayment options to the borrowers. As this is not essential to submit any physical documents for the loan app,- the documentation can be uploaded online in the required format and the loan will be approved in a short-time period.

Features of PaySense app

• Borrowers can get loans starting from Rs. 5,000 up to Rs. 2 lakh.

• The loan application through the app can be completed in a few simple steps:

• The applicant has to download and install the PaySense app to check eligibility criteria before applying for the loan.

• Once the loan process is approved, the borrower has to upload the relevant details to complete the KYC process.

• When the loan process is completed, the fund is transferred to the borrower’s account.

• The lender offers easy repayment plans and an auto-debit facility for EMIs.

CASHe app- short term personal loan provider

CASHe short-term personal loan app offers loans through a predictive algorithm process which is referred to as the Social Loan Quotient (SLQ). SLQ assesses the credit profile of individuals based on a system that is much different from the existing methods offered by leading banks and NBFCs.

Key features and benefits of CASHe app

• Individuals can get loans starting from Rs. 10,000 up to Rs. 2 lakh.

• The CASHe app makes the loan application process hassle-free.

• The loan will be disbursed into the account of the borrower in a few minutes.

• The loan repayment can be done through cheque deposits or bank transfers.

Money View app- Instant personal loan provider

Money View instant personal loan app offers urgent loans to customers from anywhere in India. The loans can be applied easily with its paperless process. It enables people with low credit scores to get loans.

Features of Money View app

• Borrowers can get loans between Rs. 10,000 up to Rs. 5 lakh.

• This loan application process is simple and convenient.

• The user will get approval within 2 minutes.

• Approval within 24 hours.

Credy app- Advance salary loan provider

Credy app provides instant personal loans to the users where the money reaches your account within 48 hours. Instant approval in 1 minute is the key highlight of the Credy loan. This online process reduces several costs when compared to traditional lenders.

Key features of the Credy app

• Borrowers can get loans up to Rs. 1 lakh

• This app allows the borrowers to repay the loan early after the first EMI is paid.

• This app offers minimal fees associated with the loan.

• Customers having low CIBIL scores can also avail of loans through the Credy app.

Conclusion

These are some of the Best Instant Loan Apps for individuals looking for urgent liquid cash to meet unforeseen expenses. You can compare rates and other terms by all lenders to select the one that suits your needs.