The internet has made a lot of things easy for us. One of those things is the changing way of taking a Personal Loan. Before the internet era, we had to wait for at least 2 to 3 weeks to take a loan. But now, there are available at your fingertips if you know where to get them.
It has become possible due to available Instant Personal Loan Apps In India, which are available on the Google play store or the iOS store. If you want to take a loan, they could be an excellent choice. But the question is which apps should you choose for it.
To make it easy for you, we have compiled a shortlist of these apps. Have a look at them, see which one is good as per your requirement, then apply. Let’s start with CASHe loans.
CASHe personal loan
CASHe Personal Loan offers a wide range of loans to meet your financial needs. It does not require collateral or a guarantor to give the loan. The process is simple, transparent, and quick.
- CASHe offers a personal loan of up to Rs. 3 lakhs.
- The rate of interest is a minimum of 2% and a maximum of 3% per month.
- The repayment tenure is up to 1 year.
- The processing fee starts at 2%.
Features of CASHe personal loan
- The loan is approved with the hassled free process.
- A borrower does not require a credit score to apply.
- It needs minimal documents to apply for the loan.
- The loan is instantly disbursed once it is approved.
- The rate of interest is low with a flexible loan tenure.
- There are no foreclosure charges for the loan.
CASHe personal loan eligibility criteria
- Your age should at least 18 years to be eligible.
- Your minimum salary should be at least Rs 15,000 per month.
- You should have a valid bank account.
- You should have an active social media account.
CASHe personal loan documents requirement
- Identity proof – Aadhar card, PAN card,
- Address proof – the electricity bill, driving license, utility bill
- Bank statement and salary slips
How to apply?
Download CASHe personal loan app from Google play store or iOS store. Submit the loan application to apply. Post verification, the loan amount will be disbursed.
Due to its easy process, CASHe is considered one of the best instant personal loan apps in India. Now, we will check out the next lender, LoanTap loans.
LoanTap personal loan
LoanTap Personal Loan is famous due to various reasons like simple application process, unsecured loan, flexible repayment loan tenure, and others. There are also customized loans available if a borrower needs them. It is also one of the top instant persona loan apps in India.
- LoanTap offers a loan amount up to Rs 10 lakhs.
- The personal loan interest rate starts at 15% per annum, going up to 24%.
- The loan tenure is from 6 months to 5 years.
- The processing fee for the loan is up to 2%.
Types of LoanTap personal loans
- Personal overdraft – You get a credit line. Pay the interest rate only for the used amount.
- Holiday loan – A holiday loan for a dream destination.
- Credit card takeover – Settle your existing credit card debt with this loan.
- Rental deposit loan
- Premium bike loan
- Advance salary loan
- Wedding loan
LoanTap personal loan eligibility criteria
- The applicant’s age should be 23 years and 58 years.
- The applicant’s minimum salary should be at least Rs 30,000 per month.
- The applicant should have a minimum of 2 years of working experience.
- The applicant should be a salaried individual working in a reputed company.
Required documents
- Aadhar card
- PAN Card
- Bank statement and salary slips for the last six months
- E-Nach form
How to apply for LoanTap personal loan
Download the LoanTap personal loan app from the Google play store to apply. The process is quick and easy to complete. If you need help with it, contact them at info@loantap.in. Now, let’s check out the next lender.
Qbera personal loan
Qbera is another one of the finest instant personal loan apps in India offering instant loans. Similar to CASHe a personal loan, there is no need for collateral.
- Qbera offers a loan amount from Rs 1 lakh to Rs 15 lakhs.
- The interest rate ranges from 11.99% to 35.99% per annum.
- The processing fee is from 1% to 5% of the loan amount.
- The pre-closure charge is 2.5% interest on the outstanding loan amount.
- The loan tenure is from 1 year to 5 years.
The eligibility criteria for Qbera personal loan
- The applicant’s age should range from 23 years to 55 years.
- The applicant’s minimum salary should be at least Rs 20,000 per month.
- The applicant’s minimum CIBIL score should be at least 625.
Qbera personal loan required documents
- Identity proof- Aadhar card, PAN Card
- Address proof – the electricity bill, utility bill
- Bank statement and salary slip
How to apply?
To apply, Get the Qbera app from the Google play store.
Conclusion
These are the three best instant personal loan app in India; you can check out to get a loan. For a large amount, go with Qbera, and for a small or medium amount, CASHe personal loan is an ideal choice.
