Personal loan market has been growing rapidly for a couple of years. Unlimited people are applying for a personal loan to meet their short-term financial needs. The reasons behind increase in personal loan applications are easy to access while having a user-friendly process, attractive rates as well as multiple lenders with attractive offers.
Personal loan and instant personal loans are similar in nature but the difference lies in the flexible loan processing terms which is offered by instant personal loan apps. Tons of instant personal loan lenders have gained immense popularity in the past decades among masses due to their offering of funds without much paperwork and faster processes. The features and guidelines laid out are linient and assists borrowers during their urgent needs of funds.
If you’re looking for instant funds to meet the needs of your business, then, you can check some of the best instant personal loan lenders such as Kreditbee, Cashbean, Cashe, NIRA, and Axis Finance for a short-term loan with attractive rates, flexible loan amounts, and short repayment tenure. You can get an instant personal loan with flexible eligibility criteria in few easy steps through online personal loan lending apps. Listed below are features and benefits of few instant online lending apps for you to choose from.
- Kreditbee App:
Kreditbee is web-based lenders that provide personal loans to the financial needs of young professionals. Kreditbee is a mobile application that is entirely driven by technology where you can get the credit approved in minutes if it satisfies the eligibility criteria. Download Kreditbee instant personal loan application to get a personal loan from Rs. 1,000 up to Rs. 2,00,000 at 1.02% per month interest rate.
Features and Benefits of Kreditbee instant personal loan:
- Kreditbee does not require any credit history of borrowers to avail funds.
- The procedure of getting an instant personal loan from Kreditbee is end-to-end digital.
- The process is 100% online.
- The services are available in all major Indian cities.
- Minimal details like name, age, mobile number, financial information, address, etc.is required to get a instant personal loan from KreditBee.
- Small loan amount starting from as low as Rs. 1,000.
- Attractive interest rates starting from 1.02% per month.
Eligibility criteria
Eligibility criteria for an instant personal loan at Kreditbee are very simple. Here are some requirements to submit for Kreditbee personal loan:
- Individuals applying for instant personal loans from Kreditbee should be aged between 21 to 45 years.
- Monthly salary should be at least Rs. 15,000 per month
- Should have a valid address proof: Adhar Card/ Voter Card/ Utility bill/ Driving License or Passport.
- Latest salary slips
- Must have a bank account
- Have a Google+ /Facebook /LinkedIn account
- Cashbean App:
Cashbean is a popular short-term personal loan lender. By using this application, you can get an instant personal loan from Rs. 1,500 to Rs. 60,000. It adopts advanced digital procedures, that processes the loan application with minimal documentation. You can easily download the app fir free from Google Play store and get the credit approved in minutes with attractive interest rates, starting from 2.75% per month, once it meets the required eligibility criteria.
Benefits of Cashbean personal loan:
- Very flexible loan tenure from 3 months to 12 months.
- Minimal instant personal loan amount availability starting from as low as Rs. 1,500.
- Disbursal within hours after fulfilling the eligibility criteria.
Eligibility criteria:
You need to meet the following requirements to get a short-term personal loan using Cashbean app.
- Age of the borrower: Any Indian citizen between the age of 21 years to 56 years.
- Occupation: Salaried or self-employed
- Income: Minimum regular income of Rs. 15,000.
- Cashe App:
Cashe is one of the most popular online lending apps that offers short-term to medium term, customized loan products to different types of borrowers like self-employed and salaried individuals. Cashe personal loan offers various products like cash loans, salary advances, and instant loans for borrowers. Interest rate applicable on an instant personal loan via Cashe app ranges up to 1.50% per month.
Benefits
- Short-term personal loan from Rs. 10, 000 and up to Rs. 2,00,000.
- You can get an instant personal loan without a credit score.
- Instant loan approval and disbursal process with end to end technological integration.
Eligibility criteria:
- Citizenship: Resident of India
- Age limit: From 23 years to 58 years.
- Income: Salaried and self-employed individuals must have a minimum regular income of Rs. 15,000 per month respectively.
- Tenure: From 15 days to 6 months.
- NIRA App:
NIRA personal app offers instant loan for a wide range of financial needs of the borrowers. From application, documentation to disbursal and repayment, the entire process is app-based. NIRA short-term loan app can be used to get an unsecured instant loan from Rs. 5,000 to Rs. 1 Lakh. The rate of interest starts from1.6% to 2.25%per month. NIRA instant personal loan can be obtained for a flexible term ranging from 3 months to 12 months.
Benefits of NIRA personal loan:
Here are the benefits you can enjoy using NIRA personal loan app:
- Check your eligibility in only two minutes.
- Get a personal loan in a few hours.
- The loan amount of the app starts from Rs. 5,000 and goes as high as Rs. 1 lakh depending on your requirement.
- Driven entirely by technology from application to repayment.
- Easily downloading from play store for .
- Provides 24*7 customer care service.
Eligibility criteria:
- Any Indian citizen aged between 21 years to 55 years can apply for NIRA personal loans.
- Individual should be self-employed or salaried
- An individual must have a minimum regular income of Rs.12,000 per month.
- NIRA lending app does not require any credit history of borrowers to lend the loan
- Axis Finance App :
Axis Finance is one of the instant personal loan provider apps. It offers short-term to medium-term loan products to different types of borrowers like salaried individuals, self-employed people. Axis Finance instant personal loan disbursal process is completely transparent. Leveraging state-of-the-art technologies, it disburses loans within hours of application on meeting the required eligibility criteria.
Eligibility Criteria:
Individuals who can avail Axis Finance instant personal loan:
- Salaried employees
- Borrowers age should be between 21 years to 60 years.
- Monthly income: minimum Rs. 15,000.
- Should opt for the EMI (Equated Monthly Installment) facility.
- Tenure: Repayment tenure from anywhere between 12 months to 60 months.
The described apps offer short-term personal loans for individuals looking for instant financial help for business. Individuals can choose between any of the lenders offerings instant personal loans through apps like Kreditbee, Cashbean, Cashe, NIRA, and Axis Finance.. You can compare and select the loan that works for you.
