Instant loan apps work like little banks in your pocket, allowing you to get credit quickly in the event of a financial emergency. You can acquire immediate loan approval by using online instant loan apps and filling out an entirely online application. It has been searched and compiled a list of the top instant loan applications in India for 2021, which you can use for personal and emergency costs like medical bills, weddings, house renovations, travel, mobile phone purchases, and bike purchases.
Best Instant Loan app in India
Listed are the best instant loan apps in India that help the user to avail the loan at a low-interest rate:
MoneyTap Personal Loan
- MoneyTap provides a fast loan for amounts ranging from Rs. 3000 to Rs. 5 lakhs. You can use the loan amount by paying a modest monthly interest rate of 1.08%.
- MoneyTap loans include both a loan and a credit card that you can use for the duration of the loan, which runs from 2 to 36 months.
- The best aspect is that you just have to pay for the funds that have been sent to your bank account.
- You must be between the ages of 23 and 55 and earn a monthly salary of Rs. 30,000 to qualify for an immediate loan.
India lends Instant Loan App
- India lends, in partnership with more than 50 banks and NBFCs, provides immediate tailored personal loans of up to Rs. 50 lakhs with terms ranging from one to five years.
- India lends charges interest rates ranging from 10.75% to 25%, depending on your credit and risk profile.
- The loan is available to both salaried and self-employed individuals earning a monthly salary of Rs. 15,000 or more. However, India Lends requires at least 6 months of salaried experience and 3 years of self-employment experience.
KreditBee Instant Loan App
- KreditBee offers quick loans ranging from Rs. 1000 to Rs. 2 lakhs for a duration of 62 days to 15 months.
- KreditBee offers loans in the following categories: “Flexi Personal Loan,” “Personal Loan for Salaried,” and “Online Purchase Loan.” You’ll have to pay interest rates ranging from 0% to 29.95% depending on the loan type and risk profile.
- If you return your current loan on time, KreditBee gives you access to bigger sums and longer terms for your next loan.
NIRA Personal Loan App
- In only a few minutes, you can acquire a personal loan from NIRA to pay for medical expenditures, rental deposits, weddings, bills, and other expenses.
- You can apply for a loan of as little as Rs. 2,500 and as much as Rs. 100,000, with a 12-month repayment period.
- When applying for a personal loan, you must provide your Aadhar and PAN numbers, as well as a selfie. To be eligible, you must earn a minimum of Rs.12,000 each month.
MoneyView Personal Loan App
- Money View provides personal loans in the range of Rs. 10,000 to Rs. 5 lakhs in as little as 2 hours.
- The interest rate could range from 16% to 36%, depending on the loan amount and repayment period. The loan term extends from three to five years.
- Aside from personal loans, the app has a sophisticated money manager to assist you with budgeting and cost tracking.
- Money View, on the other hand, charges a high processing fee that ranges from 2.5% to 4% of the loan amount.
Realme PaySa Personal Loan App
- PaySa is a smartphone maker of Realme’s digital lending app.
- The app also combines with EarlySalary to provide salaried customers with quick Personal Loans.
- It provides a maximum loan amount of up to Rs. 40 lakhs.
- The user will get tenure of 3 months to 60 months.
- He/she can get an interest rate starting from 11% p.a. onwards.
- Fee for processing: up to 4% of the loan amount + GST.
Smart Coin Personal Loan App
- Smart Coin provides small-dollar personal loans to meet all of your short-term cash demands. The loans are available in amounts ranging from Rs. 1000 to Rs. 25,000.
- To apply for a loan, you must first download the app and fill up your personal information before uploading your PAN, address proof, and bank statement, as well as taking a photo.
- A minimum monthly salary of Rs. 15,000 is required for a Smart Coin personal loan.
- This implies you should only take a personal loan from the “Smart Coin” if you will be able to repay the loan within the following six months.
Conclusion
The main aim of Online Instant personal loans is to fulfill the financial needs of the users. One can easily get a personal loan at low-interest rates. If you need complete details of the best instant loan apps in this article where you can compare and select one and get multiple benefits. You can also avail of the loan at Afinoz.com.
