Some situations in life are unpredictable, for example a severe health condition, an urgent trip, or a repair in the house. Having ready cash during such times can be a lifesaver, and this is why many people consider having a rainy-day fund. That is where instant personal loan applications come in handy to help you deal with in what could, otherwise be a very difficult situation. These apps have revolutionized the way that we get credit due to their instant disbursals, minimum paperwork, and affordable interest rates. These apps ensure that an unforeseen financial obstacle does not become a significant issue, whether it is an emergency or a need for money for a significant event.
Follow us as we take you through the ten best apps in India that could fetch you the money you need.
- Bajaj Markets App: The reason it is no. 1 is because the Bajaj Markets App is your one-stop-shop for instant personal loan needs because it offers one of the largest instant loan amounts, multiple repayment options, and option to compare.
- Loan Amount: For sum up to ₹50 Lakhs*
- Interest Rates: Beginning at 9. 99% p. a.*
- Tenure: Up to 96 months*
- Features: Choose from 15+ lenders, low documentation, fast approval, and funds disbursal.
- Money Tap: Money Tap has a credit line feature that enables the customers to borrow money at a go without having to apply for a new credit line every time.
- Loan Amount: Up to Rs 5 lakhs
- Interest Rates: Beginning with 13% per annum.
- Tenure: This is up to 36 months.
- Features: Credit line feature, instant approvals, low paperwork.
- Dhani: The major advantage of Dhani is that it does not require credit score, which is a plus for many people.
- Loan Amount: Up to 15 LPA
- Interest Rates: Beginning with 12% per annum.
- Tenure: Up to 36 months
- Features: No credit check, fast approval of loans, and fewer papers to submit.
- Pay Sense: Pay Sense is flexible in EMI options and the borrowers can select the EMI plan they want to opt for.
- Loan Amount: Up to 5 lakh
- Interest Rates: Beginning from 10. 99% p. a.
- Tenure: Up to 60 months
- Features: Easy and flexible EMIs, no documentation and instant approval.
- CASHe: CASHe employs a social instant loan quotient instead of the standard credit scores, which makes it possible to evaluate credit differently.
- Loan Amount: Up to 3 Lakh
- Interest Rates: Beginning with 12% per annum.
- Tenure: Up to 12 months
- Features: Socionomic loan Q for creditworthiness, instant personal loan release.
- NIRA: NIRA aims at targeting people with low credit scores or no scores at all, which makes it a good company for first-time borrowers.
- Loan Amount: The amount of up to ₹1 Lakh
- Interest Rates: Beginning at 24% p. a.
- Tenure: Up to 1 year
- Features: No credit check, quick approval, documents not necessary.
- KreditBee: KreditBee is also famous for its easy-to-use app and fast approval, which is perfect for emergency situations.
- Loan Amount: Up to 2 Lakhs
- Interest Rates: Beginning with 15% per annum.
- Tenure: Up to 24 months
- Features: Fast approval of the loan, fewer papers.
- FlexSalary: FlexSalary provides only one credit line through which users can access cash as and when they need it without having to apply for credit again.
- Loan Amount: Up to 2 lakhs
- Interest Rates: Beginning from an interest rate of 18% per annum.
- Tenure: Up to 24 months
- Features: Single credit limit, instant disbursal, low paperwork.
- LazyPay: The main advantage of LazyPay is the fast approval and the freedom of choosing the repayment schedule for the short-term credit.
- Loan Amount: Up to 1 Lakh Rupees
- Interest Rates: Beginning with a rate of 15% per annum.
- Tenure: Up to 24 months
- Features: Easy to obtain, less paperwork, and easy to repay.
- EarlySalary: Salaried people can benefit from EarlySalary’s salary advance feature since it provides instant solutions to their cash flow problems.
- Loan Amount: Up to 5 Lakhs
- Interest Rates: Beginning from an interest rate of 18% per annum.
- Tenure: Up to 1 year
- Features: Instant cash, low paperwork, salary advance.
These apps offer numerous features based on different financial situations and needs of the user. These top 10 applications can assist you in emergency financial situations regardless of your interest in big amounts of money, low interest rates, or flexible payback options.
