It is a common scenario in the life of a salaried professional in India to face cash crunches that requires urgent attention. You may have faced many occasions in life when you don’t have money and still, you need to pay some urgent bills. What’s the way out?
Thus, instead of borrowing from your friends and family, which can be embarrassing for many of us, it is better to avail a hassle-free instant personal loan. We are living in a digital age where almost everything is available at the click of a button.
Hence, you can also go ahead and avail an instant loan right on your phone. Yes, we are talking about online loan app offered by leading lenders these days.
You can download them on your smartphone, authenticate with some personal, and income details and get quick money super easy.
In the same context, here is a list of four best loan app in India to help you offer the much-needed cash quickly. Have a look on it:-
- Bajaj Finserv App
Bajaj Finserv is a leading non-banking finance company (NBFC), which has always been a pioneer in introducing innovations in the finance industry. Now, it is offering its online loan app facility, which you can download on your mobile phone. You can apply for an online personal loan of up to Rs.25 lakh on the app. You can even get the approval in 5 minutes and money in your bank within 24 hours. You can also pay online EMIs, check pre-approved loan offers, view loan status and download statements and more.
EarlySalary is a Pune-based fintech startup launched in 2015. You can apply for a loan amount from Rs.1,000 to Rs. 10 lakh as per the eligibility in your bank accounts. You can also repay the loan via EMI ranging between 7 days and 50 days.
MoneyTap is yet another instant personal loan app based out of Bengaluru started in 2015. The digital platform offers instant personal loans ranging from Rs.3,000 to Rs.5 lakh without requiring any collateral, security or guarantors. You can also repay the availed loan over EMI tenor ranging from 2 months to 3 years.
CASHe is another leading instant personal loan app founded in 2016 in Mumbai. The app uses a proprietary algorithm known as the Social Loan Quotient. It is used to create a credit profile for young salaried people by levering social media platforms to facilitate quick money disbursal. It can help you borrow between Rs.10,000 and Rs.2 lakh for a tenor ranging between 15 to 180 days.
When it comes to best loan app in India, there has been a mushrooming of such types of loans to cater to your needs.
However, only a few have been a success and especially those not requiring any collateral and documents from borrowers.