Unsecured Personal Loans are an extremely attractive and convenient fund option in times of urgent cash requirements. These loans have a quick processing speed and do not require a lot of paperwork or multiple branch visits. The integration of technology with the financial industry has drastically changed the way it works. Today, purchasing anything from groceries to second-hand cars is possible from home. Similarly, one can avail of an easy and fast Personal Loan in India.
Several loan apps make the application and disbursal easier and more convenient for aspiring borrowers. They help people apply online from their smartphone and the loan amount is credited to the applicant’s bank account.
Here, we shall discuss eight amazing apps in India that loan-seekers can download on their smartphones and avail of instant Personal Loans.
- Fullerton India
Fullerton InstaLoan is the best and most convenient option for a Personal Loan for salaried and self-employed professionals. The app has a user-friendly interface and approves and disburses loans in minutes. Its best features are hassle-free documentation and basic eligibility requirements.
Maximum loan amount: ₹ 25 Lakh
- IDFC FIRST
Those looking for a large loan amount can try the IDFC First app. The application process is quick and straightforward, and the loan amount gets approved within minutes. The repayment terms are flexible, as borrowers may pay off their loan in EMIs within 1-5 years.
Maximum Loan Amount: ₹40 Lakhs
- PaySense
PaySense is another option, providing small-size loans to salaried and self-employed individuals. The minimum income requirement is just ₹18,000 for salaried and ₹ 20,000 for self-employed individuals.
Maximum loan amount: ₹5 Lakh
- Bajaj Finserv
A popular option in the personal financing sector, Bajaj Finserv has been operational in India for over a decade. It offers various features and benefits. Loan-seekers can borrow a decent amount with the Bajaj Finserv loan app without pledging collateral.
Maximum Loan Amount: ₹25 Lakh
- Dhani
Dhani is a loan app offering Personal Loans in India. The app lets loan seekers apply for a loan for any reason, anytime, and anywhere. Without any physical documentation, aspiring borrowers can get unsecured Personal Loans in no time. All they must do is install the app and provide their Aadhaar number, PAN number, and residential address. Once verified, the app disburses the loan amount directly into the applicant’s bank account in minutes. The borrowers may pay off the loan in 3 to 36 months according to their repayment capacity.
Maximum Loan Amount: ₹15 Lakh
- CASHe
CASHe is an excellent way to obtain small funds during medical emergencies or other financial crises. Find the app easily on Google Play Store or Apple Store, download it on a smartphone, and upload the required documents. Once approved, the borrower receives the loan amount in their account in a few minutes. If desired, they can transfer a part of the loan amount to their Paytm Wallet.
Maximum Loan Amount: ₹4 Lakh
- EarlySalary
Those who often find themselves out of cash in the middle of the month can get financial coverage from EarlySalary. Salaried employees can obtain an instant loan of up to ₹ 5 Lakh for their needs. The Pune-based fintech allows repayment in EMIs in 24 months.
Maximum Loan Amount: ₹5 Lakhs
- IndiaLends
IndiaLends is a premium lending app in India offering low-interest loans to eligible applicants. The app also helps individuals check credit scores by uploading their PAN, helping them select their instant loans.
Maximum Loan Amount: ₹50 Lakh
The Personal Loans platform is now more convenient for borrowers. Personal Loan apps ensure easy and fast cash loan availability. Getting an instant loan was never easier, as the best app download makes them readily available for eligible applicants. Get the best app from the options given here and research well to make an informed loan decision.
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