Are you facing a financial emergency and need immediate funds? Instant personal loan apps in India have made it easier than ever to access quick funds. Here’s a comprehensive guide to India’s top 8 instant personal loan apps, features, benefits, and eligibility criteria.
What are Instant Personal Loan Apps?
Instant personal loan apps provide short-term loans to individuals needing urgent funds. These apps offer a hassle-free, paperless, and digital process, eliminating the need for traditional banking procedures.
Top 8 Instant Personal Loan Apps in India
1. Paytm Money
– Loan amount: ₹10,000 – ₹2 lakhs
– Interest rate: 12% – 30% p.a.
– Tenure: 3 – 36 months
– Eligibility: Age 21-60, income ₹15,000/month
2. LazyPay
– Loan amount: ₹10,000 – ₹1 lakh
– Interest rate: 15% – 32% p.a.
– Tenure: 3 – 24 months
– Eligibility: Age 21-55, income ₹15,000/month
3. KreditBee
– Loan amount: ₹10,000 – ₹2 lakhs
– Interest rate: 12% – 30% p.a.
– Tenure: 3 – 36 months
– Eligibility: Age 21-60, income ₹15,000/month
4. MoneyView
– Loan amount: ₹10,000 – ₹5 lakhs
– Interest rate: 12% – 36% p.a.
– Tenure: 3 – 60 months
– Eligibility: Age 21-57, income ₹15,000/month
5. Dhani
– Loan amount: ₹10,000 – ₹15 lakhs
– Interest rate: 12% – 36% p.a.
– Tenure: 3 – 72 months
– Eligibility: Age 21-60, income ₹15,000/month
6. EarlySalary
– Loan amount: ₹8,000 – ₹5 lakhs
– Interest rate: 18% – 30% p.a.
– Tenure: 3 – 24 months
– Eligibility: Age 21-55, income ₹15,000/month
7. CASHe
– Loan amount: ₹10,000 – ₹3 lakhs
– Interest rate: 12% – 36% p.a.
– Tenure: 3 – 36 months
– Eligibility: Age 21-60, income ₹15,000/month
8. Navi
– Loan amount: ₹10,000 – ₹5 lakhs
– Interest rate: 12% – 36% p.a.
– Tenure: 3 – 60 months
– Eligibility: Age 21-57, income ₹15,000/month
Benefits of Instant Personal Loan Apps
– Quick disbursal of funds
– Minimal documentation
– Flexible repayment options
– No collateral required
– Convenient online process
Eligibility Criteria
– Age: 21-60 years
– Income: ₹15,000/month
– Employment: Salaried or self-employed
– Credit score: 600+
– KYC documents: Aadhaar, PAN, address proof
How to Apply
– Download the app
– Register with basic details
– Upload KYC documents
– Fill out the loan application
– Receive approval and disbursal
Conclusion
Instant personal loan apps have revolutionized the lending landscape in India. With their easy-to-use interfaces, minimal documentation, and quick disbursal, these apps provide a convenient solution for urgent financial needs.
