When people are looking for instant funds to meet the business and their personal needs, they choose some of the best loan apps. However, the traditional banks take a long time to approve personal loan applications The reasons behind the increase in personal loan apps are easy to access, user-friendly process, attractive rates and multiple offers
Now in this technology prone zone, a number of instant personal loan apps have become popular. They offer many benefits like- customized loans, online personal loans, online credit cards, instant loans without document, 24*7 tracking, and low-interest rates. You can avail a personal loan to meet several personal financial needs including medical emergencies, buying a house or car, wedding expenses, dream vacation, big-ticket purchases, etc.
In this whole financial setup, multiple online instant personal loan apps are offering a personal loan to the borrower within 1-hour. As there are a number of apps in the market. Here are some of the 5 best personal loans such as PaySense, CASHe, Dhani, MoneyTap, and Home Credit.
PaySense app
Paysense is an app-based lender that caters to the financial needs of the borrowers to get an instant personal loan. PaySense has a partnership with leading institutions like IIFL and Fullerton for disbursal of personal loans. You can get a personal loan from as low as Rs. 5,000 to Rs. 5 Lakh using PaySense app. It offers various products like cash loans, salary advances, and instant loans. The interest rate applicable on a personal loan via PaySense app ranges from 1.4% to 2.33% per month.
Features and benefits of PaySense App
- Small-ticket loan from Rs. 5,000 and up to Rs. 5 Lakh.
- EMIs are quite affordable.
- You don’t need any credit history.
CASHe app
CASHe is an app-based lender that caters to the financial needs of young professionals without
credit score. CASHe extends instant personal loans in association with Bhanix Finance and
Investment Limited, a financial institution. Download CASHe personal loan app to get a personal
loan from Rs. 9,000 to 3 lakh at 2.75% per month interest rate.
Benefits of CASHe personal loan
- CASHe doesn’t use a credit score to determine the eligibility of borrowers. It considers the SLQ (Social Loan Quotient) to offer a loan.
- The procedure of getting a personal loan from CASHe is end-to-end digital. You can apply for the loan with some clicks from the comfort of your home.
- Instant personal loan in a few hours.
- Minimal details like name, age, mobile number, financial information, address, etc. required
to get a personal loan.
- Small loan amount starting from as low as Rs. 9,000.
- Attractive interest rates starting from 2.75% per month.
- Multiple repayment methods and flexible tenure ranging from 60, 90, 180 days to 1 year.
Indiabulls Dhani app
Indiabulls Dhani is one of the best personal loan apps that offers a small-ticket personal loan. It is backed by Indiabull ventures where borrowers get an unsecured instant personal loan by using this app. It adopts advanced digital procedures that processes the loan application with minimal documentation. Download the Dhani app to apply for a personal loan for attractive interest rates starting from 13.99%.
Benefits of Indiabulls personal loan
- Disbursal within minutes.
- Very flexible loan tenure from 3 months to 72 months.
- Minimal personal loan starting from as low as Rs. 1,000.
- Maximum personal loan up to Rs. 15 lakh is available online.
MoneyTap app
MoneyTap is a personal loan app that provides short to medium-term loan products to different types of borrowers. Both salaried professionals and self-employed individuals alike can get a personal loan through this app. One can easily download the MoneyTap app and submit the necessary documents. MoneyTap has partnered with leading NBFCs in India and currently serves Bangalore, Mumbai, NCR, Hyderabad, and more cities in India. The loan amount is Rs. 3,000 up to Rs. 5,00,000.
Benefits of MoneyTap personal loan
- Check your pre-approved loan amount.
- Very low rejection rate of loan applications.
- Maximum loan amount offered is Rs. 5 lakhs.
- Best is class customer service.
Home Credit app
Home Credit is one of the most popular online lending apps. It operates in over 20 states and 150 cities in India. Apart from that, the company has a presence in over ten countries in Asia and Europe. It provides a loan amount up to Rs. 2 lacs to the borrower and allows to repay it in easy EMIs within a period of 9 months to 4 years.
Benefits of Home Credit
- Home Credit app allows repaying the loan amount within a period of 9 months to 4 years.
- To help you fix the short-term financial requirement, provides loan up to Rs. 2 lacs.
- The app provides services in a simple, transparent, and easy way to access.
The above-mentioned apps offer short-term personal loans for individuals looking for instant financial help to meet short-term expenses . Individuals can choose any of the described apps to get funds immediately in financial need and pay easily in EMIs. However, while getting loans using any of the loan apps like PaySense, CASHe, Dhani, MoneyTap, and Home Credit, you can compare and select the loan that works for you. It is essential for the borrower to go through the terms and conditions carefully so that there is no scope for misunderstandings and mistakes which may cause hardships later.
