Fix your financial woes, with Personal Loan Apps

Fix your financial woes, with Personal Loan Apps

Personal loans are a great way to fund for your short-term financial requirements. The funds received by availing personal loans can be utilized according to your will and the best part about it is, you will not have to put up any collateral as security. However, the lengthy processes often force one to delay the process of application. But not anymore, as many fintech firms have come up with providing the best personal loan online to the consumers. Now you will be spoilt for choice, with the full spectrum of apps in the financial domain. These apps can be downloaded from the Google Play Store and Apple’s App Store. Let us discuss, the best personal loan apps, to get an instant personal loan with affordable interest rates.

1. India Bulls Dhani: This is one of the top financial apps to get you an instant personal loan. India Bulls Dhani app provides a loan of up to Rs 15 lakh. It is backed by India Bull Ventures and lets you avail of personal loans instantly. All you have to do is provide your PAN number, Aadhar number, and your residential address for verification. Post verification the loan amount is disbursed to your bank account within minutes. You have the flexibility to repay the loan amount within three months to 72 months. There are no foreclosure charges for the loan amount availed of less than Rs 20,000.
2. CASHe: This app provides a loan only to salaried individuals. You will have to furnish documents like your Salary Slips, Bank Statements, Address proof, and Pan Card. The loan amount availed by this app ranges from Rs 5,000 to Rs 2 lakh, with tenures ranging from 15 days to 6 months. You can repay the loan amount through cheque deposit or monthly bank transfer.
3. Home Credit: This app has been operational in India since 2012, and has spread its branches across 60 cities PAN India. Home Credit is a part of the International Home Credit group, having its presence across ten countries of Europe and Asia. A loan amount of Rs 2 lakh can be availed with this app. This app makes the financial services available to you, in simple, transparent, and in a hassle-free way. The repayment tenure of this app ranges from 9 months to 4 years.
4. FlexSalary: This app functions as an advance salary loan app, providing instant approval of personal loans, having no fixed EMIs. It provides loans to salaried individuals, offering a loan amount of up to Rs 2 lakh. Few hallmarks of the loan app include one-time application, one-time approval, instant disbursals, option to decide the loan tenure, option to access the credit anytime and flexible repayment policy.
5. PaySense : This fintech firm was founded by SayaliKarajkar and Prashant Ranganathan. PaySense has partnered with IIFL and Fullerton for the disbursal of personal loans. This financial app provides loan approval within 5 hours of uploading the document on the app. You can avail a personal loan of up to Rs 5 lakh with PaySense.
6. MoneyTap : Considered as one of the best personal loan apps, MoneyTap allows you to pay the interest only on the withdrawn amount. This unique feature of the app is popularly known as by the name of " no- usage-no-interest", which distinguishes it from the rest of the apps. MoneyTap provides loans to individuals in an easy and convenient way, and has partnerships with the leading NBFCs in India. The affordable interest rates as low as 13-24.3% p.a and the flexible repayment options of choosing between 2 months to 36 months, makes this app the most popular amongst its users. This app provides loans of up to Rs 5 lakhs.
7. Bajaj Finserv – This app disburses the loan amount within 24 hours of the application. Bajaj Finserv has 12,000+ partner outlets in over 150 cities with Croma, Vijaya Sales, Hometown, Home Centre, Urban Ladder, Helios and more. Once your loan amount gets disbursed, you can shop around in any of the outlets, suited to your convenience. You can log in to the app using your Aadhar Card and Social Media profiles. This app also allows you to enter the first 6 digits of your credit card, which increases the chances of approval. The app ensures, no money will be deducted from your card and its details will not be used for any banking purpose.
8. StashFin: StashFin was founded by a team of highly experienced financial services professionals, with an aim to make lending easier for people in India.. It aims to deliver the best in class and superior convenience to the customers. The app provides a loan from Rs 500 to Rs 5,00,00 and can be repaid in EMIs only electronically. The repayment tenure of the loan can be chosen as per your convenience from three months to thirty-six months.
9. Afinoz: Afinoz app provides the loan in the most simple and hassle-free way, with end to end digitalized loan process. On approval of your loan, you get an additional benefit of upto Rs 5,000 as cashback. It is an online marketplace for you to compare and apply for the best suitable lender. The app ensures complete security of data and provides real-time updates about different financial products.
10. Kredit Bee: This app has gained popularity among young professionals and is one of the best personal loan apps in India. Kredit Bee provides loans to individuals above the age of 18 years, having an earning of Rs 15,000 and above. Post uploading the documents, the loan amount gets approved after verification and evaluation. After the approval, the loan amount gets directly credited to your account.

With the help of the information shared above, now you can apply for a quick personal loan, to get instant funds. Apps have emerged as a great way to make cash available to consumers, considering the fact that many times, the requirement of funds is urgent and cannot wait for the longer disbursal processes. Post uploading few documents online, if it meets the eligibility criteria, the loan amount is directly credited to your account. Due to these quick and easy processes, apps have now become the trend of the time.

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