Best instant loan app in India: Looking for the best instant loan app in India?
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In this article you can have more 10 legit Best instant loan app in India. All of these apps are good and you can get load with easy and simple way.
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10 Best instant loan app in India
| App/Bank | Loan Amount | Interest Rate | Repayment Period |
|---|---|---|---|
| EarlySalary | Up to Rs. 5 lakhs | Starting from 2.5% per month | Up to 36 months |
| PaySense | Up to Rs. 5 lakhs | Starting from 16.8% per annum | Up to 60 months |
| KreditBee | Up to Rs. 1 lakh | Starting from 0.99% per month | Up to 15 months |
| MoneyTap | Up to Rs. 5 lakhs | Starting from 1.08% per month | Flexible |
| FlexSalary | Up to Rs. 2 lakhs | Starting from 35% per annum | Up to 24 months |
| CASHe | Up to Rs. 3 lakhs | Starting from 22% per annum | Up to 12 months |
| Rupeeland | Up to Rs. 25,000 | Starting from 18% per annum | Up to 3 months |
| MoneyView | Up to Rs. 5 lakhs | Starting from 1.33% per month | Up to 60 months |
| NIRA | Up to Rs. 1 lakh | Starting from 1.5% per month | Up to 12 months |
| StashFin | Up to Rs. 5 lakhs | Starting from 11.99% per annum | Up to 36 months |
| ICICI Bank | Up to Rs. 25 lakhs | Starting from 11.25% per annum | Up to 60 months |
| HDFC Bank | Up to Rs. 40 lakhs | Starting from 10.50% per annum | Up to 60 months |
| Axis Bank | Up to Rs. 25 lakhs | Starting from 12% per annum | Up to 60 months |
| Kotak Mahindra Bank | Up to Rs. 50 lakhs | Starting from 10.50% per annum | Up to 60 months |
| State Bank of India Yono | Up to Rs. 20 lakhs | Starting from 9.60% per annum | Up to 72 months |
Loan from Yono SBI Instant
Taking a loan through the YONO SBI app is easy and quick. Before applying for a loan, you need to have the YONO SBI app installed on your smartphone and have an account with SBI.
- Open the YONO SBI app on your smartphone and log in using your username and password.
- Click on the ‘Loans’ option from the home screen.
- Choose the type of loan you want to apply for from the available options such as personal loan, home loan, education loan, etc.
- Fill in the loan application form with the required details, including personal information, loan amount, and repayment tenure.
- Upload the necessary documents, such as your PAN card, Aadhaar card, and income proof.
- Review the loan application form and documents to make sure all the information provided is accurate.
- Once you are satisfied with the application, submit the form.
- You will receive an application reference number, which you can use to track the status of your application.
- After submitting the loan application, wait for the bank to process it. This may take a few days.
- If your loan application is approved, the money will be disbursed to your SBI account.
Loan From Paytm without documents
Paytm offers a range of loans to its customers, including personal loans, business loans, and loans against property. If you are in need of a loan, Paytm offers a quick and easy way to apply for one through its app. Here is a step-by-step guide to applying for a loan from Paytm:
- Open the Paytm app on your smartphone and log in using your mobile number and password.
- On the home screen, click on the ‘Bank’ option.
- From the list of options, select ‘Personal Loans’ or ‘Business Loans,’ depending on the type of loan you require.
- On the next page, you will be required to fill in some basic details such as your name, phone number, and email address.
- Once you have entered your details, Paytm will run a credit check to assess your eligibility for the loan.
- If you are eligible, you will be prompted to enter additional details, such as your income, employment status, and other financial information.
- You will also be required to upload some documents, including your Aadhaar card, PAN card, and bank statements.
- Once you have filled in all the necessary details and uploaded the required documents, submit your loan application.
- After submitting the loan application, Paytm will review your application and assess your eligibility for the loan.
- If your loan application is approved, the money will be disbursed to your Paytm Wallet.
Best instant loan app in India offered by Banks
ICICI Bank Loan
ICICI Bank offers an instant personal loan through its mobile banking app. Customers can avail loans up to Rs. 25 lakhs with flexible repayment options. The bank offers competitive interest rates starting from 11.25% per annum and a repayment period of up to 60 months.
The loan application process is completely online, and the bank offers quick loan disbursal within a few hours.
HDFC Bank
HDFC Bank offers an instant personal loan through its mobile banking app. Customers can avail loans up to Rs. 40 lakhs with flexible repayment options.
The bank offers competitive interest rates starting from 10.50% per annum and a repayment period of up to 60 months. The loan application process is completely online, and the bank offers quick loan disbursal within a few hours.
Axis Bank
Axis Bank offers an instant personal loan through its mobile banking app. Customers can avail loans up to Rs. 25 lakhs with flexible repayment options.
The bank offers competitive interest rates starting from 12% per annum and a repayment period of up to 60 months. The loan application process is completely online, and the bank offers quick loan disbursal within a few hours.
Kotak Mahindra
Bank Kotak Mahindra Bank offers an instant personal loan through its mobile banking app. Customers can avail loans up to Rs. 50 lakhs with flexible repayment options.
The bank offers competitive interest rates starting from 10.50% per annum and a repayment period of up to 60 months. The loan application process is completely online, and the bank offers quick loan disbursal within a few hours.
State Bank of India
State Bank of India offers an instant personal loan through its YONO mobile banking app. Customers can avail loans up to Rs. 20 lakhs with flexible repayment options. The bank offers competitive interest rates starting from 9.60% per annum and a repayment period of up to 72 months.
The loan application process is completely online, and the bank offers quick loan disbursal within a few hours.
Best instant loan app in India offered by PVT.
In recent years, the number of instant loan apps in India has increased significantly. These apps provide fast and easy access to credit, making it convenient for people to borrow money in times of need.
With so many options available, it can be difficult to choose the best instant loan app in India. In this article, we will provide a comprehensive review of some of the best instant loan apps in India based on factors such as interest rates, repayment terms, and user reviews.
MoneyTap
MoneyTap is an instant personal loan app that offers loans up to Rs. 5 lakhs with flexible repayment options. The app offers interest rates starting from 13% per annum, with a repayment period of up to 36 months.
The app uses a unique credit line model, where you can borrow as much as you need and pay interest only on the amount used. MoneyTap has received positive reviews from its users for its quick loan disbursal, ease of use, and customer support. this app is one of Best instant loan app in India.
KreditBee
KreditBee is another popular instant loan app in India that offers loans up to Rs. 1 lakh. The app offers interest rates starting from 0.99% per month, with a repayment period of up to 15 months.
The app uses an AI-based credit scoring system to evaluate borrowers’ creditworthiness and provides quick loan disbursal within a few hours. KreditBee has received positive reviews from its users for its easy application process and quick loan disbursal.
PaySense
PaySense is an instant loan app that offers loans up to Rs. 5 lakhs with flexible repayment options. The app offers interest rates starting from 16.8% per annum, with a repayment period of up to 60 months.
The app uses a unique credit scoring model to evaluate borrowers’ creditworthiness and provides quick loan disbursal within 2-3 days. PaySense has received positive reviews from its users for its transparent terms and conditions, ease of use, and customer support.
EarlySalary
EarlySalary is an instant loan app that offers loans up to Rs. 5 lakhs with flexible repayment options. The app offers interest rates starting from 24% per annum, with a repayment period of up to 12 months.
The app uses a unique credit scoring model to evaluate borrowers’ creditworthiness and provides quick loan disbursal within a few hours. EarlySalary has received positive reviews from its users for its quick loan disbursal and easy repayment options.
FlexSalary
FlexSalary is an instant loan app that offers loans up to Rs. 2 lakhs with flexible repayment options. The app offers interest rates starting from 35.9% per annum, with a repayment period of up to 24 months.
The app uses a unique credit scoring model to evaluate borrowers’ creditworthiness and provides quick loan disbursal within a few hours. FlexSalary has received positive reviews from its users for its easy application process and quick loan disbursal.
Conclusion on Best instant loan app in India
There are several Best instant loan app in India that offer a quick and convenient way to access funds.
These apps provide an easy application process, fast approval, and disbursement of loans, and competitive interest rates.
Each app has its unique features and benefits, and it is essential to compare them based on factors such as loan amount, interest rates, repayment tenure, and eligibility criteria, among others.
Some of the best instant loan apps in India include PaySense, MoneyTap, KreditBee, EarlySalary, and YONO SBI, among others.
In summary, instant loan apps are a useful tool to address short-term financial needs, but one must be responsible and cautious while using them.
It is essential to borrow only what is needed, ensure timely repayment, and maintain good financial habits to avoid any adverse impact on one’s credit history.
