Which Apps Can Help Me Get An Instant Loan?

By Author: Ankit verma
Total Articles: 23
Comment this article

Instant loan online loan through apps has changed the way people initiated money lending and borrowing, at fairly attractive interest rates. Personal loan apps have emerged as a user-friendly platform for raising immediate cash with minimum formalities and documentation. The instant loan apps not only enable easy loan applications but actually process the loan steps digitally from start to end. This increases convenience and saves a considerable amount of time for the borrowers who do not have to visit the lender’s branch personally for a personal loan.

Not every loan app is secured to submit a loan application. Don’t fall for fraudulent online loan apps that give easy loan approval without much verification. Download instant loans apps only from Google Play Store.

Here are some popular instant loan apps available for emergency finance:

Unnati: Targeting salaried individuals, this is one of the quickest loan apps in India offering instant loans up to Rs.3,00,000 over a 2 year tenure and a maximum rate of interest of 34% per ...
... annum.

GotoCash: An instant loan app accessible on your mobile phone. Borrowers can apply for an instant loan up to Rs.50,000 at a maximum interest rate of 34.7% per annum, completing an easy online process.

SimplyCash: Borrowers looking for immediate small cash loans up to 1.5 lakhs can apply for an instant loan via SimplyCash, powered by HeroFinCorp. The Affordable interest rate of 25% per annum makes SimplyCash a preferred loan aap, with a hassle-free paperless documentation procedure.

CASHe: This is an instant loan app handy on smartphones to avail a quick loan of Rs.4,00,000 at an interest rate of 33.46% per annum. Avail a loan for 1 year for emergency cash and shopping needs.

Avail Finance: With a hassle-free loan process at Avail Finance app, borrowers can avail of small-ticket personal loans up to Rs.80,000 at a maximum interest of 36% and repayment tenure of 270 days.

Borrowers should comply with the eligibility criteria to avail of personal loans from different instant loan apps. The eligibility criteria, interest rate, tenure, documentation, etc. differ from lender to lender. Use the personal loan eligibility calculator and EMI calculator to get clarity on the loan aspects and accordingly proceed with the loan application. If the EMI calculator equates an amount that is heavy on your pocket every month, then you may tweak the principal amount and check the EMI again till it is affordable.

In the prevailing Covid-19 lockdown scenario, where so many people faced a financial setback, instant loan apps have been a great support to arrange immediate money. The collateral-free nature and paperless documentation procedure make the loan processing faster and disbursal is done within 24 hours of a working day.