5 Best Personal Loan App In India For Your Urgent Money Needs
Best Personal Loan App In India : The world has become entirely digital thanks to the Internet. Everything is just a click away. You can buy anything from vegetables to any electronic item at home with one click. But what if you need money immediately to buy these essential items or due to a medical emergency, and you do not have the money? In such a situation, we choose the option of a loan. Taking a loan seems the most straightforward option in case of sudden need.
But, to get a loan from the bank, a lot of paperwork has to be done, which is quite long and tedious. In such a situation, if we borrow money from someone on interest, the interest rate is so high that it becomes cumbersome to repay. But today, technology has also solved this problem. Due to the Fintech revolution, many such apps are available today, which provide us with quick, secure, and hassle-free personal loans within minutes. We are going to tell you about the best personal loan app in India that provides you with a personal loan in a straightforward way in minutes:
PaySense : Best Personal Loan App In India
Through digital platform PaySense anyone can avail instant personal loans online. PaySense has partnered with IIFL, Fullerton, and Northern ARC to offer personal loans. This app allows you to take personal loans ranging from ₹ 5000 to ₹ 5 lakh. The loan amount and repayment tenure are decided based on the individual’s risk profile. Salaried individuals earning up to ₹12,000 per month and self-employed individuals earning up to ₹15,000 per month can apply for the loan. KYC documents and bank statements are required for the loan. After this, the money comes to your account within 5 hours. It is present in 43+ cities.
Fibe (Formerly EarlySalary)
In the list of best personal loan app in India, the next name is Fibe. Fibe is an innovative loan-giving platform that has made it easy to get a loan in India. It is being liked a lot among the youth due to its easy payment option in easy EMIs. The loan repayment period ranges from 90 to 365 days. No credit history is required to avail of a loan using this application. Loans ranging from ₹5,000 to ₹2 lakh can be taken using this app. Cash is transferred to your bank account within minutes. Anyone can use this app on Amazon, Flipkart, and Big Bazaar for EMI purchases.
Bajaj Finserv : Best Personal Loan App In India
Bajaj Finserv is next on our list of best personal loan app in India. Finserv offers personal loans for medical emergencies, home renovation, education, and marriage. With quick approval and straightforward paperwork, money gets credited to your account in just 24 hours without any collateral. The app has 12,000+ partner outlets from Croma, Vijaya Sales, Hometown, Home Centre, Urban Ladder, Helios, and many others across 150 cities, allowing users to shop anywhere. This app lets you log in using your Aadhar card and social media profile. To get your account approved quickly, you can share the first 6 digits of your credit card. With this, you can get more money through a loan. The app does not use your credit card details for any banking purposes. And no money is deducted from the card.
Indiabulls Dhani Loan App
Indiabulls Dhani App, supported by Indiabulls Consumer Finance Limited, is India’s fastest digital lending platform and the best personal loan app in India. Customers can deposit Rs 1000 directly into their bank account through the Dhani App within 3 minutes to Rs 15 lakh. You can take a loan up to Rs. The loan tenure starts from three months to 36 months. Indiabulls Dhani App is the only loan app that rewards its customers with personal loans. By earning points on the Dhani App, you can also reduce your EMIs, with each point converting into cash every time you pay the monthly installment. More than 2 million people are currently using the Indiabulls Dhani App.
LoanTap : Best Personal Loan App In India
The latest technology has been used in the LoanTap App to give online loans. It offers two-wheeler loans, flexible personal loans, lifestyle and celebration loans, home loans, and low-installment loans. LoanTap (The Best Personal Loan App In India) offers EMI-free loans between ₹1 lakh and ₹10 lakh. However, the loan amount is decided based on eligibility and credit. Loan tenure ranges from 6 months to 5 years. Applying for a loan is easy and requires very few documents. We hope you get help from our list of India’s 5 best personal loan apps.