Which are the Best Instant Loan Apps in India in 2021?

The conventional banks might take ample time to execute the procedure of loan application while the money lenders levy a higher rate of interest thereby leading to uncertainty amidst the process. With the advent of personal loan apps, you could rest assured of a hassle-free and safe disbursal of the loan amount within just one hour.

If in case of an emergency to avail a cash loan instantly, there are quite a few instant loan apps available in the current market. Seeking a personal loan through traditional banks involves numerous paper works and submission of multiple documents. Another option is obtaining a loan through a credit card wherein the rate of interest is high. Even though procuring a loan from friends or relatives is an option, it might be quite embarrassing. Therefore, one of the best ways to avail of loans is through an instant loan app.

Listed below are some of the reliable instant loan apps in India that would ensure a safe and seamless loan process. There are options available online to upload relevant documents and the loan amount is credited to your account within just a few hours.

• Money View: With Money View personal loan app, you can get a personal loan in just 24 hours. Whether you want to remodel your home, buy an expensive ride, or cover your wedding expenses, a personal loan from Money View is completely paperless, fast, easy, and flexible.

Money View loan amount ranges from ₹ 5,000 to ₹ 5 Lakh. The repayment period is flexible and ranges from 3 months to 5 years.

• Money Tap: Money Tap is regarded as one of the nation’s initial app-based credit lines. One of its major highlights is the absence of interest and ensuring a budget-friendly credit feature. You are required to pay only the interest on the amount utilized. This personal loan app offers a series of credit to prospective customers that functions as a credit card. Money Tap is a renowned money lending entity that provides a flexible rate of interest.
• Pay Sense: Pay Sense is yet another instant loan app that provides cash loans online. An applicant may use either a laptop or a smartphone to determine their loan eligibility. However, he/she is supposed to furnish KYC details before applying for a loan. The loan approval process is executed within five hours.

This company is granting personal loans online up to Rs. 5, 00, 000. Pay Sense is also offering an EMI calculator wherein an applicant could confirm and verify the total amount to be paid in a month.

• Dhani: It is popularly known as the phonese loan app that disburses loan amounts to your bank account instantly. There are options to apply for a personal loan regardless of location and timings. You could easily avail of a loan of up to Rs. 15 lakh at an attractive rate of interest. Individuals are required to input details of Aadhar card, loan amount to download the Dhani loan app for free. The entire loan amount would be credited to your account within just a few hours.
• India Lends: This specific loan app is exclusively designed for credit cards, free credit reports, and instant personal loans. They are offering instant personal loans at a competitive rate of interest and the loan amount is disbursed to your bank account within two days. They leverage data and state-of-the-art technology to streamline cash flows and the assessment of potential risks. It is essential to make sure that the loan disbursal process is smooth and short.
• Kredit Bee: Kredit Bee is a reliable instant loan app targeted at young professionals. One could easily obtain a loan of up to Rs. 1 lakh. The entire loan application process is carried out online. The disbursement of the loan amount is executed within just fifteen minutes and it is directly credited to your bank account.

What are the Potential Advantages of Relying on An Instant Loan App?

• Individuals could apply for a personal loan in case of emergencies. It is quite similar to that of a bank inside the pocket. In urgent situations, you need not visit the nearest bank branch. All you have to do is just grab the smartphone and apply for a personal loan through a reliable instant loan app like Money View.
• An instant loan app saves a considerable amount of time and money. They are also providing 24/7 customer service. It does not matter whether you are traveling to faraway places or at the office, he/she does have the option to apply for a personal loan with just a few clicks. For the past many years, people had to physically visit the bank branch to apply for a loan and now things have changed.
• The personal loan application process is completely paperless by enabling eKYC features that save ample time and effort.
• Instant personal loan apps are safe, secure, and reliable. Mobile loan apps are 100% trustworthy. There are no potential risks involved concerning losing money. However, it is up to the applicant to protect their personal information from being disclosed to third parties using a strong password.
• Today, most instant loan apps are using state-of-the-art encryption technologies to make sure that the finance and personal information is safe and secured.
• Instant approval and quick disbursement of the loan amount are guaranteed with an instant personal loan app. At present, each personal loan online application is carried out swiftly. Such types of online apps are simple and straight. Once a loan application is done via an app, lending decisions are executed within just a few minutes.
• Applicants should keep updating and monitor each online transaction. It is quite simple to track online borrowing as the mobile loan apps ensure a flawless user experience. You do have the option to log in to the official website and go through the outstanding debts, how much money you have borrowed so far and what are the payment dates etc.

Wrap Up:

An instant loan app is indeed one of the best options for the public since it is 100% secure, safe, and trustworthy. An applicant would receive automated notifications in the form of email or SMS to make sure that there are no default payments. He/she could transfer the entire loan amount at any time irrespective of location in a hassle-free manner.

How To Fix Error Codes– [pii_email_2eb2ea5842f2ed65f77c] & [pii_email_fac20b28ca7fd86484f1]