A personal loan is any amount of money that you can borrow in order to use for various reasons. Supposedly, you can acquire a personal loan to pay for home renovations, plan a wedding, or consolidate debt. These personal loans can be offered by banks, credit unions, etc. the amount of money that is borrowed should be returned over time with interest.
Some of the best apps that offer instant personal loans in India are:
- PaySense
It is a web-based platform that offers instant personal loans with little to no paperwork and gets approval in minutes. With rapid credit, the app also offers 365-day-a-year assistance to its customers and a variety of goods, which include cash loans, salary advances, etc that make it a popular choice when it comes to instant personal loans.
- Early Salary
It is credited to be one of the best one-stop solutions when it comes to any kind of instant cash needs. It is one of the best instant personal loans apps in India and you can easily withdraw money for any cash requirements for personal needs like- shopping, travelling, paying utility bills, etc. You can avail of instant loans up to Rs. 5,00,000 for a period of up to 24 months.
- CASHe
It is a mobile-based application that was introduced by one of India’s major online lenders to provide rapid and short-term loans. CASHe offers loans between the amounts of Rs. 6,000 and Rs. 4 lakhs for a period of 90 to 540 days.
- Dhani
Dhani started off as a drugstore but now it has expanded to a money lending service. It is one of the best personal loan apps that does not need documents and many outstation students can depend on it in order to make ends meet while working part-time jobs. You can procure a quick loan of an amount up to Rs 5,00,000 with interest rates that are handy as well as affordable. Every transaction you make will also earn you a 2% cashback, which you can spend as future redemptions and services. There are no bank mandates necessary, and you can swiftly receive a lifetime cashback card with Dhani. Moreover, you get a virtually interest-free credit line up to Rs. 5,00,000 and choose to get a 90-day payback scheme easily.
- Nira
Known for instant approvals, Nira finance is one of the best instant personal loan apps. You can easily get loan amounts of a higher denominator with a simple registration, and get your loan sanctioned instantaneously. You will also get to set up auto-debits and credits through Nira and you do not have to worry about the charges against your transactions. Just download the app, register, upload the relevant documents required, and link your existing bank account. Nira will automatically assess and analyse your credit score and grant you an instant loan without charging anything. You can get an amount up to Rs. 500,000 with an interest rate ranging up to 1.5% to 2.5% monthly depending on your credit score. Another great feature of Nira finance is that it allows you to extend your credit period as well.
