People nowadays choose to opt for urgent loan apps as they are easy to use, and one can apply for a loan from the comfort of their house. They do not
People nowadays choose to opt for urgent loan apps as they are easy to use, and one can apply for a loan from the comfort of their house. They do not need to physically visit a bank or financial institution and also don’t have to deal with papers and documents to get the loan. People can check the personal loan interest rates in India and then compare and ultimately apply for the loan. Let us now take a look at some of the best loan apps available in India.
- Bajaj Finserv: UPI, Pay, Loans
One of the leading urgent loan apps in India is Bajaj Finserv: UPI, Pay, Loans. They offer the customers both a website and app, and a self-employed or salaried individual can apply for the loan. For a self-employed individual, the monthly income needs to be Rs. 20000, and for a salaried individual, it is Rs. 18000 to get the loan. The app has an interest rate between 16% to 36%, and it is applicable on a reducing balance basis. People can apply for this loan for marriage, laptop, home renovation, medical expenses, and many more. After taking the loan, the individual needs to pay it back within 3 to 60 months.
Another digital Personal loan app that people use a lot in India is MoneyTap. To get a loan from MoneyTap, one needs to download the app on their phone. After downloading the app, make sure to register to the app and website. Once this is done, you need to fill out the KYC information and then wait to get the final confirmation. Once you get the approval, then based on the credit score, people can apply for a loan up to Rs 500000. This money can be used to buy any personal things such as travel, shopping, etc.
mPokket mainly focuses on giving loans to salaried individuals as well as students. This is a short-term loan that people can apply for without the hassle of prior permission or paper documents. If you are a salaried individual, then with the proof of employment and salary credit, you can instantly get a loan up to Rs 30000. And students need to show the institution’s membership to get the amount. They can easily send the approved loan to any UPI wallet.
Many people opt to get a Personal loan from Nira because of its instant approval. With the help of simple registration, you can easily get a higher loan amount. After downloading the app, you need to link it to your bank account, and the app will look at your credit score and give you the loan. People can get up to Rs. 500000 with an interest rate of 1.5% to 2.5% monthly. Individuals also have the option to extend the credit period.
Although Dhani started as a drugstore, they now lend money as well. This urgent loan app is popular among students as it provides loans without documentation. People can get up to Rs. 500000 along with a 90 days payback scheme. With every transaction, people can earn 2% cashback.