Are you tired of getting a loan rejection every time you step into a bank? Well, those times are long gone. There are a variety of instant loan apps by which you can now avail a loan with just a click of a finger on your smartphone. There is no need for paperwork and document submission, no more mortgage and no added processing fees. Here’s our list of the top five instant loans apps for Android in India:
Pay Sense is a financial services startup that started in Mumbai back in 2015. When it comes to financing, their App makes it really easy for users to receive loans with full transparency. They allow a borrowing limit of up to Rs 5 lakhs with simple EMI options whether you are a salaried individual or a student.
This App is excellent for personal finance needs such as car loan, home loan, marriage loan, travel loan, two-wheeler loan. Get instant loans from Rs 1,000 to Rs 15 Lakhs and you can repay the loan easily within 3 months to 24 months. Once you fulfill the eligibility criteria for the loan, it will be disbursed to your account within 24 hours.
Yaari is very unique when it comes to instant loans. They not only give you quick loans but also help you reduce your interest rates with the help of recommendations. You can apply for loans based on a wide range of loan categories like personal loans, business loans, car loans, and home loans. The borrowing limit is up to Rs 15 lakhs and you get instant approvals which are great for urgent money requirements.
Money Tap is one of India’s finest instant loan apps in partnership with the leading banks. You don’t have to pay any collateral and the interest rates are lower compared to other popular loan apps in India. The loan application process is completely paperless and you don’t have to visit a bank. Currently, the App offers instant loans to all salaried employees but students.
This App is best suited for young professionals who can avail instant loans based on their social score. This means that your privacy will be compromised and the loan will not be as secure as you would like it to be. But, the upside is that you get a duration of 43 days before you start repaying. You just have to fill up the basic details and Early Salary will disburse your amount as soon as your social score is approved.