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Fastest Instant Loan Apps in India June 2022

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  1. Introduction
  2. PaySense
  3. CASHe
  4. MoneyTap
  5. Finserv MARKETS
  6. KreditBee
  7. EarlySalary
  8. Credy
  9. Dhani
  10. Nira
  11. Payme India


Loan Picture

Getting an instant loan has become a quick process. But only if you know the right company to approach. An online search and a comparison between the various instant personal loan apps in India for quick cash loans online brings up a multitude of options. To get a personal loan, through traditional methods, is time consuming. Hence, several instant loan apps are offering instant cash loans. Let’s look at some of the best instant loan apps in India that make it possible to get instant cash loans online easily.

1. PaySense

This is one of the best instant loan apps without salary slips, and it has recently merged with LazyPay to become one of the best platforms in this field. For any work, you can acquire rapid personal loans ranging from INR 5,000 to INR 5,00,000, and you won't have to wait long for approval. The best part is that you won't have to worry about running out of time because this platform is known for approving requests quickly.
What makes this platform the best personal loan app? It's because the documents can be picked up immediately from your house, eliminating the need to courier or scan for digital copies. They also provide a variety of low EMI plans that make loan payments simple and hassle-free. If you need another loan, you can simply get it done with one click since the documentation has been recorded earlier, itself.

The PaySense App is available for download on the Google Play Store. After installing the app, all you need to do is check your eligibility and upload the necessary documents. You are allowed to choose a tenure from 3 months to 60 months to pay back the loan. PaySense offers an EMI calculator to help you calculate the EMI you shall pay every month.

Loan amount: Rs. 5,000 - Rs. 5,00,000
Interest Rate Per Month: 1.08 - 2.33 p.m.

2. CASHe

A highlighting feature of CASHe is the fact that it has tie-ups with firms such as Amazon, Flipkart and Big Basket. The way it works is that CASHe gives its users the option of purchasing items from these portals and making payments for the same later. Another defining feature is that the users of CASHe can also insure their loans with loan insurance policies that are available on the platform.

CASHe has established itself as the best personal loan app, and the UI/UX it has to offer for its application confirms this. You can easily log in and register on the app, and the dashboard contains all of the information you'll need to get a fast loan. You can choose from a variety of loans with a maximum amount of INR 500,000 and various interest rates and repayment terms.

Loan amount: Rs. 5,000 - Rs. 5,00,000
Interest Rate Per Month: Starts from 1.75 percent p.m.

3. MoneyTap

This is one of the fastest instant loan apps in India. You may simply acquire a fast loan with MoneyTap, and all you have to do is download the mobile app.

MoneyTap is a part of a list of lenders that are known for disbursing money instantly to those who are in need and meet the eligibility criteria. All one will have to do is complete the KYC process while getting themselves registered. Then, they will see the maximum amount that they can avail as a MoneyTap user in a few hours. Due to such reasons, it is one of the most used Indian financing applications.

Loan amount: Rs. 3,000 - Rs. 5,00,000
Interest Rate Per Month: 1.08 to 2.3 percent p.m.

4. Finserv MARKETS

Finserv MARKETS is the go to platform for those borrowers who would like to avail a personal loan without any hassle from some of the biggest lenders in India. Additionally, just like PaySense, the applicant will only need to submit very few documents while applying.

Loan amount: Rs. 6,000 - Rs. 5,00,000
Interest Rate Per Month: 1.07 to 2.5 percent p.m.

5. KreditBee

People choose platforms like KreditBee when they want to secure a lesser amount as a personal loan and want to only pay interest on the sum used. Another thing that KreditBee prides itself on is the user-friendly interface. It is believed that the same makes the process of acquiring a personal loan very easy.

Loan amount: Rs. 10,000 - Rs. 2,50,000
Interest Rate Per Month: 1.01 to 2.1 percent p.m.

6. EarlySalary

In many ways, EarlySalary is much like CASHe, except that the former offers services to a wider range of customers. Like most of the platforms on this list, an EarlySalary user will get his or her loan approved instantly without having to submit an elaborate list of documents. An EarlySalary user can also shop at online portals such as Amazon, Flipkart and Make My Trip and finance them at low interest rates.

The Pune-based fin-tech start-up also allows you to pay back the loan in easy EMIs within 24 months. Gaining popularity among the young generation, EarlySalary raised ₹100 crores in series B funding led by Eight Roads Ventures and IDG Ventures India.

Loan amount: Rs. 3,000 - Rs. 5,00,000
Interest Rate Per Month: 1.05 to 2.3 percent p.m.

7. Credy

Credy is a fantastic instant loan app in India that can help you meet your financial needs like furnishing your home, paying your credit card bill, etc. Credy has no hidden charges and you do not need a guarantor or collateral to apply for a loan.

Credy is also one of those portals known for getting its users instantly approved for a personal loan. It is believed that a Credy user ends up getting the loan amount within 24 hours if the application is approved. They can also apply for a top up loan just as easily and efficiently if the need arises.

Loan amount: Rs. 10,000 - Rs. 1,00,000
Interest Rate Per Month: 1.07 to 2.3 percent p.m.

8. Dhani

Dhani is a combination of a Pharmacy app and a platform that helps individuals get instant loans with minimal documentation. It is also known to be one of the best apps for people who are studying as well as working part time.

Loan amount: Rs. 1,000 - Rs. 5,00,000
Interest Rate Per Month: 1.0 to 3.17 percent p.m.

9. Nira

Nira finance is known for its instant approvals, and that is the reason why this happens to be one of the best instant personal loan apps. You can easily get higher amount loans with a simple registration, and they boast about their instantaneous loan sanctions.

Loan amount: Rs. 3,000 - Rs. 5,00,000
Interest Rate Per Month: 1.5 to 2.5 percent p.m.

10. Payme India

PayMe India is a great platform with an extensive range of benefits, which helps it to become one of the best personal loan apps in India. Whether it is last-minute rent payment, utility bills or an impromptu vacation, or even flash sale online, or any kind of necessity in terms of medical emergencies, loss of work and salary, deductions, etc.

Loan amount: Rs. 3,000 - Rs. 5,00,000
Interest Rate Per Month: 2 to 6 percent p.m.

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