No Income Proof Required - Maximum Approval Rate - Low Interest Rate - Low Processing Fees 0% - Flexible Repayemnt Tenure - RBI Approved - Loan Apps
Best Online Loan Application In India 2024
Personal loans are a great way to fulfill small goals in life. They help you to splurge on a coveted device, or take care of your financial emergencies without having to spend all your savings.
In today’s time, instant loan apps are the best option for
personal loans. They process loans much faster as compared to banks, and also
require minimal documentation. If you were searching for loan apps in India,
read ahead.
Top 5 Instant Loan Apps in India in 2024
Why waste your time scrolling through descriptions of apps
to find out which is the best loan app in India? Here you can find the top
online loan apps as well as the interest rate they charge, loan amount and
tenure they provide.We have compiled a list of India’s best, most convenient,
and highly flexible loan apps that deliver on their promises. Take a look at
the highest rated instant loan apps in 2024.
1.PaySense: Personal Loan App
APPLY HERE
Loan Details
- PaySense instant personal loan app offers personal loans from ₹5,000 to ₹5,00,000 with an Interest rate between 14% to 36% on a reducing balance basis.
- the personal loan tenure is anything between 3 & 60 months. EMI & interests are then calculated on the basis of tenure.
- The foreclosure charge is 4% +18% GST on the remaining principal amount.
- The Late Payment Charges are ₹500 +18% GST (₹590) upon failure to pay the EMI on the fixed dates
Eligiblity
- Resident of India
- Age: 21 years to 60 years
- Employment Type: Salaried and Self-employed
Documents
- Proof of Identity : PAN Card & Selfie
- Proof of Address : Aadhaar card, Voter ID, Passport or Driving License
- Proof of Income : Net-Banking or last 3 months bank e-statements
- Get an instant loan with poor credit score.
Here, at PaySense, we consider
several criteria apart from your credit ratings, such as your employment
records, monthly salary, and others, to assess your loan eligibility. Use our
mobile app to check if you are eligible.
Playstore App link Paysense
2. Moneyview: Loans
APPLY HERE
Loan Details
- Loan Amount: From ₹5,000
to ₹10,00,000
- Flexible Repayment Tenure: From 3 months to 5 years
- Competitive Annual Percentage Rate: From 10% - 39%*
- Processing Fee : Starting from 2% of the approved loan
- Part/Full Payment of the Loan (Loan Foreclosure) : No part payments are allowed
- For foreclosure of your loan : you should have paid a minimum of 3 EMIs
- Cheque Bounce : Rs.500/- for every bounce
Eligiblity
- The applicant’s age should be 21-57 years.
- They must be salaried or self-employed
- A monthly in-hand income of Rs. 13,500 or more is necessary
- The income must be credited directly to the bank account.
- A minimum CIBIL or Experian score of 650 is required.
Documents
- Aadhaar Card
- PAN Card
- Salary slip (salaried), Bank statement last 3 months (self-employed)
Playsore App Link Moneyview
3. Stashfin - Personal Loan App
APPLY HERE
Loan Details
- Credit line ranging from ₹1,000
to ₹5,00,00
- Repayment ranging from 3 months to 36 months
- Get 0% interest for up to 30 days
- interest rates ranging from 11.99% - 59.99% APR
Eligibility Criteria
- Indian Citizen
- Above the age of 18
- Must have a source of income (either salaried or self-employed)
Documents Required
- Address Proof (any one of Aadhaar Card/Voter ID/Passport/Driving License)
- Identity Proof (PAN ID)
- In some cases, you may be asked for the following documents
- Bank Statement
- ITR/ GST Paper
Playstore App Link Stashfin
4. Olyv (SmartCoin) Personal Loan
APPLY HERE
Loan Details
- Loan amount range between ₹1,000 - ₹5,00,000
- Interest Rate: 18-30% p.a. on reducing balance
- Processing Fee: 2-12% (excl. GST)
- Loan Tenure: 2-24 months
- Bounce/Late payment charges: ₹0-₹500 (excl. GST)
- Default interest: 0% p.aAPR range – 30 to 90%
Eligiblity
- You should be either salaried or self-employed.
- You must fall under the age bracket of 24 to 45 years.
- If salaried, you must have a monthly income of at least ₹20,000.
- If self-employed, you must have a minimum monthly income of ₹25,000
Required Documents
- PAN Card and Aadhaar Card
- Income proof like bank statement , salary slip
Playstore App Link Smartcoin(olyv)
5.Axio Personal Loan
Eligible users can apply and avail Personal Loan from the axio App.
APPLY HERE
- Interest rates for axio loans start from as low as 14% & go up to 35% per annum
- for a tenure ranging 06 to 36 months.
- A processing fee of up to 2%(+GST) is also applicable on each disbursal.
APPLY HERE
Representative example:
If you take a loan of Rs. 1 Lakh
(Principal) at an annual interest rate of 15% (APR) for a tenure of 24 months -
your EMI will be around Rs. 4,849 & the processing fee would be Rs.
2,000(+360). Total cost of the Loan would be Rs. 1,18,728.
Disclaimer
We are not responsible anything from this loan
application , so take your won risk before applying loan
Thank you.
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