Top 10 Personal Loan Apps in India to Use in 2020

Best Personal Loan App in India 2020

An instant personal loan is an ideal financial solution to get quick cash in times of contingencies. Via Personal Loan App, you can apply for a loan at a click, without paying physical visits. Endorsed by an online process, you can avail instant cash free of unnecessary bottlenecks. To straighten out the process of a personal loan application, lending companies have launched their own apps to expedite approval & disbursal of loan and tracking of your loan status. Through this article, we’ve tried to bring together the best of personal loan apps to use in India. All the extra effort has been particularly devoted to facilitating instant personal loans in a click!

These apps can help customers to quickly check their probable eligibility and submit a loan request by submitting only a few documents. This list is in no particular order however it compiles the best personal loan apps in India which you can use for getting a quick loan without any collateral.

List of Best Personal Loan Apps in India :

  1. Home Credit India

Home Credit India helps to get a quick, easy and transparent personal loan at the click of a button. They ensure that they provide a loan that best fits your needs. The loan amount can scale between small to big values. They deliver one of the fastest loan application processes which are approved within a min. Using the app, you can easily track your overall eligibility & track your credit pay. your EMI is a managerial loan in simple steps.

Terms of Personal Loan from Home Credit

  • Must be an Indian national
  • Must be earning a minimum Rs.10,000
  • Loan amount up to Rs 2,00,000
  • Flexible tenure for loan repayment
  • No hidden charges
  • Instant approval & disbursal
  • 100% paperless process

Apply now to solve your mundane issues right away with a personal loan upto 2 Lakhs !

  1. KreditBee

KreditBee provides 3 different personal loans in India. You can take up a Flexi loan even if you don’t have a salary account up to Rs. 50,000. In contrast, if you have an income, then you can take upto 2 lacs ranging from 3 to 15 months at a low-interest rate.

  1. MoneyView

Moneyview doesn’t require you to have a credit history. It offers personal loans up to 50 lacs, with approval within hours for a time period of up to 60 months. The proprietary system is used to understand a customer’s creditworthiness.

  1. PaySense

This company offers personal loans up to Rs 5 lacs with approval within 2 hours via PaySense personal loan app. Even a self-employed can apply for a personal loan on the App. You can choose from the flexible repayment tenure at reasonable interest rates.

  1. MoneyTap

MoneyTap can get you an instant loan between Rs.3000 to Rs. 5,00,000. It takes just 4 minutes to have a loan credited. The loan tenure offered can be agreed upon with changing interest rates. You can pay interest for the money actually utilized over the full approved amount.

  1. CASHe

CASHe pre-assesses the credit standing of the prospective borrowers, different from other lenders in the market. Social Loan Quotient understands individuals in a social environment and offers the best personal loans. The mechanism used by CASHe is fully automated which reduces manual interaction to expedite the approval process. An individual with an income above Rs.15, 000 can easily apply for a personal loan on CASHe.

  1. EarlySalary

EarlySalary as a lending company gives provides personal loans to borrowers who do not have a strong credit history. SocialWorth Score is used to evaluate the credit standing of a customer and provide him with the best personal loan offers. A loan amount upto 2 lakhs gets quickly credited to the savings account in 10 mins only.

  1. Dhani

Dhani provides personal loans up to 15 lacs without any collateral assets available at justified rates of interest. There is barely any foreclosure possible below 2 lakhs. It gives you instant loan approval and quick disbursal straight into the account.

  1. mPokket

mPokket is majorly focused on students & professionals to request for loans directly on the App. This is different from other lending institutions that give leverage to the salaried class. mPokket allows loans to even students above 18 years of age to apply for personal loans. And the money gets credited into the account & Paytm.

  1. Nira

Nira provides loan upto 1 which can be used as per suitability & paid back when used. An individual earning above Rs. 12,000 can apply for a loan from Nira. The loans are offered at 1.5 to 2.5% interest rate. You can also use a 0% EMI rate to shop on popular e-commerce websites.

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