List of Popular FinTech Personal Loan Apps in India

A personal loan is the best loan to opt for when you do not have the means to manage your finances. It enables you to pay for an immediate medical emergency, your children’s higher education, wedding, travel, car repair, down payment of a home loan, etc. There is no restriction on the end-use of a personal loan after approval. With its multi-purpose usage, it is a comfortable cushion for borrowers.

With the advent of loan apps in India, applying for a personal loan has become seamless. Personal loan approval and disbursal have become quick. Borrowers can now apply for personal loans from the comfort of their home or office using an online loan app. You will need to have a smartphone and an internet connection to install an instant loan app and instantly get your personal loan.

List of popular FinTech personal loan apps in India

  1. Fullerton India InstaLoan App

IntaLoan app is one of the most convenient and quick loan apps available for salaried and self-employed individuals. It offers a quick disbursal of the approved loan amount to your bank account within 30 minutes. It is available 24×7, which means that you can apply from anywhere at any time. There is also a hassle-free documentation process and relaxed eligibility requirements. The whole process is digital, and you can even track your application status online.

Some of the features of Fullerton India’s instant loan app are:

  • It offers a maximum loan amount of up to Rs. 25 lakhs, depending on your age, net income, and existing financial obligations.
  • There are flexible interest rates available starting from as low as 11.99% and can go up to 36%.
  • The documentation process is hassle-free as it is entirely paperless.
  • The sanctioned loan amount can get disbursed to your registered bank account within 30 minutes of approval.
  • There are additional benefits for existing customers of Fullerton, India.
  1. MoneyTap Loan App

It is a non-banking banking financial company that allows borrowers to borrow up to Rs. 5 lakhs. Flexible interest rates are starting from 13% per annum. It has a friendly chatbot to assist you through a simple and secured personal loan application process.

  1. EarlySalary Loan App

If you are choosing EarlySalary, you will have to ensure that you earn a salary of Rs. 18000 per monthly or above. You can secure up to Rs. 2 lakhs as an instant loan. The best part about EarlySalary is that it is targeted towards people who have low credit scores. After filling the application and submitting proper documents, your loan can approve within 10 minutes.

  1. KreditBee Loan App

It is an instant loan app that allows you to borrow up to Rs. 2 lakhs. There are three types of loans available; Flexi Personal Loan, Personal Loan for Salaried, Online Purchase Loan. The repayment tenure on the loan app can range from 62 days to 15 months, providing you with a more flexible option.

Another benefit is that your personal information is safe as the loan app is secured with 128 SSL encryption. It allows you to shop your favourite items on websites like Flipkart, Amazon, etc.

  1. LazyPay Loan App

This instant personal loan serves the short-term requirements of customers. It allows you to borrow any amount between Rs. 10,000 and Rs. 100000. You can make your small-ticket purchases and repay the loan amount with flexible equated monthly installments (EMIs). You can use the loan app while shopping from Amazon, Flipkart, Swiggy, or Zomato.

Features that are common across all instant loan apps are:

  • Save time

If you need immediate cash, you do not have to visit multiple lenders and stand in long queues. You can use a personal loan app and get instant cash from anywhere.

  • Easy accessibility

Since it is 100% digital, you can submit your application along with the requisite documents from the comfort of your home. You can even track your application status.

  • Hassle-free documentation

You no more need to attest xerox copies of your documents. With instant loan apps available, you will only need to upload soft copies of your documents and enjoy a hassle-free experience.

  • Relaxed eligibility norms

The eligibility criteria to apply for a personal loan through a loan app are the bare minimum. The competition in the market has made it possible.

So, if you are looking to access instant cash, you can opt for a personal loan instant loan app that is easy to use and gives quick results. Ensure you have a stable income and no existing financial obligation to avail yourself of the maximum benefits.

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