Instant loan apps is mobile applications that offer quick and convenient access to small, short-term loans. They function through a streamlined online process, often promising, instant loan apps Decisions can be made within minutes, much faster than traditional bank loans.
They typically require less paperwork compared to banks, relying more on online verification methods and Apply directly through the app, eliminating the need to visit a physical branch.
What is Instant personal loan?
An instant personal loan is a type of loan designed for quick access to cash, often meant for immediate or short-term needs. Here is a rundown of its key features such as:
Fast approval and disbursement: Compared to traditional loans, approvals are typically quicker, sometimes within minutes, through a streamlined online process.
Unsecured loan: Unlike car loans or home loans, you don’t need to put up any collateral like your car or house as security.
Smaller amounts: fattest Instant loans apps usually cater to smaller amounts, typically ranging from a few thousand to a few lakh rupees. While these features sound appealing, there are crucial aspects to consider:
High-interest rates: The convenience of quick access at a cost. Instant loan online generally have significantly higher interest rates compared to regular bank loans.
Short repayment terms: You’ll likely have a shorter period (weeks or months) to repay the loan amount compared to traditional loans. This can be stressful if you’re not prepared with a proper repayment plan.
Instant personal loan online can be helpful in unforeseen situations, but tread cautiously:
Explore alternatives: Consider options like credit cards (if you have a good credit score) or borrowing from a trusted source before resorting to an instant loan.
Borrow responsibly: Only borrow what you can absolutely repay within the given timeframe. High-interest rates and late fees can quickly spiral into a debt trap.
Instant loan Apps in India
List of Top 10 instant loan Apps in India
Mpokket Loan App
Maokket is an Indian loan app that promises quick and easy cash advances.But before you jump in, it’s crucial to understand the complete picture. Here’s breakdown of Mpokket based on my experience and research:
Mpokket Interest rate | 24% to 48% Per Annum |
Mpokket Loan Amount | Up to 45,000 |
Mpokket Loan Tenure | 120 days |
Precessing fee | 2% – To 5% onward |
Mpokket Customer care Number | support@mpokket.com |
Mpokket Review/Raring | |
Required Income | 13500/- and above monthly |
SmartCoin Loan App
SmartCoin is an Indian loan application offering instant personal loans. Here is a rundown of its key features such as:
Smartcoin Interest rate | 18% Monthly |
Smartcoin Loan Amount | Up to 5,00,000 |
Smartcoin Loan Tenure | Maximum 12 Months |
Precessing fee | According to Applicant Profile |
Required Income | 20,000 and above monthly |
Smartcoin Review/Raring |
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Smartcoin Cumtomer care number | +91 9148380504 |
MoneyView Loan App
Moneyview operates as a digital platform offering instant personal loans. Here’s breakdown of their features:
Moneyview Interest rate | 15.96 Per Annum |
Moneyview Loan Amount | Up to 5,00,000 |
Moneyview Loan Tenure | 3 Months To 60 Months |
Precessing fee | 2% – To 8% onward |
Required Income | 13500/- and above monthly |
Moneyview Review/Raring |
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Moneyview Cumtomer care number | +91 8069390476 |
Creditbee Loan App
CreditBee functions as an online platform that acts as a middleman connecting borrowers with lenders offering personal loans. Here’s a breakdown of what CreditBee offers:
CreditBee Interest rate | 16% to 29.95% Per Month |
CreditBee Loan Amount | Up to 4,00,000 |
CreditBee Loan Tenure | 24 Months |
Precessing fee | 1250/- |
Required Income | 10,000/- and above monthly |
CreditBee Review/Raring | |
CreditBee Cumtomer care number | 08044292200 / 08068534522 |
Buddy Loan App
Buddy Loan is an Indian app that facilitates instant personal loans. While it offers tempting features like:
Buddy Loan Interest rate | Start from 11.99% |
Buddy Loan Loan Amount | Up to 15,00,000/- |
Buddy Loan Loan Tenure | Up to 5 Years |
Precessing fee | 2% + GST of Sanctioned Loan |
Income Required | 15,000/- and above monthly |
Buddy Loan Review/Raring |
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Buddy Loan Cumtomer care number | info@buddyloan.com |
EarlySalary (Fibe) Loan App
EarlySalary, now known as Fibe, is a mobile application offering instant personal loans in India. Here’s a balanced overview of their services:
EarlySalary Interest rate | 16% annualy (As on 10th march |
EarlySalary Loan Amount | 80,00 to 5 Lakh |
EarlySalary Loan Tenure | Up to 3 years |
Precessing fee | 3% of loan Amount |
Income Required | 15,000/- and above monthly |
EarlySalary Review/Raring |
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EarlySalary Cumtomer care number | 020-67639797 |
TureBalance Loan App
TrueBalance offers instant personal loans through their mobile app, targeting individuals in India. Here’s breakdown of their services to help you make an informed decision:
TrueBalance Interest rate | 30% – 46% Monthly |
TrueBalance Loan Amount | 10,000 to 1,00,000 |
TrueBalance Loan Tenure | 12 months |
Precessing fee | Upto 15% |
Income Required | 20,000/- monthly |
TrueBalance Review/Raring |
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TrueBalance Cumtomer care number | 0120-4001028 |
Incred Loan App
InCred (incred finance / incred financial services limited) is a non-banking financial company (NBFC) operating in India. InCred offers personal loans ( incred personal loan) in India.
InCred Interest rate | 13.99% to 42 P.A. |
InCred Loan Amount | Up to 3 Lakhs |
InCred Loan Tenure | Up to 5 years |
Precessing fee | According to customer profile |
Income Required | 15,000/- monthly |
InCred Review/Raring |
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InCred e Cumtomer care number |
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Upwards Loan App
Upwards is an Indian FinTech company offering instant personal loans (Upwards personal loan) through their Upwards loan app.
Upwards Interest rate | 9% p.a. |
Upwards Loan Amount | Up to 5 Lakhs |
Upwards Loan Tenure | 60 months |
Precessing fee | Up to 3% |
Income Required | 15,000/- monthly |
Upwards Review/Raring |
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Upwards Cumtomer care number | 1860-267477 |
Prefr Loan App
prefr, formerly known as KreditVidya Personal Loan, offers instant personal loans in India through their mobile application. Here is a rundown of its key features such as:
Prefr Interest rate | 15% – 36% p.a. |
Prefr Loan Amount | 50,000 to 5 Lakhs |
Prefr Loan Tenure | 12- 48 months |
Precessing fee | 3% – 5% of loan amount |
Income Required | 18000/- monthly |
Prefr Review/Raring |
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Prefr Cumtomer care number | 040-48521334 |
FAQ’s (frequently asked questions )
How to get 10,000 rupees urgently?
To secure a 10,000 rupees loan urgently, start by researching online Instant Loan apps known for fast approvals and disbursements. Fill out the application with accurate details and required documents like ID proofs and income statements. Some platforms specialize in quick loans, offering instant approval and funds transfer within hours. Alternatively, consider approaching local credit unions or microfinance institutions known for their flexible lending criteria. Ensure you understand the terms and repayment schedule before processing. To avoid problems with money, always remember to borrow carefully and only as much as you can offered to repay.
How to get 30,000 rupees immediately?
To acquire a 30,00- rupees loan immediately, explore online Instant Loan apps offering instant approvals and quick disbursals. Complete the application with necessary documents such as ID proofs and income statements. Alternatively, consider local credit unions for swift loan processing. Ensure to understand the terms and repayment schedule beforehand.
Which app gives you loan immediately?
Instant Loan Apps such as MoneyTap, EarlySalary, and KreditBee are known for providing instant loans. They offer quick approvals and disbursements, making them suitable for urgent financial needs. However, remember to review their terms, interest rates, and repayment conditions before proceeding with any Instant Loan apps.
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