In tough times, whenever you experience any financial difficulties or running low on cash, asking your friends or relatives can be a little hesitant, and visiting a regular bank for quick cash sanctioning can be very time-consuming because of the extensive documents required in the process. In this regard, along with new technology and modernization, today’s digitally driven has also introduced us to some of its best features like online personal loan apps, making banking services much more convenient for us. Availability of a personal loan via an online portal is another advancement we have seen so far. However, in India, salary advance loans are not available to everyone. In cases like such, applying for a personal loan with the help of online apps is the best option.
This comprehensive list mentioned below shows you the best online personal loan apps in India including all the key features and information you should be aware of before applying for a personal loan.
CASHe: A FinTech platform that uses credit scoring algorithms to provide loans to borrowers. In simpler words, it uses a social loan quotient (SLQ) to get a better understanding of the borrower's past transactions hence determining their customer credibility and then deciding the loan to them. It requires you to have a minimum salary of 15,000 and approve a loan ranging from 9000 to 3 lacs instantly using the mobile app.
NIRA: Keeping the customer’s requirement as a priority, NIRA offers a credit line up to 1 lakh which can be used anytime and can be repaid only when the amount is used. It provides a flexible interest rate of 1.5% to 2.5% per month which is applicable only on the withdrawn amount
Dhani app: The money lending service requires minimum documentation and no collateral, providing you a loan amount of up to 5,00,000 with affordable interest rates starting from 1 to 3.17 % per month.
LazyPay: It is one of the most trusted payment options available these days in the industry. With flexible tenures, LazyPay allows you to access a personal loan of almost 1 lakh with paperless documentation and only necessary KYC procedure.
Capital First limited: If you are searching for one platform which takes care of your financial needs, then you can get a personal loan of almost 25 lakhs within 2 minutes after sanctioning your loan with flexible repayment tenures.
mPokket: With so many online applications available on the internet for easy loan avail, mPokket gives you the opportunity to students and professionals for a loan request with only necessary documents needed and credit limit.
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