Instant Personal Loan Apps: In today’s time, almost all people need money to live life. There are many times when you do not have money, but you need money very much. Then you take a loan from a bank or company.
But sometimes, you do not get a loan from there. If you are in a similar problem and are not getting a loan from anywhere, you do not have to worry. In today’s article, we will tell you about Instant Personal Loan Apps. Which will solve your problem, and you will get a loan very quickly.
Table of Contents
What Is a Personal Loan Application?
When you take a personal loan from a bank or institution, you sometimes do not get a loan. Because there is no specific reason for taking a personal loan, just like it is for the rest of the loan, a personal loan can be used in any way.
To reduce this problem, some financial institutions make such an app, and it is called Instant Personal Loan Application.
From where you can get a loan very quickly. For this, they ask for some important documents from you, which is necessary to get a loan. By applying for a loan through the Instant Personal Loan apps, you can get a loan ranging from 5 thousand to about 5 lakh rupees.
But for this, you may have to pay a 12% to 24% annual interest rate. However, the lending limit and interest rate of different companies may vary.
What Is Instant Loan?
In today’s time, the way of money transfer from the bank has changed a lot. Many things have changed due to technology, and we can transact money in a very short time.
Sometimes in emergencies like medical, money is needed immediately, or to buy a property or at the time of marriage, an immediate amount is required. It isn’t easy to get a loan from a bank in such a short time.
For this, we take the help of quick loans because you do not need to provide a lot of documents. And Instant loans are easily approved without any asset performance. Instant loans are also called personal loans. Those loans are usually availed for a period of between 2 months to 1 year. If you apply online for a quick loan, it saves your time.
Instant loans can be accepted on a single day by applying online, as their process is faster than loans given by banks. And its biggest feature is that you can apply for it from anywhere in your home or office.
Top 8 Instant Personal Loan Apps in India
You will find many such apps on the Internet, which promise you to give instant personal loans, but most of them are fake apps. Such apps do not provide loans even after taking your important information.
For your help, we have researched and told you about the top 8 Instant Personal Loan Apps. You can get a loan by applying from any of these apps. But before that, know a little about all these, which will benefit you more because different apps have different interest rates.
- Mi Credit
- Indiabulls Dhani Apps
- mPocket
- Money View
- CashBean
- Shubh Loans
- MudraKwik
- Instamoney
| App Name | Loan Amount | Interest Rates | Processing Fee |
| Mi Credit | 1,000 Rs. – 2 Lakh | 1.35% – 3% Per Month | 1.99% + GST |
| Indiabulls Dhani Apps | 1,000 Rs. – 15 Lakh | 13.99% per Annum | Start at 3% |
| mPocket | 500 Rs. – 10,000 Rs. | 3% Per Month | 34 Rs. – 203 Rs + 18% GST |
| Money View | 10,000 Rs. – 5 Lakh | 1.33% Per Month Min | Calculated according to Money View. |
| CashBean | 1,500 Rs. – 60,000 Rs. | 2.75% Per Month | Up to Rs. 3,000 |
| Shubh Loans | 25,000 Rs. – 5 Lakh | 1.25% – 2% Per Month | As per the guidelines in force |
| MudraKwik | 1,000 Rs. – 5 Lakh | 34.6 % Per Annum | 900 Rs. |
| Instamoney | Up to 10,000 Rs. | 24% Per Annum | Depending on the loan amount |
Mi Credit – Instant Personal Loan Apps, Cash Online
Who does not know MI, it is a very well known mobile manufacturer. If you want an Instant personal loan, then you should use the MI Credit app. It is a reliable app issued by mi from where you can quickly get a loan.
For this, you can take a loan of up to 2 lakhs immediately with some documents’ help. And so far, more than 10 lakh people have used it.
To get a loan from Mi credit, you will first have to download the mi credit app and install it by going to the Google Play Store. After installing it, you have to open it and register through your mi account or phone number.
After registering, you have to upload some documents like ID proof and address proof for KYC. After this, you have to submit your bank details to it.
If all your documents are correct, then you can further process the loan. After this, you have to select the amount of your loan. And after this, how much time you will repay the loan is to be selected and submitted. If you successfully do all these tasks, then your loan is approved.
And the amount of your loan gets in your bank account. On the Mi credit app, you get a loan of up to 2 lakhs according to your eligibility. On this app, you will have to pay an interest rate of 1.35%. You get time from 91 days to 3 years to repay the loan.
Indiabulls Dhani App
The Dhani app is very reliable for taking loans in India because Mahendra Singh Dhoni is promoting this app. In this app, you can get a loan with some documents very quickly.
To take a loan with the Dhani app’s help, you should have an Aadhaar card, PAN card, mobile number, and email ID.
For this, first, you go to Google Play Store and download and install the Indiabulls Dhani app. After that, open this app and create your account through your phone number.
After this, you have to submit the required document and loan amount according to your need and qualification. If all your documents are correct, then your loan will be approved very soon.
On taking a loan from the Dhani app, you have to pay an interest rate of 11.99% annually. And with this, you will have to pay a 3% processing fee.
mPocket – Best Instant Personal Loan Apps for Students
mPocket is an app that gives loans to both students and job seekers. If you are a student and want to take a loan for your college expenses, you can take it with its help. And if you do a job, you will get a loan on this very easily.
To take a loan from mPocket, the student needs the ID and address proof of the college. On this, students can get college expenses, tuition fees, exam fees, hostel fees, loans to buy books.
To take a loan through this app, you have to go to the Google Play Store and download and install the mPocket app. After this, you have to be uploaded KYC and the necessary documents, video verification, address proof, and student ID card.
After this, you have to wait for some time, and your verification will be done. When your verification is complete, you will be notified via SMS.
After verification, you have to submit the loan amount, repay the loan, and select your account number. After this, when your loan is approved, the loan amount will come into your bank account.
On the mPocket app, you can take a loan ranging from 500 rupees to 10 thousand rupees. You get 3 months to repay the loan. On taking a loan from mPocket, you will have to pay interest from 3.5% to 5%. And it depends on your money amount.
Money View – Instant Personal Loan App
Like other apps, you can also get a personal loan with the help of Money View. If all your documents are correct, then you can quickly get a loan in minimum time.
But your credit score should be suitable for this. When you download this app and open it on your phone, you will see a page.
There you will see the option of check eligibility, in front of which the submit info button will be there; you have to click on it. After this, you have to enter your salary and business information. And here, you also have to provide the PAN card number.
After submitting all the information well, you will know whether you will get the benefit or not. If you get a loan, then in the other process, you will be asked to upload your bank details and selfie.
After this, your name will be wholly approved, and money will be transferred to your account. They do not pay for a single day; you have to repay the loan in a few months. Along with this, you will also be told when and how many EMI will be cut.
CashBean – Personal Loan App
CashBean is a platform where you can easily get a loan based on your salary in a minimum time. For this, you need to give very few documents. So you have to download and install this app on your phone and fill the form and submit it. You will get a loan.
To take a loan on the Cashbean app, you must first download and install it from the Play Store. After this, you have to register through your mobile number in this app. After this, you will be asked for some basic details.
In basic information, information about your name, address, earnings, etc., is taken. Then after that, you will be asked for your Aadhaar and PAN number.
After submitting all the information, you will get a call. Through which you will verify that the person taking the loan is you. After verifying the loan, you are signed online on the loan agreement. After a few minutes, the loan amount is added to your account.
Through this app, you can take a loan from 1.5 thousand to 60 thousand rupees. On taking a loan from this app, you may have to pay an interest rate of 33% per annum.
Along with this, a processing charge of Rs 90 to Rs 820 is also charged. Here you get 91 days to 120 days to repay the loan.
Shubh Loans
The Shubh Loans App is also excellent for taking a personal loan from our list of Instant Personal Loan Apps. With the help of this app, you can take a loan of 25 thousand to 5 lakh. For this, you have to provide your details, Aadhaar number, PAN card number, and bank details.
Applying for the loan by giving the correct document, your loan will be approved after some time, and the loan amount is sent to your bank account. In the Shubh loans app, you get 1 to 4 years to repay the loan, And here you have to pay interest of 18% to 32% for the loan.
Mudrakwik – Instant Loan App
Mudrakwik app allows you to get loans from 1 thousand to 5 lakh immediately. You have to provide the correct document, and after the loan is approved, the money comes into your bank account.
To take a loan from the Mudra Kwik app, you must be an Indian citizen between 18 and 45 years of age. Should be: To take a loan from here, salary should come in your account every month. Because through this app, only jobbers can get loans, and whose bank account receives a salary every month.
InstaMoney – Instant Personal Loan Advance Salary
There is an app with the help of getting a loan of 5 thousand to 10 thousand rupees immediately. But for this, it is important to have a salary in your bank account every month.
To take a loan on the Insta money app, you should have a PAN card, an Aadhaar card, a 3-month bank statement PDF, permanent address proof, and your photo.
The facility to take a loan from this app is available only in some states of India, and to take a loan on this; you have to pay a fee to start a loan of 199 rupees.
From here, you have to pay an interest rate of 48% per annum. And with this, you have to pay processing fees from Rs 200 to Rs 400. If you do not need much money, then you can borrow from someone else by not using these apps.
Because here you have to pay a very high interest rate. The penalty can also be imposed for not filling EMI at the right time.
Documents Required For Instant Personal Loan Apps
To take a loan from Instant Personal Loan Apps, you must have an Aadhaar card. You should have your mobile number, email ID, and PAN card. Along with this, you should have your bank account number, bank IFSC Code, 6-month bank statement IFSC Code, and salary slip in banking details.
All these documents should be in jpeg or pdf format. You have to keep in mind that your mobile number should be linked to the Aadhar card and PAN card. And you should have the image of your signature and the image of your face.
Sometimes, you may need your salary information, age, credit score, education details, etc., to take a loan from an Instant Loan App.
Things To Keep In Mind While Taking A Personal Loan
Whenever you apply for an instant personal loan from an app, you should take care of some things there to not have to face any problem later. While taking a loan, you should know how much time you have to pay EMI.
Also, do not sign any loan-related documents without reading. The whole rule should be well-known Add to the payment recovery. And find out whether you have to pay processing fees to take a loan.
FAQ’s on Instant Personal Loan Apps
Which is the best personal loan app?
Mi Credit is the best for personal loans. On this app, you will have to pay an interest rate of 1.35%. You get time from 91 days to 3 years to repay the loan.
Can I get an instant loan?
Yes, You can get an instant loan by using these apps; they provide the loans within two days.
How can I get a personal loan without proof of income?
1. It would be best if you had a High CIBIL score, around or above 750.
2. Providing proof of income from other sources. And tell you why you don’t have the necessary documents.
3. You have to apply with a co-applicant or guarantor.
4. It would help if you gained the trust of your lender to get a loan approved.
List of the best instant loan apps in India.
These are some best instant personal loan apps in India:
1. Mi Credit
2. Indiabulls Dhani Apps
3. mPocket
4. Money View
5. CashBean
6. Shubh Loans
7. MudraKwik
8. Instamoney
Conclusion
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