The digitalization boom has changed the world and finance and banking sectors are no exception. From finding change to not taking candy in exchange the scenario came where we just scan and pay. While it has made our lives easy, loan processing has also become quick and easy. Now you can easily avail of a loan using a personal loan app in no time.
The easy application process, 24×7 customer support, secure platform, auto direct facility, and 100% paperless credit; are a few factors every app must have. Apart from these, based on your requirement and eligibility you can choose the right one for you. Following are the top five instant personal loan apps that can help you to get an instant loan in no time.
Top 5 Personal Loan Apps
FlexSalary: FlexSalary is an NBFC-backed line of credit provider that gives credit exclusively to salaried professionals. When you are looking for an instant loan app it can help you immediately with its easy application process. It has a 100% online application process which means anywhere from India at any time can access this credit facility. Just with your name, contact and PAN details you can complete the registration process. Nothing more than your Aadhaar card, PAN card, salary slip, bank statement and one photograph was demanded as documents. You can easily upload them and proceed with online KYC for verification. Anyone with a salary of Rs.8000 per month is eligible to apply for a credit line here. The credit limit varies between Rs.500 to Rs.2,00,00 at FlexSalary. Within 24 hours of application, you can access the credit in your account while repayment is also accepted in flexible installments. No fixed EMI, no hard credit check, no collateral, and no hidden charges; altogether it makes the best loan app for you.
FlexPay: FlexPay is another great provider of instant credit. It also works as a buy now pay later app. Using this you can apply for a credit limit of up to Rs.2,00,00 without any collateral or hard credit pull. It can be the best credit provider for all your daily needs and multiple expenses. In a simple and 100% secure process you can go cashless using this Instant personal loan app. Besides quick approval on credit, you can use it for scanning and paying while also tracking your spending behavior. To manage a budget or to give a push to your salary this is the right app for you.
FlexLoan: FlexLoan is another product of FlexSalary which gives an instant loan in no time. It’s a collateral-free loan that you can apply for based on your salary slips and bank statements. While it is 24×7 accessible it is equally good when it comes to repayment. In flexible installments, you can pay off your dues without any additional charges. It comes with a flexible tenure of 36 months during which you can repay at any time. As long as you are paying minimum monthly dues no penalties will be applied. It also has easy renewal that you can go for after full repayment. You need not apply for a new loan every time you need some credit support. It works as a lifetime personal loan for you despite taking one-time processing fees. The credit limit here also is up to Rs.2,00,00 making it perfect for both your small and long-term cash needs.
India lends: India lends yet another great personal loan app. It has a hassle-free application and process that you complete without any professional help. It works as a platform where you can compare loan plans and choose the best one for you. Starting from checking your credit score to knowing the rate of interest on the loan, everything is possible easily on this platform.
IndusInd Bank: With zero processing fees you can avail of an instant loan of up to Rs. 5 lakhs at IndusInd bank. The lowest credit limit is Rs.30,000. In a simple application process with no paperwork, you can avail of a loan from here. You can apply for this loan without any collateral. Your income statement and credit score or enough to prove you as a potential borrower. With minimal documentation and a completely online application process, you can avail of this loan in no time. This loan is also available for both salaried and self-employed people.
Amongst all these apps you can use any to apply for a loan. Whether you are stuck in an emergency or need cash for any urgent requirement, using an instant loan app can be the best way to meet them. Since multiple lenders are available in the market you get to make a choice based on your requirement and repayment capacity. Based on your credit history, income, DTI ratio etc. you can also negotiate for a better rate of interest. Since all the lenders are available online you can check out their details digitally and make an informed decision.
Before using an app it is recommended that you mandatorily check if it's secure or not. Only use an end-to-end encrypted instant personal loan app while borrowing money. It keeps you safe from any cyber breach and also never compromises your personal or financial details.
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FlexSalary Joined: June 1st, 2021 Articles Posted: 7
