fbpx

5 Best Apps that Loan You Money Instantly

Life’s unpredictability often throws us into the deep end of unforeseen financial challenges, demanding instant solutions and leaving us urgently seeking financial relief. Fortunately, the marvels of modern financial technology have ushered in a new era of convenience, where a multitude of mobile apps now offer swift and frictionless access to much-needed loans. However, given the plethora of instant loan options available in this day and age, it can be difficult to choose the best loan app for personal loans.  

We are here to help you explore the finest apps in the market that deliver quick loans, while delving into the exceptional services that they offer. Here are 5 of the best loan apps for personal loans in India:

Finnable

Finnable is a trusted name in the lending industry, known for its quick loan approvals and seamless user experience. To apply for a loan with Finnable, you will need to submit your PAN card, Aadhaar card, bank statement, and proof of income. These documents help Finnable evaluate your repayment capacity and customize loan offers accordingly.

Finnable offers loans at interest rates starting from 16%, making their services accessible to a wide range of borrowers. The maximum loan amount available is ₹10 lakhs, catering to all your urgent financial needs. The tenure options range from 6 to 60 months, allowing borrowers to repay the loan in a relatively short period.

Like other reputable lenders, Finnable is registered with the RBI, which makes it one of the safest and best instant personal loan apps in the Indian lending environment.

LoanTap

LoanTap is a leading online lender that offers a wide range of loan products tailored to individual needs. They provide quick and hassle-free loans with an easy application process. To avail of their services, you need to submit essential documents such as your PAN card, Aadhaar card, bank statement, salary slip, and proof of residence. The variety of documents required ensures that LoanTap can make well-informed lending decisions.

Interest rates with LoanTap start at a competitive 15%, making them an attractive option for borrowers seeking affordable financing. The loan amounts offered by LoanTap go up to ₹10 lakhs, providing ample financial support for various purposes. Additionally, the flexible tenure options ranging from 6 to 60 months allow borrowers to choose repayment terms that suit their financial capabilities.

StashFin

StashFin is a rapidly growing fintech company that offers digital lending solutions designed to simplify the borrowing experience. To apply for a loan with StashFin, you will need to provide your PAN card, Aadhaar card, bank statement, and proof of residence. These documents help StashFin assess your creditworthiness and offer loan amounts accordingly.

Starting at an attractive interest rate of around 12%, StashFin provides borrowers with affordable loan options. The maximum loan amount offered by StashFin is ₹5 lakhs, catering to individuals with varying financial requirements. The flexible tenure of 6 to 36 months allows borrowers to choose the repayment schedule that aligns with their financial capacity.

Tata Capital

Tata Capital is a well-established financial institution offering a range of lending and investment products. To apply for a loan with Tata Capital, you will need to provide essential documents such as your PAN card, Aadhaar card, bank statement, and proof of income. These documents help Tata Capital assess your creditworthiness and eligibility for the loan.

Interest rates with Tata Capital start at an attractive 11%, making them a competitive option for borrowers seeking affordable financing. The loan amounts offered go up to ₹35 lakhs, providing borrowers with substantial financial support. Tata Capital’s flexible tenure options of 6 to 72 months enable borrowers to choose repayment terms that suit their financial capabilities.

PaySense

PaySense is a popular digital lending platform that aims to provide instant loans with minimal documentation. To apply for a loan with PaySense, you will need to submit essential documents, including your PAN card, Aadhaar card, bank statement, and proof of income. These documents enable PaySense to assess your financial stability and offer loan amounts accordingly.

With interest rates starting at 16%, PaySense provides competitive loan options to its customers. The loan amount offered can go up to ₹2 lakhs, catering to various financial needs. The flexible tenure options of 6 to 24 months give borrowers the freedom to choose repayment terms that align with their financial situation.

Note that the information provided here is subject to change with time. While all of the aforementioned apps are RBI-registered and adhere to all legal guidelines, please ensure that your needs align with their loan offerings before you apply.

Conclusion

The mentioned top lending apps offer convenient and reliable loan options to individuals seeking instant financial assistance. With their user-friendly interfaces and quick approval processes, borrowers can access funds easily to meet their financial needs. As responsible borrowers, it is crucial to carefully review the terms and conditions of each loan offer and choose the one that best suits your requirements and repayment capacity. Always borrow responsibly and ensure timely repayments to maintain a healthy financial profile.

Amit Arora Finnable

AMIT ARORA

I am a seasoned retail banker with over 21 years of global experience across business, risk and digital. In my last assignment as Global Head Digital Capabilities, I drove the largest change initiative in the bank to deliver the end-to-end digital program with over US$1 billion in planned investment. Prior to that, as COO for Group Retail Products & Digital, I implemented a risk management framework for retail banking across the group.
Finnable Logo