Best Loan apps to install to get emergency funds without any delay in august 2023
1. PaySense: PaySense is a popular instant loan app, enabling users to obtain personal loans up to ₹5 Lakhs at interest rates starting from just 1.08% per month. The app requires minimal documentation and does not depend on credit history.
Interest Rate: 1.08% to 2.33% per month
Loan Amount: ₹5,000 to ₹5 Lakhs
App Rating (on Play Store): 4.5
2. KreditBee: KreditBee offers quick loans of small amounts with an easy application process and minimal documentation. Its user-friendly interface makes it stand out among other instant loan apps.
Interest Rate: 10% to 29.95% per annum
Loan Amount: ₹1,000 to ₹3 Lakhs
App Rating (on Play Store): 4.4
3. CASHe Personal Loan App: CASHe has tie-ups with major e-commerce platforms like Amazon, Flipkart, and Big Basket, allowing users to make purchases and pay later. Additionally, CASHe offers loan insurance policies on the platform.
Interest Rate: Starting at 2.5% per month
Loan Amount: ₹1,000 to ₹4 Lakhs
App Rating (on Play Store): 4.4
4. EarlySalary Instant Personal Loan App: EarlySalary caters to salaried individuals with short-term personal loans that come with quick approval and a straightforward documentation process. Users can also avail low-interest financing for purchases on select online portals.
Interest Rate: 12% to 30% per annum
Loan Amount: ₹8,000 to ₹10 Lakhs
App Rating (on Play Store): 4.5
5. SmartCoin: SmartCoin is suitable for those seeking small, instant personal loans for short tenures. The app uses artificial intelligence and proprietary algorithms to process loan applications.
Interest Rate: Up to 36% per annum
Loan Amount: ₹4,000 to ₹1 lakh
App Rating (on Play Store): 3.9
6. LazyPay: LazyPay, powered by PayU, provides instant personal loans for small amounts and offers credit line facilities to selected customers.
Interest Rate: 15% to 32% per annum
Loan Amount: Up to ₹5 lakh
App Rating (on Play Store): 4.4
7. Branch Personal Loan App: Branch, an international player in the microlending space, offers instant personal loans up to ₹50,000 with interest rates starting from 15% per annum.
Interest Rate: 15% to 34% per annum
Loan Amount: Up to ₹50,000
App Rating (on Play Store): 4.4
8. Navi: Navi, a new-age fintech startup, offers instant personal loans up to ₹20 Lakhs with an intuitive and user-friendly interface.
Interest Rate: Starting from 9.9% per annum
Loan Amount: Up to ₹20 Lakhs
App Rating (on Play Store): 4.2
9. Money View: MoneyView caters to urgent cash needs with instant personal loans of up to ₹5 Lakhs for a tenure of up to 5 years.
Interest Rate: 1.33% per month onwards
Loan Amount: ₹5,000 to ₹5 Lakhs
App Rating (on Play Store): 4.6
10. PayMe India: PayMe India offers short-term loans to corporate employees, providing instant personal loans of up to ₹2 Lakhs.
Interest Rate: 18% to 42% per annum
Loan Amount: Up to ₹2 Lakhs
App Rating (on Play Store): 4.3
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