Top 5 Instant Loan Apps for Quick Cash

Personal Loans help you get instant loans whenever you’re in need of money. There can be various situations in life when you need urgent funds. Some of them can be repayment of a debt, a child’s marriage, a foreign trip, etc. One can avail of these loans through different an instant loan app which provides the loans quite faster. Other than this, they require minimal documentation, which makes the process even quicker. In this article, we’re going to cover some of the instant loan apps that can be considered by anyone who is above the age of 18 years old and is in need of quick money. 

KreditBee

KreditBee provides a variety of personal loan options tailored to different needs. They offer a flexible personal loan, ideal for emergencies or smaller expenses, as well as loans for both salaried and self-employed individuals. Depending on the chosen loan type, borrowers can access amounts ranging from Rs. 1,000 to Rs. 4 lakhs. KreditBee has a quick loan disbursal process, claiming to deliver funds within just 10 minutes. Interest rates vary between 5% and 29.95% per annum, depending upon the borrower's credit history and other factors. Repayment terms begin at 3 months for the Flexi loan and extend up to 10 months, while for salaried individuals, it can be as long as 24 months. 

Tata Capital

The Tata Capital App helps to apply for the loan directly without facing any major problems. The amount that can be used is from the range of Rs. 5000 to Rs. 10,00,000 and all this can be done through a few taps on your phone. Other than this, the app provides the interest rates at as low as possible, which starts from 10.99%. The repayment tenure offered by this app is from 12 months to 84 months. Also, this app has a transparent fee structure.

Moneyview

Moneyview swiftly disburses approved loan amounts within 24 hours, while eligibility checks take just 2 minutes from anywhere in the country. With only three document requirements, address, identity, and income proof, the application process is simplified. This instant loan app is one of the considerable options among youngsters as they often need such quick funds to make payments.  Borrowers can access amounts ranging from Rs. 5,000 to Rs. 10 lakhs, with interest rates starting from 10% per annum and repayment tenures extending up to 60 months. Additionally, Moneyview's unique credit rating model accommodates individuals with low credit scores, offering accessible loan options without requiring collateral.

Conclusion

Personal loans are a quick solution when you need money urgently for various reasons like paying off debts, weddings, or travel. Several personal loan apps offer fast loans with minimal documentation, making the process smooth and fast. Some popular apps like KreditBee, Tata Capital, and Moneyview provide flexible loan options, quick disbursals, low interest rates, and transparent fees, catering to different needs and preferences.