There are a large variety of loan apps available in the market. But to make the choice for the best loan app is a little bit confusing. The primary parameter with which you should judge a personal loan app is its security. The security of your highly sensitive information and your money is extremely important when dealing with online loan apps. To help you choose, here is a list of India’s most secure and user-friendly, trusted loan apps.
Below are the ten user-friendly best online loan apps available in India. Need a personal loan immediately? Go through the blog to discover the best loan apps in India.
10 User-Friendly Best Online Loan Apps in India
- Fullerton India Insta Loan App
The Fullerton India Insta loan app is the best instant loan app out there. This trustworthy loan app is authorized by the RBI and offers the best deals in instant loans. It provides a hassle-free lending experience to the user.
The app also offers interest rates as low as 11.99% and a flexible tenure of up to 60 months. It has dedicated customer support that can guide first-time app users through the app. The app’s 100% paperless and seamless experience makes it the top user-friendly app available in the market.
- PaySense Loan App
PaySense is one of the best user-friendly loan apps in India. The app is the best because it makes things easier. Documentation and managing other details are handled very carefully, and the approval for the loan gets passed immediately after applying. The app recently merged with LazyPay and came on top. You can get your desired amount directly after using this instant loan app.
The app does not ask you to give any payslip or demand you to courier all your documents or scan them. The company collects the paper from the doorstep of your home and approves your requests quickly. You can apply any amount ranging from 5,000- 5,00,000. The EMI plans are also manageable, and the interest rate ranges from 1.08 to 2.33 percent.
- MoneyTap Loan App
MoneyTap requires minor paperwork and is one the fastest apps to get an instant loan. To attain an instant credit via the instant loan app, the procedure is to download the app and register yourself. After the process is completed, you need to fill the KYC form.
After the approval of the form based on your credit score, you can avail yourself of any loan amount. If you want a personal loan for any reason, you can visit this app to get an instant loan online. The interest rate varies from 1.08 to 2.03 percent per year, and your maintained credit score helps you apply for even a loan of ₹5,00,000 through the instant loan app.
- Dhani Loan App
Dhani is a lifeline for students who work part-time. They can depend on this loan app to get a loan online without much requirement documentation and payslips. Students can also receive a lifetime cashback card, and that’s why there is no requirement for payslips. The interest rates of the instant loan app range between 1 to 3.17 % per year. It is one of the best loan apps in India, and the maximum loan amount you can borrow is 5,00,000.
- Nira Loan App
Nira is the best instant loan app as you can borrow massive amounts instantly without much hassle. You will have to download the app and register yourself to enjoy the advantages of the app. You just need to link a bank account, and after a while, the money will be transferred when the loan gets approved. The internet rate ranges from 1.5 to 2.5%, depending on your credit score.
- CASHe Loan App
The interest rates start from 1.75%in this instant loan app. CASHe is easy to manage, it is simple to log in to the account, and the app furthermore offers a wide variety of loans. It is partnered with Flipkart, Amazon and Big Basket, where it provides you with the opportunity to buy in the present moment and pay later.
- Home Credit Loan App
This instant loan app offers short-term loans to students who require money for a shorter duration of 26 months. The app is best for all Indian citizens, be it students or the elderly. The interest rate provided by this instant loan app ranges from 2.4 to 3.3%. The maximum loan limit is ₹2,00,000.
- PayMe India Loan App
PayMe India is one of the best loan apps in India. The app offers loans to satisfy the needs of every individual. The interest rate ranges from 2-6% per year, and the maximum amount you can borrow is one lakhs. The app only asks you to register yourself, fill in the KYC details, and choose the plan you want.
- India Lends Loan App
India Lends a premium loan app that offers you loans up to 50 lakhs at interest rates as low as 10.75%*. You can also check your credit score instantly using the tools available in the app. In short, India Lends app is an excellent solution for all your financial needs.
- Money View Loan App
Money View app offers you instant personal loans up to 5 lakhs at low interest rates and minimum paperwork. Using this app, you can avail of personal loans from ₹10,000 up to ₹5 Lakhs at a flexible tenure of up to 5 years.
Additional Read: Here’s How to Check Your Credit Card Application Status online
Though the choices are plenty and the interest rates are competitive. It is always best to choose a safe RBI authorized trusted lender to have a hassle-free loan experience.
