Instant Personal Loans in India – A Full Guide

Instant Personal Loans in India.
Instant Personal Loans in India.

Introduction: Hello friends we are back with a information of Instant personal loans in India. Banks, Financial institutions, NBFCs and P2P lending Platforms will give you instant personal loans without any hassles and that too in a few minutes.

A step by step guide to Instant Personal Loans in India

The period of approval of these instant loans will be a minimum of 1 minute. You will be able to get the amount of loan ranging between Rs.5,000/- to a maximum amount of Rs.5 lakh.

PaySense 

This is an app which will provide you with instant personal loans with options of repayment which are affordable. You will not be required to submit any documents physically for the application of loan. You can consider uploading the documents online in the format you wish and the approval of loan takes place as soon as possible.

Features and benefits of PaySense App
  • You will be able to get loans between Rs.5,000/- to Rs.5 lakhs.
  • The application of loan using the app can be done in a few simple steps.
  • You will be required to download and install the PaySense application from Play Store. Then, you will be required to check your loan eligibility. After that, you have to select the combination of EMI and tenure from the plans which are available on the app.
  • Once the approval of the loan is done, you will have to upload the necessary documents for the completion of KYC.
  • After the process of application is done, the money will be transferred to your account.
  • If you already have a loan from PaySense, the process of documentation for the new loan will be easy.
  • The lender will provide easy plans for repayment and the facility of auto-debit for EMIs.
  • This app will meet the requirements of the users who are not having any credit history at all. Such people will find it tough to avail a personal loan from normal banks in India.
Eligibility Criteria required to get a PaySense loan

For getting this loan, your age should be between 21 to 60 years. You should be a salaried employee with a minimum income of an amount of Rs.12,000/- per month or you can also be self-employed who earns an amount of at least Rs.15,000/- per month.

RupeeLend for Instant Personal Loans in India

Rupeelend is a well-known financing company which will provide short-term loans for customers and businesses. This will provide a trustworthy method in which you can get money on your emergency.

Rupeelend app features and benefits
  • You will be able to receive loans up to a maximum amount of Rs.1 lakh.
  • The complete process of application will take only three minutes from beginning to ending.
  • The process of documentation is not so long and there is no requirement to meet anyone in person.
  • This loan will be approved in an instant manner and the funds will be credited to your account in an hour.
  • If you have paid your first loan on time, you can apply for another one immediately, if required.
  • The company will not levy any extra charges for any early repayment of funds. If you do so, the amount of interest will be decreased to the exact days for which you have taken the loan already.
Eligibility criteria required for the application of loan on Rupeelend

All the citizens of India who are above 18 years of age will be able to apply for a quick cash loan from Rupeelend. You should be a salaried employee, business professional or a self-employed individual. You should also be able to earn sufficient to be able to repay the loan correctly.

CASHe for Instant Personal Loans in India

CASHe will give you short-term personal loans by a predictive algorithm which is referred to as SLQ(Social Loan Quotient). This app targets professionals who are young and salaried. SLQ will assess your profile depending on a system which is very much different than the traditional methods used by top banks and NBFCs.

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Getting Personal Loans from App.
Getting Personal Loans from App.
Features and benefits of CASHe app
  • You can receive loans between the amounts of Rs.10,000/- to Rs.2 lakhs.
  • This app will make the process of loan hassle-free. Here are the loan application steps
    • You will have to download this app and then install it. You can register to it using Google+, LinkedIn, Facebook.
    • You should fill the application form and then upload the required documents by making use of your phone.
    • Depending on the eligibility, you will be required to select the amount of loan.
    • The funds will be disbursed to your account in just a few minutes.
    • The repayment of the loan can be done through deposits of cheque or bank transfer. Repayments done in a timely manner will raise your Social Loan quotient.
    • SLQ will consider your social media footprint, monthly salary, career and your education. As you spend more time in the digital space, your SLQ will evolve.
    • Repayments of loan should be made using NEFT only. Repayments of cheque and IMPS are not considered.
    • The program of CASHe Crown Rewards will give special benefits to its privileged customers.
    • The EMI MCard of CASHe will allow you to shop for an amount maximum of Rs.10,000/- at merchants who have Mswipe terminal. The purchases made using this credit card will be converted into EMIs for three months.
    • The facility of CASHe BuddyTransfer will allow you to transfer money from your CashE app to friends or family members who are on the contact list of your phone.
Eligibility criteria to get a loan from CashE app

You should be above 18 years of age and your monthly income should be Rs.15,000/- or above to apply for a CASHe personal loan. You will be required to submit salary slips, bank account, proof of identity and address proof.

MoneyView for Instant Personal Loans in India

Money View will provide personal loans to customers across India. You can apply for the loan in an easy manner as the process of loan application is completely paperless. The app of Money View loans will allow the individuals with low credit score get loans as the credit model followed by MoneyView is entirely different from the traditional methods.

Main benefits and features of MoneyView app
  • You will be able to receive loans between the amounts of Rs.10,000/- to Rs.5 lakhs.
  • The process of application of loan is easy and comfortable.
  • You will be required to make sure to check your eligibility and identify the maximum amount of loan. This will take up to 2 minutes.
  • The app of Money View loans has to be downloaded and installed.
  • The documents which are required and your personal details should be provided in the app.
  • Within 24 hours of loan approval, the amount of loan will be disbursed to your account.
  • You should submit the documents like your proof of Identity like Aadhaar card or PAN card, proof of address, bank statement in PDF format.
  • You also have an option to customize your loan tenure and the amount of loan by using the app. If you are facing any difficulty or have any doubt, there is a wonderful support team who would assist you regarding this.
Eligibility criteria required for the application of loan through Money View app

You should be a salaried employee or a self-employed individual. If you are salaried, then you should be having a salary of Rs.13,500/- and if you are self-employed, then you should be earning at least an amount of Rs.25,000/- per month. Your CIBIL score should be at least an amount of 650. Your Experian score should be at least 750. Your age should be between 21 to 57 years and you should be receiving your income in a bank account which is valid.

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Credy for Instant Personal Loans in India

Credy will provide you with instant personal loans where the money will be disbursed into your account within 48 hours. The loan will be approved instantly in just a minute and this is the highlight of this loan. The online process of loan application is efficient and this is followed by the company reducing several costs compared to traditional lenders.

Benefits and features of Credy app
  • You will be able to get loans to a maximum of Rs.1 lakh using this app.
  • This will let you make repayment of the loan as soon as the first EMI is paid.
  • The fees and charges associated with this loan are very minimal.
  • The support service provided by the company is noteworthy. You can also consider contacting the lender through the website, app or IVR channel.
  • If you repay the loan on time, then you will also be eligible for top-up loans.
  • You will also be provided with bonuses for early repayments, referrals and sharing.
  • If you have a low CIBIL score, still you can consider applying for a Credy loan through its app.
  • You can pay the EMIs through the payment gateway on the website of the lender. They will collect NACH slips from the borrowers. After the approval of the loan, the EMI of the loan will be deducted automatically from the bank account on the due date of payment.
Eligibility criteria required to apply for a loan through Credy App

You should be a salaried employee who gets a minimum income of an amount of Rs.15,000/-. You should also have a valid Aadhaar card number as well. Personal loan applications will be considered from the cities like Pune, Hyderabad, Chennai, Bangalore and Mumbai.

Early Salary for Instant Personal Loans in India

This is the app which will put an end to your month-end financial issues. It will provide you with advance salary loans and you will be required to pay interest for the number of days for which you have used the money.

Features and benefits of Early Salary app
  • You will be able to receive loans between the amounts of Rs.80,000/- to Rs.1 lakh.
  • You can use your Early Salary limit for making purchases at Amazon. You can also consider repaying in 3 or 6 EMIs.
  • You can also transfer the credit provided by EarlySalary to Future Pay. This will enable you to shop at BigBazaar and then consider repaying in 3 Zero-cost EMIs.
  • The repayments of the loan will be debited from your account automatically.
  • You can also consider prepaying the loan amount with no additional cost using the mobile app.
  • You can also get as many loans as required by using this app. Anyways, you will be required to wait for a minimum of 5 days for the application of the second loan, after the total repayment of the first loan.
  • You can consider signing in to the app by using your Facebook account. This will help you to develop your “Social Worth score”, and also for determining your loan eligibility.
Eligibility criteria required for the application of loan on Early salary app

You should be a salaried employee who is above 21 years of age and this will make you get the loan instantly in minutes. Your take-home salary should be a minimum amount of Rs.20,000/-. These loans are provided in the cities of India like Jaipur, Ahmedabad, Pune, Delhi, Visakhapatnam, Chennai, Hyderabad, Mysore, Vijayawada, Chandigarh, Mangalore, Delhi NCR, and Mumbai.

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Eligibility for Getting Personal Loan.
Eligibility for Getting Personal Loan.

LazyPay for Instant Personal Loans in India

By making use of LazyPay app, you will be able to receive instant personal loans in simple steps. You will be required to make payments of interest on the amount which has been availed. Options of repayments are also flexible.

Main benefits and features of LazyPay app
  • You will be able to receive loans starting from the minimum amount of Rs.10,000/- to a maximum amount of Rs.1 lakh.
  • You can also consider updating some basic details in the app and receive your unique credit limit.
  • This app will allow you to use your credit limit for shopping on Amazon, Flipkart and many other websites. The purchases you make are consolidated into one bill and you can consider repaying them on the 3rd and 18th dates of each month.
  • This app will also allow you to get regular reminders of a payment which is pending, tracking spends and then make repayments quickly.
  • The process of application of loan will have very minimal paperwork. The only documents you will be required to submit are Photo ID proof, bank details, proof of address and your selfie.
Eligibility criteria required for the application of loan on LazyPay

For getting a loan on LazyPay app, you should be between the age group of 22 to 55 years. You should also reside in any of tier 1 or tier 2 cities present in India and the main thing is that you should be a salaried employee.

mPokket for Instant Personal Loans in India

This is an application which is based on the digital lending market place which will allow you to get financial independence. Once the installation of the application is done and the approval of account is done, mPocket will work as a virtual credit card. Users will be able to borrow any amount they require and the funds will be disbursed within 24 hours.

mPocket app features and benefits
  • The credit limit will start from the amount Rs.500/-.
  • When you submit the application of loan, it will get approved in just a few hours.
  • Loans will be disbursed to the bank account or to your PayTm wallet depending on your choice.
  • The process of repayment of loan is easy. You can make payments using your debit card, PayTm wallet and UPI account.
  • The documents you will be required to submit are the copies of your student ID card, aadhaar card, a selfie video. Few basic information about you is also required to be submitted.
  • The app also has reward points program which will be advantageous to diligent users. They will be able to receive mCoins through referral. mCoins can also be received when connections take and make repayments of loans on time by making use of the aoo. This program will provide tiers to users. Receiving more coins will help you to move up to tiers. If you are in a higher tier, you will be able to receive higher credit limit on loans and a good amount of cashback at the time of application of loan.
Eligibility criteria required for the application of mPocket loan

Undergraduate and postgraduate students whose age is above 18 years will be able to apply for this loan. Students will be required to have a valid mobile number and bank account. Students who study corresponding courses will not be eligible for applying to this loan.

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MoneyInMinutes for Instant Personal Loans in India

This loan will provide payday loans which will help you finance your emergency requirements. The platform reward points users for loyalty and repayments in a timely manner. Reward points will be in the form of cashback, raise in tenure of loan or discounts on rates of interest.

Features and benefits of MoneyInMinutes
  • You will be able to receive payday loans for meeting your emergency cash needs if you are a salaried individual.
  • Mini loans which are less than the amount of Rs.3,500/- can be availed and the amount of loan can go up to a maximum of Rs.1 lakh.
  • Loans which are provided for individuals who are unemployed individuals will be dependent on particular risk factors.
  • Tenure of loan should be between 60 to 180 days.
  • You will be able to receive loans from Rs.1,500/- to Rs.2 lakhs.
Eligibility criteria required for the application of MoneyInMinutes loan

You should be above 18 years if age to apply for this loan. You should be a full time employee with a monthly income of a minimum of Rs.10,000/-. The salary has to be in your account every month on a fixed date.

Quick credit for Instant Personal Loans in India

QuickCredit is a lending platform online which will provide loans to customers for several purposes like repayments of credit card, marriages, needs of advance salary and medical emergencies. The process of verification is completely paperless and the service is available in all the important cities of India.

Benefits and features of QuickCredit
  • This will provide salary advance loans starting from Rs.1,000/- to Rs.50,000/-.
  • There is a registration process which will be completed in one step.
  • You will be able to receive loans without any efforts from the lending program which is application based.
  • The quicker you are repaying the loan, the lesser is the rate of interest and charges.
  • You will be able to receive 100% unsecured loans.
  • You can repay the loans within 30 days.
  • Processing fee of this loan would be Rs.100/-, Rs.300/- or Rs.500/- depending on your membership.
Eligibility criteria of the application of QuickCredit loan

Loans will be provided in the cities of India like Hyderabad, Bangalore, Delhi, Chennai and Pune. You have to be registered on the QuickCredit Platform for being eligible to borrow. QuickCredit will validate your social credibility and personal/professional credibility if the applicants for approval of the loan. All the residents of India who are above the age of 21 years who are either a salaried individual or self-employed professionals will be able to apply for a loan using this platform.

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FlexSalary for Instant Personal Loans in India

FlexSalary is an online lending platform which will provide you with the short-term loan for your emergency requirements. The terms of repayment of the loan are flexible and the procedures of application and approval required to be done only once on the platform.

Features and benefits of FlexSalary loan
  • You will be able to receive an immediate cash loan in just an hour.
  • You can get these NBFC personal loans with a low credit score as there are many other factors considered by the lender besides the credit history.
  • The maximum amount of loan can be of a maximum of Rs.2 lakhs.
  • One-time application and approval for every loan will make the process quick and comfortable.
  • There are no fees for prepayment for the loans which are received by you using this platform.

HomeCredit for Instant Personal Loans in India

The main goal of HomeCredit is to get penetration of credit by using its offerings which are simple and transparent. It will also provide products which are suitable for the population which is unbanked in the country. It has a large network which consists of more than 4.35,000 points of sale.

Benefits and features of HomeCredit
  • The process of application of loan is the simplest on the website of the lender or also on the application.
  • HomeCredit will provide instant personal loans up to a maximum amount of Rs.2,40,000/-.
  • Repayments can be made using the official website of HomeCredit, the mobile app of the lender, online banking, or at any of the authorized branches of ICICI Bank, Axis bank, PayTm, India Post, PayU.
  • HomeCredit will provide you with a simple and user-friendly application.
  • You will receive the benefit of 100% online loan
  • There are no fees for the processing of loans.
Personal loan Eligibility criteria required for the application of HomeCredit

All the citizens of India who are above the age of 19 years can apply for a loan using HomeCredit. You will be required to have a steady income source and valid Identity proof and address proof.

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