Conventional methods
of availing loans are lengthy, and they cause unnecessary delays to the
process. To reduce this time-consuming affair, financial institutions have
launched instant loans apps.
These apps have
accelerated the whole loan application process along with documents submission
as well as approval and disbursement of the credit. It has made this entire procedure
convenient for the borrowers. They can now avail any such financial services
via these apps form the comfort of their home.
There are
several personal loan apps in the market which provide a
similar kind of services. These apps are available on both Android and iOS
platforms, and individuals can download them for free. Users have to complete
the registration process before they can start using it.
Top 4 loan apps in India
1. Bajaj Finserv Experia
– With the Bajaj
Finserv App, individuals can not only apply for loans and other credits,
but also keep track of their accounts. Borrowers can also calculate EMIs and
also upload necessary documents when applying for a loan.
2. LazyPay – This online loan app offers instant
loans from Rs.10,000 to Rs.1,00,000. Additionally, individuals can use this app
to shop from every significant e-commerce website.
3. CASHe – This app uses a proprietary algorithm to evaluate an applicant’s
creditworthiness, which is very different from the traditional methods. It does
not require any human intervention; thus, it makes the entire process even
faster. If applicants can submit proper documents, the loan amount can be
credited to their accounts within 10 minutes.
4. MoneyTap – It is one of the leading instant loan apps in the
country right now. It offers loans from Rs.3,000 to Rs.5 lakh.
These are the top four
apps providing simple and convenient online credit services to the borrowers.
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