What Is An Instant Loan? How Can I Get Instant Loan Easily?

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What Is An Instant Loan? How Can I Get Instant
Loan Easily?

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Instant Loan

• Now the consumer lending industry is leveraging
  state-of-the-art technologies to disrupt the
  traditional approach of lending. As the
  technology evolved, borrowers can access all loan
  products available in the market at the click of
  a button. Infusion of technology in the lending
  industry has simplified the application process,
  accelerated approvals and reduced the disbursal
  time. Whats more, you can shop around for the
  loan online and compare the features of personal
  loans offered by multiple lenders to find the
  loan option for you. 

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What is an instant personal loan?

• The term instant personal loan generally refers
  to small-ticket personal loans availed using
  lending apps. Instant loans are also known
  as instant cash loans, online loans and instant
  cash online. Lending apps backed by NBFCs offer
  borrowers a hassle-free instant personal loan in
  just a matter of minutes or hours with minimal
  documentation. The loan applications are approved
  within 1 minute of application submission.
  Borrowers can get instant loans within a range of
  Rs. 1,000 to Rs. 5 lakh. 

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Top instant loan apps 

• This is an analysis of some of the best instant
  loan apps. You can compare rates and terms to
  find an instant loan app that works best for you.
  Unlike traditional lenders that offer loans for
  specific income groups and people with a good
  credit history, instant personal loan apps cater
  to borrowers from all social strata and financial
  status. Whether you have a low income, little
  work experience, or low credit score or no credit
  history, you can get loans from one of these
  instant loan apps. 

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Apps Interest rate (per month) Loan amount Processing fees
Indiabulls Dhani Starting from 13.99 Rs. 1,00 to Rs. 15 lakh 3 onwards
PaySense 1.4 - 2.33  Up to Rs. 5 lakh 2.5 of loan amount GST
Money View From 1.33 Rs. 10,000 to Rs. 5 lakh 2.5 of the approved loan amount
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CASHe For 60-day loan 3 per month on the loan amount For 90-day loan 2.75 per month on the loan amount For 180-day loan 3 per month on the loan amount For 270-day loan 3 per month on the loan amount For 1-year loan 3 per month on the loan amount Rs. 9,000 to Rs. 3 lakh 3 of the loan amount
Credy 1 - 1.5 Rs. 1 lakh 3 of loan amount
FlexSalary As per lenders policy Rs. 2 lakh TC apply
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EarlySalary 2 - 2.5  Rs. 5000 - Rs. 2 lakh Up to 2 of loan amount
MoneyTap From 1.25 Rs. 3000 - Rs. 5 lakh 2 of loan amount GST
CashBean Up to 33 per annum Rs. 1,500 - Rs. 60,000 Up to Rs.3000
KreditBee 0 to 29.95 Rs. 1,000 - Rs. 2 lakh Minimum Rs. 100
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