You must have made many rounds of the bank for the Loan, the bankers must have canceled your loan by giving one reason or the other. The solution to this problem is a personal loan app.
With the help of this app, you can get a loan in minutes. There are many apps available in the market for loans.
We have given information about the 10 best loan apps, with the help of this app you can take personal loans up to 5 lakhs.
List of Personal loan apps In India
1. Kreditbee Mobile App
This app is famous for Instant personal loans. And this app is on top. This app has got a rating of 4.4 by the user on the Play Store. This app has been downloaded by more than 10 million.
Kreditbee app features
The Kreditbee app promises to give you personal loans ranging from 1000 to 200000.
This app gives loans in three types 1. Flexi Personal Loan 2. Personal Loan for Salaried 3. Online purchase loans.
Kreditbee Personal Loan Eligibility
| Kreditbee Interest Rate | 12.24% |
| Processing Fee | ₹ 130 – ₹ 850 |
| Loan Tenure | 3 Months – 15 Months |
| Loan Amount | ₹ 1,000 – ₹ 2,00,000 |
| Age | 21 – 45 years |
2. MoneyTap Loan App
The user has given this app a rating of 4.2 on the Play Store. This app gives you a personal loan of up to 500000. It has a great advantage that you will have to pay interest only on the amount of loan that you have spent.
For example, if you took a loan of 1 lakh on MoneyTap, but you transferred only 50 thousand to the bank account, then you will have to pay interest of 50 thousand only.
MoneyTap Loan Features
This app gives you loans up to 5 lakhs. Interest will have to be paid on the amount you spend. Gets approval quickly. You can deposit as much amount as you want in the bank.
Types of MoneyTap App Loans
- Personal Loan
- Wedding loan
- Medical loan
- Travel loan
- Home renovation loan
- Mobile loan
- Laptop loan
- Consumer durable loan
- Debt consolidation loan
Moneytap Personal Loan Eligibility
| Moneytap Interest Rate | 13% to 36% |
| Processing Fee | 2% + GST |
| Loan Tenure | 2 Months – 36 Months |
| Loan Amount | ₹ 30,000 – ₹ 5,00,000 |
| Age | 25 – 55 years |
3. Paysense Loan App
This app has been rated 4.2 on Play Store. This app gives you loans up to 5 lakhs. And you give this loan for 60 months.
Paysense Loan Features
You do not need any kind of credit score information from you.
You can repay the loan in 60 months. As you need this document Aadhar card, PAN card, and Income proof.
You must be a resident of India.
Paysense Personal Loan Eligibility
| Paysense Interest Rate | 15.96% to 26% |
| Processing Fee | 2.5% of the loan amount + GST or ₹ 500 + GST (Wh |
| Loan Tenure | 3 Months – 60 Months |
| Loan Amount | ₹ 5,000 – ₹ 5,00,000 |
| Age | 21 – 60 years |
4. Finnable Personal Loan app
This app is rated 4.7 on Play Store. This app gives you loans up to 10 lakhs. The loan is approved in three minutes but gets deposited in your bank account in 24 hours.
Finnable Loan Features
Low-interest rate is available, you can repay the loan in 60 months.
Finnable Personal Loan Eligibility
| Finnable Interest Rate | 18.99% to 25.99% |
| Processing Fee | 4% |
| Loan Tenure | 12 Months – 60 Months |
| Loan Amount | ₹ 50,000 – ₹ 10,00,000 |
| Age | 23 – 60 years |
5. Cashbean Personal Loan app
This app has been rated 4.0 on the Play Store. This app gives you loans up to 60 thousand. The interest rate of this app is very high 33% and this app gives time to repay the loan for 12 months.
Cashbean Loan Features
CBIL score is not required. No credit history or documents are required. The loan amount will be deposited directly into your bank account.
Cashbean Personal Loan Eligibility
| Cashbean Interest Rate | 33% |
| Processing Fee | Upto ₹ 3,000 |
| Loan Tenure | 3 Months – 12 Months |
| Loan Amount | ₹ 1,500 – ₹ 60,000 |
| Age | 21 – 56 years |
6. Navi Personal Loan app
This is a new app. It has been rated 4.0 on the Play Store. This app gives personal loans up to 5 lakhs. You can repay this loan in 36 months. AI app used to give personal loans earlier but. A home loan facility is also available on this.
Navi Loan Features
No bank statement or salary slip is required. Fund intent is credited to your account. There is no need for a security deposit and collateral.
Navi Personal Loan Eligibility
| Navi Interest Rate | 16% to 30% |
| Processing Fee | 2.5% |
| Loan Tenure | 3 Months – 36 Months |
| Loan Amount | ₹ 1,000 – ₹ 500,000 |
| Age | 21 |
Friends, you can take a personal loan for yourself with the help of these apps. Our team has written this article with complete information about the Personal Loan app given above. Keep in mind that before taking a loan, you should know completely about that app.
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