A personal loan is a boon for borrowers as people can use it in an emergency or when they have a shortage of funds. Borrowing money is no longer frowned upon. Young Indians have taken out loans for a variety of purposes, including studying abroad, financing a trip, upgrading their house, buying a car, and even organising their wedding! Many firms have begun to provide cash in order to meet this growing need, and money lending apps in India have grown in popularity as a result of the numerous advantages they offer.

1. Omozing

Omozing helps make Smart Money Moves for a Lifetime. They strive to get lowest interest rates and best terms for your Online Applications at www.Omozing.com . We’ve made business lending smarter, faster and easier by transforming the approval process from stumbling blocks to stepping-stones. This enables borrowers to not just get access to capital, but also understand what areas they need to work on in order to enhance their credit profile. Omozing ensures that Borrowers get a secure, safe and reliable application process that be tracked online.

Omozing helps make Smart Money Moves for a Lifetime. They strive to get lowest interest rates and best terms for your Online Applications at www.Omozing.com . Personal Loan Interest Rates starting from 0.8% p.m, and Loan amount ranging from INR 10,000 to INR 15,00,000. The Minimum and maximum repayment period ranges from 1 month to 48 months.  CIBIL 600+ all company categories (including LLP, Self Employed, Proprietorship)

2. Pay Sense

PaySense Instant Personal Loan is for all of your wants and dreams that you may not be able to fulfil due to financial constraints. PaySense provides you with a quick personal loan of up to Rs. 5 lakh without any hassle, whether it’s for a wedding, a foreign vacation, paying medical bills, acquiring consumer durables, or home improvement. The procedure is simple and can be conducted in the privacy of your own home. PaySense is available in more than 40 Indian cities.

3. Dhani

Dhani popularly marketed as phone se loan app, instantly disburses the loan amount to your bank account. You can apply for a personal loan anytime, anywhere. You can get a loan of up to ₹ 15 Lakh instantly at an interest rate starting at 12%. You can download the Dhani loan app for free, enter your Adhaar card number, your loan amount, and get the loan amount in your account instantly.

4. CASHe

CASHe is a credit-enabled financial technology platform that uses its proprietary credit rating algorithm, the Social Loan Quotient, to offer a wide range of consumer lending products and services to salaried millennials, including personal loans, Buy Now Pay Later, Credit Line, payments, and transfer facilities (SLQ). CASHe has disbursed Rs 2,500 crores in loans to 3 lakh consumers, with over 70% of them returning. It is a full-fledged financial services portal that provides credit, EMI shopping, payments, and insurance services to its users.

5. India Lends

IndiaLends is one of the cash loan apps in India for instant personal loans, credit cards, and free credit reports.IndiaLends offers instant personal loans online with the best interest rate and disburses the loan within 48-hours. IndiaLends’ instant loan app in India extensively makes use of data and technology to improve workflows and risk assessments so that the loan disbursal process is efficient, shorter and easier.

6. Home Credit

This is one of the easiest portals for any Indian citizen from the age group of  19 to 65 to get short-term loans in India. Depending on your credit rating, you can easily avail of loans up to INR 2,00,000 with two documents only, a PAN card, and any other proof of identity or address. This makes the approval process short and hence it has made the list of the best personal loan apps. You are eligible for a credit period of up to 26 months, and the loan approval is completely digital. It can be directly linked to your bank account or any other digital wallet, and the money will be directly credited to the same account. This platform is also available to senior citizens, who are pensioners and have a basic monthly income and is also valid for students who are studying and not earning.

7. MoneyTap

MoneyTap has partnered with the leading NBFCs in the country, and it currently serves Bangalore, NCR, Mumbai, Hyderabad, etc. cities in India. However, you need to earn a minimum of ₹30,000 a month to qualify for a loan.  

MoneyTap has a unique feature called “no-usage-no-interest,” which makes it stand out from other apps. This simply means that you are charged interest only on the amount of money used. All you need to do is download the app and upload the necessary documents. Once you get the approval, you are given a credit line, which you can use according to your needs. 

8. FlexSalary

FlexSalary is an instant loan app in India that has been designed especially for salaried individuals. Based in Hyderabad, this online loan lending platform is an excellent help to salaried individuals who need urgent cash during times of crisis. 

In addition to a one-time approval process, FlexSalary has instant disbursals and gives its borrowers the option to access their credit anytime. Borrowers are also allowed to decide the loan tenure and repay the amount flexibly. It works as an advanced salary app with no fixed EMI for borrowers. All you need to do is sign up on the app, upload the required documents, and the loan is transferred to your account upon approval. 

9. LoanTap

Among the many instant loan apps in India, this is one of the popular ones in the market. With the tagline “Bringing Dreams to Life,” LoanTap offers customized loans to their borrowers. 

Their products include lifestyle and celebration loans, two-wheeler loans, home loans, flexible personal loans, and lower installment loans. The documentation process is simple and requires minimal documents. The repayment options are also many they offer accelerated payment options and bullet repayment to principal outstanding.

10. Money View

Money View is known for its credit rating model and that is the primary reason why most people can get instant loans directly from this platform without any worries. They also take pride in their 100% cashless and paperless procedures, which helps them to disburse loans up to INR 5,00,000 quickly within 24 hours. Their process is completely digital and this helps them to grant loans anywhere in India. However, you will need a proper loan plan with terms and conditions, repayment module, interest rate, and more importantly, the payment schedule before the money gets credited to your bank account.

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