Top 5 loan Apps Providing Instant Loan Up To 3 lakhs
Introduction
In this blogpost, I have selected Top 5 loan Apps providing instant loans up to 3 lakhs.
Instant loan apps are applications that allow users to apply for instant loans online through their smartphones. These apps streamline the borrowing process with minimal paperwork and quick processing times. They are usually approved and disbursed within minutes or hours, making them convenient and accessible. Users can choose from various loan amounts, tenures, and interest rates offered by different lenders.
Through this blog, I’ll also walk you through the steps required to obtain these loans from these apps instantly, highlighting various options, eligibility criteria and application process. These loans have different criteria, features and benefits that applicants can compare and choose
Table of Contents
Kreditbee Loan App
KreditBee is an online digital platform that provides short term personal loans to individuals by facilitating loan transactions between banks/NBFCs and borrowers. It is designed to offer quick and convenient instant credit access for various emergency purposes and more.
Kreditbee Instant Loan Eligibility Criteria
Eligibility criteria for Kreditbee Instant loans depend on the specific type of loan product offered . Some of the common eligibility requirements are :
- Applicants age should be between 21 and 50 years old. This age range may vary depending on the specific loan product
- Applicants must be citizens of India
- Applicants require a minimum monthly income to qualify for loans. The income requirement varies as per the loan product required. A minimum salary of Rs 10,000/- is required to qualify for a loan.
- Applicants need to be salaried employees or self-employed individuals with a steady source of income
- Applicants are offered loans based on varying credit histories. However a good credit score increases chances of approval in more favourable terms
IndiaLends Loan App
IndiaLends is an online digital financial technology platform that provides short term personal loans, unsecured loans and other financial products and services. The platform connects borrowers with various financial institutions and lenders , making it easier for loan aspirants to compare and access credit products. IndiaLends is not a lender itself but acts an intermediary between the borrower’s and financial institutions.
Indialends Instant Loan Eligibility Criteria
Eligibility criteria for IndiaLends Instant loans depend on the specific type of loan product offered . Some of the common eligibility requirements are :
- Applicants age should be between 21 and 65 years old. This age range may vary depending on the specific loan product
- Applicants must be citizens of India
- Applicants require a minimum monthly income to qualify for loans. The income requirement varies as per the loan product required. A minimum salary of Rs 10,000/- for metro cities and Rs 20,000/- for non-metro cities is required to qualify for a loan.
- Applicants need to be salaried employees ( Employed in current company for at least 6-12 months or self-employed individuals ( Business tenure for at least 3 years with 3 years ITR) to qualify for a loan.
- Applicants are offered loans based on varying credit histories. However a good credit score of 750 or above increases chances of approval in more favourable terms
PaySense Loan App
PaySense is one of India’s leading online digital platform that provides short term personal loans to individuals with Flexi EMI Options, zero collaterals and affordable interest rates. It is designed to offer quick and convenient credit access for various emergency purposes and more. This online loan app is among the most secure and simple way to get a quick loan from the convenience of home and smartphone
PaySense Instant Loan Eligibility Criteria
Eligibility criteria for PaySense Instant loans depend on the specific type of loan product offered . Some of the common eligibility requirements are :
- Applicants age should be between 21 and 60 years old. This age range may vary depending on the specific loan product
- Applicants must be citizens of India
- Applicants require a minimum monthly income to qualify for loans. The income requirement varies as per the loan product required. Minimum monthly salary for salaried individuals should be Rs 12,000/- and for self-employed should be Rs 15,000/-
- Applicants must have Aadhar Card, Voter ID Card and Pan Card for Proof of Identity and Address.
- Applicants are offered loans based on varying credit histories. However a good credit score of 700 and above increases chances of approval in more favourable terms
Paytm Loan App
Paytm is India’s quickest multipurpose online digital platform that provides short term personal loans to individuals . It is designed to offer quick and convenient instant credit access for various emergency purposes and more. It is 100% digital with no sales calls. No documentation is needed . It is transparant and paperless
Paytm Instant Loan Eligibility Criteria
Eligibility criteria for Paytm Instant loans depend on the specific type of loan product offered . Some of the common eligibility requirements are :
- Applicants age should be between 23 and 65 years old. This age range may vary depending on the specific loan product
- Applicants must be citizens of India
- Applicants require a steady source of income to qualify for loans. The borrower’s monthly income must be Rs 20,000 or above
- Applicants are offered loans based on varying credit histories. However a good credit score of 750 or above increases chances of approval in more favourable terms
- Applicants must possess Aadhar Card, Voter ID Card and Pan Card for submission and verification.
CASHe Loan App
CASHe is a lending app that offers instant personal loans without security or collateral. They can be used for any purpose, including gadgets purchase, wedding, holiday, medical emergencies etc.
CASHe Instant Loan Eligibility Criteria
Eligibility criteria for CASHe Instant loans depend on the specific type of loan product offered . Some of the common eligibility requirements are :
- Applicants age should be between 18 and 58 years old. This age range may vary depending on the specific loan product
- Applicants must be citizens of India
- Applicants should have proof of income and employment. Applicant’s minimum monthly income should be Rs 12,000 or above.
- Applicants are offered loans based on varying credit histories. However a good credit score of 750 or above increases chances of approval in more favourable terms
- Applicants must possess Aadhar Card, Voter ID Card and Pan Card for submission and verification.
