Here Are 5 Best Instant Personal Loan Apps Of January 2021

By
abhinay pandey
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Here Are 5 Best Instant Personal Loan Apps Of January 2021

A new year calls for new beginnings, and what better to start the year, then know about managing your finances. With so many financial lenders and tools available online you have a variety of options to choose from. However, it is important to choose only the best. This list will help you find the 5 best personal loan apps of January 2021.

What To Look For in an App?

While looking for the best app, there are certain criteria one should look for. Some of the below-given parameters will ensure that the online loan app you choose is good:

  1. The app is user-friendly and easy-to-navigate
  2. The app is comprehensive to cover all important aspects yet easy-to-understand
  3. The app has complete transparency about regulations and policies
  4. The app displays the contact information and address of the company
  5. The app provides Customer support
  6. The app has Testimonials & Reviews

The above parameters will act as your first filter for finding an online loan app that will help find a loan which will suit your requirements. 

5 Best Instant Personal Loan Apps

Keeping the above six points in mind, we have finalised on the top 5 instant loan apps

  1. Fullerton India InstaLoan App: A quick app that allows both self-employed as well as salaried individuals to borrow money and finance their emergency, Fullerton India is the first option. Various features of Fullerton India InstaLoan App makes it among the best.
  1. Freedom to apply for the loan from anywhere in India at any time of the day.
  2. A hassle-free and simple documentation process.
  3. Completely digital application, with dynamic tracking status available.
  4. The complete process of loan is fast-tracked with the help of an app.
  5. You can track your loan application with the app.

Why Choose Fullerton India in 2021?

The years of experience and the good market image has helped Fullerton India become the customer’s first choice for the loan. It offers an attractive and market-driven interest rate with flexible repayment options and well-rounded services.

With Fullerton India online loan app, one can borrow up to Rs 25 Lakhs at an interest rate starting from 11.99%. Once the approval of the loan is done, the amount is credited into the account in 30 mins.

  1. Money Tap App: Money Tap offers funds to applicants in just a tap. Offering loan at an attractive rate, Money tap app is available both on Play Store and Apple Store.

Features:

  1. It is a 100% paperless process with online approval of a loan.
  2. Interest charged only on the borrowed amount.
  3. Flexible EMI tenure ranging from 2 to 36 months.
  4. No Collateral required for the loan.
  1. EarlySalary App: For your month-end crisis, early salary is the best option. It offers funds without taking your credit score into consideration. After proper documentation, one can avail instant loan within 10 mins of application submission.

Features:

  1. Instant loan up to 200000 rupees disbursed in just 10 minutes.
  2. Advance salary up to rupees 2 lacs at only rupees 9 per day.
  3. Apply for a loan in simple steps on the app and get it transferred to your bank account within 10.
  1. KreditBee App: Offering applicants loan up to Rs 2 lakh, Krditbee offers three types of loans; flex personal loans, online purchase loans, and personal loans for salaried people. You can easily borrow money for a period of 62 days to 15 months.

Features

  1. Paperless, completely online loan approval process.
  2. Minimum Documentation required.
  3. Extra benefits and higher loan amount for the timely repayment of EMI.
  4. Flexible tenure available ranging from 62 days to 15 months.
  5. The app is secured with 128 bit SSL encryption to safeguard your important data.

5. LazyPay App: Offering credit between Rs. 10,000 to Rs. 1,00,000, this loan app is of great help while shopping from Zomato, Swiggy, Amazon or Flipkart, etc. and later you can pay with flexible EMI options.

Features:

  1. Can check your eligibility on the app.
  2. 3 step application process.
  3. The higher credit limit for timely repayment of the loan.

Conclusion With so many options available you can start your financial planning from January 2021. Choosing the right option will help you not only while taking a loan but later during repayment as well.