During the pandemic, many finance operations switched to online channels. Opting for personal loans became more popular as physical applications were no more possible. During these times, digital personal loan lenders offering services like instant loan apps became quite popular.
Borrowing a personal loan can be a tedious process. However, these quick loan apps make it easy with the following features-
• Reduced documentation time
• No physical presence essential
• Easy document submission
• Quick verification and loan approval
• Amount disbursal to borrower’s account in 24 hours of approval
However, selecting the right online personal loan provider is also essential. Borrowers can consider the above points when making their choice.
Fullerton India’s InstaLoan app makes them a top personal loan provider
Fullerton India offers a dedicated personal loan app for salaried employees. Their instant loan app makes it easy to apply for personal loans up to 25 lakhs. It offers benefits as follows:
• Competitive interest rates as per market trends
• Doorstep document collection
• Low processing charges
• Flexible repayment tenure
Other top online personal loan providers in India include
• KreditBee
• Kissht
• EarlySalary
• CASHe,
• Loan Tap, among others.
Users must check their eligibility criteria on different personal loan apps and select the right lender.
It is essential to note every lender will offer different features to attract customers. An individual must perform an extensive analysis of various competitors before applying for a personal loan online.
Fullerton India’s quick loan app is a popular personal loan app.
Additional Read: 5 Useful Tips to Get Approval on Personal Loan via Fullerton App
