Over the last few years, digital loan apps have drastically changed the face of lending in India. Considering the increased usage of smartphones among Indians, many reputed lenders have launched their loan apps to facilitate loans at the consumer's fingertips.
However, with so many loan apps in India, choosing the best one seems to be a challenge. Here are the top 5 options:
5 Digital Loan Apps in India which Provide Loans:
1: Fullerton InstaLoan App
Launched by Fullerton India in 2016, this online loan app is a reliable name in the industry. The app allows applicants to apply for a personal loan of up to Rs. 25 lakhs with competitive interest rates and flexible repayment terms.
2: Bajaj Finserv
An app by Bajaj Finance Limited, it offers personal loans of Rs. 30,000 to Rs. 25 Lakh with 12 to 84 months repayment term.
3: EarlySalary
Salaried employees can take a loan of Rs. 8,000 to Rs. 5 lakhs for 90 days to 24 months through the EarlySalary online loan app.
4: KreditBee
It is a Bangalore-based fintech platform offering loans of Rs. 1,000 to Rs. 3 lakhs for 62 days to 15 months. Its best features include fast approval, direct transfer, and minimal documentation.
5: CASHe
The app provides instant personal loans of Rs. 7,000 to Rs. 3 lakhs for repayment tenure of up to one year. The only limitation is that they offer loans to salaried employees only.
Choose one among these top five digital loan apps in India and address a financial crunch with ease.
Additional Read: The Ultimate Checklist for Personal Loan Application Online
