The need for emergency cash is one of the few things that have no affirmation or certainty. You might need an enormous sum and in a limited time frame. It can be tedious to determine a source that agrees to lend you money for a negotiable interest rate and fulfills your emergency need. However, several NBFCs in India have made it easier for consumers or businesses to retain help through their apps. These personal loan applications help consumers submit their loan applications digitally, making the loan processing go through a smooth designed technique, assisting consumers in getting their hands on the funds in a much lesser time.
The familiarization of the consumers with various personal loan apps has made things seem more seamless. People find using applications a more viable option than engaging with an exhausting and lengthy application process. Amongst many prominent NBFCs engaging with consumers through impeccable instant loan apps, Fullerton India is one of them.
Best Personal Loans Apps for Emergency Funds
If you have familiarized yourself with the NBFCs concept of instant loan app, you must not sweat about the need for funds at the eleventh hour.
A. Fullerton India InstaLoan App:
Fullerton India Credit Company is registered as a NBFCs with the Reserve Bank of India. They are a Singapore NBFC that began their Indian operation in 2007. The Fullerton India instant loan app makes the entire application process hassle-free for the customers, developed especially for the India user database.
They provide a loan repayment tenure of up to flexible 60-month loan repayment tenure with an interest rate as low as 11% p.a. You can apply for a loan anytime and anywhere easily. So if you are a salaried individual with appropriate documents (KYC Documents, Last three month Bank statements, and Salary slips), it would be even more accessible for you to apply for up to 25 lakh personal loans.
B. PaySense Loan App:
A venture-backed NBFC start-up from Mumbai, Paysense, was introduced to the customers in the year 2015. Through their loan app, you can easily apply for up to 5 lakhs, granted for three months of duration. They offer you an interest rate starting from 13% p.a. Once you successfully submit all the requested documents, you will receive your funds in no time.
C. CasHe Loan App:
Founded by V. Raman Kumar, CasHe helped all the young millennial salaried individuals receive funds, otherwise refused by the conventional financial system. CasHe offers these individuals to apply for loans up to 3 lakh. The repayment tenure varies on the loan amount and could be up to 1 year. They offer no foreclosure charges, which might be an appealing deal for many young salaried people in India.
D. KreditBee Loan App:
Even if you are a salaried individual who does not own a credit card till now, you can opt for a personal loan at the kreditBee personal loan app. They offer funds to all the self-employed individuals too for a period varying up to 15 months. One can apply for a loan amount of up to 2 lakh at an interest rate ranging from 0-2.49%/Month.
Additional Read: The Pros and Cons of Mobile Device Fast Charging
E. Early Salary Loan App:
Early Salary is another NBFC that offers a loan amount of up to 5 lakh with a repayment tenure option of 12 months. It is also associated with many educational institutions to take education loans. The interest rate can vary from somewhere between 0-30%, depending on the loan amount. One can expect a loan processing amount of up to 4%.
F. Credy Loan App:
If you require an education loan or have a low CIBIL score to ask for a loan from any other NBFC, Credy is the right solution for you. They offer a maximum of 30% interest rate, and the loan amount decides whether the applicable interest rate would be 1 or 1.5% typically. They charge a 3% loan processing fee with a repayment tenure of loan up to 15 months.
Additional Read: 5 Reasons to Avail of Personal Loans
G. Money Tap Loan App:
Money Tap offers a personal loan amount of up to 3 lakhs with an interest rate of 13%/annum. The loan repayment tenure can vary from 3-36 months, and the entire loan processing journey is paperless.
H. Cash Bean Loan App:
An NBFC registered under RBI, Cash Bean offers personal loans to individuals between 21-56 years. They offer a loan amount of up to 60,000 and a repayment tenure varying between 62-120 days. The maximum interest rate they offer is 33%/annum.
