Every one of us requires money. However, there are times when we need money, but we don’t have. It could be a medical emergency or paying your next semester fee. In these times, getting a personal loan is one of the best ways to get quick money. So, here we have a short guide for you to get an instant loan. The best thing is, you can get an instant loan without documents. Here are some of the best instant Personal loan apps to apply & get a loan.
Afinoz Instant Personal Loan App
The process of applying and getting the loan is simple.
Afinoz also offers cashback up to Rs 5,000
There are 50+ Lender to Afinoz to provide you an instant loan
The process gets updated in real-time.
ZestMoney App for Instant Personal loan
ZestMoney does not need a credit score to provide you the loan.
The entire process won’t take more than five minutes to complete.
If you need a loan up to 1 Lakh, it gets sanctioned immediately.
Along with the loan, you also get gift cards from a premium website such as Amazon, Myntra, Flipkart, and MakeMyTrip.
India Bulls Dhani instant loan app
You can get a loan as low as Rs 1,000.
If you need a loan less than Rs 15,000 can be approved with-in Minutes.
The tenure for repayments is from 3 months to 20 months.
The money is transferred in your account instantly
The interest rate is 11.99% & the processing fee is 5% of the loan amount.
Mpockets
This app is designed especially for students.
A student gets a loan at competitive interest rates.
Few Documents needed, and the amount is disbursed instantly in the student’s account.
So, these are the four best personal instant loan apps you can use for borrowing money. Now, we will tell you the process of applying to these apps. The steps are almost similar; the levels vary with only one or two differences.
How to Apply for a loan on these apps?
Download the app from the Google Play Store or iOS store.
Create an account, fill out the application.
Upload all the relevant documents.
You will receive a message stating whether you are qualified to get a loan or not.
A representative will contact you for further process.
What are the Documents you will need to Submit?
These are essential documents you have to submit to apply for an instant personal loan.
Aadhaar card,
A photograph,
Bank account details and statements,
Salary slips
Every step mentioned above can be done online. The time of amount disburse depends upon the platform. The average time is from 1 Hour to 24 Hours.