When you need a personal loan, the first thing you want to look for is for a perfect lender. A lender who can fulfill your need, such as a higher loan amount, a lower rate of interest and flexible loan tenure. However, In the market, there are not many lenders who can offer such things.
But we today, we have brought at least 2 lenders who offer instant personal loans at the lowest rate of interest. They both are the best personal loan app to get an instant personal loan. We will share their details with you. Now, let’s get started. The first lender is Indiabulls Instant loan.
Indiabulls Instant loan
Indiabulls instant loan is one of the highest rate lenders in India. Here are it’s details.
Particular DetailsLoan Amount From Rs 1,000 to 15 Lakhs Rate of Interest 13.99% P.A OnwardsLoan tenures 3 Months to 24 Months Processing fee3% of the loan amount Loan cancellation charge Rs 3000
Indiabulls instant loan eligibility criteria
The borrower should be an employee of a private or public company.
The borrower’s age should be at least 21 years to apply for the loan.
The borrower’s minimum salary has to be at least Rs 25,000.
The borrower should have a minimum of 2 Years of work experience.
Indiabulls instant loan documents
These are the documents you will need to upload.
Aadhar Card
PAN Card
Bank statement and salary slip
As you can see, Indiabulls instant loan has a higher loan amount, longer loan tenure. Now, let’s move on to the second-best persona loan app. It is Faircent personal loan.
Faircent Personal loan
Faircent is another top lender in India to offer personal loans. It has end to end transparent application process, minimal documentation, and flexible loan tenure. Here are it’s basic details.
Particular DetailsLoan AmountFrom Rs 10,000 to 5 LakhsRate of Interest 14% P.A OnwardsLoan tenures6 Months to 36 MonthsProcessing fee2.50% to 8% of the loan amountLoan cancellation chargeRs 3000
Faircent eligibility Criteria
The borrower should be above 18 years of age to apply.
The borrower should have an income of Rs 2 Lacs Per annum.
The borrower should be an Indian resident.
Faircent Personal loan documents
These are the documents you will need to submit when you apply.
Application form
Aadhar Card, PAN Card
Address proof – Rent agreement, Electricity bill
Bank statement and salary slip for the last 3 Months
How to apply At Indiabulls Instant loan or Fabricant personal loan?
The process of applying at these two lenders is almost identical. Follow the steps.
First, download the app (Indiabulls or Faircent) from the Google play store.
Sign up, check the eligibility.
Choose a personal loan.
Upload the documents.
You will see info regarding loan amount, rate of interest, and the loan tenure.
After completing the process, you will receive a call from their representative to verify the details.
After you have verified, the loan amount will get transferred directly into your bank account.