Top 5 RBI Approved Loan Apps in India That You Should Know About
Are you in need of financial assistance but don’t want to deal with the hassle of traditional banking? Fortunately, there are several RBI approved loan apps available in India that can help you out. These apps are fully licensed and safe to use, providing you with a quick and easy way to access the funds you need. In this article, we’ll be discussing the top 5 loan apps in India that you should know about.
1. PaySense
PaySense is a popular loan app that allows users to borrow money for a variety of different reasons, including medical emergencies, car repairs, and home renovations. The app offers loans ranging from INR 5,000 to INR 5,00,000, with repayment periods ranging from 3 months to 24 months. Interest rates on PaySense loans start at just 13% per annum, making it one of the most affordable loan apps in India. Plus, the app offers a simple and easy application process that can be completed in under 5 minutes.
2. MoneyTap
MoneyTap is another popular loan app in India that offers a wide range of loan products. The app allows users to borrow money for a variety of different reasons, including travel, education, and even weddings. Loans on MoneyTap range from INR 3,000 to INR 5,00,000, with repayment periods ranging from 2 months to 3 years. Interest rates on MoneyTap loans start at 13% per annum, with no hidden fees or charges. Additionally, MoneyTap allows users to withdraw funds as needed, making it a great option for those who need flexible lending options.
3. CASHe
CASHe is a popular loan app that offers loans ranging from INR 9,000 to INR 3,00,000. The app is designed for those who need funds quickly, with loan approvals typically taking just a few minutes. Interest rates on CASHe loans start at 18% per annum, with repayment periods ranging from 15 days to 6 months. The app also offers a unique feature called ‘SmartCoin’, which allows users to borrow small amounts of money for emergencies without going through the traditional loan application process.
4. EarlySalary
EarlySalary is a loan app that offers instant cash loans for various needs, including medical expenses, travel, and weddings. Loans on EarlySalary range from INR 5,000 to INR 2,00,000, with repayment periods ranging from 90 days to 365 days. Interest rates on EarlySalary loans are competitive, starting at 2.5% per month. Additionally, the app offers a unique ‘Salary Advance’ feature that allows users to borrow funds against their upcoming salary.
5. KreditBee
KreditBee is a loan app that offers personal loans ranging from INR 1,000 to INR 2,00,000. The app offers flexible repayment options, with loan terms ranging from 2 months to 15 months. Interest rates on KreditBee loans start at just 1.02% per month, making it one of the most affordable loan apps in India. The app also offers a unique ‘Flexi Personal Loan’ option that allows users to borrow funds as needed, without having to reapply for a new loan each time.
Conclusion
In conclusion, there are several RBI approved loan apps in India that can help you out when you need financial assistance. Whether you’re dealing with a medical emergency or just need funds for home renovations, these loan apps offer quick and reliable lending options without the hassle of traditional banking. So if you’re in need of funds, be sure to check out these top 5 loan apps in India.
