Very fast loan provider with minimum documents Emergency Personal Loan Get Loan 24×7 in Medical Emergency Best Instant Loan lending services Instant Digital KYC Loan Android iOS App, Websites
Need urgent money? the simplest way to get meet your urgent cash requirements is either your friends, family or you can totally rely on Instant Personal Loan providers. At present, there are more than 100+ instant loan lenders that will disburse instant loan amount in your bank account after meeting minimum eligibility criteria. The Emergency Loan is kind of quick loan where the borrower request RBI registered NBFC to lend loan amount. Here, I am providing list of App/ Websites that provided Emergency/ Quick loans. Some of the companies also given loan to students and young professions who don’t have salary bank account.
Why you need Emergency Loan?
The Emergency is a situation where someone needs something (money/ person/ medical) to counter that situation. The Urgent Personal Loan is one of Instant Loan that you can get in case of an emergency. Following are the common emergency:-
- Medical/ Health and Hospitalization emergency loan
- Settlement of bills/ purchase of insurance
- Payment of EMI’s
- Education (Fee/ Exam fee etc.)
- Online admission fee/ exam form fee
- Need for a common cause etc.
So, above are the common emergency where you may need a quick persoanl loan.
Table of Content
Emergency Loan: Best Personal Loan (Apps)
In today’s digital world, all you need to have a Smartphone and fast internet. Around 95% of the loan is disbursed via online mode, directly to a bank account. The process has been migrated from paper to digitally. You don’t have to send documents or appear in person. Just download App, Validate your profile, upload KYC documents, Selfie Photo, PAN card, Aadhaar Card etc. It just takes 10-15 minutes to verify documents and eligibility.
For Quick Loan Approval, the borrowers have to satisfy minimum eligibility criteria. These eligibilities are mainly common but it may differ from lender to lender. So, you have to check the emergency loan on the official App. Below are the common eligibility requirement to get Instant Personal Loan.
- Must be Indian Citizen
- Age above 18 years to 60 years (Check the maximum age limit on APP).
- Must have an income source (Most of these require salary account, but some loan provider don’t require it).
- Valid PAN Card
- Not a victim of fraud/ Loan defaulter etc.
Note: You must check the official Loan App for more eligibility criteria.
- PAN Card
- Address Proof
- Aadhaar Card (Valid)
- Bank Account Statements
- Selfie (Clear Photo)
EMI/ Interest Rates
The interest rates are ranging from 15% to 30% as per the profile, loan amount. You have to check the APP for it.
List of Quick/ Instant Loan Apps
|App Name||Pros & Cons||Complaint/ Support||Android App|
|KreditBee||KreditBEE is among the most famous Instant Personal Loan App.
Pros: Quick Approval, PAN India Covered, within 15 minutes loan amount is disbursed, Upto 1 Lakh loan amount
Cons: 24% per annum to 36% per annum
|KreditBee Customer Care/ Helpline||Download|
|Money Tap||The MoneyTAP Quick Loan App has been awarded Best Innovative Lending Product/Service’ by IAMAI
Pros: Interest Rate is 13% to 24.3%, 100% Paperless, Quick loan disbursement, RS 3000 to 5 lakh loan available.
Cons: Age limit is 23 years to 55 Only, Only support 44 cities
|Money Tap Helpdesk Support||Download|
|Money View Loans||The Money View Loan App uses customer financial SMS to check eligibility.
Pros: 1.33% – 2% monthly Interest, Loan mount is Rs 10,000 to 5,00,00 INR, Quick Loan
Cons: Processing fee vary from 2.5% – 4%*
|Money View Loans Customer Service||Download|
|India Lends||Pros: 400+ Cities, 10.75% to 35% interest rates
Cons: Processing fee upto 5%
|CashBean||Pros: You can get as low as Rs 1500 and max Rs 50,000, No credit history required.
Cons: Max tenure is 1 year
|CashBean Customer Care Number/ Helpline||Download|
|CASHe||CASHe is the winner of Entrepreneur India’s Best Tech Start-up for the year 2018. They use Social Loan Quotient (SLQ) proprietary algorithm to check eligibility.
Pros: Instant cash loans from as little as Rs 5,000
Cons: Repayment tenure is 15, 30, 90 and 180 days
|CashE Complaint/ Support||Download|
|LazyPay||Pros: Instant personal loan at zero collateral, 15% to 32% per annum also offers Interest-free shopping
Cons: Customer Service is not so good.
|LazyPay Customer Service||Download|
||Pros: low-interest rates, Young Professionals
Cons: Personal Loan upto Rs.5000
|Super Money||Pros: Loan amount Rs 5,000 to Rs 25,000
Cons: Slow processing as per existing users
|Super Money Customer Care||Download|
|CashUp||Included in Top 20 Startups in the India Fin Tech Awards(IFTA) 2018
Pros: Instant loans from Rs.3000 to Rs.40,000, 0 interest and no processing fee
Cons: Very few cities customer care avail instant loan.