Sometimes, because of several reasons or factors, we need instant money or some kind of emergency money to finance our short-term needs. The need could be anything depending upon the situation. Nowadays, according to several reports or public domains, school or college students need more personal loans to finance their petty expenses like buying extra books and other expenses.
But it is very difficult for students to get personal loans because students’ source of income is generally nothing, but still, there are many ways through which students or any other person can borrow money or take loans with the help of some online applications easily.
So, in this article, I’m going to share the Top 5 Best Personal Loan applications through which you can take loans easily with very less or no documentation requirement. With the help of these applications, you can avail loan within 10 minutes from INR 5000 to INR 15,00,000, depending upon the application.
So, now let’s begin with our applications.
Buddy Loan
Buddy Loan is one of the best personal loan applications in 2022, which provides the best user experience to its customers or users by issuing instant loans. You can take a loan on the Buddy Loan app. From INR 10,000 to INR 15,00,000.
And the best thing about this loan application is you wouldn’t have to wait for a long period to get approved. Buddy Loan provides several numbers of EMI options depending upon your loan amount., you don’t need to courier or send your documents for KYC because your documents will be picked up from your home by their agent.
Features of Buddy Loan
- Buddy Loan charges an 11.99% interest rate per month on the loan amount.
- You can avail minimum loan of INR 10,000 and a maximum of up to INR 15,00,000, depending upon your credit score.
- Buddy Loan has more than 50L+ downloads on the Google Play Store with more the 12L+ reviews with 4.4 stars out of 5.
- Documents required: Aadhar Card, Pan Card, (for identity proof), electricity bill, rent agreement (for address proof), bank account statement, and photo.
Pay Sense
Pay Sense is another best and instant loan provider application. On the Pay Sense application, you can avail personal loan from INR 5,000 to INR 5,00,000. Recently, Pay Sense has merged with another instant loan provider application named LazyPay to provide the best user experience to its customers.
Pay Sense is among those apps which provide loans without any salary proof. The processing time of this application is very fast and you don’t have to wait longer to get approved. Like Buddy Loans, Pay Sense also provides numerous EMI options to its customer, depending on the loan amount. And the documentation process of Pay Sense is easy because documents are picked straight away from your home.
Features of Pay Sense
- Pay Sense charges a 1.08% to 2.33% interest rate per month on the loan amount.
- You can avail minimum loan of INR 5,000 and a maximum of up to INR 5,00,000. The loan amount also depends on your credit score.
- Pay Sense has more than 1 crore+ downloads on the Play Store with more than 1L+ reviews with 4.3 stars ratings out of 5.
- Documents required: Aadhar Card, Pan Card, (for identity proof), electricity bill, rent agreement (for address proof), bank account statement, and photo.
Money Tap
Money Tap is the best and another instant loan provider application in India where you can avail of your loan without any physical documentation or you can say that Money Tap has a paperless process. After registering yourself to Money Tap or providing the necessary documents for this application you have to wait for final approval.
After getting final approval, you can take a loan up to INR 5,00,000 depending upon your credit score. You can take a minimum loan amount of INR 3000 and a maximum of up to INR 5,00,000.
Features of Money Tap
- Money Tap charges a 1.08% to 2.3% interest rate per month on the loan amount.
- You can avail of a minimum of INR 3,000 loan and a maximum up to INR 5,00,000 loan. It also depends on your credit score.
- Money Tap has more than 1Cr+ downloads on the Play Store with more than 3L+ reviews with 4.2 stars rating out of 5.
- Documents required: Documents required: Selfie Photo, Aadhar Card, Pan Card, (for identity proof), electricity bill, rent agreement (for address proof), bank statement.
Money View
Money View is another Indian-based best and instant personal loan provider application. Money View provides paperless loans to its customer like Money Tap. And you can avail yourself of the loan amount up to INR 5,00,000 starting from INR 5,000.
To avail loan, you must have a CIBIL score of 600 or more than 600, and you must meet its criteria to avail of loans. After verifying for documents and after final approval your loan amount will be credited to your account within 24 hours. Now let’s see some features of Money View.
Features of Money View
- The interest rate of Money View starts from 1.33% per month.
- You must have a CIBIL score of 600 or more than 650. And according to your CIBIL score, you can avail of the loan between INR 5,000 to INR 5,00,000.
- You must have a minimum monthly income of INR 13,500. You should be more than 21 years old and less than 57 years old.
- Money View has more than 1Cr+ downloads on the Google Play Store with more than 6L+ reviews with an excellent rating of 4.6 stars out of 5.
- Documents required: Same as above.
Navi
Navi is another best and most customer-friendly online personal loan providing application, with the help of this application you can avail of a loan up to INR 20,00,000, and you can repay the loan amount with the EMI of six years.
Navi application is a paperless application and the processing speed of this application is fast. Navi app charges a 9.99% interest rate per annum on the loan amount. To avail good amount of loan from the Navi application you must have a good credit score. Now, let’s see some features of the Navi application.
- Navi application charges a minimum 9.99% interest rate per annum on the loan amount.
- You can take up to INR 20,00,000 loan amount, depending on your credit score.
- Navi has more than 1Cr+ downloads on the Play Store with more than 2L+ reviews with 4.3 stars rating out of 5.
- The documents required for this Navi are the same as above.
This is all about this article if you have any doubt or queries do comment below or contact us.
