What is Instant Loan Apps?
Apps that provide instant loans for students, working and self employees who are looking for immediate cashout at a very low-interest rate.
Process of Approval: The approval process is simple and does not require any complicated procedures like visiting the offices wasting your time, everything can be done online. Here are the documents required to get personal loans within a day.
Documents required for getting started if you are a resident of India.
- Pan Card
- Aadhar Card
- Selfie
- Bank statement( for some apps)
What are the Best and recommended Loan Apps?
With the increased online transactions today, there is a huge risk of data leaking or the possibility of your data being sold to others either it can be a Mobile number or identity details. There are some apps that promise you to offer loans within minutes but might steal your personal details, so you should be cautious while choosing the genuine and real apps. Here are the list of Best Instant Loan Apps you can trust for sure.
Slicepay:
One must and should try App for students and Employees. I have personally using Slicepay and the process is simple, just register your mobile number and upload documents, your loan will be approved within 2-3 days, you can get approved a loan amount from 5000-50000 Indian rupees.
Pros :
- Highly trusted and fast approval
- Decent Amount of approval
- No interest rate in Online gift cards
Cons:
- Not available for all cities.
Tip: for quick approval, you can use the referral code: GROOT13961
Nira :
Nira is also a trusted instant loan app for students. The application process is easy and simple just like Slicepay. Once you register you may get approved from 5000-100000 rupees. You need to pay a processing fee to withdraw money to your bank accounts.
Pros:
- Decent approval amount
- less processing fee.
Cons:
- High interest rate
Tip: for quick approval, you can use the referral code: SMRXYQ
Moneytap
Moneytap is also one of the trusted loan apps for employees. The application might not get approved for students and self employees as they rely mostly on Credit score. If you have a good credit score then you may get approved for big amount up to 500000. The application process takes time.
Pros:
- Big approval amount
- less interest rate
Cons:
- Not applicable for students
- Must be a working employee
Kreditbee:
Kreditbee is also one of the trusted loan apps for students. The application approves quickly for working employees and might not get approved for students (If approved the amount can be very low starting from 1K-3K). Once you are good at clearing this credit within the due date, then you may be rewarded with a higher credit limit.
Pros:
- Good for working employees
- Decent approval amount
Cons:
- High interest rate
- less approval or less credit for students
--Will be back with my next article--
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