The country is evolving, and with it, so are people's mindsets, practices, norms, and habits. Taking out a loan, for example, is no longer frowned upon. The need to purchase a car or studying abroad, financing a vacation, renovating their home, purchasing a car, and even planning their wedding can easily be financed with a personal loan app. The boom in digitalisation has facilitated the growth of Instant Personal Loan apps in the market. Mobile apps are convenient and designed to simplify the lending process. Most online apps enable one to instantly borrow funds for a variety of reasons right from the comfort of your home. The mobile lending industry has revolutionised the way people perceive lending these days.
Personal loan apps have slowly gained popularity in India due to the numerous benefits they provide. The benefits include personalised loans, low-interest rates, online credit cards, a quick application process, and 24-hour monitoring right from the comfort of your home. Several instant loan apps in India 2020 now provide a fast, paperless, and hassle-free way of obtaining funds to realise a dream or to deal with your various financial needs.
The top mobile loan appsinclude:
- Bajaj Finserv app
- PaySense
- Easy Salary
- Nira
- Money Tap
- Loan Tap
- Easy Salary
- PayMe India
- Dhani
- CASHe
The Bajaj Finserv app features an instant loan of up to 25 lakh with minimal documentation, eKYC, easy to meet eligibility criteria, flexible repayment tenure, the quick disbursal and easy online management of your loan payments.
