In this age of digital economy, there is a solution for most of our day to day problems. One of the biggest problems faced by millennials in India is the problem of financial shortage. There are times when you have to fulfil a certain need for yourself or the family and you do not have a clue where to arrange the money from. While there is the option of getting loans from banks, we all know how cumbersome the whole process can be. Moreover, it is not the most viable option for short term financial emergencies.
Since this is a big problem for the general Indian person, a lot of Fintech companies have come up with a solution to this in the form of instant cash loan in India. These companies have launched their services as apps so that people can easily get access to them and make use of the services.
So, here are the top apps which provide instant cash loan in India.
Founded by Akshay Mehrotra in 2015, this Pune-based company gives instant loans to borrowers. The borrowers then get the option to return the money through EMIs that range from 7 to 50 days.
Founded by Presha Paragash in 2017, CrediFiable is a Bengaluru-based Fintech that offers personal loans ranging from 5000 rupees to 5 lakh rupees. You can then repay the loan through EMIs.
Founded by Prashanth Ranganathan and Sayli Karanjkar in 2015, this Mumbai-based company offers instant loans that can be paid back through timely EMIs.
Founded by Anuj Kacker, Bala Parthasarathy, and Kunal Varma in 2015, this Bengaluru-based company gives instant loans up to 5 lakh rupees. The repayment of the loan can be done through easy EMIs over a period of 2 to 36 months.
Founded by V. Raman Kumar in 2016, this Mumbai-based Fintech company has a unique concept. It uses something called Social Loan Quotient and curates credit profiles of salaried employees using social media platforms that help them in instant loan disbursement.
Founded by Rohit Agarwal and Nikhil Sarma, this Delhi-based company does the job of connecting borrowers with lenders that results in instant loan transactions.
7. Flex Salary
Founded by Anil Pinapala and Srinath Kompella, this Hyderabad-based company offers one of the top instant loan apps in India. It lets you borrow loan amount of up to 2 lakh rupees.
These were the top apps that offer instant loan in India. While there are a lot of other apps and services that provide personal loans, these were the one that made it to our list.
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