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Hello Sahabat LoanPlafon.id, Explore the Best Loan Apps Available in 2021

The Importance of Loan Apps

In today’s fast-paced world, financial needs arise constantly, and people usually need quick solutions. Loan apps have become a reliable alternative for people who lack a good credit score, those who need small loans, and those who require cash urgently.

Loan apps offer several advantages over traditional financial institutions. First, loan apps require fewer documents than traditional banks, and the approval process is significantly faster. Second, loan apps often have more lenient eligibility criteria, which means you are more likely to get approved for a loan even if you have a poor credit score. Third, loan apps offer flexibility, convenience, and security to borrowers.

In this article, we will discuss the best loan apps available in 2021 and their unique features that make them stand out from the rest.

CASHe

CASHe is a popular loan app that offers quick personal loans to salaried professionals. The app is available for both Android and IOS users and takes only a few minutes to apply.

One of the best features of CASHe is the ‘Social Loan Quotient’ (SLQ), which is calculated using advanced algorithms that analyze your social media activities, namely your Facebook, LinkedIn, and Twitter profiles. Based on your SLQ, you can get an instant loan approval and access to higher loan amounts.

Additionally, the app offers a flexible repayment tenure ranging from 15 days to 6 months, with interest rates ranging from 1.5%-3.5%.

PaySense

PaySense is another popular loan app that offers personal loans to individuals who have difficulty getting a traditional bank loan.

One of the best features of PaySense is that it offers loan amounts ranging from ₹5,000 to ₹5,00,000, with flexible repayment options ranging from 3 months to 60 months.

Moreover, PaySense has a hassle-free application process that requires minimal documentation, and the approval process takes only a few hours. The app also offers a pre-approved loan facility that allows you to avail of a loan without completing the entire application process.

Mobikwik

Mobikwik is a popular e-wallet and payment gateway app that also offers personal loans to its customers.

One of the standout features of Mobikwik is the ‘Boost’ feature that allows you to increase your loan amount by up to ₹20,000 by making timely repayments. With Mobikwik, you can get a loan amount ranging from ₹1,500 to ₹100,000 and choose a repayment period ranging from 2 to 12 months.

The app offers a hassle-free application process, and you can get your loan disbursed within 24 hours of approval.

MoneyTap

MoneyTap is a unique loan app that offers both personal loans and credit card loans to its users.

One of the standout features of MoneyTap is the ‘Credit Line,’ which is a pre-approved loan facility that allows you to access funds whenever you need them, without the need to make a fresh application every time.

Moreover, the app offers a flexible repayment period ranging from 2 months to 36 months, with interest rates starting from 13%.

InCred

InCred is a new-age financial services company that offers personal loans, education loans, and business loans to its customers.

One of the standout features of InCred is the company’s focus on customer service and satisfaction. InCred offers personalized and flexible loan options, and its representatives ensure that each customer gets individual attention.

Moreover, InCred’s loan application process is quick and hassle-free, and the app offers competitive interest rates and flexible repayment periods.

KreditBee

KreditBee is a popular online loan app that offers personal loans to individuals who have difficulty getting a loan from a traditional bank.

One of the standout features of KreditBee is the app’s lenient eligibility criteria and quick loan disbursal process. You can get a loan amount ranging from ₹1,000 to ₹2,00,000 with flexible repayment options ranging from 2 months to 15 months.

The app also offers an instant approval facility, and you can get your loan disbursed within 15 minutes of approval.

MoneyView

MoneyView is another popular online loan app that offers personal loans to individuals in need of quick cash.

One of the standout features of MoneyView is the company’s focus on customer convenience and transparency. The app offers instant loan approval and disbursal, HDFC Bank partnered, and interest rates starting from 1.33% per month.

Moreover, MoneyView’s application process is quick and hassle-free, and you can get your loan approved within a few minutes.

EarlySalary

EarlySalary is a popular loan app that offers personal loans to salaried individuals.

One of the standout features of EarlySalary is the app’s instant loan approval facility and quick disbursal process. Moreover, the app also offers a flexible repayment period ranging from 90 days to 365 days, with interest rates ranging from 0.9% to 3%.

EarlySalary also offers a unique feature called ‘Salary Advance,’ which allows you to access up to 50% of your monthly salary in advance to cover any immediate financial needs.

LenDenClub

LenDenClub is a peer-to-peer lending platform that offers personal loans to individuals by connecting them with investors willing to lend money.

One of the standout features of LenDenClub is the app’s low-interest rate and flexible repayment period. You can get a loan amount ranging from ₹10,000 to ₹2,50,000, with interest rates ranging from 12% to 30%.

Moreover, LenDenClub’s application process is quick and hassles-free, and the app offers complete transparency and clarity to its users.

Capital First

Capital First is a leading non-banking financial company that offers personal loans to individuals across India.

One of the standout features of Capital First is the company’s flexible loan options and competitive interest rates. You can get a loan amount ranging from ₹1,000 to ₹50,00,000, with repayment options ranging from 12 months to 60 months.

Moreover, Capital First offers a quick and hassle-free application process, and you can get your loan approved within a few hours of application.

Credy

Credy is a popular loan app that offers personal loans to individuals based on their creditworthiness.

One of the standout features of Credy is the app’s quick and hassle-free approval process. Moreover, Credy offers loan amounts ranging from ₹10,000 to ₹1,00,000, with repayment options ranging from 3 months to 15 months.

Additionally, Credy’s interest rates are competitive, and the app ensures complete transparency and clarity in its lending process.

MoneyGram

MoneyGram is a popular international money transfer company that also offers personal loans to its customers.

One of the standout features of MoneyGram is the company’s quick and easy loan application process, with an instant loan disbursal facility. Moreover, MoneyGram offers loan amounts ranging from ₹500 to ₹5,00,000, with a flexible repayment tenure ranging from 3 months to 36 months.

Additionally, MoneyGram offers a wide range of international money transfer services to its customers, making it an all-in-one solution for financial needs.

Conclusion

Loan apps have become an essential part of our lives, and they offer convenient, quick, and secure solutions for our financial needs. Each of the loan apps discussed in this article has its unique features and advantages, and it is vital to choose the one that suits your needs and financial requirements.

So, next time you need quick cash to meet your financial needs, try one of these loan apps and experience hassle-free and convenient borrowing.

Thank you for reading, and see you in our next interesting article.

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