In the fast-paced world we live in today, quick access to cash can be a game-changer. However, traditional loan applications that require physical paperwork and a time-consuming verification process can seem like an uphill battle. Enter the world of RBI approved loan apps in India, where you can get quick loans with minimal documentation. Here we take a look at the top five RBI approved loan apps in India for quick cash.
1. PaySense
PaySense is a popular loan app that offers personal loans of up to Rs. 5 lakhs with a flexible repayment option of up to 60 months. With low-interest rates, quick disbursal, and a simple 4-step loan application process, PaySense ensures fast access to cash when you need it the most. The app requires basic documentation, such as Aadhaar card and PAN card, to get your loan application approved.
2. MoneyTap
MoneyTap is an instant loan app that provides personal loans of up to Rs. 5 lakhs with an interest rate starting from as low as 13%. The app offers a credit line facility that allows you to borrow money as and when required, and you only pay interest on the amount you borrow. The app requires minimal documentation, such as PAN card and salary slip, for loan application approval.
3. EarlySalary
EarlySalary is a loan app that offers instant cash loans of up to Rs. 5 lakhs with a flexible repayment option of up to 12 months. With the app, you can get your loan amount credited to your account within minutes. EarlySalary has a unique feature called Salary Advance, where you can get a loan against your next month’s salary. The app requires minimal documentation, such as PAN card and salary slip, for loan application approval.
4. KreditBee
KreditBee is a loan app that offers personal loans of up to Rs. 1 lakh with a flexible repayment option of up to 15 months. With speedy processing and fast disbursal of loans, KreditBee is one of the most popular loan apps in India. The app requires minimal documentation, such as PAN card and Aadhaar card, for loan application approval.
5. CASHe
CASHe is a loan app that offers personal loans of up to Rs. 2 lakhs with a flexible repayment option of up to 12 months. The app requires minimal documentation, such as PAN card, salary slip, and bank statements, for loan application approval. CASHe has a unique feature called ‘Social Loan Quotient’ that uses social media behavior to assess your creditworthiness.
In Conclusion
In today’s digital age, loan apps have made access to quick cash easier than ever before. With minimal documentation requirements, low-interest rates, and fast loan disbursal, RBI approved loan apps have revolutionized the lending industry in India. If you’re looking for quick access to cash, these five loan apps are among the best options available.
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