If you are looking for an instant loan, consider these lending platforms

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If you are looking for an instant loan, consider these lending platforms

Posted on June 11, 2022

Personal loans have never been easier to obtain than today thanks to digital technology. The process before digitization was a tedious process where people in need of money would rush and look for families, friends and acquaintances who could lend them money urgently, but now there is no need to take a day off and rush from bank to bank. looking for eligibility requirements, interest rates, and process learnings.

Everything is just 2-3 steps away to avail the biggest personal loan in just 1-2 days through loan applications. One can search and apply for the best personal loan online. Here are mentioned reliable instant loan apps, which one can easily consider to lend money.

RupeeRedee

Launched in 2018, RupeeRedee is a digital lending platform that allows consumers to meet their lending needs in a few simple steps using technology. The app gives you access to personal loans in minutes at your fingertips.

It is a technology-driven digital lending platform that leverages technology and data science to make lending accessible to India’s huge population of underserved customers. With robust KYC and a smooth process, the consumer journey is simple, fast and also protects your data. It currently has 4.51 million installs on Google Play Store and an average traffic of 400,000 on its website.

Operating with its own Captive NBFC FincFriends Private Limited in the background to facilitate short term personal loans coupled with digital lending services and has rolled out various forms of underwriting including alternative data sources and not limited to underwriting based solely on credit rating. By following the code of fair practices and the compliance process, it provides its consumers with an exceptional experience and satisfaction.

GalaxyCard

Established in 2018, the company has acquired a huge customer base in over 600 cities across the country. The digital credit card can be made available instantly in 3 minutes and benefits customers with no annual, membership or interest fees. GalaxyCard aims to make credit cards easily accessible to customers with an income of less than 30,000 per month. Customers can simply download the app and complete a free online registration for treatment. The whole application process is digital and requires three basic details – PANCard, Aadhar Card and bank statements. Unlike the traditional loan process, it eliminates cumbersome paperwork and long processing time.

ReadyKart

Founded in 2014, LendingKart’s main mission is to facilitate access to credit for SMEs (small and medium enterprises) in India. It operates as an NBFC and focuses on MSME loans and capital. LendingKart uses big data analytics to help lenders determine a borrower’s creditworthiness. It also completes the loan disbursement process much faster than traditional banks.

Loan tap

LoanTap Financial Technologies is an online platform committed to providing personalized loan products to millennials. The Pune-based company was established in 2016 with the aim of providing a seamless customer experience from application to disbursement process. The platform is reportedly committed to providing flexible loan products to salaried professionals. LoanTap offers loans to help millennials live the life they want. The company is said to offer quick personal loans on favorable terms to the customers. LoanTap’s goal is to delight its customers by helping them choose the best loan products.

BOX

Mumbai-based CASHe is a digital lending platform for young salaried millennials. CASHe offers instant short-term personal loans ranging from INR 7,000 to INR 300,000 for tenors up to 1 year at from young professionals based on their social profile, merit and earning potential. The company uses its proprietary algorithm-based machine learning platform.

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