Top 5 Best Loan Apps 2024 in India: Nowadays it has become very easy to take a loan. Any person can easily get a loan through the online platform, but the problem is which platform should they use that is safe for them. There are more than 5000 loan apps available in the Indian market, but which of these apps is approved by RBI and is safe for you? In this article, we will tell you, what things should you keep in mind while taking a loan. What is the interest rate of which loan app and how safe is it? Let us tell you about the Top 5 Best Loan Apps 2024 in India.
Top 5 Best Loan Apps 2024 in India
These Top 5 Best Loan Apps help you in taking a loan, you can easily take a loan from here and it is approved and registered by RBI which is a safe loan app for you. You can easily apply online through these loan apps and the money comes to your account In a few hours or days.
Table of Contents
Interest Rate: Top 5 Best Loan Apps 2024 in India
| Sr. No | Apps Name | Interest Rates |
| 1 | Navi | 9.9% to 45% |
| 2 | KreditBee | 16% to 29.95% |
| 3 | CASHe | 30.42% to 44.52% |
| 4 | True Balance | 28.8% to 70% |
| 5 | Money Tap | 13% to 26% |
1. Navi
Navi is a fintech loan app that provides you with loans in urgent situations and its interface is very easy, you can easily take a loan from here. To take a loan from Navi App, your age should be 21 to 65 years. Its interest rate ranges from 9.9% to 45% and the Minimum Civil score should be >650.
Tenor: 3 to 60 months is available.
Documents Verification: Documents verification is done immediately. Required documents are a PAN Card and an Aadhar Card. This App was established in 2018 and has more than 50 million USERS.
2. KreditBee
This is a very trustworthy App that gives loans easily without any hassle. To take a loan from this App, your age should be between 21 to 50 Years and its interest rate ranges from 16% to 29.95%. Minimum Civil score should be >650. You will get a loan at this interest rate only when your minimum monthly salary is 10000 to 15000 thousand.
Processing Fee: The processing fee of this App is Rs 150 to Rs 13750. There is no preparation fee to be paid for this. You can take a loan from Rs 3000 to Rs 5 lakh. The period available in Tenor is 3 to 24 months. It takes one day for document verification. You get the money in 10 minutes with online help. Required documents include a PAN card, Aadhar card, salary slip, and bank statement. This App was established in 2018 and has more than 50 million users.
3. CASHe
CASHe is a digital loan-giving platform that does not require any documents. To take a loan from this app, you must be 18 years of age. Its interest rate ranges from 30.42% to 44.52%. Your minimum civil score should be >650. You will get a loan at this interest rate only when your minimum monthly salary is 12000 thousand. The processing fee for this app is 5.5% to 6.5%.
Minimum To Maximum Amount: You can take a loan from Rs 1000 to Rs 4 lakh. Document Verification is done immediately. You get instant money with online help.
Required Documents: PAN Card, Aadhar Card, Salary Slip, and Bank Statement are required. This app was established in 2018 and has more than 10 million users.
4. True Balance
True Balance is a digital loan-giving platform and is also trustful. To take a loan from this app, your age should be 18 to 60 years. Its interest rate ranges from 28.8% to 70%. Your minimum civil score should be >650. The processing fee for this App is up to 15%. A loan can be taken from Rs 1000 to Rs 1 lakh. Documents Verification is done in 10 to 20 minutes. You get money in 30 minutes with online help.
Required Documents: PAN Card, Aadhar Card, Salary Slip, and Bank Statement are required. This app was established in 2014 and has more than 50 million users.
5. MONEYTAP
MoneyTap is revolutionizing personal loans in India with its app-based credit line. Age must be 23+ years. Its interest rate ranges from 13% to 26%. Your minimum civil score should be >650. The processing fee of this app is 999+ up to 7%. You can take a loan from Rs 3000 to Rs 5 lakh, Document verification is done in 10 minutes. With online help, money is received in 1 day.
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