Instant Loans for Low CIBIL Score | अब लोन मिलेगा बिना किसी परेशानी के, बस कुछ मिनटों में!

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In India, various NBFCs mobile applications provide instant loan services to who have low CIBIL scores. While traditional banks remain the primary route for personal loans, lengthy approval processes and frequent rejections based on criteria or CIBIL score force many to seek alternative options.

Instant Loans for Low CIBIL Score | अब लोन मिलेगा बिना किसी परेशानी के, बस कुछ मिनटों में!

Instant Loan Apps with Low Cibil Score in 2024

Instant loan apps operate under Non-banking financial companies (NBFCs) registered with the RBI. However, caution is advised against using unregistered RBI loan apps, which may engage in fraudulent activities. It is advisable to look at the RBI approved loan apps list for 2024 to ensure quick loan disbursement and favorable EMI terms.

Instant loan apps interest rates 2024

Interest rates on these loan apps vary, typically ranging from 14% to 38% depending on individual circumstances and creditworthiness. Additionally, processing fees (2% to 10%) and documentation fees apply. Penalty may be imposed for not paying EMI on time.

Top list of Instant loan application in 2024

Below is a list of top instant loan apps for 2024 along with their interest rates and loan amount ranges:

Loan AppInterest RateLoan Amount Range
PaySense1.4% – 2.3% per month₹5,000 – ₹5,00,000
KreditBee1.02% per month₹1,000 – ₹4,00,000
InCred16% – 36% per annumUp to ₹3,00,000
CASHe2.% per month₹1,000 – ₹4,00,000
Fibe₹9 per day₹5,000 – ₹5,00,000
MoneyTap1.08% per month₹3,000 – ₹5,00,000
L&T Finance13% per annum₹50,000 – ₹7,00,000
Prefr18% – 36% per annum₹10,000 – ₹3,00,000
Zype Instant Loan App18% – 39% per annumUp to ₹5,00,000
MoneyView1.33% per month₹5,000 – ₹5,00,000
Piramal Finance12.99% per annumUp to ₹5,00,000
Hero Fincorp11% – 35% per annumUp to ₹5,00,000
Bajaj Finserv13% – 38% per annumUp to ₹50,000

What is the for NBFCs personal loans mobile applications?

  • Indian citizenship
  • Minimum age of 21 years
  • Regular source of income
  • Valid Aadhar Card and PAN card linked to a bank account and mobile number for KYC
  • Valid email ID for verification
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How to apply for loan through NBFCs mobile apps 2024?

  1. Download and install favorite mobile applications.
  2. Create a profile by providing your mobile number, email ID and personal details.
  3. Complete the KYC process by uploading Aadhar Card, PAN Card and a selfie.
  4. Verify your identity with the OTP sent by the company.
  5. Choose loan offers based on eligibility.
  6. Confirm the EMI plan with the second OTP.
  7. Get the loan amount in your bank account within minutes after deducting processing fees and document charges.

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