How Can Apply Credit Loan App Online 2022? 

Are you looking for the best Credit loan app and wish to know how can apply online for Credit Loan App? If the answer is yes, you are just at the right place! 

A Credit Instant Personal Loan is more or less the same as an emergency fund that an individual can use anywhere at any point in time.

These kinds of loans don’t feature any sort of end-use limitations.

This means that you can use a Credit Instant Personal Loan for any purpose such as vacations, weddings, or medical bills.

For all types of borrowers, a credit loan is like a safe monetary cushion. 

The ease of disbursement makes these types of loans a convenient choice for a large number of people.

The good part is that you can not only visit the branches physically and apply for a Credit Instant Personal Loan, but you can also do so through a credit loan app.

There are various credit loan apps available online that offer instant loans.

Gone are the days when you had to wait in long lines and wait for long weeks to get done with your loan disbursement.

Now, you can apply for a loan online at attractive Credit Loan App Interest Rates and borrow your desired amount of money. 

So now whenever you feel the need for some money, head to a good credit loan app on your device and apply for one.

To help you find the right application, in this article, we are going to provide a complete list of the top 10 credit loan apps in India.

We will also throw light on some key features of them all and how can apply online for the Credit Loan App?

So without any further ado, let’s begin. 

Benefits of Credit Instant Personal Loan using a Credit Loan App 

There are various benefits of using a credit loan app and applying for a loan through the same.

Below, we have mentioned some of these advantages: 

1. Minimal documentation required

If there’s one thing that makes a loan process extensively complicated, it’s the documentation.

There are plenty of documents that one needs to keep ready when applying for a loan and well, there’s nothing much you can do about it. 

But when applying for a loan on the credit loan app, the documentation is nominal!

This makes the entire process much more hassle-free and convenient.

2. No need to provide any collateral

A Credit Instant Personal Loan is unsecured. This means that you won’t need to provide any kind of asset or collateral on your loan when applying on the credit loan app. 

3. Fast Access

Applying for a Credit Instant Personal Loan involves no rocket science.

You can easily choose a loan amount as per your choice and avail of it at low Credit Loan App Interest Rates. 

4. Online Mode

One of the best parts about using a credit loan app to avail of a credit instant personal loan is the relief that the entire process is going to be online.

This means that you can easily avail of a loan from the comfort of your home and get it disbursed in a few clicks! 

5. Spend at any time, anywhere

You can spend your credit instant personal loan amount anywhere at any point in time without any limitations.

By the phrase ‘any point in time’, we are here implying within the repayment period.

You can use the loan amount for your house renovation, vacations, wedding plans, and so on. 

Let’s now look at how can apply online for Credit Loan App. 

Also read – How can apply Creditbus Loan App online 2022

Top 10 Credit Loan App List 2022 | How can apply online for Credit Loan App

It can take a lot of time and work to visit bank branches now and then when looking for a quick credit loan.

This is primarily because there’s an extensive documentation procedure involved when you apply for a loan through banks.

A credit loan app, on the other hand, is the simplest and most convenient way to apply for a credit loan from the comfort of your home.

The credit loan app interest rates are low and the documentation is minimal. 

The following is a list of the top ten finest credit loan apps in India that work hard to make your loans much simpler and more efficient: 

1. PaySense

• PaySense Credit Loan App Interest Rates – Starting from 1.08 percent to 2.33 percent
• The maximum amount of loan that one can apply for – is INR 5,00,000
• The minimum amount of loan that one can apply for – is INR 5,000 
• Documents required – Identity proof (Aadhar card or PAN card), Address Proof (Aadhar card, water bills, electricity bills, rental agreement, and so on), Income Proof (bank statement of the last 3 or 6 months), plus a Photograph of the applicant
• Key Features – flexible end-user system, nominal Interest rates charged, no collateral required, no need for credit score, simple documentation, fast approvals as well as disbursals

2. MoneyTap

• MoneyTap Credit Loan App Interest Rates – Starting from 1.08 percent to 2.3 percent
• The maximum amount of loan that one can apply for – is INR 5,00,000
• The minimum amount of loan that one can apply for – is INR 3,000
• Documents required – Photograph of the applicant, PAN card, Proof of address (electricity bills, ration card, water bills, gas bills, postpaid phone bill, telephone bill, or broadband bill), proof of identity (Aadhaar card, passport, driver’s license, Voter identification card), Rental agreement, bank statement of the last three or six months as well as Credit card statements
• Key Features – Entirely paperless procedure and online loan approval, paying interest amount merely for the leased sum, flexible EMI term ranging from two to thirty-six months, no need of collateral, four-minute loan approval, Secured API as well as interface, Variable credit loan app interest rates for the leased amount of loan 

3. Dhani

• Dhani Credit Loan App Interest Rates – Starting from 1 percent to 3.17 percent
• The maximum amount of loan that one can apply for – is INR 5,00,000
• The minimum amount of loan that one can apply for – is INR 1,000
• Documents required – PAN card, proof of address (voter identification card, driving license, passport, Aadhar card), applicant’s bank account details
• Key Features – Instant money disbursed up to INR 5,00,000 at nominal interest rates, Easy EMI processes and flexible tenure, free access to medical care, zero processing fee or any other charges, amazing cashback, free RuPay card of Dhani, entirely online procedure, 24*7 customer service 

4. Nira

• Nira Credit Loan App Interest Rates – Starting from 1.5 to 2.5 percent
• The maximum amount of loan that one can apply for – is INR 5,00,000
• The minimum amount of loan that one can apply for – is INR 3,000
• Documents required – Recent salary slips, bank account statement for the last three months, PAN card, proof of identity, proof of Address, Aadhar card, and photograph of the applicant 
• Key Features – fast loan approval as well as disbursal, minimal interest rates charged, simple repayment procedure, Flexible loan schedule, helpful customer service.

5. CASHe

• CashE Credit Loan App Interest Rates – Starting from 1.75 percent
• The maximum amount of loan that one can apply for – is INR 5,00,000
• The minimum amount of loan that one can apply for – is INR 5,000
• Documents required – Proof of Income of the applicant (recent salary slips), Identity proof (passport, Aadhar card, driving license, or voter ID), Address proof (bills such as electricity bills, ration card, water bills, gas bills, postpaid phone bill, telephone bill, or broadband bill), PAN card
• Key Features – Online system of a loan application, User-friendly procedure, Privacy and security, effective and 24*7 available customer service, nominal interest rates, minimal documentation

6. Home Credit

• Home Credit Credit Loan App Interest Rates -Starting from 2.4 percent to 3.3 percent
• The maximum amount of loan that one can apply for – is INR 10,000
• The minimum amount of loan that one can apply for – is INR 2,00,000
• Documents required – PAN card, Proof of Identity or Proof of Address 
• Key Features – provides best offers once it evaluates the ‘best fit’ criteria of eligibility, offers an easy loan facility, smooth application process, quick approval, Facilitates timely EMI (equated monthly instalments), entirely private as well as secure online procedure.

7. PayMe India

• PayMe India Credit Loan App Interest Rates – Starting from 2 percent to 6 percent
• The maximum amount of loan that one can apply for – is INR 1,00,000
• The minimum amount of loan that one can apply for – is INR 1,000
• Documents required – Bank account statement, Proof of Income: Salary slips (most recent), PAN card, Proof of Identity, Proof of Address 
• Key Features – Simple login process, precise evaluation, quick disbursement, immediate approval, various kinds of loans available, secure procedures, private online method

8. India Lends

• India Lends Credit Loan App Interest Rates – starting from 0.9 percent to 3 percent
• The maximum amount of loan that one can apply for – is INR 50,00,000
• The minimum amount of loan that one can apply for – is INR 15,000
• Documents required – There are plenty of documentation requirements involved with this credit loan app. To know about them, you can head to their official website and scroll through it.
• Key Features – simple approval, fast disbursement, completely online procedures, customer service facilitated, great maximum value, reasonable rates of interest

9. Money View

• Money View Credit Loan App Interest Rates – Starts at 2 percent
• The maximum amount of loan that one can apply for – is INR 5,00,000
• The minimum amount of loan that one can apply for – is INR 5,000
• Documents required – Proof of income (salary slips or bank statement for the last three months), PAN card, proof of address (Aadhar card, water bill, electricity bill, driving license, voter’s identification card, passport), as well as Proof of Identity (Aadhar card, house bills, driving license, voter’s identification card, passport)
• Key Features – An in-built tracker system installed in the app to evaluate your expenses, reminders of bill payment, integrates with various third-party payment applications, minimal processing fees charges (2.5-4%) 

10. mPokket

• mPokket Credit Loan App Interest Rates – Starting from 3.5%
• The maximum amount of loan that one can apply for – No upper limit has been specified 
• The minimum amount of loan that one can apply for – is INR 500
• Documents required – (i) In case of Student Loans – Proof of identity (voter identity card, driver’s license, passport, or Aadhar card), College identity card, PAN card; (ii) In case of Salary Loans – Proof of identity (voter identity card, driver’s license, passport, or Aadhar card), PAN card, ID card of the company you are working in, Salary slips or bank statements of the specific bank account that receives your salary from the company, Form 16, or ITR (Income Tax Returns)
• Key Features – You can apply directly by simply showing your ID card, an entirely online procedure involving nominal documentation, loan application gets approved just within a day, money can be directly credited either into the provided bank account or even PayTM wallet, simple repayment process featuring a variety of options, offers promising credit scores

Also read – How can apply Qualitycash Loan App online 2022

Choosing The Right Credit Loan App 

As you can see above, there are just so many options available today when talking about choosing a credit loan app.

This makes the choice a very hard one to make. This is largely because each one of these has certain key features that truly stand out for them.

However, you will have to choose only one. So the question is how do you do that? 

Let’s look at some important considerations when choosing the right credit loan app for yourself:  

1. Eligibility Criteria

As per the experts, it is suggested that you choose a credit loan app that features an extensive array of eligibility prerequisites.

Some of these must include the applicant’s age, location, monthly income, revenue source, the status of employment, credit score rating, among others.

These can have a great role to play in determining your eligibility for the loan.  

2. Processing of the submitted documents

This stage is a very crucial one when choosing your credit loan app.

The speed essentially matters here at which the documentation process for a loan gets fulfilled.

There are various credit loans apps available that feature very minimal paperwork or almost paperless procedures.

However, some may also require you to complete your KYC verification by physically coming to the branch office.

Eventually, this may only be a personal choice, depending on your loan requirements.

If you wish to get your loan disbursed as soon as possible, you would prefer a paperless procedure. 

3. Rate of Interest

The credit loan app interest rates is a crucial aspect, especially regarding short-term credit loans as you will need to pay back the amount instantly. 

In case you miss out on even one payment, it is going to be shifted to a much larger amount.

Thus, make sure to choose a credit loan app that offers low rates of interest. 

4. Payment Tenure

Payment tenures should specifically be flexible. In case the schedule is too rigid, you will most likely end up losing a considerable sum.

A good credit loan app offers a grace period to the customers when they can pay back the loan amount without adversely affecting their credit score. 

5. Liberty of usage of the loan

Various credit platforms only provide loans for some specific transactions.

This implies that you will be able to use your loan amount only for some particular uses like only utilities including phone bills, house rent, electricity bills, etc.

This is truly a chaotic situation and to avoid so, you must choose a credit loan app that offers the loan amount for a wide variety of applications.  

6. Integrated Digital Wallets

Digital technology has progressed considerably in terms of making payments.

Some of the most popular digital wallets include GooglePay, PhonePe, Paytm, among others.

These platforms feature direct access to their wallets on various credit loan apps.

This makes the entire process much simpler and quicker.

Especially with features like auto-pay, digital wallets can come in very handy for your loan. 

7. Credit Loan App’s Interface

The ease of use is a key aspect when using not only a credit loan app but any application for that matter.

The application must be fast and simple to use and shouldn’t feature any bugs.

In case an app is packed with features but lags too much, the features will be of no use. 

You must keep all of the above-mentioned things in mind when choosing your credit loan app.

Apart from these considerations, there are also some other things to take into account such as any extra charges, associated terms and conditions, the customer service of the application, as well as integrations with other third-party applications (like Amazon, Flipkart, Myntra, MakeMyTrip, etc.). 

The Best Credit Loan App

• Best Credit Loan App Overall: PaySense

PaySense is one of the best credit loan apps available in India that aims to fulfil all your dreams and goals by offering you financial aid.

The app provides you up to INR 5 lakh loan amount involving fast application and disbursement procedures without any kind of chaos.

You can use the loan amount for a variety of purposes including weddings, vacations abroad, medical expenses, attaining customer durables, or house renovation.

The process is a pretty simple one and you can apply for a loan from the comfort of your home.

The app is ready to use in over 40 different cities in India. 

• Best Budget-friendly Credit Loan App: CASHe

CASHe is a popular financial platform that makes use of its proprietary software for credit rating.

This is called the SLQ, or the Social Loan Quotient.

It helps the company in providing the users with a large range of products and loan services for salaried individuals.

From personal loans to credit lines and much more, there’s a lot that the company offers.

Over 3 lakh customers have trusted CASHe and gotten their loan amount disbursed in an instant. 

Conclusion 

The entire loan process, from application to disbursement has become relatively easy and quick.

This has been made possible simply because of the wide range of credit loan apps available in the country today.

You can check out all the applications mentioned above and make a quick comparison among them all.

Keeping the above-mentioned considerations in mind, choose a credit loan app that works the best for you.

Now apply for the loan from the comfort of your home and get the amount disbursed in your bank account as quickly as ever!