Which Loan App is Right For You?

Taking out a loan app is a very convenient way to get the money you need. However, it’s important to know what to look for before you decide which loan app is right for you.

Credy

Whether you’re a first time borrower or looking to refinance your current loan, Credy may have a loan that is just right for you. It offers several advantages and conveniences, including a line of credit, instant approval and cheaper EMIs.

The best part is, the process is as simple as it sounds. To get a loan you need to fill out a form on the Credy website, provide some basic information and upload some documents in digital format. Once you’re approved, the money is disbursed in as little as 24 hours. It’s possible to borrow as much as you want and the repayment term is up to nine months.

RupeeLend

Using Artificial Intelligence, RupeeLend uses social metrics to assess the credit worthiness of borrowers. This helps them in reclassifying borrowers. They also disburse loans within two hours of the request. Moreover, customers can foreclose the loan without any extra charges.

RupeeLend offers instant short-term loans to individuals with low credit scores. Their main aim is to help people in times of emergencies. They have 25,000 customers in their portfolio, and have generated Rs 100 crore in loans over the past three years. Currently, they are in Delhi-NCR, Chennai, Pune, Hyderabad, and Mumbai.

The company uses artificial intelligence to speed up the process of processing loan applications. They also use mobile data usage to assess creditworthiness.

Carbon

Whether you’re looking to start a small business or need to get a loan, Carbon has you covered. It offers loans of all sizes, and its application process is quick and easy.

Carbon is a loan platform that provides quick loans without requiring collateral. The company has a low interest rate, and provides loans of any size. It also offers repayment plans, which include three and six month options.

Carbon’s app allows you to get a loan within five minutes. Upon approval, you’ll receive the money straight to your bank account. You can also use your debit card to repay the loan. The app also allows you to manage your bill payments and recharge your mobile phone.

MoneyTap

Introducing MoneyTap, Asia’s first app-based personal credit line provider. The app enables customers to avail a line of credit anytime and anywhere through their mobile phones. This is done in just a few simple taps.

To apply for a MoneyTap line of credit, you need to download the mobile application from the Google Play Store or the Apple Store. You also need to provide some basic information. The application will then show you whether you are eligible for a personal loan or not.

The application will also let you know how much credit you can borrow. You can choose your repayment tenure from 2 months to 36 months. Once your application is approved, you will receive a credit card that you can use for offline and online shopping. You can also earn reward points on your purchases.

SmartCoin

Whether you need a loan to start a business, buy a car, or go on vacation, the SmartCoin Loan App can provide you with the money you need to do it. It’s easy to use, and you don’t need to worry about collateral charges.

SmartCoin uses data science and machine learning to assess the risk of lending, and then uses a proprietary algorithm to verify the borrower’s creditworthiness. The app also uses a cleverly crafted calculator to determine how much you can borrow and how much you should pay back over a period of time.

SmartCoin offers a range of loans from a small personal loan to a business loan. The app is available in more than 18,000 pin codes across India, making it a good choice for those who are not familiar with the lending scene in their city.

CashBean

Getting a loan through CashBean is simple and easy. The procedure involves filling out an online form with personal information such as name, address, phone number, and PAN card. Once the application is approved, the amount is transferred to the borrower’s bank account within 5 minutes.

CashBean is a web-based platform that provides instant personal loans to people living in India. It offers loans from Rs. 1,500 to Rs. 60,000, depending on your requirements. It is designed for young professionals who require a quick loan.

CashBean has a 4.3/5 star rating on the Google Play Store. It has over 10 million downloads. This means that it is one of the most popular loan apps in India.