Ever since the lending process has been associated with the cash advance loan app, it has become easier for customers to borrow. And also for lenders. After the huge success of digital lending, most lending companies have streamlined their lending mechanisms to the automated system i.e., cash loan loans through apps. In this process, you can borrow a thorough app which is free from any documentation and physical document verification process. In this loan process, you can go through the apps whichever you find easy and affordable, and then complete the loan application process i.e., with registration, document submission and approval of loan amount. So, there are various lenders which provide loans through apps and a couple of them are as follows.
Top 10 Cash Advance Loan Apps
- Money View
- MoneyTap
- KreditBee
- PaySense
- CASHe
- Nira Finance
- Navi
- Fibe (EarlySalary)
- LoanTap
- LazyPay
Let’s discuss in detail about cash advance loan apps
Money view: It’s the loan app which offers personal loans up to Rs10 lakh where the interest rates start from an affordable range and repayment tenures vary from 6 to 60 months. You can borrow through the app without any difficulties and can repay the amount as per your desired tenure.
MoneyTap: It provides a line of credit of up to 5 lakhs which might vary as per the customer’s income and credit score because you can borrow as per your monthly income and the surplus amount in your account so that you can pay the EMIs.
KreditBee: It has become one of the best lending apps where eligible customers can get a loan without any delay or difficulties. It provides personal loans as per your income and credit score. To get the loan through the app you can download and install the app directly.
Then, upload your documents and enter your details. You will get the approval for the loan amount you want.
PaySense: It’s a loan app which is associated with different banks and NBFCs and provides personal loans according to the requirements of the customers. The final approval is done based on income and credit score. You can borrow up to 5 lakh with affordable interest rates. The rate of interest varies from 14% to 36% p.a. and repayment tenures vary from 3 to 60 months where the customers can choose their tenure as per their choice.
CASHe: It’s an emerging lending App which helps you get a loan easily with personal loans of up to four lakhs where the interest rates are affordable and can vary as per the credit score of customers.
You can install the app and can use it for borrowing without any additional effort.
Nira Finance: It’s an instant cash loan app which offers a loan of up to 1 lakh and it provides a line of credit without any difficulties like physical document submission, verification and other time-consuming processes. Therefore, you can borrow the lakh with competitive interest rates which start from 2% and can be lower if your credit score is good.
Navi: it has been functioning as one of the best cash loan app where you can choose the fastest lending and it helps you get the loan without any difficulties. It also helps you get the loan at affordable interest and flexible tenure.
Fibe (EarlySalary): Whenever you have a cash crunch and you want to get the cash without getting delayed, you can go through the early salary where you can manage the cash in a few hours without any difficulties.
It provides a loan of up to 5 lakhs where your documents must be complete and you must have a higher credit score.
LoanTap: It’s a personal loan app that offers instant loans with a flexible process. Here you can ensure a fast and secure loan which ensures data security and affordable interest with flexible EMI options.
Like other apps, it offers personal loans with competitive interest and affordable EMI options.
Cash Advance Loan App Application Process
The loan application process through the app is easy and you can download and install the app if you are not using it. After installing the app, and registering your number through OTP, upload your documents and get the approval. You can go through different steps to get the cash loan from the apps and these are as follows.
- Download the app from where you want to borrow
- Register your number with the OTP
- Upload your documents i.e., PAN and Aadhar
- Get the approval for the loan amount
- Apply for the cash loan and get the approval shorty
- Receive the loan amount in your account
- Use the amount and repay as per the tenure.
Features and Benefits of Cash Advance Loan Apps
The loan through the App has various features and benefits where you will get instant approval and disbursal, without any physical document submissions. So the features and benefits of the cash loan through the app are as follows.
- Easily Accessible with all-time availability: the loan apps are easily available where you can go through the loan application without any difficulties.
- Instant Approval: If the documents are complete and your income and credit score are higher as per the lender’s policies, you will get instant approval.
- Competitive Interest: competitive interest allows you to borrow with an affordable interest where you will be able to get an instant cash loan with the
- No collateral: there are no requirements for collateral and therefore the cash loan is available without any delay or difficulties.
- Easy and flexible repayment options: you are free to choose an easy repayment option where you will be able to choose the flexible repayment options.
Eligibility Criteria for the Cash Loan
The eligibility criteria for the cash loan are decided based on the following factors, where the customer must have sufficient income and credit score. The eligibility criteria for the personal loan through the App especially depends on the age, credit score, documents, residential status and all and these are as follows:
- Age: you must be above 18 years old
- Credit Score: your credit score must be above 750
- Income; Your monthly income must be in comparison to the loan amount and the amount always depends on the income only.
- Documents: while applying for a personal loan, you must have valid documents, especially Aadhar, PAN, Salary slip, Bank statement, and other documents related to the residential status.
Conclusion
There are multiple cash advance loan apps from where you can apply for a personal loan. It will not only help you get the loan easily but also get the loan with affordable interest and flexible EMIs. Therefore, you can go for the loan application without any difficulties. It will help you get the approval and disbursal in a few minutes, especially when your documents are complete and you are eligible for a higher credit score and income. So, you can go for the suitable app as per your requirements. Check your eligibility and finally apply for the loan to get the cash instantly.
Frequently Asked Questions on Cash Advance Loan Apps
Ans. The advance cash loan app is available on the Google Play Store from where you can download the app and after uploading the documents and other steps, you can borrow the loan easily.
Ans. Yes, you can, but you must remember that while initiating the loan application, you must submit your Aadhar and PAN which is essential to get your credit score and transactional history.
Ans. The advance cash loan app has multiple features such as it is available to borrow at any time and you can apply for the loan without any physical documents.
Ans. Yes, these loan apps offer a personal loan with multiple EMI options where you can apply for the loan and get flexible repayment options.
Ans. Aadhar and PAN cards are required necessarily because these are required to get the transactional history of the customers. Therefore, the customers need to submit PAN and Aadhar. Apart from that, you must have documents like salary slips, Bank statements and all.
