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Ajit Samal
by on March 19, 2020
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Are you in some kind of financial trouble? The issue is so severe; you need the money in less than 1 week. So what can you do about it? Well, the best way to tackle this financial trouble is to take an instant loan. 

An instant loan is also known as Personal Loan. It is an unsecured loan. There are many banks, NBFCs and financial institutions that provide urgent loans

If you do not want to visit a bank, you can take an instant loan from apps. Yes, many apps offer urgent loans. We will tell you about those apps. Please keep reading to know more. 

  • Realme PaySa
  • Loan Tap
  • RupeeLend

Realme PaySa

As you already know, Realme is one of the most prominent smartphone brands in India. They have launched their own credit service with collaborating EarlySalary to offers instant personal loan. Currently, they are offering four products. 

Those are Instant personal Loans, Business loans, and Screen Insurance and Free credit report.  However, our focus is on personal Loans. So, let’s see its details. 

Loan amount

From Rs 8,000 To 1 Lakh

Rate of Interest

Onwards 24%

Loan tenure

From 91 Days to 36 Months

Processing fee

Rs 399 Excluding GST

  • Money credited directly into your bank account within minutes. 
  • Minimal Documentation 

Loan Tap 

Loan Tap offers instant approval and disbursal. Hidden charges are meaning the whole process is transparent. 

Features of Loan Tap

 

  • The process is quick. 
  • It offers flexible repayment tenure
  • You can get customized personal loans.

 

Now, let’s see Loan Tap personal loan details. 

Loan amount

From Rs 50,000 to Rs 10 Lakh 

Rate of Interest

Onwards 15%

Loan tenure

From 6 Months to 60 Months

Processing Fee

Up to 2% of the loan amount excluding GST

Collateral 

NIL 

As you can see Loan Tap Offer instant Loan at the pretty lower interest rate. 

RupeeLend

Rupeelend is one of the highest rate lender apps on the Google play store. Here are it’s loan details you need to know. 

Loan amount

From Rs 10,000 to 1 Lakh

Rate of Interest

0.15 to 1% per day 

Loan tenure

61 days to 91 Days

Processing fee

NIL

Prepayment Charges

NIL

Late Payment charges

1%

Collateral 

NIL 

  • There are no top-up loans offered by Rupeelend. 
  • Rupeelend is presented in only metro cities such as Delhi NCR, Mumba, Hyderabad, Chennai, and Bangalore. 

What is the eligibility criteria? 

Here are general eligibility criteria you need to know to apply for these instant loans. 

  • The applicant should be an Indian resident. 
  • The applicant should be earning at least Rs 8,000 per month. ( It will vary from lender to lender)
  • The applicant should be able to repay the loan. 

What documents will you need? 

These are the documents you will need in order to submit.

  • Aadhar Card
  • PAN Card
  • Salary Slip and Bank statement for last 6 Month 

Now, you know what to do when you facing a financial situation. Just download of these apps, and apply. 

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