5 Best Personal Loan Portals
CASHe: This one is a FinTech product from TSLCP that offers short-term personal loans to all salaried people. You just need to download and install the app. When it comes to the app then app follows a social loan quotient algorithm that makes consumer’s credit profile, which is entirely different from conventional lenders, banks, and credit agencies. If you’re a young salaried person then via this app you can easily get a loan without lengthy paperwork. You can get loan ranging from Rs. 10,00 to Rs, 2,00,00 (15, 30, 90, and 180 days). To avail loan, you just need a salary slip, PAN card, and statement and residence proof on a self-signed paper. You can upload that paper via the CASHEe app.
KreditBee: KreditBee merged with Xiaomi and brought this personal loan facility in which you will see the disbursal within 15 to 90 days. When it comes to interest then it’s quite high. You can avail loan at 3 percent interest (monthly).
Finzy: There’s one more personal loan platform and i.e. Finzy. From this platform, you can easily get a loan. You just need to give your basic information and KYC (Know Your Customer) documentation. In the second step, you need to submit income documents and bank account statement. In the third step, you simply need to accept loan terms. The loan sum will be credited to your account.
QuickRupiya: Within 60 seconds, you can check your personal loan eligibility in QuickRupiya. If you think you’re eligible then simply you need to submit your documents for the verification. If your submitted documents are valid and appropriate then you will get funds within 48 hours. You can avail loan amount between Rs. 25,000 and Rs. 10 lakh. With the help f Quick Rupiya, you can also get in touch with lenders. There are four lenders on this platform; Kotak, Tata Capital, Capital First, and DMI Housing Finance. Being a borrower you have 12 months to 60 months to repay your loan. The rate of interest begins at 10.00%.
Instapaisa: This platform lets you get in touch with lenders. The portal makes a connection between five lenders and borrowers. The interest rate varies from lender to lender. If you’re looking for a Personal Loan, just download Instapaisa and install it.