Applying for an instant personal loan through an application has changed the way people can get funds easily and quickly at reasonably low-interest rates. Loan application has emerged as a preferred choice for people trying to find immediate funds with little paperwork. They not only allow borrowers to submit an online loan application but also help them complete the entire loan process digitally in a suitable manner.
Whether it’s travel expenses or marriage expenditure, personal loans are ideal to meet your short-term financial needs. Also, with no requirement of collateral or security, the documentation required and time to get a personal loan is far less as compared to other loans. The personal loan amount can range from Rs. 5,000 to Rs. 12,500.
With the arrival of technology, the appliance and disbursal of private loans became much easier. Several lenders offer this ease through their mobile applications. These applications offer instant personal loans to their customers. You only need a mobile phone and internet connection to get your personal loan instantly.
InstaMoney, a leading Instant Personal Loan App used by 2.5 Million+ users in India and with over ₹ 4 Billion (₹ 100 Crores) disbursed in loan amounts already disbursed. It constitutes under the largest number of personal loans given by any P2P lending platform in India. InstaMoney, an application offered by LenDenClub, is the go-to platform for borrowers to avail instant personal loans. Operational throughout India, the platform offers you quick loans at an interest rate ranging between 2% to 2.99% per month for a tenure of 3-5 months. The loan amount offered under the category ranges between Rs. 5,000 and Rs. 12,500 and is applicable for people without any default/write-off in the past. Since InstaMoney does not require any credit history, it is a more accessible route for an instant personal loan than banks. With over 2.5 million downloads, InstaMoney is one of the best instant personal loan mobile applications available on Google Play.