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5000

50000

Loan Apps for Indian Citizen

Today, with the help of the Internet, the world is digitized, all within a single click, and you can buy anything from clothing to any household appliance. And sometimes we all face a shortage of money to buy these things. Traditional banking includes many documents and long and tedious procedures for processing credit applications. You need to come to the bank office, stand in line, and submit a lot of documents. And almost every time they will ask for some form of security, which makes the process very questionable. However, today, thanks to technological advances and revolutionary technology, we have great flexibility in using applications that provide fast, secure and problem-free personal loans, sometimes within minutes.

It has become easier to use instant cash loans at low interest rates as there are a number of applications offered by credit platforms. With these applications, you can apply for a loan of up to Rs 5000 without leaving your home. All you need to do is install a mobile credit application on your smartphone.

How to get credit from Loan Apps

Install the mobile application first. Fill out the credit application in a few easy steps:

  • choose the most appropriate combination of loan term and amount;
  • fill out a simple questionnaire;
  • provide your bank account details;
  • download the appropriate documents to fill in KYC;
  • if necessary, make selfies.

When the application process is completed, funds are transferred to the borrower’s account. If the client has previously received a loan from the company, the process for documenting the follow-on loan will be easier.
Loan Apps serve users who have no credit history at all. Otherwise, such people may face difficulties in obtaining a personal loan from traditional lenders in India.

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Frequently asked questions

The citizens of India aged 20 to 65 years old.

It depends on the conditions of the particular bank or MFI. On average, from Rs.1000 to Rs.10 Lakh.

You need to submit an application on the website of the company or in a mobile app.

Processing of the application will take from several minutes to several hours, and crediting of money to your bank account will take from 1 to 5 days, depending on the selected company.

You can spend this money for any purpose: holidays, weddings, the latest gadgets, higher education, buying a car or even repairing a house.

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