In the era of technology where everything is available online with just one tap or one click away. So why not a loan. A loan resource app is a small utility that will help you to find out the loan amount you as per your requirement. It does give you an estimate of how much money you can borrow based on information about your credit score.
The working process of loan resource app is showing the estimated cost of borrowing money from different lenders in terms of rupees per month EMI.
What is the eligibility to take a loan from a loan resource app?
- Age should be more than 18 years.
- Need to have a business & income source
- You should be a Indian citizen, only then you will be given a loan
What documents are required to take a loan from a loan resource app
To take a personal loan from a loan resource app, some documents are required, without these documents you are not given a loan. Document details mentioned below:
- Pan Card
- Aadhar Card
- Address proof
- Bank Statement
Top loan resource apps
- CashBean
CashBean is another instant loan resource app that is very popular among Indians. CashBean is an ideal option for those looking for a small number of instant loans. CashBean offers loans in the range of 1,000 to 60,000 rupees. Fees range from 90 rupees to 820 rupees. The interest rate offered by this app is up to 33% per year. Loan repayment periods vary between 91 and 120 days.
- Kissht
Fast, easy, and simply put, Kissht is another powerful loan resource app that offers three main types of lending: online purchase lending, personal lending, and revolving credit lines. Kissht has been downloaded over 5,000,000 times from the Play Store and has received a 4.3-star rating from users.
- Early Salary
EarlySalary is operated by Social Worth Technologies Pvt. Developed. As the name implies, it is intended for users who may need additional money before their salary arrives. Therefore, EarlySalary designed the service accordingly. EarlySalary offers a loan of Rs 1,000 to Rs 2,000,000 with a monthly interest rate of Rs. 24% to 30% in April with a service charge of up to 1.5% of the principal. The loan repayment period is 2 to 12 months.
EalrySalary has been downloaded over 1,000,000 times on the Google Play Store and has a user rating of 4.2. It is the best loan resource app as per reviews.
- India Bulls Dhani
Also known as the Dhani app it is one of the popular loan app in India. Introduced by Indiabulls Ventures Limited. This is the only application that offers personal loans up to 15 racks. Credit ranges typically range from 10,000 to 15,000,000 rupees.
A person can take out a loan with a monthly interest rate ranging from 1.2% to 3.0%. The borrower will be charged a one-time processing fee that varies between 1.5% and 6% of the loan amount. Dhani offers a flexible loan repayment period of 3 to 36 months. Applying for an instant loan is very easy.
Conclusion
Loan resource app is very useful to take loan. Make sure before lending some from any of the loan apps, they are secure and legal. On the internet, there are lots of fake loan resource apps.