Today we are going to talk about the best instant Personal loan app without income proof. Many people are searching for the same, and today we will share the top 5 apps that provide loans instantly. So, this loan doesn’t require any income proof.
Here we put some parameters that will help you to get the best loan instantly with less interest rate. If you have a good CIBIL score, then you will get a loan at a very less interest rate. These all apps provide a loan from 3 to 72 Months, and that’s enough.
Instant Personal Loan Apps
Navi Loans & Mutual Funds
Navi is one of the most popular apps that provides instant loan in your bank account without any income proof. However, most people love this because of its superfast processing. However, they provide up to 20lakh loans with an interest rate starting from 9.9% to 45% Per Year.
Everything will be processed digitally. They will just check your CIBIL score, and take your Aadhaar card and pan card details. And then you will get the loan instantly in your bank account.
Loan App Name
Age
Interest rate
Tenure
Min Amount
Max Amount
CIBIL Score Minimum
Navi
21 – 65
9.9% to 45%
3 to 72 Months
1000
20Lakh
650
Loan App Name
Salary Slip
Pan card
Aadhar Card
Bank Statement
Collateral
Navi
No
Yes
Yes
No
No
Loan App Name
Processing Fee
Late Payment
Prepayment
Navi
Zero
24%
Zero
Loan App Name
Doc Verification
Money Credit
Navi
Instant
Instant
Navi Also provides to invest in mutual funds as well and that will help you to increase your money, through proper investment.
Dhani Loan App
Now let’s talk about Dhani Loan, this app also provides loans within 3 to 4 working days. Dhani app is one of the oldest load provider apps in India. This company was stable in 1995. However, they took 2 working days for document verification and 3 to 4 days for money credit. Dhani Charges a minimum 3.00% processing fee and 36% late payment. And if you do repayment, then they charge 5% of the amount. And if you do a prepayment after 6 months, then you don’t need to pay anything.
Loan App Name
Age
Interest rate
Tenure
Min Amount
Max Amount
CIBIL Score Minimum
Dhani
21+
12 to 40%
3 to 24 Months
1000
5Lakh
650
Loan App Name
Salary Slip
Pan card
Aadhar Card
Bank Statement
Collateral
Dhani
No
Yes
Yes
No
No
Loan App Name
Processing Fee
Late Payment
Prepayment
Dhani
3.00%+
36%
Zero for <20,000 5% after 6 months
Loan App Name
Doc Verification
Money Credit
Dhani
2 Days
3-4 Days
KreditBee Loan App
You can also get a loan from Kreditbee and this will be going to help you; however, they provide loans for 3 to 24 Months. They also provide the same features that the rest of the loan providers provide. But they charge is 3 to 6% processing fee, and they charge flat (One time + per day) and they don’t have any Prepayment option. And their interest starts from 13% to 29.88% per Annual.
Loan App Name
Age
Interest rate
Tenure
Min Amount
Max Amount
CIBIL Score Minimum
KredittBee
21+
9.9% to 45%
3 to 24 Months
1000
3Lakh
650
Loan App Name
Salary Slip
Pan card
Aadhar Card
Bank Statement
Collateral
KredittBee
Yes
Yes
Yes
Yes
No
Loan App Name
Processing Fee
Late Payment
Prepayment
KredittBee
3 to 6%
Flat (one time + per day)
No Option
Loan App Name
Doc Verification
Money Credit
KredittBee
2Days
3-4Days
CASHe Loan App
Now let’s discuss the CASHe loan app, this app also provides quick loans with minimum documents like others. However, their interest rate is much higher than others, actually, they charge 18 to 36%, and they do instant document verification and money will be credited immediately to your account. CASHe charges a 1.5 to 3% processing fee and a 24% or 120% late fee. And if you do the prepayment, then they will deduct full interest.
Loan App Name
Age
Interest rate
Tenure
Min Amount
Max Amount
CIBIL Score Minimum
CASHe
21+
18% to 36%
3 to 18 Months
1000
4Lakh
650
Loan App Name
Salary Slip
Pan card
Aadhar Card
Bank Statement
Collateral
CASHe
Yes
Yes
Yes
Yes
No
Loan App Name
Processing Fee
Late Payment
Prepayment
CASHe
1.5 – 3%
24% – 120%
Interest deduct full
Loan App Name
Doc Verification
Money Credit
CASHe
Instant
Instant
True Balance Loan App
Now we are going to discuss the final app, True Balance Loan App, however, this app also charges a 0 to 5% processing fee and 365% late payment, and they don’t have any option for pre-payment. Their actual interest is 60 to 108% depending on your CIBIL score. They provide 5,000 to 50,000 loans and the time duration is 2 to 4 months. They charge more in all loan apps, and they provide significantly less duration for the repayment.
Loan App Name
Age
Interest rate
Tenure
Min Amount
Max Amount
CIBIL Score Minimum
True Balance Loan
18 – 65
60% to 108%
2 to 4 Months
5,000
50,000
650
Loan App Name
Salary Slip
Pan card
Aadhar Card
Bank Statement
Collateral
True Balance Loan
No
Yes
Yes
Yes
No
Loan App Name
Processing Fee
Late Payment
Prepayment
True Balance Loan
0 to 5%
365%
No Option
Loan App Name
Doc Verification
Money Credit
True Balance Loan
15 to 20 Minutes
30 Minutes
Details of Top 5 Loan Apps.
Loan App
Started
Download
Rating in Android
Rating In iPhone
Navi
2018
10M+
4.2
4.5
Dhani
1995
50M+
4.0
4.0
KreditBee
2015
10M+
4.3
4.4
CASHe
2018
10M+
3.1
3.7
True Balance
2016
5M+
4.4
NA
Loan App
Age
Interest Rate
Processing Fee
Late Payment
Pre-Payment
Navi
21 – 65
9.99 – 45%
Zero
24%
Zero
Dhani
21+
12 – 40%
3%
36%
Zero For <20,000 5% after 6 months
KreditBee
21+
13 – 29.88%
3 – 6%
Flat (Onetime + Per Day)
No Option
CASHe
21+
18 – 36%
1.5 to 3%
24 to 120%
Interest Deducted in full
True Balance
0 to 5%
60 – 108%
0 to 5%
365%
No Option
Conclusion
So, as above I shared all the major details about the loan apps which provide loans instantly; however, there are various factors like interest rates, processing fees, late fees, pre-payment, and others. And in all, Navi comes first, however, they provide a loan instantly to your account once everything verifies.
Some apps are safe and some are not safe; however, the above-listed apps are safe as others.
Which is the best Instant Personal Loan App?
As per our judgment, we give Navi the top.
How does the Instant Loan App work?
They work immediately, and they just verify your stuff like an Aadhaar card, pan card, and bank details, and that’s all, and you will get an Instant loan.
How do Instant Personal Loan Apps work?
They grab your personal data, and then they provide you with instant loans. Data means – Aadhaar card, Pan card, and bank details.