Best Instant Personal Loan Apps without Income Proof for Students

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.

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.

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.

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.

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.

Details of Top 5 Loan Apps.

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.

Also, Read – JanSamarth Portal | How To Register, Apply For Loan & Login

FAQ About Personal Loan Apps

Note- We are not financial advisors, please take advice from your parents or financial advisor. Because we are not responsible for any losses.