How to get a personal loans from these apps

The following apps are available in the Google Play store for personal loans: Moneytap, Money View, Cashe, Loantap, QuickCredit, Loanpe pro, and mPokket etc.

What is the definition of a personal loan?

A personal loan is a sort of unsecured credit granted by a bank or other financial institution. A personal loan is also known as a multipurpose loan since it may be used for a variety of purposes such as weddings, vacations, and medical expenses. This is based on employment history, credit score, and income.

Personal Loan App – Play Store

Follow these steps to download the personal loan app.

1. Open the Google Play store on your mobile device.
2. Search for the Personal Loan app name wise.
3. Then, click on “install app.”

Personal Loan App Interest Rates

App Name	Personal Loan Interest Rate
MoneyTap	13% to 18%  Annually
Money View	1.3% to 2% per month
Simpl Loan	20% to 30% per annum
Quick Credit	24% to 30% per annum
mPokket	2% to 3% per month
Loanpe Pro	3.5% – 12% per annum
LoanTap	14% to 18%  Annually

 

Document Required for Personal Loan App

The following are some of the documents needed to apply for the Persoan Loan Application.

• Image of a selfie
  PAN (Personal Identification Number)
• Identity Proof (Aadhaar Card/Voter Card/Driving License/Passport)
• Permanent Address Proof (Aadhaar Card/Voter Card/Driving License/Energy Bill)
• Personal Savings Account

Apply Personal Loan using Loan app

Here’s a step-by-step guide to applying for a Personal Loan using apps.

1. First, download the app and register your name and cellphone number.
2. Fill out the online application form with the necessary information.
3. Upload a scanned copy of the necessary documents.
4. Before approval, the issuer will verify the documentation.
5. When the loan is authorised, it is credited to the active bank account.
6. They claimed to have approved the application in one hour/ 2 day.

Click on the loan app name for more details-loan amount, tenure, how to check eligibility, and processing fees.

Disclaimer- This news article contains information about personal loans. If you want to take out a loan, read all the terms and conditions carefully.

Also read – best loan bank details