TOP 5 New LOan App 2024 | Best Loan App 2024 | Loan Without Documents

Here are the top 5 loan apps for 2024 that provide instant personal loans with competitive features:

1. MoneyTap:Instant Loan App

• Offers loans from ₹3,000 to ₹5 lakh.
• Interest rates range from 11.99% to 29.99% per annum.
• Flexible repayment tenures from 2 to 36 months.
• Provides a credit line and a complimentary credit card for flexible spending【6†source】【7†source】.

To apply for a loan through the MoneyTap app, follow these steps:

1. Download the App:

• Go to the Google Play Store (for Android) or Apple App Store (for iOS) and download the MoneyTap app.

1. Registration:

• Open the app and register using your mobile number. You will receive an OTP (One-Time Password) for verification.

1. Personal and Financial Information:

• Fill in your personal details such as name, date of birth, address, and employment details.
• Provide financial details including your monthly income and bank account information.

1. KYC Verification:

• Upload required documents for KYC (Know Your Customer) verification. This typically includes your PAN card, Aadhaar card, or any other government-approved ID proof.
• Complete the e-KYC process for faster approval.

1. Eligibility Check:

• The app will perform an eligibility check based on the information provided. This may involve a soft credit check.

1. Loan Approval:

• Once approved, you will receive a notification. You can then choose the amount you wish to borrow within your approved credit limit.

1. Disbursal:

• Select the loan amount and the repayment tenure. The loan amount will be disbursed instantly to your bank account.

1. Repayment:

• Repay the loan in EMIs (Equated Monthly Installments) as per the schedule you selected.

Key Features of MoneyTap

• Credit Line: Get a credit line from ₹3,000 to ₹5 lakh, which can be used as needed.
• Flexible Repayment: Choose from 2 to 36 months for repayment.
• Interest Rates: Competitive interest rates ranging from 11.99% to 29.99% per annum.
• User-Friendly App: Manage your credit, repayments, and fund transfers easily through the app.

Additional Benefits

• No Prepayment Charges: You can repay the loan early without any additional charges.
• Complimentary Credit Card: Use the MoneyTap-RBL Credit Card for flexible spending.

For more detailed instructions and updates, you can visit the MoneyTap website or refer to the app’s help section once you download it

(2) KreditBee: Instant Loan App 2024

1. KreditBee:

• Provides instant loans from ₹1,000 to ₹4 lakh.
• Interest rates range from 1.02% to 2.49% per month.
• Quick disbursal in just 10 minutes.
• Available 24/7 with a completely online process

To apply for a loan through the KreditBee app, follow these steps:

How to Apply for a Loan with KreditBee

1. Download the App:

• Go to the Google Play Store (for Android) or Apple App Store (for iOS) and download the KreditBee app.

1. Register and Sign Up:

• Open the app and sign up using your mobile number. You will receive an OTP (One-Time Password) for verification.

1. Complete Your Profile:

• Fill in your personal details such as name, date of birth, address, and employment information.
• Upload a selfie and any other required documents for identification.

1. Submit KYC Documents:

• Provide the necessary KYC (Know Your Customer) documents. This usually includes your PAN card and address proof like Aadhaar card or driving license.

1. Apply for the Loan:

• After completing the profile, select the type and amount of loan you wish to apply for. KreditBee offers various loan products such as Flexi Personal Loan and Personal Loan for Salaried.

1. Verification and Approval:

• The app will verify the details provided. This process may include a credit check and other eligibility criteria.
• Once verified, you will receive a loan offer. Review the terms and conditions before accepting.

1. Loan Disbursal:

• After accepting the loan offer, the amount will be disbursed directly to your bank account, typically within 10 minutes.

1. Repayment:

• Repay the loan in EMIs (Equated Monthly Installments) as per the schedule. The repayment can be managed through the app.

Key Features of KreditBee

• Loan Amount: Ranges from ₹1,000 to ₹4 lakh.
• Interest Rates: Vary from 1.02% to 2.49% per month.
• Quick Disbursal: Loans are disbursed within 10 minutes of approval.
• 100% Online Process: Entire process is paperless and can be completed through the app.
• 24/7 Availability: The app allows you to apply for loans at any time.

Additional Benefits

• No Collateral Required: Loans are unsecured and do not require any collateral.
• Flexible Repayment Options: Choose repayment periods that suit your financial situation.

For more detailed instructions and updates, you can visit the KreditBee website or refer to the app’s help section once you download it

(3) CASHe: Personal Loan App 2024

1. CASHe: New Loan App

• Specializes in short-term loans for salaried individuals.
• Loan amounts from ₹1,000 to ₹4 lakh.
• Quick approval and disbursal.
• Flexible loan tenures and no collateral required

CashE is a popular loan app in India that offers personal loans to individuals in need of quick funds. Here’s a detailed overview of the CashE loan app and the process to apply for a loan:

CashE Loan App Overview

Features:

• Loan Amount: Typically ranges from ₹1,000 to ₹3,00,000.
• Loan Tenure: Short-term loans from 15 days to 6 months.
• Interest Rate: Varies depending on the loan amount and tenure, but usually ranges between 1.5% to 3% per month.
• Processing Fee: A small fee is charged based on the loan amount.

Eligibility:

• Age: 18 years and above.
• Income: Regular source of income is required.
• Documentation: Basic KYC documents (Aadhaar card, PAN card), bank statement, and income proof (salary slip or IT return).

How to Apply for a Loan on CashE

1. Download the App:

• Available on the Google Play Store and Apple App Store. Search for “CashE” and install the app.

1. Register:

• Sign up using your mobile number and email address. Verify your details through the OTP sent to your phone.

1. Fill Out Personal Details:

• Provide basic information such as your name, address, date of birth, and employment details.

1. Submit KYC Documents:

• Upload scanned copies or photos of your Aadhaar card, PAN card, and other required documents for verification.

1. Choose Loan Amount and Tenure:

• Select the desired loan amount and repayment period. The app will display the applicable interest rate and processing fee.

1. Complete Verification:

• The app may ask for additional verification through video KYC or call verification.

1. Loan Approval and Disbursement:

• Once approved, the loan amount will be credited to your bank account, typically within a few hours.

1. Repayment:

• Repay the loan through the app using various payment methods like net banking, UPI, or debit card before the due date.

Important Tips

• Check Eligibility: Ensure you meet all eligibility criteria to avoid rejection.
• Maintain a Good Credit Score: A better credit score can help in getting lower interest rates and quicker approvals.
• Read Terms and Conditions: Understand all terms, interest rates, and fees before accepting the loan.

Customer Support

If you have any issues or need assistance, CashE provides customer support through the app or via email at support@cashe.co.in.

By following these steps, you can easily apply for a loan using the CashE app and get quick access to funds when needed.

(4) NIRA: BEST LOAN APP

1. NIRA:

• Offers loans from ₹10,000 to ₹1 lakh.
• Interest rates between 24% and 36% per annum.
• Flexible repayment period from 3 months to 1 year.
• Focuses on salaried professionals with a simple application process

NIRA is another popular loan app in India that offers quick personal loans. Here’s a detailed overview of the NIRA loan app and the process to apply for a loan:

NIRA Loan App Overview

Features:

• Loan Amount: Typically ranges from ₹5,000 to ₹1,00,000.
• Loan Tenure: Ranges from 3 months to 1 year.
• Interest Rate: Varies based on the applicant’s profile but usually ranges between 1.5% to 2.5% per month.
• Processing Fee: A small fee is charged based on the loan amount, typically between 2% to 4%.

Eligibility:

• Age: 21 to 65 years.
• Income: Minimum monthly salary of ₹12,000.
• Employment: Both salaried professionals and self-employed individuals are eligible.
• Documentation: Basic KYC documents (Aadhaar card, PAN card), bank statement, and salary slips.

How to Apply for a Loan on NIRA

1. Download the App:

• Available on the Google Play Store. Search for “NIRA” and install the app.

1. Register:

• Sign up using your mobile number and email address. Verify your details through the OTP sent to your phone.

1. Fill Out Personal Details:

• Provide basic information such as your name, address, date of birth, employment details, and monthly income.

1. Submit KYC Documents:

• Upload scanned copies or photos of your Aadhaar card, PAN card, latest bank statement, and salary slips for verification.

1. Choose Loan Amount and Tenure:

• Select the desired loan amount and repayment period. The app will display the applicable interest rate and processing fee.

1. Complete Verification:

• The app may ask for additional verification through video KYC or call verification.

1. Loan Approval and Disbursement:

• Once approved, the loan amount will be credited to your bank account, typically within a few hours.

1. Repayment:

• Repay the loan through the app using various payment methods like net banking, UPI, or debit card. You can choose to repay in EMIs over the selected tenure.

Important Tips

• Check Eligibility: Ensure you meet all eligibility criteria to avoid rejection.
• Maintain a Good Credit Score: A better credit score can help in getting lower interest rates and quicker approvals.
• Read Terms and Conditions: Understand all terms, interest rates, and fees before accepting the loan.
• Timely Repayment: Ensure timely repayment to avoid penalties and to improve your credit score.

Customer Support

If you have any issues or need assistance, NIRA provides customer support through the app or via email at support@nirafinance.com.

By following these steps, you can easily apply for a loan using the NIRA app and get quick access to funds when needed.

These apps provide various features and loan amounts, ensuring flexibility and convenience for different financial needs. Be sure to review the specific terms and conditions of each app to find the best fit for your situation

(5) MoneyView: New Loan App

MoneyView is a popular financial technology app in India that offers various financial services, including personal loans. Here’s a step-by-step guide on how to apply for a loan using the MoneyView app:

Steps to Apply for a Loan via MoneyView App

1. Download the MoneyView App:

• Visit the Google Play Store (for Android users) or the Apple App Store (for iOS users).
• Search for “MoneyView Loans.”
• Download and install the app on your smartphone.

1. Register and Log In:

• Open the app and register using your mobile number. You may need to verify your number with an OTP (One-Time Password).
• Set up your profile by providing basic information such as your name, email address, and other personal details.

1. Check Loan Eligibility:

• On the app’s home screen, navigate to the personal loan section.
• Enter details such as your monthly income, employment type (salaried or self-employed), and other necessary information.
• The app will quickly check your eligibility and show you the loan amount you qualify for.

1. Choose Loan Amount and Tenure:

• Based on your eligibility, select the loan amount you need.
• Choose a repayment tenure that suits you, typically ranging from 3 to 60 months.

1. Upload Required Documents:

• You will need to upload documents such as:
  • PAN Card
  • Aadhaar Card or any other address proof
  • Bank statements for the last 3 months
  • Salary slips (if salaried) or income proof (if self-employed)
• Ensure the documents are clear and legible.

1. Verification Process:

• The MoneyView team will review your application and documents.
• They may call you for further verification or clarification if needed.

1. Approval and Disbursal:

• Once your application is approved, you will receive a loan agreement.
• Read the terms and conditions carefully, then e-sign the agreement if you agree.
• After the agreement is signed, the loan amount will be credited to your bank account, usually within a few hours to a few days.

Key Features of MoneyView Loans

• Quick Approval: The app provides instant eligibility checks and fast approval.
• Flexible Loan Amounts: Loans ranging from INR 10,000 to INR 5,00,000.
• Flexible Tenure: Repayment periods from 3 to 60 months.
• Minimal Documentation: Only basic documents are required for processing.
• No Collateral Needed: MoneyView offers unsecured loans, so no need for collateral.

Tips for a Successful Loan Application

• Maintain a Good Credit Score: Ensure you have a decent credit score to increase your chances of approval.
• Provide Accurate Information: Double-check all the information and documents you provide.
• Clear Existing Debts: If possible, clear any existing debts to improve your loan eligibility.

By following these steps, you can easily apply for a personal loan using the MoneyView app and get the financial assistance you need.