How to Get Instant Personal Loan : Instant Loan Best app in India 2021
Personal Loans can help you address your immediate needs and can also be used for borrowing money for not-so-urgent personal expenses
1.Branch Instant Loan App
Personal Loans range from ₹750 to ₹ 50,000
Branch instant personal loan app
Tenure: 62days to 6 months. Interest rates range from 2%-30% depending on the risk profile of the customer.
Example: If the loan amount is ₹9,000 & interest is 24% per annum with tenure of 2 months, processing fee of Rs. 180 will be charged.
The interest for 2 months would come out to be ₹360. The EMI per month would be ₹4680. This would translate to a maximum APR of 24%. The total cost of the loan will be ₹9360. The total amount paid back including everything at the end of the term will be ₹9360.
Branch is the simplest and most secure way to borrow, save, and improve your financial health all from the convenience of your phone. Branch Personal Finance app is operated by Branch International financial services which is an RBI registered NBFC. Branch is secure and regulated by all laws as dictated for NBFC by RBI making it 100% secure for users.
PERSONAL LOAN RATES AND FEES
Loan Amounts: INR 750 to INR 50,000
APR/Interest rate: 24%-36% (Monthly interest: 2% to 3%)
Processing fee: 2% onwards
Terms: Depending on your loan amount for which you are eligible, you have the option to choose repayment terms for up to 6 months. Every loan amount we offer has the option to repay in a minimum of 62 days.
The amount would be directly deposited on your bank account.
Branch also offers a free credit score report(powered by CIBIL) which will be sent directly into your email. We also provide pointers to improve your scores month on month.
Get access to Free Credit Score and Free Credit Report only on Branch. You will get your free Cibil report and Cibil score mailed directly to your email ID.
KEY BRANCH FEATURES: FINANCIAL ACCESS IS JUST A TOUCH AWAY
The Branch app lets you apply for personal loans, save funds, or monitor your financial health on the go.
* No late charges or rollover fees on loans
* No paperwork, collateral or office visits needed
* Free Credit Score checks
* Easy access 24/7
* Quick and easy sign up
* Use your money the way you want to — for home or business
* Lower fees, and flexible payment terms as you repay
Questions? We provide world-class support for your financial needs, 24 hours a day. Message us within the app and receive an answer in minutes!
Branch personal finance app provides the following type of personal loans
– Medical Loans/Emergency Hospitalisation Loans
– Shopping Loans
– Home Renovation Loans
– Consumer Durable Loans (home appliances)
– Education Loans
– Vehicle Loan (2/4 wheeler loans)
– Travel Loans
– Wedding/Marriage Loans
– Student Loans
SAFE AND SECURE LOANS
Branch app makes getting a personal loan simple by using the data on your phone including your SMS history to verify your identity and create a credit score. We encrypt the data you choose to share with us to protect your privacy. We take your privacy very seriously and promise to never share your information with third parties.
Money View Loans – the simplest & quickest Instant Personal Loan App in India!
On our Instant Paperless Loan app, you can borrow any amount starting from ₹10,000 up to ₹5 Lakhs! Our Annual Interest rates (APR) vary from 16% to 39%* & you can choose from a wide range of flexible EMI repayment plans starting from 3 months & going up to 5 years.
For example, a loan of ₹50,000 with an annual interest rate (APR) of 24% and a repayment tenure of 12 months, processing fee is ₹1,750 + ₹315 GST (No additional fee) with monthly EMI of ₹4,728. Disbursed amount is ₹47,935. Total interest is ₹6,736. Total loan repayment amount is ₹56,736.
*These numbers are for representation only and the final interest rate or processing fee may vary from one borrower to another depending on his/her credit assessment.
Whether you need a quick loan to renovate your home, for a medical emergency, or for debt consolidation, we can help you. You can also get an instant loan for your wedding, vacation, or for any other personal expenses. What’s more? You can get the loan amount directly in your bank account in just 24 hours!
What makes Money View Loans the best loan app in India is our proprietary credit model that allows us to look beyond your credit score or history & understand your financial profile better. This, in turn, leads us to give you the best personal loan offer.
● Check your eligibility & get a custom loan offer in a few minutes
● Personalize your loan offer according to your needs and lifestyle
● Get the loan amount credited directly to your bank account
● From application to loan repayment, it’s all on the app
● Available in over 5000 locations across India