2020 was a significant year for the fintech sector. The online lenders kept growing by having the same pace projected for the 2021. These fintech companies have helped a lot of people who need money.
So, today we wanted to introduce you to the top 3 lenders in India offering Personal Loan. Those lenders are Kreditbee, Indiabulls Dhani and FlexSalary personal loan. We will share their details if you want to apply for a personal loan.
Kreditbee personal loan
Kreditbee Personal Loan is a Bangalore-based Fintech offering instant loans up to Rs 2 lakhs as per borrower requirement. Kreditbee became famous because it does not ask for a credit score to get a personal loan. If you are facing a financial emergency, you could definitely check it out.
The loan amount is offered up to Rs 2 lakhs.
The rate of interest starts at 1.02% P.A
The loan tenure is up to 15 months.
The processing fee depends upon the loan amount.
Currently, Kreditbee offers three types of personal loan. Microloan ranging from Rs 1,000 to Rs 10,000. Than there is cash loan for those who need money because their salary got stuck. The third is salary advance loan for the entire month.
To apply for Kreditbee personal loan, you could download it’s app form the Google play store. Now, let’s check out the next lender.
Indiabulls Dhani Personal Loan
Indiabulls Dhani Personal Loan was one of the first app to offer online loan in India. It changed the way we used to get the loan. Earlier it would take days to get it, but with Indiabulls Dhani, it could take only few hours or one day to get the loan.
It offers loan amount from Rs 1,000 to Rs 15 lakhs.
The rate of interest starts at 13.99% P.A
The loan cancellation charge is Rs 3000.
The loan rebooking charge is Rs 1500.
The loan tenure is up to 3 years or 36 months.
The late payment penalty is 3% monthly.
Indiabulls Dhani offers different types of personal loan. There is Wedding personal loan, Travel loan, Education loan, User car loan, Top up loan and new card loan. It also offer exicting offers and rewards. There is Dhani Pay, Dhani points and spin the wheel for those borrower who keep a good track record.
Lenders does not require a collateral to offer the loan. To apply, you could visit Indiabulls Dhani official website or download the app from the Google play store or Apple iOS store.
FlexSalary personal loan
FlexSalary Personal Loan is founded by those people who have decades of experience in Finance and Banking. The lender is the brain child of Vivifin India finance private limited, which is a Non-Bank company (NBFC). So, far it has disbursed more than 35,000 loans all over India.
FlexSalary offers personal loan up Rs 2 lakhs. The APR is up to 36% P.A and the processing fee is RS 650. Since it is an unsecured loan, it does not require collateral. For short term cash, It is one of the preferred online lender in India.
The borrower's age should be a minimum of 21 years of age, having the minimum salary of Rs 8,000 monthly at least. You could download the FlexSalary app from the Google play store to apply for a personal loan.
It offers four types of personal loan.
Personal loan
Travel loan
Executive education loan
Debt consolidation loan
The conclusion
To take a personal loan, you could choose one of these lenders. It will take from 1 to 2 day to complete the process. Be rest assured, you will not be disappointed.
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