#FinancialBytes: 5 best apps for all your short-term loan needs
Gone are the days when you needed to visit a financial institution or make various phone calls to get a loan. Today, you can comfortably get it done using a mobile application. But in this world, where we have hundreds of apps for almost every single thing, which one should you choose? Here are the best 5 apps for all your short-term loan needs.
SmartCoin: Get loan on same day of application
Using the 'SmartCoin' app, you can get personal loan instantly - on the same day of your loan application. All you need to do is upload your bank details along with an identity proof, a selfie and the loan amount. That's all. On the basis of the given information, 'SmartCoin' lets you borrow within the range of Rs. 1,000 to Rs. 50,000.
Capital First: One-stop solution for all your loan needs
If you wish to park all your loan-related worries at just one place, then that can surely be the 'Capital First' app. It lets you apply for a loan instantly, be it a personal, business or car loan and also provides you with all the details related to your loans. It also you keeps you informed with ongoing personalized loan offers via notifications.
Credy: Get loan instantly with just 1-min-long loan application process
The next best short-term loan app is 'Credy' which comes with a loan application process of just a minute! It offers a loan within the range of Rs. 10,000 to 1,00,00 and typically charges an interest rate of 1-1.5% per month. The only limitation with this app is that it's only available for salaried individuals earning at least Rs. 15,000/month in Chennai or Bengaluru.
CASHe: App which gives instant loan even for 15 days
Yeah, you read it right. The 'CASHe' instant loan app even gives a loan for a period as short as 15 days. It offers loan within the bracket of Rs. 10,000-2,00,000 to young salaried individuals without any paperwork or human interaction. It just needs five things from you- your PAN card number, address proof, latest salary slip, bank statement and a selfie.
Cashiya: Besides giving instant loan, it also manages your finances
The last app featuring in our list of best short-term loan apps is 'Cashiya'. Besides providing short-term personal loans instantly, 'Cashiya' also offers an interface which manages your income and expenses automatically by scanning your transaction messages. You can also buy an insurance policy for your health, car or two-wheeler and plan your investments and retirement savings using this app. Happy instant loan processing!