Applying for a loan can be a hassle due to lengthy paperwork, credit checks and long waiting time for approval. Banks often take days or even weeks to approve loans, which isn’t ideal when you need money fast. That’s where urgent loan apps could be helpful. With just a few taps on your phone, you can apply, get approved and receive funds in minutes – no long queues, no complex paperwork.
Just make sure to choose a trusted app, understand the interest rates and repayment terms, and borrow responsibly. Quick cash should come with smart decisions.
If you are looking for a quick personal loan, Moneycontrol could also be a suitable option to access emergency funds. Moneycontrol has partnered with eight lenders to offer fast and fully digital loans up to Rs 50 lakhs. The application process is easy to follow: enter your details, complete the KYC verification, and choose an EMI plan. Interest rates can start as low as 10.5% per year, depending on your employment status.
How to get an urgent loan on Moneycontrol
Visit the Moneycontrol app or website
Fill your personal details
Check offers you are eligible for
Select offer & complete KYC
Set-up EMI repayment
Get instant cash disbursal to your bank account
Other urgent loan apps that provide loans in just a few minutes
- KreditBee
KreditBee is a popular digital lending company that provides quick personal loans to both salaried and self-employed people. The app enables users to borrow between ₹1,000 and ₹5 lakh, with repayment terms ranging from 3-24 months.
It offers an entirely paperless process, with approval and disbursement typically done within 10 minutes. The annual interest rate might vary from 17% to 29.95%.
KreditBee is a popular option for first-time borrowers because it does not require a good credit score for small loans. Keep in mind that short-term loans come with higher interest rates.
Application process for KreditBee
The first step is to download the app from Play Store.
Then upload personal documents such as Aadhaar card or PAN card and bank statements.
Once uploaded, select the loan amount and tenure.
- CASHe
CASHe is an AI-powered loan platform intended primarily for salaried professionals. It uses its own Social Loan Quotient (SLQ) to assess creditworthiness, making loans more accessible to even first-time customers. Customers may obtain loans ranging from ₹40,000 to ₹3 lakh, with repayment terms ranging from nine to 19 months.
Interest rates begin at 2.5%, depending on the type of loan you qualify for. The best part is the loan approval process often takes a few minutes and the disburse…
The drawbacks include penalties for late repayments and excessive processing fees.
Application process for CASHe
Download the app and log in to your Facebook, LinkedIn and Google account.
Then upload basic KYC documents such as PAN Card, latest salary slip and bank statement.
Once verified, the requested amount is credited to the user’s bank account within minutes.
- PaySense
PaySense is another well-known lending app that offers quick personal loans with adjustable payback terms. The loan amount ranges from ₹5,000 to ₹5 lakh, with tenures of 3 to 60 months. The annual interest rates range from 16% to 36% per annum.
One of PaySense’s main advantages is the pre-approved loan tool, which allows users to check their eligibility before applying. The app offers a co-applicant option, which increases the chances that people with lesser credit scores would be approved.
Even though PaySense offers larger loan amounts than many of its rivals, borrowers with less credit history must submit more paperwork and pay comparatively high interest rates.
Application process for PaySense
Download the app from Google Play Store.
Submit PAN card or Aadhaar card details for KYC.
Once verified, select the loan amount and repayment tenure.
- Stashfin
Stashfin is a digital lending company that offers self-employed professionals and salaried individuals immediate personal loans and a credit line. With a flexible credit limit of up to ₹5 lakh, users can take out money as needed and pay it back in convenient instalments.
Users only pay interest on the amount used with the app, which works similarly to a digital credit card. With interest rates starting at 2-3% per month and loan terms ranging from 3 to 36 months, it’s a competitive choice when compared to many other loan apps.
Stashfin also provides a Stashfin Credit Line Card, which functions similarly to a prepaid credit card and permits both online and offline transactions as well as cash withdrawals.
Application process for Stashfin
Download the app from App Store or Google Play Store.
Apply for a Credit Line.
Complete your KYC by uploading documents such as an Aadhaar card, PAN card.
Once the verification is done, transfer funds directly into your bank account.
- mPokket
mPokket is a student-friendly loan app that offers small loans to college students and young professionals. The loan amounts available to borrowers range from ₹500 to ₹50,000 with flexible repayment terms. With monthly interest rates ranging from 2% to 4% and annual interest rates between 24% and 48%, it is among the costliest borrowing options.
The app is great for students who require immediate cash for emergency expenses and do not have a credit history.
mPokket is a practical choice because of its quick approval procedure and low documentation needs. The limited loan limits and hefty interest rates can be a disadvantage for individuals seeking higher amounts.
Application process for mPokket
Download the app from the Google Play Store.
Register with your mobile number and add your personal and employment details.
Upload KYC documents and a selfie.
Select the loan amount and tenure and accept the loan agreement.
Click the Transfer Money button.
Final Words
Before applying, always check the terms, interest rates and repayment schedule to avoid financial strain. While urgent loan apps offer convenient access to funds, responsible borrowing is crucial for maintaining financial stability.
If you are looking for higher loan amounts, Moneycontrol’s online lending platform provides personal loan offers up to ₹50 lakhs from eight lenders, with interest rates starting at 10.5% per annum. The entire application process is 100% digital.
Source: www.moneycontrol.com
