Loan: These instant loan apps will come in handy when you need money in an emergency, you will get instant help of up to Rs 50,000..

In today's time, whenever there is a sudden need for money, whether it is to repair the house or in case of a medical emergency, instant loan apps seem to be the most reliable and easy way. Through these, you can take a loan of up to Rs 50,000 in just a few minutes or hours. Their biggest advantage is that you don't have to stand in long lines at the bank, nor do you have the hassle of submitting more documents. This is the reason why people have started considering them as the fastest and easiest option for a personal loan.

Instant loan up to Rs 50,000

Instant loans are like personal loans, but they are processed very quickly, that is, in just a few minutes or hours. If you need an amount of Rs 10,000 to Rs 50,000, then these apps can do this work for you in minutes. So let us tell you, what are the top 5 instant loan apps for up to Rs 50,000...

1. LazyPay: With the help of this app, you can get an instant loan of Rs 10,000 to Rs 5 lakh. The interest rate is 18% per annum, and the repayment tenure is quite flexible, which can be from 3 months to a maximum of 24 months.

2.Zest Money: A loan of up to Rs 5 lakh can be availed at an interest rate of 14% per annum, and you can choose a repayment tenure of 3 to 36 months. The entire process is digital and requires very little documentation.

3. mPokket: Its process is so fast that your loan can be approved in just 7 minutes. You can get an instant loan of up to Rs 50,000 at a monthly interest rate of 0% to 4%. The repayment tenure is from 1 to 12 months.

4.PaySense: With the help of this app, you can take a loan of Rs 5,000 to Rs 5 lakh at a monthly interest rate of 3%. The repayment tenure is from 3 months to 48 months.

5.Kredit Bee: You can take a loan of Rs 6,000 to Rs 10 lakh at an interest rate of 12% to 28.5% per annum. The repayment tenure is from 6 to 60 months. The monthly salary of those applying for this loan should be at least Rs 10,000.

Benefits of an instant loan

Instant approval and disbursement: As the entire process is digital, the loan is deposited in the bank account within minutes or a few hours.

No more paperwork: For a loan up to Rs 50,000, only identity proof, address proof, and income proof are required. There is no need for any physical verification, and the money is credited to your bank account within a few hours.

No guarantee: These loans are unsecured, so there is no need to pledge any property.

Flexible repayment options: You can repay the loan as per your convenience in 3 to 24 months.

Improves credit score: Repaying the loan on time improves your credit score, making it easier to avail a loan in the future.

How to apply for an instant loan?

First, choose a reliable lender.

Check the criteria, such as minimum income, to check eligibility.

Then fill out the application form.

Upload documents like PAN card, Aadhaar card and bank statement.

After verification, the loan amount will be credited to your bank account.

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