There is no question that instant loan guides apps have become a major part of the online world. There are several options to choose from, including Lend box and Pay Sense. But which one will work for you?
Pay Sense
Pay Sense is a leading mobile app for instant loans. The app allows you to take out an instant personal loan with a simple application process. Upon approval, you can have your loan amount deposited into your bank account within a day or two.
The app’s EMI calculator makes it easier for you to choose a loan term and a loan amount. You can also see how much interest you will be paying on your loan each month. Using this app is convenient and secure, since your personal information is encrypted using SSL.
Using the Pay Sense app, you can apply for a personal loan up to Rest. 5 lakhs. To qualify for a loan, you should be at least 18 years of age. Also, you should be a resident of India and have an active net banking account.
The app offers loans for consumer durables such as TVs, laptops, cameras, and more. Its service is available in over 50 cities in India.
If you need instant cash for an unexpected emergency, you should consider applying for an instant loan. However, you can’t rely on the app alone. Other factors to consider include your credit score and the lender’s terms and conditions.
As with any loan application, there are many aspects to keep in mind. Keeping track of all these can be overwhelming. Therefore, it’s best to focus on the most important details.
For example, the payoff from a Pay Sense personal loan is instant, since the funds are transferred to your bank account right away. But, the interest rate is almost always higher than that offered by a traditional bank. This is because the app combines several popular platforms to make the application and payment processes more convenient.
Lend box
Lend box is a financial app that aims to revolutionize the debt investment industry in India. It is a peer-to-peer lending platform that allows individual investors and institutional investors to invest in a wide range of loans.
Lend box is licensed by the Reserve Bank of India (RBI) as an NBFC-P2P. The company offers a variety of quality financial products, including instant personal loans, debt consolidation, and credit card repayment. In addition to offering a wide range of options, Lend box also provides a host of fixed income investment classes.
Lend box provides a transparent and hassle-free lending experience. Instead of relying on third-party agencies for loan verification, Lend box checks over 300 data points to ensure that the borrower is capable of paying off the loan. Upon approval, the loan is disbursed into the borrower’s bank account through Lend box.
Investors can choose to invest in multiple borrowers, or pick one at a time. Alternatively, they can engage recovery agencies to recover pending amounts. Besides, investors can withdraw their earnings before the maturity date.
To start investing, an investor needs to pay a registration fee of 500 rupees. But, investors can waive this fee if they deposit at least one lakh in their Lend box wallet.
Instant Loan Guide In order to become a registered user, an applicant must first register on the Lend box website. After this, the application will be verified. Applicants must be over 21 years of age and must have an Indian bank account. Also, applicants must have an authentic and complete personal and financial profile.
Applicants must also authorize Lend box to make inquiries into their credit history. During the verification process, Lend box will also assess the borrower’s educational qualification, asset holding, and spending habits.
Upwards
If you need a quick fix, upwards is one place to start. It provides you with a loan in a matter of minutes albeit with some of the aforementioned stipulations. They also provide a range of loans ranging from Rest 20,000 to Rest 3 lakh. The most common type is a fixed rate loan. As you would expect, the interest is a factor of the amount you borrow. To boot, it’s a bona fide NBFC (Non-Banking Financial Corporation) which makes it a good bet.
You can check the status of your loan application online as well. Upwards makes sure you get your loan on time and at a rate that works for you. Of course, you should read the fine print. Among the many companies slinging the cash, there’s no doubt that upwards is a worthy contender. For example, they’ve got you covered if you’re in the market for a home loan, laptop or tablet loan, or even a marriage loan.
Moreover, their customer service is second to none. Their mobile app, which is available on is and Android devices, is easy to use and can be downloaded in just a few clicks. Plus, their website makes it easy to apply for an instant loan, a feat that’s rare for a financial services company.
If you need a personal loan and don’t have access to a traditional bank, this could be the solution you’ve been searching for. Not to mention, their services are a lot cheaper than you’d pay at your local credit union.
