Best and Quick Cash Loan App in India 2022

1. SimplyCash

SimplyCash is one of the most trustworthy and reliable personal loan lending apps. Powered by the leading NBFC Hero FinCorp, this cash loan app has successfully sanctioned over Rs 200 crore worth of loans to over 20,000+ happy customers so far. Presently, SimplyCash caters to the financial needs of both salaried and self-employed individuals in more than 74 cities. Some of the key features of this app are: 

• SimplyCash provides instant cash loan approval within 20 seconds.

• You can apply for a loan amount ranging from Rs 50,000 to Rs 1.5 lakh. 

• The monthly interest rate starts at 2.08%. However, the key benefit of choosing SimplyCash over other apps is transparency in fees and charges. 

• SimplyCash has a minimal and paperless documentation process.

• It offers an automated repayment option to its customers.

2. Money Tap

Founded in 2015, the cash loan app Money Tap allows you to get instant loan approval within minutes. The loan is accessible to salaried individuals, self-employed professionals and non-professionals. Currently, this app is serving individuals in more than 30 cities. Some of the key features of this cash loan app are:

• You can apply for an instant cash loan for an amount ranging from Rs 3,000 to Rs 5 lakh.

• You can choose a flexible tenure between two months and 36 months.

• The monthly interest rate levied on the amount starts at 1.08%.

• You will be charged only for the amount you have used.

3. PaySense

Similar to Money Tap, Pay Sense was founded in 2015 and it managed to garner good attention in a short time. To use this app, simply download it from the Google Play Store, check the minimum eligibility requirements for a loan, upload the required documents, and then hit the apply tab. Some of the key features of this cash loan app are:

• You can get an instant cash loan for the amount ranging from Rs 5,000 to Rs 5 lakh.
   
• You can choose flexible repayment terms for the period ranging from 3 months to 60 months.

• The app levies a loan processing fee of 3% plus GST.

• To apply for a loan with PaySense, salaried individuals should have a minimum monthly income of Rs 18,000. Self-employed, on the other hand, must have a minimum monthly earning of Rs 20,000. 

4. CASHe

Founded in 2016, CASHe aims at meeting the financial needs of working-class people who are usually turned down by traditional lenders. This cash loan app operates in two cities—Mumbai and Hyderabad—and has a customer base of over 3 lakh individuals across India. Here are some of the key features of this app: 

• You can apply for an instant cash loan for an amount ranging from Rs 1,000 to Rs 4 lakh.

• You can apply for the funds with the repayment tenure of 90 days, 180 days, 270 days, 360 days, and 540 days.

• The minimum and maximum loan amounts as well as the minimum salary requirements change with the loan tenure. 

5. Money View

Another well-known cash loan app Money View is gaining popularity due to its unrivalled functionalities. One of the things that distinguish this app from others is its smart money manager feature. This feature allows customers to keep an eye on their budgeting as well as expenses. Some other key features of this app are outlined below: 

• You can apply for an instant cash loan for an amount ranging from Rs 10,000 to Rs. 5 lakh.

• Money View has its own credit assessment model. So, even if your credit report shows a low credit score, you can still apply for a loan using this lending app.

• You can choose a flexible repayment tenure between 3 months and 60 months. 

Bottom Line

Today, arranging for short term funds have become super easy with the entire process requiring only a few clicks. However, with so many cash loan apps to choose from, you must opt for a lender like SimplyCash that not only provides you with sufficient funds but also has a trusted brand behind its name. In addition, you must thoroughly review the lender's minimum eligibility criteria before applying for a loan with your desired app.