In today’s fast and digital transforming world, anybody can faces financial issues or emergencies at any moment. So, 7 Days Loan App List is one of the essential for everyone who has facing emergencies for short period of time.
Personal loan is a perfect option for medical emergencies, unexpected expenses, urgent home repair. In this 7 days loan apps are play a perfect role for those who need for short period of time. Some digital lending platforms provide instant personal loans with minimum documentations and quick loan approvals, they provide funds with in 24 to 72 hours.
In this article we are going to discuss the 7 days loan app list to make your financial decision easy. This article also includes what is 7 days loan app, why use 7 days loan app and quick comparison for 7 days loan app list.
What is a Personal Loan?
A personal loan is an unsecured loan that any individuals can borrow from banks, Non-banking financial companies or digital platforms. It can be used for different purposes like;
- Medical emergencies
- home renovation
- Education fees
- Wedding expenses
- Debt consolidation
Personal loans mostly have fixed interest rates and repayment tenures range from few months to years. Traditional method of loan process can be time consuming and typical documentation and credit scores as compare to digital lending platforms.
What Is a 7 Days Loan App List PDF?
A 7 days loan app list provides a collection of digital platforms for taking loans that provide quick and easy process. It provides personal loans with quick approval and disbursal within 7 days or less than that.
These platforms offers loan applications:
- Instant Approval- It provides approval within few minutes of the application.
- Minimal Documentation- In these only need for PAN, Aadhaar and Bank details.
- Flexible Repayment Options- These platforms provides one-time repayment option and short-term EMIs also.
- Collateral- There is no requirement of collateral while using this platforms for the personal loans.
Basically, these apps/platforms are mostly useful for those individuals who need urgent cash but not qualify for traditional bank loan methods due to eligibility criteria are not fulfill.
Benefits of Using a Personal Loan App | 7 day loan
- Fast Disbursal: Most of the apps are approve and release the loan within 24 to 72 hours. While, banks take more days or weeks to approve loans. So, it is beneficial for emergencies too.
- Minimal Documentation: In this, just a few documents are required like basic documents (Aadhaar, PAN, bank statements and income proof).
- 100% Online Process: There is no need to visit a branch for the process or fill out the lengthy forms.
- Flexible Loan Amounts & Tenures: In this, loan amounts range from Rs.1000 to Rs.5 lakhs, with repayment periods from 7 days to 24 months.
- Accessible to Low Credit Score Borrowers: Some platforms provide loans to anyone who have low CIBIL scores or even no credit history.
Comparison Table: Key Features to Check in 7 Days Loan Apps
| Loan App | Loan Amount | Interest Rate (p.a.) | Processing Fee | Repayment Tenure | Approval Time |
|---|---|---|---|---|---|
| KreditBee | ₹1,000 – ₹5 Lakhs | 0% – 29.95% | 0% – 6% | 3 – 24 months | 5 mins – 24 hrs |
| CashBean | ₹1,000 – ₹1 Lakh | 24% – 36% | Up to 5% | 3 – 12 months | 24 – 48 hrs |
| MoneyTap | ₹3,000 – ₹5 Lakhs | 13% – 24% | 1% – 2.5% | 2 – 36 months | Instant approval |
| EarlySalary | ₹5,000 – ₹5 Lakhs | 9% – 24% | ₹199 – ₹999 | 3 – 24 months | 5 mins – 24 hrs |
| mPokket | ₹500 – ₹30,000 | 0% – 48% | Nil | 7 – 90 days | Instant |
| CASHe | ₹1,000 – ₹4 Lakhs | 24% – 30% | 2% – 5% | 3 – 12 months | 15 mins – 4 hrs |
| LoanPe | ₹5,000 – ₹10 Lakhs | 12% – 24% | 1% – 3% | 3 – 60 months | 24 – 72 hrs |
Eligibility Criteria for a Personal Loan
In the different apps criteria may be different but some basic criteria are same for everyone as well as every platforms.
- Age: The age of applicant should be 21 years to 60 years.
- Citizenship: Applicant must have their resident in India.
- Income: Provide income proof to show regular income source. (If salaried or self employed).
- Valid Documents: All the basic and necessary documents should be verified.
How to Apply for Personal Loan | 7 day loan
For applying for the loan, you just need to select particular platform.
- Once you got perfect platform for your loan then, click on the apply.
- For applying you just need to register your mobile number and complete the KYC.
- After that, Choose the loan amount you want to take.
- Then, submit required documents and wait for the verification.
- Once it approve by the particular platform, you get the amount credited directly in to your bank account.
Conclusion
So, 7 days loan app list is one of the important things for those who need a money for short period of time and for those who wants instantly. It is a quick and convenient solution for urgent needs of money.
If you need instant funds without lengthy bank procedures then go for this 7 days loan app list in India.
FAQs on 7 Days Loan App list in India
Are 7 day loan apps safe?
Yes, most apps are RBI-approved and follow strict data security measures. Always check for Google Play Store ratings and custmer reviews before applying.
Can I get a loan without a salary slip?
Yes, some apps offer loans based on bank transaction history instead of salary slips, making them accessible to freelancers and self-employed individuals.
How quickly can I get the money?
Disbursal time varies from 5 minutes to 72 hours, depending on the lender and verification process.
