More than years ago instant loans were not so easy. At this time, manually you have to go Bank and provide lots of documents for a small amount of loan. In the era of 2024, instant loans make it easy for everyone.
Smartphone users can take instant loans with some clicks. Lenders offer Rs. 5,000 to Rs. 20 lakh instant loans. But which one is the best in 2024 is difficult to understand. After exploring 100 applications, we provide the best instant loan provider in 2024.
List of Best Instant Loan Providers in 2024
| Application | Interest Rate | Loan Amount |
| Faircent EEZEE | 12% to 28% p.a. | Rs. 50,000 to Rs. 1.5 Lakh |
| Zap Money | 18% to 36% p.a. | Rs. 1,000 to Rs. 1 Lakh |
| Privo | 13.49% to 29.99% p.a. | Up to Rs. 2 Lakh |
| DMI Finance | 12% to 40% p.a. | Rs. 25,000 to Rs. 15 Lakh |
| Zype | 18% to 36% p.a. | Up to Rs. 5 Lakh |
| Prefr | 18% to 36% p.a. | Rs. 30,000 to Rs. 5 Lakh |
| Navi | 9.9% to 36% p.a. | Up to Rs. 20 Lakh |
Faircent EEZEE
Faircent a P2P finance company provides up to Rs. 1.5 lakh instant loan. The straightforward process with Faircent EEZEE loan. Everyone with a 720+ credit score is capable of this instant loan. Faricent fletch your credit history and offer a loan.
Eligibility Required
- CIBIL Score: 720+
- Age requirement: 21 to 58 years
- Credit history should be 1 year old
- Not more than 3 enquire within 1 month
Zap Money
College-going students need instant loans without submitting income proof. ZapMoney fulfills this gap by providing Rs. 1,000 to Rs. 1 lakh digital loans. Your loan eligibility is automatically checked by the ZapMoney application and offered loan within a couple of times.
Eligibility Required
- Age requirement: 18 to 60 years
- Credit Score: -1 or 720+
- Salaried customer minimum Rs. 15,000 salary required
- Not defaulter previous loan
Privo
Privo is one of the best instant loan providers in 2024. Make your dream come true with the Privo credit line. Get a maximum Rs. 2 lakh credit limit through Privo. Android users take instant credit lines online. This lender gives you a click-touch loan application.
Eligibility Required
- Age requirement: 21 to 60 years
- Applicant minimum CIBIL 700+ required
- The borrower should be an Android user
- Salaried customers must be Rs. 18,00 in-hand income
DMI Finance
The fastest and most instant cash needs solution is DMI Finance. Customers take loans from this lender without income documents. Google Pay, MoneyView is the official channel partner of DMI Finance. The borrower may apply for a loan without providing a hard copy. Explore loan opportunities with offers extending up to Rs. 15 lakh, featuring interest rates spanning from 12% to 40%.
Eligibility Required
- Borrower Age: 21 to 58 years
- CIBIL Score: 730+
- Credit history must be good
Also Read: Instant Pre-approved Personal Loan
Zype Loan
Use Zype to pay bills, manage money, and pay later features. Also, individuals may obtain for Zype Loan at 18% to 36% ROI (Rate of Interest). College students also take benefits and get up to Rs. 5 lakh loans from their Android devices.
Eligibility Required
- The borrower should be the Indian Region
- Required credit score: 720+
- Applicant should be a consistent income source
Prefr
Prefr showed good results last year in the era of instant loans. The applicants can be eligible for a Rs. 5 lakh loan with zero verification. Fastest way loan approval time that is taking 24 to 48 hr. KYC documents and 3 months’ bank statements are the only needed documents.
Eligibility Required
- Age Eligibility: 22 to 55 years
- Your CIBIL track record must be sweet
- Average maintain bank balance Rs. 10,000 or above
Navi
Navi is one of the long racers in the instant loan era. Also, this is the best instant loan company in 2024. Applicant takes Rs. 15,000 to Rs. 20 lakh just the help of Navi Finance. The eligibility will be checked online without visiting the branch. The 730+ credit score owner takes instant loans from Navi just the help of KYC documents.
Eligibility Required
- Age must cover 21 years or more
- The minimum credit score is 730+
- Bank statements must be good
Also Read: Get an Instant Loan up to Rs. 10 lakh
Benefits and Features of Instant Loan
Individuals and students take instant loans with a couple of benefits. These included features follow the below:
Quick and Easy Steps: Take small steps for an instant loan. This is a quick and lightning-fast loan experience with the best approval rate.
Fewer Documents Need: We all know instant loan requires fewer documents. Flexible and convenient documents provide instant funds.
Online Solution: Instant loan is a seamless online solution process. The borrower fills up all details online and the verification process is also done digitally. The process will be completed through your Android device.
Flexible Tenure: Whenever taking an instant loan, it is flexible and reliable. The lender gives the repayment loan facility from 3 to 36 months.
Fletch Effective Interest: The transparent and automated application journey provides an effective interest rate. Fletch loan interest after calculating your credit history. This feature is really helpful for borrowers.
Frequently Asked Questions
What is the age requirement for an instant loan?
The minimum completion of 21 years of age is preferable whenever applying for an instant loan. But it will vary on lender eligibility.
How much tenure is given by the instant loan provider?
The instant loan provider offers a repayment tenure of 3 to 36 months. Easy & flexible tenure is helpful for borrowers.
Is the instant loan process digital?
The instant loan process is 100% digital and electronic method. All application journeys will be completed from your smartphone.
Is Prefr loan providing an instant loan?
Prefr provides instant loans with Hero Fincorp which is much more popular in the market. A decent credit score and good banking will be the best solution for prefr instant loan. But, check your location pin code before applying.