A personal loan is similar to emergency finance that the borrower can use when he is short of cash. Such loans have no end-use restrictions, so the money can be spent on anything including weddings, vacations and medical expenses. 

 

There is no need to deposit any kind of capital in the form of mortgage or security for availing a personal loan and this can be done by submitting very few documents. However, like other types of loans, it has to be repaid in monthly instalment.

 

World’s Top 5 Best Personal Loan Application 

 

Going to a regular bank when you need a quick cash loan can be time-consuming as it requires a lot of documentation. A credit card is another option, but the interest rates are very expensive.

 

  1. Paypal
  2. PayU
  3. Google Pay
  4. Paysense
  5. Brigit

 

Paypal Personal Loan

 

PayPal loan providers run their business through mobile apps. The process of taking such loans through them is very easy. Under this, by downloading the app, registering yourself, filling a form. 

 

Personal, professional and bank details have to be entered in the form. After this, the necessary documents have to be uploaded, the loan agreement has to be authenticated through OTP. They also offer a variety of low EMI plans that make loan payments simple and hassle-free.

 

  • Interest Rate Per Month – 1.08% to 2.3%
  • Maximum Loan Amount – $25,000
  • Minimum Loan Amount – $100

 

Required Documentation for Paypal Loan:

 

  • ID Proof
  • Photograph
  • Income Proof
  • Bank Statement
  • Address Proof
 

PayU Personal Loan

PayU is a mobile application available on the Google Play Store, and it allows you to receive money easily. Its loans are for salaried workers and professionals and range between 0% and 30% per annum with interest rates of $100 to $500 per year.

 

 

PayU Personal Loan App is an application that provides you a fast service where personal loans are approved and disbursed in 10 minutes. All you need to do is choose the tenure amount, and you will receive your cash in your bank account.

 

  1. Interest Rate Per Month – 2%
  2. Maximum Loan Amount – $1,00,000
  3. Minimum Loan Amount –  $5,000

 

Required Documentation for PayU Loan:

 

  • ID Proof
  • Photograph
  • Income Proof
  • Bank Statement
  • Address Proof

Google Pay Personal Loan

At present, Google Pay is one of the most popular mobile apps through which you can get the benefit of many types of facilities like money transfer, electricity bill payment, fastag payment, insurance payment, loan repayment, etc in a single application.

 

Google Pay has partnerships with many finance companies, therefore, Google Pay does not give loans by itself, but gives the facility of giving loans in collaboration with its partner companies.

 

  1. Interest Rate Per Month – 3.5%
  2. Maximum Loan Amount – $1,00,000
  3. Minimum Loan Amount –  $5,000

 

Required Documentation for Gpay Loan:

  • ID Proof
  • Photograph
  • Income Proof
  • Bank Statement
  • Address Proof

Paysense Personal Loan

PaySense is a personal loan app designed to provide instant loans. The very first thing that comes to us when we hear the name of the loan – the complicated process of approval of the bank and documents for taking the loan. 

PaySense frees customers from both these concerns. Secondly, it provides you a personal loan in a very short time after some easy process of approval of documents.

  1. Interest Rate Per Month – 1.5%
  2. Maximum Loan Amount – $25,000
  3. Minimum Loan Amount –  $2,000

Required Documentation for Paysense Loan:

 

  • ID Proof
  • Photograph
  • Income Proof
  • Bank Statement
  • Address Proof

 

Brigit Instant Personal Loan

 

Brigit is now offering a loan facility of up to $5000 to its customers. Let us tell you that there will not be much hassle for this nor will it take any more documents. Brigit is providing loans up to $5000 to its customers in easy terms.

 

Brigit Personal loan process is completely online. Customers will not need to go out of the house to get the loan. You can apply for a loan from your mobile sitting at home. The entire process of getting the loan is just 2 minutes. The money will be credited to the account within a few minutes of the process.

 

  • Interest Rate Per Month – 1.5%
  • Maximum Loan Amount – $25,000
  • Minimum Loan Amount –  $2,000

 

Required Documentation for BrigIt Loan:

  • ID Proof
  • Photograph
  • Income Proof
  • Bank Statement
  • Address Proof

 

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