Try the Instant Small Loan Apps in India for Month-End Cash Crisis

Small Loan Apps India

If you’re a young working professional, you will undoubtedly understand what a money shortage toward the month’s end feels like. You know, when you only have a few hundred rupees with you and have to live on that for ten days until your next paycheck comes in? This is quite a normal scenario among youth  these days as they are inclined to extravagant spending in the initial ten days of the month. They have to wait another ten days before they realize they are running out of money, and before they know it, they are broke and have to sometimes go without a meal or two because they have almost no money in their account. Nobody wants to run out of money every month and things can get very bad if you have a sudden cash emergency and are unable to meet it because you’re broke.

Read: Borrow Money Online Without Paying High Interest on Loans

The Best Alternative to Instant Small Loan Apps in India 

How To Prevent Month End Cash Crisis?

Of course, there are various ways to prevent a cash crunch from occurring in the first place.

You only need to be careful with your spending and find a way to save money.

  • It’s a good idea to deduct a certain amount from your salary each pay period to cover unexpected costs or emergencies. You don’t have any idea when you might require some additional money for an unexpected crisis, so having some additional cash to help you out without hitting your financial plan generally makes a difference.
  • You could also try to live within a daily or weekly budget. You would be able to keep track of all your expenses and cut back on spending that isn’t necessary. You would even be aware of where your money is going and how much you are spending on things like utilities, transportation, and food.
  • If you still can’t seem to curb spending, you could try starting a recurring deposit. It is just like creating an emergency fund, only a more robust plan. Depending on your convenience, you can select a short or long tenure and the monthly amount to save. Even if you want to withdraw money early, you can’t until a certain amount of time has passed, like six months. Even then, you lose anywhere from one to two percent in interest. As a result, people are more motivated to save money.
  • You can save small amounts of money month on month with the help of Money Club. Money Club is a The Money Club is a safe and secure mobile app based on the concept of Committee and the users can save, invest or borrow sitting at home without the hassle of documentation. It is the first ever social network dedicated to helping members earn money, save money and support one another financially. Here a group of verified members come together and contribute a fixed amount every month for a particular tenure. When you need money, you just have to bid, and the money is in your bank account in six to eight hours that too at low interest rate. It is the best platform for middle-class families who cannot obtain loans in an emergency and must rely on high-interest money lenders. To know more about how it works you can see the video here.

Read: How To Get Out Of Debt Quickly? 6 Super Easy Ways

I Need Urgent Loan? How to get funds at low interest rates?

If you follow the aforementioned advice, you won’t have to deal with a cash crunch every month. However, these suggestions work only at the beginning of the month, when you still have the majority of your monthly salary. When it is already the month’s end and you are short on cash, what do you do? It’s embarrassing to borrow from friends or coworkers because they probably are in the same situation as you. Approaching a bank is your only option if you have a sudden expense to cover and cannot borrow from anyone. However, even that has numerous drawbacks. The traditional lending method that banks use involves a lot of unnecessary paperwork and waiting. Also, a customer’s credit score is the standard on which they lend. Therefore, if you have no credit score (if this is your first loan) or a low credit score, you’ll be in trouble. You should not be troubled even in that case. There are many instant small loan apps in India that lets you get an instant loan from the comfort of your own home in just 15 minutes with minimal paperwork.

Read: The Easy and Best Borrow Money App: Money Club

Online Committee System: Simple Way to Raising Debt

What Is Beesi Money Collection and Beesi Investment?

Save For Emergencies With Money Club Digital Committee Platform

22 Best Instant Small Loan Apps In India

App        Interest Rate (per Month)            Min & Max Loan Amount             Tenure                 App Rating         

Dhani                    Starting at 13.99% P.A   Rs 1,000 – Rs 15 Lakh                      3 – 24 months                    3.6         

India Lends         10.75% – 25% (APR)        Rs 15,000 – Rs 50 lakh                    12 – 60 months                  3.8         

Nira                        1.67% – 2.25%                    Rs 10,000 – Rs 1 Lakh                     3 – 12 months                    4.4         

Money Tap         1.08%                                    Rs 3,000 – Rs 5 Lakh                        2 – 36 months                    4.1         

CasHE                    2.50% Per Month             Rs 1000 – Rs 4 lakh                          Max 18 months                 4.3         

Money View      1.33%                                    Rs 5,000 – Rs 5 Lakh                        3 – 60 Months                    4.7         

KreditBee            24% – 29.95% (P.A.)        Max Rs 3 Lakh                                    Max 24 Months                4.5         

Fibe                       24% – 30% (P.A.)               Up to Rs 5 Lakh                                 6 – 36 Months                    4.5         

Smart Coin          20% – 36% (P.A.)               Rs 1,000 – Rs 70,000                        91 – 270 Days                     4.5         

Flex Salary           Maximum 36% (APR)     Up to Rs. 2 Lakh                                Up to 3 Years                     4.6         

Home Credit       24% – 49.5%                        Up to Rs 5 Lakh                                 12 – 48 Months                 4.4         

Lazy Pay               18% – 25% (P.A.)               Up to Rs 5 Lakh                                 3 – 24 Months                    4.4         

mPokett              1% – 6%                                Rs 1000 – Rs 30,000                         Max 4 months                   4.4         

Bajaj Finserv       10.49% p.a. onwards      Up to Rs 50 Lakh                               1 year to 5 Years               4.5         

Loan Tap              11% – 24%                           Rs 50,000 – Rs 10 lakh                    6 – 60 Months                    4.0         

Pay Sense           1.4 – 2.3%                           Rs 5,000 – Rs 5 Lakh                        90 – 540 Days                     4.3         

Rupee Redee     0.20% per day                    Rs 2,000 – Rs 25,000                        7 Days to 3 Months         3.9         

Upwards              Starting at 9%                    Up to Rs 2 Lakh                                 Up to 60 Months              4.2         

Stashfin                11.99% – 59.99% APR     Rs 1000 – Rs 5 lakh                           3 – 36 Months                    3.8         

Navi                       9.9% p.a. onwards           Up to Rs 20 lakh                                Up to 72 Months              4.3         

Credy                    1% – 1.5%                             Up to Rs 1 Lakh                                 3 – 12 Months                    3.8

Fullerton India   11.99% – 36%                     Up to Rs 25 Lakh                               12 – 60 Months                 4.1          Read: 10 Best Money Lending Apps For Financial Emergencies

Top 5 Apps to save Money in India with Ease

Get Instant Personal Loan for Self Employed Easily. Know How!

600+ Fake Loan App List: Illegal Loan App List


Get Funds In Times Of Crisis

The Smartest Saving

and Borrowing Tool