Since smartphones became common, the use of apps for various reasons has increased. Whether it is online shopping, banking, paying bills, or gaming, it is one source that we all seek to download multiple apps on Android phones. It is none other than Google Play Store, the huge repository of applications promoting various businesses online.
One of the frequently downloaded apps is instant personal loan apps these days. Small cash loans are easily available with cash loan apps on Google Play Store. There are hundreds of instant loan apps to choose from. Depending upon the purpose of the loan, download a credible cash loan app offering a good loan amount, affordable interest rate, and easy repayment terms. Test your eligibility criteria on the personal loan eligibility tool before making a loan application for the first time.
Here are some of the best cash loan apps on the Google Play Store that you can consider for instant personal loans:
1. SimplyCash: Launched by a trusted financial firm Hero FinCorp, SimplyCash is one of the latest instant personal loan apps in India that offers a paperless, and hassle-free way of getting emergency loans. The SimplyCash advantage lies in its low rate of interest that starts with 2.08% per month and is affordable to pay as monthly instalments. The in-built EMI calculator equates the EMI to be paid every month and makes the repayment of loans easy.

2. Fullerton: It is a speedy personal loan app for salaried and self-employed individuals. Once all the initial verification is completed, the loan amount is disbursed within 30 minutes*. It is a dynamic app that allows borrowers to track their loan status in real-time. *T&C apply.

3. KreditBee: This personal loan app is highly secured with 128-bit SSL encryption for safeguarding the personal data of the applicants. A loan for a tenure of 62 days to 15 months can be approved with the KreditBee loan app.

4. Early Salary: As the name suggests, Early Salary is applicable for salaried individuals having a minimum salary of Rs.18,000 (Metro cities) & Rs.15,000 (Non-metro cities) can avail of a maximum loan of up to 5 lakhs instantly.

5. Cash Bean is open for borrowers between the age group of 18 and 56 years of age, employed or self-employed, with a stable monthly income. The loan amount ranges from Rs.1,500 to Rs.60,000 at an interest rate of up to 26% per annum. All the transactions are secured via 256-bit SSL encryption.
Cash loans taken from the above apps can be used for varied purposes such as education, travel, home renovation, debt consolidation, vehicle purchase, or arranging immediate cash for a medical emergency.

Mandatory Documents for Cash Loan Apps
Submission of mandatory documents for an instant cash loan:
• Aadhar card is the first document when applying for an instant loan.
• In the absence of an Aadhar card, you can provide your Pan Card/ smart card driving license.
• Other important documents include your professional and financial details inclusive of salary slips and income statements.
• Your account should be in any of the accepted banks as suggested by the financial institution.