Looking for a quick business or personal loan in India? Online lending is a new technological solution that allows people to borrow money online without a collateral. The online lending system has added much ease to the practice of borrowing and loaning money. Now, with just a click of the mouse, you could borrow money online over a short-term and pay the loan off early at any time.
This new technology eliminates the tedious process of going to banks in person or waiting for approvals, and all that too within a matter of a few hours. With the rise of many players in India’s #FINTECH industry, there are few online lending platforms that provide you with quick personal and business loans for your use.
If you’re looking for quick loans on favourable terms, you should check out these online lending platforms.
i2iFunding is a Peer-to-peer (P2P) marketplace providing end to end loan servicing for all Indians. The platform connects investors with individuals in need of quick loans with a low-interest rate. Awarded the best startup of the year 2016 by Silicon India, i2iFunding has a very good reputation for what it does.
Lendbox is India’s premier peer-to-peer online lending platform in India. The platform aims to revolutionize the personal loans market in India by creating a one-stop shop for all borrowers and investors in India. Unlike banks and financial institutions, Lendbox cuts down the interest rates for borrowers and increases investor’s yields by eliminating mediators like commercial banks, depository institutions etc.
Faircent provides a virtual marketplace where borrowers and lenders can interact directly, without having to go through the traditional financial intermediaries like banks. Faircent help eliminates the high margins which banks and financial institutions make on your transactions. Whether you are a borrower or a lender, you get one of the best rates at Faircent.
Peer to peer lending platform offering seamless loans with a hassle-free, quick and easy process. OML-P2P platform offers unsecured loans that help businesses and individuals manage diverse financial needs. The platform uses a proprietary algorithm for credit scoring and risk assessment.
Founded on the simple observation that crowdfunding is the most effective way to meet the demand of hand loans in India. The entire process is online, using technology to lower the cost of credit and pass the savings back to members in the form of lower rates for borrowers and solid returns for lenders. Are you looking for personal loans with low-interest rates or seeking better returns on your investments? Peerland is the place to be.
Get instant personal loans up to Rs 5,00,000. LenDenClub is one of the fastest growing peer to peer (P2P) lending platforms in India. It connects investors or lenders looking for high returns with creditworthy borrowers looking for short-term personal loans.
IndiaMoneyMart (IMM) is an online Peer to Peer (P2P) lending marketplace that brings together borrowers and lenders to enable transactions between them on mutually agreed terms. The tech-enabled lending platform provides investors an opportunity to lend directly to various types of consumer, personal and small business loans.
For MSMEs, the traditional lending process is a stringent & demanding task. TAB Capital has created an automated & streamlined online lending process, where a customer can easily apply for a loan online and get the loan approved and disbursed in just two working days. TAB Capital currently operates in Pune, Mumbai, Hyderabad, Bangalore, Chennai, and Delhi.
As the name implies, QuickCredit is an online lending FinTech platform in India that provides borrowers instant, flexible, short-term cash loans without needing any hectic paperwork and security. QuickCredit plans to help people solve their financial needs by offering small, short-term money instantly in a simple, quick and flexible way.
FlexiLoans is an online lending platform started with an endeavour to solve the problem that SMEs face in accessing quick, flexible and adequate funds for growing their Businesses. The platform aims to meet the financial requirement of all SMEs in India.