FinTech has changed the cumbersome process of loan application through digital lending. FinTech startups have fundamentally changed our economy and fundamentally changed the way we pay. The payment system has changed the way we all do business.

In this whole financial situation, personal loan apps have proven to be an excellent idea for providing safe and hassle free instant cash advance in India within minutes. Nowadays we all have mobile banking on our phones, which we can use to do all of our banking from the comfort of home or anywhere.

Here is a list of the top fintech players in India:

GalaxyCard: Founded in 2018, the company has gained a huge customer base from more than 600 cities across the country. The digital credit card is immediately available within 3 minutes and benefits customers with no annual, membership or interest fees. GalaxyCard is focused on making credit cards easily accessible for customers with incomes less than 30,000 a month. Customers can simply download the app and register online for processing free of charge. The entire application process is digital and requires three basic pieces of information – PANCard, Aadhar Card and bank statements. In contrast to the traditional lending process, there is no need for time-consuming paperwork and long processing times.

Rupee speech: RupeeRedee is a new digital lending platform that leverages cutting-edge technology and data science to make lending safe, fast and hassle-free for India’s massive population of underserved customers. A subsidiary of Digital Finance International with over 20 international fintech brands in several countries, which is a member of the Finstar Financial Group, an international company. RupeeRedee works with several NBFCs in the background to enable instant personal loans. RupeeRedee began operations in 2018 with the aim of positioning itself as a “Lender for All” by offering credit products to different customer segments according to the risk profile. RupeeRedee also has its own NBFC, FincFriends Private Limited, which is one of the first 100% digital NBFCs to be registered with the RBI.

Type credit: LoanTap Financial Technologies is an online platform that aims to offer millennials tailored loan products. The Pune-based company was founded in 2016 with the aim of delivering a seamless consumer experience from application to withdrawal process. The platform is said to have committed to offering employees flexible loan products. LoanTap offers credit to help millennials live the life they want. The company aims to deliver fast personal loans on customer-friendly terms. LoanTap is focused on delighting its customers by helping them choose the best loan products.

CASH: We are a fintech company providing fast, flexible and unsecured personal loans to young salaried millennials across India via a mobile application. CASHe was founded in 2016 by V. Raman Kumar, whose goal was to bring millions of young white-collar millennials who were denied credit from traditional banks and financial institutions into the formal credit system. CASHe, based in Mumbai, is a digital loan platform for young salaried millennials. CASHe offers young professionals instant short term personal loans ranging from INR 7,000 to INR 300,000 for a term of up to 1 year based on their social profile, earnings and earning potential.