Instant loan apps in Bangladesh are loans that do not require a lot of documentation and can be granted quickly without any asset presentation. In comparison to regular bank loans, the process is simple and convenient. In Bangladesh, instant lending apps are also known as personal loans or quick loans. You can apply for a personal loan online without having to visit a bank or fill out lengthy documents just as you can do in other countries. It saves both the lenders’ and the borrowers’ time.
These short-term loans typically have terms ranging from 62 days to 1.5 years. The loan amount might range between Rs100 and Rs5,000. When compared to bank loans, the process is speedier. Online instant loans might be accepted on the same day as the application. You can apply for such loans while sitting down.
Almost anyone can apply for a personal loan without a guarantor or with a bad credit history. You must be a Bangladesh resident and a salaried employee of a registered company. To apply for a personal loan, you must be between the ages of 23 and 58.
List of Top 20Best Instant Loan Apps In Bangladesh
Find below our top 20 best loan apps for cash advances in Bangladesh that can help you until payday.
- KK loan
- Solo funds
- Title max
- Super cash
- Cash now
- Fast loan
- Possible Finance
- 10 minutes loan
- Dhaka credit
- Mr loan
- Early salary
- Bat loan
- Flex salary
- Lazy pay
- Money view
1. KK Loan
KK Loans is a simple online ePlatform that brings to you financial freedom to your mobile phone. Instant Mobile Money, all you have to do is to fill out their quick loan application with the exact loan amount that you need, Receive your cash instantly after the approval to your M-Pesa or other mobile wallet. When you register with KK Loans, you get assigned a loan limit after your account is appraised which allows one to borrow instantly any amount. And its our first pick for instant loan apps Bangladesh
Loans range from 250 – 100,000 over a 12 – 48 week term. Interest ranges from 7.5% – 30% with an equivalent monthly interest of 2% – 15% and APR of 20% – 30%
2. Solo Funds
Trusted by hundreds of thousands of users, SoLo lets you borrow money on your own terms or lend and reap the benefits in the form of a return or social impact. It’s never been easier. Its our 2nd pick for instant loan apps Bangladesh.
Join the SoLo community and leave other options in the past! Selected as one of Fast Company’s World Changing ideas in 2021, they continue to build a community that enables financial autonomy for all. You can borrow Up to Rs500 On Your Own Terms
TitleMax is one of the nation’s largest title lending companies. Every day, TitleMax helps thousands of people get the cash they need with a title loan or title pawn. Our third pick for instant loan apps in Bangladesh.
They offer rates that are very competitive, while providing a superior level of customer service. TitleMax has expanded to over 1,000 locations spanning 16 states. With approximately 4000 employees nationwide, they pride ourselves on providing customers with clarity and confidence. You’ll rest easy knowing TitleMax is here to help.
4. Super Cash
Super Cash is professional small loan provider in Bangladesh, Nigeria and 8 countries. They provide online fast small loan service to end users.
- Instant online loans up to 200,000 amount
- Interest Ratio: Annual interest rate: 2.9% – 26%
- Loan Term(Tenure) from 91 days to 365 day
For example, if the loan amount is 5,000, and the annual interest ratio is 24%, and the loan term is 91 days, the interest payable is as follows: 5,000 * 24% / 365 * 91 = 299, and the total repayment amount is: 5,000+299=5,299
It might only take a few minutes to apply and receive approval. The cash advance application process is quick and simple – upload Emirates ID and follow instructions to complete the procedure. Once the application is approved, money can be instantly transferred to the bank account.
Even if people don’t have a bank account or a credit card, CashNow makes instant loans possible for everyone. Powered by AI technology and cloud computing, CashNow conducts sophisticated credit check and risk management while provides people a simple money lending user journey
6. Fast Loan
Fast Loan Plus – They provide the easy and convenient online loan service to customers who want to get loan anytime anywhere. Their loan service is with zero collateral and low interest rates.
1. High Loans Amount: ₹ 5,000 to ₹ 100,000
2. Long Loan Tenure: 91 Days ~ 24 Months
3. Loan Interest: Flexible loan interest option, Maximum APR 24%.
4. 24×7 loan service with intelligent online automatically process
7. Possible Finance
Possible finance allows you access fast and affordable money, build credit, and fight costly overdraft fees. Borrow up to $500 in minutes even with bad or no credit. Repay in installments to rebuild credit and improve financial health. Prevent overdrafts and recover your hard-earned cash. Join over a million users who are avoiding money from predatory lenders and using Possible to make financial fairness a reality.
8. 10 Minutes Loan
Are you looking for payday loans to get cash instantly on your account? Do you also want this money lending app to be 100% online and to have a fast approval process?
10 Minute Loans allows you to do all that, its your new favorite money advance and small loans app where you can borrow money instantly! No more frustrating visits to the bank or delays, now you can get payday loans quickly and securely from your phone.
9. Dhaka Credit
Dhaka credit belongs to The Christian Co-operative credit union ltd. Members of this credit union will get information and notification of different events through this app. After the registration process, they can also get their account details, loan details, balance transfer, and cash withdrawal through ATM using Dynamic QR Code from the app.
All users can view general information about Dhaka Credit’s products and its services but only registered members will be able to use Mobile Financial Service (MFS).
Ipay is first online payment platform with an E-wallet in Bangladesh which provides real cashless Fin-Tech experience. It gives you the freedom to open e-wallet using mobile number or email account. You can add money with your bank accounts or by using Debit or Credit cards. Its our 10th pick for instant loan apps in Bangladesh.
It allows you borrow loans up to Rs1,000. This e-wallet balance can be used to purchase goods & services from both physical and online shops. You can also send money or transfer balance to each other and recharge mobile.
11. Mr Loan
Mr.Loan offer Instant Loan in 5 min. Loan amount from 750 to 50,000
Repayment periods from 61 days to 180 days
APR from 12% to 18% per annum
Processing fees range from 3% to 12% (GST 18% applies). You may be charged up to 0.2% daily late fees for late payments (capped to 18% of principal amount overdue). No other hidden fees applicable to your loans!
EarlySalary is the most innovative Personal Loan App for Salaried Professionals. Loans range from Rs1,000 to Rs500,000
Tenure: 90 days to 24 months. Interest rates range from 0%-30% per annum depending on the product availed.
If the loan amount is Rs10,000 & interest is 20% per annum with tenure of 60 days; after deducting any other fees. Interest = Rs10,000 x 20%/365 x 60 = Rs328 and Total Amount payable would be Rs10,328.
Borrow better through Avant, an online lending platform that provides access to credit through a fast, simple experience. Managing a loan through Avant or an Avant credit card can be done entirely online. Apply for a loan or card in minutes on our website
The Avant app makes it easy to manage your loan, see your upcoming payments and view your payment history. Receive push notifications about your account. Manage your payments, including adjusting dates and paying down your loan
Upgrade allows you check your balance, available credit and track your rewards. New customers open an account at Upgrade.com. This loan app offers fast loan as well
• No-Fee Rewards Checking – Check your balance and transfer funds. We charge no ATM fees, account fees, transfer fees.
• Track Your Debit Rewards – Track your rewards, earn 2% cash back on common everyday expenses and recurring payments, and 1% cash back on all other Upgrade Visa® debit card charges.
• Manage your Upgrade Card or Loan – Manage your payments and check your outstanding balance.
• Manage your credit score – Check your credit score, get notified of any change in your credit report, track potential ID theft, use our credit score simulator to see how different actions may impact your score using real data from your credit report.
15. Bat Loan
Unexpected expenses are difficult to plan for and when they happen, time becomes a valuable commodity. That’s why at Bat Loan, they provide you with a fast and easy online payday loans application. It only takes a matter of minutes to apply and you will have your cash advance fast!
PayMeIndia is an innovative FinTech app that offers instant payday loans, advance salary loans,short term cash loans to salaried employees at attractive interest rates.
These cash loans are designed to cater all your short-term financial needs that include a medical emergency, purchasing a big-ticket item, financing a wedding, and many more. The traditional and modern lending techniques are blended with technology to make the loan application process quick and simple.
17. Flex Salary
This company has planned its product to take on personal loans. Thus, its features are in sharp contrast to those of personal loans. One-time application, one-time approval, instant disbursals, the option to access the credit anytime, the option to decide the loan tenure, and a flexible repayment policy are a few hallmarks of Flexsalary.
The company has no fixed EMIs and provides instant approval, making it function as an advance salary loan app.
mPokket is an instant loan app in India for college students. It works on the concept of pocket money for students. Once your personal loan application is approved the personal loan amount is sent to your bank account or your Paytm wallet.
The initial amount approved is ₹ 500 and your borrowing limit will increase over time with good usage. You can repay your loan within 1 to 3 months.
LazyPay is powered by PayU. You just need to enter your mobile number to find out your personal loan eligibility. With quick approvals and safe online loan application processing, LazyPay disburses 1 million+ loans every month.
Its key offerings include pocket-friendly EMIs, an instant personal of up to ₹ 1 Lakh through an easy digital process with minimal documentation.
20. Money View
With Money View personal loan app, you can get a personal loan in just 2 hours. Whether you want to remodel your home, buy an expensive ride or cover your wedding expenses, a personal loan from Money View is completely paperless, fast, easy and flexible. Its our last pick for Instant loan apps in Bangladesh.
Money View loan amount ranges from ₹ 10,000 to ₹ 5 Lakh. The repayment period is flexible and ranges from 3 months to 5 years.
Frequently Asked Questions (FAQs) About Instant Loan Apps In Bangladesh
What Is The Requirements For Instant Loan?
- Age: You must be at least 21 years old at the time of your instant cash loan application.
- Income: You must be a salaried professional and drawing monthly salary of:
- Citizenship: You must be a resident of India.
- KYC: You must have all the KYC documents required.
Is Instant Loan App Safe?
Legal instant loan apps work in association with authorized NBFCs or financial institutions. Such apps can be considered safe for online loan applications. PaySense is a credible instant loan app safe to avail of loans. PaySense offers instant loans from ₹50,000 to ₹1,50,000.
Which App Gives Immediate Loan?
PaySense, one of the best instant personal loan apps in India, has both an app and a website where salaried professionals and self-employed individuals can apply for instant loans. The minimum salary to get a personal loan is ₹18,000 per month.
What Do You Mean By Instant Loan?
Instant loans are those types of loans which don’t require too much of the documentation and are approved really quick without any asset showcase. The process is minimal and convenient compared to the traditional bank loans. Instant loans are also termed as personal loan OR quick loan.
What Are Instant Cash Loan?
An instant cash loan is an unsecured mini loan where a borrower can avail small cash loans from 10,000 up to 2 lakhs. This loan is useful to meet emergency expenses such as a sudden medical condition, unplanned travel, home repair, etc.
What Is The Easiest Loan To Get Approved For?
The easiest loans to get approved for would probably be payday loans, car title loans, pawnshop loans, and personal installment loans. These are all short-term cash solutions for bad credit borrowers in need. Many of these options are designed to help borrowers who need fast cash in times of need.