9 Best iPhone Loan App

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Download the Best iPhone Loan App on the Apple Store by clicking this Button

If you are looking for the Best iPhone Loan App to download for free, look no further.

Our expert panel of reviewers has tested dozens of apps and we have compiled a list of the 9 Best iPhone Loan App that passed our tests.

Check out our list of the 9 Best iPhone Loan App, tried and tested by our expert reviewers.

9 Best iPhone Loan App

1. Aella App

Download the App on the Apple Store by clicking this Button
“Aella takes the hassle out of Finance – whether you are a business or an individual, we put control back in your hands with simple, straightforward products. Our “true north” is designed to help customers build financial independence by building simple products; loans, investments, bill payments, micro-insurance plans, and peer-to-peer money transfers.
Why Aella?
We exist to simplify and open up financial access for all in emerging markets – by leveraging technology and widespread mobile adoption, we build products to make an impact at the frontier of Financial Inclusion.”

2. Buddy Loan:Personal Loan

Download the App on the Apple Store by clicking this Button
“Buddy Loan is not just an instant personal loan app but a one-stop solution that helps you in searching and applying for your dream job, exploring a plethora of deals and offers from brands of all sectors, and earning and redeeming points for exciting products – in addition letting you apply for an online personal loan in the most seamless manner.

It’s safe, instant and reliable!

Buddy Loan brings to you a wide pool of personal loan providers. With this, you can be rest assured to be granted a personal loan instantly, when you are in need to meet your personal financing goals.

Buddy Loan Advantages
Personal loan amount can range from Rs. 10,000 to Rs. 15 lakhs
Interest rate starts at 11.99% p.a.
Minimum and maximum tenure can be from 6 months to 5 years

With a no-questions asked policy, you are free to use the funds to meet any of your financial requirements.

Representative Example:
For ₹1,00,000 borrowed for 1 year, with interest rate @13% per annum*, a user would pay:

Processing fee (@ 2%) = ₹2,000 + GST = ₹2,360
(Line setup fee of ₹499+GST = ₹588/- to be paid before starting the credit line)
Interest = ₹7,181
EMI = ₹8,932
Total amount to be repaid after a year = ₹1,10,129/-
*Interest Rate varies based on your risk profile
The maximum Annual Interest Rate (APR) can go up to 36%
(However, only a fraction of our customers get an interest rate higher than 30% pa)”

3. Carbon: fast loans and banking

Download the App on the Apple Store by clicking this Button
“Access a variety of banking services, from high-interest savings to instant short-term loans for your urgent needs. Open a Carbon bank account in minutes and start living a better financial lifestyle.

SPECIAL FEATURES
* Get loans ranging from ₦1,500 to ₦1m(Nigeria) and Ksh 500 to Ksh 30,000 (Kenya)
* Make repayments over a maximum of 64 weeks.
* Interest ranges from 1.75% – 30%, with an equivalent monthly interest rate of 1 – 21%.
* Annual Percentage Rate (APR) from 23% – 60.8%. No late fees or processing costs.
Example: For a 3-month loan of ₦50,000, Carbon charges 2% a month. With an APR of 24.3%, the total repayment amount after 90 days is ₦53,000.
Annual Percentage Rate (APR) from 23% – 60.8%. No late fees or processing costs.
Example: For a 3-month loan of ₦50,000, Carbon charges 2% a month. With an APR of 24.3%, the total repayment amount after 90 days is ₦53,000.
* Flexible tenors from 1 month to 6 months with the ability to make early repayments at any point in the tenor.

SEND MONEY FOR FREE
Transfer funds to any bank at no extra cost, 30 times a month. It’s the highest around and our customers save N1,500 on transfer charges every month.

SAVE WITH HIGH INTEREST
Don’t just keep your money in the bank. Create a savings plan and start earning up to 15% interest on your funds when it’s time to withdraw.

SHOP NOW, PAY OVER TIME
Buy items you love and need the most and pay in small, equal installments, at 0% interest.

RECEIVE CASHBACK ON LOANS
Apply for up to N1 million and receive funds in your account within minutes. You also get up to 30% cashback on your interest when you pay in time.

GET A CARD YOU CONTROL
The Carbon Visa card is your passport to freedom and security. Spend as you please on both online and offline channels. Freeze your account from anywhere if you notice irregular behavior. Set spending limits across channels.

SAY GOODBYE TO QUEUES
Request a Visa card with just the tap of a button on your Carbon app and it would be delivered to your doorstep anywhere in the country.

INSTANT REVERSALS
No panicking with a Carbon bank account. Receive instant reversals whenever transactions don’t complete.

GET IN TOUCH!
Carbon (formerly Paylater) is provided by One Finance & Investments Limited, a CBN-licensed and regulated finance company. While we offer a service that is 100% automated, you can always reach us and learn more about our service via multiple support channels. We’d love to hear from you!”

4. CASHe Personal Loan App

Download the App on the Apple Store by clicking this Button
“CASHe is the go-to personal loan app for salaried professionals. Avail instant short-term personal loans starting from Rs 1,000 to Rs 3,00,000 and get the money transferred to your bank account within minutes.

CASHe offers a smart, intuitive and hassle-free experience eliminating human intervention. Apply for a loan today and enjoy a better borrowing experience.

CASHe adheres to RBI’s Fair Practice Code and is committed to promote best practices in digital lending.

What’s New?

CASHe Credit Line
One approval, multiple loans. With minimal documentation and instant approval, apply for a credit line with a 1-year tenure to avail short-term loans for emergency & shopping needs.

Buy Now Pay Later with CASHe
Log on to CASHe and get 0%* interest online shopping loan on this pay later app with leading merchants like Amazon, Flipkart, Big Bazaar, Big Basket, Apollo Pharmacy, Uber and Myntra to make your purchases now and pay later with easy EMIs.

Personal Loan Eligibility:
● Personal loan for salaried professionals only
● Minimum net take-home monthly salary: ₹12000
● Above 21 years of age
● Salary through direct bank transfer only

Features of CASHe – Personal Loan App:
● Avail a range of personal loans
● Personal loan eligibility check
● Personal loans available from ₹1,000 – ₹3,00,000
● Quick loan application via online loan app
● Repayment period to be more than 3 months
● No guarantors or collaterals needed
● 100% paperless loan application
● No foreclosure charges
● Get instant credit line
● Enjoy online shopping at no cost EMI*
● Loan instantly credited to bank account
● Loan repayment through various payment methods.

Avail the money you need, when you need it, for whatever purpose with CASHe. It is simple, transparent, and the best online personal loan app in India.

Get up to ₹3,00,000 personal loan online or avail credit line using the CASHe app. Know your personal loan eligibility in minutes and apply for a personal loan easily.

Over 15 million users have downloaded the CASHe personal loan app. Download the app today and experience a new way of borrowing!

How to apply for personal loan online on CASHe?
● Install the CASHe app
● Log in to CASHe personal loan app by registering through your social media account
● Fill in your basic details to know your personal loan eligibility
● Submit KYC documents and apply for a quick personal loan
● Once application is approved, we transfer the loan directly to your bank account

Documents required to apply for a loan:
● Selfie
● PAN card
● ID Proof (Any 1 – Driving License/Voter ID/Passport/Aadhaar Card)
● Address proof (Any 1 – Driving License/Voter ID/Passport/Aadhaar Card/Utility Bills)
● 3 month bank statements with salary credit
● Aadhaar card (Optional; Aadhaar details quicken loan application process)

Interest, tenures and other specifications
● Annual Percentage Rate (APR) – 30.42%
● Minimum Repayment Tenure: 3 months
● Maximum Repayment Tenure: 12 months
● CASHe 180, CASHe 270: CASHe 1 year – Processing fee, 2% or 1200 whichever is higher
● CASHe 90 – Processing fee: 1.5% or 500 whichever is higher

Sample Loan Calculation
Loan amount: ₹ 30,000 at interest rate of 30.42% p.a.
Loan Duration: 3 Months
Total personal loan interest = ₹ 2,250
Processing fees (PF) + GST = ₹ 500 + ₹ 90 = ₹ 590
Total Deductibles (PF + GST): ₹ 590
In-Hand Amount: Loan Amount – Total Deductibles = ₹ 30,000 – 590 = ₹ 29,410
Total repayable Amount(Loan Amount + Interest): ₹ 32,250
Monthly EMI Repayable(Loan Amount + Interest / No of EMI’s): ₹ 10,750
PF + GST are deducted upfront during the loan disbursal.

Data Security via Secure Loan Application
Your data is safe with us. All the transactions are secured via a 128-bit SSL encryption. Data is transferred over secured connections.

Contact Us:
For help or any other details about our personal loans, contact us at support@cashe.co.in”

5. Irorun – Fast loans with ease

Download the App on the Apple Store by clicking this Button
“Create a free Irorun account
• Sign up in seconds
• Apply for a loan from your smartphone
• Start saving while earning interest

The Irorun App allows you to:

• Get loans online with ease
• Save on your own terms
• Automate your savings plan
• Withdraw from your wallet to any bank account of your choice

24/7 Support
We are always ready and excited to help you achieve your financial goals! If you have any feedback, questions, or concerns, please reach out to us via mail at support@irorun.com”

6. MoneyTap – Credit Line & Loan

Download the App on the Apple Store by clicking this Button
“Best Personal Loan App in India – Get money up to ₹5,00,000 & pay interest on the exact amount you withdraw from your MoneyTap balance

Get a personal loan online with zero collateral. Interest rates starting from as low as 13% per annum* for 3 to 36 months. We offer you the benefits of an easy personal loan and credit card combined.

For salaried employees only! Minimum salary = ₹30,000 per month.

If you need money, view MoneyTap as your first choice for loans.

Fees
For ₹1,00,000 borrowed for 1 year, with interest rate @13% per annum*, a user would pay:
-> Processing fee (@ 2%) = ₹2,000 + GST = ₹2,360
-> (Line setup fee of ₹499+GST = ₹588/- to be paid before starting the credit line)
-> Interest = ₹7,181
-> EMI = ₹8,932
Total amount to be repaid after a year = ₹1,10,129/-
*Interest Rate varies based on your risk profile
The maximum Annual Interest Rate can go up to 36% (However, only a fraction of our customers get an interest rate higher than 30% per annum)

We are India’s first credit line based personal loan app in partnership with leading banks and NBFCs. We work ONLY with regulated financial institutions in India, governed by RBI & we have our own NBFC license as well. So we’re well regulated and legally compliant.

How is MoneyTap different from any other traditional personal loan app in India?

The best feature of MoneyTap Loan app is that you pay the interest only for the amount that you borrow.

Example: Ajay applies for a MoneyTap Loan (credit line) in January, gets an approved credit line of ₹5,00,000 but doesn’t borrow any money for the next 5 months.
In May, he withdrew ₹50,000 from his credit limit to pay for a house deposit. Now, the interest will only be charged on ₹50,000. Ajay still has access to ₹4,50,000 whenever he has another emergency without paying any interest on it until he withdraws any amount.

What features make MoneyTap convenient?
● 100% paperless process, no bank visits
● You can use any amount from your available credit line
● Make UPI transactions directly from your Credit Line

Documents required
● Aadhaar number
● Identity proof (Driving license/Voter id/Passport/Aadhaar/PAN)
● Address proof (Driving license/Voter id/Passport/Aadhaar/Utility bills/bank statements)
● Original passport photo/selfie
● You can get a personal loan online on Aadhaar card. E-sign your application with registered mobile OTP for fast-track application

How does MoneyTap work?

Get a personal loan in 4 simple steps:
● Apply on the app and get approved in 4 minutes, create your profile, fill basic information such as age, city, PAN, & income to check eligibility
● Instantly find out your pre-approved amount
● Complete KYC verification
● Transfer money to the bank account from the approved amount

Available in 50+ cities.

MoneyTap Personal Loan Application Uses
● Phone pe loan – use it as an urgent personal loan.
● Personal loans can be used for education, medical, marriage / wedding loan, home renovation loans, mobile / laptop loan, used car/ two-wheeler loan, travel loans, debt consolidation loan, etc.
● The experience of an early salary for emergency cash.

Bonus: MoneyTap RBL credit card
● 100% cash withdrawal from your credit card online
● 50-days interest-free period

Security & Protection of Privacy
Data security & privacy is a top priority at MoneyTap. Our backend APIs comply with mandated security standards & robust protocols which have been tested and certified by our partner bank’s IT team.

Download the MoneyTap loan app now.”

7. Possible: Fast Cash & Credit

Download the App on the Apple Store by clicking this Button
“Access fast and affordable money, build credit history, and fight bank fees. Borrow up to $500¹ in minutes even with bad or no credit. Repay in installments to build your credit history and improve financial health. Reduce overdrafts and recoup your hard-earned money. Join over a million users who are avoiding predatory lenders and using Possible to make financial fairness a reality!

INC.
“50 World-Changing Startups to Watch in 2019”

TECHCRUNCH
“Possible is helping people on the lower end of the credit spectrum improve their financial outlook without being predatory.”

**GET MONEY FAST**
Applying is easy and takes under a minute. Once approved, funds can be sent instantly to your debit account so that you can immediately access the money.

**BUILD CREDIT HISTORY**
We report repayments to TransUnion and Experian, allowing you to build your credit history and graduate to better financial tools. Shouldn’t you be rewarded for reliably paying on time?

**FIGHT BANK FEES**
Prevent costly overdraft fees and reclaim your hard-earned money. Banks drain your account when you can least afford it. We’ll help you get it back.

**MORE TIME TO REPAY**
Compared to other short-term borrowing options, you have much more time to repay² and each payment is in manageable chunks so you can catch your breath. Can’t make your next payment? Reschedule it directly in the app.

**GOOD CREDIT NOT REQUIRED**
We don’t check your FICO credit score so we can approve even those with bad or no credit score. Our app links directly with your existing bank account to help make an intelligent decision. No need for additional paperwork to verify income. This is great for contractors or gig economy workers!

**WHAT PEOPLE ARE SAYING**
“I have a hard time even finding words that accurately describe how pleased I am with the service provided by Possible Finance…It’s like borrowing money from a good friend that increases your credit score! Seriously the best experience I’ve ever had with a lender and being app/mobile-based just adds convenience to an already perfect transaction! I will not go anywhere else for installment loans from now on! 110% recommend it!” -Nellyville107, 8/25/18

**WHY WE CARE**
Life isn’t easy and the current financial system makes it harder for all of us. Banks have abandoned some communities altogether and predatory lenders trap people in vicious debt cycles. Wealth is in the hands of the few and access to financial opportunity is unequally distributed. We don’t think that’s fair. At Possible Finance, we fight for financial fairness and empower you to improve your financial health. Together, let’s build a fairer tomorrow.

**AVAILABILITY**
Possible Finance is currently available to Alabama, California, Delaware, Florida, Idaho, Indiana, Iowa, Kansas, Kentucky, Louisiana, Michigan, Mississippi, Missouri, Ohio, Oklahoma, Rhode Island, South Carolina, Tennessee, Texas, Utah, and Washington residents.

¹Max amounts vary by state and subject to lender approval
²Loan structure varies by state. For example, in California, a single payment loan can be converted into multiple payments.

Funding typically occurs within minutes of approval but can take up to five business days. In some states, Possible Finance installment loans are issued by Coastal Community Bank, member FDIC, subject to approved underwriting practices.

California Residents: Possible Financial Inc. dba Possible Finance is licensed by the Department of Financial Protection and Innovation, pursuant to the California Deferred Deposit Transaction Law, license #10DBO-105848. Ohio Residents: License ST.760161.000. 2231 1st Ave., Seattle, WA 98121″

8. QuickBucks

Download the App on the Apple Store by clicking this Button
“QuickBucks is the Instant Loan Application from Access Bank. The application is available to both customers and non-customers of Access Bank. With QuickBucks, you can get the following loans:

– PayDay Loan
– Salary Advance
– Small Ticket Personal Loan
– Device Financing
– Vehicle Finance
– Mortgage

To get started, simply follow the following steps:
1. Download the app.
2. Click on signup and enter your email address and BVN-linked phone number.
3. An OTP will be sent to your phone number which will be used to validate app.
4. Proceed to update your profile and update your details (Location, Bank Account number, monthly salary)
5. Continue the signup process by choosing your preferred password and 4-digit PIN (which will be used for authenticating all transactions)
6. Accept the T and Cs and proceed to submit and sign in with your newly created credential

Key Features:
– Flexibility to sign in with your email address or phone number and password.
– Fingerprint authentication for easier login
– A holistic view of all eligible loan facilities
– View active loans
– View nearby points of interest like supermarkets, bank branches and shop seamlessly without any collateral”

9. SoLo Funds: Lend & Borrow

Download the App on the Apple Store by clicking this Button
“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. Join the SoLo community and leave other options in the past! Selected as one of Fast Company’s World Changing ideas in 2021, we continue to build a community that enables financial autonomy for all.

SoLo is supported by leading innovators and press such as Forbes, Techstars, and Money 20/20, as well as Visa, Kiva, and thousands of banking partners. Download now to start enjoying flexible access to capital or a new way to make a quick return on your extra cash.

— Earn Money While Helping Others —

Lending on SoLo is a great way to make a social impact while also earning a return on your money. A leader in emergency access to capital, our requests for capital are short-term, so you’ll receive your capital back quicker than anywhere else. Use our data-driven SoLo Score or view another member’s transaction history to assess risk profile. We have the tools to help inform your lending decisions and create a balanced portfolio according to your risk and returns goals. After funding, SoLo takes care of the rest through automation and step-by-step updates.

“A model for lending that doesn’t screw over the consumer.” Techstars, Lesa Mitchell

— Borrow Up to $500 On Your Own Terms —

Borrowers on SoLo enjoy fast, easy, convenient funding with 100% voluntary terms as it relates to costs and fees. By using SoLo responsibly, you’ll be able to increase your SoLo Score and the total amount you are able to borrow. We provide a structured community for individual lenders and borrowers to meet, and have created smart features like automatic paybacks to make sure your money requests are never late.

“Finally, An App For Borrowers Living Paycheck to Paycheck” – Forbes

— Safe & Secure —

We take the safety of your personal information seriously and we are committed to protecting it. Our hosting provider is a Level 1 Service Provider under PCI DSS. At no point does SoLo ever store your online banking credentials. Additionally, each depositor’s account held at our partner bank is insured for at least a balance of $250,000.

— Free Education —

SoLo provides users with a full financial literacy curriculum. We believe that access to information is the key to building strong financial habits. Take courses, learn, and share this free resource with others. Knowledge is wealth, help us spread it! You can learn more at www.solofunds.com.

— SUPPORT —

If you need assistance, please contact us anytime. Email us at help@solofunds.com and we will get back to you as soon as possible. We’re here to help!”