insta money personal loan - insta money review

Instamoney app - Instant personal loan apply online

         What is InstaMoney? InstaMoney app was launched by Innofin Solution Pvt ltd in 4-June-2018 with the intent to explain loan needs for salaried people. insta money app has 1 Million plus downloads and growing at a very rapid pace. With incorporates innumerable new highlights like shopping with zero expense EMI for new and existing clients.

       Short of Cash? Or on the other hand, need additional money for a get-away with companions? Presently getting a momentary moment money credit beginning from Rs. 5,000 to Rs. 10,000 is conceivable with InstaMoney. InstaMoney offers you moment individual credits at a loan cost of 0% up to 4% every month for a residency of 3 months. 

        Instamoney app provides loans that you can use for a wide variety of applications like 
 Medical crisis advance, Personal Loan, Debt Consolidation advance, Home Renovation. Insta money also provides advance salary options, Salary deferred or need additional money toward the month's end? you can easily avail of insta money. Purchase flight tickets, book lodgings quickly. Shop online with Zero Cost EMI funds. Presently you can shop online with Flipkart at zero expense EMI choice.

Instamoney Features

  • Fastest endorsements for a credit measure of up to Rs. 10,000.
  • Apply whenever, from anyplace to get moment money advances.
  • No physical documentation. Totally online procedure.
  • Repay in 3 simple EMIs (90 Days).
  • Once reimbursed, reapply whenever to get extra loans.
  • No shrouded charges.
  • Prepay whenever with no punishment charges.
  • You can shop in Flipkart with Zero EMI 

Eligibility for Instamoney personal loan

  • There should not be any past default/write-off on loans. 
  • Should be an Indian citizen
  • Should be above 21years to up to 55 years
  • Should be a working individual with a salary above Rs.12,000
  • Should have a working bank account
  • Should have an android mobile with working internet connection

You can check your personal loan eligibility "Click here"

Documents required for Insta money personal loan

  • Photo of the applicant 
  • PAN Card
  • Aadhaar Card
  • Three months of bank payslips 
  • Valid Current/Permanent location ID proof
Available in the following states currently: Maharashtra, Karnataka, Gujarat, Tamil Nadu, Telangana
Kerala. Bhubaneswar.

Instamoney Interest rates and Fee

  • The processing fee varies from Rs 0 to 499
  • An insignificant non-refundable enlistment expense of Rs. 199/ - to begin advance handling
  • The loan cost is just 4% every month or 48% per annum.
  • A handling charge of Rs. 200 - Rs. 400 is deducted at the hour of payment.
  • No Penalty for prepayment of the loan.

Example of Insta money personal loan 

  If you take a Loan amount of Rs.6,000 and for an Interest rate of  25% p.a. for a Tenure of 91 days; 
Then the total interest amount paid would be Rs.375 and the total amount paid would be Rs. 6375, and there would be a processing fee of 0 to up to 499 depending on the tenure.

Steps to apply for Instamoney personal loan

Benefiting from a money advance has never been this simple:
  • Download the InstaMoney App from play store
  • check your loan qualification by filling your details
  • Fill up your essential details and upload the necessary documents 
  • Pay the processing fee and after review, you will get the eligible amount. 
  • From that, you can select the requirement.
  • Get the cash moved to your bank account within minutes.

Instamoney personal loan

  • You can take a loan from varying Rs. 5000 to up to Rs. 10,000
  • Loan tenure varies from 61 to 91 days
  • The interest rate varies from 0 to 33% 
  • The processing fee varies from Rs.0 to 499.

Instamoney customer care

    You can contact Insta money customer care by

Conclusion (Personal view)

      The interest rates and the processing rates are less compared to other companies but the app is rusty to start with, if have a Cibil score greater than 650 then only you can apply, before filling the details itself they verify so your information is safe that's one good aspect. they charge a loan fee it would be worth it if you have problems the customer care will resolve asap.
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For Google Play Store Click here

For Official website Click here

Instamoney app - Instant personal loan apply online