InstaMoney: Personal Loan App

Innofin Solutions Private Limited

About this app

InstaMoney is powered by Innofin Solutions Private Limited, India’s largest Peer-to-Peer Lending Platform and an RBI-registered NBFC-P2P.

InstaMoney provides fast, reliable, and accessible personal loans to over 6 million happy and satisfied users across India. We provide loan from ₹5,000 or ₹50,000, our fully online process ensures your loan is approved and disbursed within just 2 hours.

Features
- Instant personal loan from ₹5,000 to ₹50,000
- Interest rate: 24%-48% p.a.
- Tenure: 3 to 6 months
- Easy process

What makes InstaMoney ideal for every customer?
- Fast online loan
- Easy application
- No documentation
- Instant personal loan
- Digital processing and disbursal in 2 hours
- Repayment tenure from 91 days to 180 days
- Lowest processing fees ranging between 0% - 5% of the amount used
- Graduate to the higher loan amount and more products with on-time repayments

Why Choose InstaMoney Over Other Loan Apps?
- Trusted by 6 million users across India
- Over ₹15,000 crores disbursed in personal loans
- Get instant cash loans for medical emergencies, credit card payments, school fees, advance salary, and more
- Loan disbursal in as fast as 10 minutes, with a maximum of 2 hours

Eligibility Criteria
- Salaried / Self-Employed Individuals
- Between the age of 21 - 55 years
- Indian citizen

Easy-to-Apply Process
- Log in to the InstaMoney app, check eligibility and apply for verification.
- Provide required details and documents quickly.
- Check your application status
- On approval, the amount gets transferred to your bank account in 30 minutes.

Example:
The Loan Amount (Principal) is ₹10,000 with an Interest Rate of 24% per annum with a tenure of 5 months.
Interest=₹10,000 x 24% x 5/12 =₹1,000 and the Total Amount payable would be ₹11,000 over 5 months i.e. ₹2,200 per EMI (Equated Monthly Installment).
Processing fee(+GST)=₹500 + ₹90. Assessment fee=₹199 to ₹249

*These numbers are for representation only, and the final interest rate or processing fee may vary from one borrower to another depending on his/her credit assessment.


Contact us
• Email: [e-mail]
• Facebook: fb.com/InstaMoneyApp
• Twitter: @InstaMoneyApp

InstaMoney is owned by Innofin Solutions Pvt. Ltd. an RBI Registered NBFC-P2P (https://rbi.org.in/Scripts/BS_NBFCList.aspx)

Website: https://www.instamoney.app/

Address: Unit no. 1006, 10th Floor, DLH Park, S. V. Road, Goregaon West, Mumbai – 400062, Maharashtra, India.

Security & Protection of Privacy
InstaMoney app follows global standards of high-level data encryption/decryption protocols to protect user data.

Ratings and reviews

They charge 199 just to check!! No guarantee at all. I lost my 199. The application is full of bugs. The reason shared for rejection don't align and they say kyc failed when it show done at my end. All in all for those who were able to get the loan great!! However,I don't see why they charge 199 to check while No other app does this. Overall experience is poor.