As a self-employed professional, having access to funds when needed is paramount. Fortunately, there are numerous options available for providing you with the cash flow support.
Loan apps can offer convenient access to cash when needed most, but before choosing one of these services it’s important to compare their features and weigh the pros and cons.
StashFin is a digital neo-banking platform that provides credit cards to underrepresented sectors of society, such as blue collar workers, those making less than $500 per month and members of the armed forces.
Additionally, it provides access to credit for new-to-credit borrowers and those with limited credit histories so they can take advantage of the formal financial system.
The firm provides loans in the form of credit lines and term loans to borrowers who require funds for short-term needs such as shopping, home renovation and medical emergencies.
The company also provides a credit card with an initial welcome offer of Rs 1,500 and benefits up to Rs 3,450. It features an adjustable credit line based on user history.
RupeeRedee is a digital platform that offers instant loans to customers in an entirely paperless process. Their mission is to make lending more accessible for underprivileged individuals.
This online loan app gives self-employed and salaried individuals access to small-ticket personal loans. Additionally, it provides a host of features and advantages.
RupeeRedee is supported by Digital Finance International (DFI), a subsidiary of Finstar Financial Group. Their parent company has invested nearly $6 million into the venture with the aim of improving technology and back-end processes to better assess new borrowers.
PayMe India is an innovative financial technology firm that provides fast loans to both salaried and self-employed individuals. Its simple application process, no-hassle loan verification process, 0% processing fee and minimal paperwork make it the ideal solution for anyone in need of short-term cash assistance.
The company offers instant personal loans up to 2 lakhs with a low interest rate and no processing fees. Its eligibility calculator helps you calculate your loan amount based on income, credit history, and other factors.
Bajaj Finserv app makes it simple for self employed individuals to manage their bill payments and financial needs. It provides personal loans, RBL credit cards and EMI Cards at reasonable interest rates.
Bajaj Finserv EMI Network Card allows you to purchase smartphones, laptops, refrigerators and other electronics on No Cost EMI from partner stores such as Amazon, Flipkart, OnePlus and Pepperfry.
The Electronic Money Transfer (EMI) Card allows you to pay for your purchases in manageable monthly installments without compromising other financial commitments. You can get started quickly by visiting the website or applying at a Bajaj Finserv partner offline store.
Upwards has been a leader in financial services since 2006. Not only does it offer cutting-edge online banking solutions, but also boasts an impressive social media presence with numerous Facebook, Twitter and LinkedIn accounts that are kept up-to-date. Upwards also excels digitally with an attractive website and robust mobile app. What’s more, Upwards boasts an exceptional employee relations team; their most recent employee turnover was only 4.6% – an industry record worth celebrating!
ZestMoney is an online platform that utilizes mobile technology, digital banking and artificial intelligence to provide loans to consumers. Established in 2016, this fintech company aims to assist 300 million Indians with their credit needs.
The company utilizes AI-driven machine learning to construct a risk profile for each consumer who applies for a loan. New-to-credit customers, who lack sufficient credit history, must supply additional data so the platform’s decision engine can assess their credibility.
Capital One is a premier payments brand, and their app makes managing your accounts effortless. Not only that, but the app also gives you access to valuable information such as account settings and security protocols.
Capital One offers a range of credit cards with generous rewards and perks for business owners, students, and those with average or poor credit. Plus they have an extensive travel program with plenty of redemption options for cardholders: redeem them for airline or hotel flights or transfer them onto various partners.