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A 15 days loan app serves as a digital gateway to secure small-scale credit for short durations. You typically use these platforms to manage expenses that require settlement within a fortnight. These apps cater specifically to salaried professionals who face immediate liquidity crunches. It helps you avoid asking colleagues for money or committing to long-term debt.
You can expect specific standard attributes when you use a 15 days loan app for your financial needs.
| Feature | Details |
|---|---|
| Tenure | 7 to 15 days |
| Amount of Loan | ₹10,000 – ₹2,50,000 (varies by app) |
| Approval Time | Within minutes |
| Disbursement | Instant bank transfer or UPI |
| Personal loan interest rate | Ranges from 1.5% – 3% per month |
| Credit Check | Optional / Soft check |
| Eligibility | Indian citizen, 18+ years, valid bank account |
1. You benefit from rapid application processing.
2. The paperwork requirements remain very low.
3. You do not need to provide any security or collateral.
4. Mobile-centric designs make borrowing very convenient for you.
5. Students and freelancers often find flexible eligibility rules here.
6. You can access several RBI approved loan apps for a secure experience.
You should weigh these factors carefully before you decide to apply -
1. Interest costs can climb if you fail to pay on time.
2. Unauthorised recovery agents might cause you significant stress.
3. Unregistered platforms might compromise your personal data.
4. The tight repayment window could put pressure on your monthly budget.
1. Loans are Unsecured - You never have to pledge your assets. Your income profile is enough to secure these funds.
2. Digital Process - You handle everything via your smartphone. No physical branch visits are necessary for you.
3. Unrestricted Spending - You may use the money for anything. That includes groceries, medical bills or travel.
4. Short Repayment Tenure - You settle the debt in just 15 days. Some apps let you extend this for a fee.
5. Emergency Cash - You get a safety net for mid-month gaps. It is perfect if your salary arrives later than expected.
You might wonder if a 15 days loan app fits your current situation. These fast-paced credit tools work best for specific scenarios.
1. If your rent is due but your salary is a week away, this works for you. You pay the rent now and clear the loan once your pay hits.
2. Utility bills or credit card dues often clash with your cash flow. You can use this loan to protect your credit score from late payment marks.
3. Sudden repairs or medical costs do not wait for anyone. You get the cash immediately to fix the problem.
4. If you are still building your savings, you might lack a buffer. These apps provide a temporary safety net for you.
5. If you hate long forms, you will like this. You just upload your KYC and get the money without any office visits.
A 15 days loan app is for short gaps (not for buying houses or cars).
Finding a reliable 15 days loan app depends on your specific needs and credit profile.
| App | Typical Loan Range | 15-Day-Friendly Highlight | Indicative Cost* | Turn-around Time |
|---|---|---|---|---|
| Olyv (SmartCoin) | ₹1,000 – ₹35,000 | ML-based scoring system | 0.1% – 1% per day | 10-25 min approval |
| KreditBee | ₹1,000 – ₹40,000 | Specific short-term options | 0.09% – 0.95% per day | 5-15 min approval |
| mPokket | ₹1,000 – ₹30,000 | Tailored for students | 0.1% – 1.1% per day | 10-20 min approval |
| NoBroker InstaCash | ₹1,000 – ₹50,000 | Dedicated 15-day product | 0.1% – 1% per day | 10-15 min approval |
| RupeeRedee | ₹1,000 – ₹35,000 | AI-driven credit checks | 0.1% – 1% per day | 5-15 min approval |
| LazyPay | Up to ₹10,000 | 15-day interest-free cycle | Zero if paid on time | Instant activation |
Review this breakdown to see which 15 days loan app matches your repayment capacity.
| Platform | Typical Loan Range | Cost for 15-day cycle* | Personal loan processing fees | Disbursal Speed | Collateral | Extension |
|---|---|---|---|---|---|---|
| Olyv | Up to ₹35,000 | ≈ 3% per month | ≈ 3% | ~15 min | None | Yes |
| mPokket | Up to ₹30,000 | 1 – 6% per month | ₹50–₹200 + GST | 10–20 min | None | Yes |
| RupeeRedee | Up to ₹1.49 L | Starts 0.20% daily | 5 – 15% | ≈ 5 min | None | Yes |
| NoBroker | Up to ₹1 Lakh | From 12.99% p.a. | ≈ 2% | 24–48 h | None | Yes |
| KreditBee | Up to ₹40,000 | 12 – 28.5% p.a. | From ₹85 | < 15 min | None | Yes |
| LazyPay | Up to ₹10,000 | Interest-free | Nil | Instant | None | N/A |
You can still find a 15 days loan app even if you do not have a traditional salary slip. Some lenders use alternate data to verify you.
They might check your Aadhaar and PAN details or check your bank statements for the last few months. Your UPI transaction history often tells them enough about your repayment ability.
1. Rupeek - You get loans backed by your gold.
2. SmartCoin - They focus on self-employed individuals and small vendors.
3. TrueBalance - They offer small tickets based on virtual verification.
4. mPokket - This is a top choice for you if you are a student. Always aim to pay back within the fortnight to protect your credit health.
You must meet these basic benchmarks before you apply on a 15 days loan app -
1. Age - You should be between 21-60 years old.
2. Employment - You need a job in a private, public, or MNC firm.
3. Monthly Salary - Your earnings should be at least ₹20,000.
4. Credit Score - A credit score of 650+ is best (though some apps are more lenient).
Keep these digital copies ready for a smooth experience -
1. Your PAN card.
2. Your Aadhaar card.
3. A clear recent selfie.
4. Your bank account information.
5. Salary evidence (usually for larger sums).
Understanding the costs helps you borrow responsibly from any 15 days loan app.
| Parameter | Range |
|---|---|
| Prepayment | Usually allowed |
| Repayment Mode | Auto-debit, UPI, or NetBanking |
| Interest Rate | 12%–36% monthly |
| Late Fee | ₹500 (based on delay) |
| Processing Fees | 2%–5% of the loan amount |
Using a 15 days loan app is a straightforward process -
Download the App - Find the official app online.
Register - Use your phone number & email to create your profile.
Enter KYC - Upload your PAN & Aadhaar details for verification.
Add Work Info - Share your employer name & monthly income details.
Check Eligibility - The app evaluates your profile instantly.
Accept Offer - Select your amount and the 15-day tenure.
Receive Funds - You will see the money in your account very quickly.
You need to be careful when picking a personal loan app for short-term loan needs.
1. Check RBI Status - Only use apps that partner with registered NBFCs.
2. Compare Rates - Look at the daily interest to see the true cost.
3. Read Reviews - See what other borrowers say about the app's service.
4. Seek Transparency - Avoid apps that hide their fee structure from you.
If you feel a 15 days loan app is not right for you, consider these -
1. Use a cash advance from your credit card.
2. Ask your bank for an overdraft facility.
3. Check out digital lenders like Bajaj Finserv.
4. Take a gold loan from a reputed firm.
5. Borrow from your inner circle of friends or family.
A 15 days loan app offers a sensible way to handle minor financial hiccups. These tools give you an instant personal loan without the drama of long-term loan debt or complex paperwork. You can bridge your mid-month gaps securely (because nobody likes stressing over bills).
However, you need to borrow what you can pay back in two weeks. Always check the fine print so you are not surprised by fees later. lendingplate offers various credit solutions tailored to your needs if you need something larger.
You are safe as long as you use apps registered with the RBI. Always check the lender's credentials on their website before sharing your data. Legal apps follow strict fair practice codes. You should avoid any platform that asks for upfront payments before disbursing your loan amount to you.
You can usually get an answer within 5 to 15 minutes. These apps use automated algorithms to check your creditworthiness. If your documents are clear and you meet the criteria, the system approves you almost instantly. You do not have to wait for manual verification in most cases.
The money usually reaches your bank account within minutes of your final approval. Most apps use UPI or IMPS for real time transfers. In rare cases involving high-value amounts or technical issues, it might take a few hours. You generally get the funds on the same day you apply.
You will face late payment penalties if you miss your due date. These charges can be daily or a fixed one-time fee. Your credit score will also drop significantly. This makes it harder for you to get loans in the future. You might also face calls from recovery teams.
Interest rates typically vary between 1.5% and 3.5% per month. You should also account for processing fees which range from 2% to 5%. Since these are very short-term, the daily interest rate is the most important factor for you to track. Always read the fee summary before you sign.
You might be able to request an extension on some apps, but this costs extra. If you simply ignore the debt, the lender will report your default to credit bureaus. You will lose the ability to borrow from other formal lenders. Your debt will continue to grow with added interest.
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Unifinz Capital India Limited is a Non Banking Finance Company (NBFC) registered with the Reserve Bank of India (RBI). lendingplate is the brand name under which the company conducts its lending operations and specialises in meeting customer’s instant financial needs.
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