New Delhi, July 9 -- Finance has changed with the introduction of fast personal loan applications in India. These online lenders are an attractive option for emergency cash, as they offer quick approvals and minimal documentation. They have pros and cons too, like all financing solutions. This in-depth information will guide you towards making a well-informed decision.

1. Fast disbursal: The most notable perk of instant lending apps is the fast credit. These apps use data analytics and algorithms (instead of rigid documentation) to assess your eligibility. They are great for unexpected bills or medical emergencies, because you may receive an approval and have cash in your bank account in a matter of minutes to hours.

2. Less documentati...