A loan provider app
Doslease: Fast Personal Loan
is a free
finance
app that offers a
plethora of loan products
to Indians. Thanks to its
paperless application process
, you can apply for
loans
with just a few taps. Depending on your needs, you can pay for your medical bills or start a business, to name a few.
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Doslease: Fast Personal Loan’s
processing fee
is a major con as it entails additional expenditure on the user’s end. Unfortunately, there are instances when your
loan is
not credited to your account
. Unless you can wait, this issue is a dealbreaker.
Apply for loans with just a tap
Registered under the Reserve Bank of India, Doslease has been in the finance industry since its founding in 1993, offering professional financial services to Indian clients. With its very own Doslease: Fast Personal Loan app, you can easily apply for loans through your smartphone so long as you’re
at least 21 years old
and have valid
Aadhaar and PAN
(permanent account number) cards.
You must also have a
bank
account and a stable income
. With an annual percentage rate (APR) of eight to 24 percent, you can avail of loans ranging from
₹1,000 INR to ₹50,000 INR
, which have an annual interest rate between 10 to 24 percent and a
three- to six-month tenure
. Unfortunately, the app charges a processing fee, so keep that in mind should you still push through with your application.
What’s more, loan applications are completely paperless, which is a plus for users who want instant access to cash. For your peace of mind, the app puts your
data
privacy
at the forefront
so cybercriminals won’t have easy access to sensitive information. Strangely,
correctly typed bank details
are shown as
“invalid”
in the app. Given its flaws and issues, this app is definitely hard to recommend.
Not a good app
Despite it offering a paperless application process, Doslease: Fast Personal Loan is a hassle to use. Hence, if you need money, don’t expect your desired loan to be credited right away to your account. Even if you type your bank details correctly, it will still show as “invalid,” making it more of a hassle to use compared to other loan apps available in the market.