LoanSumo is an Instant Loans platform that helps borrowers apply for online loans with multiple lenders at one go. LoanSumo works with a range of lenders to offer both Instant Cash Loans and Personal Loans including Banks, NBFC’s, Digital Lenders, P2P Lenders, and Private Finance Companies. Through its lender partners, LoanSumo provides paperless online application, same-day processing, quick loan approval in as little as 1 Hour, and fast disbursals.
Cash Loans are short-term loans that range from 5000 Rupees to 1,00,000 Rupees. These Mini Loans are usually used by borrowers for their urgent money needs or as a salary advance.
Instant Personal Loans are offered to both self-employed and salaried persons ranging from 1 Lakh Rupees to 10 Lakh Rupees. By partnering with lenders across the credit spectrum, LoanSumo is able to provide Personal Loan to those with Low CIBIL and Low Salary.
Our loans are meant to help borrowers when their urgent and immediate cash needs come up
We at LoanSumo believe that the customer deserves to get fair transparent lending terms when they borrow money. We work with lenders who we vet and test to be the most responsible lenders in the industry. Moreover, we work to educate our customer son the best practices of borrowing and repaying loans responsibly.
Please note that LoanSumo is not a direct lender, and hence does not make decisions on loan approvals, loan terms, and loan disbursals. Fast loan approvals and disbursals are dependant upon the borrower profile and lender terms.
We operate in all of the major Indian metros of India including Hyderabad, Bangalore, Delhi, and Mumbai.