Getting a loan used to mean long forms, branch visits, and weeks of waiting. Not anymore. If you’ve got an Android phone, you’ve got access to instant personal loans right in your pocket. Whether you're dealing with medical bills, travel plans, or end-of-month crunch, these apps make borrowing fast, simple, and often paperless. In this blog, we’re looking at 12 personal loan apps that stand out for their speed, transparency, and ease of use. Let's jump right into it.
Best Personal Loan Apps for Android You Can Use in 2026
| Loan App | Loan Amount Range (₹) | Interest Rate / APR | Repayment Tenure | Google Play Rating* |
|---|---|---|---|---|
| Freo (formerly MoneyTap) | ₹3,000 to ₹5,00,000 | Interest usually ranges between 12% and 36% per year, with APR going roughly from 10% up to 70% | 3 to 36 months | 4.4 / 5 |
| Moneyview | ₹5,000 to ₹10,00,000 | Starts around 14% annually, with APR typically falling between 17% and 45% | 3 to 60 months | 4.8 / 5 |
| KreditBee | ₹6,000 to ₹10,00,000 | Interest spans about 12% to 28.5% yearly, APR can go up to nearly 50% | 6 to 60 months | 3.6 / 5 |
| Navi | ₹10,000 to ₹20,00,000 | Interest generally ranges from 12.06% to 29.96% per year | Up to 84 months | 4.5 / 5 |
| CASHe | ₹45,000 to ₹3,00,000 | Monthly interest starts from 2.79%, translating to APR close to 48% | 9 to 18 months | 2.8 / 5 |
| mPokket | Up to ₹50,000 | Monthly rates range around 2% to 3.25%, APR may reach about 61.6% | 6 to 12 months | 4.6 / 5 |
| Home Credit | Up to ₹4,80,000 | APR usually falls between 19.5% and 36% | 9 to 60 months | 4.5 / 5 |
| Kissht | Up to ₹5,00,000 | Interest commonly sits between 12% and 36% yearly, APR may go up to around 57% | 3 to 60 months | 4.4 / 5 |
| PayRupik | ₹1,000 to ₹50,000 | APR can go up to 35% annually depending on profile | 91 days to 12 months | 4.2 / 5 |
| Bajaj Finserv | ₹40,000 to ₹55,00,000 | Interest rates usually fall between 10% and 31% yearly | 12 to 96 months | 4.8 / 5 |
| Olyv (SmartCoin) | Up to ₹5,00,000 | Monthly interest starts near 1.5%, APR may range between 30% and 90% | 2 to 24 months | 4.7 / 5 |
Which is the Best Loan Apps for Android
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Freo (formerly MoneyTap)
Freo offers you a personal line of credit through the Android app. Once approved, you get a credit limit of up to ₹5 lakh, but you only borrow what you need. The interest applies only to the amount used, not the total limit. It’s great for those who want flexibility without taking out a full lump-sum loan. Repayments happen in easy EMIs over 2 to 36 months, and as you repay, your available limit gets refreshed.
Best for: Salaried users who prefer a reusable, flexible personal credit line.
Key features:
- Credit limit up to ₹5,00,000
- Withdraw as low as ₹3,000 and pay interest only on what you use
- Tenure from 2 to 36 months
- No collateral; fully digital process
- Use for travel, education, bills, or emergencies
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Moneyview
Moneyview provides quick and paperless personal loans entirely through the app. You can borrow anywhere between ₹5,000 and ₹10 lakh, with repayment tenures up to 5 years. The eligibility check takes just a couple of minutes, and the app gives you instant approval and disbursal if you qualify.
Best for: Borrowers who need higher loan amounts with longer repayment terms.
Key features:
- Loan amount from ₹5,000 to ₹10,00,000
- Repayment tenure up to 5 years
- Instant digital eligibility check
- Partnered with multiple lenders
- No paperwork; 100% digital disbursal
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KreditBee
KreditBee is built for fast, short-to-mid term loans through an Android app. It caters to both salaried and self-employed users. You can borrow as low as ₹1,000 and go up to ₹5 lakh, with some partner lenders offering more. If you repay on time, your eligibility and limits improve.
Best for: First-time borrowers or those with limited credit history.
Key features:
- Loans from ₹1,000 to ₹5,00,000
- Partner loans can go up to ₹10,00,000
- Flexible tenures between 3 and 36 months
- Offers both fixed and flexible loan options
- Quick in-app approval and bank disbursal
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Navi
Navi provides large personal loans for major expenses. It offers loan amounts up to ₹20 lakh with long tenures of up to 72 months. The interest starts from around 9.9% per year. Everything happens inside the app, including KYC, approval, and disbursal.
Best for: Big expenses like weddings, education, or debt consolidation.
Key features:
- Loans from ₹10,000 to ₹20,00,000
- Tenures up to 72 months
- Competitive interest starting at 9.9% p.a.
- No pre-closure charges on many products
- Instant approval and transfer to bank
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CASHe
CASHe is designed for working professionals who need short- to mid-term credit quickly. You can borrow between ₹45,000 and ₹3 lakh, with tenures between 9 and 18 months. It also offers loans for specific needs like travel, gadgets, or medical bills.
Best for: Salaried users looking for fast, need-based loans.
Key features:
- Loan range from ₹45,000 to ₹3,00,000
- Tenure between 9 and 18 months
- Interest starting around 2.79% per month
- Loan types include personal, gadget, BNPL, and more
- Fast approval and disbursal, fully app-based
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mPokket
mPokket started with student loans but now serves salaried individuals and gig workers too. It provides small loans from ₹500 to ₹50,000, which can be repaid over 61 days to 12 months. It’s ideal for quick financial support during emergencies or monthly shortfalls.
Best for: Students and new earners who need small, short-term loans.
Key features:
- Loan range: ₹500 to ₹50,000
- Tenure: 61 days to 12 months
- Monthly interest rates between 0% to 4%
- Minimal documents; quick disbursal to bank or wallet
- Rewards for timely repayment
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Home Credit
Home Credit offers medium-sized personal loans with easy repayment plans. Loan amounts start at ₹10,000 and go up to ₹4.8 lakh. Tenures can range from 9 to 60 months. The app also supports existing customers with options like payment holidays.
Best for: Users needing mid-sized loans with flexible EMIs.
Key features:
- Loan range: ₹10,000 to ₹4,80,000
- Repayment over 9 to 60 months
- Interest from around 1.6% per month
- Digital application and fast disbursal
- Extra features for returning customers
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Kissht
Kissht is a lending app that covers both personal loans and consumer durables. You can get up to ₹5 lakh through the app, with tenures of 3 to 60 months. The interest rate depends on your credit profile and ranges from around 18% to 36% per year.
Best for: Users needing mid-sized personal or business loans.
Key features:
- Loan range up to ₹5,00,000
- Flexible tenure from 3 to 60 months
- Fast in-app approval and digital disbursal
- Interest varies by risk, up to 57% APR
- Covers salaried, self-employed, and merchant finance
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PayRupik
PayRupik focuses on quick, short-term personal loans for urgent needs. The app offers amounts from ₹1,000 to ₹1 lakh, with repayment periods between 91 and 365 days. Everything is fully digital, and most users get money in their accounts within 15 minutes.
Best for: Anyone needing a fast, small loan for under a year.
Key features:
- Loan amount: ₹1,000 to ₹1,00,000
- Tenure between 91 and 365 days
- Transparent fees and interest, APR up to 36%
- Fast approval, 100% app-based process
- Operated by an RBI-registered NBFC
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Bajaj Finserv
Bajaj Finserv offers one of the highest personal loan limits in the market, going up to ₹55 lakh. You can apply for a variety of loan types through their app, including term, Flexi, and Insta personal loans. It supports repayment tenures of up to 8 years.
Best for: Prime borrowers with large credit needs and long-term plans.
Key features:
- Loan amounts from ₹40,000 to ₹55,00,000
- Tenure: 12 to 96 months
- Interest from around 10% p.a.
- Offers Flexi and pre-approved variants
- End-to-end app journey with document upload and loan tracking
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Olyv (formerly SmartCoin)
Olyv provides fast, fully digital personal loans for salaried users. You can get loans starting at ₹1,000 and going up to ₹5 lakh, with tenures between 2 and 24 months. The app uses AI to assess your credit and approve loans instantly.
Best for: Salaried users looking for quick loans with small-to-medium amounts.
Key features:
- Loan size: ₹1,000 to ₹5,00,000
- Tenure from 2 to 24 months
- Interest starts at about 1.5% per month
- Fast AI-based eligibility check
- Free credit score tracking and repeat borrowing made easy
Closing Thoughts
Personal loan apps on Android have made borrowing far more accessible than it used to be. From small emergency loans to large planned expenses, there is now an app that fits almost every need and credit profile. What matters is choosing responsibly. Always compare interest rates, check processing fees, read repayment terms carefully, and borrow only what you can comfortably repay. Used wisely, these apps can be a helpful financial backup during both planned and unexpected situations.
Frequently Asked Questions
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Which is the best personal loan app for Android?
The best app depends on your need. Navi and Bajaj Finserv are ideal for higher loan amounts, while Freo is best for a flexible credit line. For small, quick loans, mPokket and PayRupik are suitable.
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Which loan app gives instant approval on Android?
Apps like Freo, Moneyview, Navi, KreditBee, Olyv, and PayRupik offer instant digital approval and fast disbursal, often within minutes after successful KYC verification.
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What are the processing fees for loan apps?
Processing fees typically range from 0% to 5% of the loan amount, depending on the lender. GST and other charges may apply as per the app’s policy.
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Can I get a personal loan without salary proof?
Some apps may approve loans without traditional salary slips, but you usually need bank statements, income proof, or KYC verification to qualify.
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Can students apply for personal loans using apps?
Yes. Apps like Freo and mPokket offer small personal loans to students with minimal documentation and short repayment tenures.
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Can I get a loan without a CIBIL score?
Yes. Apps like KreditBee and mPokket may provide loans to first-time borrowers without a CIBIL score, but loan limits may be lower and interest rates higher.
