India's digital payment ecosystem is evolving fast, and UPI apps are no longer just about sending or receiving money. More and more platforms are now offering built-in financial services, including quick access to personal loans. If you’ve ever thought about applying for a loan but didn’t want to deal with paperwork or long waits, these apps are making the process easier and faster. In this blog, we’ll look at the top UPI apps in India that let you apply for personal loans directly from your phone, so you can handle emergencies or big purchases without any hassle.

What Is UPI-Based Credit?

UPI-based credit allows eligible users to make payments using a credit facility instead of their bank balance. One example is Credit Line on UPI, where a bank-issued, pre-sanctioned credit limit can be linked to a supported UPI app.

You can use the available credit to pay eligible merchants and repay the amount according to your bank's terms. However, this is different from a regular personal loan, where the approved amount is transferred directly to your bank account.

Top 11 UPI Apps With Built-In Personal Loan Options

1. Paytm

   Paytm offers personal loans through its app in partnership with banks and NBFCs. Eligible users can explore loan offers, complete their application online and receive the approved amount directly in their bank account. The platform makes it convenient to check available loan options without visiting a lender's branch.

   Once you receive an offer, you can review the interest rate, loan amount and repayment tenure before proceeding. Loan repayments can also be managed digitally, making Paytm a convenient option for people who already use it for UPI payments and other financial services.

   Key features:

   • Personal loans starting from ₹5,000, with offers of up to ₹25 lakh.

   • Interest rates starting at 9.99%–48% p.a., depending on the lending partner.

   • Repayment tenures ranging from 3 to 60 months.

   • Paperless application and digital verification.

   • Offers from multiple lending partners.

   • Digital EMI repayment options.

2. Google Pay (GPay)

   Google Pay lets eligible users discover personal-loan offers from partner banks and NBFCs directly within the app. If an offer is available, you can check the loan amount, interest rate and repayment tenure before starting your application. The lender handles the verification and approval process, while the loan amount is transferred directly to your bank account after approval.

   One advantage is that you can explore these offers without switching to a separate loan-search platform. However, Google Pay does not approve or provide the loans itself. The final decision and loan terms depend on the lending partner.

   Key features:

   • Personal-loan offers from participating banks and NBFCs.

   • Loan amounts of up to ₹40 lakh, depending on the offer.

   • Interest rates starting at 9.99% p.a.

   • Digital application through the Loans section.

   • EMI repayments debited from your selected bank account.

   • Loan approval and disbursal handled by the lending partner.

3. PhonePe

   PhonePe has expanded beyond UPI payments by offering access to financial products, including personal loans through lending partners. Eligible users can explore available loan offers, complete their application digitally and receive approved funds directly in their bank accounts.

   The platform also makes it easier to manage loan-related activities online. However, the actual loan amount, interest rate and repayment period depend on the lender providing the offer. PhonePe acts as a platform connecting borrowers with lending partners rather than directly providing every loan.

   Key features:

   • Personal-loan offers through lending partners.

   • Loan amounts of up to ₹10 lakh

   • Interest rates starting at 2% p.m.

   • Offers tailored to your spending and transaction history

   • Flexible EMI terms based on NBFC policies

4. BharatPe

   BharatPe primarily focuses on providing financial services to merchants and small business owners. Through its lending partnerships, eligible merchants can explore business financing options to manage working capital, purchase inventory or meet other business expenses.

   The application and verification process can be completed digitally, making it convenient for merchants who already use BharatPe for their business payments. Loan amounts, interest rates and repayment terms depend on the selected product and lending partner.

   Key features:

   • Loans starting from ₹1,000 up to ₹50 lakhs.

   • Interest rates upto 36% per annum, depending on eligibility

   • Paperless application using PAN and Aadhaar

   • Repayment schedules determined by the lending partner.

   • No collateral requirement only where specified by the applicable product.

5. Freo Money

   Freo Money brings several financial services together in one app, including UPI payments, personal loans, investments and insurance. Its personal-loan facility works like a credit line. You receive an approved limit of up to ₹5 lakh, but you don't have to withdraw the entire amount at once. You can use only what you need and pay interest on the amount transferred to your bank account.

   The application process is paperless, with digital KYC and bank verification. Once approved, you can access your available credit and repay it through EMIs. Freo also offers tools to track your credit score, invest in digital gold and explore fixed deposits.

   Key features:

   • Credit line of up to ₹5 lakh, with withdrawals starting at ₹3,000.

   • Interest starting at 12% p.a. (approximately 1% per month)

   • Interest charged only on the amount transferred and used.

   • Paperless digital KYC and app-based loan management.

   • Direct bank disbursal after approval.

   • Flexible EMI repayment and reusable credit facility, subject to product terms.

6. MobiKwik

   MobiKwik offers digital personal loans through its ZIP EMI service, allowing eligible users to apply for funds directly through the app. The application process includes Aadhaar verification and setting up an e-mandate for automated repayments. Once approved, the loan amount is transferred directly to the borrower's bank account.

   One of MobiKwik's key advantages is the convenience of managing loan applications and repayments within the same app used for UPI payments and other financial services. It works with partner banks and NBFCs that provide the loans, so interest rates, processing fees and repayment terms depend on the selected offer.

   Key Features:

   • Personal loans of up to ₹5 lakh.

   • Interest rate starting at 0.8%p.m.

   • Digital application with Aadhaar verification.

   • Approval in as little as two minutes for eligible applicants.

   • Repayment through EMIs and automated e-mandates.

   • Loans provided through partner banks and NBFCs.

7. Bajaj Finance

   Bajaj Finance offers personal loans for people who need funds for planned expenses or financial emergencies. Borrowers can apply online, complete the required verification and receive the approved amount directly in their bank accounts.

   The platform offers different loan amounts and repayment periods, allowing eligible applicants to choose an EMI plan based on their financial situation. It also provides access to other financial products through the Bajaj Finance app, making it useful for existing customers who prefer managing their financial services digitally.

   Key Features:

   • Personal loans from ₹40,000 to ₹75 lakh.

   • Interest rates starting at 10% p.a., subject to eligibility.

   • Digital application and verification.

   • No guarantor or collateral required for the standard unsecured personal loan.

   • Flexible repayment options.

   • Direct bank disbursal after approval.

8. KreditBee

   KreditBee offers personal loans across a wide range of amounts, making it an option for borrowers with different financial needs. Users can apply online, complete the required verification and receive the approved loan amount directly in their bank accounts.

   The platform also considers applicants with limited credit history, depending on their income, employment and repayment capacity. Its different repayment options allow eligible borrowers to choose a tenure that suits their monthly budget.

   Key Features:

   • Personal loans from ₹3,000 to ₹10 lakh.

   • Interest rates ranging from 12% to 27.5% p.a.

   • Repayment tenure of 3 to 60 months.

   • Quick application and direct bank-account disbursal.

   • No collateral or security pledge required.

   • Loan approval subject to eligibility and lender assessment.

9. Navi Money

   Navi offers personal loans through a fully digital application process. Borrowers can apply for amounts of up to ₹20 lakh, complete their KYC online and review the repayment options available to them.

   The platform is useful for people who prefer managing their loan applications digitally instead of visiting a branch. It also offers longer repayment periods, allowing eligible borrowers to spread their EMIs over time. The final interest rate and loan amount depend on the applicant's profile and eligibility.

   Key Features:

   • Personal loans of up to ₹20 lakh.

   • Digital application and paperless processing.

   • Repayment tenure of up to 84 months, subject to the available product.

   • Interest rates of up to 29.96%p.a.

   • Direct bank disbursal after approval.

   • Zero foreclosure charges, subject to applicable product terms.

10. Stashifn

    Stashfin offers a digital personal-loan and credit-line facility for people who need access to funds without pledging collateral. Applicants can complete the process online using basic KYC details, and eligible borrowers can access a credit limit of up to ₹5 lakh. Its credit-line model offers flexibility for borrowers who want access to funds without a traditional branch-based application.

    Stashfin advertises an interest-free period of up to 30 days on eligible borrowing, followed by interest based on the applicable offer. The platform also provides flexible repayment tenures and does not charge foreclosure or prepayment fees under its published terms. Borrowers should check the platform and transaction fees as well as the interest rate before accepting an offer.

    Key Features:

    • Credit limit of up to ₹5 lakh.

    • 0% interest for up to 30 days, subject to the applicable product terms.

    • Digital application with PAN, Aadhaar and selfie verification.

    • No collateral required for the personal-loan product.

    • Repayment tenures of up to 42 months, depending on the offer.

    • No foreclosure or prepayment charges under the published fee policy.

11. MoneyView

    Moneyview offers personal loans through a digital application for eligible salaried and self-employed applicants. Borrowers can apply online, complete the required verification and review their available loan offer without visiting a branch. The platform provides loans across a range of amounts and repayment periods, making it an option for people comparing personal-loan products for planned expenses or emergencies.

    Moneyview's published personal-loan information lists loan amounts from ₹5,000 to ₹10 lakh, with interest rates starting at 14% per annum. Applicants should review the offered interest rate, fees, EMI and total repayment amount before accepting a loan, as the final terms depend on their profile and eligibility.

    Key Features:

    • Personal loans from ₹5,000 to ₹10 lakh.

    • Interest rates starting at 14% p.a., subject to eligibility.

    • Digital application and verification.

    • Repayment options based on the approved loan tenure.

    • Available to eligible salaried and self-employed applicants.

    • No collateral required for the standard unsecured personal-loan product.

How UPI Loan Integration Works

Some UPI apps let eligible users explore personal loans from partner banks and NBFCs. Others also support bank-issued credit lines that can be linked to UPI for payments.

Here’s how it generally works:

• Check for an offer: Open the app and see whether a loan or credit-line offer is available.

• Review the terms: Check the loan amount, interest rate, fees and repayment period.

• Complete verification: Submit the required details and complete KYC with the lender.

• Get approved: The lender reviews your application and decides whether to approve it.

• Access your funds or credit: A personal loan is generally transferred to your bank account, while a linked credit line can be used for eligible UPI payments.

The exact process depends on the app and lending partner. Approval isn't guaranteed, and interest and fees vary by offer.

The Role of Unified Lending Interface (ULI)

The Unified Lending Interface (ULI) is a digital initiative designed to help lenders access the information needed to assess loan applications more efficiently. It aims to simplify lending processes by connecting lenders with relevant data sources through a common technology framework.

ULI and UPI serve different purposes. ULI supports the lending process, while UPI enables digital payments. ULI does not automatically approve loans or link a loan to your UPI ID. Approval and loan terms still depend on the lender's assessment.

How to Apply for a Personal Loan Through UPI Apps

Some UPI apps let you explore personal-loan offers from partner lenders. The process is usually digital, although the exact steps vary by app.

1. Open Your UPI App

   Download a supported app or open the one you already use. Look for its Loans or Personal Loan section.

2. Check Your Eligibility

   Review any available loan offers and check the lender's eligibility requirements. The available amount and terms depend on your financial profile.

3. Complete KYC

   Provide the requested details and complete identity verification. Depending on the lender, you may need your PAN, Aadhaar and income-related documents.

4. Review and Accept the Offer

   Check the loan amount, interest rate, processing fees, EMI and repayment tenure before accepting the terms.

5. Receive the Loan

   Once the lender approves your application and all formalities are complete, the money is generally transferred to your bank account. If you're activating a credit line on UPI instead, follow the app's linking and authentication steps to use it for eligible payments.

Closing Thoughts

UPI apps have made personal loans feel a lot less intimidating. If you need quick money for an emergency or a planned expense, these built-in loan options can save you time and paperwork. Just make sure you check the interest rate, processing fees, and EMI terms before you accept any offer, and borrow only what you can comfortably repay.