30 Best Instant Personal Loan Apps In India
30 Best Instant Personal Loan Apps In India
Traditional banks take a long time to process personal loan applications, and money lenders are known to charge high-interest rates making the process very dubious. In this whole financial setup, personal loan apps have emerged as an excellent idea to provide safe and hassle-free immediate cash loan in India within 1-hour.
Instant personal loan apps have changed the way we access funds. With plenty of options available in the market, choosing the best instant loan apps can be tricky. In this article, we have handpicked the best instant personal loan app in India 2024.
List of Personal Loan Apps in India
MoneyTap
Starts at 13%
Interest Rate
₹3,000 to ₹5 lakh
Loan Amount
4.1
App Rating
2 to 36 months
Tenure
Dhani
Starts at 13.99%
Interest Rate
₹1,000 to ₹15 lakh
Loan Amount
App Rating
3.3
Tenure
3 to 24 months
IndiaLends
Starts at 10.25%
Interest Rate
Loan Amount
₹15,000 to ₹50 lakh
Tenure
12 to 60 months
App Rating
4
KreditBee
Upto 29.95%
Interest Rate
Loan Amount
₹1,000 to ₹4 lakh
App Rating
4.5
Tenure
Upto 24 months
NIRA
Interest Rate
Starts at 24%
Loan Amount
₹10,000 to ₹1 lakh
Tenure
3 to 12 months
App Rating
4.3
Tenure
3 to 18 months
App Rating
3.7
CASHe
Interest Rate
Starts at 30%
Loan Amount
₹1000 to ₹4 lakh
moneyview
Interest Rate
Starts at 10%
Loan Amount
₹5,000 to ₹10 lakh
Tenure
Upto 60 months
App Rating
4.7
FIBE
Interest Rate
Starts at 12%
Loan Amount
₹8,000 to ₹10 lakh
Tenure
3 to 36 months
App Rating
4.4
Smart Coin
Interest Rate
Starts at 18%
Loan Amount
₹1,000 to ₹5 lakh
Tenure
2 to 24 months
App Rating
4.1
Home Credit
Interest Rate
Starts at 19%
Loan Amount
₹10,000 to ₹5 lakh
Tenure
12 to 48 months
App Rating
4.4
Lazy Pay
Interest Rate
Starts at 15%
Loan Amount
₹10,000 to ₹5 lakh
Tenure
3 to 24 months
App Rating
4.4
mPokket
Interest Rate
Starts at 24%
Loan Amount
₹500 to ₹45,000
Tenure
Max 90 days
App Rating
4.4
Flex Salary
Interest Rate
Starts at 18%
Loan Amount
Up to ₹2 lakh
Tenure
10 to 36 months
App Rating
4.5
Bajaj Finserv
Interest Rate
Starts at 11%
Loan Amount
Up to ₹50 lakh
Tenure
12 to 72 months
App Rating
4.5
Pay Me
Interest Rate
Starts at 18%
Loan Amount
₹500 to ₹5 lakh
Tenure
3 to 24 months
App Rating
3.9
Loan Tap
Interest Rate
Starts at 12%
Loan Amount
₹50,000 to ₹10 lakh
Tenure
6 to 60 months
App Rating
3.6
Pay Sense
Interest Rate
Starts at 14%
Loan Amount
₹5,000 to ₹5 lakh
Tenure
3 to 48 months
App Rating
3.7
Rupee Redee
Interest Rate
Starts at 30%
Loan Amount
₹1,000 to ₹25,000
Tenure
3 to 6 months
App Rating
2.8
Stashfin
Interest Rate
Starts at 11.99%
Loan Amount
₹1000 to ₹5 lakh
Tenure
3 to 36 months
App Rating
3.8
Credy
Interest Rate
Starts at 12%
Loan Amount
Up to ₹1 lakh
Tenure
3 to 12 months
Upwards
Interest Rate
Starts at 18%
Loan Amount
Up to ₹5 lakh
Tenure
Up to 60 months
App Rating
3.4
SMFG India Credit
Interest Rate
Starts at 13%
Loan Amount
₹50,000 - ₹25 lakh
Tenure
12 to 60 months
App Rating
2.2
Navi
Interest Rate
Starts at 9.9%
Loan Amount
Up to ₹20 lakh
Tenure
Upto 72 months
App Rating
4.3
Jupiter Money
Interest Rate
Starts at 26%
Loan Amount
Upto ₹5 lakh
Tenure
3 to 24 months
App Rating
4.4
Finnable
Interest Rate
Starts at 16%
Loan Amount
Upto ₹10 lakh
Tenure
3 to 48 months
App Rating
4.2
Buddy Loan
Interest Rate
Starts at 11.99%
Loan Amount
₹10,000 to ₹15 lakh
Tenure
6 months to 5 years
App Rating
4.5
Payme India
Interest Rate
Starts at 18%
Loan Amount
Upto ₹5 lakh
Tenure
Upto 24 months
App Rating
3.7
True Balance
Interest Rate
Starts at 28.8
Loan Amount
₹5,000 to ₹1.25 Lakh
Tenure
3 to 12 months
App Rating
4.1
Pocketly
Interest Rate
Starts at 24%
Loan Amount
₹500 to ₹50,000
Tenure
1 to 6 months
App Rating
4.2
List of Personal Loan Apps in India
App
Interest Rate
Loan Amount
Tenure
App Rating
Download
App
Starts at 12%
Up to ₹1 lakh
3 to 12 months
Data Source: Google Play Store and respective apps’ websites. (Last checked – 5th Sep, 2024)
Data Source: Google Play Store and respective apps’ websites. (Last checked – 5th Sep, 2024)
When you are in urgent need of a quick cash loan, there are very few options available. One is to seek a personal loan from traditional banks, which can be a time-consuming process requiring a lot of paperwork and multiple document submissions.
The other option is taking a loan through a credit card, but interest rates are extremely high. Asking your friends or relatives for money is another option, but it can be embarrassing. And not everyone is lucky enough to get a salary advance loan in India from their employers. So, the best option for a quick cash loan in India is through personal loan apps. The internet has revolutionised the way India works. Today you can purchase anything from vegetables to a Smart TV and more, sitting in the comfort of your home. The situation is no different if you need fast and easy instant personal loans in India. There are the best instant loan apps in India, which can make your personal loan process a lot easier and more convenient. You can apply online with the requisite scanned documents, and the loan amount can be delivered to your doorstep or credited to your bank account, depending on your convenience.
Dhani
Starts at 13.99%
Interest Rate
₹1,000 to ₹15 lakh
Loan Amount
App Rating
3.3
Tenure
3 to 24 months
MoneyTap
Interest Rate
Starts at 13%
Loan Amount
₹3,000 to ₹5 lakh
App Rating
2 to 36 months
Tenure
4.1
List of Personal Loan Apps in India
IndiaLends
Starts at 10.25%
Interest Rate
Loan Amount
₹15,000 to ₹50 lakh
Tenure
12 to 60 months
App Rating
4
KreditBee
Upto 29.95%
Interest Rate
Loan Amount
₹1,000 to ₹4 lakh
App Rating
4.5
Tenure
Upto 24 months
NIRA
Interest Rate
Starts at 24%
Loan Amount
₹10,000 to ₹1 lakh
Tenure
3 to 12 months
App Rating
4.3
Tenure
3 to 18 months
App Rating
3.7
CASHe
Interest Rate
Starts at 30%
Loan Amount
₹1000 to ₹4 lakh
moneyview
Interest Rate
Starts at 10%
Loan Amount
₹5,000 to ₹10 lakh
Tenure
Upto 60 months
App Rating
4.7
FIBE
Interest Rate
Starts at 12%
Loan Amount
₹8,000 to ₹10 lakh
Tenure
3 to 36 months
App Rating
4.4
Smart Coin
Interest Rate
Starts at 18%
Loan Amount
₹1,000 to ₹5 lakh
Tenure
2 to 24 months
App Rating
4.1
Home Credit
Interest Rate
Starts at 19%
Loan Amount
₹10,000 to ₹5 lakh
Tenure
12 to 48 months
App Rating
4.4
Lazy Pay
Interest Rate
Starts at 15%
Loan Amount
₹10,000 to ₹5 lakh
Tenure
3 to 24 months
App Rating
4.4
mPokket
Interest Rate
Starts at 24%
Loan Amount
₹500 to ₹45,000
Tenure
Max 90 days
App Rating
4.4
Flex Salary
Interest Rate
Starts at 18%
Loan Amount
Up to ₹2 lakh
Tenure
10 to 36 months
App Rating
4.5
Bajaj Finserv
Interest Rate
Starts at 11%
Loan Amount
Up to ₹50 lakh
Tenure
12 to 72 months
App Rating
4.5
Pay Me
Interest Rate
Starts at 18%
Loan Amount
₹500 to ₹5 lakh
Tenure
3 to 24 months
App Rating
3.9
Loan Tap
Interest Rate
Starts at 12%
Loan Amount
₹50,000 to ₹10 lakh
Tenure
6 to 60 months
App Rating
3.6
Pay Sense
Interest Rate
Starts at 14%
Loan Amount
₹5,000 to ₹5 lakh
Tenure
3 to 48 months
App Rating
3.7
Rupee Redee
Interest Rate
Starts at 30%
Loan Amount
₹1,000 to ₹25,000
Tenure
3 to 6 months
App Rating
2.8
Stashfin
Interest Rate
Starts at 11.99%
Loan Amount
₹1000 to ₹5 lakh
Tenure
3 to 36 months
App Rating
3.8
Credy
Interest Rate
Starts at 12%
Loan Amount
Up to ₹1 lakh
Tenure
3 to 12 months
Upwards
Interest Rate
Starts at 18%
Loan Amount
Up to ₹5 lakh
Tenure
Up to 60 months
App Rating
3.4
SMFG India Credit
Interest Rate
Starts at 13%
Loan Amount
₹50,000 - ₹25 lakh
Tenure
12 to 60 months
App Rating
2.2
Navi
Interest Rate
Starts at 9.9%
Loan Amount
Up to ₹20 lakh
Tenure
Upto 72 months
App Rating
4.3
Jupiter Money
Interest Rate
Starts at 26%
Loan Amount
Upto ₹5 lakh
Tenure
3 to 24 months
App Rating
4.4
Finnable
Interest Rate
Starts at 16%
Loan Amount
Upto ₹10 lakh
Tenure
3 to 48 months
App Rating
4.2
Buddy Loan
Interest Rate
Starts at 11.99%
Loan Amount
₹10,000 to ₹15 lakh
Tenure
6 months to 5 years
App Rating
4.5
Payme India
Interest Rate
Starts at 18%
Loan Amount
Upto ₹5 lakh
Tenure
Upto 24 months
App Rating
3.7
True Balance
Interest Rate
Starts at 28.8
Loan Amount
₹5,000 to ₹1.25 Lakh
Tenure
3 to 12 months
App Rating
4.1
Pocketly
Interest Rate
Starts at 24%
Loan Amount
₹500 to ₹50,000
Tenure
1 to 6 months
App Rating
4.2
Data Source: Google Play Store and respective apps’ websites. (Last checked – 6th Aug, 2024)
When you are in urgent need of a quick cash loan, there are very few options available. One is to seek a personal loan from traditional banks, which can be a time-consuming process requiring a lot of paperwork and multiple document submissions.
The other option is taking a loan through a credit card, but interest rates are extremely high. Asking your friends or relatives for money is another option, but it can be embarrassing. And not everyone is lucky enough to get a salary advance loan in India from their employers. So, the best option for a quick cash loan in India is through personal loan apps. The internet has revolutionised the way India works. Today you can purchase anything from vegetables to a Smart TV and more, sitting in the comfort of your home. The situation is no different if you need fast and easy instant personal loans in India. There are the best instant loan apps in India, which can make your personal loan process a lot easier and more convenient. You can apply online with the requisite scanned documents, and the loan amount can be delivered to your doorstep or credited to your bank account, depending on your convenience.
Best Instant Personal Loan Apps in India
1
MoneyTap
MoneyTap
MoneyTap is revolutionising personal loans in India with its app-based credit line. The unique no-usage-no-interest feature ensures affordability, as users only pay interest on the amount utilised. Serving major cities like Delhi NCR, Mumbai, Bangalore, Hyderabad, and Chennai, as well as 30+ other Indian cities, MoneyTap provides a flexible credit line.
Let’s understand the MoneyTap experience with an example.
Imagine Arjun is approved for a ₹1 lakh credit line but only uses ₹50,000. Unlike traditional loans charging interest on the entire amount, MoneyTap charges interest solely on the used ₹50,000. At a 13% interest rate, Arjun pays only ₹56,500 at the end of the year compared to the hefty ₹113,000 he would have had to pay with a traditional personal loan.
Instant Approval: Get online approval in 4 minutes with minimal documentation.
Borrow in Parts: Borrow any amount from ₹3,000 up to your approved credit limit, paying interest only on what you use.
Save on Interest: Interest is charged solely on the used amount, starting as low as 1.08% per month.
Doubles as a Credit Card: Enjoy a complimentary MoneyTap-RBL Credit Card for flexible spending.
Flexible Repayments: Choose from 2-36 months EMI options for convenient repayments.
Manage Everything Through an App: Easily handle credit, repayments, and fund transfers through a user-friendly mobile app.
MoneyTap is revolutionising personal loans in India with its app-based credit line. The unique no-usage-no-interest feature ensures affordability, as users only pay interest on the amount utilised. Serving major cities like Delhi NCR, Mumbai, Bangalore, Hyderabad, and Chennai, as well as 30+ other Indian cities, MoneyTap provides a flexible credit line.
Let’s understand the MoneyTap experience with an example.
Imagine Arjun is approved for a ₹1 lakh credit line but only uses ₹50,000. Unlike traditional loans charging interest on the entire amount, MoneyTap charges interest solely on the used ₹50,000. At a 13% interest rate, Arjun pays only ₹56,500 at the end of the year compared to the hefty ₹113,000 he would have had to pay with a traditional personal loan.
Instant Approval: Get online approval in 4 minutes with minimal documentation.
Borrow in Parts: Borrow any amount from ₹3,000 up to your approved credit limit, paying interest only on what you use.
Save on Interest: Interest is charged solely on the used amount, starting as low as 1.08% per month.
Doubles as a Credit Card: Enjoy a complimentary MoneyTap-RBL Credit Card for flexible spending.
Flexible Repayments: Choose from 2-36 months EMI options for convenient repayments.
Manage Everything Through an App: Easily handle credit, repayments, and fund transfers through a user-friendly mobile app.
2
Dhani
Moneyview
Dhani, known as the “phone se loan app,” offers a seamless online process, allowing users to apply for personal loans ranging from ₹1,000 to ₹15 lakh with instant disbursal to their bank accounts. The competitive interest rates starting at 13.99% per annum make it an accessible and quick financial solution.
Completely Online Process: Dhani ensures a seamless loan application process, entirely online for user convenience.
Loans from ₹1,000 to ₹15 lakh: Dhani offers a flexible borrowing range, accommodating diverse financial needs.
Interest Rates Starting at 13.99% p.a.: Competitive starting interest rates make Dhani an attractive financial solution.
Tenure Ranging from 3 Months to 24 Months: Users have the flexibility to choose repayment tenures according to their preferences.
Money in Your Bank Instantly: Dhani stands out for its instant disbursal, ensuring quick access to approved loan amounts.
moneyview’s personal loan app guarantees a paperless, fast, easy, and flexible borrowing experience. Offering loan amounts from ₹5,000 to ₹10 lakh and a repayment period extending up to 5 years, Moneyview ensures flexibility, quick disbursals, and affordable interest rates.
Flexible Loan Amount : moneyview accommodates diverse financial needs with a wide range of loan amounts.
Disbursal in Minutes : The app’s efficient process ensures rapid disbursal of approved loan amounts.
Collateral-Free Loans : Moneyview removes the need for collateral, simplifying the borrowing process.
Affordable Interest Rates : Borrowers benefit from competitive interest rates, ensuring cost-effective repayments.
3
IndiaLends
IndiaLends
IndiaLends is a versatile cash loan app that provides instant personal loans, credit cards, and free credit reports. With low starting interest rates at 10.25% p.a., the app streamlines documentation, ensuring quick loan disbursal within 48 hours. Users can easily compare offers from over 70 RBI-approved lenders.
Personal Loans Starting at 10.25% Interest Rate: IndiaLends provides personal loans with competitive starting interest rates, making it a cost-effective option.
Minimal Documentation: Streamlined documentation processes simplify the loan application for users.
70+ RBI Approved Lenders: Users can conveniently compare and choose from a variety of pre-qualified loan offers.
No Hidden Charges, No Hidden Information: IndiaLends promotes transparency by ensuring no hidden charges or undisclosed information.
4
KreditBee
KreditBee
KreditBee, catering to young professionals, offers a seamless 100% online, collateral-free personal loan process. With instant loan options from ₹1,000 to ₹5 lakh, 24×7 availability, and a quick disbursal time of 10 minutes, KreditBee ensures hassle-free documentation. Users benefit from attractive interest rates ranging from 1.02% to 2.49% per month.
100% Online Collateral-free Personal Loan: KreditBee’s online process ensures a hassle-free, collateral-free experience.
Instant Loan Range from ₹1,000 to ₹5 lakh: Users can access a wide range of instant loan options catering to different financial needs.
Available 24×7: KreditBee’s round-the-clock availability offers users the flexibility to apply for loans at their convenience.
Hassle-Free Documentation: The loan application process is made easy with KreditBee’s simplified documentation.
Loan Disbursal in Just 10 Minutes: KreditBee excels in quick disbursal, addressing users’ financial needs promptly.
Interest from 1.02% – 2.49% p.m.: Attractive interest rates starting from 1.02% per month make KreditBee a cost-effective borrowing option.
KreditBee, catering to young professionals, offers a seamless 100% online, collateral-free personal loan process. With instant loan options from ₹1,000 to ₹5 lakh, 24×7 availability, and a quick disbursal time of 10 minutes, KreditBee ensures hassle-free documentation. Users benefit from attractive interest rates ranging from 1.02% to 2.49% per month.
100% Online Collateral-free Personal Loan: KreditBee’s online process ensures a hassle-free, collateral-free experience.
Instant Loan Range from ₹1,000 to ₹5 lakh: Users can access a wide range of instant loan options catering to different financial needs.
Available 24×7: KreditBee’s round-the-clock availability offers users the flexibility to apply for loans at their convenience.
Hassle-Free Documentation: The loan application process is made easy with KreditBee’s simplified documentation.
Loan Disbursal in