Top 25 Instant Personal Loan Apps in India

Top 25 Instant Personal Loan Apps in India

Personal loans are a good way to satisfy small objectives in life. They assist you to splurge on a coveted machine, or handle your monetary emergencies with out having to spend all of your financial savings.

In right now’s time, on the spot mortgage apps are the most suitable choice for private loans. They course of loans a lot sooner as compared to banks, and in addition require minimal documentation. Should you have been looking for loan apps in India, learn forward.

Top 25 Instant Personal Loan Apps in India
Top 25 Instant Personal Loan Apps in India

Top 25 Instant Personal Loan Apps in India

Why waste your time scrolling by way of descriptions of apps to search out out which is the very best mortgage app in India? Right here you could find the highest on-line loan apps in addition to the rate of interest they cost, loan quantity and tenure they supply.

We have now compiled an inventory of India’s finest, most handy, and extremely versatile loan apps that ship on their guarantees. Check out the very best rated on the spot loan apps in 2024!

Sl. no. 

Loan App

Interest Rate

Loan Amount

Repayment Tenure

Play Store Rating

1

ZestMoney

14% onwards

Up to Rs.5 Lakh

3 – 36 months

3.9/5

2

Moneyview

1.33% p.m. onwards

Rs.5,000 – Rs.10 Lakh

6 – 60 months

4.7/5

3

MoneyTap

1.08% p.m. onwards

Up to Rs.5 Lakh

3 – 36 months

4.1/5

4

KreditBee

15% – 29.95% p.a.

Rs.1,000 – Rs.4 Lakh

3 – 24 months

4.6/5

5

PaySense

1.4% – 2.3% p.m.

Rs.5,000 – Rs.5 Lakh

3 – 60 months

3.6/5

6

CASHe

2.50% p.m. onwards

Rs.1,000 – Rs.4 Lakh

3 – 18 months

3.7/5

7

Nira Finance

2% p.m. onwards

Up to Rs.1 Lakh

Up to 12 months

4.3/5

8

Navi

9.9% p.a. onwards

Up to Rs.20 Lakh

Up to 72 months

4.1/5

9

Fibe

14% p.a. onwards

Rs.5,000 – Rs.5 Lakh

As much as 24 months

4.4/5

10

LoanTap

11% – 24% p.a.

Rs.50,000 – Rs.10 Lakh

6 – 60 months

3.6/5

11

mPokket

Up to 4%

Rs.500 – Rs.30,000

Up to 3 months

4.4/5

12

Bajaj Finserv

10.49% p.a. onwards

Up to Rs.40 Lakh

12 – 72 months

4.6/5

13

IDFC First Bank

10.49% p.a. onwards

Rs.20,000 to Rs.40 Lakh

12 – 60 months

4.4/5

14

LoanTap

18% – 30% p.a.

Rs.25,000 to Rs.10 Lakh

3 – 60 months

3.6/5

15

Home Credit

2% p.m. onwards

Up to Rs.5 Lakh

12 – 48 months

4.5/5

16

SmartCoin

20% p.a. onwards

Rs.1,000 – Rs.70,000

91 – 270 days

4.3/5

17

Credy

1% – 1.5% of loan amount p.m.

Up to Rs.1 Lakh

3 – 12 months

4.1/5

18

FlexSalary

18% – 54% p.a.

Up to Rs.2 Lakh

10 – 36 months

3.0/5

19

Payme India

18% – 42% p.a.

As much as Rs.5 Lakh

As much as 36 months

3.7/5

20

StashFin

11.99% – 59.99% p.a.

Rs.1,000 – Rs.5 Lakh

3 – 36 months

3.9/5

21

Dhani

13.99% p.a. onwards

Rs.1,000 – Rs.15 Lakh

2 – 24 months

3.4/5

22

IndiaLends

10.75% onwards

Up to Rs.50 Lakh

12 – 60 months

4.0/5

23

Buddy Loan

11.99% p.a. onwards

Rs.10,000 – Rs.15 Lakh

12 – 60 months

4.4/5

24

RupeeLend

0.1% – 1% per day

Rs.10,000 – Rs.1 Lakh

61 – 90 days

3.3/5

25

Upwards

18% – 32% p.a.

Up to Rs.5 Lakh

6 – 24 months

3.3/5

Features and Benefits of the Best Instant Loan Apps In India

Here are the options and benefits of the Top 25 Instant Personal Loan Apps in India –

ZestMoney

ZestMoney is one other distinctive finance platform that gives on the spot loans. Listed below are some options about the platform –

  • You possibly can apply for a loan even in case you don’t have a credit score rating

  • It can be used to buy on-line in straightforward EMIs

  • Avail loans as much as Rs.5 Lakh with rates of interest beginning at 14%

  • You may get reward playing cards from different fashionable shopping web sites

  • Pay the cash again in snug EMIs starting from 3 – 36 months

Click here to download ZestMoney

Moneyview

moneyview is one of the hottest and the very best rated personal loan apps in India. It presents unparalleled benefits and options to its prospects. A few of these embody –

  • The loan amount, as soon as the appliance is authorised, is disbursed inside 24 hours normally

  • You can check your eligibility standards in simply 2 minutes from wherever within the nation

  • moneyview solely asks for three documents, specifically, deal with, id, and revenue proof

  • You may get any quantity between Rs. 5,000 to Rs.10 Lakh

  • Interest rates begin from simply 1.33% per 30 days with versatile repayment tenures as much as 60 months

  • moneyview doesn’t ask for collateral and you can select to repay the loan by way of auto-debit EMIs

  • moneyview’ s unique credit rating model allows applicants with low credit scores to avail a loan

Click here to download moneyview

Top 25 Instant Personal Loan Apps in India

MoneyTap

It’s a personal loan app that gives a line of credit to customers, which works as an on the spot loan or a bank card.

One of many major highlights of MoneyTap’s line of credit is that you would pay interest solely on the loan quantity that you simply use and never your entire authorised quantity.

Take a look at some of the different advantages provided –

  • The no-usage-no-interest function ensures that one pays interest solely on the quantity used and never your entire quantity availed

  • You possibly can avail of any quantity as much as Rs. 5 lakh and the rates of interest begin at 1.08% per 30 days

  • Everytime you want money, you’ll be able to borrow any quantity as much as your total authorised credit score restrict, as and while you want it

  • Versatile repayment tenure from 3 to 36 months is obtainable

  • MoneyTap offers free MasterCard bank card to its debtors and gives your entire credit score restrict as money

  • The candidates ought to be above the age of 23 years and have a minimal month-to-month revenue of Rs.30,000

Click here to download MoneyTap

KreditBee 

KreditBee presents a number of kinds of personal loans – flexi personal loan which is a small ticket personal mortgage that’s excellent for emergencies or smaller bills and a personal loan for salaried candidates and self-employed candidates.

A number of the options and advantages are –

  • Relying on the kind of mortgage availed, debtors can get a mortgage quantity between Rs.1,000 to Rs.4 lakhs

  • KreditBee claims to disburse the mortgage quantity in simply 10 minutes

  • The rate of interest ranges from 5% – 29.95% p.a. and might range primarily based on the borrower’s credit score historical past and different elements

  • The reimbursement tenure begins at 3 months and might go as much as 10 months for Flexi loan and 24 months for a private loan for salaried

  • Your complete loan utility course of from begin to end is completed on-line

Click here to download KreditBee

Top 25 Instant Personal Loan Apps in India

PaySense

That is one other on the spot loan app that’s gaining popularity owing to its fast loan approval and disbursement course of. A number of the options and advantages of this app are –

  • A singular function is that PaySense presents loans to candidates who’re new to borrowing and haven’t any credit score historical past

  • You may get a loan amount between Rs.5,000 to Rs.5 Lakh immediately

  • The rate of interest ranges from 1.4% – 2.3% p.m. and the tenure will be between 3 – 60 months

  • It presents private loans to each salaried and self-employed candidates

  • Paysense additionally gives reminders, and auto-debit options that can assist you hold monitor of EMI funds

Click here to download PaySense

CASHe

Are you a salaried particular person in search of an pressing loan? Then CASHe is a superb choice for you! CASHe employs a singular SLQ (Social Mortgage Quotient) to find out your eligibility for a mortgage.  A number of the options and advantages of their on the spot loans are –

  • Avail mortgage quantities starting from Rs.1,000 to Rs.4 Lakh

  • Repayment phrases range from 3 months to 18 months making it an important short-term mortgage choice

  • These loans will be availed on-line which makes the appliance course of easy and handy

  • Nonetheless, the minimal wage requirement is Rs. 12,000 per 30 days and candidates have to be between the ages of 23 and 58 years previous

  • CASHe presents a rigorously crafted loyalty program that enables its debtors to take pleasure in advantages such as selecting decrease rates of interest or higher loan amount

Click here to download CASHe

Nira Finance

Nira Finance is one other loan app that has been making waves within the financial house. This on the spot private loan app provides loans as much as Rs. 1 lakh in simply 3 minutes! Check out the options and advantages of their flagship product –

  • Nira Finance presents a line of credit score as much as Rs.1 Lakh

  • As soon as your paperwork and utility are submitted, you could find out your credit score restrict in simply 3 minutes

  • Nira Finance additionally presents credit score to first-time debtors with no credit score historical past. However, if you’re a seasoned borrower, then the minimal CIBIL rating requirement is 681

  • Repayment tenure can go as much as 12 months

  • Additionally, you will solely should pay curiosity for the quantity used and never your entire quantity that you’re authorised for

  • Rates of interest begin from 2% per 30 days

  • Whereas your entire loan course of is paperless, you will want to submit laborious copies as soon as for KYC objective

Click here to download Nira Finance

Navi

A digital lending app that gives loans on-line, Navi is one among the highest lenders available in the market right now. Learn on to know a few of their options and advantages –

  • You possibly can avail a private loan of as much as Rs. 20 Lakh

  • Navi presents versatile EMI choices of as much as 72 months or 6 years

  • The rates of interest begin from 9.9% p.a.

  • Your complete technique of availing a loan is digital and will be executed from wherever

  • You possibly can select a repayment plan of your alternative primarily based in your eligibility

  • The loan quantity shall be credited to your account inside a couple of minutes of approval

Click here to download Navi

Top 25 Instant Personal Loan Apps in India

Fibe 

Fibe, previously EarlySalary, presents engaging private loans, financial freedom, and suppleness to its prospects. It prides itself on being inclusive and gives on the spot money loans to these with no credit score rating. The very best half about Fibe is you get a mortgage in simply 10 minutes. Take a look at its salient options and advantages –

  • You possibly can avail of a loan from Rs.5,000 to Rs.5 Lakh primarily based in your eligibility

  • Your complete technique of utility is completed on-line and is totally paperless

  • A singular function of this lender is that you may apply for a number of loans in the identical day even when you have already got a loan working with them

  • One other profit Fibe gives is that it’s obtainable 24X7. You possibly can apply for a loan at any time and get on the spot disbursal

  • Fibe additionally presents a wage advance to those that want a little bit further money on the aspect with rates of interest ranging from 14% p.a.

  • You possibly can repay the mortgage in easy installments that span as much as 24 months

Click here to download Fibe

LoanTap

LoanTap presents personalized mortgage choices with pocket-friendly EMIs and versatile repayment plans. Given beneath are a few of the options and advantages of LoanTap private loans –

  • LoanTap lends any quantity between Rs.25,0000 to Rs.10 Lakh primarily based on the borrower’s requirement

  • As soon as the loan is authorised, you can be credited together with your mortgage quantity in 24-36 hours

  • To qualify for a LoanTap private mortgage, you have to be an Indian citizen between the age of 21 and 60 years, incomes at the least Rs. 30,000 per 30 days

  • You may make your EMIs extra inexpensive by selecting a versatile repayment plan from 3 months to 60 months

  • LoanTap has a clear mortgage course of and consists of no hidden prices or pre-payment prices

  • After 6 months of disbursement, you’ll be able to swap to EMI-free mortgage or an accelerated repayment choice, as per your comfort

Click here to download LoanTap

mPokket

mPokket presents safe and on the spot private loans for college students and salaried people in instances of money crunch. It gives pocket-sized personal loans in minutes with low-interest charges sans long-term EMI commitments making it the most effective on the spot loan apps in India.

Its options embody:

  • mPokket serves low-salaried and low-income earners by offering loans of Rs.500 to Rs.30,000 to fund their pressing monetary wants

  • As soon as the eligibility standards are fulfilled, the loan quantity is disbursed inside just a few hours

  • Faculty college students also can avail a mortgage simply by offering their school enrolment, pupil ID, mark sheet, or letter of admission as proof

  • You possibly can repay the loan quantity inside 120 days

  • The rates of interest are as much as 4% p.m.

Click here to download mPokket

Top 25 Instant Personal Loan Apps in India

Bajaj Finserv

Bajaj Finserv is an Indian non-banking firm that gives a wide range of financial companies. They’ve three variants of the private loan product – flexi time period mortgage, flexi hybrid loan, and time period loan.

Listed below are another options of their private loans –

  • You possibly can select any of the three variants primarily based in your requirement

  • You possibly can full the entire course of proper from the consolation of your private home

  • Avail loans as much as Rs.40 Lakh

  • The loans are unsecured and don’t require any collateral

  • Inexpensive rates of interest ranging from 10.49% p.a. and tenures starting from 12 – 72 months

Click here to download Bajaj Finserv

IDFC First Bank

IDFC First Financial institution is an effective choice for you in order for you a big amount of money. It’s a simple to make use of app, and listed here are a few of its salient options –

  • As present prospects, you’ll be able to simply entry your mortgage account particulars, assertion particulars, excellent steadiness, and so on.

  • You possibly can pay the mortgage at your personal pace because the tenure ranges from 12 – 60 months

  • Mortgage quantity varies from Rs.20,000 to Rs.40 Lakh

  • The rate of interest is affordable ranging from 10.49% p.a.

Click here to download IDFC First Bank

True Balance

True Balance focuses on prospects who don’t make on-line funds or ones who don’t have a credit score rating. Read about some main options of the app –

  • They declare that you may apply, get your loan authorised, and get the cash inside half-hour

  • They supply entry to credit score for twenty-four hours of the day

  • The rates of interest begin from 2.4% per 30 days

  • You possibly can borrow an quantity between Rs.5,000 to Rs.1 Lakh

  • Repay the quantity at your personal tempo with tenures between 3 to six months

Click here to download True Balance

Home Credit

This app gives straightforward, fast, and handy loans for all. Some extra vital pointers about House Credit score are –

  • It’s a part of the Worldwide House Credit score group and is current in lots of nations aside from India

  • It’s current in additional than 150 Indian cities

  • No credit score historical past is required to avail a mortgage from this app

  • Rates of interest begin from 2% p.m. and tenures will be 12 – 48 months, primarily based in your comfort

  • You possibly can take a mortgage of as much as Rs.5 Lakh to satisfy any of your wants

Click here to download Home Credit

Top 25 Instant Personal Loan Apps in India

SmartCoin

SmartCoin is a simple to make use of lending app for people who are in search of brief time period loans. Salaried people in addition to stay-at-home mother and father, and enterprise house owners can avail loans from this app. Listed below are some options that make it stand out –

  • All documentation will be completed on-line

  • Software will get authorised inside minutes

  • No minimal wage requirement

  • Mini loans obtainable ranging from Rs.1,000 – Rs.70,000 that may be repaid inside 91 – 270 days

  • Inexpensive rates of interest ranging from 20% p.a.

Click here to download SmartCoin

Credy

This mortgage app can be used to avail on the spot private loans in main Indian cities like Bangalore, Chennai, Pune, Mumbai, and Hyderabad. Here are some extra options of Credy –

  • Mortgage quantity is versatile and might go as much as Rs.1 Lakh

  • You possibly can select a tenure between 3 – 12 months

  • No guarantor or collateral wanted

  • It’s worthwhile to be a salaried worker to be eligible

  • Rates of interest vary from 1% – 1.5% of loan quantity p.m.

Click here to download Credy

FlexSalary

Based mostly out of Hyderabad, FlexSalary is one other one of many prime on the spot loan apps of India. Here’s what units it aside from the rest of the net loan apps –

  • All salaried people are eligible for a loan

  • No minimal wage requirement

  • It really works as an advance wage app

  • Out there in metro cities, in addition to Tier I and Tier II cities

  • Affordable straightforward EMIs primarily based on rates of interest starting from 18% – 54% p.a.

  • As much as Rs.2 Lakh will be availed as a mortgage and will be repaid in 10 – 36 months

Click here to download FlexSalary

Payme India

This on-line loan firm is located in Noida, and gives a wide range of products like payday loans, advance wage, and brief time period money loans. The next are some key options of the Payme India app –

  • Gives loans to salaried people

  • Low-interest charges starting from 18% – 42% p.a.

  • Complete loan process will be completed on the app

  • Handy and versatile reimbursement plans as much as 36 months

  • Loan quantity can go as much as Rs.5 Lakh

  • Fastened minimal processing prices

Click here to download Payme India

Top 25 Instant Personal Loan Apps in India

StashFin

StashFin, based by a crew of skilled financial companies professionals, is among the prime digital on the spot loan apps in India. Listed below are some options that set it aside from its rivals –

  • Loans can be found for as little as Rs.1,000 and might go as much as Rs.5 Lakh

  • When you register, a charge quote is offered inside 15 seconds

  • You possibly can repay the loan by way of digital funds over a variety of three – 36 months

  • The speed of curiosity will be 11.99% – 59.99% p.a. primarily based in your eligibility

  • Nominal processing prices

Click here to download StashFin

Dhani

Dhani is a loan app backed by Indiabulls Ventures, that permits you to apply for a private loan anytime, wherever. Listed below are some distinctive options of this app –

  • Avail unsecured loans with no bodily documentation

  • Solely PAN, Aadhar quantity, and deal with must be offered for verification

  • You possibly can repay the loan inside 2 – 24 months

  • Loans ranging from Rs. 1,000 to Rs. 15 Lakh relying in your requirement

  • Rates of interest begin from 13.99% p.a.

Click here to download Dhani

IndiaLends

IndiaLends is a premium money loan app and has these options –

  • Low curiosity that starting from 10.75%

  • On the spot loans will be availed directly from the app after checking your CIBIL rating

  • Mortgage disbursal inside 48-hours

  • As much as Rs.50 Lakh will be availed as on the spot loan

  • Repay the mortgage quantity by way of easy EMIs starting from 12 – 60 months

Click here to download IndiaLends

Top 25 Instant Personal Loan Apps in India

Buddy Loan

With its head workplace in Bangalore, BuddyLoan claims to be the mortgage app with the very best charge of loan approvals. These options set it aside from different loan apps –

  • Loan approval inside 48 hours of making use of

  • Get loan presents from Rs.10,000 to Rs.15 Lakh

  • Rates of interest begin at 11.99% p.a.

  • Comfortably repay your loan in tenures of your alternative starting from 12 – 60 months

  • Any Indian citizen with a sound Aadhaar and PAN card can apply

  • In case you are self-employed, you want firm and GST particulars to be eligible

Click here to download Buddy Loan

RupeeLend

RupeeLend is a payday loan, i.e. an advance wage loan that may be availed in metro cities like Bangalore, Mumbai, and Delhi NCR. It is part of the Casinity group, and relies out of Gurgaon.

Listed below are another key options of the app –

  • Gives pressing loans for emergency conditions

  • Reduces the necessity of extreme paperwork

  • Mortgage foreclosures will be executed with none further prices

  • Mortgage quantities starting from Rs.10,000 – Rs.1 Lakh will be availed at 0.1% – 1% per day curiosity

  • Gives tenures from 61 – 90 days

Click here to download RupeeLend

Upwards

Upwards claims that it’s the quickest loan app in India for salaried individuals. Listed below are some extra options concerning the app –

  • EMIs begin from as little as Rs.2,500, with interest rates starting from 18% – 32% p.a.

  • You may get loans as much as Rs.5 Lakh

  • The method is paperless and requires no collateral

  • Salaried people with a minimal wage of Rs.15,000 are eligible

  • The loan will be repaid conveniently over a period of 6 – 24 months

  • It’s obtainable in over 200 cities in India

Click here to download Upwards

Top 25 Instant Personal Loan Apps in India

Conclusion

There are a plethora of private mortgage apps, all providing on the spot disbursals, paperless processes, and versatile reimbursement choices. However to pick the very best mortgage app in India, you’ll want to examine different vital elements such because the eligibility standards, processing time, tenures obtainable, and whether or not there are any hidden prices.

Examine all standards rigorously earlier than deciding on an on the spot mortgage app in accordance with your requirement.

If transparency, comfort, and suppleness is what issues essentially the most to you, wisest alternative! Aside from inexpensive rates of interest, loans are on the spot and include no hidden prices.

“Top 25 Instant Personal Loan Apps in India”

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