A personal loan or line of credit can be of immense help and if you need urgent financial help, an online instant personal loan app is your best bet! Wondering which loan app to choose? Here’s a list of the top 8 best instant personal loan apps in India as of 2022.

Top 8 Instant Personal Loan Apps in India

Although there are numerous personal loan apps today, not every app offers a high degree of convenience and flexibility. Here’s a list of the best personal loan apps in India that can offer instant personal loans and/or line of credit easily.

Loan Apps Name

Interest Rate (per month)

Loan Amount

PlayStore Rating

Money View

1.33% onwards



Money Tap

1.08% onwards












2.75% - 3%

Rs. 9,000-Rs.4,00,000


Nira Finance

2% - 3%

Rs. 5,000-Rs.1,00,000



1.5% - 3%

Rs. 5,000-Rs.5,00,000


Early Salary

2% and above

Rs. 5,000-Rs.5,00,000



1.16% onwards



Features and Benefits of the 8 Best Instant Loan Apps In India

While there are a number of personal loan apps in the market today, we have chosen 8 best loan apps based on popularity and other criteria. These are -

Money View

One of the most popular instant loan apps and the only one to have a 4.5 rating on Google PlayStore in the country today, Money View offers an unparalleled range of features and benefits to its customers. Some of these include -

  • The loan amount, once application is approved, will be disbursed within 24 hours

  • The eligibility check can be completed within 2 minutes from anywhere in the country

  • You will only need to submit three documents and the application process is extremely simple

  • Affordable interest rates starting at 1.33% per month with repayment terms of upto 60 months

  • Borrowers can avail any amount between Rs. 5,000 to Rs. 5 lakh

  • Easy loan repayments through auto-debit EMIs and there is no need for collateral

  • Money View uses a unique credit rating model which is why even those with lower credit scores can apply.


One of the primary highlights of MoneyTap’s line of credit is that you would pay interest only on the loan amount that you use and not the entire approved amount. Take a look at some of the other benefits offered -

  • The no-usage-no-interest feature ensures that one pays interest only on the amount used and not the entire amount availed

  • Flexible repayment tenures of 2 months to 36 months is offered

  • Interest rates start at 1.25% per month and an amount between Rs. 3, 000 to Rs. 5 lakh can be availed

  • Borrowers will also a receive a MoneyTap-RBL credit card that comes with a number of features and benefits

  • Rewards and discounts on food, fuel, and entertainment expenses are also offered on this card

  • The applicants should be between 23 to 55 years old and have a minimum monthly income of Rs.30,000


KreditBee offers two types of personal loans - Flexi personal loan which is a small ticket personal loan that is perfect for emergencies or smaller expenses and a personal loan for salaried applicants. Some of the features and benefits are -

  • Depending on the type of loan availed, borrowers can get a loan amount between Rs. 1,000 to Rs. 2 lakh

  • The interest rate starts at 1.02% can varies based on the borrower’s credit history and other factors

  • The repayment tenure starts at 2 months and can go upto 15 months, again, based on the type of loan availed

  • The entire loan application process from start to finish is done online


This is another instant loan app that is gaining popularity owing to its quick loan approval and disbursement process. Some of the features and benefits of this app are -

  • A unique feature is that PaySense offers doorstep collection of documents for ease and comfort of the borrowers

  • A loan amount between Rs. 5,000 to Rs. 5 lakh can be availed

  • These loans are available for both salaried and self-employed applicants

  • Even those with no credit history can avail affordable loans from PaySense


Are you a salaried individual looking for an urgent loan? Then CashE is a great option for you! Along with instant personal loans, CashE also provides line of credit and other financial services. Some of the features and benefits of their instant loans are -

  • Avail loan amounts ranging from Rs. 1,000 to Rs. 4,00,000

  • Repayment terms vary from  3 months to 1.5 years making it a great short-term loan option

  • These loans can be availed online which makes the application process easy and convenient 

  • Depending on the amount being availed, the eligibility criteria will vary - for example, to avail a loan amount of Rs. 50,000, you will have to earn Rs. 25,000 or more per month.

  • However, the minimum salary requirement is Rs. 12,000 per month and applicants must be above 18 years of age

Nira Finance

Are you looking for urgent financial aid that you can get within 3 minutes? Then a line of credit from Nira Finance is an option to be considered. Take a look at the features and benefits of their flagship product -

  • Nira Finance offers line of credit from Rs. 2,500 to Rs. 1 lakh

  • Once your documents and application is submitted, you can find out the results within just 3 minutes

  • Post application approval, you can avail the loan amount within just 24 hours making this the perfect option for emergencies

  • Nira Finance also offers credit to first time borrowers without a credit history. However, if you are a seasoned borrower, then the minimum CIBIL score requirement is 681

  • Repayment tenure varies from 3 months to 12 months

  • You will also only have to pay interest for the amount used and not the entire amount that you are approved for

  • Interest rates will vary from 2% to 3% per month


A digital lending app that provides loans online, Navi is one of the top lenders in the market today. Read on to know some of their features and benefits -

  • You can avail a personal loan of upto Rs. 20 lakh from the Navi app

  • The entire process of availing a loan is digital and can be done from anywhere

  • You can choose a repayment plan of your choice based on your eligibility

  • The loan amount will be credited to your account within a few hours of approval 


Looking for a personal loan that can be credited to your account within just 10 minutes? Then EarlySalary is your best bet. Check out their salient features and benefits -

  • You can avail a loan from Rs. 5,000 to Rs. 5,00,000 based on your eligibility

  • The entire process of application is done online and is fully paperless

  • A unique feature of this lender is that you can apply for multiple loans in the same day even if you already have a loan running with them

  • There are no pre-closure charges


Dhani is a credit application by Dhani Loans & Services that provides personal loans at affordable rates. Given below are some of the features and benefits of Dhani personal loans -

  • Borrowers can avail a loan amount between Rs. 1000 to Rs. 15 lakhs

  • The loan repayment period ranges from 3 months to 24 months

  • Loans are offered to both salaried and self-employed individuals

  • Entire application process is online and requires minimal documentation

  • Interest rates start at 13.99% per annum but can vary on a case-to-case basis

In Conclusion

There are a plethora of personal loan apps in India today all offering varied features and benefits. As for which is the best loan app, that depends entirely on you. 

Whether it is low interest rates, convenient application process, or a high amount of loan, choose a personal loan that fits your requirements the best. If you are looking for an affordable, convenient personal loan that is given to even those with low interest rates, visit the Money View website or download the loan app to apply today.