Compare Top 30 Loan Apps in India - Updated 2025

3. Olyv (SmartCoin)

Best for: Quick loans for self-employed and gig workers. 

SmartCoin is an easy-to-use lending app for people who are looking for short-term loans. Salaried individuals and business owners can avail of loans from this app. 

Here are some features that make it stand out - 

• All documentation can be completed online

• The application gets approved within minutes, and you can get the funds within 24 hours

• To be eligible, you must be between 21 and 60 years old

• The minimum income requirement for eligibility is ₹20,000

• Mini loans available starting from ₹1,000 - ₹5 Lakh that can be repaid within 2 to 24 months

• Affordable interest rates starting from 1.5% per month onwards

4. Kissht

Best for: Salaried users who want easy EMIs and shopping loans.

Kissht offers fully digital loans in a hassle-free process. Some of the main features of this app are -

• Personal loans up to ₹5 Lakh

• Top-up loans with an extended tenure of up to 60 months

• Loans are disbursed in 5 minutes

• Multiple ways to pay EMIs

• Business loans and loans against property also available

5. Buddy Loan

Best for: People looking for multiple lender options and fast approvals. 

With its head office in Bangalore, Buddy Loan claims to be the loan app with the highest rate of loan approvals. These features set it apart from other loan apps - 

• Loan approval within 48 hours of applying

• Get loan offers up to ₹15 Lakh

• Interest rates start at 11.99% p.a. 

• Comfortably pay off your loan in tenures of your choice, ranging from 6 months to 5 years

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

• If you are self-employed, you need the company and GST details to be eligible

• Medical loans, car loans, business loans, etc. also available 

6. KreditBee

Best for: Salaried and self-employed individuals who want instant personal loans. 

KreditBee offers multiple types of personal loans - flexi loans and personal loans for salaried and self-employed applicants. Flexi personal loans are small-ticket loans perfect for emergencies or smaller expenses.

Some of the features and benefits are -

• Depending on the type of loan availed, borrowers can get a loan amount between ₹6,000 to ₹10 Lakh

• KreditBee claims to disburse the loan amount in just 10 minutes

• The interest rate ranges from 12.00% - 28.50% p.a. and can vary based on the borrower’s credit history and other factors

• The repayment tenure starts at 6 months and can go up to 60 months

• The minimum monthly personal income should be ₹10,000 and the monthly household income should be ₹25,000 per month

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

7. Fibe

Best for: Salary advances and personal loans for all working professionals.

Fibe, formerly EarlySalary, offers attractive personal loans, financial freedom, and flexibility to its customers. It prides itself on being inclusive and provides instant cash loans to those with no credit score. The best part about Fibe is that you can get a loan in just 10 minutes. 

Check out its salient features and benefits -

• You can avail of a loan up to ₹5 Lakh based on your eligibility

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

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

• Another benefit Fibe provides is that it is available 24X7. You can apply for a loan at any time and get instant disbursal

• Fibe also offers a salary advance to those who need a little extra cash on the side, with interest rates starting from 18% p.a.

• You can repay the loan in easy installments that span up to 24 months

8. LazyPay

Best for: Buy now, pay later, and small personal loans. 

This app provides instant loans as well as many other services. You can also pay utility bills from this app. Let’s look at some features that make it stand out -

• Loans from ₹3,000 to ₹5 Lakh

• Interest rates range from 12% to 36% p.a.

• Interest is calculated on a reduced balance basis

• You can choose repayment tenures ranging from 3 to 24 months

• Buy Now Pay Later options 

9. CASHe

Best for: Short term salary lonas for young professionals.

Are you a salaried individual looking for an urgent loan? Then CASHe is a great option for you! CASHe employs a unique SLQ (Social Loan Quotient) to determine your eligibility for a loan.  

Some of the features and benefits of their instant loans are -

• Avail loan amounts ranging from ₹45,000 to ₹3 Lakh

• You can get the amount in your bank account within 24 hours 

• Repayment terms vary from 2 to 18 months, making it a great short-term loan option

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

• The minimum salary requirement is ₹40,000 per month 

• CASHe offers a carefully crafted loyalty program that allows its borrowers to enjoy benefits such as choosing lower interest rates or higher loan amounts

10. mPokket

Best for: Instant loans for students and first-time borrowers.

mPokket offers secure and instant personal loans for students, salaried, and self-employed individuals. It provides pocket-sized personal loans in minutes with low interest rates without long-term EMI commitments, making it one of India’s best instant loan apps.

Its features include - 

• mPokket serves low-salaried and low-income earners by providing loans of ₹1,000 to  ₹50,000

• Once the eligibility criteria are fulfilled, the loan amount is disbursed within a few hours

• College students can also avail a loan just by providing their college enrollment, student ID, mark sheet, or letter of admission as proof

• The repayment tenure ranges from 6 to 12 months

• The interest rates range from 2% to 3.50% per month

11. ZestMoney

Best for: No-cost EMI loans for online and offline shopping.

ZestMoney is another unique finance platform that offers instant loans. Here are some features of the platform - 

• You can apply for a loan even if you don’t have a credit score

• It can also be used to shop online in easy EMIs

• Avail loans up to ₹5 Lakh and personalised credit facility up to ₹2 Lakh with interest rates starting at 14% p.a.

• You can get gift cards from other popular shopping websites

• Pay the money back in comfortable EMIs ranging from 3 - 36 months

12. True Balance

Best for: Instant personal loans and mobile recharge - in one app.

True Balance focuses on customers who don’t make online payments or who don’t have a credit score. Read about some major features of the app - 

• They claim that you can apply, get your loan approved, and get the money within 30 minutes

• They provide access to credit 24 hours a day

• The interest rates start from 2.40% per month

• You can borrow an amount between ₹5,000 to ₹2 Lakh

• Repay the amount at your own pace with tenures between 6 to 12 months

13. Home Credit

Best for: Customer durable and personal loans with minimal documents.

This app provides easy, quick, and convenient loans within a few hours for all. Some more important pointers about Home Credit are - 

• It is part of the International Home Credit group and is present in many countries other than India

• It is present in more than 150 Indian cities

• No credit history is required to avail a loan from this app

• Interest rates start from 1.60% per month, and tenures can be 12 - 48 months, based on your convenience

• You can take a loan of up to ₹4.8 Lakh to meet any of your needs 

14. FlexSalary

Best for: Line of credit for salaried employees, with flexible withdrawals.

Based out of Hyderabad, FlexSalary is another one of the top instant loan apps in India. Here is what sets it apart from the rest of the online loan apps - 

• All salaried individuals are eligible for a loan

• The minimum income requirement is ₹8,000

• Available in metro cities, as well as Tier I and Tier II cities

• Affordable easy EMIs based on interest rates ranging from 18.00% to 36.50% p.a.

• Up to ₹3 Lakh can be availed as a loan and can be repaid up to 36 months

• The loan amount is disbursed within 24 hours

15. Navi Finserv

Best for: Paperless personal loans with low interest and fast disbursals.

A digital lending app that provides loans online, Navi is one of the top lenders in the market today. They claim to approve and disburse loans within a few minutes. 

Read on to know some of their features and benefits -

• You can avail of a personal loan of up to ₹20 Lakh

• Navi offers flexible EMI options of up to 84 months

• The interest rates go up to 26% p.a.

• 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 minutes of approval 

16. Creditt+

Best for: Instant micro loans for salaried individuals with short term needs. 

Founded in 2017 and headquartered in Ahmedabad, Credit+ is great for you even if you haven’t taken a loan in the past. Unfortunately, it is not available on the Play Store, so Android users can’t reap the benefits of this app. 

Here are some details about this app -

• Get loans ranging from ₹10,000 to ₹35,000

• The process is safe, transparent & secure

• You don’t need a lot of documents to apply for a loan

• Loans get disbursed within 15 minutes

• There is no prepayment charges and no credit history is required

• You need to have a minimum monthly salary of ₹25,000

• Your age should be between 21 and 55 and you should be salaried

• The app is available on the Galaxy Store, App Store, Oppo Store, and the Indus Appstore

17. Lendingplate - Personal Loan App

Best for: Personal loans for bad credit, with transparent charges and quick approvals. 

Headquartered in New Delhi, you can use their platform to apply for loans from anywhere in the country. They give loans to both salaried as well as self-employed people who meet the eligibility criteria. 

Let’s look at some of the salient features of their loans -

• Get personal loans up to ₹2.5 Lakh

• Enjoy flexible tenures from 3 to 15 months

• They give loans even if you have a bad credit score 

• To be eligible, you need to ne at least 21 years old

• You need to have a minimum income of ₹20,000 to get a loan from lendingplate

18. Finnable

Best for: Digital loans for salaried individuals.

Finnable is an app that gives a seamless and hassle-free experience. It is a start-up that helps employees get easy personal loans. Here is what sets this app apart from others -

• You can calculate your EMI on the website before applying for a loan

• EMIs are calculated using the reducing balance method

• The loan is disbursed within 24 hours

• Complete the whole process digitally

• Repayment terms range from 6 to 60 months

19. Freo (Formerly  MoneyTap)

Best for: Credit lines and personal loans with flexible usage. 

Freo Money (Formerly MoneyTap) is a personal loan app that offers a line of credit to customers, functioning as an instant loan or a credit card. One of the primary highlights of Freo'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

• You can avail of any amount up to ₹5 Lakh, and the interest rates start at 12% per annum

• Whenever you need cash, you can borrow any amount up to your entire approved credit limit, as and when you need it

• Get online approval in 4 minutes with minimal documentation.

• Flexible repayment tenure from 3 to 36 months is offered

• Borrow any amount from ₹3,000 up to your approved borrowing limit, paying interest only on what you use.

• Enjoy a complimentary Freo Credit Card for flexible spending.

• The applicants should be above the age of 23 years and have a minimum monthly income of ₹30,000

• Easily handle credit, repayments, and fund transfers through a user-friendly mobile app.

20. Pocketly

Best for: Instant small loans for students and gig-workers.

This app is available for both Android and iPhone users and gives small loans with short repayment tenures. Here is what makes it stand apart -

• Quantum of loans up to ₹50,000

• Interest rates range between 1% to 2% per month

• Loan tenures range from 2 to 6 months

• It has relaxed eligibility criteria with an income requirement of just ₹15,000

• Both salaried and self-employed individuals can avail of loans from this app

21. IndiaLends

Best for: Loan comparison platform connecting users to top banks and NBFCs.

IndiaLends is a premium cash loan app that promises to release funds within 24 hours of loan approval. Here are some of its features - 

• Low interest rates that start from 10.25% p.a.

• Instant loans can be availed directly from the app after checking your CIBIL score

• Loan disbursal within 24 hours

• Up to ₹25 Lakh can be availed as an instant loan

• Repay the loan amount through easy EMIs ranging from 1 - 5 years

• To be eligible, you need to have a minimum monthly income of ₹10,000

22. Hero FinCorp

Best for: Personal and two-wheeler loans from a trusted financial brand.

Hero FinCorp is an app with a user-friendly interface that allows you to apply for instant personal loans. Here are some things that make it attractive -

• No hidden charges or expenses

• Quick loan approvals within minutes

• Paperless process, 100% online

• Should be between 21 and 58 years old to be eligible

• The minimum monthly income requirement is ₹15,000

23. StashFin

Best for: Personal line of credit for salaried and self-employed individuals.

StashFin, founded by a team of experienced financial services professionals, is one of the top digital instant loan apps in India. Here are some features that set it apart from its competitors - 

• Loans are available for as low as ₹1,000 and can go up to ₹5 Lakh

• Once you register, a rate quote is provided within 5 minutes

• You can repay the loan through digital payments over a range of 12 - 36 months

• The rate of interest starts from 21% based on your eligibility

• Nominal processing charges

• Enjoy interest free period up to 30 days

24. Lenditt: Personal Loan App

Best for: Instant loans for salaried professionals with minimal paperwork.

This online loan app company is situated in Ahmedabad, Gujarat, and provides personal, medical, consumer durables, travel, vehicle, and home loans. Here are some features of the personal loan app -

• 100% digitized procedure

• Apply for the loan as many times as you want

• Interest rates starting from 28% p.a.

• Disbursal within 15 minutes

• No collateral and no hidden charges

• Provides loans to salaried and self-employed people

• Salaried applicants must have a minimum income of ₹25,000

25. Payme India

Best for: Short-term salary advances and personal loans online.

This online loan company is situated in Noida and provides a variety of products like payday loans, advance salary, and short-term cash loans. The following are some key features of the Payme India app - 

• Offers loans to salaried and self-employed individuals

• Low interest rates starting from 1.50% per month

• The total loan procedure can be completed on the app

• Convenient and flexible repayment plans for up to 24 months

• The loan amount can go up to ₹10 Lakh

• The loan is disbursed within 24 - 48 hours

• The minimum income requirement is ₹15,000 for salaried and ₹25,000 for self-employed applicants

26. Dhani Loans and Services

Best for: Personal loans, health subscriptions, and cashback cards in one app.

Dhani is a loan app backed by Indiabulls Ventures, that lets you apply for a personal loan anytime, anywhere. Here are some unique features of this app - 

• Avail unsecured loans with no physical documentation

• Only PAN and address proof are required to be provided for verification

• You can repay the loan within 12 to 84 months

• Loans starting from ₹50,000 to ₹15 Lakh depending on your requirement

• Interest rates start from 12.65% p.a.

27. LoanTap

Best for: Tailored personal loans with flexible EMI plans.

LoanTap offers customized loan options with pocket-friendly EMIs and flexible repayment plans. Given below are some of the features and benefits of LoanTap personal loans -

• LoanTap lends any amount between ₹50,000 to ₹10 Lakh based on the borrower’s requirement

• Once the loan is approved, you will be credited with your loan amount in 24-36 hours

• To qualify for a LoanTap personal loan, you must be an Indian citizen between the ages of 23 and 60, earning at least ₹30,000 per month

• You can make your EMIs more affordable by choosing a flexible repayment plan from 6 months to 60 months

• LoanTap has a transparent loan process and consists of no hidden charges or pre-payment charges

• After 6 months of disbursement, you can switch to an EMI-free loan or an accelerated repayment option, at your convenience

28. RupeeRedee

Best for: Instant cash loans with full digital processing.

This app is an instant loan app that claims to disburse loans in 5 minutes. Here are some salient features of this app - 

• Anyone between the ages of 18 and 65 and with a minimum monthly income of ₹15,000 is eligible for a loan

• You just need your Aadhaar, PAN, and Net banking details to apply

• You can get loans  from ₹2,000 to ₹1,50,000

• You can avail of loans at interest rates between 30% to 36% p.a. 

• Repay with ease through tenures up to 12 months

29. SMFG India Credit

Best for: Reliable personal loans from a reputable NBFC. 

SMFG India Credit gives affordable loans to self-employed and salaried people depending on their eligibility. Let’s look at some of the salient features of this app -

• Apply for loans from the comfort of your home

• The application process is 100% paperless

• No collateral is required as loans are unsecured

• Calculate EMIs before applying on their website

• To be eligible, you need to be between 22 (25, if you’re self-employed) and 65 years old

• The minimum required income to apply is ₹20,000 to ₹25,000, depending on the city you live in

30. PaySense

Best for: Instant personal loans for with flexible repayment and easy eligibility.

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 loans to applicants who are new to borrowing and have no credit history

• You can get a loan amount between ₹5,000 to ₹5 Lakh

• The amount gets disbursed within 4 days of approval

• The interest rate ranges from 14% to 36% p.a. and the tenure can be between 3 - 60 months

• It offers personal loans to both salaried and self-employed applicants

• Paysense also provides reminders, and auto-debit features to help you keep track of EMI payments

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