30 Best Instant Loan Apps in India

What are the Features and Benefits of the Top 15 Loan Apps?

1. Moneyview: UPI, Personal Loans 

Moneyview is one of the most popular and best-rated digital lending apps in India. It offers unparalleled benefits and features to its customers. Some of these include -

• The loan amount is credited directly to your bank account once the application is approved

• Check your eligibility criteria in just 2 minutes from anywhere in the country, anytime

• The documentation requirement is minimal 

• Loan amounts range between ₹5,000 and ₹10 Lakh

• Interest rates start from just 14% per annum, with flexible repayment tenures of up to 60 months

• The processing fee starts from 2% of the loan amount

• Moneyview’s partner lenders do not ask for collateral, and you can choose to repay the loan through auto-debit EMIs

• Moneyview’s partner lenders’ credit rating model allows applicants with low credit scores to avail themselves of a loan

• To be eligible for a loan, you should be aged between 21 and 57, and earn a minimum of ₹25,000

• Your income must be credited directly to your bank account, and you must have a CIBIL score of 650

Contact Details - 

• 080 6939 0476

• care@moneyview.in 

Source: Moneyview Official Play Store listing

2. Bajaj Finance: UPI & Loan App

Bajaj Finance is an Indian non-banking company that provides a variety of financial services. You can even shop offline using their easy EMIs. Here are some other features of their instant personal loans - 

• You can complete the whole process right from the comfort of your home

• Avail personal loans from ₹40,000 to ₹55 Lakh

• Processing charges up to 3.93% of the loan amount (inclusive of taxes)

• To be eligible, you should be between the ages of 21 and 80 years (Please note that you have to be 80 years old or younger at the end of the tenure)

• Affordable interest rates ranging from 10% to 31% p.a. and tenures from 12 to 108 months

Contact Details -

• 86980 10101

• Customer Portal 

Source: Bajaj Finance Official Play Store listing

3. Buddy Loan - Personal Loan App

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 - 

• Get loan offers up to ₹50 Lakh

• Interest rates start at 11.99% p.a. 

• Loan approval within 3 minutes

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

• Any Indian resident between the ages of 21 and 60 years, having a minimum monthly income of ₹15,000 if salaried, is eligible to apply

• If you are self-employed, you need the company’s annual turnover as per the lender’s requirements

Contact Details - 

• 080-47097512 

• info@buddyloan.com 

Source: Buddy Loan Official Play Store listing and Buddy Loan Official Website  

4. LazyPay: Loan App & Pay Later

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.

• Tenures ranging from 3 to 60 months

• 100% paperless procedure

• You can choose repayment tenures ranging from 3 to 60 months

• Buy Now Pay Later options, pay utility bills, and purchase gift cards

• Track your vehicle challans, PUC, and insurance 

Contact Details - 

• 02269821111 

• wecare@lazypay.in 

Source: LazyPay Official Play Store listing and LazyPay Official Website

5. Piramal Finance - Loans & More

Piramal Finance is an NBFC registered with the RBI. Let’s see the unique features and benefits of this app -

• Get loan amounts ranging from ₹25,000 to ₹5 Lakh through a fully digital process

• Comfortable tenures up to 60 months 

• Interest rates start at 12.99% p.a.

• To be eligible, you should have a minimum monthly income of ₹25,000 

• Quick disbursals and no co-signer or guarantor required

Contact Details - 

• 1800-266-6444 (Toll-free)

• +91 7799000390 (WhatsApp)

• customercare@piramal.com  

Source: Piramal Finance Official Play Store listing

6. Zype Instant Personal Loan App

Through Zype, you can get an instant cash loan transferred to your bank account in less than 10 minutes. Let’s look at some more features of this app - 

• Completing a loan application takes only 6 minutes

• Get fast loan decisions within 60 seconds 

• Interest rates start at only 1.5% per month 

• Processing fee ranges from 2% to 6% of the loan amount

• 24x7 dedicated customer support & loan assist 

• To be eligible, you have to be a salaried professional with a monthly salary of ₹15,000

• You should have a valid PAN & Aadhaar to be eligible

Contact Details - 

• 080 3501 8179 

• support@getzype.com 

Source: Zype Official Play Store listing 

7. Kissht Quick Personal Loan App

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

• Personal loans from ₹10,000 to ₹5 Lakh

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

• Multiple ways to pay EMIs

• Approvals and disbursals within minutes

• Business loans and loans against property are also available

• To be eligible, you have to be an Indian citizen, between 21 and 60 years of age

Contact Details - 

• 080 44745884

• 080 62816309

• care@kissht.com 

Source: Kissht Finance Official Play Store listing

8. True Balance - Loan App & UPI

True Balance is dedicated to the mission of "Finance for All". Read about some major features of the app - 

• 24*7 access to credit and digital payments to merchants 

• The interest rates start from 2.40% per month

• The APR for all loans disbursed ranges from 28.8% to 78% 

• Processing fee up to 8.4% of the loan amount

• You can borrow an amount up to ₹5 Lakh

• Repay the amount at your own pace with tenures between 6 and 48 months

Contact Details - 

• (0120)-4001028

• cs@balancehero.com 

Source: True Balance Official Play Store listing and True Balance Official Website

9. Tata Capital Loan App & Wealth

The Tata Capital Loan app is a one-stop solution for all your wealth management and instant loan needs. Here are some of the features and the benefits of this app -

• Along with loans, you can track your investments and manage all your finances in one place

• Get personal loans up to ₹10 Lakh

• Interest rates start at 10.99% p.a.

• Enjoy repayment tenures from 12 to 84 months

• Processing fees start at ₹1,499 + GST for your personal loan application

• Collateral-free loans

• Part prepay up to 25% of the disbursed amount without any charges

• To be eligible, you should be between the ages of 21 and 58, your minimum monthly income should be ₹15,000, and you should have a minimum of 1 year of working experience

Contact Us

• 1860 267 6060 (Retail)

• 1860 210 7477 (Corporate)

• 1860 267 6060 (Retail), 1860 210 7477 (Corporate)

• customercare@tatacapital.com 

Source: Tata Capital Official Play Store listing

10. KreditBee: Personal Loans, UPI

KreditBee offers many products to its customers. Here are some features and benefits of their personal loans -

• You can get a loan amount between ₹6,000 and ₹10 Lakh

• The interest rate ranges from 12.00% to 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

• To be eligible, you have to be an Indian national over the age of 21, and must have a steady monthly income

Contact Details - 

• 08044292200

• 08068534522 

• help@kreditbee.in  

Source: KreditBee Official Play Store listing and KreditBee Official Website

11. Navi: UPI, Payments, Insurance

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 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 29.96% 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

Contact Details - 

• +91 81475 44555 

Source: Navi Official Website

12. Lendingplate - Personal Loan App

Headquartered in New Delhi, you can use their platform to apply for loans from anywhere in the country. They give loans to both salaried and 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 be at least 21 years old

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

• Processing fees range from 1% to 5% of the loan amount

• You get a free-look period of 3 days, and you can return your loan without any charges if you did not enjoy the experience 

Contact Details - 

• +91 7373737316

• care@lendingplate.com 

Source: Lendingplate Official Play Store listing

13. Pocketly Instant Personal Loan

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 2% to 3% per month

• Loan tenures range from 61 days to 9 months

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

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

• Once KYC is approved, the loan amount is disbursed into the bank account within seconds

Contact Details - 

• +918904051555 (WhatsApp)

• +918064893000 (Call)

• care@support.pocketly.in  

Source: Pocketly Official Play Store listing and Pocketly Official Website

14. Finnable: Loan & Credit Score 

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 -

• Get instant personal loans from ₹25,000 to ₹10 Lakh 

• Interest rates start from 15% to 30.99% p.a.

• The loan is disbursed within 60 minutes

• EMIs are calculated using the reducing balance method

• Repayment terms range from 6 to 60 months

• You can complete the whole process digitally

Contact Details - 

• makeiteasy@finnable.com  

Source: Finnable Official Play Store listing

15. Personal Loan App by Fibe

Fibe offers attractive personal loans, financial freedom, and flexibility. The best part about Fibe is that you can get a loan instantly, in just 2 minutes. Check out its salient features and benefits -

• Fibe offers personal loans up to ₹10 Lakh

• 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

• Fibe is available 24*7, i.e., you can apply for a loan at any time and get instant disbursal

• You can repay the loan in easy instalments that span from 6 to 36 months

• Interest rates start from 16.75% p.a., and processing fees range between 3% to 3.5% of the loan amount

Contact Details - 

• 020 67639797

• care@fibe.in 

Source: Fibe Official Play Store listing

16. Stashfin UPI, Pay Bills, Loans

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 up to ₹5 Lakh

• Zero foreclosure or prepayment charges 

• Enjoy an interest-free period up to 30 days, after which the rate of interest starts from 11.99% p.a., based on your eligibility

Contact Details - 

• +91 9289108566

• 0124 6981222 

• grievance.officer@stashfin.com  

Source: Stashfin Official Play Store listing and Stashfin Official Website

17. CASHe: Quick Personal Loan App

Are you a salaried individual looking for an urgent loan? Then the CASHe Instant Loan app is a great option for you! 

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

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

• Repayment terms vary from 3 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 

• To be eligible, you should be between the ages of 21 and 55

• You only need your PAN card, Aadhaar card/Passport/Voter ID as identity proof, utility bill/driving licence as address proof, last 3-month bank statements showing salary credit, and a recent selfie to apply for a loan

Contact Details - 

• Grievance@bhanix.in  

• support@cashe.co.in  

• support@bhanix.in  

Source: CASHe Official Play Store listing and CASHe Official Website

18. FlexSalary Instant Loan App 

Operating 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 - 

• The minimum income requirement to be eligible for a loan is ₹8,000

• Affordable, easy EMIs based on interest rates ranging from 20% to 70% APR

• 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

Contact Details - 

• +91 40 4617 5151

• support@flexsalary.com 

Source: FlexSalary Official Play Store listing

19. Lenditt: Personal Loan App

This online loan app company is situated in Ahmedabad, Gujarat, and provides a range of services. It is available on the Galaxy Store, as well as the App Store and the Play Store. 

Here are some features of the personal loan app -

• Get loans from ₹10,000 to ₹3 Lakh

• Repayment tenures from 3 to 12 months

• 100% digitized procedure

• 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 ₹20,000

• To be eligible, you have to be an Indian citizen between the ages of 21 and 55, and have valid government proofs (Aadhaar & PAN card)

Contact Details - 

• +91 7862839654 

• support@lenditt.com

Source: Lenditt Official Play Store listing

20. PayMe: Quick Personal Loan App

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

• Same-day loan disbursals

• To be eligible, you need to be at least 21 years of age and an Indian resident

Contact Details - 

• 0120 697 1400

Source: PayMe Official Play Store listing and PayMe Official Website

21. Freo - UPI, Insurance, Loans

Freo is an all-in-one money app where you can pay, invest, borrow, and insure. Take a look at some of the other benefits of this app -

• 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

• 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.

Contact Details - 

• hello@freo.money 

Source: Freo Official Play Store listing

22. Hero Digital Lending & UPI App 

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

Contact Details - 

• 1800 102 4145

• customer.care@herofincorp.com  

Source: Hero Official Play Store listing

23. DMI Finance: Online Loan App

DMI Finance is a loan app that provides a digital, secure, and simple way to apply for a loan online. Let’s look at some of their features and benefits - 

• Loans ranging from ₹50,000 to ₹10 Lakh

• Repay from 12 to 60 months

• To be eligible, your minimum household income should be ₹3 Lakh per year

Contact Details - 

• 08064807777

• customercare@dmifinance.in 

Source: DMI Finance Official Play Store listing

24. Olyv: Loans & Credit Score

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

Here are some features that make it stand out - 

• All documentation can be completed online

• To be eligible, your minimum age should be 21

• Loans available up to ₹5 Lakh that can be repaid within 2 to 24 months

• Affordable interest rates starting from 1.5% per month onwards

Contact Details - 

• 91483 80504

• help@smartcoin.co.in 

Source: Olyv Official Play Store listing and Olyv Official Website

25. mPokket: Instant Loan App

mPokket offers secure and instant personal loans for students, salaried individuals, 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 - 

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

• Get loans up to ₹2 Lakh

• The repayment tenure ranges from 6 to 24 months

• The interest rates range from 1.58% to 3% per month

• To be eligible, you need to be 18+ years old and an Indian national

Contact Details - 

• support@mpokket.com 

Source: mPokket Official Play Store listing and mPokket Official Website

26. Branch Instant Personal Loan

Also operational in Kenya and Nigeria, Branch started its operations in India in 2019. By 2024, it had crossed a ₹500 Crore loan book in India. Let us look at some of its key features -

• Get loans up to ₹5 Lakh and repay between 4 and 24 months tenures

• Interest rates range from 12% to 66% p.a.; APR ranges from 20% to 50%

• Get the loan amount in your bank in 2 minutes

• 100% paperless applications

• To be eligible, you have to be an Indian citizen over the age of 18

Contact Details - 

• +91 86559 37429 

• india@branch.co   

Source: Branch Official Play Store listing

27. RupeeRedee - Personal Loan App

This app is an instant loan app that claims to disburse loans in 10 minutes. Here are some salient features of this app - 

• Anyone above the age of 20 with a minimum monthly income of ₹25,000 is eligible for a loan

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

• You can avail of loans at interest rates starting from 2.3% to 4.8% per month; APR ranges from 32% to 64%

• Repay with ease through tenures ranging from 91 to 720 days

• Processing charges start from 1,5% of the loan amount, inclusive of GST

Contact Details - 

• 0124-6914100 

• care@rupeeredee.com 

Source: RupeeRedee Official Play Store listing and RupeeRedee Official Website

28. PayRupik Instant Personal Loan

PayRupik is an instant loan app, one of the top loan apps in India. Here are some features that set it apart from other apps -

• Eligible users can get loans of up to ₹2.5 Lakh

• You can repay the loan between 91 and 180 days

• The Annual Percentage Rate is 25.04%

• To be eligible, you must be an Indian national, more than the age of 20, and have a stable source of income

Contact Details - 

• 02248930118 

• service@payrupikloan.in  

Source: PayRupik Official Play Store listing

29. NIRA Instant Personal Loan App

NIRA is building financial empowerment by offering financial products to everyone with the use of technology. Here are some of the features of the app -

• Get loans from ₹5,000 to ₹1.5 Lakh

• Processing fees range between 2% to 7% of the loan amount

• APR ranging from 24% to 36%

• No prepayment fees up to 7 days of loan disbursal; 4% after 7 days

• No late fee for up to 30 days of late payments, ₹500 after 30 days

• To be eligible, you have to earn a minimum salary of ₹15,000 and be between the ages of 22 and 59 years

Contact Details - 

• 7259947885

• support@nirafinance.com 

Source: NIRA Official Play Store listing and NIRA Official Website

30. PaySense: Personal Loan App

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 -

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

• The amount gets disbursed within minutes

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

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

• To be eligible, you must be a resident of India between the ages of 21 and 60

Contact Details - 

• support@gopaysense.com 

Source: PaySense Official Play Store listing

How to Choose The Right Loan App?

Which loan app is the best is a question of your specific requirements. Due to your income, CIBIL score, and other criteria, you might be better suited for a loan from a specific app. But how to choose the one that fits your needs? In fact, how to know which loan app is worth your time? Let’s look at some points - 

• Transparency

Check if the app is upfront about rates of interest, processing fees, penalties for missed EMIs, foreclosure and cancellation charges, charges for NACH or cheque bounce, etc.

Read through their documents and the final loan agreement. Avoid applying for a loan until you are clear of all the charges related to your loan.

• Ease of Application 

The speed of loan approval and disbursal may often depend on your eligibility criteria. However, the application process should not be cumbersome. It should be easy to navigate, and you should be able to go through the application journey without any assistance. 

Check how you have to submit documents; is it paperless? Also, don’t forget to check what documents are supported as proof of address, income, and identity. This will help you choose between loan apps. 

• Human Support 

Make sure there is a way to connect with a human executive if there is any trouble. Also, check if they have a physical office, working phone numbers, etc. 

• Repayment 

Check if the repayment tenures are flexible and if you are allowed to close your loan before the time. Don’t forget to check the foreclosure charges and any other rules related to your loan repayment. Having the option to change your EMI date is also a useful feature you can look for.

• Regulation

A good loan app should openly mention its partner lenders and whether they partner with RBI-registered NBFCs and licensed banks. Genuine apps will also not ask for unnecessary access to your contacts, gallery, etc. 

How to Apply for a Personal Loan Through an Online Lending App?

The steps to apply for a personal loan will vary based on the app you choose. However, most of them follow this basic journey - 

STEP 1: Download the app and log in using your mobile number that is connected to your banking accounts.

STEP 2: Check eligibility and select the amount and tenure from the options provided to you.

STEP 3: Upload your documents and verify them.

STEP 4: Sign the loan agreement to get the funds disbursed.

What are the Eligibility Criteria and Documents Required to Apply for a Personal Loan?

Just like the steps to apply for a loan vary based on the platform, your eligibility criteria and documents required will be under the sole discretion of the loan app you choose. However, here are some general eligibility criteria that most apps look for -

• Age: Candidate should be between the ages of 21 and 60.

• Type of Employment: Candidate should be employed, either self-employed or salaried. 

• Income: The monthly income requirements to avail of a loan range between ₹15,000 and ₹ 25,000. 

• Credit Score: Candidate should have a minimum CIBIL score of 650 to 700.

Now, let’s look at the documents most apps ask for -

• A clear selfie

• Online KYC completion

• Proof of identity

• Proof of address

• Proof of income

To Sum Up: Why Have Loan Apps Become So Popular in India?

According to data, digital lending platforms facilitated personal loans worth ₹15,000 Crore in 2022-23. This is a 120% growth compared to the previous years. 

Digital lending platforms are getting increasingly popular due to the convenience they offer. 

• You don’t need to go to any physical branch and can apply for funds from anywhere in the country. 

• eKYC assists in paperless applications and quick approvals. 

• You can apply right from the comfort of your home, with a few clicks on your smartphone. 

• You can check your eligibility, loan application, approvals, EMIs, and everything on the app easily. 

If you are looking for a well-rounded, top-rated app for all your financial needs, try Moneyview. To check your eligibility and apply, download the Moneyview app right now.