Personal loans are a great way to fulfill small goals in life. They help you to splurge on a coveted device, or take care of your financial emergencies without having to spend all your savings.

In today’s time, instant loan apps are the best option for personal loans. They process loans much faster as compared to banks, and also require minimal documentation. If you were searching for loan apps in India, read ahead. 

Top 25 Instant Loan Apps in India in 2024

Why waste your time scrolling through descriptions of apps to find out which is the best loan app in India? Here you can find the top online loan apps as well as the interest rate they charge, loan amount and tenure they provide.

We have compiled a list of India’s best, most convenient, and highly flexible loan apps that deliver on their promises. Take a look at the highest rated instant loan apps in 2024!

Sl. no Loan App Interest Rate Loan Amount Repayment Tenure Play Store Rating

1

Moneyview

1.33% p.m. onwards

Rs.5,000 - Rs.10 Lakh 

6 - 60 months

4.7/5

2

MoneyTap

1.08% p.m. onwards

Up to Rs.5 Lakh

3 - 36 months

4.1/5

3

KreditBee

15% - 29.95% p.a. 

Rs.1,000 - Rs.4 Lakh

3 - 24 months

4.6/5

4

PaySense

1.4% - 2.3% p.m.

Rs.5,000 - Rs.5 Lakh

3 - 60 months

3.6/5

5

CASHe

2.50% p.m. onwards

Rs.1,000 - Rs.4 Lakh

3 - 18 months

3.7/5

6

Nira Finance

2% p.m. onwards

Up to Rs.1 Lakh

Up to 12 months

4.3/5

7

Navi

9.9% p.a. onwards

Up to Rs.20 Lakh

Up to 72 months

4.1/5

8

Fibe

14% p.a. onwards

Rs.5,000 - Rs.5 Lakh

Up to 24 months

4.4/5

9

LoanTap

11% - 24% p.a.

Rs.50,000 - Rs.10 Lakh

6 - 60 months

3.6/5

10

mPokket

Up to 4%

Rs.500 - Rs.30,000

Up to 3 months

4.4/5

11

Bajaj Finserv

10.49% p.a. onwards

Up to Rs.40 Lakh

12 - 72 months

4.6/5

12

IDFC First Bank

10.49% p.a. onwards

Rs.20,000 to Rs.40 Lakh

12 - 60 months

4.4/5

13

ZestMoney

14% onwards

Up to Rs.5 Lakh

3 - 36 months

3.9/5

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.

Up to Rs.5 Lakh

Up to 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 features and benefits of the 25 best loan apps in India - 

Moneyview

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

MoneyTap

It is a personal loan app that provides a line of credit to customers, which works as an instant loan or a credit card. 

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 -

KreditBee

KreditBee offers multiple 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 and self-employed applicants. 

Some of the features and benefits are -

PaySense

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 -

CASHe

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 -

Nira Finance

Nira Finance is another loan app that has been making waves in the financial space. This instant personal loan app gives loans up to Rs. 1 lakh in just 3 mins! Take a look at the features and benefits of their flagship product -

Navi

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 -

Fibe

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 you get a loan in just 10 minutes. Check out its salient features and benefits -

LoanTap

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 -

mPokket

mPokket offers secure and instant personal loans for students and salaried individuals in times of cash crunch. It provides pocket-sized personal loans in minutes with low-interest rates sans long-term EMI commitments making it one of the best instant loan apps in India. 

Its features include:

Bajaj Finserv

Bajaj Finserv is an Indian non-banking company that provides a variety of financial services. They have three variants of the personal loan product - flexi term loan, flexi hybrid loan, and term loan. 

Here are some other features of their personal loans - 

IDFC First Bank

IDFC First Bank is a good option for you if you want a significant amount of cash. It is an easy to use app, and here are some of its salient features - 

ZestMoney

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

True Balance

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

Home Credit

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

SmartCoin

SmartCoin is an easy to use lending app for people who are looking for short term loans. Salaried individuals as well as stay-at-home parents, and business owners can avail loans from this app. Here are some features that make it stand out - 

Credy

This loan app can be used to avail instant personal loans in major Indian cities like Bangalore, Chennai, Pune, Mumbai, and Hyderabad. Here are some more features of Credy -

FlexSalary

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

Payme India

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 - 

StashFin

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 - 

Dhani

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 - 

IndiaLends

IndiaLends is a premium cash loan app and has these features - 

Buddy Loan

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

RupeeLend

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

Here are some other key features of the app - 

Upwards

Upwards claims that it is the quickest loan app in India for salaried persons. Here are some more features about the app - 

Conclusion

There are a plethora of personal loan apps, all offering instant disbursals, paperless processes, and flexible repayment options. But to select the best loan app in India, you need to check other important factors such as the eligibility criteria, processing time, tenures available, and whether there are any hidden charges. 

Check all criteria carefully before selecting an instant loan app according to your requirement.

If transparency, convenience, and flexibility is what matters the most to you, then moneyview is the wisest choice! Apart from affordable interest rates, moneyview loans are instant and come with no hidden charges. 

Head over to the moneyview website or download the loans app now and enjoy financial freedom!

Frequently Asked Questions (FAQs)

Instant personal loan apps are the best way to borrow money instantly. This article discusses the top 25 personal loan apps that provide instant loans. Check it out to know more.

If your loan application is approved, the loan amount will be deposited into your bank account.

Yes. Some online lenders offer personal loans to applicants with low credit scores or no credit scores at all. However, they may charge a higher interest rate for such cases. 

Applying for an instant personal loan online is simple and time-efficient. With online loan applications, you can apply anytime and from anywhere without visiting a lender's office or the bank. If your loan application is approved, the loan amount will be deposited into your account right away.

Some online lenders allow you to pre-close a loan after a certain number of EMIs are paid. However, you may be charged a minimum fee for doing so. There are also some lenders who do not charge any prepayment fee.

Every personal loan app has a minimum eligibility requirement that needs to be met before loan approval. Once you meet all the eligibility terms, you can get an instant personal loan easily.

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