Best Personal Loan Apps in India - 2023

Personal loans are a savior in times of financial crisis. However, banks take a really long time to process or even approve loans and moneylenders drive up interest rates to increase their profits.  

Personal loan apps have become the need of the hour to fulfill all financial limitations. With instant loan disbursals, affordable interest rates, and flexible repayment terms, personal loan apps have emerged as the go-to destination for hassle-free and instant cash. 

But, there are numerous apps claiming to be the best loans app in India. This is why we have listed the best instant loan apps that you can trust. 

Here are our top 10 picks for personal loan apps in 2023!

Top 10 Instant Loan Apps in India

Every personal loan app promises a quick sign-up, an easy application process, and an interest rate that is more affordable than every other app in the market. 

However, there are only a few apps that stay true to their word and even fewer that provide features that are truly useful. 

We have compiled a list of India’s best, most convenient, and highly flexible loan apps that deliver on their promises. Take a look!

Loan Apps Name

Interest Rate (per month)

Loan Amount

PlayStore Rating


1.33% onwards



Money Tap

1.08% onwards




1.02% - 2.49% 




1.3% - 2.3%




2.75% onwards

Rs. 1,000-Rs.4,00,000


Nira Finance

1.67% to 2.25%

Rs. 2,500-Rs.1,00,000



0.8% to 3.75%

Rs. 5,000-Rs.20,00,000



1% to 2.5%

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



1.25% to 2%




0% to 4%

Rs.500 - Rs.30,000


Features and Benefits of the Best Instant Loan Apps In India

While there are a number of personal loan apps in the market today, we have chosen the top 10 best loan apps based on convenience and popularity. Here are the features and benefits the apps offer -


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


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 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 self-employed applicants and salaried applicants. Some of the features and benefits are -


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 -


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 -


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 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 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 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:


In India, there are a plethora of personal loan apps, all offering instant disbursals, a paperless process, and flexible repayment options. 

The best loan apps, however, also include other important factors such as extensive eligibility criteria, quick processing of documents, freedom of the usage of funds, transparency in the process, and no hidden charges. 

When deciding which personal loan app to choose, check for all the necessary features and pick the one that works best for you. 

If transparency, convenience, and flexibility are what matters the most to you, then moneyview loans are the best and wisest choice for you! Apart from being pocket-friendly, moneyview loans are instant and come with no hidden charges. Head over to the moneyview website or download the loans app now to enjoy extreme financial freedom!

Frequently Asked Questions (FAQs)

Instant personal loan apps are the best way to borrow money instantly. Above, we have mentioned the top 10 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.

Applying for an instant personal loan online is simple and time-efficient. With online loan applications, you can apply at any time and from anywhere without visiting a lender's office or 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 EMI payments are done. However, you may be charged a minimum fee for doing so. There are also some lenders who do not charge a pre-payment fee.

Every personal loan app has a minimum eligibility requirement that needs to be met before loan approval. Only if you meet all the eligibility terms, you will qualify for the loan.


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