Top 50 Instant Personal Loan Apps in India

Top 50 Instant Personal Loan Apps in India

A smartphone with a heart symbol shining on the screen.


In the fast-paced financial landscape of India, instant personal loan apps have emerged as a revolutionary force. These digital platforms offer you quick access to funds with minimal paperwork and approval times that are often astonishingly swift. The allure of these apps lies in their convenience – they can be accessed anytime, anywhere, and the application process is typically straightforward and user-friendly. As a result, a diverse array of instant personal loan apps have flourished, catering to various needs and demographics.

This surge in popularity has led to a competitive marketplace with an abundance of options. Choosing the right app can be daunting, which is why a carefully curated list of the top 50 instant personal loan apps in India becomes indispensable. These apps have been selected based on a range of criteria, including user ratings, features offered, and real customer experiences. This ensures that you get reliable information to make an informed decision when selecting an app for your borrowing needs.

Key Criteria for Selecting the Best Instant Personal Loan Apps

When choosing your ideal instant personal loan app, it’s essential to consider a few key aspects. These criteria not only help to identify the most reliable and beneficial apps but also ensure a positive borrowing experience. Here are some of the critical factors:

  1. Popularity: The number of users an app has can indicate its reliability and user-friendliness. A popular app is more likely to have undergone rigorous testing, resulting in fewer glitches and a smoother user experience.
  2. User Ratings and Reviews: These provide invaluable insights into the potential advantages and drawbacks of an app from those who have used it firsthand. High ratings and positive reviews generally reflect good customer satisfaction.
  3. Features: The best instant personal loan apps offer unique features that set them apart from their competitors. For example, some apps might offer flexible repayment options, while others might boast rapid approval times.
  4. Customer Support: Responsiveness and the ability to resolve issues promptly and effectively are crucial factors in any financial service. Good customer support can greatly improve your borrowing experience.
  5. Interest Rates: While most instant personal loan apps have higher interest rates than traditional banks due to their quick disbursement and minimal documentation requirements, it’s still important to look for competitive rates.
  6. Security: The app should have robust security measures in place to protect your sensitive personal and financial information.

These criteria were used as a basis to curate this comprehensive list of top instant personal loan apps in India. It’s worth mentioning that while an app may be highly rated overall, it might not necessarily meet your specific needs or preferences. Therefore, it is essential to consider these factors according to your individual requirements before making a choice.

List of the Top 50 Instant Personal Loan Apps in India (2024)

India’s fintech landscape is full of choices for those looking for fast financial help. The year 2024 showcases a variety of instant personal loan apps, each competing for attention with unique features. Here is a list of the top 50 instant personal loan apps you should consider:

1. Moneyview

  • Disbursal: Within 24 hours
  • Loan Amount: Rs.5,000 to Rs.10 Lakh
  • Interest Rate: Starts at 1.33% per month
  • Visit Moneyview

2. MoneyTap

  • Credit Line: Up to Rs.5 Lakh
  • Interest Rate: From 1.08% per month
  • Repayment Tenure: 3-36 months
  • Check MoneyTap

3. KreditBee

  • Loan Options: Flexi and Personal Loans
  • Loan Amount: Rs.1,000 to Rs.4 Lakh
  • Disbursal Time: Within 10 minutes
  • Try KreditBee

4. PaySense

  • Loan Amount: Rs.5,000 to Rs.5 Lakh
  • Interest Rate: 1.4% – 2.3% per month
  • Repayment Tenure: 3-60 months
  • Login to PaySense

5. CASHe

  • Loan Amount: Rs.5,000 to Rs.5 Lakh
  • Interest Rate: 1.4% to 2.3% per month
  • Repayment Tenure: 3-60 months
  • Check CASHe

6. Nira Finance

7. Navi

  • Loan Amount: Up to Rs.20 Lakh
  • Repayment Tenure: Up to 72 months
  • Get Navi Loan

8. Fibe (formerly EarlySalary)

  • Loan Amount: Rs.5,000 to Rs.5 Lakh
  • Approval Time: In just 10 minutes
  • Check Fibe

List of the Top 50 Instant Personal Loan Apps in India

Below is a list of RBI Approved Loan Apps In India, which are approved by RBI:

S. No.RBI Registered Loan Apps in India Credit LimitInterest RateDownloads
1Kreditbee Instant Loan AppLoan up to 5 LakhStarting 16% p.a.5 Cr+
2Kreditzy Instant Loan AppLoan up to 1 LakhStarting 8% p.a.50 Lakh+
3PaysenseLoan up to 5 LakhsStarting 6% p.a.1 Cr+
4NAVILoan up to 20 LakhsStarting 9.9 p.a.5 Cr+
5Lazypay(Credit Line + Personal Loan)Loan up to 1 LakhsStarting 18% p.a.1 Cr+
6FreopayLoan up to ₹100000% for 30 Days10 Lakh+
7StashfinLoan up to 5 LakhStarting 11.99 p.a.1 Cr+
8Dhani Loan AppLoan up to 15 LakhStarting 13.99 p.a.5 Cr+
9NIRA Instant Loan AppLoan up to 1 LakhStarting 2% per month1 Cr+
10Branch Loan AppLoan up to 1 LakhStarting 2% per month1 Cr+
11Olyv(Formerly SmartCoin)Loan up to 5 LakhsStarting 1.5% per month3 Cr+
12Rupeek App (Gold Loan)Loan up to 50 LakhsStarting 9.7 p.a.5 Lakh+
13Paytm Personal LoanLoan up to 5 LakhStarting 18% p.a.50 Cr+
14True BalanceLoan up to 1 LakhStarting 2.4% per month5 Cr+
15Zest Money (Consumer Loan)Loan up to 5 LakhStarting 14% p.a.1 Cr+
16Tata CapitalLoan up to 35 LakhStarting 10.99% p.a.10 Lakh+
17Tata Neu App (Qik Personal Loan)Loan up to 10 LakhStarting 10.49% p.a.5 Cr+
18imobile Pay LaterLoan up to 50 LakhStarting 10.49% p.a5 Cr+
19SBI YONO APPLoan up to 30 LakhStarting 10.49% p.a10 Cr+
20IDFC FirstmoneyLoan up to 10 LakhStarting 10.99 % p.a.1 Cr+
21Bajaj Finserv AppLoan up to 50 LakhStarting 11 % p.a.10 Cr+
22Rufilo Loan AppLoan up to 36000Starting   18 % p.a.50 Lakh+
23IBL FINANCE AppLoan up to 50000Starting 15% p.a10 Lakh+
24Fibe (Formerly Early Salary)Loan up to 5 LakhStarting 16% p.a1 Cr+
25Money ViewLoan up to 10 LakhStarting 16% p.a5 Cr+
26CASHeLoan up to 4 LakhStarting 2.5% p.m1 Cr+
27mPokketLoans up to 45,000starting 2% p.m1 Cr+
28MoneyTapLoan up to 5 LakhStarting 13% p.a1Cr+
29FairMoneyLoans up to 60,000Starting 12% p.a1 Cr+
30KreditOneLoan up to  2 LakhStarting 16% p.a50K+
31FlexSalary Instant Loan AppLoan up to  3 LakhStarting 18% p.a50 Lakh+
32DigiMoney– Online Loan AppLoan up to  1 LakhStarting 12% p.a1 Lakh+
33IndialendsLoan up to  5 LakhStarting 10.25% p.a.50 Lakh+
34Kissht: Instant Line of CreditLoan up to  2 LakhStarting 18% p.a1 Cr+
35IndusMobile: Digital BankingLoan up to  2 LakhStarting 10.49% p.a.1 Cr+
36InstaMoney Personal LoanLoan up to ₹50,000Starting from 24% p.a.10M+
37Fullerton India Credit Company LimitedLoan up to  25 LakhStarting 11.99% p.a.50T+
38LoanFrontLoan up to  2 Lakhmaximum 36% p.a.50L+
39PocketlyLoan up to ₹50,0001% to 3% per month10L+
40PayRupik– Online Loan AppLoan up to ₹25,00018-22%5M+
41Money TapLoan up to  5 LakhStarting 13% p.a1 Cr+
42LendingplateLoan up to  2 LakhStarting 12% p.a10 Lakh +
43ZypeLoan up to  5 LakhStarting 18% p.a10 Lakh +
44Buddy LoanLoan up to  15 LakhStarting 11.99% p.a1 Cr+
45LoanTapLoan up to 10 LakhStarting 10.80% p.a.10 Lakh +
46Capital NowLoan up to50,000Starting 24% p.a.1 Lakh +
47PaymeLoan up to 5 LakhStarting 1.5% p.m.1 Cr+
48Credit++Loan up to ₹35,000Starting 0.3% p.d.5 Lakh + 
49FinnableLoan up to 10 LakhStarting 16% p.a.10 Lakh +
50Planet by L&TLoan up to 7 LakhStarting 12% p.a.50 Lakh +
51Piramal FinanceLoan up to 5 LakhStarting 12.99% p.a.5 Lakh +
52FlexPayLoan up to3 LakhStarting 18% p.a.10 Lakh +
53LoanfrontLoan up to 2 LakhStarting 12% p.a.50 Lakh +
Best Instant Personal Loan Apps in India

List of the Top 50 Instant Personal Loan Apps in India

These apps are selected based on their popularity, user ratings, features, customer reviews, and other key considerations that ensure you have a positive borrowing experience.

With options ranging from low-interest rates to quick disbursement times and flexible repayment terms, each app brings something unique to the table.

By presenting this comprehensive list complete with standout features and download links, you gain access to a valuable resource that simplifies the decision-making process when it comes to securing an instant personal loan in India.

Understanding Instant Personal Loan Apps

Instant personal loan apps have changed the way people borrow money. They offer a fast and convenient alternative to traditional banking. These digital platforms make borrowing quick and easy, providing access to funds when you need them most. But what sets these apps apart? Let’s take a closer look at how they work and the important features you should consider.

How Instant Personal Loan Apps Work

Instant personal loan apps operate on a simple principle: using technology to speed up the loan approval and disbursement process. Here’s an overview of their typical process:

  1. Download and Register: Start by downloading the app from your app store and signing up with your personal information.
  2. Submit Documents: The app will ask you to upload necessary documents such as proof of identity, address, and income directly through the interface.
  3. Verification Process: Your documents and creditworthiness are checked either through advanced algorithms or manual review.
  4. Loan Approval: If you meet the requirements, you’ll receive instant approval with clear details about the loan terms.
  5. Get the Money: Once you accept the offer, the funds will be transferred directly to your bank account, sometimes within minutes.

Key Features to Consider in Instant Personal Loan Apps

When choosing an instant personal loan app, it’s important to evaluate the following features to ensure it meets your financial needs:

1. Seamless Application Process

Look for apps that provide a user-friendly application process that is easy to understand and navigate. Specifically, pay attention to:

  • Minimal Documentation: Find apps that require minimal paperwork for a hassle-free experience.
  • Quick Verification: Choose services that promise fast document verification using AI or other efficient methods.

2. Flexible Repayment Options

Financial flexibility is crucial when it comes to loans. Make sure the app offers:

  • Multiple Tenure Options: Whether you need a short-term or long-term loan, having options helps you manage repayments better.
  • Prepayment Facilities: Some apps allow you to repay the loan early without charging any extra fees – this is a feature worth considering.

3. Secure Data Encryption

Since financial transactions involve sensitive information, it’s essential to prioritize data security. Look for:

  • End-to-end Encryption: This ensures that all data shared within the app is protected against unauthorized access.
  • Compliance with Regulations: Always choose apps that comply with local data protection regulations.

4. Transparent Terms

To avoid any surprises later on, it’s crucial to have a clear understanding of the loan terms. Specifically, look for:

  • No Hidden Costs: The app should clearly disclose any additional fees or charges associated with taking out a loan.

5. Customer Support Services

Having reliable customer service can be a lifesaver if you encounter any issues or have questions about the app. Check for:

  • 24/7 Support: Accessible customer care ensures that help is available whenever you need it.

6. Eligibility Checkers

Some apps provide tools to check your eligibility before applying for a loan. This feature offers:

  • Instant Feedback: By using an eligibility checker, you can save time and avoid applying for loans that you may not qualify for.

7. EMI Calculators

Tools that help calculate monthly installments can assist in your financial planning. Look for apps with:

  • Customizable Inputs: Being able to adjust the loan amount and tenure will give you a better understanding of different repayment scenarios.

By considering these features, you can make a more informed decision when selecting an instant personal loan app that suits your needs.

Advantages and Disadvantages of Availing Loans Through Instant Personal Loan Apps

The rise of instant personal loan apps has changed the way people borrow money in India. These platforms use advanced technology and algorithms to offer quick approval processes for immediate funding needs.

Advantages of Instant Personal Loan Apps

Here are some benefits of using instant personal loan apps:

  1. Convenience: You can apply for a loan anytime, anywhere, without visiting a bank or filling out long forms. The entire process is digital, from application to approval, making it a convenient option for urgent financial requirements.
  2. Accessibility: These apps are available to both salaried and self-employed individuals, making it easier for a wider range of people to get loans. Some apps even provide loans to applicants with no credit history.
  3. Flexible repayment options: Most instant personal loan apps offer different repayment periods, allowing you to select a plan that fits your financial situation.

Disadvantages of Instant Personal Loan Apps

While there are advantages to using these apps, it’s important to be aware of the potential downsides as well:

  1. High-interest rates: Compared to traditional banks, most instant personal loan apps have higher interest rates because unsecured loans carry more risk.
  2. Privacy risks: Although reputable loan apps prioritize data security, there’s always a risk when sharing sensitive information online. It’s essential to choose a trusted app with robust data encryption.
  3. Hidden charges: Some instant personal loan apps may have undisclosed fees mentioned in their terms and conditions. Always read the details carefully before proceeding with the loan application.

By understanding both the benefits and possible drawbacks, you can make an informed decision about whether using an instant personal loan app is the right choice for your borrowing needs.

Exploring the Top 7 Instant Personal Loan Apps in Detail

To help you navigate through the crowded space of instant personal loan apps, we’ve cherry-picked the top 25 and delved deeper into their features and offerings. Each app has been evaluated on key parameters such as loan disbursement time, interest rates, loan amounts, repayment tenures, eligibility criteria, and customer support.

1. MoneyView

  • Loan Disbursement Time: Loans are disbursed within 24 hours.
  • Interest Rate: Offers loans at 1.33% per month.
  • Loan Amount: Range from Rs.5,000 to Rs.10 Lakh.
  • Repayment Tenure: Flexible repayment options.
  • Eligibility Criteria: No collateral required.
  • Customer Support: Reliable customer service.

2. MoneyTap

  • Loan Disbursement Time: Provides a line of credit instantly.
  • Interest Rate: Interest only on the used amount at 1.08% per month.
  • Loan Amount: Up to Rs.5 Lakh.
  • Repayment Tenure: Flexible tenure between 3 to 36 months.
  • Eligibility Criteria: Minimal documentation required.
  • Customer Support: Efficient customer service.

3. KreditBee

  • Loan Disbursement Time: Loans are disbursed in just 10 minutes.
  • Interest Rate: Competitive interest rates.
  • Loan Amount: Offers flexi personal loans from Rs.1,000 to Rs.4 Lakh.
  • Repayment Tenure: Customizable tenures as per borrower’s convenience.
  • Eligibility Criteria: Both salaried and self-employed applicants can apply for loans.
  • Customer Support: Prompt and helpful customer support team.

The list continues with other top-notch apps that offer quick and hassle-free personal loans in India.

4. PaySense

  • Loan Disbursement Time: Swift loan approval process.
  • Interest Rate: Varies between 1.4% – 2.3% per month.
  • Loan Amount: Offers loans from Rs.5,000 to Rs.5 Lakh.
  • Repayment Tenure: Flexible tenure options ranging from 3 to 60 months.
  • Eligibility Criteria: Provides loans to applicants with no credit history.
  • Customer Support: Features reminders and auto-debit features for EMI payments.

5. CASHe

  • Loan Disbursement Time: Instant approval for urgent loans.
  • Interest Rate: Ranges between 1.4% – 2.3% per month.
  • Loan Amount: Loans range from Rs.5,000 – Rs.5 Lakh.
  • Repayment Tenure: Flexible tenure options between 3 to 60 months.
  • Eligibility Criteria: Uses Social Loan Quotient for eligibility assessment, caters to salaried individuals.
  • Customer Support: Responsive customer support team.

Moving on, we have some more top-rated instant personal loan apps that are worth considering.

6. Nira Finance

Nira Finance offers personal loans with features like quick approval, flexible repayment options, and competitive interest rates. They typically cater to individuals who might have difficulty obtaining loans from traditional banks due to lack of credit history or low credit scores. Additionally, they may offer online application processes for convenience. However, it’s always best to check their latest offerings and terms directly from their website or customer service.

7. Payme India

PayMe India is a financial services company specializing in providing quick, short-term loans to individuals. With a simple application process and fast approval, PayMe India offers accessible financial solutions to those in need of immediate funds. Their services typically include competitive interest rates, flexible repayment options, and no requirement for collateral, making them a convenient choice for individuals seeking quick financial assistance.


Instant personal loan apps in India are a game-changer when it comes to accessing quick funds. They remove the traditional obstacles of borrowing, like long approval times and complex paperwork. Instead, they offer a convenient, digital-first, and customer-centric approach to lending.

These apps stand out for their ability to offer loans that are:

  • Quickly Approved: Most of these apps promise to disburse the loan within 24 hours.
  • Flexible to Repay: They provide options to repay the loan over different periods, ranging from a few months to a few years.
  • Available in Various Amounts: Borrowers can select the loan amount they need, starting from small microloans of a few thousand rupees to larger amounts in lakhs.

But with so many options available, choosing the right app can be overwhelming. That’s why we’ve done the work for you by curating this list of top 50 instant personal loan apps, along with detailed reviews of the top 25.

Before you decide on an app, here are some things to consider:

  1. Evaluate your borrowing needs
  2. Compare interest rates
  3. Assess the repayment options
  4. Read customer reviews

Take a look at these highly-rated apps and find the one that fits your financial goals best. This way, you can make the most of technology for your instant personal loan requirements in India.

Contact Us for Free Consultation: Submit Your Queries.

Read our latest blog articles.

Thank You

1 thought on “Top 50 Instant Personal Loan Apps in India”

  1. you are truly a just right webmaster The site loading speed is incredible It kind of feels that youre doing any distinctive trick In addition The contents are masterwork you have done a great activity in this matter


Leave a Comment