Instant Personal Loan Apps

15+

Partners

6 Years

Maximum Loan Tenure

₹50 Lakhs

Maximum Loan Amount
✓Minimal Documentation ✓Collateral Free Loans ✓Instant Loan Disbursal | Apply for Personal Loan Now!

With the universal permeation of digitalisation, you can now avail of a personal loan almost instantly. Today, many personal loan apps allow you to get an instant personal loan through their lending partners. 

 

The best part is that you get the loans with minimal documentation, and the application process is fully online. 

List of Instant Loan Apps in India in 2024

Check out this table for some of the best loan apps in India:

App

Max. Amount

Starting Interest Rate

Bajaj Markets

₹50 Lakhs

9.99% p.a.

PaySense

₹5 Lakhs

15.00% p.a.

IndiaLends

₹50 Lakhs

10.25% p.a. 

KreditBee

₹4 Lakhs

18.00% p.a.

CASHe

₹4 Lakhs

27.00% p.a.

Fibe

₹5 Lakhs

14.00% p.a.

Credy

₹1 Lakh

01.00% of the loan p.m. 

Dhani

₹15 Lakhs

13.99% p.a.

MoneyTap

₹5 Lakhs

13.00% p.a.

SmartCoin (Olvy)

₹5 Lakhs

01.50% p.m.

mPokket

₹45,000

24.00% p.a.

LazyPay

₹5 Lakhs

18.00% p.a.

Branch

₹50,000

02.00% p.a.

Navi

₹20 Lakhs

09.00% p.a.

SMFG India Credit

₹25 Lakhs

12.00% p.a.

FlexSalary

₹2 Lakhs

18.00% p.a.

MoneyView

₹5 Lakhs

16.00% p.a.

PayMe India

₹5 Lakhs

01.50% p.m.

LoanTap

₹10 Lakhs

14.00% p.a.

Disclaimer: Interest rates and other details are subject to change. Please check with the lender before applying.

Features of Loan Apps in India

Here are some of the attractive features that the personal loan apps in India offer:

1. Bajaj Markets

Bajaj Markets offers quick and easy access to personal loans from top lenders. The application process is simple and requires minimal documentation. 

 

Some of the other benefits that a user can enjoy on the Bajaj Markets app include:

  • Instant approval

  • Smooth online process

  • Credit health check report

 

The rating for the app on Play Store is 4.5.

2. PaySense

PaySense allows you to get a personal loan of up to ₹5 Lakhs at rates starting at 15% per annum. Some highlighting features of the app are:

  • Minimal documentation requirement

  • No credit history needed

 

The rating for the app on Play Store is 3.6.

3. IndiaLends

IndiaLends is a premium lending app in the market as you can avail of an instant personal loan of up to ₹50 Lakhs. The loan is approved almost instantly once the e-verification of your documents is complete, and the amount is disbursed within 48 hours of approval.

 

The rating for the app on Play Store is 3.5.

4. KreditBee

You can check out KreditBee if you need instant loans of small amounts. Just like other instant loan apps, the application process on KreditBee is quite simple and does not require much documentation. 

 

The rating for the app on Play Store is 4.4.

5. CASHe

The highlighting feature of CASHe is that it has tie-ups with e-commerce giants such as Amazon, Flipkart, and Big Basket. CASHe gives its users the option of purchasing items from these portals and making payments for the same later. You also insure your loans with the loan insurance policies available on the platform.

 

The rating for the app on Play Store is 2.7.

6. Fibe

Fibe is another popular microlending app. The app provides short-term personal loans only to salaried individuals. Like most other platforms on the list, Fibe users can get quick loan approvals with minimal documentation requirements. Fibe users can also shop at online portals such as Amazon, Flipkart, and MakeMyTrip and finance their purchases at low interest rates.

 

The rating for the app on Play Store is 4.4.

7. Credy

Credy is another popular instant personal loan app out there. One differentiating feature of Credy is that it allows its users to avail of a top-up loan in case they need some extra cash.

 

The rating for the app on Play Store is 4.1.

8. Dhani

Dhani is a combination of an e-commerce platform and an instant personal loan app. It is known to be one of the best apps for people who are working part-time and studying. You are also rewarded with cashback on making purchases on the app.

 

The rating for the app on Play Store is 3.6.

9. MoneyTap

MoneyTap is a popular instant personal loan app. You can easily avail of an instant personal loan of up to ₹5 Lakhs on MoneyTap at interest rates starting from just 1.08% per month.

 

The rating for the app on Play Store is 4.1.

10. SmartCoin (Olvy)

You may consider Olvy if you are looking for a small but instant personal loan amount for a short tenure. One unique feature of this app is that the loan applications are scanned with the help of artificial intelligence using proprietary algorithms.

 

The rating for the app on Play Store is 4.2.

11. mPokket

mPokket primarily offers instant personal loans to students and to individuals with low salaries. Since the app provides loans to high-risk borrowers too, it levies a steep rate of interest of up to 48% per annum. You can avail of an instant personal loan of up to ₹45,000 through mPokket.

 

The rating for the app on Play Store is 4.4.

12. LazyPay

LazyPay is another very popular lending app powered by the payment platform PayU. You can easily avail instant personal loans of small amounts at LazyPay. Moreover, LazyPay also offers a credit line facility to its select customers.

 

The rating for the app on Play Store is 4.3.

13. Branch Personal Loan App

Branch is an international player in the microlending space. The app offers instant personal loans of up to ₹50,000 at interest rates starting from 15% per annum. Like other instant loan apps, the application process on Branch is simple and hassle-free and requires minimal documentation.

 

The rating for the app on Play Store is 4.6.

14. Navi

Navi is a new-age fintech startup. You can get an instant personal loan of up to ₹20 Lakhs on the Navi app. The best aspect of the Navi app is its user interface (UI), which is intuitive and easy to navigate.

 

The rating for the app on Play Store is 3.8.

15. SMFG India Credit (Fullerton)

SMFG India Credit (Fullerton) is another popular microlending platform in India. You can easily avail of a personal loan of up to ₹25 Lakhs with interest rates starting from 11.99% per annum.

 

The rating for the app on Play Store is 3.4.

16. FlexSalary

FlexSalary is another instant lending app for salaried individuals. The platform offers short-term instant personal loans worth up to ₹2 Lakhs with minimal documentation requirements.

 

The rating for the app on Play Store is 4.3.

17. MoneyView

If you urgently need a significant amount of cash, MoneyView can be a great choice. You can get a personal loan of up to ₹5 Lakhs with a maximum repayment tenure of 5 years. 

 

The rating for the app on Play Store is 4.7.

18. PayMe India

PayMe India is a new-age fintech start-up that provides short-term loans to corporate employees. You can easily avail of an instant personal loan of up to ₹2 Lakhs through PayMe India.

 

The rating for the app on Play Store is 4.3.

19. LoanTap

It is one of the few instant lending apps in the market that offers personal loans of up to ₹10 Lakhs. Like most other instant loan apps, the application process is simple, easy, and requires minimal documentation.

 

The rating for the app on Play Store is 3.7.

 

While these personal loan apps can be beneficial in case you urgently need cash in an emergency, their interest rates are almost always higher than what banks normally charge you. 

 

You can rely on these when you urgently need cash and do not have the time to complete the cumbersome documentation formalities.

FAQs on Instant Personal Loan Apps

Are instant personal loan apps safe?

Yes, availing a loan from personal loan apps in India is safe. However, it is advisable to get a loan from apps and entities that are regulated by the RBI.

How quickly can I get a personal loan via instant loan apps?

You can choose from any of the several personal loan apps available in India. These apps typically approve your loan application and sanction your funds within a few hours.

What is the minimum & maximum loan amount I can get through online loan apps?

Personal loan apps offer various loan amounts for the needs of the customers, ranging from ₹1,000 to ₹50 Lakhs.

Can I use multiple personal loan apps at the same time?

Yes, there are no restrictions on using multiple personal loan apps to avail of funds.

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