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

With the universal permeation of digitalization, you can now avail a personal loan almost instantly. Today, there are many apps that allow you to avail an instant personal loan through their lending partners. While the interest charged by these apps is usually on the higher side, the best part about such instant personal loans is that you get the loans with minimal documentation and the application process is fully online. In this article, we shall discuss some of the best instant loan apps that you can download on your smartphone and avail an instant personal loan.

19 Best Instant Personal Loan Apps in India

1. Bajaj MARKETS

Bajaj MARKETS is the go-to platform for borrowers who want to avail a hassle-free personal loan from the biggest lenders in India. The application process is simple and requires minimal documentation. Some of the other benefits that a user can avail through the Bajaj MARKETS app are:

  • Instant approval

  • Smooth online process

  • Credit health check report

Bajaj MARKETS

Interest Rate

Starting from 10.49% per annum

Loan Amount

Up to ₹50 Lakhs

App Rating (on Play Store)

4.3

 

*Interest rates are subject to change. Please check with the lender before applying.

2. PaySense

PaySense is another popular instant loan app that allows you to avail a personal loan of up to ₹5 Lakhs at interest rates starting from just 1.08% per month. Some of the defining features of the PaySense app are:

  • Minimal documentation requirement

  • No credit history needed

PaySense

Interest Rate

1.08% to 2.33% per month

Loan Amount

₹5,000 to ₹5 Lakhs

App Rating (on Play Store)

4.5

 

*Interest rates are subject to change. Please check with the lender before applying.

 

3. Instant Approval Personal Loan - IndiaLends

IndiaLends is a premium lending app in the market. You can avail an instant personal loan of up to ₹50 Lakhs through IndiaLends. 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.

IndiaLends

Interest Rate

10.75% to 25% per annum

Loan Amount

₹15,000 to ₹50 Lakhs

App Rating (on Play Store)

3.8

 

*Interest rates are subject to change. Please check with the lender before applying.

 

4. KreditBee

You can check out KreditBee if you need instant loans of small amount. Just like other instant loan apps, the application process on KreditBee is quite easy and does not require much documentation. The USP that KreditBee boasts of is its user-friendly interface which makes the process even simpler.

KreditBee

Interest Rate

10% to 29.95% per annum

Loan Amount

₹1,000 to ₹3 Lakhs

App Rating (on Play Store)

4.4

 

*Interest rates are subject to change. Please check with the lender before applying.

5. CASHe Personal Loan App

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

CASHe

Interest Rate

Starting at 2.5% per month

Loan Amount

₹1,000 to ₹4 Lakhs

App Rating (on Play Store)

4.4

 

*Interest rates are subject to change. Please check with the lender before applying.

6. EarlySalary Instant Personal Loan App

EarlySalary is another popular microlending app. The app provides short-term personal loans only to salaried individuals. Like most other platforms on the list, EarlySalary users can get their loan approved instantly without having to submit an elaborate list of documents. EarlySalary users can also shop at online portals such as Amazon, Flipkart, and MakeMyTrip and finance their purchases at low interest rates.

EarlySalary

Interest Rate

12% to 30% per annum

Loan Amount

₹8,000 to ₹10 Lakhs

App Rating (on Play Store)

4.5

 

*Interest rates are subject to change. Please check with the lender before applying.

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 a top-up loan in case they need some extra cash.

Credy

Interest Rate

12% to 18% per annum

Loan Amount

Up to ₹1 Lakhs

App Rating (on Play Store)

4.1

 

*Interest rates are subject to change. Please check with the lender before applying.

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 studying and working part-time. One additional benefit that Dhani offers is that you are rewarded with a cashback on making purchases on Dhani.

Dhani

Interest Rate

Starting at 13.99% per annum

Loan Amount

₹1,000 to ₹15 lakh

App Rating (on Play Store)

3.6

 

*Interest rates are subject to change. Please check with the lender before applying.

9. MoneyTap

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

MoneyTap

Interest Rate

Starting at 1.08% per month

Loan Amount

₹3,000 to ₹5 lakh

App Rating (on Play Store)

4.1

 

*Interest rates are subject to change. Please check with the lender before applying.

10. SmartCoin

You may consider SmartCoin 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.

SmartCoin

Interest Rate

Up to 36% per annum

Loan Amount

₹4,000 to ₹1 lakh

App Rating (on Play Store)

3.9

 

*Interest rates are subject to change. Please check with the lender before applying.

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 an instant personal loan of up to ₹30,000 through mPokket.

mPokket

Interest Rate

Up to 48% per annum

Loan Amount

₹1,000 to ₹30,000

App Rating (on Play Store)

4.4

 

*Interest rates are subject to change. Please check with the lender before applying.

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.

LazyPay

Interest Rate

15% to 32% per annum

Loan Amount

Up to ₹5 lakh

App Rating (on Play Store)

4.4

 

*Interest rates are subject to change. Please check with the lender before applying.

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.

Branch

Interest Rate

15% to 34% per annum

Loan Amount

Up to ₹50,000

App Rating (on Play Store)

4.4

 

*Interest rates are subject to change. Please check with the lender before applying.

14. Navi

Navi is a new-age fintech startup. You can avail 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.

Navi

Interest Rate

Starting from 9.9% per annum

Loan Amount

Up to ₹20 lakh

App Rating (on Play Store)

4.2

 

*Interest rates are subject to change. Please check with the lender before applying.

15. Instant Personal Loan App - Fullerton India

Fullerton is another popular microlending platform in India. You can easily avail a personal loan of up to ₹25 Lakhs at Fullerton with interest rates starting from 12.99% per annum.

Fullerton India

Interest Rate

Starting from 12.99% per annum

Loan Amount

Up to ₹25 lakh

App Rating (on Play Store)

3.8

 

*Interest rates are subject to change. Please check with the lender before applying.

16. FlexSalary Instant Loan App

Just as EarlySalary, 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.

FlexSalary

Interest Rate

Up to 36% per annum

Loan Amount

₹4,000 to ₹2 lakh

App Rating (on Play Store)

4.3

 

*Interest rates are subject to change. Please check with the lender before applying.

17. Money View

If you urgently need a significant amount of cash, MoneyView can be a great choice. You can easily avail an instant personal loan of up to ₹5 Lakhs for a tenure of up to 5 years on MoneyView.

MoneyView

Interest Rate

1.33% per month onwards

Loan Amount

₹5,000 to ₹5 lakh

App Rating (on Play Store)

4.6

 

*Interest rates are subject to change. Please check with the lender before applying.

18. Personal Loan App- PayMe India

PayMe India too is a new-age, fintech start-up that provides short-term loans to corporate employees. The app is quite similar to EarlySalary and FlexSalary in terms of the loans offered. You can easily avail an instant personal loan of up to ₹2 Lakhs through PayMe India.

PayMe India

Interest Rate

18% to 42% per annum

Loan Amount

Up to ₹2 lakh

App Rating (on Play Store)

4.3

 

*Interest rates are subject to change. Please check with the lender before applying.

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.

LoanTap

Interest Rate

18% to 30% per annum

Loan Amount

Up to ₹10 lakh

App Rating (on Play Store)

3.7

 

*Interest rates are subject to change. Please check with the lender before applying.

While these instant 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. These apps can be handy when you urgently need cash and do not have the time to complete the cumbersome documentation formalities that registered banks often demand.

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