30 Best Instant Loan Apps in India

Explore the top 30 instant personal loan apps in India for 2025. Compare interest rates, loan amounts, tenures, and features to find the best app for your financial needs.

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Avail personal loans from 30 Best Instant Personal Loan Apps in India -2025

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

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 loan apps based on their Play Store ratings, which are convenient, highly flexible, and deliver on their promises. Take a look at the highest-rated instant loan apps in 2025!

List of Personal Loan Apps in India 2025

Features and Benefits of the Best Instant Loan Apps in India

1. IDFC First Bank

As existing customers, you can easily access your loan account details, statement details, outstanding balance, etc.

You can pay the loan at your own pace as tenures can go up to 60 months.

The quantum of the loan is up to ₹10 Lakh.

The interest rate is affordable starting from 10.99% p.a.

2. Bajaj Finserv

You can choose any of the three variants based on your requirement: flexi term loan, flexi hybrid loan, and term loan.

You can complete the whole process right from the comfort of your home.

Avail loans up to ₹40 Lakh.

To be eligible, you should have a minimum salary of ₹25,001 based on your location.

The loans are unsecured and do not require any collateral.

Affordable interest rates ranging from 10% - 32% p.a. and tenures up to 96 months.

3. MoneyView

The loan amount, once the application is approved, is disbursed within 24 hours in most cases.

You can check your eligibility criteria in just 2 minutes from anywhere in the country.

Very minimal documentation is required.

You can get any amount between ₹5,000 to ₹10 Lakh.

Interest rates start from just 10% per annum with flexible repayment tenures of up to 60 months.

MoneyView’s partner lenders do not ask for collateral and you can choose to repay the loan through auto-debit EMIs.

MoneyView’s partner lenders’ credit rating model allows applicants with low credit scores to avail of a loan.

4. Olyv (SmartCoin)

SmartCoin is an easy-to-use lending app for people who are looking for short-term loans. Salaried individuals and business owners can avail of loans from this app. 

Here are some features that make it stand out - 

All documentation can be completed online

The application gets approved within minutes and you can get the funds within 24 hours

To be eligible, you must be between 21 and 60 years

The minimum income requirement for eligibility is Rs.20,000

Mini loans available starting from Rs.1,000 - Rs.5 Lakh that can be repaid within 2 - 24 months

Affordable interest rates starting from 18% p.a.

5. Kissht

Kissht offers fully digital loans in a hassle-free process. Some of the main features of this app are -

Personal loans from Rs.30,000 to Rs.5 Lakh 

Top-up loans with extended tenure of 36 months

Loans are disbursed in 5 minutes

Multiple ways to pay EMIs

6. Buddy Loan

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

Loan approval within 48 hours of applying

Get loan offers from Rs.10,000 to Rs.15 Lakh 

Interest rates start at 11.99% p.a. 

Comfortably pay off your loan in tenures of your choice ranging from 6 months to 5 years

Any Indian citizen with a valid Aadhaar and PAN card can apply 

If you are self-employed, you need company and GST details to be eligible

7. KreditBee

KreditBee offers multiple types of personal loans - flexi loans and personal loans for salaried and self-employed applicants. Flexi personal loans are small ticket loans perfect for emergencies or smaller expenses.

Some of the features and benefits are -

Depending on the type of loan availed, borrowers can get a loan amount between Rs.1,000 to Rs.5 Lakh

KreditBee claims to disburse the loan amount in just 10 minutes

The interest rate ranges from 17.00% - 29.95% p.a. and can vary based on the borrower’s credit history and other factors

The repayment tenure starts at 3 months and can go up to 10 months, 24 months, and 36 months for flexi loans, personal loans for self-employed, and personal loans for salaried, respectively 

The entire loan application process from start to finish is done online

8. 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 can get a loan in just 10 minutes. 

Check out its salient features and benefits -

You can avail of a loan from Rs.5,000 to Rs.5 Lakh based on your eligibility

The entire process of application is done online and is fully paperless

A unique feature of this lender is that you can apply for multiple loans on the same day even if you already have a loan running with them

Another benefit Fibe provides is that it is available 24X7. You can apply for a loan at any time and get instant disbursal

Fibe also offers a salary advance to those who need a little extra cash on the side with interest rates starting from 12% p.a.

You can repay the loan in easy installments that span up to 24 months

9. LazyPay

This app provides instant loans as well as many other services. You can also pay utility bills from this app. Let’s look at some features that make it stand out -

Loans from Rs.3,000 to Rs.5 Lakh

Interest rates range from 15% to 32% p.a. 

Interest is calculated on a reduced balance basis

You can choose repayment tenures ranging from 3 to 60 months

Buy Now Pay Later options 

10. 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 -

Avail loan amounts ranging from Rs.1,000 to Rs.4 Lakh

You can get the amount in your bank account within 24 hours 

Repayment terms vary from 3 months to 18 months making it a great short-term loan option

These loans can be availed online which makes the application process easy and convenient 

However, the minimum salary requirement is Rs. 12,000 per month and applicants must be between the ages of 23 and 58 years old

CASHe offers a carefully crafted loyalty program that allows its borrowers to enjoy benefits such as choosing lower interest rates or higher loan amount

11. mPokket

mPokket offers secure and instant personal loans for students, salaried, and self-employed individuals. It provides pocket-sized personal loans in minutes with low interest rates without long-term EMI commitments making it one of India’s best instant loan apps.

Its features include - 

mPokket serves low-salaried and low-income earners by providing loans of Rs.500 to Rs.45,000

Once the eligibility criteria are fulfilled, the loan amount is disbursed within a few hours

College students can also avail a loan just by providing their college enrolment, student ID, mark sheet, or letter of admission as proof

The repayment tenure ranges from 61 days - 12 months

The interest rates are up to 48% p.a.

12. ZestMoney

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

You can apply for a loan even if you don’t have a credit score

It can also be used to shop online in easy EMIs

Avail loans up to Rs.5 Lakh with interest rates starting at 11.99% p.a.

You can get gift cards from other popular shopping websites

Pay the money back in comfortable EMIs ranging from 3 - 36 months

13. True Balance

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

They claim that you can apply, get your loan approved, and get the money within 30 minutes

They provide access to credit for 24 hours of the day

The interest rates start from 2.40% per month

You can borrow an amount between Rs.5,000 - Rs.1.25 Lakh

Repay the amount at your own pace with tenures between 3 to 12 months

14. Home Credit

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

It is part of the International Home Credit group and is present in many countries other than India

It is present in more than 150 Indian cities

No credit history is required to avail a loan from this app

Interest rates start from 1.6% p.m. and tenures can be 12 - 48 months, based on your convenience

You can take a loan of up to Rs.5 Lakh to meet any of your needs 

15. FlexSalary

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

All salaried individuals are eligible for a loan

The minimum income requirement is Rs.8,000

Available in metro cities, as well as Tier I and Tier II cities

Affordable easy EMIs based on interest rates ranging from 18% - 30% p.a.

Up to Rs. 3 Lakh can be availed as a loan and can be repaid in 10 - 36 months

The loan amount is disbursed within 24 hours

16. Navi

A digital lending app that provides loans online, Navi is one of the top lenders in the market today. They claim to approve and disburse loans within a few minutes. 

Read on to know some of their features and benefits -

You can avail a personal loan of up to Rs. 20 Lakh 

Navi offers flexible EMI options of up to 6 years

The interest rates start from 9.9% p.a.

The entire process of availing a loan is digital and can be done from anywhere

You can choose a repayment plan of your choice based on your eligibility

The loan amount will be credited to your account within a few minutes of approval 

17. Nira Finance

Nira Finance is another loan app that has been making waves in the financial space. This instant personal loan app gives approves loans up to Rs.1 lakh in just 3 minutes, and disburses them within 24 hours! 

Take a look at the features and benefits of their flagship product -

Nira Finance offers a line of credit up to Rs.1.5 Lakh

Once your documents and application are submitted, you can find out your credit limit in just 3 minutes

Nira Finance also offers credit to first-time borrowers without a credit history. However, if you are a seasoned borrower, then the minimum CIBIL score requirement is 681

Repayment tenure can go up to 12 months

You will also only have to pay interest for the amount used and not the entire amount that you are approved for

Interest rates start from 2% per month

While the entire loan process is paperless, you will need to submit hard copies once for KYC purpose

18. Finnable

Finnable is an app that gives a seamless and hassle-free experience. It is a start-up that helps employees get easy personal loans. Here is what sets this app apart from others -

You can calculate your EMI on the website before applying for a loan

EMIs are calculated using the reducing balance method

The loan is disbursed within 24 hours

Complete the whole process digitally

Repayment terms range from 3 to 48 months

19. 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 -

The no-usage-no-interest feature ensures that one pays interest only on the amount used and not the entire amount availed

You can avail of any amount up to Rs. 5 lakh and the interest rates start at 13% per annum

Whenever you need cash, you can borrow any amount up to your entire approved credit limit, as and when you need it

Flexible repayment tenure from 3 to 36 months is offered

MoneyTap offers free MasterCard credit cards to its borrowers and provides the entire credit limit as cash 

The applicants should be above the age of 23 years and have a minimum monthly income of Rs.30,000

20. Pocketly

This app is available for both Android and iPhone users and gives small loans with short repayment tenures. Here is what makes it stand apart -

Quantum of loans from Rs.500 to Rs.50,000

Interest rates range from 2.00% - 3.00% per month

Loan tenures range from 1 to 6 months

It has relaxed eligibility criteria with an income requirement of just Rs.15,000

Both salaried and self-employed individuals can avail of loans from this app

21. IndiaLends

IndiaLends is a premium cash loan app that promises to release funds within 24 hours of loan approval. Here are some of its features - 

Low interest that starts from 10.25% p.a.

Instant loans can be availed directly from the app after checking your CIBIL score

Loan disbursal within 24 hours

Up to Rs.50 Lakh can be availed as an instant loan

Repay the loan amount through easy EMIs ranging from 1 - 5 years

22. Hero FinCorp

Hero FinCorp is an app with a user-friendly interface that allows you to apply for instant personal loans. Here are some things that make it attractive -

No hidden charges or expenses

Small cash loans up to Rs.3 Lakh are also available 

Quick loan approvals within minutes

Paperless process, 100% online

Should be between 21 and 58 years old to be eligible

The minimum monthly income requirement is Rs.15,000

23. 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 - 

Loans are available for as low as Rs.1,000 and can go up to Rs.5 Lakh

Once you register, a rate quote is provided within 5 minutes

You can repay the loan through digital payments over a range of 3 - 36 months

The rate of interest starts from 11.99% based on your eligibility

• Nominal processing charges

24. Lenditt: Personal Loan App

This online loan app company is situated in Ahmedabad, Gujarat, and provides personal, medical, consumer durables, travel, vehicle, and home loans. Here are some features of the personal loan app -

100% digitized procedure

Apply for the loan as many times as you want

Interest rates starting from 28% p.a.

Disbursal within 15 minutes

No collateral and no hidden charges

Provides loans to salaried and self-employed people

Salaried applicants must have a minimum income of Rs.20,000

25. 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 - 

Offers loans to salaried and self-employed individuals

Low interest rates starting from 1.50% per month

The total loan procedure can be completed on the app

Convenient and flexible repayment plans for up to 24 months

The loan amount can go up to Rs.5 Lakh

The loan is disbursed within 24 - 48 hours

The minimum income requirement is Rs.15,000 for salaried and Rs.25,000 for self-employed applicants

26. 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 - 

Avail unsecured loans with no physical documentation

Only PAN and address proof are required to be provided for verification

You can repay the loan within 3 - 24 months

Loans starting from Rs. 1,000 to Rs. 15 Lakh depending on your requirement

Interest rates start from 13.99% p.a.

27. 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 -

LoanTap lends any amount between Rs.50,000 to Rs.10 Lakh based on the borrower’s requirement

Once the loan is approved, you will be credited with your loan amount in 24-36 hours

To qualify for a LoanTap personal loan, you must be an Indian citizen between the ages of 23 and 60, earning at least Rs. 30,000 per month

You can make your EMIs more affordable by choosing a flexible repayment plan from 6 months to 60 months

LoanTap has a transparent loan process and consists of no hidden charges or pre-payment charges

After 6 months of disbursement, you can switch to an EMI-free loan or an accelerated repayment option, at your convenience

28. RupeeRedee

This app is an instant loan app that claims to disburse loans in 5 minutes. Here are some salient features of this app - 

Anyone between the ages of 18 and 65 is eligible for a loan

You just need your Aadhaar, PAN, and Net banking details to apply

You can get loans  from Rs.2,000 to Rs.1,49,000 

You can avail of loans at interest rates starting from 36% p.a.

Repay with ease through tenures up to 12 months

29. SMFG India Credit

SMFG India Credit gives affordable loans to self-employed and salaried people depending on their eligibility. Let’s look at some of the salient features of this app -

Apply for loans from the comfort of your home

The application process is 100% paperless

No collateral is required as loans are unsecured

Calculate EMIs before applying on their website

To be eligible, you need to be between 21 and 60 years old

The minimum required income to apply is Rs.20,000 to Rs.25,000

30. 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 -

A unique feature is that PaySense offers loans to applicants who are new to borrowing and have no credit history

You can get a loan amount between Rs.5,000 to Rs.5 Lakh 

The amount gets disbursed within 4 days of approval

The interest rate ranges from 1.4% - 2.3% p.m. and the tenure can be between 3 - 60 months

It offers personal loans to both salaried and self-employed applicants

Paysense also provides reminders, and auto-debit features to help you keep track of EMI payments

Frequently Asked Questions (FAQs) – Best Instant Personal Loan Apps in India

What is an instant personal loan app?

Instant personal loan apps are mobile platforms that allow users to apply for and receive personal loans quickly, often with minimal documentation and fast approval processes.

Are instant loan apps safe to use?

Yes, most reputed apps are RBI-compliant and use encryption to safeguard personal and financial data. Always download apps with good reviews and transparent terms.

What documents are required to apply for a personal loan through an app?

Typically, you need:

PAN card

Aadhaar card

Bank statement

Salary slips (if salaried)

How fast can I get the loan amount?

Depending on the app and your eligibility, loan disbursal can happen within a few minutes to 24 hours.

What is the maximum loan amount available via these apps?

Loan amounts can range from ₹1,000 to ₹40 Lakh, depending on the lender and your creditworthiness.

Do I need a high credit score to apply?

While a good credit score improves your chances, many apps now approve loans for applicants with lower credit scores by assessing alternate data.

Are these loans unsecured?

Yes, most instant personal loans offered through these apps are unsecured, meaning no collateral is required.

What is the interest rate on instant personal loans?

Interest rates vary between apps, typically ranging from 10% to 36% annually based on your profile and repayment capacity.

Can self-employed individuals apply?

Yes, many loan apps cater to both salaried and self-employed individuals, though eligibility criteria may differ.

How can I repay the loan?

Repayment is usually through auto-debit EMIs or UPI/NetBanking. Tenures range from 3 months to 6 years.