Best Instant Personal Loan Apps in India

Are you in search of the best instant personal loan apps in India?

Your search ends here. We have listed the top instant personal loan apps where you can get your desired loan amount online.

If you are required to take a quick loan then there are limited options in India. One is to take personal loans from traditional banks in India. This can take a long time and lots of documentation.

The second option is you can take a loan with a credit card in India but the interest on the loan provided by credit cards is very high.

Another option is you can ask for money from your friends and family but again this is not a very good option for getting instant cash. And one more thing, not everyone gets advance salary credit from the employer in India.

So the best option to get quick money in India is from personal loan apps. Here you will get the money in a short period and the process is simple and requires less paperwork

To make things easy for you we have listed some of the famous personal loan apps in India

30+ Best Instant Personal Loan Apps in India 2023

App NameInterest Rate(Per Month)Loan Amount
AnyTime Loans1.5 – 4.5%₹ 1k – ₹ 10 Lakh
Bajaj FinservStarts from 12.99%Up to ₹ 25 Lakh
Capital First Limited1.16 – 1.33%₹ 1 Lakh – ₹ 25 Lakh
CashBeanStarts from 2.08%₹ 1.5k – 60k
CashEStarts from 1.75%₹ 5k – ₹ 2 Lakh
CRED Cash1 – 3%₹ 50k – ₹ 10 Lakh
Credit1 – 1.5%₹ 10k – ₹ 1 Lakh
Credy1 – 1.5%₹ 10k – ₹ 1 Lakh
Dhani1 – 3.17 %₹ 1k – ₹ 15 Lakh
Early Salary2 – 2.5%₹ 3k – ₹ 2 Lakh
FlexsalaryUp to 3%₹ 4k – ₹ 2 Lakh
Home Credit2.4 – 3.3%₹ 10k – ₹ 2 Lakh
IDFC FIRST Bank0.87 – 2%₹ 50k – ₹ 10 Lakh
IndiaLends0.9 – 3 %₹ 15k – ₹ 50 Lakh
InstaMoney2 – 2.99%₹ 5k – ₹ 25k
InstaRupee1.66 – 2.5%₹ 5k Maximum
KreditBee2 – 3%₹ 1k – ₹ 1 Lakh
Kreditzystart from 0%Up to ₹ 2 Lakh
LazyPay1.25 – 2.6%₹ 10k – ₹ 1 Lakh
LoanTap1.5 – 3%₹ 50k to ₹ 10 Lakh
MobiKwik0.91 – 3%₹ 10k – ₹ 5 Lakh
Money View1.33 – 2%₹ 10k – ₹ 5 Lakh
MoneyTap1.08 – 2.03%₹ 3k – ₹ 5 Lakh
mPokketStarts from 3.5%₹ 500 – No Max. limit
NIRA1.5 – 2.5%₹ 3k – ₹ 1 Lakh
PayMe India2 – 6%₹ 1k to ₹ 1 Lakh
PaySense1.08 – 2.33%₹ 5k – ₹ 5 Lakh
PaytmUp to ₹ 2 Lakh
RapidRupee1%₹ 1k – ₹ 60k
Rupeelend3 – 30%₹ 10k to ₹ 1 Lakh
Smart Coin2.5 – 3%₹ 1k – ₹ 25k
StashFin1 – 5%₹ 500 – ₹ 5 Lakh
uuCash₹ 1k – ₹ 20k
ZestMoney3%₹ 1k to ₹ 10 Lakh
*Data Source: Google Play Store and respective apps’ websites. Rates are subject to change

The internet is playing a vital role in our lives and now anyone can use the internet and purchase anything from groceries to smartphones from the comfort of their home without hassle. And this is not different when it comes to acquiring personal loans in India.

There are lots of instant personal loan apps in India. You can take benefits from these apps and get a personal loan as per your need. The money will be credited to your account in a matter of time.

Reasons to Take Personal Loan and Documents Required

A personal loan is best because one can use it as per their need. This can be availed to meet the shortage of funds or emergency financial needs. There are so many benefits of a personal loan. Here are the most significant features of a personal loan and a list of documents required.

Personal Loan FeaturesDocuments Required
Finance for your needValid identity card (Aadhar card)
Easy approval and disbursalA recent photograph
No collateral requiredSalary slip (In case of a salaried person)
Fixed-Rate of InterestBank statement
Flexible loan tenureKYC form
Tax benefits
Features and Benefits of Instant Loan Apps

Instant personal loan apps enable anyone to get a loan amount with the help of the internet in no time and minimum paperwork required. The agreed loan amount will be credited instantly or within a few days depending on loan issuer processing time. Here are the features of instant loan apps.

#1. Quick process

Instant personal loan apps help you get the money as soon as the loan gets approved. The best part is you do not have to go anywhere to avail of the loan. The loan availability is easy now due to huge competition in the market.

#2. Save Time

If an emergency arises due to any circumstances then you can use these instant loan apps to avail the required funds. You do not need to visit any bank branch to avail of the loan because you can get the required loan amount from sitting at home with the help of a few clicks online. These instant personal loan apps are best for you to avail of the loan in no time.

#3. Digital Documentation

There was a time when you had to submit a self-attested hard copy of the application and other documents to avail loan. But the time online you can upload the scanned copy of the documents to process the loan easily.

#4. Access anywhere

The instant loan apps are famous because anyone availing doesn’t have to wait in queues to get a loan processed. You can process the loan application from anywhere with the help of the internet. You can track applications online and the loan amount gets credited online.

#5. Collateral-free

One of the best things about online loan applications is you can get the loan without needing any collateral or security deposit. It means you will get a loan without keeping anything in exchange for the same.

#6. No end-usage restrictions

When you get a loan through these online loan apps you can use it anywhere you wish. There is no restriction, unlike the home loan. The funds you get from the loan you can use for traveling, home renovation, or anything you wish for.

#7. No credit history wanted

There are many online loan applications that do not require any credit history from you. You need to meet the general loan eligibility and a few necessary documents and you are ready to get a loan.

Let’s Discuss the Best Instant Personal Loan Apps in Details

AnyTime Loans

ATL (AnyTime Loans) provides on-demand 24×7 loan services for self-employed and salaried individuals. The process to avail of the loan from AnyTime Loans is completely paperless.

AnyTime Loans offer unsecured loan services in India. Such as K12 education loans, Personal loans, Business loans, etc.

Key HighlightDisadvantagesEligibility Criteria
Contactless Loan
Instant, 24×7 loans
The interest rate is high
Max loan 10 Lakh
No balance transfer
Residing citizen of India
Age 21 years to 67 years
Minimum CIBIL score of 750

Suitable For: Any Individual requires a 100% paperless loan in no time with no guarantor required.

Bajaj Finserv

Bajaj Finserv Limited is an Indian non-banking financial services company headquartered in the city of Pune, India. Bajaj Finserv is focused on lending, asset management, wealth management, and insurance.

Bajaj Finserv provides an instant loan service that is immediately approved and disbursed within 24 hours. There is no collateral required to avail loan from Bajaj Finserv Limited.

Key HighlightDisadvantagesEligibility Criteria
Instant approval of the loan
Collateral-free loans
Reduce installment up to 45%
High-interest rates
The lengthy process of repayments
Late fee charges
Residing citizen of India
Age 21 years to 67 years
Salary 22k or higher

Suitable For: Women, government & public sector employees, school teachers, college professors, and more.

Capital First Limited

Capital First Ltd. was an Indian non-bank financial institution providing debt financing to small entrepreneurs, MSMEs, and Indian consumers. Capital First was founded in 2012 by V. Vaidyanathan. The company was listed on the NSE and BSE.

Capital First Limited is the perfect solution for all your lending requirements. Mostly the loan application is processed within two minutes online. There are different types of loans available to cater to your financing needs.

Key HighlightDisadvantagesEligibility Criteria
2 minutes loan disbursal
Flexible repayment tenure
Minimum paperwork
High-interest rates
Personal Loan Processing Fee
Part Payment Charges
Income INR 15k to INR 25k
Age 21 years to 58 years
Minimum CIBIL score of 750

Suitable For: People require higher amounts on stable interest rates


CashBean is known as P C Financial Services Private Limited registered under RBI. It was founded in 2018 and became popular quickly for small loans. You can avail loan from the mobile app or use the website of the CashBean.

You will be charged 18% GST on processing fees and the interest payable online. The tenure for loan repayment is less compared to other loan services provided in India.

Key HighlightDisadvantagesEligibility Criteria
Founded in 2018
No paperwork
User-friendly mobile app
18% GST is applicable
High-interest rate 26% p.a.
Only 60k loan maximum
Residing citizen of India
Age 21 years to 67 years
Minimum CIBIL score of 750

Suitable For: It is better for people who do not want to be involved in paperwork


CashE was founded in 2016 by V. Raman Kumar. It is the best app to avail loan during any financial crisis arising by any means. CashE for young salaried individuals whose bank may refuse to provide a loan.

This personal loan application provides short-term loans for 15, 30, 90, and 180 days in India. You can get any amount from INR 7k to 4 lakh.

Carry loan amount to  Paytm wallet
Round-the-clock service
Flexible EMI tenure
DisadvantagesEligibility Criteria
The high rate of interest starts at 27% p.a.
More time for document verification
Need a good credit score
The high rate of interest starts at 27% p.a.
More time for document verification
Need a good credit score
Residing citizen of India
Age 21 years to 67 years
Minimum CIBIL score of 750

Suitable For: It is good for an income of INR 15k per month in India.


CRED cash personal loan services are offered by the application called CRED. It is available for CRED members only. It gives every CRED member a credit line you can avail of any amount from the given credit line.

Key HighlightDisadvantagesEligibility Criteria
Loan amount up to INR 10 lakh
Loan tenure 1-5 years
Interest range from 12%-36%
Only CRED members
Minimum 750 credit score
Loan processing fee
Residing citizen of India
Age 21 years to 67 years
Minimum CIBIL score of 750

Suitable For: Individuals having good CIBIL scores and required loans at lowest interest rates


Credit an instant personal loan app a product of Credify Technologies Private Limited. You can fulfill your financial need by availing of the instant loan that is disbursed within 10 minutes.

One of the best things is Credit does not check credit history and bank-level security check and do not require collateral for the loan. You can avail of a loan ranging from INR 5k to INR 30k. 

Key HighlightDisadvantagesEligibility Criteria
Great services
Loan Amount 10k to 1 lakh
Flexible repayment tenure
Tenure time is less
Maximum loan amount 1 lakh
Processing fee
The loan is not available of PAN India
Residing citizen of India
Age 21 years to 67 years
Minimum CIBIL score of 750

Suitable For: Individuals looking for a quick loan to own gadgets or mobile phones.


Credy is a personal loan app of Credy Technologies offering quick solutions for emergency financial needs. You can get personal with personalized terms and conditions. Very quick processing of loan by Credy.

You will get flexible tenure from 3 to 15 months for repaying the loan amount in India. You can take a quick loan from Credy and fulfill your desire like funding your or your child’s education.

Key HighlightDisadvantagesEligibility Criteria
Interest rate 1-1.5% per month
No hidden cost
Simple and fast process
Limited loan amount
Fewer tenure periods
Processing fee
Residing citizen of India
Age 21 years to 67 years

Suitable For: Good for people looking for low-cost interest loans in India


Dhani is one of the best personal finance loan apps in India. You will get the loan amount credited quickly to your bank account. You can avail of a loan for any purpose, anytime, anywhere in India.

As some sources say Dhani first started a drugstore and later entered the financial services sector. There are many benefits to getting a personal loan from Dhani.

Key HighlightDisadvantagesEligibility Criteria
Interest rate 10% to 13.99%
Laon amount from INR 1 k to INR 15 lakh
Apply for the loan anytime
Primary documentation during registration takes time
Not available for all e-commerce platforms
Residing citizen of India
Age 21 years to 67 years
Minimum CIBIL score of 750

Suitable For: Salaried and self-employed individuals

Early Salary

Early Salary is a fintech company headquartered in Pune, India. The company offers personal loans for last-minute cash needs like a sudden travel plan for a medical emergency.

A personal loan from Early Salary is the solution for your financial need and you can apply for this personal loan online with an easy process. To get a loan from Early Salary you will require a selfie, identity proof, address proof, and proof of income.

Key HighlightDisadvantagesEligibility Criteria
Requires minimal documentation
Get a loan in 10 minutes
Super easy process to get a loan
High-interest rates
Maximum loan amount only 2 lakh
Not Good for people looking for a higher loan amount
Residing citizen of India
Age 21 years to 55 years
Minimum salary ₹18k and ₹15k for metro and no-non metro cities

Suitable For: Good for people who require the money early to keep their financial needs intact.

Instant Personal Loan Apps – FAQ

Q1. Is the Instant Loan App safe?

Yes, In general, we can say it is similar to one of the professional lenders but their a high interest rate and are not negotiable for loan repayment. These instant loan apps provide loans without paperwork. Instant loan apps are safe and secure from a less qualified browser’s point of view.

Q2. What are the best features of the Instant Loan App?

There are many things good about it but one of the best parts is there are no hidden fees you know how much you have to pay while repaying your loan amount. Instant loans offer 100% privacy.

Q3. Does the Instant Loan App do credit checks?

Yes, instant personal loan apps do check the credit history same as other lenders to make sure you can pay the loan amount on time in full. In case, you do not have a credit history the app automatically denies the loan.

Q4. Is there anything I can do if I’m denied?

In short, no, once you are denied a loan that means you do not have a credit history or have a bad credit history. In case, you need a loan you can try again after some time.

Q5. Can I use my phone to apply with the Instant Loan App?

Yes, instantly you need to download an instant personal loan app and log in using the required credentials. Once you are logged in you can check your loan eligibility.