Those last days of the month before payday can be financially stressful when unexpected expenses arise. Paying for groceries, a medicine refill, an urgent bill, or even basic transportation costs can become challenging with an empty wallet. This is exactly where the 500 rs loan apps have become essential financial tools for millions. These micro-lending platforms understand that sometimes, all you need is a small amount to bridge the gap until your next paycheck arrives. With minimal documentation and approval times as quick as 5 minutes, 500 rupee loan app services provide immediate relief for temporary cash shortages that unexpectedly disrupt your budget and peace of mind.
List of 15 Top Rated Rs 500 Loan Apps in India 2025
The market is flooded with numerous small loan app 500 rupee options, each offering unique features and benefits. Here’s a comprehensive list of the top 15 apps that provide quick access to small loans with minimal requirements and fast processing times.
| App Name | Interest Rates | Rating |
| NoBroker InstaCash | Starts from 12.99% per annum | 4.9/5⭐ |
| Bajaj Finserv | 11-36% per annum | 4.9/5⭐ |
| Olyv | 18-30% per annum | 4.6/5⭐ |
| Fibe | 24-30% per annum | 4.5/5⭐ |
| mPokket | 24-42% per annum | 4.5/5⭐ |
| CASHe | 18-30% per annum | 4.4/5⭐ |
| Navi | 14-26% per annum | 4.3/5⭐ |
| MoneyTap | 13-24% per annum | 4.1/5⭐ |
| Pocketly | 18-42% per annum | 4.0/5⭐ |
| Indialends | 11.99-35% per annum | 3.9/5⭐ |
| KreditBee | 18-36% per annum | 3.4/5⭐ |
| Dhani | 24-36% per annum | 3.3/5⭐ |
| LoanTap | 18-30% per annum | 3.1/5⭐ |
| KreditKart | 24-42% per annum | 3/5⭐ |
| PaySense | 24-36% per annum | 2.9/5⭐ |
Top 15 500 Rs Loan Apps – Detailed Information 2025
The demand for quick cash loan services has led to the development of numerous loan apps offering instant loan approval at minimal documentation. These apps cater to various needs ranging from emergency expenses to small purchases. Let’s take a detailed look at each of these top-rated apps for instant micro-loans:
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1. NoBroker InstaCash – 4.9/5⭐
NoBroker InstaCash offers quick loans starting from ₹500 with a simple digital application process. The app specialises in providing emergency cash with minimal documentation and instant approval, making it ideal for urgent financial needs without credit history checks.
Quick info table of NoBroker InstaCash
| Feature | Details |
| Loan Amount Range | ₹500 – ₹20,000 |
| Interest Rate | Starts from 12.99% per annum |
| Processing Fee | 2 to 8% depending on loan amount |
| Eligibility | Age 21-58, Indian resident, basic KYC |
| Disbursal Time | Within 10 minutes |
| Rating | 4.9/5 |
| Pros | Instant approval, minimal documentation, no credit score check |
| Cons | Higher interest rates, limited loan amount |
2. Bajaj Finserv – 4.9/5⭐
Bajaj Finserv provides flexible personal loan options, including micro-loans of ₹500. Their highly-rated app offers a seamless digital experience with quick approval and transparent terms for borrowers seeking instant cash loans.
Quick info table of Bajaj Finserv
| Feature | Details |
| Loan Amount Range | ₹500 – ₹50,00,000 |
| Interest Rate | 11-36% per annum |
| Processing Fee | Up to 4% of loan amount |
| Eligibility | Age 23-55, minimum income ₹20,000, credit score above 750 |
| Disbursal Time | 4 hours – 24 hours |
| Rating | 4.9/5 |
| Pros | Trusted brand, transparent terms, flexible repayment options |
| Cons | Stricter eligibility criteria, longer processing for first-time users |
3. Olyv – 4.6/5⭐
Olyv has become a popular loan app with its user-friendly interface and quick loan disbursals. The app focuses on providing small emergency loans with simplified verification and approval processes.
Quick info table of Olyv
| Feature | Details |
| Loan Amount Range | ₹500 – ₹10,000 |
| Interest Rate | 18-30% per annum |
| Processing Fee | 2-3% of loan amount |
| Eligibility | Age 21-50, basic KYC, active bank account |
| Disbursal Time | 15-30 minutes |
| Rating | 4.6/5 |
| Pros | Quick processing, minimal paperwork, flexible repayment |
| Cons | Limited to smaller loan amounts, higher interest for new users |
4. Fibe – 4.5/5⭐
Formerly EarlySalary can be one of your go to 500 rs loan apps. Fibe offers instant loans with its innovative technology that evaluates alternative data for loan approvals. The app is particularly popular among young professionals for its quick cash solutions.
Quick info table of Fibe
| Feature | Details |
| Loan Amount Range | ₹500 – ₹5,00,000 |
| Interest Rate | 24-30% per annum |
| Processing Fee | Up to 3% of loan amount |
| Eligibility | Age 21-55, salaried professionals, 3 months employment history |
| Disbursal Time | 10 minutes – 24 hours |
| Rating | 4.5/5 |
| Pros | Salary advances, no prepayment charges, increases credit limit over time |
| Cons | Primarily focused on salaried individuals, initial lower limits for new users |
5. mPokket – 4.5/5⭐
mPokket specializes in providing college students and young professionals with instant micro-loans starting from ₹500. The app’s simple registration process makes it accessible to those with limited credit history.
Quick info table of mPokket
| Feature | Details |
| Loan Amount Range | ₹500 – ₹30,000 |
| Interest Rate | 24-42% per annum |
| Processing Fee | 1-5% of loan amount |
| Eligibility | College students (18+), young professionals with valid ID |
| Disbursal Time | 5-24 hours |
| Rating | 4.5/5 |
| Pros | Available to college students, increases limit over time, simple application |
| Cons | Smaller initial loan amounts, higher interest rates |
6. CASHe – 4.4/5⭐
CASHe stands out with its AI-based credit scoring system, which looks beyond traditional credit scores. It offers quick personal loans with straightforward terms and conditions.
Quick info table of CASHe
| Feature | Details |
| Loan Amount Range | ₹500 – ₹3,00,000 |
| Interest Rate | 18-30% per annum |
| Processing Fee | 2-3% of loan amount |
| Eligibility | Age 21-58, employed, minimum monthly income ₹15,000 |
| Disbursal Time | 10 minutes – 24 hours |
| Rating | 4.4/5 |
| Pros | Social media-based credit scoring, no security deposit, EMI options |
| Cons | Requires employment verification. income proof necessary |
7. Navi – 4.3/5⭐
Navi could be the next app you download when you look for 500 rs loan apps on your mobile. The app provides instant loan approvals with transparent terms and quick disbursals to your bank account.
Quick info table of Navi
| Feature | Details |
| Loan Amount Range | ₹500 – ₹20,00,000 |
| Interest Rate | 14-26% per annum |
| Processing Fee | Up to 3% of loan amount |
| Eligibility | Age 21-65, income proof, credit score above 700 |
| Disbursal Time | 5 minutes – 24 hours |
| Rating | 4.3/5 |
| Pros | 100% digital process, no physical paperwork, flexible tenure options |
| Cons | May require good credit history for larger amounts, income verification |
8. MoneyTap – 4.1/5⭐
MoneyTap provides a credit line facility that allows users to borrow as little as an instant loan of 500 rs whenever needed. The app offers flexibility in borrowing and repayment with competitive interest rates.
Quick info table of MoneyTap
| Feature | Details |
| Loan Amount Range | ₹500 – ₹5,00,000 |
| Interest Rate | 13-24% per annum |
| Processing Fee | 2% of credit limit + GST |
| Eligibility | Age 23-55, minimum income ₹20,000, credit score above 700 |
| Disbursal Time | 24-48 hours for setup, instant thereafter |
| Rating | 4.1/5 |
| Pros | Credit line facility, pay interest only on amount used, part payments allowed |
| Cons | Initial setup time longer, stricter eligibility criteria |
9. Pocketly – 4.0/5⭐
Pocketly targets students and young professionals who lack a good credit score and are looking for quick and small loans. The platform uses alternative credit scoring to provide micro-loans even to those without a credit history.
Quick info table of Pocketly
| Feature | Details |
| Loan Amount Range | ₹500 – ₹20,000 |
| Interest Rate | 18-42% per annum |
| Processing Fee | 2-5% of loan amount |
| Eligibility | Age 18-35, valid ID proof, active bank account |
| Disbursal Time | 5-15 minutes |
| Rating | 4.0/5 |
| Pros | Available for students, no cosigner required, builds credit history |
| Cons | Higher interest rates, smaller maximum loan amounts |
10. Indialends – 3.9/5⭐
Indialends connects borrowers with multiple lenders for loans starting from ₹500. Their platform compares various options to help users find the best terms for their small loan requirements.
Quick info table of Indialends
| Feature | Details |
| Loan Amount Range | ₹500 – ₹5,00,000 |
| Interest Rate | 11.99-35% per annum |
| Processing Fee | 1-5% of loan amount |
| Eligibility | Age 21-65, income proof, 6 months employment history |
| Disbursal Time | 24-72 hours |
| Rating | 3.9/5 |
| Pros | Compares multiple lenders, low interest rates available, free credit score check |
| Cons | Longer processing time, more documentation required |
11. KreditBee – 3.4/5⭐
KreditBee focuses on providing services with minimal documentation and quick approval. The platform caters to both salaried and self-employed individuals seeking small instant loans. With only 15-2 hours disbursal time, it is one of the fastest 500 rs loan apps in the market.
Quick info table of KreditBee
| Feature | Details |
| Loan Amount Range | ₹500 – ₹4,00,000 |
| Interest Rate | 18-36% per annum |
| Processing Fee | 2.5-5% of loan amount |
| Eligibility | Age 21-55, valid ID proof, active bank account |
| Disbursal Time | 15 minutes – 2 hours |
| Rating | 3.4/5 |
| Pros | Accepts self-employed applicants, flexible tenures, easy documentation |
| Cons | Processing fees can be high, interest rates vary significantly |
12. Dhani – 3.3/5⭐
Dhani offers instant loans through its mobile app with minimal documentation. The platform provides quick cash solutions, flexible repayment options, and additional services like healthcare and shopping.
Quick info table of Dhani
| Feature | Details |
| Loan Amount Range | ₹500 – ₹15,00,000 |
| Interest Rate | 24-36% per annum |
| Processing Fee | 2-3% of loan amount |
| Eligibility | Age 18-60, basic KYC, active bank account |
| Disbursal Time | 5 minutes – 2 hours |
| Rating | 3.3/5 |
| Pros | Integrated services (healthcare, shopping), easy application, instant disbursal |
| Cons | Higher interest rates, subscription model for some features |
13. LoanTap – 3.1/5⭐
LoanTap provides customized small loans with flexible repayment options. Their digital platform offers quick approval with minimal documentation for various borrowing needs.
Quick info table of LoanTap
| Feature | Details |
| Loan Amount Range | ₹500 – ₹10,00,000 |
| Interest Rate | 18-30% per annum |
| Processing Fee | 1-3% of loan amount |
| Eligibility | Age 23-58, minimum salary ₹30,000, credit score above 750 |
| Disbursal Time | 24-48 hours |
| Rating | 3.1/5 |
| Pros | Flexible repayment options, EMI holiday feature, overdraft facility |
| Cons | Higher income requirements, longer processing time, stricter eligibility |
14. KreditKart – 3/5⭐
KreditKart offers a digital credit line similar to a credit card. Users can borrow as little as ₹500. The app provides instant approval and has a simple application process.
Quick info table of KreditKart
| Feature | Details |
| Loan Amount Range | ₹500 – ₹2,00,000 |
| Interest Rate | 24-42% per annum |
| Processing Fee | 3-6% of loan amount |
| Eligibility | Age 21-55, basic KYC, bank account verification |
| Disbursal Time | 15 minutes – 4 hours |
| Rating | 3/5 |
| Pros | Digital credit line facility, revolving credit, multiple withdrawal options |
| Cons | Higher interest rates, membership fees may apply, stricter for new users |
15. PaySense – 2.9/5⭐
PaySense rounds out our 500 rs loan apps list with personalized loan offerings based on user profiles. The app provides quick cash options with customized interest rates and repayment terms.
Quick info table of PaySense
| Feature | Details |
| Loan Amount Range | ₹500 – ₹5,00,000 |
| Interest Rate | 24-36% per annum |
| Processing Fee | 2.5-4% of loan amount |
| Eligibility | Age 21-60, income proof, 3 months employment history |
| Disbursal Time | 24-48 hours |
| Rating | 2.9/5 |
| Pros | Personalized loan offers, increases credit limit over time, EMI options |
| Cons | Longer processing times, extensive documentation for higher amounts |
How to Apply for a 500 Rs loan?
Applying for a micro-loan through these loan apps is a straightforward process designed for quick approvals and minimal paperwork. These apps have simplified the borrowing experience to provide instant financial assistance during emergencies. Here’s a step-by-step guide to applying. And while you download any one of these amazing 500 rs loan apps, it is advisable to keep your documents handy:
- Step 1: Download and install the app of your choice from the Google Play Store or Apple App Store.
- Step 2: Register by creating an account using your mobile number and complete the basic KYC verification process.
- Step 3: Submit the required documentation, including ID proof, address proof, and income details, through the app interface.
- Step 4: Complete the bank account verification process by linking your active bank account for loan disbursement.
- Step 5: Select the loan amount (starting from ₹500) and repayment tenure that suits your financial situation.
- Step 6: Review the loan terms, including interest rate, processing fee, and repayment schedule, before confirming.
- Step 7: Receive instant approval and loan disbursement directly to your verified bank account within minutes.
Benefits of 500 Rs loan apps
The growing popularity of 500 rupee loan app services stems from their numerous advantages over traditional lending channels. These micro-lending platforms provide quick financial solutions without the complexities of conventional banking procedures. Here are the key benefits:
- Instant approval – Get loan approval within minutes without lengthy waiting periods or multiple follow-ups.
- 24/7 availability – Apply for an instant loan of 500 rs anytime, anywhere, using your smartphone without visiting physical branches.
- Quick disbursals – Receive funds directly in your bank account within minutes of approval.
- Flexible repayment options – Choose repayment tenures that fit your financial situation with options for early repayment.
- Building credit score – Timely repayments on small loans help establish and improve your credit history for future borrowing.
- No collateral required – All small loan app 500 rupees options provide unsecured loans without requiring any assets as security.
Get Instant Loan With NoBroker InstaCash
When you need quick access to small funds, NoBroker InstaCash stands out among 500 rs loan apps for its streamlined application process and instant disbursal. The app offers loans starting from just ₹500 with minimal documentation requirements, making it ideal for emergency expenses or short-term cash needs. With approval times as quick as 10 minutes and funds transferred directly to your bank account, NoBroker InstaCash eliminates the waiting period associated with traditional loans. The simple digital interface ensures that the entire process, from application to disbursal, happens seamlessly on your smartphone without any physical paperwork or branch visits.
Frequently Asked Questions
Ans: NoBroker InstaCash, Pocketly, and mPokket are among the top apps offering instant loans of 500 rupees with minimal documentation and quick approval. These apps typically disburse funds within minutes after completing the verification process.
Ans: Interest rates for 500 rs loan apps typically range from 18% to 42% per annum depending on the platform, your credit profile, and loan tenure. First-time borrowers may face higher rates initially, which can decrease with good repayment history.
Ans: While complete documentation waiver isn’t possible, many 500 rupee loan app services offer minimal documentation requirements. Basic KYC including ID proof, address verification, and bank account details are mandatory for regulatory compliance and fund transfer.
Ans: Most 500 rs loan apps provide approval within 5-15 minutes after completing the application and verification process. The actual disbursal time may vary from immediate transfer to a few hours depending on the app and banking channels.
Ans: Late repayments on instant loan 500 rs typically incur additional charges, penalty fees, and negative impact on your credit score. Most apps charge 1-2% late fee per day and may report defaults to credit bureaus, affecting future borrowing capacity.
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