Instant loan apps revolutionise personal finance by providing quick and convenient access to funds for emergencies, unexpected expenses, or planned purchases. The Top 25 Instant Loan Apps in India for 2025 offers seamless loan approvals and disbursements, often within minutes. This blog provides a detailed overview of each app’s application process, necessary documents, and eligibility criteria, ensuring a smooth borrowing experience.
These apps cater to diverse financial needs for salaried employees, self-employed individuals, or students. With features like minimal documentation, competitive interest rates, and flexible repayment terms, they simplify borrowing and make financial independence accessible anytime, anywhere. Choose the right app to meet your financial goals effortlessly.
List of 25 Best Instant Loan Apps in India for 2025
In 2025, many instant loan apps will be available in India. These apps offer quick access to funds with minimal documentation, making them ideal for urgent financial needs.
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| Instant Loan Apps | Interest Rate(Per annum) | Loan Amount | Tenure | Approval and Disbursal Time |
| NoBroker InstaCash | 12.99% | ₹1000000 | 72 months | Within Seconds |
| Prefr | 10% to 16% | ₹500000 | 12 to 48 months | 48 hours |
| Incred | 13.99% to 42% | ₹300000 | 12 to 60 months | 12 to 48 hours |
| MoneyView | 15.96% | ₹1000000 | 60 months | 24 hours |
| KreditBee | 8% to 29.95% | ₹500000 | 4 – 36 months | 10 minutes |
| Kissht | 15% to 24% | ₹500000 | 3 to 36 months | 5 minutes |
| Upwards | 12% to 22% | ₹200000 | 60- months | 24 hours |
| Privo | 9.99% to 39.99% | ₹500000 | 3 to 60 months | 5 minutes |
| NIRA | 24% to 36% | ₹100000 | 12 months | 48 hours |
| FlexSalary | 35.10% | ₹200000 | 10 to 36 months | 48 hours |
| MoneyTap | 13% | ₹500000 | 3-36 months | 1 day |
| PaySense | 16.8% | ₹5000- ₹500000 | 24 months | 2 days |
| LazyPay | 18% – 28% | ₹500000 | 3-24 months | 5 minutes |
| Navi | 9.9% to 45% | ₹2000000 | 48 months | 20 minutes |
| CASHe | 27% to 33% | ₹400000 | 90-540 days | 1 day |
| Dhani | 13.99% | ₹15000000 | 90 days | Instant |
| mPokket | 11.99% | ₹45000 | 90 days | 10 minutes |
| TrueBalance | 24% | ₹5000 – ₹125000 | 3-12 months | 30 minutes |
| Pocketly | 24% -36% | ₹50000 | 1 – 4 months | 1 day |
| Buddy Loan | 11.99% | ₹15000000 | 6 months to 5 years | 48 hours |
Top-Rated 25 Instant Loan Apps in India – Detailed Information
Here are the best online loan apps in India. Explore, compare, and make an informed decision to secure financial stability. Click, apply, and experience the ease of instant loans with the best.
1. NoBroker InstaCash App
NoBroker InstaCash, an exclusive offering for verified tenants and homeowners, provides a personal credit line with a substantial limit of ₹10 lakhs. Users enjoy instant approval based on their NoBroker profile and credit score. The funds are disbursed within 24 hours directly to the bank account, making it a reliable choice for those needing quick financial assistance. With no requirement for collateral, flexible repayment options, and a pre-approved limit, NoBroker InstaCash stands out as a top-tier personal loan app.
- Maximum Limit: ₹10 lakhs
- Interest Rate: 12.99% onwards
- Repayment Tenure: 12-60 months
- Documents Required: Aadhar card, address proof, PAN card
- Eligibility Criteria: Citizen of India, Salaried, Self-employed, age limit of 21 to 60 years
- Approval and Disbursal Time: 2 minutes
- Processing Fee – 0.25% to 1%
Pros:
- Instant Approval: This offers quick access to funds, which is beneficial for urgent financial needs.
- Minimal Documentation: Reduces the hassle and time required for loan processing, making it more convenient
- Flexible Repayment Options: Provides borrowers with the ability to choose repayment schedules that suit their financial situation.
Cons:
- Credit Score Dependency: Higher loan amounts may be contingent on having a good credit score, potentially excluding individuals with less favourable credit histories.
2. Prefr App
Prefer positions itself as a leading choice among instant personal loan apps. Boasting a simple and 100% digital processing system, Prefr offers a hassle-free experience for users. With no collateral required and a flexible tenure ranging from 12 to 48 months, borrowers can customize their loan experience to suit their needs. Prefr’s competitive interest rates make it an attractive option for those seeking efficient and straightforward loan solutions.
- Maximum Limit: ₹5 lakhs
- Interest Rate: 10% to 16% PA
- Repayment Tenure: 12 to 48 months
- Documents Required: PAN card, photo ID, address proof
- Eligibility Criteria: Citizen of India, Salaried, Self-employed, age limit of 21 to 60 years
- Approval and Disbursal Time: 2 hours
- Processing Fee: 3% to 5%
Pros:
- 100% Digital and Simple Processing: Offers a convenient and hassle-free loan application experience.
- No Collateral Required: Makes loans accessible to individuals without assets to pledge.
- Pay-Later Facility: Enables businesses to purchase inventory and manage cash flow effectively.
- Cash Advance Feature: Provides access to liquid funds for working capital and short-term financial needs.
Cons:
- Processing Fees (3%-5%): Adds to the overall cost of the loan.
- Eligibility Criteria: Restricts loans to Indian citizens aged 21-60 who are either salaried or self-employed.
- Terms and Conditions: Requires strict adherence to terms and conditions, with potential membership termination for violations.The user must be 18 years of age or older.
- Account Security Responsibility: Places the burden of account security and confidentiality on the borrower.
3. Incred App
Incred’s loan offering caters to a diverse audience with a maximum limit of ₹3 lakhs. A standout feature is the low processing fee and the flexibility to choose a repayment tenure ranging from 12 to 60 months. Users can also enjoy adding multiple add-ons to their loan, enhancing their overall borrowing experience. Incred focuses on providing a seamless and customizable loan solution for individuals with varying financial needs.
- Maximum Limit: ₹3 lakhs
- Interest Rate: 13.99% to 42% PA
- Repayment Tenure:12 to 60 months
- Documents Required: KYC documents and income documentation
- Eligibility Criteria: Citizen of India, Salaried, Self-employed, age limit of 21 to 60 years
- Approval and Disbursal Time:12 to 48 hours
- Processing Fee: 2% to 5%
Pros:
- Diverse Audience: Aims to serve a wide range of borrowers.
- Flexible Repayment Tenure (12-60 Months): Provides borrowers with extended repayment options, making it more manageable.
- Add-on Options: Allows customization of the loan to better suit individual needs.
- Relatively Quick Approval and Disbursal Time (12 to 48 hours): provides access to funds in a reasonable amount of time.
Cons:
- High Interest Rate Range (13.99% to 42% PA): The upper end of the interest rate range can be significantly high, potentially making the loan expensive.
- Processing Fees (2% to 5%): Adds to the overall cost of the loan.·
- Documentation Required: Requires KYC documents and income documentation, which can be a hassle for some
4. Moneyview App
Moneyview distinguishes itself with a range of standout features. Offering loans with no hidden charges and a paperless processing system, Moneyview provides a user-friendly experience. Borrowers can opt for repayment tenures of up to 60 months, giving them the flexibility to manage their finances effectively. The digital-centric approach ensures quick disbursal, making Moneyview a top choice for those seeking transparency and convenience in their loan application process.
- Maximum Limit: ₹10 lakhs
- Interest Rate: From 1.33% per month
- Repayment Tenure: 60 months
- Documents Required: Aadhar card, utility bill, PAN card, Voter ID
- Eligibility Criteria: Citizen of India, Salaried, Self-employed, age limit of 21 to 57 years
- Approval and Disbursal Time: 24 hours
- Processing Fee: 2% of the loan amount
Pros:
- No Hidden Charges: Promotes transparency and builds trust with borrowers.
- Paperless Processing: Simplifies the loan application process and enhances convenience.
- Flexible Repayment Tenure (Up to 60 Months): Allows borrowers to manage their finances effectively with extended repayment options.
- Quick Disbursal (24 Hours): Offers fast access to funds.
- Relatively low processing fee (2% of the loan amount): This is on the lower end of processing fees than similar applications.
Cons:
- Documentation Required: Requires an Aadhar card, utility bill, PAN card, and Voter ID, which can be a lot of documentation for some.
- Interest Rate (From 1.33% per month): While it appears low, it is listed as a monthly rate. To compare it to the other yearly rates, it would be 15.96% yearly. While this is not terrible, knowing the monthly versus yearly rates is important.
5. KreditBee App
KreditBee takes the lead in rapid loan disbursal, offering a significant advantage to users. The convenience of having the loan amount credited directly to the bank account in just 15 minutes sets KreditBee apart. It caters to individuals looking for a swift and efficient financial solution with a completely online processing system, nominal processing fees, and collateral-free approvals. KreditBee’s commitment to speed and accessibility makes it a preferred choice among borrowers.
- Maximum Limit: ₹5 lakhs
- Interest Rate: 8% to 29.95% PA
- Repayment Tenure: 4 – 36 months
- Documents Required: Salary slips, Voter ID, Aadhar card, PAN card
- Eligibility Criteria: Citizen of India, Salaried, Self-employed, age limit of 21 to 60 years
- Approval and Disbursal Time:10 minutes
- Processing Fee: 6.5% of the loan amount
Pros:
- Rapid Loan Disbursal (10-15 minutes): Provides extremely fast access to funds, a crucial advantage for urgent financial needs.
- Completely Online Processing: Offers a convenient and efficient loan application experience.
- Collateral-Free Approvals: Makes loans accessible to individuals without assets to pledge.
Cons:
- High Processing Fee (6.5% of the loan amount): Significantly increases the overall cost of borrowing.
- Documentation Requirements: Requiring salary slips, voter id, Aadhar card, and PAN card can make it difficult for some people to obtain a loan.
6. Kissht App
Kissht is a formidable player in instant personal loans accessible through the BankSathi application. Offering one of the lowest interest rates and low processing fees, Kissht provides borrowers with a versatile loan tenure ranging from 3 to 36 months. Additionally, borrowers benefit from a repayment tenure of up to 24 months, with no minimum foreclosure window and no charges for early foreclosure. The combination of competitive rates and flexible terms makes Kissht an attractive option for those seeking comprehensive loan solutions.
- Maximum Limit: ₹5 lakhs
- Interest Rate: 15% to 24% PA
- Repayment Tenure: 3 to 36 months
- Documents Required: PAN card, Aadhar card, Income proof
- Eligibility Criteria: Citizen of India, Salaried, Self-employed, age limit of 21 to 60 years
- Approval and Disbursal Time: 5 minutes
- Processing Fee: 6% of the loan amount
Pros:
- Relatively Low Interest Rates (15% to 24% PA): Offers competitive interest rates, making borrowing more affordable.
- Flexible Repayment Tenure (3 to 36 months) with no foreclosure charges: Provides borrowers with customisable repayment options and the ability to repay early without penalties.
- Very quick approval and disbursal time (5 minutes): This is a very fast turnaround time for loan dispersal.
Cons:
- High Processing Fee (6% of the loan amount): The processing fee is significant and adds a substantial cost to the loan.
- Documentation Requirements: Requiring a PAN card, Aadhar card, and income proof can burden some applicants.
7. Upwards App
Upwards Personal Loans are designed to lead individuals toward upward financial success. With a 100% digital loan application process, fast and quick disbursement of loan amounts, and minimal documentation requirements, Upwards ensures a streamlined borrowing experience. Borrowers can enjoy a 12 to 60-month tenure for repayment, allowing them to tailor their loan experience to their specific financial circumstances. The efficiency of the application process and appealing terms make Upwards a noteworthy option in the instant loan landscape.
- Maximum Limit: ₹2 lakhs
- Interest Rate: 12% to 22% PA
- Repayment Tenure: 60-months
- Documents Required: Bank statement, PAN card, address proof, Aadhar card
- Eligibility Criteria: Citizen of India, Salaried, Self-employed, age limit of 21 to 60 years
- Approval and Disbursal Time: 24 hours
- Processing Fee: 6% of the loan amount
Pros:
- 100% Digital Loan Application & Minimal Documentation: Provides a convenient and streamlined borrowing experience.
- Flexible Repayment Tenure (Up to 60 Months): Allows borrowers to tailor their repayment schedule.
- Relatively Competitive Interest Rate (12% to 22% PA): This range is reasonable.
Cons:
- Maximum Loan Limit (₹2 Lakhs): This may not be sufficient for individuals with larger financial needs.
- A High Processing Fee (6% of the loan amount) significantly increases the overall cost of the loan.
8. Privo App
Privo is a reliable ally in emergencies, offering a seamless and rapid loan application process. With no foreclosure charges or hidden fees, Privo ensures a transparent borrowing experience. The quick and paperless processing, coupled with one of the lowest processing fees, makes it an appealing choice for those seeking a straightforward and efficient loan solution. Borrowers can opt for repayment tenures ranging from 3 to 60 months, providing flexibility and convenience.
- Maximum Limit: ₹5 lakhs
- Interest Rate: 9.99% to 39.99% PA
- Repayment Tenure: 3 to 60 months
- Documents Required: Bank statement, PAN card, address proof, Aadhar card
- Eligibility Criteria: Citizen of India, Salaried, Self-employed, age limit of 21 to 60 years
- Approval and Disbursal Time: 5 minutes
- Processing Fee: 5% of the loan amount
Pros:
- Rapid Approval and Disbursal (5 minutes): This option offers extremely fast access to funds, which is critical for emergencies.
- Transparent Borrowing (No Foreclosure Charges or Hidden Fees): Builds trust and provides clarity to borrowers.
- Flexible Repayment Tenure (3 to 60 months): Allows borrowers to customize their repayment schedule.
Cons:
- Relatively High Maximum Interest Rate (Up to 39.99% PA): While the minimum is good, the higher end of the range is very high.
- Processing Fee (5% of the loan amount): This is a relatively high processing fee that increases the overall cost of the loan.
9. NIRA App
NIRA aims to give users the advantage of a manageable, small instant personal loan that can be effortlessly repaid. Borrowers can enjoy a repayment tenure of up to 12 months; the process does not need collaterals. With loan approval in just two steps, NIRA caters to those seeking a quick and straightforward borrowing experience. While the loan amount is limited, NIRA’s focus on simplicity and accessibility makes it a viable option for specific financial needs.
- Maximum Limit: ₹1 lakh
- Interest Rate: 24% to 36% PA
- Repayment Tenure: 12 months
- Documents Required: 3 months salary slips, bank statement, PAN card, address proof, Aadhar card
- Eligibility Criteria: Citizen of India, Salaried, Self-employed, age limit of 21 to 55 years
- Approval and Disbursal Time: 48 hours
- Processing Fee: 2% to 7% of the loan amount
Pros:
- Simple and Quick Approval Process (2 steps): Offers a straightforward and efficient borrowing experience.
- No Collateral Required: Makes loans accessible to individuals without assets to pledge.
- Manageable Repayment Tenure: 12-month repayment is easy to understand.
Cons:
- The Low Maximum Loan Limit (₹1 Lakh) may not be sufficient for individuals with larger financial needs.
- High Interest Rate Range (24% to 36% PA): The interest rates are high, significantly increasing the cost of borrowing.
- The High Processing Fee Range (2% to 7% of the loan amount) significantly increases the loan cost.
- Relatively High Documentation Requirements: Requiring salary slips, bank statements, PAN cards, address proof, and Aadhar cards adds a lot of burden on the user.
10. FlexSalary App
FlexSalary caters to individuals seeking a credit line with a maximum limit of ₹2 lakhs. With an interest rate of 35.10% per annum, FlexSalary offers borrowers the flexibility they need. While the interest rate is relatively higher, the platform targets those with varying credit histories. Focusing on providing a credit line instead of a lump sum amount distinguishes FlexSalary as an option for those with fluctuating financial needs.
- Maximum Limit: ₹2 lakhs
- Interest Rate: 35.10% PA
- Repayment Tenure: 10 to 36 months
- Documents Required: Driver’s licence, bank statement, PAN card, address proof, Aadhar card
- Eligibility Criteria: Citizen of India, Salaried, Self-employed, age limit of 21 to 55 years.
- Approval and Disbursal Time: 48 hours
- Processing Fee: ₹1250
Pros:
- Credit Line Structure: Provides access to a revolving credit line, which is useful for fluctuating financial needs, rather than a single lump sum.
- Target Varied Credit Histories: This may be more accessible to individuals with less-than-perfect credit.
Cons:
- High Interest Rate (35.10% PA): This is a very high interest rate, significantly increasing the cost of borrowing.
- Relatively High Documentation Requirements: Requiring a driver’s license, bank statements, PAN card, address proof, and Aadhar card adds a lot of burden on the user.
- Relatively low Loan limit: The maximum loan limit is only two lakhs.
11. MoneyTap
MoneyTap is a leading financial app in India that offers convenient access to credit lines and personal loans. With its user-friendly interface, MoneyTap simplifies borrowing, allowing users to apply for loans within minutes. It provides an interest rate of 13% per annum.
- Maximum Limit: ₹5 lakhs
- Interest Rate: 13% PA
- Repayment Tenure: 3-36 months
- Documents Required: Driver’s licence, bank statement, PAN card, address proof, Aadhar card
- Eligibility Criteria: Citizen of India, Salaried, Self-employed, age limit of 21 to 60 years, credit score of 650
- Approval and Disbursal Time: 24 hours
- Processing Fee: ₹499
Pros:
- User-Friendly Interface: Simplifies the borrowing process, making it accessible to many users.
- Relatively Low Interest Rate (13% PA): Offers a competitive interest rate, making borrowing more affordable.
- Credit Line and Personal Loan Options: Provides the user with more options.
Cons:
- Documentation Requirements: Requiring a driver’s license, bank statements, PAN card, address proof, and Aadhar card creates a lot of documentation.
- CIBIL Score Requirement (650): Excludes individuals with lower credit scores.
12. PaySense App
PaySense is a prominent instant loan app in India, specialising in providing hassle-free personal loans. It offers a convenient and straightforward process for users with minimal documentation requirements. The app ensures transparency and clarity throughout the application process, with no hidden fees.
- Maximum Limit: ₹5 lakhs
- Interest Rate: 16.8% PA
- Repayment Tenure: 24 months
- Documents Required: Photograph, PAN card, address proof, Aadhar card
- Eligibility Criteria: Citizen of India, Salaried, Self-employed, age limit of 21 to 60 years
- Approval and Disbursal Time: 2 days
- Processing Fee: 2.5% of the loan amount
Pros:
- Minimal Documentation: Offers a relatively streamlined application process.
- Transparency (No Hidden Fees): Builds trust and provides clarity for borrowers.
- Reasonable Interest Rate: 16.8% is a fair yearly interest rate.
Cons:
- Approval and Disbursal Time (2 days): While not excessively long, it’s not as fast as some competitors offering same-day or near-instant disbursal.
- Processing Fee (2.5% of the loan amount): This adds to the overall cost of the loan.
13. LazyPay App
LazyPay is a popular instant loan app in India known for its lightning-fast approval process. The app often provides loans in just 90 seconds. The interest rates range from 18% to 28% annually. LazyPay caters to individuals’ urgent financial needs, ensuring prompt disbursement of funds without lengthy procedures.
- Maximum Limit: ₹5 lakhs
- Interest Rate: 18% – 28% PA
- Repayment Tenure: 3-24 months
- Documents Required: Photograph, PAN card, address proof, Aadhar card
- Eligibility Criteria: Citizen of India, Salaried, Self-employed, age limit of 21 to 60 years
- Approval and Disbursal Time: 90 seconds
- Processing Fee: 2% of the loan amount
Pros:
- Extremely Fast Approval and Disbursal (90 seconds): This is a significant advantage for urgent financial needs.
- Relatively Simple Documentation: The required documentation is not as extensive as in other loan applications.
Cons:
- Interest Rate Range (18% – 28% PA): While the lower end is reasonable, the upper end can be quite high, increasing the cost of borrowing.
- Processing Fee (2% of the loan amount): This fee will add to the total loan cost.
14. Navi App
Navi is an instant loan provider in India renowned for its swift approval process. It often disburses funds within just 20 minutes of application. Offering loans with interest rates ranging from 9.9% to 45% per annum, Navi caters to a wide range of borrowers’ financial needs.
- Maximum Limit: ₹20 lakhs
- Interest Rate: 9.9% – 45% p.a.
- Repayment Tenure: 48 months
- Documents Required: Photograph, PAN card, address proof, Aadhar card
- Eligibility Criteria: Citizen of India, Salaried, Self-employed, age limit of 21 to 60 years
- Approval and Disbursal Time: 20 minutes
- Processing Fee: Nil
Pros:
- Extremely Fast Approval and Disbursal (20 minutes): This service provides very quick access to funds, which is excellent for urgent needs.
- High Maximum Loan Limit (₹20 Lakhs): Caters to individuals with significant financial requirements.
- No Processing Fee: This saves the user much money compared to other loan providers.
Cons:
- Very Wide Interest Rate Range (9.9% – 45% PA): While the lower end is attractive, the upper end is extremely high, indicating a significant potential for expensive loans.
- Potential for very high interest rates: The 45% maximum interest rate is very high and could cause financial hardship for the borrower.
15. CASHe App
CASHe is India’s leading instant loan provider, known for its efficient approval process, which typically completes approvals within one day. With interest rates ranging from 2.75 to 33% annually, CASHe offers quick access to funds for various financial needs. This app caters to individuals seeking financial assistance, providing stress-free loans with minimal documentation requirements.
- Maximum Limit: ₹4 lakhs
- Interest Rate: 27% to 33% PA
- Repayment Tenure: 90 to 540days
- Documents Required: Photograph, PAN card, address proof, Aadhar card
- Eligibility Criteria: Citizen of India, Salaried, Self-employed, age limit of 21 to 60 years
- Approval and Disbursal Time: One day
- Processing Fee: 2% of the loan amount
Pros:
- Relatively Fast Approval Process (One day): Offers a quick turnaround for loan approvals.
- Minimal Documentation: Simplifies the application process, making it more convenient.
Cons:
- High Interest Rate Range (27% to 33% PA): These are relatively high interest rates, significantly increasing the cost of borrowing.
- Processing Fee (2% of the loan amount): This fee will add to the total loan cost.
- Relatively short loan repayment terms: 90 to 540 days is shorter than many other loan providers.
16. Dhani App
Dhani offers loan approvals with instant disbursement of funds. The required documents include a PAN card and proof of address. The interest rate for Dhani starts at 13.99% per annum. The platform’s instant loan approval process makes it a preferred option for individuals seeking immediate financial assistance.
- Maximum Limit: ₹15 lakhs
- Interest Rate: 13.99% PA
- Repayment Tenure: 90 days
- Documents Required: Photograph, PAN card, address proof, Aadhar card
- Eligibility Criteria: Citizen of India, Salaried, Self-employed, age limit of 21 to 60 years
- Approval and Disbursal Time: Instant
- Processing Fee: 5% of the loan amount
Pros:
- Instant Disbursement: Provides very quick access to funds.
- Relatively Low Rating Interest Rate (13.99% PA): A competitive Rating interest rate is offered.
- High Loan Limit: 15 Lakhs is a very high loan limit.
Cons:
- Short Repayment Tenure (90 days): A 90-day repayment period is very short, which could create financial pressure for borrowers.
- High Processing Fee (5% of the loan amount): This is a significant processing fee, adding a substantial cost to the loan.
17. mPokket App
mPokket is a financial platform that offers quick and convenient loans to individuals needing immediate funds. mPokket ensures that borrowers can receive loan approvals within 10 minutes. mPokket offers an interest rate of 11.99% per annum.
- Maximum Limit: ₹45000
- Interest Rate: 11.99% PA
- Repayment Tenure: 90 months
- Documents Required: Photograph, PAN card, address proof, Aadhar card
- Eligibility Criteria: Citizen of India, Salaried, Self-employed, age limit of 21 to 60 years
- Approval and Disbursal Time: 10 minutes
- Processing Fee: ₹50 to ₹200
Pros:
- Quick Approval and Disbursal (10 minutes): Provides rapid access to funds, which is excellent for immediate needs.
- Relatively Low Interest Rate (11.99% PA): Offers a competitive interest rate.
- Relatively low Processing fees: The processing fees are very low.
Cons:
- Low Maximum Loan Limit (₹45,000): This may not be sufficient for individuals with larger financial requirements.
- The repayment term for such a small loan is long: 90 months is an extremely long time to pay back 45,000 rupees.
18. TrueBalance App
TrueBalance prioritises efficiency and accessibility for borrowers needing quick loans. With a commitment to speedy service, TrueBalance offers loan approval within just 30 minutes. While focusing on convenience, TrueBalance also provides an interest rate of 24% annually.
- Maximum Limit: ₹1.25 lakhs
- Interest Rate: 24% PA
- Repayment Tenure: 3-12 months
- Documents Required: Photograph, PAN card, address proof, Aadhar card
- Eligibility Criteria: Citizen of India, Salaried, Self-employed, age limit of 21 to 60 years
- Approval and Disbursal Time: 30 minutes
- Processing Fee:
Pros:
- Quick Loan Approval (30 minutes): Offers a relatively fast approval process for those needing quick funds.
- Relatively Simple Application Process: The required documentation is not as extensive as in other loan applications.
Cons:
- Relatively High Interest Rate (24% PA): This interest rate is on the higher side, increasing the overall cost of borrowing.
- Low Maximum Loan Limit (₹1.25 Lakhs): This may not be suitable for individuals with larger financial needs.
- Short Repayment Tenure: 3 to 12 months for repayment is a short amount of time.
19. Pocketly App
Pocketly is a reliable financial platform dedicated to providing accessible loans to individuals in need. Focusing on thorough assessment and responsible lending, Pocketly offers loan approval within one day and flexibility in interest rates, ranging from 24% to 36% annually.
- Maximum Limit: ₹50000
- Interest Rate: 24% to 36% PA
- Repayment Tenure: 1 – 4 months
- Documents Required: Photograph, PAN card, address proof, Aadhar card
- Eligibility Criteria: Citizen of India, Salaried, Self-employed, age limit of 21 to 60 years
- Approval and Disbursal Time: one day
- Processing Fee: 0% on cash loan
Pros:
- No Processing Fee on Cash Loans: This is a significant advantage, reducing the overall cost of borrowing.
- Focus on Responsible Lending: Implies a commitment to ethical lending practices.
Cons:
- High Interest Rate Range (24% to 36% PA): These are relatively high interest rates, significantly increasing the cost of borrowing.
- Low Maximum Loan Limit (₹50,000): This may not be sufficient for individuals with larger financial needs.
- Very Short Repayment Tenure (1-4 months): This is a very short repayment period, potentially creating financial strain.
20. Buddy Loan App
Buddy Loan offers accessible loans focused on efficiency and affordability. The borrowers can expect approval within 48 hours, ensuring a prompt response to their financial needs. Moreover, Buddy Loan provides interest rates at a favourable 11.99% annually.
- Maximum Limit: ₹15 lakhs
- Interest Rate: 11.99% PA
- Repayment Tenure: 6 months to 5 years
- Documents Required: Photograph, PAN card, address proof, Aadhar card
- Eligibility Criteria: Citizen of India, Salaried, Self-employed, age limit of 21 to 60 years
- Approval and Disbursal Time: 48 hours
- Processing Fee: 2% of the loan amount
Pros:
- Relatively Low Interest Rate (11.99% PA): Offers a competitive interest rate, making borrowing more affordable.
- High Maximum Loan Limit (₹15 Lakhs): Caters to individuals with significant financial requirements.
- Long Repayment Tenure: 6 months to 5 years offers good flexibility.
Cons:
- Approval and Disbursal Time (48 hours): While not excessively long, it’s not as fast as some competitors offering same-day or near-instant disbursal.
- Processing Fee (2% of the loan amount): This fee will add to the total loan cost.
21. Fibe
Fibe offers a seamless loan experience with a fully digital application process. Known for its swift approval and disbursal, Fibe ensures you don’t have to wait long to access funds. It’s a reliable choice for salaried and self-employed individuals with flexible repayment tenures and competitive interest rates.
- Maximum Loan Limit: ₹2 Lakhs
- Interest Rate: 12% to 22% per annum
- Repayment Tenure: Up to 60 months
- Documents Required: PAN card, Aadhaar card, bank statement, and address proof
- Eligibility Criteria: Indian citizen, aged between 21 to 60 years, salaried or self-employed
- Approval and Disbursal Time: Within 24 hours
- Processing Fee: 6% of the loan amount
Pros:
- Fully Digital Application Process: Offers a convenient and streamlined borrowing experience.
- Flexible Repayment Tenure (Up to 60 months): Allows borrowers to tailor their repayment schedule.
- Reasonable Interest Rate: 12-22% is a fair yearly interest rate.
Cons:
- Relatively Low Maximum Loan Limit (₹2 Lakhs): This may not be sufficient for individuals with larger financial needs.
- High Processing Fee (6% of the loan amount): This is a significant processing fee, adding a substantial cost to the loan.
22. LoanTap App
LoanTap caters to diverse loan needs, from personal loans to credit-line facilities. With minimal paperwork and a fast-tracked application process, LoanTap ensures borrowers can access funds without unnecessary delays. Its tailored loan solutions make it a preferred choice for many.
- Maximum Loan Limit: ₹2 Lakhs
- Interest Rate: 12% to 22% per annum
- Repayment Tenure: Up to 60 months
- Documents Required: PAN card, Aadhaar card, bank statement, and address proof
- Eligibility Criteria: Indian citizen, aged between 21 to 60 years, salaried or self-employed
- Approval and Disbursal Time: Within 24 hours
- Processing Fee: 6% of the loan amount
Pros:
- Diverse Loan Options: Offers personal loans and credit line facilities, catering to various financial needs.
- Fast-Tracked Application Process & Minimal Paperwork: Ensures quick access to funds with a streamlined application.
- Flexible Repayment Tenure: Up to 60 months, gives the user flexibility.
Cons:
- Relatively Low Maximum Loan Limit (₹2 Lakhs): This may not be sufficient for individuals with larger financial requirements.
- A High Processing Fee (6% of the loan amount) adds a significant cost to the overall loan.
23. Bajaj Finserv
Bajaj Finserv is a trusted name in the financial services sector. It offers instant personal loans with attractive features. Borrowers benefit from flexible tenures, competitive interest rates, and a hassle-free digital process. Its credibility and efficiency make it a standout option for those seeking instant loans.
- Maximum Loan Limit: ₹2 Lakhs
- Interest Rate: 12% to 22% per annum
- Repayment Tenure: Up to 60 months
- Documents Required: PAN card, Aadhaar card, bank statement, and address proof
- Eligibility Criteria: Indian citizen, aged between 21 to 60 years, salaried or self-employed
- Approval and Disbursal Time: Within 24 hours
- Processing Fee: 6% of the loan amount
Pros:
- Trusted Brand: Leverages the credibility and established reputation of Bajaj Finserv.
- Flexible Tenures & Competitive Interest Rates: Offers favorable terms to borrowers.
- Hassle-Free Digital Process: Provides a convenient and streamlined application experience.
Cons:
- Relatively Low Maximum Loan Limit (₹2 Lakhs): This may not meet the needs of those requiring larger loan amounts.
- High Processing Fee (6% of the loan amount): Adds a significant cost to the overall loan.
24. IndiaLends App
IndiaLends simplifies the loan process with its intuitive app interface and quick disbursal mechanisms. It offers personalized loan solutions for varying financial needs, ensuring a smooth borrowing experience with minimal documentation requirements.
- Maximum Loan Limit: ₹2 Lakhs
- Interest Rate: 12% to 22% per annum
- Repayment Tenure: Up to 60 months
- Documents Required: PAN card, Aadhaar card, bank statement, and address proof
- Eligibility Criteria: Indian citizen, aged between 21 to 60 years, salaried or self-employed
- Approval and Disbursal Time: Within 24 hours
- Processing Fee: 6% of the loan amount
Pros:
- Intuitive App Interface: Simplifies the loan application process, making it user-friendly.
- Quick Disbursal Mechanisms: Ensures timely access to funds.
- Personalized Loan Solutions: Offers tailored loan options to meet individual financial needs.
Cons:
- Relatively Low Maximum Loan Limit (₹2 Lakhs): This may not be sufficient for individuals with larger financial requirements.
- High Processing Fee (6% of the loan amount): Adds a significant cost to the overall loan.
25. RupeeRedee App
RupeeRedee leverages technology to provide instant loans to borrowers with varying credit profiles. Its user-friendly app ensures a smooth loan application process, with quick approvals and disbursals. Borrowers appreciate the transparency and ease of accessing funds.
- Maximum Loan Limit: ₹2 Lakhs
- Interest Rate: 12% to 22% per annum
- Repayment Tenure: Up to 60 months
- Documents Required: PAN card, Aadhaar card, bank statement, and address proof
- Eligibility Criteria: Indian citizen, aged between 21 to 60 years, salaried or self-employed
- Approval and Disbursal Time: Within 24 hours
- Processing Fee: 6% of the loan amount
Pros:
- Technology-Driven & User-Friendly App: Provides a smooth and convenient application process.
- Quick Approvals and Disbursals: Ensures timely access to funds.
- Transparency and Ease of Access: Focuses on clear and straightforward processes for borrowers.
Cons:
- Relatively Low Maximum Loan Limit (₹2 Lakhs): This may not be sufficient for individuals with larger financial needs.
- A High Processing Fee (6% of the loan amount) adds a significant cost to the overall loan.
Benefits of Instant Loan Apps in India
In India’s fast-paced financial landscape, instant loan apps have become indispensable. They offer a lifeline for urgent needs, bypassing traditional banking delays. With streamlined digital processes, these apps provide quick access to funds, revolutionizing how individuals manage immediate financial requirements.
- Fast funds: Quick approval, direct deposit, ideal for urgent financial needs.
- Paperless: Apply from the phone, no physical documents, saves time.
- Rapid approval: Automated systems, fast credit checks, quick money transfer.
- 24/7 access: Apply anytime, day or night, with convenient financial assistance.
- Flexible terms: Choose repayment options that suit individual financial situations.
- Credit access: Loans for diverse credit profiles expand financial aid access.
Documents Required for Personal Loan
Here are the documents required for instant loan apps in India:
- KYC documents like Aadhar card, driving licence, PAN card
- Income proof
- Three months salary slip
- Address proof
- Photograph
Eligibility Criteria For Personal Loan
Here’s the eligibility criteria for instant loan apps in India:
- Citizen of India
- Age limit of 21 to 60 years old
- Minimum CIBIL score of 650
- Salaried or self-employed with a minimum of ₹10000 monthly income.
How To Apply For a Loan On An App
Here are the easy steps to apply for the instant loan on an app in India:
- Download the lender’s app.
- Create an account
- Check the eligibility criteria
- Fill out the application
- Submit your KYC verification
- Loan approval and disbursement
List of Best Personal Loan App Posts:
Get Instant Cash With NoBroker InstaCash
Now that you are familiar with India’s top 25 instant loan apps, let’s see which is the best. NoBroker InstaCash is one of the fastest instant loan apps and stands as a reliable and efficient companion for those seeking instant cash solutions. With its user-friendly features, substantial borrowing limit, and commitment to transparency, NoBroker InstaCash is more than just a loan app—it’s a financial ally in times of need.
Whether facing unexpected expenses or seizing an opportunity, NoBroker InstaCash ensures that instant cash is just a few clicks away. Embrace financial freedom with NoBroker InstaCash and experience the convenience of swift and reliable access to funds.
Frequently Asked Questions
Ans: To find the best personal loan app, consider factors such as interest rates, repayment terms, and user reviews. Explore apps like NoBroker InstaCash, Prefr, and Moneyview for competitive options.
Ans: Online personal loans offer convenience, quick approval, and easy access to funds. Explore the best online personal loans to experience a hassle-free borrowing process.
Ans: Several loan apps offer low-interest rates. However few of the low-interest personal loan apps are NoBroker InstaCAsh, Prefr, Upwards, and Privo. They are known for their competitive rates and favourable terms on personal loans.
Ans: Yes, many quick loan apps provide swift approvals and fast disbursals. Consider NoBroker InstaCash, and Upwards for speedy access to funds in times of urgency.
Ans: Among the top contenders for emergency loans, the NoBroker Insta Cash app stands out for its quick, hassle-free processing, making it an excellent choice for immediate financial needs.
Ans: Check online reviews from other users to gauge the app’s reputation. Look for 7 days loan apps with transparent interest rates and fees. Ensure the lender is a registered NBFC (Non-Banking Financial Company).
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