Top 10 Best Instant Personal Loan Apps in India

Are you looking for instant personal loans? If yes, your search ends here, since we compiled a list of Best Instant Personal Loan Apps in India. So, here we’ll be specifically discussing the ones those exhibit of offering instant personal loans to individuals.

A financial shortage for any person is a challenging task to overcome. Provided that you are a salaried person, the best solution would be to take a loan. Commonly, loans are offered by banks. Though they seem to be quite reliable, the higher interest rates and the lengthy processing time are some deal-breakers when looking for instant personal loans. Even if you turn towards family and friends, it’s quite an embarrassing moment to ask them for financial support.  

So, where do you turn your head to get instant loans? Especially in a country like India, where availing of loans is quite complicated and straining. To help those in desperate needs of instant loans, there are some certified instant loans apps that anyone can try out and avail a decent amount of financial strength to be paid off over some time with a reasonable interest rate. So, let’s grab deeper details on the instant loan apps.

Instant Personal Loan Apps in India: Best List

Here’s a list of trending Personal Loan Apps in India. A random list of some of the popular instant loan apps in India!

1. MoneyTap

Unlike traditional bank loans, MoneyTap is an exciting way of getting credit. The personal loan app charges credit on the amount you use to from the loan request. In turn, making it entirely feasible for several loan seeking aspirants to choose the platform. They have flexible interest rate schemes and have their services across all metropolitan cities across the country. Users can get the application either from the play store or the app store. 

To give you a brief example, let’s say you have taken a loan of 1,00,000 rupees and use only 50,000 rupees. Through MoneyTap, the user will only have to pay 56,500 rupees (adding 13% interest) at the end of one year. Unlike personal loan from a bank, where you will have to pay 1,13,000 rupees by the end of the year for the same 13% interest. 

2. Pay Sense

Pay sense is a lucrative instant loan app that was founded by Prashanth Ranganathan and Sayali Karanjkar. The company is a joint conglomerate of IIFIL and Fullerton to get the necessary loans required for distribution. The platform has an application (available for free on the play store) and a website where users can avail of loans ranging from 5,000 rupees to 5 lakh rupees. 

The tenure varies anywhere from 3 months to 60 months based on your credit score and total amount required. Pay Sense appeals to a broader audience as people with low credit scores can also avail the loans. 

3. Kredit Bee

Young entrepreneurs, professionals, and millennials looking for a streamlined version of seeking instant loans can check out Kredit Bee. It’s your one-stop-shop solution for all loan related queries, and availing of them is as simple as downloading the application, registering yourself, seek the loan option and have the amount credited to your account in a matter of minutes. 

The minimum amount of loan possible from the application is 1,000 rupees, and the maximum is at 1 lakh rupees. It’s a free application, so you can easily download it from the play store.  

4. Dhani

Instant loans through the application of Dhani is quite a straightforward process. Through its paperless document verifications scheme, users can avail of instant loans of up to 15 lakh rupees at an attractive interest of 12%. However, these numbers are entirely based on the customer’s credit score.  

Through the application, users can avail of loans as little as 1,000 rupees and go all the way to 15 lakh rupees. Dhani’s entire venture is backed by Indiabulls, which makes it a lucrative platform to check out for instant loan approvals. You can download it from the play store and app store.  

5. IndiaLends

Different instant loan apps offer competitive interest rates on their loans, and IndiaLends one of them. They offer loan approvals in less than 48 hours and are quite diligent on the documents you submit. Based on your credit score, they provide significant tenures for repayment of loans, great interest rates, and much more. IndiaLends is one of the highly popular personal loan apps that can be downloaded easily from the play store and app store. 

As an emerging instant loan app, it thrives in using data and information to streamline their services and offering useful features to their customers through its dedicated app and website. Such features include risk assessments, EMI calculators, etc. 


One of the budding loan lending companies on the list, NIRA is a fintech company that offers instant loan approval within 3 minutes. Of course, you have to finish all the verification steps and authentication factors. Users can take loans starting from 5,000 rupees and go all the way till 1 lakh rupees. 

The repayment time depends entirely on your credit score, which could be anywhere from 3 months to 12 months. Even the interest rate is entirely dependent upon this. Another benefit of using this application is that people who have a low credit score can avail of instant loans. The app is available on the play store free to download. 

7. CASHe

Unlike the other instant personal loan apps on the list, CASHe is more of a short-term loan lender that adheres perfectly to salaried professionals. The amount can vary from 5,000 rupees to 2 lakh rupees. Although the possibility of individuals having a low CIBIL score availing a loan is questionable, the other documents you will require are a PAN card, bank statement, salary slips, and further necessary government ID proof. 

The application comprises a calculator that helps figure out your interest rates over a particular period. The personal loans that are taken can be for a tenure of 15 days to 6 months. Users can pay the amount back either through monthly deposits, bank transfers, or cheque deposits. 

8. Money View

Getting instant loans has never been easier, and it’s thanks to Money View to make that experience simpler. Users can get the loans instantly within 2 hours (provided everything checks out). It’s an entirely paperless experience where getting loans ranging from 10,000 rupees to 5 lakh rupees is feasible. 

The duration to pay them back is quite tangible. Users can get the app from the play store or access their services through their website as well. 

9. Capital First Limited

Ever heard of loans getting sanctioned to the users in a matter of minutes? Well, it’s where Capital First Limited application comes to the bigger picture. Users can avail of loans ranging from 1 lakh rupees to 25 lakh rupees. The tenure that users can take to repay the loan is anywhere from 1-5 years. 

Capital First Limited is a robust application that provides decent customer service, user-friendly app design from where availing and clearing loans are possible. There are no hidden charges in availing loans but a specified interest rate that has to be paid to the platform. The application is available on the play store for free. 

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10. Credy Technologies

Another great addition to the instant loan apps in India is Credy technologies. Ever heard about personalizing loans? Well, through Credy technologies, users can seek loans starting from 10,000 rupees to 1,00,000 rupees. The interest rate is variable but fixed at 12% annually. 

The minimum duration that the user can take to pay the loan is 3 – 15 months.  What makes this platform unique is that users don’t have any collateral to provide the platform and individuals with low CIBIL score individuals cannot avail of loans instantly. The application is exclusively available on the play store. 


Through the above-given apps, availing of instant personal loans takes minutes to be credit to your account. Do keep in mind that no matter the loan amount, the interest and duration will be fixed based on your credit score.

However, you will need to have a stable job and draw a median salary every month to get any loans through these apps. Before you choose any, ensure that you compare each of them and select the one that suits your preference. Choose the one that assists your needs and go for it. All the best!

And yes, I am not endorsing any of these instant personal loan apps in India. I tried to assemble data from the respective loan sites displaying what they are currently offering to loan aspirants. So do, checkout with them before applying anywhere.

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