In today’s fast-moving world, waiting for days or weeks to get a loan approval just doesn’t work, especially when unexpected expenses pop up or exciting opportunities come your way. We’ve got you covered every step of the way, from downloading the app to getting your funds. Say farewell to never-ending paperwork and those long waits–let’s jump into a world of instant financial empowerment. Here are 10 of the fastest instant loan apps in India:
1. Buddy Loan:
Buddy Loan is a loan service providing platform that provides personal loans to salaried individuals and business owners. You can complete the application process in a few minutes online, and it is very simple. Buddy Loan is a safe platform that is backed by RBI-regulated lenders.
Features & Benefits:
- Maximum loan up to ₹15 lakhs.
- Flexible repayment terms of 12 to 60 months.
- Competitive interest rates starting at 11.99% p.a.
- No hidden charges.
- Simple and quick application process.
- Safe and secure platform.
For individuals looking for a personal loan, Buddy Loan is a good option. The company offers a variety of loan products to meet your financial needs. With a simple application process, you can apply for a loan online in a few minutes and get approved quickly.
Interested to learn more about Buddy Loan? or download the Buddy Loan app from Google Playstore.
2. PaySense:
PaySense is a venture backed, financial services startup. It offers instant personal loans to salaried individuals and self-employed borrowers in India. PaySense provides loans up to ₹5 lakhs with flexible repayment terms of 6 to 36 months. The interest rates start at 16% p.a. and there are no hidden charges. The application process is simple and can be completed online within minutes.
Features & Benefits:
- Maximum loan up to ₹5 lakhs
- Flexible repayment terms of 6 to 36 months; you can choose a repayment plan that suits your needs.
- Interest rates starting at 16% p.a.
- No hidden charges; keep track of your payment.
- Simple and quick application process
- Safe and secure platform
PaySense acts as a great fastest loan app for your personal loan needs, it offers a variety of loan products that meet each individual needs. You can apply for a loan online in just a few minutes and get approved quickly.
3. Navi Loans:
Navi is a digital lending platform that offers personal loans to salaried individuals and business owners in India. It is the latest venture by Sachin Bansal, former co-founder of Flipkart, and Ankit Agarwal, a former Deutsche Bank and Bank of America banker.
Founded in Dec 2018, Navi provides loans with flexible repayment terms of 12 to 72 months. The interest rates start at 9.9% p.a. with no hidden charges.
You can complete the application process for a loan easily online.Instant personal loans up to ₹20 lakhs
Features & Benefits:
- Flexible repayment terms of 12 to 72 months
- Competitive interest rates starting at 9.9% p.a.
- No hidden charges
- Simple and quick application process
- Safe and secure platform
To get an instant loan from Navi you can download their app or apply through the Navi website.
4. Nira:
Nira Finance is a lending platform that offers easy credit, 24/7 support, and a variety of financial products. It has gained popularity among borrowers because of its favorable interest rates and EMI calculator.
Features & Benefits:
- Instant personal loans up to ₹1 lakh.
- Flexible repayment terms of 6 to 12 months
- Competitive interest rates starting at 2% per month
- Minimum salary requirement is relatively lower: Rs 12000.
- No hidden charges
- Simple and quick application process
- Safe and secure platform
If you are looking for easy credit and 24/7 support, Nira Finance is a good option to consider. Apply online today and get approved in minutes!
5. Moneyview:
Founded in 2015, Moneyview aims to provide access to world class financial products to every Indian with a smartphone. They provide personal loans, credit cards, and investment products to salaried individuals and self-employed borrowers in India. They use artificial intelligence (AI) to create credit models that are on par with traditional models. This allows them to provide the right credit solutions to the right users in a simplified manner.
Features & Benefits:
- Personal loans: Up to ₹10 lakhs with flexible repayment terms of 3 to 60 months.
- Credit cards: Moneyview offers credit cards with a variety of benefits, including cashback, rewards, and travel insurance.
- Investment products: Moneyview offers investment products, such as mutual funds and stocks, to help you grow your wealth.
- Own Credit Model: Moneyview uses its own credit model to assess the creditworthiness of borrowers, which gives them access to better interest rates and terms.
- Paperless application process: Moneyview offers a paperless application process, which makes it quick and easy to apply for a loan or credit card.
- 24/7 customer support: Moneyview offers 24/7 customer support, so you can get help whenever you need it.
Moneyview offers new age banking with a digital savings account that is powered by Suryoday Bank. You can enjoy instant activation, life-time free virtual card and cashbacks on every spendings. Moneyview is a good option indeed when it comes to availing personal loans.
6. IndiaLends:
IndiaLends is a financial technology start-up, headquartered in Delhi, NCR. Aims to make personal loans easily accessible with good assistance. At IndiaLends they provide instant and affordable loans with a quick and simplified online application process. India Lends uses AI to assess the creditworthiness of borrowers, which can lead to better lending decisions.
Features & Benefits:
- Maximum Loan Amount up to ₹50 lakh
- Interest Rate starting from 10.25% p.a.
- Loan tenure ranging 6 months to 5 years
- India Lends provides borrowers with a transparent lending process, so they know what to expect.
- Secure platform that protects the privacy of borrowers’ data.
7. Fullerton:
Fullerton is a non-banking financial company (NBFC) that provides financial services to individuals and businesses in India. In 2007, Fullerton established the company and its headquarters is in Mumbai. It has a presence in over 200 cities in India, catering urban and rural segments.
Features & Benefits:
- Maximum Loan Amount: Rs 25 Lakhs
- Interest Rate starts from 99% p.a.
- Loan tenure: 1 year to 5 years
- Providing a variety of loan offers for different segment of borrowers.
- Other financial services: Fullerton also offers a variety of other financial services, such as wealth management, insurance, and credit cards.
Fullerton is a regulated NBFC by the Reserve Bank of India (RBI). The company is committed to providing its customers with reliable and affordable financial services.
8. CASHe:
CASHe is a digital lending platform that offers instant personal loans to salaried individuals in India. The company was founded in 2016 and is headquartered in Bengaluru.
If the eligibility criteria are met, you can apply for a CASHe loan online. The application process is simple and quick. The reviewing of your information will take only a few hours. Once approved, the lender will credit the money to your bank account within 24 hours..
Features & Benefits:
- Instant loans: CASHe offers instant loans up to ₹4,00,000.
- Flexible repayment terms: CASHe offers flexible repayment terms of 3 to 18 months.
- Competitive interest rates: CASHe offers competitive interest rates starting at 18% per annum.
- Easy application process: The CASHe application process is simple and can be completed online in minutes.
- Secure platform: CASHe is a secure platform that protects the privacy of your data.
- CASHe is a good option to consider, if you are looking for an instant personal loan. The company offers a variety of loan options to meet your needs. You can apply for a loan online and get approved in minutes.
9. mPokket:
mPokket is a mobile app that provides instant personal loans to salaried individuals and students in India. The company was founded in 2016 and is headquartered in Bengaluru.
Features & Benefits:
- Instant loans: mPokket offers instant loans up to ₹25,000.
- Flexible repayment terms: mPokket offers flexible repayment terms of 3 to 6 months.
- Competitive interest rates: mPokket offers competitive interest rates starting at 24% per annum.
- Easy application process: The mPokket application process is simple and can be completed online in minutes.
- Secure platform: mPokket is a secure platform that protects the privacy of your data.
If you are looking for an instant personal loan, mPokket is a good option to consider. The company offers a variety of loan options to meet your needs. You can apply for a loan online and get approved in minutes.
10. MoneyTap:
MoneyTap is a mobile app that provides instant personal loans to salaried individuals and self-employed borrowers in India. The company was founded in 2015 and is headquartered in Bengaluru. You can also line of credit and use it as early salary option.In that case you have to pay interest on the amount you have used.
Features & Benefits:
- Instant loans: MoneyTap offers instant loans up to ₹50,000.
- Flexible repayment terms: MoneyTap offers flexible repayment terms of 3 to 36 months.
- Competitive interest rates: MoneyTap offers competitive interest rates starting at 19.9% per annum.
- Easy application process: The MoneyTap application process is simple and can be completed online in minutes.
- Secure platform: MoneyTap is a secure platform that protects the privacy of your data.
The application process for personal loan is simple and quick. The Borrower has to provide basic information such as name, address, and contact details. And also need to upload copies of your PAN card, Aadhaar card, and bank statement. Comparing the fastest instant loan app is important while looking for instant personal loans. When choosing an instant loan app, it is important to compare the different options available to you. Consider the amount of money you need, the repayment terms that work best for you, and the interest rates and fees charged by each app. You should also read the terms and conditions carefully before applying for a loan.
It is also important to note that not all instant loan apps are created equal. Some apps may have stricter eligibility criteria or higher interest rates than others. It is important to do your research and choose an app that is right for you.
If you are considering taking out an instant loan, be sure to look around and compare the different options available to you.
What are your thoughts on our blog? Should we include more options or anything else you think should be added? Please share your feedback in the comments below!
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Looking for an instant loan? Buddy Loan helps you get an instant loan from the best RBI-approved lenders. Download the Buddy Loan App from the Play Store or App Store and apply for a loan now!
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FAQs
Q. Which app gives you loan immediately?
A. Apps like Buddy Loan, MoneyTap, and EarlySalary are known for providing loans quickly.
Q. Which app gives instant loan in minutes?
A. Apps like MoneyTap and EarlySalary offer instant loans in minutes.
