25 Best Instant Personal Loan Apps In India

Instant Personal Loan Apps In India

Instant Personal Loan Apps In India

The 21st century is marked by a fast-paced lifestyle, where people encounter unexpected financial emergencies. It can be for credit card bills, EMIs, medical emergencies, sudden repair costs, or anything and the demand for instant cash is ever-present. Fortunately, instant loan apps have stepped in as a solution.

These instant loan applications provide quick and hassle-free personal loans with minimum to zero documentation. It doesn’t matter if you are a student or a self-employed individual, you can find an instant personal loan app online that fits your needs like instant loan app for students or  instant loan app for self-employed. In this blog, we will explore some of India’s  best instant loan apps, their features, and how to apply for one.

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25 Best Instant Personal Loan Apps In India

If you are someone who is expecting a quick overview of the best instant personal loan applications, then we have got you covered. Here is a list of the ‘25 best instant loan apps in India’.

Buddy Loan:

Buddy Loan is one of the top instant loan apps because they have instant loan approval. You’ll get your money in just a click, usually within 48 hours, and they keep it simple with minimal paperwork. Plus, it offers some of the best personal loan interest rates around, and you won’t find any hidden fees. It’s a safe and easy way to get the cash you need.

Loan Details:

Loan Amount ₹10,000 – ₹15 Lakh
Interest Rate  11.99% p.a.
Tenure  6 months – 5 years
App Ratings 4.4

Fibe:

Fibe loan app, formerly known as EarlySalary is a quick and easiest way to get instant personal loans. In just 8 minutes, your loan gets approved and the money will be credited instantly, provided you fulfil all the eligibility criteria. It’s 100% online, with nor paperwork. You can choose your repayment tenure, and there are no extra prepayment and foreclosure charges.

Loan Details:

Loan Amount ₹5,000 – ₹5 Lakh
Interest Rate  24% – 30% p.a.
Tenure  3 months – 24 months
App Ratings  4.2

Loan Apps In India

PaySense:

PaySense loan app online is a great choice for quick and easy personal loans. It offers quick loan approvals with no paperwork, while also providing affordable monthly payment plans. Applicants without strong credit histories can still apply. PaySense makes getting the money you need simple and hassle-free.

Loan Details:

Loan Amount ₹5,000 – ₹5 Lakh
Interest Rate  16% – 36% p.a
Tenure  3 months – 5 years
App Ratings  3.7
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IndiaLends:

IndiaLends is one of the best online instant loan apps, when you need a quick personal loan. It gives instant approval and the money is transferred to you shortly. You don’t have to worry about providing any collateral, and the paperwork is minimal, all done digitally. Your information is safe and secure, and the loan app provides reliable customer support to assist you. With IndiaLends, getting a personal loan is a straightforward and secure process.

Loan Details:

Loan Amount ₹15,000 – ₹50 Lakh
Interest Rate 10.75% – 25% p.a.
Tenure 12 months – 60 months
App Ratings 3.8

Nira:

Nira is an instant loan approval app that makes getting a loan a breeze with just two simple steps.  Your loan will be approved within minutes and you will receive your money within 24 hours.. You can choose the loan amount and repayment period that suits you best. Plus, they keep the paperwork to a minimum and offer competitive interest rates. This is an easy and quick way to secure funds.

Loan Details:

Loan Amount ₹5,000 – ₹1 Lakh
Interest Rate 24% – 36% p.a..
Tenure 3 months – 12 months
App Ratings 4.3

CASHe:

CASHe loan app is all about convenience. It involves a fully digital process, and offers easy user experience to explore loan options that work for you. The user-friendly app is available around the clock, and it even reminds you before your repayment is due. It’s a smart choice for hassle-free loans.

Loan Details:

Loan Amount ₹1,000 – ₹4 Lakh
Interest Rate 2.25% per month onwards
Tenure 3 months – 18 months
App Ratings 3.7

Money View:

Money View instant personal loan app is like your financial buddy, It generates personalised offers that suit you perfectly. You can choose your loan amount and the repayment tenure. It’s all safe, secure, and transparent, with no collateral. It even assists those with lower credit scores. Best of all, there is no hidden fee or extra charge. It’s a straightforward way to get the loan amount you need.

Loan Details:

Loan Amount ₹5,000 – ₹10 Lakhs
Interest Rate 1.33% per month onwards
Tenure 3 months – 60 months
App Ratings 4.7
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SmartCoin:

SmartCoin makes getting a personal loan super simple. You can apply easily, and receive the amount in no time. No need to worry about giving collateral and there are no processing fees and pre-closure charges with easy repayment options. And if you prefer, you can use the app in seven different languages. The app is all about making things convenient for you!

Loan Details:

Loan Amount ₹1,000 – ₹1 Lakh
Interest Rate 2% – 2.50% per month
Tenure 2 months – 12 months
App Ratings 4.1

MoneyTap:

MoneyTap is your go-to app for easy loans. It approves your loan quickly and gives the money right away. You only pay interest on what you borrow, no extra charges. No need to provide collateral or guarantees either. As you repay, you can recharge the credit limit. Multiple withdrawal facilities are also available.

Loan Details:

Loan Amount ₹3,000 – ₹5 Lakh
Interest Rate 1.08% p.m & 12.96% p.a.
Tenure 3 months – 3 years
App Ratings 4.1

mPokket:

mPokket is the quick solution for loans. It approves your loan and disburses the money in just 2 minutes. You don’t need to provide any collateral, which makes it hassle-free. It offers loans to students and salaried individuals, and the whole process is done online. mPokket is a great choice if you need money fast without any hassles!

Loan Details:

Loan Amount ₹500 – ₹30,000
Interest Rate 1% – 4% per month
Tenure 61 days – 120 days
App Ratings 4.4
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Home Credit:

When you need a personal loan instantly, Home Credit is the way to go. It approves your loan in just 5 minutes, and there are no hidden charges. Everything is done digitally, so no extra paperwork. There is no need to provide collateral or a guarantee either. Your data is safe, secure, and the process is transparent. Plus, it offers convenient repayment options. It’s a quick, easy, and trustworthy choice for personal loans.

Loan Details:

Loan Amount ₹10,000 – ₹5 Lakh
Interest Rate 24% – 34% p.a.
Tenure 3 months – 51 months
App Ratings 4.2

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FlexiSalary:

FlexiSalary offers speedy personal loans without the need for collateral and with a high credit limit. There are no extra charges or penalties for early repayment. You just pay interest on what you spend, making it a straightforward, and flexible option for personal loan requirements.

Loan Details:

Loan Amount ₹500 – ₹2 Lakh
Interest Rate 18% – 54% p.a
Tenure 10 months – 36 months
App Ratings 4.6

Bajaj Finserv:

Bajaj Finserv provides personal loans with simple eligibility criteria and no collateral. You can enjoy lower EMIs, quick approval, and fast disbursal of funds. It offers flexible repayment time, and no hidden charges. It’s a convenient option for your personal loan needs.

Loan Details:

Loan Amount ₹30,000 – ₹40 Lakh
Interest Rate 12% – 34% p.a.
Tenure 12 months – 84 months
App Ratings 4.4
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KreditBee:

KreditBee is your quick loan solution, as the money is disbursed in just 10 minutes. It offers simple repayment plans, and everything is online, which makes the loan application process convenient. There is 24/7 loan disbursement. You won’t have any trouble with the paperwork, and they’re safe, secure, and transparent.

Loan Details:

Loan Amount ₹1,000 – ₹4 Lakh
Interest Rate 24% – 29.95% p.a.
Tenure Up to 24 months
App Ratings 4.4

LoanTap:

LoanTap provides customised personal loans with instant disbursal. You can get the money you need quickly without the need for collateral. Your data is securely handled, and its user-friendly interface makes the process easy. LoanTap offers flexible repayment options to suit your needs, making it a professional and convenient choice for your financial requirements.

Loan Details:

Loan Amount ₹50,000 – ₹10 Lakh
Interest Rate 18% – 30% p.a.
Tenure 3 months – 60 months
App Ratings 4.2

RupeeRedee:

RupeeRedee offers a safe, quick, and hassle-free loan application process. It aims to be a ‘Lender for All’, focusing on providing easy access to loans. You can get loan approval in just 2 minutes, and the entire process is 100% digital. It’s an easy and convenient way to get the financial assistance you need.

Loan Details:

Loan Amount ₹2,000 – ₹30,000
Interest Rate 34% – 36% p.a.
Tenure 7 days – 6 months
App Ratings 3.9

Stashfin:

Statshfin is one of the top instant loan apps with speedy processing times and instant disbursal of funds. It offers low interest rates and flexible repayment options. Plus, you only pay interest on the amount utilised, and for the first 30 days, there is no interest rate. It is a great option for those looking for a hassle-free and cost-effective way to get a loan.

Loan Details:

Loan Amount ₹1,000 – ₹5 Lakh
Interest Rate 11.99% – 59.99% p.a.
Tenure 3 months – 36 months
App Ratings 3.8
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Credy:

Credy is a go-to app for instant loan approval and quick money disbursal, all within just 24 hours. It offers round-the-clock service with simple repayment plans and a completely online process. It’s a convenient and hassle-free way to get the funds you need when you need them.

Loan Details:

Loan Amount Up to ₹1 Lakh
Interest Rate 1% – 1.5% per month
Tenure 3 months – 12 months
App Ratings 3.8

Fullerton India:

Fullerton India is one of the best instant loan apps online as it provides ample loan amounts. It makes the process easy with 100% paperless documentation, and you’ll see the loan amount in your account within just 24 hours. The best part is that no collateral is required, and they offer competitive interest rates, making it a convenient choice for your financial needs.

Loan Details:

Loan Amount ₹10,000 – ₹30 Lakhs
Interest Rate 8.00% – 24% p.a.
Tenure 6 months – 36 months
App Ratings 3.4

Upwards:

With Upwards, you don’t have to wait long for loan approval, it takes just 2 hours. Plus, it offers instant disbursal of funds and affordable interest rates. The processing is super fast, and it requires minimal documentation. Upwards provides hassle-free personal loans, making it a quick and easy choice for your emergency loans.

Loan Details:

Loan Amount ₹15,000 – ₹5 Lakh
Interest Rate 16% – 32% p.a.
Tenure 3 months – 36 months
App Ratings 3.4

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ZestMoney:

ZestMoney instant loan app is all about speed and flexibility. It offers quick approval for your loan needs. You can enjoy flexible EMIs with no down payment. Repayment is convenient and there are no hidden charges because they have a transparent fee structure. ZestMoney makes borrowing money an easy and user-friendly experience.

Loan Details:

Loan Amount Up to ₹2 Lakh
Interest Rate 10.99% – 36% p.a.
Tenure 30 days – 12 months
App Ratings 3.8
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Navi:

Navi is one of the top financial companies that offers instant personal loans in 20 minutes. The process is 100% digital and there is no collateral required, no processing fees or hidden charges. It offers a wide range of repayment options to suit your needs. If you are looking for a quick and easy way to get a personal loan, Navi is a good option to consider.

Loan Details:

Loan Amount Up to ₹20 Lakh
Interest Rate 9.9% – 45% p.a.
Tenure 3 months – 72 months
App Ratings 4.3

PayMe India:

Payme India offers quick, hassle-free loans with low interest rates and instant approvals. It’s a 100% paperless process, requiring zero documents. There are no hidden fees, and you don’t have to provide any collateral. Your loan will be credited to your account in just 2 minutes with easy repayment options.

Loan Details:

Loan Amount Up to ₹10 Lakh
Interest Rate 36% – 54% p.a.
Tenure 3 months – 24 months
App Ratings 4.0

LazyPay:

LazyPay is a well-known lending platform that makes borrowing money easy. It’s 100% digital, so you can apply at any hour of the day. There are no hidden fees or extra charges, and every process is transparent. You have the flexibility to choose your repayment tenure and don’t need to provide any collateral. Getting the funds you need is made easier with LazyPay.

Loan Details:

Loan Amount ₹10,000 – ₹1 Lakh
Interest Rate 18% – 25% p.a.
Tenure 3 months – 24 months
App Ratings 4.3
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Dhani:

Dhani is your one-click solution for instant personal loans. It’s incredibly easy to apply, with minimal documentation required. You’ll get quick approval, and the loan amount is instantly disbursed to your account. You can choose a flexible tenure and enjoy easy EMI options. Dhani offers various types of personal loans to cater to specific needs, ensuring you get the financial help you require without any hassle.

Loan Details:

Loan Amount ₹1,000 – ₹15 Lakh
Interest Rate 13.99% p.a.
Tenure 3 months – 24 months
App Ratings 3.6

How To Apply For Instant Personal Loan In Buddy Loan App

Follow these steps to apply for a Small Cash Loan on aadhaar Card in Buddy Loan:

1: Visit buddyloan.com or Download & install the Buddy Loan app (Android or iOS).

2: Open the personal loan application page. Provide the mobile number and enter the received OTP.

3: Specify the desired loan amount & personal email. Next, choose the Personal Loan option

4: Choose the employment type (Salaried, Self-Employed, or Student) and the salary mode (bank or cash).

5: Enter your work details (Including company name, years of service and Designation) 

6: Enter your personal details (Including Full Name, PAN, address, DOB & Gender)

7: Provide your communication address, and income details and Click the ‘Submit’ button.

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Features and Benefits

Features and Benefits

Instant personal loan apps offer several valuable features and benefits, making them an attractive choice for borrowers. The features and benefits of an online instant loan app are listed below.

Quick Approval & Speedy Disbursal:

These apps provide quick approval, often within minutes. Within a few hours or minutes after approval, funds are generally disbursed to your bank account making it ideal for urgent financial needs.

Minimal Documentation:

To minimise paperwork difficulties, these instant loan apps require basic KYC details and income proof.

Flexible Loan Options:

Unlike conventional banking, online banking gives you the freedom to choose the loan amount and repayment period based on your needs.

No Collateral:

As Instant personal loans are unsecured loans, you don’t need to provide any collateral or security. It makes the loan accessible to a wide range of people.

24/7 Accessibility:

With these instant personal loan apps you can access money anywhere at any time. It ensures financial assistance and guarantees.

Competitive Interest Rates & Offers:

There is growing competition among instant loan lending platforms. You can take advantage of this, compare different apps, and opt for the one that provides low-interest rates with attractive offers. Despite slightly higher interest rates than banks, many instant loan apps offer competitive rates compared to other forms of short-term credit, such as credit cards.

Convenience:

Instant loan apps are easy to use, offer convenient payment options, and makes it easy to check the status of applications.

Conclusion

Online instant loan apps have revolutionised the way we deal with financial emergencies, offering convenience, speed, and flexibility. With the top 25 instant personal loan apps provided, you can definitely find a platform that aligns with your needs. Always remember to be financially responsible, and borrow only the money you can repay on time. With the right instant loan app by your side, you can manage unexpected expenses with confidence.

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Get a loan instantly! Best Personal Loan App for your needs!!

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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Interest rates starts @11.99% p.a. onwards

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Frequently Asked Questions

Q. Which app gives you a loan immediately?
A.
Apps like Buddy Loan, Nira, Dhani, MoneyTap, and CASHe are few apps that offer instant loans.

Q. How can I get a loan immediately?
A.
To get a loan immediately, download the Buddy Loan app or any instant loan app, complete the application, and provide the required documents.

Q. Which app can I borrow 5000 from?
A.
You can borrow 5000 from apps like mPokket, LazyPay, or Payme India.

Q. Which app gives a 20k loan?
A.
Apps like FlexiSalary, PaySense, or Credy offer loans of up to 20,000.

Q. How to get a 10k loan immediately?
A.
To get a 10,000 loan immediately, use loan apps like Buddy Loan, Nira, Upwards, or ZestMoney and follow their application process.