Top 25 Personal Loan Online Apps

top personal loan online apps

Top Personal Loan Online Apps

A recent study by Andromeda and Equifax reports that there was a 50% surge in personal loans in the retail industry. Surprisingly, NBFCs disbursed the maximum number of personal loans compared to private banks. Having a positive growth curve, personal loans have become the go-to option during sudden financial crunches. With the increased demand, many banks and NBFCs have started providing personal loans online. So all you need to do is download the app and apply for a personal loan. However, with a variety of personal loan online apps available, you must do thorough research before applying for one, which is a tedious process. Hence this article will be an all-inclusive guide to show you the top personal loan online apps available in India. Do read till the end and choose the best instant personal loan app!

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Comparative Table of Top 25 Personal Loan Online Apps in India

App Interest Rate Loan Amount Tenure App Rating (Out of 5)
Buddy Loan 11.99% p.a Rs 10,000 to Rs 15 lakhs 12 months to 60 months 4.4 Download App
PaySense 16%-36% (APR)  Rs 5,000 – Rs 5 Lakh 90 Days to 540 Days 4.4 Download App
Money Tap 13 to 36% p.a  Rs 3,000 – Rs 5 Lakh 2 Months to 36 Months 4.1 Download App
Dhani 13.99% P.A  Rs 1,000 – Rs 15 Lakh 3 Months to 24 Months 3.6 Download App
India Lends 10.75% – 25% p.a  Rs 15,000 – Rs 50 lakh 12 Months to 60 Months 3.8 Download App
KreditBee 24% – 29.95% p.a Max Rs 3 Lakh Max 24 Months 4.5 Download App
Nira 24% to 36% (APR)  Rs 10,000 – Rs 1 Lakh 3 Months to 12 Months 4.4 Download App
Cashe 2.50% Per Month  Rs 1000 – Rs 4 lakh Max 18 Months 4.3 Download App
Money View 16% to 39% (APR)  Rs 5,000 – Rs 5 Lakh 3 Months to 60 Months 4.7 Download App
Fibe 24% – 30% (P.A.)  Up to Rs 5 Lakh 6 Months to 36 Months 4.5 Download App
Smart Coin 20% – 36% (P.A.)  Rs 1,000 – Rs 70,000 91 Days to 270 Days 4.5 Download App
Home Credit 24% – 49.5% Up to Rs 5 Lakh 12 Months to 48 Months 4.4 Download App
LazyPay 18% – 25% (P.A.) Up to Rs 5 Lakh 3 Months to 24 Months 4.4 Download App
mPokket Starting at 52%  Rs 1000 – Rs 30,000 Max 4 Months 4.4 Download App
FlexiSalary 36% (APR) Up to Rs. 2 Lakh Up to 3 Years 4.6 Download App
Bajaj Finserv 10.49% p.a. onwards  Up to Rs 50 Lakh 1 year to 5 Years 4.5 Download App
Loan Tap 11% – 24%  Rs 50,000 – Rs 10 lakh 6 Months to 60 Months 4.0 Download App
Rupee Redee 0.20% per day  Rs 2,000 – Rs 25,000 7 Days to 3 Months 3.9 Download App
Stashfin 11.99% – 59.99% APR  Rs 1000 – Rs 5 lakh 3 Months to 36 Months 3.8 Download App
Credy 12% – 18% Up to Rs 1 Lakh 3 Months to 12 Months 3.8 Download App
Upwards Starting at 9% Up to Rs 2 Lakh Up to 60 Months 4.2 Download App
Zest 0% – 36% (APR) Up to Rs 2 Lakh Payments over 3 or 6,9,12 Months 4.2 Download App
Fullerton India 11.99% – 36% Up to Rs 25 Lakh 12 Months to 60 Months 4.1 Download App
Navi 9.9% p.a. onwards Up to Rs 20 lakh Up to 72 Months 4.3 Download App
Pay Me India 18% to 42% (APR) Rs 2,000 to Rs 2 Lakh 0 to 2 months 3.9 Download App

Note: The interest rates of banks are subject to change, so do visit their official website to get their updated rates.

From the above table, you can have an overview of the best personal loan apps. These applications give you instant access to cash in times of need. You can get a personal loan within a few hours with minimum documentation and a paperless process. However, it is also important to know the features and benefits that each personal loan app offers.

So, let us have a detailed observation at our Top picks for best personal loan online apps.

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Buddy Loan

Buddy loan is India’s fastest-growing instant loan app, built with the latest technology to fulfil all financial needs. It is one of the biggest loan aggregators that will turn your dream into reality. You can use the Buddy Loan application to get an instant personal loan online for medical emergencies, travel on your dream vacation, make wedding plans, or grow your business. India’s best personal loan app offers instant loans from Rs 10,000 to Rs 15 lakhs with an interest rate starting from 11.9% per annum.

Benefits and Features:

  1. Nil-Collateral: You can get an instant personal loan without collateral through Buddy Loan.
  2. Flexible loan tenure: Flexible loan tenures start from 6 months to 60 months, and you can choose the convenient term.
  3. High Approval rates: With Buddy Loan being the biggest loan aggregator, your loan getting approved is very high.
  4. Affordable interest rates: The interest rates at Buddy Loan are low, starting from just 11.99% per annum. You can quickly get a loan with a good credit score at lower interest rates.
  5. Quick disbursal: The loan will get sanctioned within 48 hours of submission.
  6. No Hidden charges: There are no prepayment or hidden charges included.
  7. Secure: The information that you provide is held safe and confidential.
  8. Minimum Documentation: You must submit only minimum documents like Aadhar Card, PAN Card, Passport, etc., for KYC verification and income proof like bank statements and salary slips.
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Sayali Karanjkar and Prashanth Ranganathan in Mumbai founded PaySense. Both salaried professionals and self-employed individuals are eligible to apply for instant personal loans. The minimum salary required to get a personal loan is Rs 18,000 per month to avail of a personal loan from PaySense.

Benefits and Features:

  1. Instant personal loans: You can get personal loans starting from Rs 5000 to Rs 5 lakhs to fit all your needs and requirements.
  2. Quick Approvals & Disbursals: Get instant loan approval and money in your account within a few hours.
  3. Paperless Documentation: You must upload scanned images of your KYC documents and sign your loan application digitally.
  4. Flexible EMI plans: You can choose EMI plans that are easy to manage with reminders. You can also opt for auto-debit features, so you don’t miss out on timely payments.
  5. One-click personal loans: You can get another personal loan with just one-time documentation in just a click. No further verification is required.
  6. Zero Credit History: Individuals new to the credit can apply for a personal loan.


MoneyTap is a money lending company that offers personal loans at flexible interest rates. It serves clients in Delhi NCR, Mumbai, Bangalore, Hyderabad, and Chennai.

Benefits and Features:

  1. Borrow flexibly: Borrow as much as the loan amount is required from your personal line of credit with MoneyTap.
  2. No usage, no interest: The interest rates on your personal loan will be applied only to the amount you borrow and not to your entire credit limit.
  3. Safe & Secure loans: The information you provide is processed and stored with banking-level security controls.
  4. Credit limit available for a lifetime: Your credit limit will be recharged as you repay your loan amount and will allow you to withdraw cash multiple times.
  5. No collateral, no guarantors: You can access money whenever you need it the most without any collateral.
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KreditBee offers instant personal loans for young working professionals. You can get a personal loan of up to Rs 1 Lakh. The loan application process is 100% online.

Benefits and Features:

  1. Lower Interest Rates: Get personal loans for various purposes at lower interest rates that suit your requirements.
  2. Quick Processing and Disbursal: You can easily apply for a personal loan online and get your loan amount directly in your bank in just 10 minutes.
  3. Easy Repayment Options: With flexible tenure options, you can repay your loan amount in easy EMI plans.
  4. 100% Paperless: There is no paperwork or physical documentation required. You can apply and get a personal loan online.
  5. Safe, Secure, and Transparent: The loan application process is completely secure and safe, and no hidden charges are included.
  6. Collateral Free: No collateral is required when applying for personal loans.

Money View

With the Money View personal loan app, you can get a personal loan in just 2 hours. With Money View, you can get a personal loan in just 2 hours. You can use it to remodel your home, buy an expensive ride or cover your wedding expenses.

Benefits and Features:

  1. Quick Process: A personal loan from Money View is online, fast, easy, and flexible.
  2. Flexible repayment tenure: You can choose the repayment tenure for your loan amount at your convenience.
  3. Own Credit Model: You can get the best personal loan offers regardless of your credit score.
  4. 100% Transparent: No hidden charges are included when availing of a personal loan.
  5. Hassle-free: 100% Paperless loan application process
  6. Easy EMI: You can repay your loan amount in 3 to 60 Months as per convenience.
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With the one-time application, one-time approval, and instant disbursals, FlexiSalary offers access to credit anytime. No fixed EMIs are making it act as an advance salary loan app.

Benefits and Features:

  1. No collateral: FlexSalary offers unsecured personal loans. Hence, you need not pledge your assets as collateral to get your loan approved.
  2. No worries about your CIBIL score: You can get loan approval even if you have a low CIBIL score.
  3. Need emergency cash: You can avail of a personal loan to cover medical emergencies and need cash instantly. Apply and get approved in a few hours with FlexiSalary.
  4. Loan for all purposes: If you have low income, existing debts, or bad credit history, FlexSalary can help you cover your needs.
  5. Don’t pay excess interest: You have to pay interest only for the money you withdraw. This means that if you don’t use your money, you don’t have to pay interest.

Bajaj Finserv

Bajaj Finserv offers instant personal loans to women, government and public sector unit (PSU) employees, schoolteachers, college professors, and more. Once your loan gets approved, you can borrow as much as you want from your approved loan amount without reapplying for the loan. Moreover, you can reduce your instalments by up to 45% by paying interest-only EMIs.

Benefits and Features:

  1. Collateral-free loan: Get up to Rs 35 lakhs personal loan without any collateral.
  2. Instant Approval: Get instant sanction on your personal loan with simple eligibility criteria and a quick verification process.
  3. Minimum Documentation: Provide minimum documents and get your loan instantly approved.
  4. Quick Disbursal: Get your loan amount disbursed into your bank account within 24 hours of verification.
  5. Convenient Repayment: You have the freedom to choose the tenure of your loan at your convenience.
  6. No hidden charges: No hidden charges are applied when availing of the loan.
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Loan Tap

LoanTap is an online lending platform that offers instant, flexible loans on loan terms to salaried professionals and self-employed individuals. It offers a variety of innovative products such as personal loans, personal overdrafts, EMI-free loans, credit card takeover loans, rental security deposit loans, advance salary loans, and house owner loans.

Benefits and Features:

  1. Customized Personal Loans: With LoanTap, you can get instant offers, quick disbursals & customised personal loans as per your requirements.
  2. Secured Data System: The data you provide is secure and encrypted.
  3. Instant Approval & Disbursal: The loan process is completely online. Hence your loan will get disbursed within 24-36 hours.
  4. User-friendly: The app is easy to use, convenient & user friendly. Hence you can use LoanTap for a seamless customer journey.
  5. Flexible loan repayment option: You can select your loan tenure and payment options towards principal outstanding according to your need.

Fullerton India

Fullerton India is registered as an NBFC, Investment and Credit Company with the Reserve Bank of India. It offers personal loans for both salaried and self-employed individuals. With a minimum documentation process, this loan app disburses your loan amount within 30 minutes of verification.

Benefits and Features:

  1. You can get loans up to 25 lakhs based on your eligibility.
  2. Affordable interest rates.
  3. Flexible loan repayment tenures between 12-60 months.
  4. Complete digital process of the loan application.
  5. Tools such as EMI Calculator, Eligibility Calculator, and Amortization Calculator can be used to plan your loan beforehand.
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The Navi app is a new fintech start-up with a user-friendly interface. The app offers personal loans to meet your financial requirements, such as medical bills, travelling expenses, renting a venue, etc. With minimal documentation, the personal loan platform focuses on making financial services transparent, simple, and accessible.

Benefits and Features:

  1. 100% Paperless Process
  2. Minimal Documentation
  3. Simple & Secure Process
  4. 24/7 Customer Support


StashFin is a startup founded by a team of experienced professionals from the financial sector to make lending easier for people in India. You can easily apply for an instant loan through its online loan app. Your loan application will be approved, and the money will be disbursed in almost no time.

Benefits and Features:

  1. You can get personal loans up to Rs 5,00,000
  2. You can get 0% interest for up to 30 days
  3. Flexible loan repayment tenure starting from 3 to 36 months
  4. You have to pay interest only on the amount of money utilised
  5. You can access instant funds for various needs.

Final Take Away: The Best Personal Loan App?

Getting a personal loan was never this quick, and an instant personal loan online app makes it easier. With numerous personal loan apps available in the market, the options to choose instant loans have also increased, making it convenient for you to seek an urgent personal loan. However, it would be best if you did thorough research and a quick comparison between the various personal loan apps online.

Likewise, if you are looking for a personal loan app that has a hassle-free process and affordable interest rates, Buddy Loan app is the best option. You can avail of a personal loan from top-trusted lenders of your choice with minimum documentation in just a few hours at your fingertips.

Download Personal Loan App

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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Q. Can I check my personal loan status with a personal loan app?
Yes, you can easily check your personal loan application status by logging into your account on the website or you can check using the personal loan app of the lender you have applied to as well.

Q. How to check my credit score for free?
You can check your free credit score using Buddy Score and get an instant credit report to keep track of your credit health.