25 Best Personal Loan Apps List in India 2025: In today’s time, immediate money can be needed anytime. Be it a wedding, medical expenses, or a sudden need, personal loans are very helpful. The process of getting a loan from traditional banks can be long and complicated. This is where personal loan apps come in handy. These apps allow you to get a loan in minutes from your smartphone. The entire process is online and the documents are also less.
Personal loan apps can be a convenient option to meet an urgent need for funds. But, they should be used thoughtfully. Consider your financial situation and compare interest rates before taking a loan. Loans from personal loan apps are generally costlier than loans from banks because of higher interest rates. Read all the terms and conditions of the app carefully before taking a loan. Take only as much loan as you can repay.
25 Best Personal Loan Apps List in India 2025
Today, instant personal loans offering mobile apps are quite popular to meet urgent requirements. These apps eliminate the long process of taking loans from banks and provide quick loans with less paperwork.
But, with so many apps available, it can be difficult to choose which one is best for you. In this article, we are presenting a list of the top 25 instant personal loan apps in India. However, it is important to note that every app comes with its features and benefits. Therefore, it is important to do a comparative analysis as per your needs and eligibility before taking a loan.
| Personal loan Lender | Interest Rate Charged | Amount Disbursed | Repayment Tenure | Approval and disbursal time |
|---|---|---|---|---|
| Aditya Birla Personal Finance | 13-28% P.A | Rs. 1-50 Lakhs | 1-7 years | 1-2 days |
| PaySense | 16.8-27.6% P.A | Rs. 5,000 to 5 Lakhs | 3-60 months | 1-2 days |
| IndusInd Bank | 11-30% P.A | Rs. 30,000 to 5 Lakhs | 12-60 months | 1-2 days |
| Tata Capital | 11-28% P.A | Rs. 40,000 to 35 Lakhs | 6-84 months | 1-2 days |
| Money view | 16-22% P.A | Rs. 5,000 to 5 Lakhs | 3-60 months | 1-2 days |
| Bajaj Finserv | 11-35% P.A | Rs. 1-40 Lakhs | 6-96 months | 1-2 days |
| KreditBee | 15-30% P.A | Rs. 10,000 to 4 Lakhs | 3-24 months | 1-2 days |
| mPokket | 17.5-30% P.A | Rs. 500 to 30,000 | 3 months | 1-2 days |
| Fibe | 19-36% P.A | Rs. 5,000 to 5 Lakhs | 3-24 months | 1-2 days |
| Home Credit | 24-34% P.A | Rs. 10,000 to 5 Lakhs | 6-48 months | Within 1 day |
| Lazypay | 18-34% P.A | Rs. 3,000 to 5 Lakhs | 3-24 months | Within 1 day |
| Buddy Loan | Starting at 12% P.A | Rs. 10,000 to 15 Lakhs | 12 months to 5 years | 1-2 days |
| LoanFront | 12-36% P.A | Rs. 1,500 to 2 Lakhs | 62-160 days | 15 minutes |
| SmartCoin | 20-36% P.A | Rs. 1,000 to 2 Lakhs | 91-120 days | 1-2 days |
| Finnable | Starting at 16% P.A | Rs. 50,000 to 10 Lakhs | 6-60 months | 6 hours |
| Nira | 24-36% P.A | Rs. 5,000 to 1 Lakh | 3-24 months | 24 hours |
| RapidRupee | 12-36% P.A | Rs. 1,000 to 60,000 | 3-12 months | 30 minutes |
| True balance | 60-154.8% P.A | Rs. 1,000 to 1 Lakh | 62 days to 6 months | Within 1 day |
| mobicred | 12-30% P.A | Rs. 8,000 to 1 Lakh | 90-365 days | 24 hours |
| MoneyTap | 13-18% P.A | Rs. 3,000 to 5 Lakhs | 2-36 months | Few minutes |
| Kissht | 14-28% P.A | Rs. 10,000 to 1 Lakh | 3-24 months | 10-15 minutes |
| IndiaLends | 10.25-25% P.A | Rs. 10,000 to 50 Lakhs | 6-60 months | 1-2 days |
| Navi | 9.9-45% P.A | Rs. 10,000 to 20 Lakhs | 3-72 months | 1 hour |
| Zype | 9.5-34% P.A | Rs. 10,000 to 5 Lakhs | 12-72 months | Within minutes |
| Pocketly | 24-36% P.A | Rs. 500 to 50,000 | 1-4 months | Few minutes |
Documents required for Personal Loan
Here is the list of documents required for a personal loan:
- Identity Proof (Voter ID Card, Passport, Driving license, Aadhar Card, PAN Card etc.)
- Address Proof ( Utility bills, Rental Agreement, Bank Statement etc.)
- Income Proof (Salary slip, Tax Return, Business Documents etc.)
- Credit score or Report
- Proof of Employment
- Bank Statement for the past 3 months
Eligibility Criteria for Personal Loan
To get a loan minimum eligibility is the following:
- You must be an Indian citizen.
- You must be in the age group of 18-65 years.
- You must have a minimum monthly income of INR 15,000.
- You must have a permanent residential address in India.
- You must be employed or self-employed with a steady income.
- You must have a minimum credit score of 650.
Some important Points to know before applying for a loan:
Here are some important points to keep in mind before applying for any loan:
- Loan amount and tenure: Different apps offer different loan amounts and tenures. Choose according to your needs.
- Interest rates: Interest rates on apps can be higher than those on traditional banks. Compare interest rates and choose the one that is easy on your pocket.
- Processing fees: Some apps charge processing fees. Know about the fee beforehand.
- Eligibility criteria: Every app has its eligibility criteria. Make sure you meet their criteria.
FAQ: 25 Best Personal Loan Apps List in India 2025
What are Personal Loan Apps?
Ans: Personal loan apps are mobile applications offered by lenders (banks or NBFCs) that allow you to apply for an instant personal loan entirely online. These loans are typically unsecured (no collateral required) and meant for smaller amounts with shorter repayment terms.
What are the benefits of using Personal Loan Apps?
Ans: Some benefits of Personal Loan Apps in India are the following:
- Convenience: Apply for a loan anytime, anywhere through your smartphone.
- Faster processing: Compared to traditional loans, approvals can be quicker, sometimes within minutes.
- Minimal documentation:Â Often requires minimal paperwork compared to banks.
Are there any drawbacks to using Personal Loan Apps?
Ans: Some important drawbacks are the following:
- Interest rates:Â Interest rates can be on the higher side compared to bank loans.
- Loan amount:Â Loan amounts are usually smaller than those offered by banks.
- Risk of fraud:Â Be cautious of unverified lenders and avoid apps with hidden charges.
Who is eligible for a Personal Loan App loan?
Ans: Eligibility criteria vary between lenders, but generally include:
- Minimum age (usually 18-21)
- Minimum income (varies between apps)
- Indian citizenship
- Valid ID and address proof
How do I apply for a loan through a Personal Loan App?
Ans: Download the app, register, and fill out the application form. The app will usually ask for your basic details, income proof, and bank details. Once submitted, the app will process your application and inform you of the decision.
What are the important points to keep in mind before taking any loan from these apps?
Ans: Consider these points:
- Borrow responsibly:Â Only borrow what you can afford to repay on time.
- Compare interest rates:Â Interest rates can vary significantly. Check with multiple lenders before finalizing.
- Beware of hidden charges:Â Understand all fees associated with the loan (processing fees, late payment fees, etc.).
- Borrow from reputable lenders:Â Only use verified lenders with a good reputation.
