25 Best Personal Loan Apps List in India 2025 (Do Not Miss List)

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.

Best Personal Loan Apps List in India
Best Personal Loan Apps List in India

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

25 Best Personal Loan Apps List in India: Eligibility Criteria

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: 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: Interest rates can be on the higher side compared to bank loans.
  • Loan amount: Loan amounts are usually smaller than those offered by banks.
  • Risk of fraud: 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: Only borrow what you can afford to repay on time.
  • Compare interest rates: Interest rates can vary significantly. Check with multiple lenders before finalizing.
  • Beware of hidden charges: Understand all fees associated with the loan (processing fees, late payment fees, etc.).
  • Borrow from reputable lenders: Only use verified lenders with a good reputation.

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