Best Instant Personal Loan Apps List In India 2024: In the digital age of nowadays, taking a personal loan has become much easier. You do not need to go to the bank, just download the app on your smartphone and get a personal loan in a few minutes. Here we are talking about some of the best instant personal loan apps in India, using which you can get a loan quickly and conveniently.
Best Instant Personal Loan Apps List In India 2024
| Instant Personal Loan Apps | Max Loan Amount | Starting Interest Rate |
|---|---|---|
| Tata Capital | Rs. 35 Lakhs | 10.99% p.a. |
| PaySense | Rs. 5 Lakhs | 1.25% p.m. |
| MoneyTap | Rs. 5 Lakhs | 1.25% p.m.(pay ONLY on used) |
| KreditBee | Rs. 5 Lakhs | 16% p.a. |
| MoneyView | Rs. 10 Lakhs | 1.33% p.m. |
| CASHe | Rs. 4 Lakhs | 2.50% p.m. |
| StashFin | Rs. 5 Lakhs | 11.99% p.a. |
| Fibe (EarlySalary) | Rs. 5 Lakhs | 16% p.a. |
| mPokket | Rs. 45.000 | 48% p.a. |
| Bajaj Finserv | Rs. 40 Lakhs | 11% p.a. |
| Indiabulls Dhani | Rs. 15 Lakhs | 11% p.a. |
| Home Credit | Rs. 5 Lakhs | 1.6% p.m. |
| LazyPay | Rs. 5 Lakhs | 15% p.a |
| PayMe India | Rs. 5 Lakhs | 1.5% p.m. |
| Credy | Rs.1 Lakh | 1% p.m. |
| LoanTap | Rs. 10 Lakhs | 11% p.a. |
| CashBean | Rs.1 Lakh | 25.55% p.a. |
| NIRA | Rs. 1 Lakh | 2% p.m. |
| Navi | Rs. 20 Lakhs | 9.9% p.a. |
| ZestMoney | Rs. 2 Lakhs | 14% p.a. |
| Privo | Rs. 5 Lakhs | 1.08% p.m. |
| Olyv (SmartCoin) | Rs. 5 Lakhs | 1.5% p.m. |
| Buddy Loan | Rs 15 Lakhs | 11.99% p.a. |
1. MoneyTap
MoneyTap is a leading personal loan app that offers you loans up to Rs 5 lakh. The following are the features of this app:
- Loan amount: from ₹3,000 to ₹5,00,000.
- Interest rate: 13% to 24% per annum.
- Duration: 2 to 36 months.
- Processing fees: from 2% to 5%.
- Feature: credit line facility, so you can use as much as you need and do not have to pay the rest of the interest.
How to use:
- Download the Money Top app.
- Enter your mobile number and verify the OTP.
- Fill in your personal information.
- Select the loan amount and tenure.
- Submit and receive the loan amount after approval.
2. PaySense
PaySense is another popular loan app that offers quick personal loans. Its features are:
- Loan amount: from ₹5,000 to ₹5,00,000.
- Interest rate: 16% to 36% per annum.
- Duration: 3 to 60 months.
- Processing fees: from ₹500 to ₹1,500.
- Characteristic: easy application process and minimum document requirement.
3. EarlySalary
EarlySalary is specifically for those who need a loan before salary. Its main characteristics are:
- Loan amount: from ₹8,000 to ₹5,00,000.
- Interest rate: 24% to 30% per annum.
- Duration: 3 to 12 months.
- Processing fees: from ₹500 to ₹1,200.
- Speciality: quick loan and flexible repayment option for salaried individuals.
4. CASHe
Cashe is another app that offers instant personal loans. Its features are as follows:
- Loan amount: from ₹7,000 to ₹3,00,000.
- Interest rate: 27% to 33% per annum.
- Duration: 3 to 18 months.
- Processing fees: from ₹500 to ₹2,000.
- Feature: swift processing and all processes completed through the app itself.
5. NIRA
NIRA is a personal loan app that provides loans easily. Its features are:
- Loan amount: from ₹5,000 to ₹1,00,000.
- Interest rate: 24% to 36% per annum.
- Duration: 3 to 12 months.
- Processing fees: from ₹500 to ₹2,000.
- Characteristic: minimum documents and quick approval.
6. KreditBee
KreditBee is another popular instant loan app. Its features are the following:
- Loan amount: from ₹1,000 to ₹2,00,000.
- Interest rate: 24% to 36% per annum.
- Duration: 2 to 15 months.
- Processing fees: from ₹0 to ₹1,500.
- Feature: quick approval and direct loan amount transfer to a bank account.
7. MoneyView
MoneyView is another reliable personal loan app. Its main characteristics are:
- Loan amount: from ₹10,000 to ₹5,00,000.
- Interest rate: 16% to 39% per annum.
- Duration: 3 to 60 months.
- Processing fees: from 2% to 8%.
- Characteristic: fast loan processing and minimal documents.
8. LazyPay
LazyPay is another instant loan app that provides instant loans to users. Its features are as follows:
- Loan amount: from ₹1,000 to ₹1,00,000.
- Interest rate: 18% to 30% per annum.
- Duration: 3 to 24 months.
- Processing fees: from ₹0 to ₹1,500.
- Feature: quick approval and easy repayment options.
9. Bajaj Finserv
Bajaj Finserv is also a leading loan service provider that offers quick personal loans. Its main characteristics are:
- Loan amount: from ₹30,000 to ₹25,00,000.
- Interest rate: 12% to 34% per annum.
- Duration: 12 to 60 months.
- Processing fees: from 2% to 4%.
- Characteristic: high loan amount and fast processing.
10. Dhani
The Dhani app also offers quick personal loans. Its features are as follows:
- Loan amount: from ₹1,000 to ₹5,00,000.
- Interest rate: 12% to 36% per annum.
- Duration: 3 to 36 months.
- Processing fees: from ₹500 to ₹2,000.
- Characteristic: quick processing and minimum document requirement.
How to use:
- Download the Dhani app.
- Enter your mobile number and verify the OTP.
- Fill in your information and complete the KYC process.
- Select the loan amount and tenure and submit.
- After approval, the loan amount will be transferred to your bank account.
11. ZestMoney
ZestMoney is another popular loan app. Its features are the following:
- Loan amount: from ₹1,000 to ₹5,00,000.
- Interest rate: 12% to 36% per annum.
- Duration: 3 to 24 months.
- Processing fees: from ₹500 to ₹2,000.
- Feature: EMI feature and quick processing.
12. Home Credit
Home Credit also offers quick personal loans. Its main characteristics are:
- Loan amount: from ₹5,000 to ₹2,00,000.
- Interest rate: 24% to 36% per annum.
- Duration: 6 to 24 months.
- Processing fees: from ₹500 to ₹2,000.
- Characteristic: simple application process and minimum document requirement.
13. SmartCoin
SmartCoin is another instant loan app that offers small loans. Its features are:
- Loan amount: from ₹1,000 to ₹1,00,000.
- Interest rate: 20% to 36% per annum.
- Duration: 3 to 12 months.
- Processing fees: from ₹500 to ₹1,500.
- Feature: quick approval and direct loan amount transfer to a bank account.
14. IndiaLends
IndiaLends is also a popular loan app. Its features are the following:
- Loan amount: from ₹15,000 to ₹50,00,000.
- Interest rate: 10.75% to 25% per annum.
- Duration: 6 to 60 months.
- Processing fees: from ₹500 to ₹2,500.
- Characteristic: quick processing and minimum document requirement.
15. Navi App
NAVI App is the other best loan app in India where you can apply for instant loans online. The application process is very easy.
Features:
- Fully digital process
- Loan amount from ₹10,000 to ₹5,00,000
- Tenor from 6 months to 36 months
- Competitive interest rates
How to use:
- Download the Navi app.
- Enter your mobile number and verify the OTP.
- Fill in your personal information.
- Choose your EMI and loan amount.
- Submit and receive the loan amount after approval.
16. PaisaBazaar
- Loans from various banks and NBFCs
- Loan amount from ₹10,000 to ₹15,00,000
- Tenor from 12 months to 60 months
- Online Application Process
How to use:
- Visit the money market website or app.
- Fill in your details and the required loan amount.
- Choose the appropriate loan from the available options.
- Fill out the application form and submit it.
- After approval, the loan amount will be transferred to your bank account.
Conclusion:
These were some of the best instant personal loan apps in India. With the help of these apps, you can get a loan instantly without any hassle. You can use any of these apps if needed and solve your financial problems. Keep in mind that before taking a loan, read and understand all the conditions and rules carefully. Always evaluate your financial situation and only then take a loan.
