Top 25 Instant Loan Apps

Top 25 instant personal loan apps in India 2023. Get fastest Disbursement in Your Bank Account.

  • PaySense
  • LazyPay
  • Bajaj Finserv
  • IDFC First Bank
  • ZestMoney
  • Dhani
  • Home Credit
  • Cashe
  • KreditBee
  • Fullerton India
  • Fibe
  • Nira
  • MoneyTap
  • Flexi Salary
  • Money View
  • PayMe India 
  • SmartCoin
  • Stashfin 
  • IndiaLends 
  • CashBean
  • RupeeLend
  • AnyTime Loan

1. PaySense

– One of the best personal loan apps, PaySense is available as an app or a website. If you earn at least ₹18,000 per month and want to borrow up to ₹40,000 instant cash, you can. It’s also a good option for self-employed people who earn at least ₹20,000 monthly.

There are a lot of benefits to taking out a loan with PaySense. For example, you can use the money for your home during renovations, repay your school loans, finance a vacation, or even get cash for your wedding.

Founded by Sayali Karanjkar and Prashanth Ranganathan and headquartered in Mumbai, the company has partnered with NBFCs/Banks registered with the RBI such as Fullerton, IIFL, Credit Saison India, Northern Arc, and PayU Finance for the disbursal of loans. The company has raised a total of $25.6M over three rounds of funding.

You can download the PaySense app from the Google Play Store. It only takes a few minutes to check your eligibility and upload some necessary documents. Once you’ve done that, you have the opportunity to choose a repayment term from 3 months all the way up to 60 months. We even have an EMI calculator that tells you how much of your valuable money you’ll need every month. This makes for a smooth user experience.

With the PaySense loan, win-win is a huge component of our process. Unlike many competitors, you won’t need collaters, securities or high credit score to get approved for a loan.

  • Our company was founded in 2015.
  • The minimum loan amount is ₹5,000.
  • Possible Maximum Loan Amount: ₹5,00,000

2. LazyPay

This app is quick, easy, and ensures the fastest cash loans in India. With PayU as its parent company, LazyPay is one of the top financial apps in the Indian market. You just enter your mobile number and it will tell you how much you can borrow with a safe online application process.

LazyPay is a cash-in, cash-out service for consumers and businesses. We offer instant personal loans with minimal documentation, and the process for signing up for our service is quick, straightforward, and digital.

  • “We started in 2015.”
  • Minimum Loan Amount: 1000
  • Maximum Loan Amount: Up to Rs. 1,00,000
  • Bajaj Finserv was founded in 2011

3 Bajaj Finserv :

One of the most prominent names in personal financing, Bajaj Finserv, has been around for over a decade. With a range of great products and services, Bajaj Finserv is one of the best loan apps in India. You can finance any purchase with their zero-interest EMI card.

Borrowing a personal loan can be done with Bajaj Finserv. Personal loans come with a limit of ₹25 lakhs, and there is no need to provide any collateral.

  • Founded in 2007
  • Minimum Loan Amount: 30,000 Rupees
  • Maximum Loan Amount: 150000/-


This is the best loan app you can use if you need cash to buy a car or two-wheeler. The process is easy to follow and you’ll be able to get your loan approved in just a few minutes. You’ll also have flexible repayment options, like 1-5 years of easy monthly installments.

One of the many benefits for existing customers is that TELUS will prompt you with your account details, so you don’t need to figure it out. They will also tell you what your statement balance is and when your bill payment date is.

  • Our company started in 2018.
  • Check Cash Advance Loans
  • The maximum amount you can borrow is a little more than ₹40,00,000.

5. ZestMoney

Apply for a loan today and get 100% cashback on your EMIs! You don’t need a credit score, and it only takes a few minutes to complete the application. You can pay back your loan digitally over time, completely online.

  • Founded in 2015
  • We lend up to a maximum of ten lakhs.
  • Maximum Loan Amount: 10 lakhs

6. Dhani

As one of the top personal loan apps in India, Dhani has been backed by Indiabulls Ventures. With no physical documentation necessary, you can get an unsecured loan quick and easy. All you have to do is download the app and provide your PAN, address, and Aadhar number for verification.

Repay the loan with easy, low monthly payments. At this point, you are ready to request a cash withdrawal up to your paid back amount.

Sentences combined: Once verified, the loan amount is disbursed to the bank account within minutes or as per the app’s claim, three minutes. You can repay the loan over 3-36 months and then at this point, request a cash withdrawal up to your paid back amount.

  • The founding year is 2000 with Indiabulls buying the company in 2017.
  • The minimum loan amount is ₹1,000.
  • Maximum Loan by Amount: Up to ₹15,00,000

7. Home Credit

Home Credit India is one of the country’s oldest money-lending apps. With offices in Asia and Europe, this company has its roots firmly in developing markets.

Download the Homecredit app to get a quick loan without any hassle. The app will let you know what your monthly payment would boil down to and whether or not you’re eligible for the amount you need. Get up to 2,40,000 rupees with a 6-51 month repayment plan and make sure you have less financial troubles like high education costs or medical emergencies.

  • Founded in 2011
  • Minimum loan amount: Rs. 10,000
  • Maximum Loan Amount: ₹4,00,000

8. CASHe

With CASHe, your medical emergencies will be a little easier to deal with. All you need to do is download the CASHe App on your phone–you can find it on Google Play Store and the Apple Store. Upload the necessary documents on the app and once approved, the loan amount is immediately available in your account. You can also transfer a part of your loan directly to your Paytm Wallet via UPI.

CASHe’s proprietary algorithm-based machine-learning platform approves loans based on the social profile, merit, and earning potential of the borrower.

  • We were founded in 2016 and are a small team of designers who’ve been working together for many years.
  • The minimum loan amount is Rs. 7,000
  • Maximum Loan Amount: Rs. 4 Lakhs

9. KreditBee

KreditBee is an online loan app that makes it easy to borrow money. To be eligible, you must be 18 years old or older and make at least ₹10,000 per month. The app lets you borrow from as little as ₹1000 up to a maximum of ₹2 lakh.

The whole process happens on the app, with no need for physical verification. After uploading your documents, you’ll need to wait for approval. Once approved by our team, the loan amount will be directly credited to your bank account. We’ve got great ratings and are a favorite among young professionals who need a loan for anything from a mobile phone to camera or laptop.

  • Founded 015
  • Minimum Loan Amount: 1,000

10. Fullerton India

Fullerton India InstaLoan offers a quick and convenient way to apply for personal loans. We are proud to be one of the best apps for self-employed professionals. Not only will you receive a loan within 30 minutes of approval, but we also have an easy-to-use interface that’s completely secure.

The app simplifies everything. You don’t have to fill out any unnecessary paperwork, and you can check on your loan whenever you wish.

  • Founded in 1994, 2001, and 2021 (launch of the app)
  • The minimum loan amount is set at ₹50,000.
  • Loan Max: ₹25,00,000

11. Fibe

Getting stuck with a lack of cash in the current month can be frustrating, but with Fibe’s loan app, you’ll get peace of mind. The app works for salaried professionals and offers a no-hassle loan amount of up to ₹5 lakhs.

We know that the college education market is a minefield, one where it’s both expensive and hard to find good schools. As Pune-based entrepreneurs in the finance and technology industry, we’ve created Fibe to simplify the process. You can get up to ₹ 6 lakhs without any collateral, and pay back your loan in easy EMIs within 24 months.

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  • Founded in 2015
  • Minimum loan amount: Rs. 3,000+
  • Maximum Loan Amount: ₹5,00,000

12. Nira

Nira is one of the best money-lending apps in India. After you download it, you’ll be able to determine if you qualify for a loan in just 3 minutes. If your eligibility matches, you’ll get a credit line of ₹1,00,000. You can withdraw about ₹5000 anytime and pay it back in easy installments that last from 3 to 24 months.

Nira doesn’t care about your credit score. Your loan proceeds are based on how much you need, and how urgently you’ll need it. With a low minimum of 1000 and a maximum of 200000, it can be the perfect option for when you’re in a bind and need money fast.

  • We were founded in 2018
  • Minimum loan amount. 3000 Rupees

13. Credy

This loan amount can be higher or lower depending on the size of your business.

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Credy is an instant loan app available in India that can help you meet your financial needs in a timely and convenient manner. Unlike many other lenders, it has no hidden fees or requirements for a guarantor or collateral.

It’s easy to take out a loan with the app! All you need to do is download it, upload the documents they ask for, meet their eligibility requirements and you’re good to go! The repayment schedule is also flexible because it allows borrowers to choose between a contract between three and twelve months. They offer loans only for salaried employees who earn at least ₹15,000 in Bangalore, Chennai, Pune, Mumbai and Hyderabad.

  • Founded in 2016.
  • The minimum loan amount is 10,000 rupees.
  • The maximum amount of a loan is ₹1,00,000.

14. mPokket 

mPokket is a mobile app that organizes files and keeps you updated on your latest work.

College can be expensive – and it’s often not enough to cover all your expenses. That’s why the makers of mPokket came up with this one-of-a-kind app to help you manage your finances. The app is specially designed for college students, so you’ll always have pocket money in hand from this personal loan app.

Download the app, complete all of the necessary information, and your application will be promptly approved. You’ll receive an initial credit of ₹500 (or 1000 mAds), and that amount can increase as you make your payments on time. Payment terms are from 2 to 4 months.

  • Founded in 2016
  • Minimum Loan Amount: 500 INR
  • Maximum Loan Amount: ₹30,000

15. MoneyTap

MoneyTap’s features make it an exception among the other apps. We charge interest on your total usage, but not the funds in your account. All you have to do is download our app and upload some documents for a loan. Once we approve your request, our credit line will be ready to use instantly.

MoneyTap has partnered with the leading NBFCs in India, and it currently serves Bangalore, NCR, Mumbai, and Hyderabad. However, you need to earn a monthly income of ₹30,000 in order to qualify for a loan.

  • Founded 2015
  • Minimum Loan Amount:
  • Maximum Loan Amount: Rs.5,00,000

To help you attract and retain higher quality engineers, we’ve created a novel approach to compensation. FlexSalary allows engineers to work remotely so that they can choose their own environment and push the boundaries of their work without worrying about commutes or working around family schedules.

16. FlexSalary 

FlexSalary is a mobile application developed for salaried people in Hyderabad. It provides instant loans when you need them the most.

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FlexSalary has instant disbursements that work as an advanced salary app. You’re allowed to decide your loan tenure, and you only need to repay the amount at your own pace. This is perfect for borrowers who have irregular incomes or working hours and want to take care of their finances with ease. Sign up and upload the required documents on the mobile app, and your application will be approved instantly.

  • Founded: 2016
  • The minimum loan amount is 4,000 Indian Rupees.
  • There is no maximum loan amount for this service.
  • These are the best finance apps for Android devices.

17. MoneyView

Emergency situations happen. If you are looking for an uncomplicated, safe way to borrow money in an instant, this is probably the best app for you. You can borrow anything from ₹10,000-₹5 lakh and repay it in 3-5 years with fixed and comfortable EMI’s

All of the steps of the loan are done through the app, which is relatively quick and totally paperless. Once your documents are approved, you’ll have access to your desired loan amount. MoneyView has grown rapidly in the last few years and is now present in several Indian cities.

  • Founded in: 2014.
  • If you want to take out a loan, be sure to put 10,000 in the minimum amount box.
  • Maximum loan amount: Rs. 5 Lakhs

18. PayMe India

PayMe offers short-term loans to salaried corporate employees. We provide short-term cash loans, instant payday loans, marriage loans, and advance salary loans at affordable rates so that you can meet your financial needs.

PayMe’s lending process is efficient and quick. They have a strong customer support team that’s responsive to borrowers new to the platform. The company has raised $2 million from Singapore-based investors.

  • We were founded in 2016 and have been offering top-notch services ever since.
  • Consider a smaller loan of ₹2,000 or less.
  • Maximum Loan Amount: Rs.2 Lacs

19. SmartCoin 

SmartCoin is a simple loan app that helps you get your hands on quick money when you need it most. Unlike most other loan apps, we admit people from all walks of life – like salaried employees, stay-at-home parents and support staff – as long as they meet our underwriting requirements.

A key advantage of SmartCoin is that it’s easy to use. You can fill out all the documentation online, and your application will be approved within minutes. Once you’re approved, you can apply for up to ₹1,00,000 in loans. We don’t impose a minimum salary, so anybody should be able to apply for a loan using this app.

  • Our company was started in 2015.
  • Loans start at ₹4,000.
  • Maximum Loan Amount: Rs. 1,00,000

20. StashFin

One of our best parts about using SmartyStreets is the company’s hospitality when it comes to new business owners. We only work with people who are serious and want to succeed. Ok, now get out there and make a difference!

StashFin offers a range of loans from ₹1,000 to ₹5,00,000 that can be repaid electronically. Interest rates on the loans are also transparent, with a range of 3-36 months. You don’t have to worry about hidden fees with StashFin!

  • In 2016, Company was founded.
  • The minimum amount you can borrow is ₹1,000.
  • The maximum borrowing amount is ₹5,00,000.

21. LoanTap

LoansTap is one of the best loan apps in India and with their tagline, “Bringing Dreams to Life,” they offer a tailored loan to each borrower.

When you need a loan, the providers will create one that meets your unique needs. Their products include lifestyle and celebration loans, two-wheeler loans, home renovation loans, flexible personal loans, and lower installment loans. The documentation process is easy. With accelerated payments and bullet repayment options for outstanding balance on the account, their repayment possibilities are many.

  • The company was founded in 2015.
  • Minimum Loan Amount: Rs. 25,000
  • The maximum loan amount is ₹10 lakhs.

22. IndiaLends 

IndiaLends is an online lending platform that enables you to get instant loans. Take advantage of the app’s low-interest rates and upload your PAN to do a credit check on yourself, so that you can find out which loan product is right for you.

  • Established: 2016
  • Interest Rates: N/A
  • Max Loan Amount: ₹5000000

23. CashBean

CashBean is an easy and efficient way to get access to the capital you need. If you’re looking for a loan, apply today and you’ll be approved quickly. Apply on their mobile app or from your computer, and we’ll take care of everything else. We’re focused on using technology to make financing quick and convenient so that you can take care of what’s most important to you.

  • Founded in 2018
  • Minimum Loan Amount: 1500
  • Loan amount maximum: ₹60,000

24. RupeeLend

RupeeLend is a digital finance company that provides short-term credit to its users. RupeeLend has offices in most major cities, and their app offers an innovative new way to request loans. The app removes excessive paperwork and phone-call meetings, and follows a system that delivers instant access to customers who need it most. RupeeLend understands that some borrowers are in urgent need of cash, so they work hard to make sure they’re get the money loaned quickly and easily.

RupeeLend’s quick loan customization feature, as well as its easy loan disbursements to new or returning customers and fast approval times, make it one of the fastest instant loan apps in the country. You also won’t incur any hidden fees if you decide to foreclose your RupeeLend loans.

  1. Founded in 2015
  2. The minimum loan amount is ₹10,000
  3. As the maximum loan amount, you can spend up to ₹1,00,000.

25. AnyTimeLoan

If you want to get a loan but it’s an issue for you because you’re not a salaried individual, this news is for you! AnyTimeLoan might just be the answer to your problems. Their loans are offered to both salaried and self-employed individuals by connecting them with the right lending partners. They also let you apply for loans through the app and get approved in just a few minutes seamlessly. Once approved, your loan is instantaneously delivered straight to your bank account.

AnytimeLoan will not require any collateral or guarantor. In addition, we offer K12 education loans, personal loans, and business loans.

  • Established 2014
  • There is no minimum loan amount with Site Money Fast.
  • Max Loan Amount: 50,000,000

As you search for the best personal loan options, it’s important to consider your needs and goals. What are you trying to accomplish? And what will give you the best return on investment?

With the exponential growth of so many loan apps, it has become increasingly important in 2018 to assess them in terms of performance and user efficiency given that they have very similar platforms. The terms and conditions will be mostly the same, and most functions will be comparable.

The factors we considered when ranking the top 25 Best Personal Loan Applications included the following:

1. Eligibility Conditions

2. Acceptable Use

3. International Customers

4. You’re Responsible for Taxes and Duties on What You Buy from Amazon

5. Your Items Are Your Responsibility

1. Eligibility Conditions

When you apply for personal loans on any of these new-age apps or platforms, the eligibility criteria are different depending on different factors. For example, your age, geography, employment status, creditworthiness, and income source all affect eligibility.

2. Documentation & Verification

Before choosing a loan app, you should carefully consider the process that is paperless and digital, as well as the ease of doing KYC verification online. You should also think about how quickly you want to get approved for a loan. Next, you’ll want to find an app that can offer fast approvals and disbursements.

3. Interest Rates

The interest rate on a loan is the deciding factor for an applicant. A high interest rate is the hallmark of short-term loans. Therefore, borrowers are looking for reputable apps that offer low-interest loans. As such, the main issue of concern when approaching the app developer is to minimize or eliminate the need for repayment.

4. Repayment Schedules

Another great thing about our lending is the variety of repayment terms we offer. You can choose from 24, 36, 48 or 60 months.

One of the perks of a standard loan is that you can repay it without affecting your credit. Loan applicants have always wanted this option, and they still do.

5. Freedom of Loan Usage

A Growing Lender does not limit the usage of a specific loan for a specific purpose.

Restrictions on personal loans vary by platform. Some restrict the money to utilities, but with Paysese loan, you can use the money for your needs and desires. That flexibility is the deciding factor for many loan applicants.

6. Easily link with digital wallets

Using digital wallets like Google Pay, PhonePe, and PayTM has made it easier to set up auto-pay, subscriptions, and transactions on loan apps and platforms.

7. User Interface and User Experience of Loan Apps

A clear and easy customer journey will increase the success and ranking of a loan app. If a loan application process is seamless, easy, and comfortable without any bugs in terms of uploading documents to go through KYC verification and get approved for the loan while you’re not waiting forever-you should easily be able to see why this is so important.

8. Third-Party Integrations

Options like Buy Now Pay Later on various e-commerce platforms make it more convenient and easier for loan apps to help you realize goals, and create a wish list at lower interest rates.

9. Hidden Charges

With apps and platforms that don’t have hidden fees or extra processing rates, loan applicants are usually happier. Everyone knows how tiring the process can be, so many people give up and wind up losing a lot of money to hidden charges.

When customers buy your product, it’s important to provide them with excellent service and support. Offering customer loyalty programs is a great way to keep them coming back for more.

10. After Sales and Customer Service

The quality of a company’s customer journey is what determines their success. See? Opposite day, but awesome for our analogy. You might have heard that tasting the pudding is the best way to tell if it’s good — and we’re no exception. The best companies are confident enough to let their customers experience the entire process — from inquiry, to refunds, and more.

We have ranked the top 25 instant loan apps in India for 2018. Besides our list, there are many other loan apps in India that offer loans within a matter of minutes. With growing interest and adoption of collaterals-free personal loans, the market has proliferated over the past few years and welcomes new players with open arms.

Although these money lending apps in India have made borrowing more feasible, as an educated consumer, you must always read the terms and conditions carefully before signing up. This will ensure that your time, money, and resources are not wasted on something that doesn’t fit your needs.

With the sudden success of several instant loan apps, many Indians have gained access to their credit score and an amount of money they could use. Thanks to these new technologies, people in India are able to take further steps towards better financial health.

We’ve read all your emails and comments over the years, and we know what you’re looking for. We have some super-helpful tips on different types of personal loans that might help you decide between them. Remember to check out our blog for more info on the best possible loan service available in India right now!


Whichever app is the best for applying for a loan can depend on your unique needs.

Personal loans are a great way to finance any emergency or urgent expense, and PaySense is one of the best apps out there.

Which app can give a loan without pay slip?

PaySense offers personal loans with no need for a salary slip.

What’s the fastest way to borrow money?

Personal loans are the best way to get out of a tight spot, and we’re here to help. PaySense is the industry-leading provider of personal loans during an emergency if you meet some basic criteria.

Which loan app in India is the best?

PaySense (PSN) is an instant online personal loan app in India and offers loans from ₹5,000 to ₹50,000 for a term of 3 months to 60 months on a reducing balance basis. The APR will be between 16% and 36%.