20 Best Personal Loan Apps Offering Instant Cash Loans in India

If you need urgent cash requirements and if you’re concerned about Instant Personal Loan then this article will be helpful to you. Standard banks take a long time to process applications for personal loans, and money lenders are known to charge high-interest rates which makes the process very risky. Personal loan apps have emerged as an excellent idea in this whole financial set up to perform secure and trouble-free instant loans in India within 1 hour.

When you need a quick cash loan as a matter of urgency there are very few options available. One is to obtain a personal loan from traditional banks, which can be a time-consuming process that requires more documentation and many demands of papers. The other alternative is a credit card loan, but the interest rates are extremely high.

Due to the various benefits, they offer–personal loans, low-interest rates, online credit cards, the simple application method, and 24X7 monitoring–money lending apps in India have gradually become popular. Multiple instant loan apps in India today provide an easy, paperless, and trouble-free way to get quick access to funds to make a dream come true or during a financial emergency.

The web has innovated India’s way of working. Now, in the comfort of your home, you can purchase anything from mobiles to a Smart TV and more online. The situation is no different if you need personal loans in India quickly and easily.

In India, there are best instant loan apps that can make your personal loan process much easier and more convenient. You can apply for instant loan online with the required documents, and depending on your convenience the loan amount can be delivered to your doorstep or credited to your bank account.

What are instant loans?

Instant loans are the kinds of loans that do not need too much documentation and are approved very easily. Compared to traditional bank loans, the procedure is limited and easy. Instant loans are also called Personal Loan OR Fast Loan. You can apply online for a personal loan without having to visit any bank or fill out long forms.

Features of Instant loan:

  • These short-term loans typically last between 1 to 6 months
  • The loan amount can vary from ₹ 10,000 up to 2 lakhs
  • The process is quicker compared to the loans offered by banks
  • Instant loans online can get approved on the same day of application
  • You can apply for such loans sitting at your home.

Eligibility to Apply for Instant Loan:

  • Practically all are eligible to apply for a personal loan without a guarantor.
  • You have to be a resident of India and a salaried employee of a registered company
  • Your age to apply for a personal loan should be between 23 years and 58 years old.

How to avail Instant loans online:

  • The first step is to select one of the best instant personal loan apps.
  • Download and install the application from the play store.
  • Register your profile and get started.
  • Enter the loan amount you need and the duration of time.
  • Upload the documents required on the app from your smartphone.


  • Instant Approval
  • Will get quick money disbursed in Hours when applied
  • Minimal documents to uploaded on line
  • After every repayment, the limit will be enhanced without any documents


  • Only small amounts from Rs.5K to 5 lacs will be approved
  • As it will be short term EMIs will be high
  • Interests will be high compared to regular personal loan

List of the best instant personal loan apps in India:

1. Money tap:

MoneyTap is India’s first credit line. The best part is its no-use-no-interest feature which has made it more affordable to take out credit. Due to this feature, interest is only paid on the sum used. It’s a personal loan app that offers consumers with a credit line that acts like an online deposit or a credit card.

MoneyTap is essentially a flexible interest rate money lending company, currently serving customers in Delhi NCR, Mumbai, Bangalore, Hyderabad, and Chennai as well as 30 + cities in India.

2. PaySense

PaySense is one of India’s best instant loan apps has both an app and a website where salaried workers and self-employed people can apply for an immediate personal loan. You can use a phone or a laptop to verify the availability of your loan, send your KYC information and apply for a loan and receive an approval within 5 hours.

The company provides online personal loans of up to 5 Lakh and you can use up to your entire approved limit at any time from anywhere from 5,000. PaySense also provides an EMI calculator which helps you to test how much you’ll pay each month.

3. Dhani

Dhani Commonly promoted as a phone se loan app, Dhani immediately disburses the amount of the loan into your bank account. Any day, anytime, you can apply for a personal loan. You can instantly obtain a loan of up to 15 Lakh at an interest rate starting at 12%.

You can download the Dhani loan app for free, enter your Adhaar card number, loan amount and instantly receive the loan amount in your account.

The loan can be repaid within three to 72 months and you are not charged an extra foreclosure fee if you wish to foreclose the loan, and your amount is less than INR 20.000.

Founded in: 2000 (Indiabulls); 2017 (launch of the app)
Minimum Loan Amount: INR 1000
Maximum Loan Amount: INR 15,00,000

4. IndiaLends

IndiaLends is one of India’s cash loan apps for instant personal loans, credit cards, and free credit reports. IndiaLends provides the best interest rate online instant personal loans and disburses the loan within 48 hours.

IndiaLends ‘ instant loan app in India makes extensive use of data and technology to improve business processes and risk analysis in order to make the loan payment process more efficient, shorter and easier.

5. KreditBee

KreditBee is one of India’s best online loan applications, among the many credit apps built to help young professionals. You can borrow as little as INR 1000, or as much as INR 1 lakh. Anyone above the age of 18 can download the app and apply for the loan and receive INR 15,000 per month. The whole process happens on the device, so physical examination is not needed.

You must wait for validation and approval until you have submitted the appropriate documents. Until accepted the balance of the loan would be transferred directly to your bank account. This software is highly rated by young professionals and is a favorite.

Founded in: 2015
Minimum Loan Amount: INR 1000
Maximum Loan Amount: INR 1,00,000


NIRA is a FinTech company providing salaried workers in India a line of credit. The personal loan that you are given is in the form of a credit line that has a credit limit size starting from about 3,000 to about 1 Lakh.

The term loans range from 3 months and 1 year. Each time you will remove a total of 5,000. The cost on the amount of the loan depends on how much you owe, and when you return the money that you borrow.

7. CASHe

CASHe is an app-based digital lending platform that provides short-term personal loans for different financial needs, but only for individuals with salaries. You need to provide documents such as salary slips, bank statements, address proof, and PAN card, which can all be uploaded while applying for a loan via the cash loan app.

You can also use a quick calculator to check the loan eligibility and interest rates online. The loan amount approved can range from about 5,000 to about 2 Lakh, with tenures ranging from 15 days to 6 months. Every month, repayments can be made by bank transfer or cheque deposit.

8. Capital First Limited

The instant loan app from Capital First is a one-stop solution for most of your financing needs in India. Your application for an online loan is approved within 2 minutes. The company offers flexible repayment tenure ranging from 1 to 5 years for a loan amount ranging from around 1 Lakh to around 25 Lakh.

If you are an existing customer, information on your loan status, specifics of the invoice and demands for support can be obtained quickly.

9. Credy Technologies

Credy is one of India’s instant loan apps that provide personal loans. With no hidden costs, no collateral or a guarantor requirement, fast online processing, and low CIBIL score acceptance, Credy are simple, fast, and low cost.

The company provides loan durations from 3 to 15 months for amounts ranging from about 10,000 to about 1 Lakh. Interest rates start at 12 percent, annualized. You can use Credy for quick cash loans, lifestyle upgrades, loans refinancing and credit card bills, and college funding-either for yourself or your family.

10. Money View

You can get a personal loan in just 2 hours with Money View Personal Loan App. Whether you want to remodel your home, buy a costly ride or cover your wedding expenses, Money View’s personal loan is completely paperless, quick, easy and flexible.

The amount of the loan from Money View varies from 10,000 to 5 Lakh. The period of repayment is flexible and varies between 3 months and 5 years.

11. Early Salary

Often in the middle of the month, are you out of cash and thinking about how to cover the bills for the remainder of the month? When the next payday is far away, an early salary has got you covered. A special personal loan product for wage-earners, this app provides loans up to INR 1, 00, 000 for all your needs.

The Pune-based fin-tech company also allows you to repay the loan within 50 days in clear EMIs. Slowly gaining attention among the young generation, in January of last year, Early Salary received INR 100 crores in series B investment led by Eight Roads Ventures and IDG Ventures India.

12. SmartCoin

SmartCoin is a FinTech business whose mission is to provide a user-friendly and flexible lending platform for its customers. In India, it’s a personal loan app that provides instant loans to individuals seeking short-term personal loans. Use your microloan app for loans varying from 1,000 to 25,000.

The company provides assistance to all categories such as executives, business owners, salaried employees, administrators, teachers and more with no minimum wage limit, unlike other personal loan applicants.

14. LazyPay

LazyPay is powered by PayU. You just need to enter your mobile number to find out your personal loan eligibility. With quick approvals and safe online loan application processing, LazyPay disburses 1 million+ loans every month.

Its key offerings include pocket-friendly EMIs, an instant personal of up to ₹ 1 Lakh through an easy digital process with minimal documentation.

15. AnyTime Loans

AnyTimeLoan (ATL) provides 24*7 loans to salaried individuals and self-employed workers on-demand, immediately. The loan process is 100 percent paperless, contactless and frictionless through its personal loan device.

In India, ATL offers unsecured personal loans, K12 education loans, business loans, etc., in one minute without any physical documents, collateral or guarantor.

16. mPokket

MPokketis an instant loan program for university students in India. It works on the students ‘ concept of pocket money. Once your application for a personal loan has been approved the personal loan amount will be sent to your bank account or your Paytm wallet.

17. Bajaj Finserv

Bajaj Finserv offers personal loans, which are approved and disbursed instantly within 24 hours. These collateral-free loans are offered to employees, school teachers, college professors, and more for women, government and public sector unit (PSU).

By paying interest-only EMIs, personal loans are offered with a feature to reduce your installment by up to 45 percent. Once approved, you borrow out your approved loan amount as much as you need without the trouble of reapplying for the loan.

18. PayMeIndia

PayMeIndia is an innovative FinTech platform providing instant payday loans, advance compensation loans, short-term cash loans at competitive interest rates to salaried workers. Such cash loans are designed to cater to all of your short-term financial needs including a medical emergency, buying a big-ticket item, planning a reception, and much more.

The standard and current loan solutions are combined with technology to allow the process of obtaining loans fast and simple. With convenient and flexible repayment plans, cash loans are offered.

19. ZestMoney App for Personal Loan

ZestMoney is a quick way to get and repay an Instant loan using digital, equated monthly installments.

  • There is no need for a credit card.
  • Zestmoney does not require you to have a credit score.
  • The loan process is so streamlined that it takes only five minutes online.
  • Loans up to one lakh are sanctioned instantly.
  • You can earn 100% cashback on your EMIs
  • You get a gift card from online partners such as Amazon, Flipkart, Makemytrip, and Myntra.

20. StashFin

StashFin is India’s best instant loan application. The company was founded by a team of experienced financial services experts with the goal of making loans easier for people in India.

  • They offer loans from Rs. 500/- to Rs. 5,00,000/.
  • These loans can be repaid in equated monthly installments only electronically.
  • The interest rates start from 11.99% per annum
  • Tenure of the loan can be from three months to thirty-six months.
  • Apart from a processing fee, there are no other hidden charges.

With so many personal loan apps on the market, the options for quick cash loans have increased making it easier to get urgent instant loans. An online search and a quick comparison of different cash loan applications in India for instant loans online offer a variety of options ranging from payday loans in India, instant loans in India, to salary advance loans in India

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