Personal Loan Apps – Top 15 Best Personal Loan Apps


Personal Loans are very useful for a person in urgent need. But, personal loans are not easy to apply and all of the banks have their separate processes to lend you Loan offers. Till now, getting a Loan was a time taking process of rigorous documentation and verification. Even you have to go to the respective branch office of the bank you chose to get a Loan from. Today applying for a personal Loan got much easier through instant Personal Loan Apps.

It has changed the way to get funds online at fairly low-interest rates. Loan Apps are the preferred choice if one is looking for immediate funds with little paperwork. Personal Loan Apps allow you to submit an online Loan application and help to complete the entire process digitally and conveniently get quick fund transfer.

If you are needy and looking forward to getting personal Loans, we have listed a whole list of the best Instant Loan Apps in the market, which will definitely help you to get your fund quickly.

Features of Loan Apps

These Apps provide a considerably bulk amount of Loans with minimal documentation and few clicks. You just need to install a suitable app and apply.

Instant credit

As mentioned, you can get funds from these Apps instantly in a few hours.

100% online

These applications are totally paperless, you need to upload your documents online. Hence, requiring no physical paperwork.

Collateral free

These Apps provides Loan without any requirement of security or collateral.

Digital process

One of the biggest advantages of these Apps is people can track their loan application online, along with application, verification, and disbursement of funds.

No usage restrictions

There are no end-usage restrictions on the use of funds that you have availed through Instant Loan Apps.

No requirement of credit history

Most of these apps do not require any credit history or proof to provide a Personal Loan.


These Apps allow availing funds 24×7.


  • Age – The minimum age needs to be 21 years and maximum 60 years to get Personal Loan through online Loan Apps.
  • Income – To avail instant fund transfer, you need to have a minimum income of Rs. 12,000/month. Some Apps may have higher requirements in income eligibility.
  • Loan amount – Online instant Loan Apps provide loan of amounts ranging Rs. 1,000-10,00,000.
  • Source of income – Salaried and self-employed, both professionals can avail Personal Loans from these apps.

Required Documents for Personal Loan Apps

  • Aadhar Card.
  • PAN card.
  • Bank statement.
  • Photograph (if needed).

How to apply for Personal Loan Apps

1. Download your preferred Loan App and register yourself.

2. Fill up all the required data like personal details and Bank details asked by the company.

3. Submit the documents and fill up the KYC form.

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4. Based on your eligibility, the Loan amount will be shown to you.

5. After applying, you have to undergo some verification process.

6. As your application gets approved, the fund will be transferred to your account within some time.

We have a detailed step-by-step guide on how to apply for Personal Loans in some selected Loan Apps. Please check,

15 best Instant Personal Loan Apps in India

MoneyTap Mobile Personal Loan App

MoneyTap is a personal loan app that provides credit to customers and works as an instant loan or a credit card. It has very flexible interest rates and currently operating clients in Delhi NCR, Mumbai, Bangalore, Hyderabad, Chennai as well as more than 30 cities in India. It is India’s first App-based credit line that featured no-usage-no-interest and made taking credit more affordable. Here, you pay interest on the amount you used only.

Interest rate – 1.08-2.03%/month.
Loan amount – Rs. 3,000(min) – Rs. 5,00,000 (max).

PaySense Mobile Personal Loan App

PaySense is founded by SayaliKaranjkar and Prashanth Ranganathan that offers instant cash loans online. It is easily accessible from a phone or laptop to check loan eligibility, submit KYC details and apply for a loan, receiving approval within 5 hours. PaySense also offers an EMI calculator by which you can check the repayment amount that you need to pay every month.

Interest rate – 1.08-2.33%/month.
Loan amount – Rs. 5,000(min) – Rs. 5,00,000 (max).

Dhani Mobile Personal Loan App

Dhani App is popularly marketed as a phone use loan app by instantly transferring the loan amount to your bank account. You can apply for a personal loan anytime, anywhere from this App. Just download the Loan App, enter your Adhaar card, PAN card, bank details, and loan amount, and instantly get the loan amount in your account.

Interest rate – 1-3.17%/month.
Loan amount – Rs. 1,000(min) – Rs. 15,00,000 (max).

IndiaLends Mobile Personal Loan App

IndiaLends is another Loan App in India for instant personal loans and credit cards. This company offers instant personal loans online with the best interest rate and transfers the loan within 48 hours. The instant loan App extensively uses data and technology together to improve workflows and risk assessments to make the loan disbursal process efficient, shorter, and easier.

Interest rate – 0.9-3%/month.
Loan amount – Rs. 15,000(min) – Rs. 50,00,000 (max).

Kreditbee Mobile Personal Loan App

It is also is an instant personal loan App for young professionals. You can get a loan of up to Rs. 1,00,000 via 100% online process and within 15 mins, the amount will be credited to your bank account.

Interest rate – 2-3%/month.
Loan amount – Rs. 1,000(min) – Rs. 1,00,000 (max).

NIRA Mobile Personal Loan App

It is a FinTech company currently offering an array of credit lines to salaried professionals in India. Personal loans have a credit limit range up to Rs. 1,00,000. The loan tenure ranges from 3 months to 1 year. The interest depends on the loan amount and when you repay the borrowed amount.

Interest rate – 1.5-2.5%/month.
Loan amount – Rs. 3,000(min) – Rs. 1,00,000(max).

CASHe Mobile Personal Loan App

It is an App-based digital lending platform providing short-term personal loans to salaried individuals only. You need to provide salary slips, bank statements, address proof, and a PAN card. All documents can be uploaded through the App while applying for a loan. You can check your loan eligibility and interest rates by using the quick calculator. The tenures range from 15 days to 6 months. Repayments can be made through a bank transfer or cheque deposit every month.

Interest rate – 1.75%/month(starting).
Loan amount – Rs. 5,000(min) – Rs. 2,00,000 (max).

Capital First Limited Bank and Mobile Personal Loan App

Capital First’s instant Loan App has solutions for most of your financing needs. The online application gets sanctioned within 2 minutes with a very flexible repayment tenure of 1 year to 5 years. An existing customer can easily access loan account details, statement details and raise service requests. You can also check your outstanding balance and your payment dates.

Interest rate – 1.16-1.33%/month.
Loan amount – Rs. 1,00,000(min) – Rs. 25,00,000 (max).

EarlySalary Mobile Personal Loan App

It is also a FinTech startup based in Pune. The personal loan App allows an easy and fast way to get instant loans. The loan amount limit is up to Rs. 2,00,000 at an interest rate starting from 2% per month.

Interest rate – 2-2.5%/month.
Loan amount – Rs. 3,000(min) – Rs. 2,00,000 (max).

SmartCoin Mobile Personal Loan App

SmartCoin is a FinTech company that offers a user-friendly and scalable lending platform to its customers. This App in India provides instant loans for individuals especially those looking for short-term personal loans. The company supports all needy people like business owners, salaried professionals, managers, teachers, and many more with no minimum income limit, unlike other personal loan apps.

Interest rate – 2.5-3%/month.
Loan amount – Rs. 1,000(min) – Rs. 25,000 (max).

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HomeCredit Mobile Personal Loan App

Home Credit India is a part of the international Home Credit Group that is present across ten countries in Europe and Asia. In India, it started in 2012 and has operations in over 60 cities across 15 states. Here you get repayment tenure ranging from 9 months to 4 years.

Interest rate – 2.4-3.3%/month.
Loan amount – Rs. 10,000(min) – Rs. 2,00,000 (max).

LazyPay Mobile Personal Loan App

LazyPay is powered by PayU. You just need to enter your mobile number to check your personal loan eligibility. With quick approvals and a safe online loan application process, LazyPay provides over 1 million loans every month. Its featured offerings are pocket-friendly EMIs and instant personal loans through easy minimal documentation digitally.

Interest rate – 1.25-2.6%/month.
Loan amount – Rs. 10,000(min) – Rs. 1,00,000 (max).

BAJAJ Finserv NBFC and Mobile Personal Loan App

This company also offers personal loans that are instant approval and credit transfer within just 24 hours. These collateral-free loans are offered to various individuals like women, government and public sector unit (PSU) employees, schoolteachers, college professors, and more. The loans also featured to reduce your installment by up to 45% through paying interest-only EMIs.

Interest rate – 12.99%/month(starting).
Loan amount – upto Rs. 25,00,000 (max).

Felxsalary Mobile Personal Loan App

This company has featured in sharp contrast to those of personal loans. Some extraordinary features of Flexsalary are one-time application, one-time approval, instant credit transfer, option to access the credit anytime, option to decide the loan tenure, and a flexible repayment policy. The no-fixed EMIs option makes it function as an advance salary loan app.

Interest rate – upto 3%/month.
Loan amount – Rs. 4,000(min) – Rs. 2,00,000 (max).

RupeeLend Mobile Personal Loan App

Rupeelend was launched in 2015. It is a digital finance company that offers short-term credit to individuals. In recent times, it operates in Bangalore, Mumbai, and NCR. The online process takes just 3 minutes for a loan application with a promise of a quick loan sanction. Hence, making it a secure and trustworthy personal loan App for short-term emergencies.

Interest rate – 3-30%/month.
Loan amount – Rs. 10,000(min) – Rs. 1,00,000 (max).

A personal loan is an excellent option for those looking for hassle-free financing options. To avail of a personal loan, you need to meet a few very basic eligibility criteria like a stable income, a stable residence, a good credit score, age, and satisfactory repayment capacity. Getting a personal loan is much easier nowadays. But, always judge your capability so that you receive the loan amount you applied for, and service it properly for better loan availability next time. We hope our suggestions will be helpful while applying for a Personal Loan.

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