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Best Instant Personal Loan Apps in India

Best Instant Personal Loan Apps in India

When it comes to availing of a personal loan from traditional banks, processing takes a long time and the lenders charge a high rate of interest making the entire process uncertain.  In this scenario, personal loan applications have come out as an exceptional option to offer hassle-free and safe instant cash loans within an hour.

There are limited options available when an individual is in urgent need of an instant cash loan. The first option that comes into mind is applying for a personal loan in traditional banks which is indeed a time-consuming procedure that requires the submission of multiple documents and involves a lot of paperwork. The other available option for taking a loan is withdrawing money using credit cards where the rate of interest is extremely high. One can ask for money from relatives or friends but it is indeed embarrassing and every individual is not lucky enough in getting an advance salary loan from the employers. So, the best available option for instant loans across India is personal loan applications.

In India, several instant loan apps can make the personal loan procedure much more convenient and easier. Online applications can be made with required scanned documents and the loan amount will be transferred to your bank account instantly. Let’s take a look at the best instant personal loan apps in India:

  1. Money View:

This instant personal loan app will help you in getting a cash loan within 2 hours. If you want to renovate your home or want to cover wedding expenses, then a personal loan from Money View is the ultimate option. It is completely easy, fast, paperless, and flexible.

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The loan amount from Money View ranges from 10,000 rupees to 5lakhs. This loan provider offers a flexible repayment period ranging from 3 months – 5years.

  1. Dhani

This is commonly marketed as a phonese loan app and the loan amount is disbursed instantly to the bank account of the borrower. The personal loan application through this app can be applied from anywhere and anytime. Loan amount of up to rupees 15lakhs at a 12% rate of interest can be availed instantly. The loan app can be downloaded for free by entering the Adhaar Card number, loan amount and get the amount instantly to your bank account.

  1. KreditBee

This instant personal loan app is ideal for young professionals and one can get up to rupees 1lakh loan. The loan procedure is fully online. After approval, the loan is disbursed within 15mins and the loan amount is credited to the bank account of the borrower instantly.

  1. NIRA

It is a FinTech company that offers a line of credit to salaried employees across India. The personal loan offered by this company is in credit line form that has a credit limit ranging from 3000rupees to 1lakh.  Every time you are eligible to withdraw a minimum of 5000 rupees. The rate of interest applied on the loan amount is based on how much one borrows and when the borrowed amount is repaid.

  1. CASHe:

CASHe is an application-based online lending platform which offers short term personal loans for different financial needs but it only gives loan to salaried persons. For getting the loan, you need to provide various documents which include bank statements, salary slips, proof of address, and PAN card. You can upload all these documents through the app while applying for the loan.

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Loan eligibility and rate of interest can be checked online using a quick calculator. The loan amount can range from 5000 rupees to 2lakhs with a term ranging from 15 days to 6months. You can repay the amount every month through bank transfer and cheque deposit.

  1. Credy Technologies:

Credy Technologies offers loans on personalized periods to the borrower. There is no hidden cost, no guarantor or collateral is required, online processing is fast and accepts low CIBIL score, to be precise, Credy is low-cost, fast, and simple.

The company offers loan duration that ranges from 3-5months for an amount ranging between rupees 10,000 to 1 lakh. The annual rate of interest starts at 12% and Credy can be used for refinancing loans, enhancing lifestyle, quick cash loans, paying off credit card bills, and funding education.

  1. Capital First Limited:

It is another instant loan app and is the ultimate solution for any financial need of an individual. The loan application can be done online within a couple of minutes and the loan is sanctioned instantly. The flexible repayment tenure is offered by the company with the tenure ranging from 1- 5years for a loan amount that ranges from rupees 1 lakh to 25lakhs.

  1. SmartCoin

SmartCoin is a scalable and user-friendly money lending platform. If you are looking for short-term personal loans, then avail from Smart Coin. This company caters to people of all profiles like business owners, support executives, salaried professionals, teachers, managers, stay-at-home moms and there is no minimum salary limit like other personal loan apps.

  1. LazyPay
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LazyPay is powered by PayU and all you need to do is to enter your mobile number to see eligibility for a personal loan. Every month LazyPay disburses more than 1million+ personal loans. The loan application procedure online is completely safe and approval is very quick.

Key offerings of LazyPay include pocket-friendly EMIs and instant personal loans up to rupees 1lakh through an easy online process as well as minimal documentation.

  1. AnyTime Loans

ATL or AnyTime Loan offer instant, on-demand, and 24*7 loans to salaried professionals and self-employed individuals. The loan procedure through the app is 100%paperless, frictionless, and contactless. The company offers unsecured personal loans, business loans, and educational loans, and so on within a minute and does not require any guarantor.


With ample personal loan apps available in the market, options for quick cash loans have increased. An individual looking for urgent cash can now get it easily without any hassle. Before you apply for an instant personal loan, make sure to do a comparison between different instant cash loan apps for a better deal.

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