The 18 Best Instant Personal Loan Apps You Need to Know About

Loan App

Personal Loans are a quick way of obtaining funds. Personal loans become a necessity when one needs emergency cash. People can use them for various purposes – from undertaking medical procedures, wedding cost accumulation, home renovation to even redecoration; personal loans have become known as a quick dispersal scheme of money. 

Recently, with the rise of several fintech companies offering credit at competitive interest rates, getting an instant personal loan has gotten significantly more straightforward. Moreover, most of these fintech companies offer these loans online through third-party personal loan apps, making the process much easier.

Obtaining a personal loan online seems more plausible now since it involves quick application and verification procedures. The turnaround time for transferring loan amounts is also faster than the rest. 

If one is looking for a summative list containing an overview of the best instant loan apps for personal loans in India, then their search ends here. 

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Here is a list of the 18 Best Instant Personal Loan Apps in India

  1. Fullerton India – Fullerton India is a need-based, instant cash loan dispersal app in India. It lends salaried individuals instant cash loans up to Rs. 25 lakhs with a repayment tenure between 12 to 60 months.
  2. Money Tap – Money Tap offers to lend its customers instant cash loans of up to Rs. 5 lakhs at a nominal interest rate of 1.08% per month with flexible repayment tenures.
  3. Dhani – Dhani is a popular instant cash loan app that offers personal loans of up to Rs. 15 lakhs at an interest rate starting at 13.99% per annum with a good range of repayment windows.
  4. KreditBee – Kreditbee offers quick cash obtaining schemes for its lenders, up to Rs. 3 Lakh. However, their annual rate of interest remains a little bit on the higher side. 
  5. IndiaLends – Another popular addition to this list, India Lends offers one of the highest loan amounts of up to Rs. 25 lakhs at a justifiable ROI range between 10.75 – 25%
  6. Nira – Nira, a Bengaluru-based start-up, offers instant personal loans of up to Rs. 1 lakh at an interest rate of 2.25%.
  7. Cash- e – As the name suggests, this app makes acquiring instant cash “e”- asy. It offers instant cash loan dispersals of up to Rs. 4 lakhs at an interest rate of 2.5% per month.
  8. Money View – The money view charges a nominal interest rate of about 1.33% per month, against which it offers a maximum loan amount of Rs. 5 lakhs.
  9. EarlySalary.com – Early Salary has gained quite a good amount of traction recently. It emphasizes providing salaried individuals with an early head start in a month. It offers quick cash schemes of up to Rs. 5 lakhs at an interest rate between 12-30% per annum.
  10. Smart Coin – With interest rates of up to 36% per annum, the Smart coin instant personal loan app provides users with a maximum loan amount of up to Rs. 70,000.
  11. Home Credit – The Home Credit app has a monthly interest rate of about 2%. It provides amounts up to Rs. 5 lakhs in monthly loan dispersals.
  12. LazyPay – LazyPay offers loan amounts of up to Rs. 1 lakh with an annual interest rate of 18-25% per annum for its lenders.
  13. FlexSalary – FlexSalary, like many of its contemporaries, offers loan disbursals to salaried individuals with an annual interest rate ranging between 13 to 35%.
  14. Bajaj Finserv – Probably the most renowned and trustworthy online personal loan app, it offers loans of about Rs. 25 lakhs at an average monthly interest rate of 24%
  15. PayMe India – PayMe India offers instant loans of up to Rs. 2 lakhs at an interest rate between 1 – 36%
  16. PaySense – PaySense is an instant personal loan dispersal app that offers loan amounts of up to Rs. 5 lakhs at a competitive interest rate of Rs. 1.4% – 2.5%
  17. RupeeRedee – Rupee Ready offers loans of up to 25,000 at an interest rate of 3% per month to those willing to lend more small amounts.
  18. LoanTap – the final addition to this list, Loan Tap is known for offering loan amounts of up to Rs. 10 lakhs at a monthly interest rate ranging between 1.4-2.3%
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