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Top 10 best Instant Personal Loan Apps in India

Instant Personal Loan Apps in India

Instant Personal Loan Apps in India have never made getting a personal loan easier. Apps such as these provide instant loans in a matter of minutes. Since there are so many apps available on the market, it is difficult to choose the one that suits your needs.

The Instant Personal Loan Apps in India provide instant approval of the personal loan and help customers get a loan almost immediately.

Here is a list of the best Instant Personal Loan Apps in India among those that offer instant loans.

Top 10 Instant Personal Loan Apps in India

1. MoneyTap

MoneyTap is one of the most popular Instant Personal Loan Apps in India for getting an instant loan. MoneyTap’s process for applying for a loan is completely paperless and does not require any hefty procedures. In this case, the main amount varies between Rs.3000 and Rs. 5 lakhs. In less than five minutes, the app can sanction loans.

  • The loan is collateral-free. 
  • A variable interest rate is also available here for the borrowed loan amount. 
  • offers 0% EMI on three-month shopping. 

2. Credy

Credy is one of the best apps for instant loans. It is the fastest provider of instant loans thanks to the approval of applications in less than a minute. The customer’s account is credited with the loan amount within 48 hours. Credy is always at the forefront of simplifying loan procedures. They work according to the needs of their customers. 

  • A maximum loan amount of Rs. 1 lakh is available.
  • It has one of the best customer support systems. 
  • Referral bonuses are available. 
  • There are no hidden fees.
  • Flexible interest rates.

3. EarlySalary

Those with a salary of Rs. 18000 and above can apply for a loan of up to Rs. 2 lakh through the EarlySalary app. EarlySalary targets individuals without a credit history. 

With proper documentation, you can get the loan within 10 minutes of applying with EarlySalary. This method determines the creditworthiness of the applicant.

  • You can receive an advance salary of up to Rs. 2 lakhs at a rate of Rs. 9 per day. 
  • You can use the EarlySalary limit to shop on Amazon, Flipkart, or Bigbasket and pay in easy EMI with 0% interest. 
  • As well as paying for vacations, you can use the app. 

4. mpokket 

Mpokket caters to college students and new employees. It offered personal loans starting from Rs. 500 without requiring collateral or salary account documentation. 

Students can manage their credit more effectively with flexible repayment options.

  • Within 24 hours, the application gets approved and the money can either be deposited into your Paytm wallet or transferred to your bank account.
  • Good credit behavior will help you get a higher credit limit. 
  • To qualify for a loan, students will need to provide their student id. 

5. KreditBee

KreditBee is an instant loan app that targets young professionals who have a stable monthly income and need cash quickly. The maximum loan amount you can take from the KreditBee app is Rs. 2 lakhs. CreditBee offers three types of loans; flex personal loans, online purchase loans, and personal loans for salaried people.

  • It is possible to take out a loan for a period ranging from 6 days to 6 months.
  • As part of the application’s security features, it also features 128 bit SSL encryption for the protection of users’ personal information.
  • Shop from partner websites like Flipkart, Amazon, etc. using the app.

6. MoneyView

It is also possible to take advantage of instant loans with MoneyView, another app for money management. Tracking your expenses and applying for a personal loan with a maximum limit of Rs 5 lakhs.MoneyView’s tenure is also flexible. You can take out a loan here for 3-60 months.

  • Processing fees range from 2.5% to 4%. 
  • It is also possible to track third-party payments like Paytm. 
  • Additionally, it reminds you to pay your bills. 

7. LazyPay

It is one of the best things about LazyPay that it requires minimal documentation from the customers. You can take out a credit of Rs. 10,000 to Rs. 1,000,000 with LazyPay.

You can also use this app while shopping on Zomato, Swiggy, Amazon, and Flipkart, etc., and later pay with flexible EMI options.

  • To apply for the loan, there are only 3 steps.
  • You can also use this app to shop on popular apps using a 15-day free credit.
  • You could increase your credit limit if you repay your loan on time.

8. PaySense

One of the best things about this app is that it also originates from personal loans made to self-employed individuals. PaySense is very easy and quick to use. It allows you to choose an auto-debit option for your EMI to make securing a personal loan easier.

  • It allows an instant loan for an amount ranging from Ra. 5000 to Rs. 5 lakh.
  • The application process takes only two minutes.
  • The interest rate is 13% per year.
  • Loan terms range from 3 to 60 months.

9. CASHe

CASHe uses a proprietary algorithm to determine a customer’s credit profile. If you’re eligible and have the proper documents, you can get the loan within 10 minutes.

  • The app runs smoothly and is quick.
  • This site offers loans for amounts between Rs. 9000 and Rs. 80,000.
  • It has a low-interest rate and flexible repayment options.
  • You can also choose flexible loan options based on your needs.

10. SmartCoin

The SmartCoin app provides small loans of up to 10,000 rupees to customers in India. Credit amounts range from Rs. 1,000 to Rs. 25,000 for SmartCoin users. This company offers a user-friendly lending platform through fintech.

  • With SmartCoin, you can get paid in bitcoin whether you’re an employee, a small business owner, or a stay-at-home mom. 
  • Additionally, there is no minimum salary requirement.

There are some desires that you may not be able to fulfill due to lack of money, and also because you do not wish to undergo the long process of getting bank loans, then the application of instant loans could be of help to you.

From the comfort of your own home, you can easily arrange for financing. As easy and convenient as any other app, these apps are no different.

Also Read: 10 Best Financial Advisors in India | Fee-only No Commission

Hello, I'm Sejal Jain, Editor at Currently, Pursuing B.Tech in Computer Science from Medi-Caps University, Indore. I am a Tech Enthusiast and a Voracious Learner, getting my hands dirty in as many fields I can, including, Content Writing| Designing | Marketing| Develpoment. Connect to me on LinkedIn and let me know your feedback for my work. I would love to hear from you.


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