25 Fastest Instant Personal Loan Apps in India 2024 The entry of loan apps has changed the way Indians borrow money. You don’t have to spend hours completing your application or wait for days just to get an approval anymore. Borrowing money has now become a matter of just a few taps because instant loans are revolutionizing the experience. No document uploads, no paperwork. Just submit basic information like your name, income details and PAN to get approval within minutes. Top 25 Instant Loan Apps in India Loan App Name Min and Max Loan Amount Interest Rates(%) Documents Required Zype Rs 1000 to Rs 5 lakhs Personal Loan Starting at 1.5% (per month) Only PAN & Aadhaar card Bajaj Finserv Rs 30000 to 40 Lakhs 12% p.a. onwards Aadhaar card, PAN card, Salary slips of last 3 months MoneyTap Rs 3000 to Rs 5 lakhs 12% p.a. onwards Aadhaar number, Identity proof, Passport-sized photo/Selfie. PaySense Rs 5000 to Rs 5 lakhs 14% – 36% p.a. PAN card, Aadhaar card, bank statement of last 3 months. KreditBee Rs 1000 to Rs 5 lakhs Up to 29.95% (annual) Real-time selfie verification, PAN card, Aadhaar card, bank statement. MoneyView Rs 5000 to Rs 10 lakhs Up to 39% (annual) PAN card, valid Indian passport, valid voter ID, last 3 months salary slips or bank statement Fibe (EarlySalary) Rs 5000 to Rs 5 lakhs Up to 74% (annual) PAN card, Aadhaar card and bank statement. Stashfin Rs 1000 to Rs 5 lakhs Up to 59.99% (annual) Aadhaar card, PAN card, Bank Statement (Optional) TrueBalance Rs 1000 to Rs 1 lakh 60% to 154.8% (annual) KYC documents like PAN, Aadhaar card Navi Rs 5000 to Rs 20 lakhs Up to 45% (annual) Aadhaar card and PAN card Kissht Rs 3000 to Rs 2 lakhs 18% to 36% (annual) KYC details and photocopy of Aadhaar card SmartCoin Rs 1000 to Rs 1 lakh 30% to 90% (annual) PAN and Aadhaar card. IIFL Loans App Rs 5000 to Rs 5 lakhs 21% to 30% (annual) PAN Card, Aadhaar card/Driving license, Bank statement of 6-12 months. Tata Capital Personal Loan App Rs 75000 to Rs 35 lakhs Up to 34.99% KYC documents, Proof of employment, and Income proofs mPokket Rs 500 to Rs 30000 Up to 48% p.a. Bank statement, Aadhaar card, Driving license, Voter ID, PAN card, KYC details. CASHe Rs 1,000 to Rs 4 lakhs 2.50% p.m. onwards Salary slips, Bank statement, Aadhaar card, PAN card, KYC details. Nira Finance Rs 5,000 to Rs 1 lakh Up to 2.5% (per month) Salary slips, Bank statement, Aadhaar card, PAN card, KYC details. LoanTap Rs 50,000 to Rs 10 lakhs Up to 2% (per month) Salary slips, Bank statement, Aadhaar card, PAN card, KYC details. IDFC First Bank Rs 1,00,000 to Rs 25 lakhs 10.99% p.a. onwards Salary slips, Bank statement, Aadhaar card, PAN card, KYC details. ZestMoney Rs 5,000 to Rs 1 lakh Up to 30% (per annum) Bank statement, Aadhaar card, PAN card, KYC details True Balance Rs 1,000 to Rs 50,000 Up to 3% (per month) Bank statement, Aadhaar card, PAN card, KYC details. Buddy Loan Rs 1,000 to Rs 15 lakhs 11.99% p.a. onwards Salary slips, Bank statement, Aadhaar card, PAN card, KYC details. LazyPay Rs 5,000 to Rs 1 lakh Up to 3% (per month) Bank statement, Aadhaar card, PAN card, KYC details SMFG India Credit Rs 50,000 to Rs 25 lakhs Starting from 10.99% (per annum) Salary slips, Bank statement, Aadhaar card, PAN card, KYC details. Hero FinCorp Rs 50,000 to Rs 15 lakhs Starting from 11.99% (per annum) Salary slips, Bank statement, Aadhaar card, PAN card, KYC details. 1. Zype Zype is the fastest instant personal loan app of India designed to offer a differentiated experience to the users. Whether you need emergency loan or want to splurge on yourself, you can meet your diverse financial needs. Trusted by more than 900k users, Zype aims to change the way Indians borrow money by providing a seamless credit experience to them. Why Zype is the Best Fastest Instant Personal Loan App in India Maximum Loan Amount: Rs 5 lakhs Personal Loan Minimum Loan Amount: Rs 1000 Maximum Loan Tenure: 1 year Interest Rate: Starting at 1.5% (per month) Minimum Salary Required: Rs 15000 Documents Required: Only PAN & Aadhaar card. Features: Application takes 5 minutes, Loan approval in 60 seconds, Loan Disbursal within 24 hours, No hidden charges, No pre-closure charges, With one credit line get multiple loans, Pay interest only on the amount you use, No Collateral, No document upload or paperwork. 2. Bajaj Finserv Bajaj Finserv is a non-banking financial company (NBFC) that offers a diverse range of financial solutions. With the app, you can get different kinds of loans, manage your investments, and even get insurance. Maximum Loan Amount: Rs 25 lakhs Minimum Loan Amount: Rs 30000 Maximum Loan Tenure: 84 months Interest Rate: Up to 34% (annual) Minimum Salary Required: Rs 25000 monthly Documents Required: KYC Documents like Aadhaar card or passport, PAN card, Employee ID card, Salary slips of last 3 months, Bank statement of last 3 months. Features: No prepayment charge, Flexible repayment tenure, Quick Approval, Fast Disbursal, No Hidden charges, No collateral. 3. MoneyTap MoneyTap is a credit line loan app that offers a credit line to salaried individuals. You can take multiple personal loans from the line whenever you need. Maximum Loan Amount: Rs 5 lakhs Minimum Loan Amount: Rs 3000 Maximum Loan Tenure: 36 months Interest Rate: Up to 36% (annual) Minimum Salary Required: Rs 30000 monthly Documents Required: Aadhaar number, Identity proof (Driving Licence/Voter ID/Passport/Aadhaar/PAN), Address proof (Driving license/Voter ID/Passport/Aadhaar/Utility bills/bank statements), Passport-sized photo/Selfie. Features: Flexible repayment tenure, Pay interest only on the borrowed amount, Paperless application. 4. PaySense PaySense is one of the registered fastest instant loan app of India that provides different kinds of loans including personal loan for Wedding, vehicle loan, travel loan, student loan, medical emergency loan, etc. Maximum Loan Amount: Rs 5 lakhs Minimum Loan Amount: Rs 5000 Maximum Loan Tenure: 3 to 60 months Interest Rate: Up to 36% (annual) Minimum Salary Required: Rs 18000 monthly Documents Required: Identity proof like PAN

How To Get More Loan Approved By Zype? If you’ve an active Zype credit line but are not satisfied with your current credit limit, follow these steps to apply for a higher limit – Open the Zype app and tap on “increase limit” at the top-right corner of the screen Tap on ‘Continue’ to upload your last four months’ salary bank account statement. Select the bank where your salary is credited Choose your preferred method between netbanking or PDF upload to share your bank statement If you choose netbanking, enter your Login ID and password and tap on “Log in” If you want to upload the PDF, keep it ready by downloading it from your bank’s website or app. Then, tap on “Choose PDF File” and upload the document Once your bank statement upload is successful, you will be evaluated for a higher credit limit. Zype also does timely credit assessments and if we see that you’re making regular EMI payments and showing good credit behaviour, we offer an increased credit limit. Also Read: Get Personal Loan App On Your Mobile Phone Apply Now YOU MAY ALSO LIKE Personal Loan Control Number in CIBIL Report: What is It & How to Get it? May 28, 2024 0 Personal Loan Top 10 Emerging Trends in Financial Services in India May 28, 2024 0 Personal Loan What is Unsecured Debt? Definition and Examples May 27, 2024 0 Personal Loan Step By Step Guide to Overcoming Financial Crisis May 27, 2024 0 Personal Loan Difference between Debt Consolidation and Debt Settlement May 24, 2024 0 Personal Loan Pre-Qualified vs. Pre-Approved Personal Loan: What’s the Difference? May 24, 2024 0

Personal Loans Without a PAN Card – Is it a Good Idea? Instant personal loans play an integral role in bridging the gap between people and their immediate need for cash. Many banking and non-banking financial companies offer digital loans that are convenient, hassle-free and require no documentation. All you have to do is submit basic information like your name, monthly income, and PAN to apply for a personal loan. According to the regulatory practices of the RBI, it is mandatory for you to submit your PAN. This allows the lender to assess your credit profile, determine your credit worthiness and give you an appropriate loan offer. However, there are a few NBFCs that offer personal loans without a PAN. They ask for other alternatives like bank statement, Aadhaar card and permanent address proof. Read More: Why Opting For an NBFC Personal Loan is a Better Option? Personal Loan Without PAN Card Most lenders require a PAN card to approve you for a personal loan. While there are lenders out there who offer a personal loan without PAN, they require some alternate documents.This is a list of documents that can act as an alternative to your PAN card Aadhaar card Driver’s license Passport Voter ID Please note that the documents required can vary from lender to lender. Check the requirements of the lender before starting your loan application. Read More: Documents Needed for Personal Loan Eligibility Criteria for Online Loan Without a PAN Card To get a personal loan without a PAN card, you need to meet the eligibility criteria of the lender. These are some common requirements that most lenders follow: 1. You should be 18 years or above. 2. You should have a valid Aadhaar card, passport, or voter ID . 3. You should have a stable source of income. 4. You should have a good credit history. Note: The eligibility criteria may be different for different lenders. It’s best you confirm the eligibility criteria of the lender before applying for a loan. Read More: Personal Loan Eligibility But is it a good idea to take personal loans without a PAN card? Here are the pros and cons. Pros: 1) Flexibility for Non-PAN Holders If you don’t have a PAN card or are a student who urgently needs money, then such lenders can help you out. The absence of your PAN won’t stop you from getting instant access to the money you need. Cons: 1)   It Could be a Chinese Loan App If your lender is giving you a personal loan without PAN, then there is a possibility that it could be a Chinese loan app and it’s best to avoid it. Chinese loan apps are fraudulent apps that target low-income groups and offer low-ticket loans at a very high interest rate. Such lenders don’t follow any regulatory guidelines of the RBI, engage in abusive practices for quick recovery and misuse your personal information to threaten you. 2)  You might End up Paying a Very High Interest Rate If you are getting a loan without a PAN, then you could be seen as a high-risk borrower. This might increase the chances of you getting a loan at a higher interest rate and processing fee. 3)  Your Lender won’t be Able to Report Any of Your Loan Activity to the Credit Bureau Your PAN card is linked to the credit bureau that helps you create a repayment history. This means if you take a personal loan without PAN and repay all your EMIs on time, it won’t reflect on your credit profile. This way you won’t be able to improve your credit score and face a lot of difficulty in creating a credit history. Conclusion Yes, personal loans without PAN seem like a convenient option when you don’t have the documents you need, but it is more important to take loans from a secure and credible lender. Make sure you take personal loans from a genuine Fintech platform like Zype. Apply Now Frequently Asked Question Can I Get A Loan Without A Pan Card? Yes, you can. There are many lenders out there who offer personal loans without a PAN card. However, taking a loan from lenders who require a PAN card is a much safer lending option. How Long Will It Take To Get A Loan Without A Pan Card? The time taken to get a loan without a PAN card depends on the lender you’re choosing. Can I Get A Personal Loan From Zype Without A Pan Card? No, a PAN card is a mandatory document to complete your credit line application on Zype. YOU MAY ALSO LIKE Personal Loan Control Number in CIBIL Report: What is It & How to Get it? May 28, 2024 0 Personal Loan Top 10 Emerging Trends in Financial Services in India May 28, 2024 0 Personal Loan What is Unsecured Debt? Definition and Examples May 27, 2024 0 Personal Loan Step By Step Guide to Overcoming Financial Crisis May 27, 2024 0 Personal Loan Difference between Debt Consolidation and Debt Settlement May 24, 2024 0 Personal Loan Pre-Qualified vs. Pre-Approved Personal Loan: What’s the Difference? May 24, 2024 0

How to Pay Bills With Zype? Making bill payments on Zype is fast and rewarding. Pay for electricity, FASTag, DTH, gas cylinder, etc from the Zype app and get guaranteed cashback on every payment. Bill Payments And Recharges You Can Do on Zype Electricity bill FASTag DTH recharge Gas cylinder booking and piped gas Water Postpaid bills of mobile, landline and broadband Insurance premiums Cable TV Hospital bills Subscriptions Etc How to Pay Bills on Zype? Follow these quick steps to pay bills through the app: Open the Zype app and choose one of the utility or recharge option on the home screen. You can also tap on “See all” to view all payment categories. Once you choose the utility or recharge option, choose the biller. For example – If you want to pay the electricity bill, you will need to choose your biller, (like Adani Electricity, Tata Power, etc) and enter your consumer number Tap on ‘Pay’ and complete your transaction using your preferred UPI app Benefits of Paying Bills With Zype Get Flat 1% Cashback Pay bills and recharges from the Zype app and get flat 1% cashback on every payment. No Extra Fee Pay your bills with Zype without paying any transaction fee. Apply Now YOU MAY ALSO LIKE Personal Loan Control Number in CIBIL Report: What is It & How to Get it? May 28, 2024 0 Personal Loan Top 10 Emerging Trends in Financial Services in India May 28, 2024 0 Personal Loan What is Unsecured Debt? Definition and Examples May 27, 2024 0 Personal Loan Step By Step Guide to Overcoming Financial Crisis May 27, 2024 0 Personal Loan Difference between Debt Consolidation and Debt Settlement May 24, 2024 0 Personal Loan Pre-Qualified vs. Pre-Approved Personal Loan: What’s the Difference? May 24, 2024 0