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
Name | Max Loan Amount |
Zype | Rs. 5 lakhs |
Bajaj Finserv | Rs. 40 lakhs |
MoneyTap | Rs 5 lakhs |
PaySense | Rs 5 lakhs |
KreditBee | Rs 5 lakhs |
MoneyView | Rs 10 lakhs |
Fibe (EarlySalary) | Rs 5 lakhs |
Stashfin | Rs 5 lakhs |
TrueBalance | Rs 1 lakh |
Navi | Rs 20 lakhs |
Kissht | Rs 2 lakhs |
SmartCoin | Rs 1 lakh |
IIFL Loans App | Rs 5 lakhs |
Tata Capital Personal Loan App | Rs 35 lakhs |
mPokket | Rs 30000 |
CASHe | Rs 4 lakhs |
Nira Finance | Rs 1 lakh |
LoanTap | Rs 10 lakhs |
IDFC First Bank | Rs 25 lakhs |
ZestMoney | Rs 1 lakh |
True Balance | Rs 50,000 |
Buddy Loan | Rs 15 lakhs |
LazyPay | Rs 1 lakh |
SMFG India Credit | Rs 25 lakhs |
Hero FinCorp | Rs 15 lakhs |
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 card or Aadhaar card, Address proof like Utility Bills, Rental agreement or Aadhaar, and bank statement of last 3 months.
Features: Quick loan approval and disbursal, Simple application process, Flexible repayment tenure, Transparent terms of use, No collateral.
5. KreditBee
KreditBee is an instant personal loan app that offers flexi loans to both salaried and self-employed individuals in a few simple steps. There is no restriction on the loans that can help you meet both big and small expenses.
Maximum Loan Amount: Rs 4 lakhs
Minimum Loan Amount: Rs 1000
Maximum Loan Tenure: 24 months
Interest Rate: Up to 29.95% (annual)
Minimum Salary Required: Rs 15000 monthly
Documents Required: Real-time selfie verification, Identity proof like PAN card, Address proof like Aadhaar card or passport, employment proof and bank statement.
Features: Quick Approval, Flexible repayment options, paperless, No hidden costs.
6. MoneyView
MoneyView is an instant personal loan app that offers small-ticket and big-ticket loans to both salaried and self-employed individuals all over India.They are currently serving more than 5000 locations in the country.
Maximum Loan Amount: Rs 10 lakhs
Minimum Loan Amount: Rs 5000
Maximum Loan Tenure: 3 months to 5 years
Interest Rate: Up to 39% (annual)
Minimum Salary Required: Rs 13,500 monthly
Documents Required: Proof of identity and address like PAN card, valid Indian passport, valid voter ID, driver’s license, or utility bills and a proof of income (last 3 months salary slips or bank statement).
Features: Paperless application process, Flexible EMIs, No hidden charges, Quick disbursal, No collateral, Affordable interest rate.
7. Fibe (EarlySalary)
Fibe formerly known as EarlySalary offers unsecured personal loans to young and tech-savvy Indian customers for their diverse financial needs.They offer different kinds of financial products like short-term personal loans, long-term personal loans, and other buy now pay later services.
Maximum Loan Amount: Rs 5 lakhs
Minimum Loan Amount: Rs 5000
Maximum Loan Tenure: 3 to 36 months
Interest Rate: Up to 74% (annual)
Minimum Salary Required: Rs 15000 monthly
Documents Required: PAN card, Aadhaar card and bank statement.
Features: No collateral, Minimal paperwork, No pre-closure charges, Digital process, Instant approval.
8. Stashfin
Stashfin is a credit line and fastest instant loan app that is powered by Akara Capital Advisor that offers personal loans in more than 30 cities across India.
Maximum Loan Amount: Rs 5 lakhs
Minimum Loan Amount: Rs 1000
Maximum Loan Tenure: 3 months to 36 months
Interest Rate: Up to 59.99% (annual)
Minimum Salary Required: Stable source of income
Documents Required: Address proof like Aadhaar card, Voter ID, Passport or driving license, Identity proof like PAN card, Bank Statement (Optional), ITR/GST papers (optional).
Features: Flexible repayment options, Minimum documentation, Instant approval, Quick disbursal, No joining fees, Pay interest only on the loan amount you use, No hidden fees.
9. TrueBalance
TrueBalance is a lending and financial services platform that gives instant personal loans. They also offer other financial services like bill payments, prepaid and postpaid payments.
Maximum Loan Amount: Rs 1 lakh
Minimum Loan Amount: Rs 1000
Maximum Loan Tenure: 62 days to 12 months
Interest Rate: 60% to 154.8% (annual)
Documents Required: KYC documents like PAN, Aadhaar card.
Features: Digital process, Low processing fees, Long repayment tenure, Convenient repayment method.
10. Navi
Apart from giving personal loans, Navi offers credit scores for a wide range of financial services like investments in mutual funds, health insurance, home loans and UPI payments.
Maximum Loan Amount: Rs 20 lakhs
Minimum Loan Amount: Rs 5000
Maximum Loan Tenure: 3 to 84 months
Interest Rate: Up to 45% (annual)
Minimum Salary Required: Annual income more than Rs 3 lakhs
Documents Required: Aadhaar card and PAN card.
Features: Instant disbursal, Minimal documentation, Flexible EMI options, No pre closure fees, No processing fees.
11. Kissht
Kissht is a credit platform that offers fastest instant personal loans and provides a seamless credit experience to its users.
Maximum Loan Amount: Rs 2 lakhs
Minimum Loan Amount: Rs 3000
Maximum Loan Tenure: 24 months
Interest Rate: 18% to 36% (annual)
Minimum Salary Required: Rs 12000 monthly
Documents Required: KYC details and photocopy of Aadhaar card.
Features: Instant approval, Attractive interest rate, Flexible tenure, Multiple repayment options, Digital process.
12. SmartCoin
SmartCoin offers instant personal loans for different purposes like medical emergencies, loans for education, household expenses, home renovation loan, shopping loans, etc. They offer credit to both salaried and self-employed individuals.
Maximum Loan Amount: Rs 1 lakh
Minimum Loan Amount: Rs 1000
Maximum Loan Tenure: 2 to 12 months
Interest Rate: 30% to 90% (annual)
Minimum Salary Required: Rs 20000
Documents Required: Address Proof and ID Proof like PAN and Aadhaar card.
Features: No Collateral, No pre-closure charges, Flexible repayment options, Minimal paperwork, Digital process.
13. IIFL Loans App
IIFL offers different types of loans like gold loan, personal loan, business loan, and home loans. That’s not all, they also provide other investment and insurance services.
Maximum Loan Amount: Rs 5000
Minimum Loan Amount: Rs 5 lakhs
Maximum Loan Tenure: 3 to 42 months
Interest Rate: 21% to 30% (annual)
Minimum Salary Required: Rs 15000 monthly
Documents Required: Identity proof (PAN), Address proof ( Aadhaar card/Driving license), Bank statement of 6-12 months.
Features: Paperless application process, affordable interest rate, flexible repayment options, quick approval and disbursal, minimal documentation.
14. Tata Capital Personal Loan App
On Tata capital personal loan app, you can get personal loans, home loans, business loans, vehicle loans, and loan against property, anytime you need!
Maximum Loan Amount: Rs 35 lakhs
Minimum Loan Amount: Rs 75000
Maximum Loan Tenure: 6 years
Interest Rate: Up to 34.99%
Minimum Salary Required: Rs 15000 monthly
Documents Required: KYC documents, Proof of employment, and Income proofs.
Features: Flexibility of end use of the loan, No collateral, No prepayment charges.
15. mPokket
mPokket is one of the few loan apps of India that gives out small-ticket loans to both salaried individuals and students.
Maximum Loan Amount: Rs 30000
Minimum Loan Amount: Rs 500
Maximum Loan Tenure: 61 days to 120 days
Interest Rate: up to 4% (per month)
Minimum Salary Required: Rs 9000 monthly
Documents Required: College IDs for students, Bank statement, Aadhaar card, Driving license, Voter ID, PAN card, KYC details.
Features: Flexible repayment options, Reward for on-time repayment, Low processing fees.
16. CASHe
CASHe is a popular loan app in India that provides quick loans to salaried individuals and self-employed professionals.
Maximum Loan Amount: Rs 4,00,000
Minimum Loan Amount: Rs 1,000
Maximum Loan Tenure: 3 months to 12 months
Interest Rate: up to 2.5% (per month)
Minimum Salary Required: Rs 15,000 monthly
Documents Required: Salary slips, Bank statement, Aadhaar card, PAN card, KYC details.
Features: Instant approval, flexible repayment options, and no hidden charges.
17. Nira Finance
Nira Finance offers personal loans to individuals for various needs, including emergencies and personal expenses.
Maximum Loan Amount: Rs 1,00,000
Minimum Loan Amount: Rs 5,000
Maximum Loan Tenure: 3 months to 12 months
Interest Rate: up to 2.5% (per month)
Minimum Salary Required: Rs 12,000 monthly
Documents Required: Salary slips, Bank statement, Aadhaar card, PAN card, KYC details.
Features: Fast disbursement, Flexible repayment terms, Personalized loan offers.
18. LoanTap
LoanTap specializes in providing personal loans and flexible repayment plans to meet the needs of salaried individuals.
Maximum Loan Amount: Rs 10,00,000
Minimum Loan Amount: Rs 50,000
Maximum Loan Tenure: 6 months to 5 years
Interest Rate: up to 2% (per month)
Minimum Salary Required: Rs 25,000 monthly
Documents Required: Salary slips, Bank statement, Aadhaar card, PAN card, KYC details.
Features: Unique repayment options, Prepayment facility, Easy online process.
19. IDFC First Bank
IDFC First Bank offers a variety of personal loans with competitive interest rates to eligible customers.
Maximum Loan Amount: Rs 25,00,000
Minimum Loan Amount: Rs 1,00,000
Maximum Loan Tenure: Up to 5 years
Interest Rate: starting from 10.5% (per annum)
Minimum Salary Required: Rs 20,000 monthly
Documents Required: Salary slips, Bank statement, Aadhaar card, PAN card, KYC details.
Features: Quick disbursal, No hidden charges, Flexible tenures.
20. ZestMoney
ZestMoney offers instant credit options for consumers purchasing goods and services without upfront payments.
Maximum Loan Amount: Rs 1,00,000
Minimum Loan Amount: Rs 5,000
Maximum Loan Tenure: 3 months to 24 months
Interest Rate: up to 30% (per annum)
Minimum Salary Required: Not specified
Documents Required: Bank statement, Aadhaar card, PAN card, KYC details.
Features: Easy repayment plans, Instant approval, Zero cost EMI options.
21. True Balance
True Balance is known for offering instant personal loans to individuals without requiring a traditional credit score.
Maximum Loan Amount: Rs 50,000
Minimum Loan Amount: Rs 1,000
Maximum Loan Tenure: 61 days to 180 days
Interest Rate: up to 3% (per month)
Minimum Salary Required: Rs 10,000 monthly
Documents Required: Bank statement, Aadhaar card, PAN card, KYC details.
Features: User-friendly app, Quick loan approval, Low-interest rates.
22. Buddy Loan
Buddy Loan provides personal loans with a simple and transparent process, catering to a wide range of needs.
Maximum Loan Amount: Rs 15,00,000
Minimum Loan Amount: Rs 1,000
Maximum Loan Tenure: 3 months to 5 years
Interest Rate: starting from 11% (per annum)
Minimum Salary Required: Rs 25,000 monthly
Documents Required: Salary slips, Bank statement, Aadhaar card, PAN card, KYC details.
Features: Quick processing, Flexible repayment options, No hidden fees.
23. LazyPay
LazyPay is a convenient app that allows users to access instant loans for shopping or personal use with easy repayment.
Maximum Loan Amount: Rs 1,00,000
Minimum Loan Amount: Rs 5,000
Maximum Loan Tenure: 3 months to 12 months
Interest Rate: up to 3% (per month)
Minimum Salary Required: Rs 15,000 monthly
Documents Required: Bank statement, Aadhaar card, PAN card, KYC details.
Features: Instant credit, Easy repayment plans, Zero-interest offers on specific purchases.
24. SMFG India Credit (formerly Fullerton India)
SMFG India Credit offers personal loans for various purposes, ensuring quick access to funds for customers.
Maximum Loan Amount: Rs 25,00,000
Minimum Loan Amount: Rs 50,000
Maximum Loan Tenure: Up to 5 years
Interest Rate: starting from 10.99% (per annum)
Minimum Salary Required: Rs 20,000 monthly
Documents Required: Salary slips, Bank statement, Aadhaar card, PAN card, KYC details.
Features: Competitive rates, Quick processing time, Flexible repayment options.
25. Hero FinCorp
Hero FinCorp provides personal loans to individuals with easy eligibility criteria and attractive interest rates.
Maximum Loan Amount: Rs 15,00,000
Minimum Loan Amount: Rs 50,000
Maximum Loan Tenure: Up to 5 years
Interest Rate: starting from 11.99% (per annum)
Minimum Salary Required: Rs 20,000 monthly
Documents Required: Salary slips, Bank statement, Aadhaar card, PAN card, KYC details.
Features: Quick loan approval, Flexible tenures, Personalized offers.
Add the above Loan Apps and write the content with approximately 100-150 words as existing formats.
Factors to Consider When Choosing a Fastest Instant Personal Loan App Online
When choosing among the fastest instant loan apps available in the market, there are some important factors you need to consider.
1. Credit Score
Your credit score plays a crucial role in deciding the loan amount you’re approved for. And a good credit score and strong credit profile can help you get cash from the best personal loan app in India.
2. Loan Amount
The best app for personal loan is the one that helps you meet your financial needs. Evaluate your financial requirements and loan amount you need before applying for a personal loan. If you need a big-ticket loan, you can choose to take a loan from a lender who offers a higher amount, but if you need a small-ticket loan, there are many small credit loan app that can help you meet your needs.
3. Type of Loan
The rise of the credit line apps in India has helped millions of Indians meet their diverse financial requirements. Before applying for a personal loan, evaluate why you need it. For example; if you need some cash now but may also have a requirement for it in the future, you can choose a credit line loan app.
4. Lender Reputation
What’s more important than choosing the fastest instant personal loan app in India, is choosing a trusted online loan app. Make sure you choose a lender that follows all the regulatory guidelines of the RBI.
Read More: 14 Different Types of Loans Available In India
Conclusion
Now that you have a list of the fastest instant personal loan apps in India, you can evaluate your financial requirements and choose an app which fits your needs.
Frequently Asked Question
Which App Gives Instant Loans In India?
There are many loan apps like Zype, MoneyTap, Fibe and KreditBee from where you can get instant personal loans in no time. You can get money up to ₹5,00,000 in your account on the same day of loan application from the Zype app without uploading documents.
How Can I Get A Loan Immediately?
If you need a loan immediately, you should choose the loan app which gives instant approval and fast disbursal. You should check the ratings, reviews and loan terms before applying for a loan and choose a loan app which gives instant loans.
Can I Get A Personal Loan In 1 Day?
You can get a personal loan in one day from the Zype app. Download the app and enter basic details to complete your loan application. Your credit limit offer will be generated in less than 60 seconds and the loan amount will be transferred to your account on the same day of loan application.
How Do Instant Loan Apps Work?
Instant loan apps are the fastest and most hassle-free way to get a personal loan. To borrow money from a loan app, you need to download the app, enter your details and upload the documents required by the lender. Based on this information, you get a loan limit. You can choose the loan amount and repayment tenure and transfer the money to your bank account.
What Are The Advantages Of Using The Fastest Instant Loan App?
The key advantages of using a fast loan app like Zype are instant approval and fast disbursal. This ensures that you get the loan amount transferred to your bank in no time. This is incredibly useful during urgent financial needs like a medical emergency.
Which Is The Fastest Instant Loan App With A Low Interest Rate?
Download the Zype app now if you want to experience a fast and affordable instant loan app. Our interest rates start at 1.5% per month and the money is transferred from the credit line to your account on the same day of loan application.
How To Get 15k Rupees Instantly?
To get a ₹15k personal loan, download an instant loan app and complete the loan application process. Before finalizing a lender, you should check the eligibility criteria and documents required to ensure that you’re eligible for the loan.
What Are The Benefits Of Using An Instant Loan App?
The biggest advantages of using an instant loan app are instant approval, fast disbursal, flexible EMI options, competitive interest rates, minimal or no documentation, loan without collateral and no physical paperwork.
