15 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 15 Instant Loan Apps in India 2024

Name

Max Loan Amount

Starting Interest Rate (Annual)

Zype

Rs. 5 lakhs

18% 

Bajaj Finserv

Rs. 40 lakhs

11% 

MoneyTap

Rs 5 lakhs

12%

PaySense

Rs 5 lakhs

16%

KreditBee

Rs 5 lakhs

16%

MoneyView

Rs 10 lakhs

16%

Fibe (EarlySalary)

Rs 5 lakhs

16.75%

Stashfin

Rs 5 lakhs

11.99%

TrueBalance

Rs 1 lakh

60%

Navi

Rs 20 lakhs

9.9%

Kissht

Rs 2 lakhs

18%

SmartCoin

Rs 1 lakh

30%

IIFL Loans App

Rs 5 lakhs

21%

Tata Capital Personal Loan App

Rs 35 lakhs

10.99%

mPokket

Rs 30000

0%

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 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 personal loan apps of India that provides different kinds of loans including personal loan for marriage, 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 cash 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 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 offecredit scrs 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 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, 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.

Factors to Consider When Choosing a 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.

credit sc1. 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.

Read More: 14 Different Types of Loans Available In India

4. Lender Reputation

What’s more important than choosing the best 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.

Conclusion

Now that you have a list of the best 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.

Download Zype App​

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