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 personal 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.

Looking for the fastest instant personal loan? Here’s the list of 10 instant loan apps in India.

1. Zype

Zype is the fastest loan app of India that gives instant personal loans up to ₹5 lakhs starting at just 1.5% interest rate. Borrow the money you need now and repay later in 3, 6, 9 or 12 flexible EMIs.

— Apply for a loan in less than 8 minutes.

— Get approval in less than 60 seconds.

— Receive the money in your account within 24 hours.

Eligibility Criteria:

This is what you need to get an instant personal loan from Zype:

— Be a salaried professional.

— Have a minimum monthly salary of ₹15,000.

— Have a valid PAN Card & Aadhaar card.

Benefits of borrowing money from Zype:

1. One credit line, infinite loans

Get approved for a credit line once and take as many loans as you want from it. Enjoy the convenience of getting cash whenever you need it without repeating the application process again and again.

2. Instant cash, anytime you need

With your Zype credit line, you can get access to money at all times. All you have to do is select the amount you need, your repayment period and transfer money to your account in a single click.

3. Pay zero interest on unused credit

You will only be charged interest on the money you borrow from your credit line.

2. Bajaj Finserv

You can apply for personal loans from ₹30,000 to ₹25 lakhs on Bajaj Finserv. It offers personal loans with an interest rate between 12% to 34% with a processing fee ranging between ₹500 to ₹2000. You can borrow the money you need now and pay later in EMIs ranging between 12 to 84 months.

3. MoneyTap

MoneyTap is an instant personal loan app that offers loans up to ₹5,00,000 with a starting interest rate of 12% per annum. You need to have a minimum monthly salary of ₹30,000 to be eligible for a loan from MoneyTap. The repayment tenure for MoneyTap is 3 to 36 months with a processing fee from 2% to 3.75%.

4. PaySense

PaySense offers personal loans from ₹5,000 to ₹5,00,000 with an annual percentage of 16% to 36% without any collateral. You can repay your loan in 3 to 60 EMIs. To be eligible for a loan from PaySense, you need to be 21 years or above and be a resident of India.

5. KreditBee

You can get a personal loan online from KreditBee in a few simple steps. Get loans starting from as low as ₹1,000 up to ₹4,00,000 starting at interest rate from 0% to 29.95% per annum. Get a fast approval for the money you need now and repay later in flexible EMIs between 3 to 24 months.

6. MoneyView

On MoneyView, you can apply for a personal loan from anywhere! Get personal loans starting from ₹10,000 up to ₹5,00,000 at interest rate ranging between 16% to 39% per annum. Get the money you need now and pay later in 3 months to 5 years. To be eligible for a personal loan from MoneyView you need to be at least 21 years old and have a minimum credit score of 600. 

7. Fibe (EarlySalary)

Fibe, formerly known as EarlySalary, offers personal loan from ₹5,000 up to ₹5,00,000. With an easy application process and minimal documentation, you can get a quick approval for loans with interest rate between 16.75% to 74%. To be eligible for a loan from Fibe you need be salaried professional with a minimum salary of ₹15,000 and have your PAN and Aadhaar card.

8. Stashfin

Stashfin is a credit line and instant loan app that is powered by Akara Capital Advisor. You can easily apply for a loan online and enjoy a credit line up to ₹5,00,000. The interest rate on the loans range between 11.99% to 59.99% per annum and you can repay the loan later in 3 to 36 months, depending on your EMIs. All you need is an address proof and PAN to apply for a loan. In some cases, you could be asked for your bank statement and ITR/GST papers.

9. TrueBalance

TrueBalance is a lending and financial services platform that offers instant loans from ₹10,000 to ₹1,00,000. You can take the loan now and repay in EMIs ranging between 62 days to 6 months at a low processing fee. The interest rate on your loans can be anything between 60% to 154.8% per annum.

10. Navi

Of the many products and services Navi offers, it also gives personal loans up to ₹20,00,000 starting from 9.9% – 45% per annum. You can take the loan now and pay later in flexible EMIs ranging between 3 to 72 months.

These loan applications have made credit more accessible and are bridging the cash needs of millions of Indians.

Before you take a personal loan there are many factors that you must consider.

Check the eligibility criteria, documents required, interest rate offered, repayment schedule, and processing fee.

The most important thing you need to verify is whether the lender is legitimate and follows all the fair practice code of the RBI.

Need an instant loan from the fastest loan app of India? Download the Zype app now!