MoneyTap Blog

10 Indian Apps That Are Giving Quick Cash Loans

There are times when one might need a fast cash loan urgently. Asking friends is an option, but if the amount is large, banks or money lenders are the only places to get it. Banks take a long time to process loan applications and money lenders are known to charge high-interest rates making the process very dubious. The scenario has changed, and today there are many apps that are giving quick cash loans.

Need Money Urgently? Try Quick Cash Loans in India

The internet has revolutionised the way India works. Today one can purchase anything from vegetables to a Smart TV and more, sitting in the comfort of one’s home. The situation is no different if one needs fast and easy cash loans in India. Apply online with the requisite scanned documents and the loan amount can be delivered to your doorstep or credited to your bank account, depending on your convenience.

Such loans, also known as payday loans, are a relatively new concept in India. Usually given in cash for meeting short-term financial requirements, these loans are also known as an instant cash loan or a salary advance loan in India. While seeking a salary advance loan in India, it is necessary to be salaried and have a good credit history. This is because most companies, websites and apps for quick cash loans conduct a credit check. A good credit history makes it easier to procure quick cash loans in India.

Now let us look at a few apps for quick cash loans online.

Apps App Downloads
(Google Play Store)
Reviews Star Ratings Mininum
& Maximum

Loan Amount
2,500,000+ 32908 4.3
up to ₹ 5 Lakh
10,000+ 157 2.8
up to ₹ 1 Lakh
50,000+ 1159 3.7
loan up to ₹ 2 Lakh
1,000,000+ 15774 4.0
up to ₹ 2 Lakh
1,000+ 9 3.1
₹1 Lakh
up to ₹ 5 Lakh
1,000+ 602 3.4
up to ₹ 1 Lakh
10,000+ 149 4.1
up to ₹ 1 Lakh
100,000+ 1341 3.8
up to ₹ 1 Lakh
1,000,000+ 22809 4.1
up to ₹ 50,000
1,000,000+ 15088 4.2
up to ₹ 2 Lakh

Data Source: Google Play Store

1. MoneyTap

MoneyTap is India’s first app-based credit line. The USP of this company is its no-usage-no-interest feature which has made taking credit more affordable. Thanks to this feature, the user only pays interest on the amount used. The company provides a personal credit line to its customers, which is more than a personal loan or a credit card. MoneyTap is essentially a money lending company with flexible interest rates, currently servicing clients in Delhi NCR, Mumbai, Bangalore, Hyderabad and Chennai as well as other major cities.

When a person needs a quick cash loan, there are very few options available.One is to seek a personal loan, which can be a time-consuming process requiring many kinds of paperwork and multiple document submissions. The next is taking a loan through a credit card, but interest rates are extremely high. Asking friends or relatives for money can be embarrassing, and not everyone is lucky enough to get a salary advance loan in India from their employers. It is this scenario that MoneyTap seeks to address. The company has positioned itself as one of the go-to apps for quick cash loans. A user with a smartphone and a PAN card can check eligibility in less than 15 minutes and then apply for a line of credit.

2. Rupeelend

Rupeelend, launched in 2015 is currently operational in NCR, Mumbai and Bangalore. It is part of the RupeeLend Group, a digital finance company which provides short-term credit to consumers and businesses. The company provides an online three-minute application process and promises quick decision.The maximum loan amount at Rupeelend whose USP is short-term loans is Rs. 1,00,000 at one time, so that customers can repay without difficulty. The minimum is Rs. 10,000. The loan period can range from 61 to 90 days. The customer has the option of planning his or her repayment schedule. There are no processing fees, pre-payment or pre-closure charges.

3. Flexsalary

This company has planned their product to take on personal loans. Thus, their features are in sharp contrast to those of personal loans. One-time application, one-time approval, instant disbursals, the option for customers to access their credit anytime, customers have the option to decide the loan tenure, and a flexible repayment policy are a few hallmarks of Flexsalary. The company has no fixed EMIs and provides instant approval, making it function as an advance salary app.

4. MoneyView 

Co-founded by Sanjay Aggarwal and Puneet Agarwal in 2014, this company claims their app is the fastest & easiest way to get a personal loan online. Customers can apply for a loan, upload relevant documents through the app, and in a few hours, know whether they have been approved as well as how much they can borrow.

Approval limits range from Rs. 25,000 to Rs. 2 lakh, with repayment tenures of 3 to 12 months. Active loans can be tracked through the app, which provides an option for automatic EMI payments if users maintain sufficient balance.

5. CrediFiable

Based in Bengaluru, the company aims to “democratising access to better credit for all salaried professionals via better terms and simpler and online personal loan process.” To borrow from CrediFiable, one must be an Indian resident; be salaried and have a gross annual income of more than Rs 3,00,00 per annum; have a valid PAN Card; have a valid Bank account in India and have a College / University degree. A borrower needs to upload 3 months’ salary slips and if the application is approved, documents including PAN card, ID proof, current proof of residence, IT returns for last 3 years, salary slips, letter from the company HR etc need to be uploaded. The company provides a salary advance loans as well as personal loans. The tenures range from 3 to 6 months and CrediFiable charges interest starting from 10.99%.

6. PayMeIndia

Promising a unique solution to short term credit requirements, this company provides two main types of services: advance salary and loan advisory. The advance salary service is aimed primarily at salaried professionals to meet their short term financial needs. The loan advisory service works with customers to help tide over debts that customers might be paying higher interest for, thereby improving a customer’s credit scores.

7. Credy Technologies

Credy provides personal loans on personalised terms. With no hidden costs, no requirement of a collateral or a guarantor, fast online processing, and acceptance of a low CIBIL score, Credy is simple, fast and low-cost. The company provides loan durations ranging from 3 to 12 months for amounts between Rs 10,000 to Rs 1 lakh. The rates of interest start at 12%, annualised. A person can utilise Credy for quick cash loans, enhancing lifestyle, refinancing loans and credit card bills, and for financing education- either for self or children.

8. Money In Minutes

Owned by Tushar Leasing and Investment Private Limited, is a lending platform. It is suitable for salaried individuals, drawing a minimum monthly salary of Rs. 15,000, with the salary being credited to bank accounts electronically. The company has provision to lend between Rs. 5000 to Rs. 1 Lakh to its customers. The company charges between 0.1% to 0.7% interest, calculated on a daily basis on the loan amount. They do not have any part-prepayment or foreclosure charges. The loan period can range from 60 to 180 days. The company rewards loyal customers through cashback, interest discounts and increase in loan tenure for the loan. These add-on features are given to clients who meet certain conditions. This is one of the Android apps for quick cash loans payment that is available on the Google Play Store.

9. CASHe

CASHe is an app-based digital lending platform that provides short-term personal loans for various financial needs, but only to salaried individuals. Users need to provide documents such as salary slips, bank statements, address proof and PAN card, which can all be uploaded through the app while applying for a loan.

Customers can also check loan eligibility and interest rates online, using a quick calculator. The approved loan amount can range from Rs. 10,000 to Rs. 2 lakh, with tenures ranging from 15 days to 6 months. Repayments can be made through a bank transfer or cheque deposit every month.

10. PaySense

Founded by SayaliKaranjkar and Prashanth Ranganathan, PaySense is another company that offers quick cash loans online, through their website as well as an app. Applicants can use a phone or laptop to check their eligibility, submit their KYC details and apply for a loan, receiving approval within 5 hours.

The company provides personal loans of up to Rs. 2 lakh and loan seekers can use anywhere from Rs. 5,000 up to their entire approved limit at one time. PaySense also offers an EMI calculator through which users can check how much they will be paying every month.

With so many options available for a quick cash loan, it is not difficult for an individual to seek an urgent cash loan today. An online search and a quick comparison between the various apps for quick cash loans online throws up a multitude of options ranging from payday loan in India, instant loan in India, to salary advance loan in India. The times really are changing and apps for quick cash loans payment are ensuring that fast and easy cash loans in India are a reality.


India’s first app-based credit line, MoneyTap is a Bangalore based business that lends money with flexible interest rates, making credit quick and easy.

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