17 Best Personal Loan Apps in India for Quick & Instant Cash | MoneyTap
MoneyTap Blog

17 of the best Indian quick cash loan apps


There are times when you might need an instant loan. Asking friends is an option, but if the amount is large, banks or money lenders are often the most viable option. Using personal loan apps is an excellent idea as it is fast and hassle-free.

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 with the rise of FinTech, and today there are many easy loan apps in India that give instant and quick cash loans.

List of the best instant personal loan apps in India:

App App Downloads
(Google Play Store)
Interest Rate

(per month)

& Maximum

Loan Amount


1,000,000+ 1.08-2.03% Download App Rs.3,000 – Rs.5 Lakh.


10,000+ 3.04-30.4% Download App ₹10,000
up to ₹ 1 Lakh


50,000+ NA Download App loan up to ₹ 2 Lakh

Money View

1,000,000+ 1.33% to max interest NA Download App ₹25,000
up to ₹ 2 Lakh


1,000+ 0.91% to max interest NA Download App ₹1 Lakh
up to ₹ 5 Lakh


1,000+ 2-6% Download App ₹1,000
up to ₹ 1 Lakh


10,000+ 1-1.5% Download App up to ₹ 1 Lakh

Money in minutes

100,000+ 3.04-7.6% Download App ₹5,000
up to ₹ 1 Lakh


1,000,000+ 1.5-3% Download App up to ₹ 50,000


1,000,000+ 1.4-2.33% Download App up to ₹ 2 Lakh


2,500,000+ 1.5-2.6% Download App Rs.15,000 – Rs.50,000.


500,000+ 2-3% Download App Rs.1000 to Rs.50,000

AnyTime Loans

100,000+ 3.04-max interest NA Download App


50,000+ 0.89-2.91% Download App up to 3Lakh


1,000,000+ 1.48-3% Download App Rs.1000 to 1 Lakh


5,000,000+ 1-3% Download App ₹ 1,000 to ₹ 15 Lakh

Early Salary

1,000,000+ 2-2.5% Download App up to Rs. 2 lakh

Data Source: Google Play Store and respective apps’ websites.

The internet has revolutionised the way India works. Today you can purchase anything from vegetables to a Smart TV and more, sitting in the comfort of your home. The situation is no different if you need fast and easy instant personal loans in India, especially when you use these money lending apps.

You can 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.

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 a lot 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.

Need Money Urgently? Try These Best Personal Loan Apps in India for Fast Cash Loans

1. MoneyTap

MoneyTap is India’s first app-based credit line. The best part is its no-usage-no-interest feature, which has made taking credit more affordable. Thanks to this feature, you only pay interest on the amount used. It is a personal loan app that provides a line of credit to customers, which works as an instant 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 30+ cities in India.

Let’s take a look at a hypothetical example to understand how MoneyTap’s Personal Loan 2.0 works: 
Arjun has been approved for a credit line of ₹ 1 Lakh with MoneyTap but he uses only ₹ 50,000 out of it. If he had taken a traditional personal loan he would have been charged interest on the entire ₹ 1 Lakh from day 1. But, with MoneyTap, he will only be charged interest on the amount he uses (₹ 50,000).

With MoneyTap:
Amount to be paid after 1 year, assuming 13% interest rate, loan amount = ₹ 100,000, used only = ₹ 50,000:
50,000 X 13 = 56,500
Arjun will end up paying ₹ 56,500 by end of the year.

With a traditional personal loan:
Amount to be paid after 1 year, assuming 13% interest rate, loan amount = ₹ 100,000: 100,000 X 13 = 113,000
Arjun will end up paying ₹ 113,000 by end of the year.

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 ₹ 1,00,000 at one time so that customers can repay without difficulty. The minimum is ₹ 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 which is a plus. 

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, 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 loan app.

4. MoneyView 

Co-founded by Sanjay Aggarwal and Puneet Agarwal in 2014. Customers can apply for a loan and 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 ₹ 25,000 to ₹ 2 lakh, with repayment tenures of 3 to 12 months. Active loans can be tracked through their money loan 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 a simpler online personal loan process.”

To borrow from CrediFiable using their loan app, you must be an Indian resident; be salaried and have a gross annual income of more than ₹ 3,00,00 per annum; have a valid PAN Card; have a valid Bank account in India and have a College / University degree.

As a borrower, you will need to upload three months’ salary slips, and if the application is approved, documents including PAN card, ID proof, current proof of residence, IT returns for last three years, letter from the company HR, etc. need to be uploaded.

The company provides 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 has a quick loan app in India that provides personal loans on personalised terms. With no hidden costs, no requirement of 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 ₹ 10,000 to ₹ 1 lakh. The rates of interest start at 12%, annualised. You can utilise Credy for quick cash loans, enhancing lifestyle, refinancing loans and credit card bills, and for financing education- either for yourself or your children.

8. Money In Minutes

Owned by Tushar Leasing and Investment Private Limited, Moneyinminutes.in is a lending platform that has an app. It is suitable for salaried individuals, drawing a minimum monthly salary of ₹ 15,000, with the salary being credited to bank accounts electronically.

The company lends between ₹ 5000 to ₹ 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 an 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 loan 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 their cash loan 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 ₹ 10,000 to ₹ 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 Sayali Karanjkar and Prashanth Ranganathan, PaySense is another company that offers quick cash loans online, through their website as well as a loan app in India. 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 ₹ 2 lakh and loan seekers can use anywhere from ₹ 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.

11. Upwards

Upwards offers quick and easy personal loans up to ₹ 50,000 to salaried individuals within 24 hours. You do not need to have a credit history, but you need to be earning at least have a minimum monthly income of ₹ 15,000.

Upwards uses an innovative, easy to use personal loan app to process the loan application. It claims to deliver an amazing lending experience to its customers.

12. SmartCoin

SmartCoin is a FinTech company with a mission to offer its customers a user-friendly and scalable lending platform. It is a personal loan app in India that provides instant loan for individuals looking for short term personal loans. Use their mini loan app to get loans from ₹ 1,000 to ₹ 50,000.

The company caters to all profiles like support executives, business owners, salaried professionals, managers, stay-at-home moms, teachers and more with no minimum limit on the salaries, unlike other personal loan apps.

13. AnyTime Loans

AnyTimeLoan.in (ATL) offers on-demand, instant, 24×7 loans to salaried individuals and self-employed professionals. The loan process through its personal loan app is 100% paperless, contactless and frictionless.

ATL offers unsecured personal loans, K12 education loans, business loans, etc., in a minute with no physical documents, collateral or guarantor.

14. StashFin

StashFin, a digital lending venture boasts of a team of former financial services professionals who have been in the banking and financial services space for more than 40 years. The team is leveraging its collective experience to deliver best in class services and great convenience to its customers.

15. KreditBee

KreditBee is an instant personal loan app for young professionals. You can get a loan of up to ₹ 1 Lakh. The loan process is 100% online. The disbursement is done within 15 mins, and the amount is directly credited to your bank account.

16. Dhani

Dhani popularly marketed as phone se loan app, instantly disburses the loan amount to your bank account. You can apply for a personal loan anytime, anywhere. You can get a loan of up to ₹ 15 Lakhs instantly at an interest rate starting at 12%.

You can download the Dhani loan app for free, enter your Adhaar card number, your loan amount, and get the loan amount in your account instantly.

17. Early Salary

EarlySalary.com, a FinTech start-up in Pune has been creating ripples in the way money lending happens in India. Their personal loan app allows an easy and fast way to get instant loans. The loan amount limit is up to ₹ 2 lakh at an interest rate starting from 2% per month.

With so many personal loan apps in the market, the options available for quick cash loans have increased making it easier for you to seek an urgent cash loan quickly. An online search and a quick comparison between the various loan apps in India for quick cash loans online bring 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 personal loan apps 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.

Add comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.