17 Best Personal Loan Apps in India for an Instant Cash Loan | MoneyTap
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17 Best Personal Loan Apps in India for an Instant Cash Loan

Traditional banks take a long time to process personal loan applications, and money lenders are known to charge high-interest rates making the process very dubious.

In this whole financial setup, personal loan apps have emerged as an excellent idea to provide safe and hassle-free personal loans in India within 1-hour.

List of the best instant personal loan apps in India:

App Interest Rate
(per month)
Minimum & Maximum Loan Amount Loan Tenure Download App
MoneyTap

MoneyTap

1.08-2.03% ₹ 3,000 – ₹ 5 Lakh 2 months to 3 years

Download App

Paysense

PaySense

1.4-2.33% ₹ 5,000 – ₹ 2 Lakh 3 months to 2 years Download App
Indiabulls Dhani

Dhani

1-3% ₹ 1,000 to ₹ 15 Lakh 3 months to 2 years Download App
IndiaLends

IndiaLends

Starts from 0.91% Up to ₹ 50 Lakh 1 to 5 years Download App
Kreditbee

KreditBee

1.48-3% ₹ 1,000 – ₹ 1 Lakh 15 days to 3 months Download App
IndiaLends

NIRA

1.5-2.5% ₹ 10,000 – ₹ 1 Lakh 3 months to 1 year Download App
Cash

CashE

Starts from 1.25% ₹ 10,000 – ₹ 2 Lakh 15 days to 6 months Download App
Cash

Capital First Limited

1.16-1.33% ₹ 50,000 – ₹ 25 Lakh 6 months to 5 years Download App
Cred

Credy

1-1.5% up to ₹ 1 Lakh 3 to 12 months Download App
Money View

Money View

Starts from 1.33% ₹ 25,000 – ₹ 2 Lakh Up to I year Download App
Early Salary

Early Salary

2-2.5% up to Rs. 2 lakh 2 months to 2 years Download App
SC

SmartCoin

2-3% ₹ 1,000 – ₹ 50,000 Up to 4 months Download App
SC

Home Credit

3-3.51% Up to ₹ 2 Lakh 9 months to 4 years Download App
SC

LazyPay

1.25-2.33% ₹ 10,000 – ₹ 1 Lakh 3 months to 2 years Download App
Any time loan

AnyTime Loans

Starts from 3.04% ₹ 1,000 – ₹ 10 Lakh 1 day to 3 years Download App
Any time loan

mPokket

Starts from 3.5% ₹ 500 – No Max. limit 1 month to 3 months Download App
Flex Salary

Flexsalary

NA up to ₹ 2 Lakh NA Download App

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.

Try These Apps to Get an Instant Cash Loan in India:

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. PaySense

Founded by SayaliKaranjkar and Prashanth Ranganathan, PaySense is another company that offers instant 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 online 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.

3. 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 Lakh 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.

4. IndiaLends

IndiaLends is a digital lending and borrowing marketplace for instant personal loans, credit cards, and free credit reports.IndiaLends offers instant personal loans online with the best interest rate and disburses the loan within 48-hours.

IndiaLends’ instant loan app in India extensively makes use of data and technology to improve workflows and risk assessments so that the loan disbursal process is efficient, shorter and easier.

5. 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.

6. NIRA

NIRA is a FinTech company that offers a line of credit to salaried professionals in India. The personal loan offered to you is in the form of a line of credit, which has a credit limit range starting from ₹ 10,000 to ₹ 1 Lakh.

The loan tenure ranges from 3 months to 1 year. You can withdraw a minimum of ₹ 5,000 each time. The interest applied to the loan amount depends on how much you borrow and when you repay the borrowed amount.

7. 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.

8. Capital First Limited

Capital First’s instant loan app in India is a one-stop solution for most of your financing needs. Your online loan application is sanctioned within 2 minutes. The company provides flexible repayment tenure of 1 to 5 years for a loan amount ranging from ₹ 1 Lakh to ₹ 25 Lakh.

If you are an existing customer, you can easily access your loan account details, statement details and raise service requests. You can also check your outstanding balance and your payment dates.

9. 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.

10. Money View

With Money View personal loan app, you can get a personal loan in just 2 hours. Whether youwant to remodel your home, buy an expensive ride or cover your wedding expenses, a personal loan from Money View is completely paperless, fast, easy and flexible.

Money View loan amount ranges from ₹ 10,000 to ₹ 5 Lakh. The repayment period is flexible and ranges from 3 months to 3 years.

11. 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.

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. Home Credit


Home Credit India is a part of the international Home Credit Group that has a presence across ten countries in Europe and Asia. The India chapter started in 2012 and it already has operations in over 60 cities across 15 states.

The personal loan app sanctions personal loan of up to ₹2 Lakh with a repayment tenure ranging from 9 months to 4 years. The instant loan app in India makes financial services simple, transparent and easily accessible to you.

14. LazyPay

LazyPay is powered by PayU. You just need to enter your mobile number to find out your personal loan eligibility. With quick approvals and safe online loan application processing, LazyPay disburses 1 million+ loans every month.

Their key offerings include pocket-friendly EMIs, an instant personal of up to ₹ 1 Lakh through an easy digital process with minimal documentation.

15. 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 in India, K12 education loans, business loans, etc., in a minute with no physical documents, collateral or guarantor.

16. mPokket

mPokketis an instant loan app in India for college students. It works on the concept of pocket money for students.

Once your personal loan application is approved the personal loan amount is sent to your bank account or your Paytm wallet.

The initial amount approved is ₹ 500 and your borrowing limit will increase over time with good usage. You can repay your loan within 1 to 3 months.

17. 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.

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!

Getting a personal loan was never this easy and instant personal loan app download makes it easier. Get your loan app today. Download MoneyTap!


MoneyTap

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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