22 Best Instant Personal Loan Apps in India that gives Instant Cash Loan – July 2021
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Topic
- Around India with MoneyTap 40
- Consumer Durable 3
- Credit Cards 36
- Credit Score 27
- Finance 10
- General 62
- Know MoneyTap Better 38
- MoneyTap 58
- MoneyTap in Daily Life 94
- Personal Loan 86
- Shopping on EMI 6
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.
List of the best instant personal loan apps in India:
| App | Interest Rate (per month) | Minimum & Maximum Loan Amount | App Rating (Out of 5) | Download App |
|---|---|---|---|---|
MoneyTap |
1.08-2.03% | ₹ 3,000 – ₹ 5 Lakh | 4.3 | Apply on Website |
PaySense |
1.08 – 2.33% | ₹ 5,000 – ₹ 5 Lakh | 4 | Download App |
Dhani |
1 – 3.17 % | ₹ 1,000 – ₹ 15 Lakh | 3.9 | Download App |
IndiaLends |
0.9 – 3 % | ₹ 15,000 – ₹ 50 Lakh | 4.5 | Download App |
KreditBee |
2 – 3% | ₹ 1,000 – ₹ 1 Lakh | 4.5 | Download App |
NIRA |
1.5 – 2.5% | ₹ 3,000 – ₹ 1 Lakh | 4.1 | Download App |
CashE |
Starts from 1.75% | ₹ 5,000 – ₹ 2 Lakh | 4.2 | Download App |
Capital First Limited |
1.16 – 1.33% | ₹ 1 Lakh – ₹ 25 Lakh | 4.4 | Download App |
Credy |
1 – 1.5% | ₹ 10,000 – ₹ 1 Lakh | 4.1 | Download App |
Money View |
1.33 – 2% | ₹ 10,000 – ₹ 5 Lakh | 4.3 | Download App |
Early Salary |
2 – 2.5% | ₹ 3,000 – ₹ 2 Lakh | 4.2 | Download App |
SmartCoin |
2.5 – 3% | ₹ 1,000 – ₹ 25,000 | 4 | Download App |
Home Credit |
2.4 – 3.3% | ₹ 10,000 – ₹ 2 Lakh | 4.2 | Download App |
LazyPay |
1.25 – 2.6% | ₹ 10,000 – ₹ 1 Lakh | 4.2 | Download App |
AnyTime Loans |
1.5 – 4.5% | ₹ 1,000 – ₹ 10 Lakh | 3 | Download App |
mPokket |
Starts from 3.5% | ₹ 500 – No Max. limit | 4.5 | Download App |
Flexsalary |
Up to 3% per month | ₹ 4,000 – ₹ 2 Lakh | 4.1 | Download App |
Bajaj Finserv |
Starts from 12.99% | Up to ₹ 25 Lakh | 3.9 | Download App |
Rupeelend |
3 – 30% | ₹ 10,000 to ₹ 1,00,000 | 3 | Download App |
PayMeIndia |
2 – 6% | ₹ 1,000 to ₹ 1,00,000 | 4 | Download App |
LoanTap |
1.5 – 3% | ₹ 50,000 to ₹ 10,00,000 | 3.2 | Download App |
StashFin |
1 – 5% | ₹ 500 – ₹ 5,00,000 | 3.4 | Download App |
When you are in urgent need of a quick cash loan, there are very few options available. One is to seek a personal loan from traditional banks, which can be a time-consuming process requiring a lot of paperwork and multiple document submissions.
Try These Best Loan 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 an instant money app that offers instant cash loans online. You can use a phone or laptop to check your loan eligibility, submit your KYC details and apply for a loan, receiving approval within 5 hours. The company provides personal loans online of up to ₹ 5 Lakh and you can use anywhere from ₹ 5,000 up to your entire approved limit at one time. PaySense also offers an EMI calculator through which you can check how much you 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 one of the cash loan apps in India 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 ₹ 3,000 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. You need to provide documents such as salary slips, bank statements, address proof, and PAN card, which can all be uploaded through the cash loan app while applying for a loan. you can also check loan eligibility and interest rates online, using a quick calculator. The approved loan amount can range from ₹ 5,000 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 is one of the quick loan giving apps 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 15 months for amounts between ₹ 10,000 to ₹ 1 Lakh. The rates of interest start at 12%, annualised. You can utiliseCredy 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 you want 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 5 years.11. Early Salary
EarlySalary, a FinTech startup in Pune has been creating ripples in the way money lending happens in India. Its 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 its mini loan app to get loans from ₹ 1,000 to ₹ 25,000. 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. Its 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 (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 its product to take on personal loans. Thus, its features are in sharp contrast to those of personal loans. One-time application, one-time approval, instant disbursals, the option to access the 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.18. Bajaj Finserv
Bajaj Finserv offers personal loans that are instantly approved and disbursed within just 24 hours. These collateral-free loans are offered to women, government and public sector unit (PSU) employees, schoolteachers, college professors and more. The personal loans are offered with a feature to reduce your instalment by up to 45% by paying interest-only EMIs. Once approved, you borrow as much as you need from your approved loan amount without the hassle of reapplying for the loan.19. Rupeelend
Rupeelend, launched in 2015 is a digital finance company that offers short-term credit to individuals and businesses. Currently, it operates in Bangalore, Mumbai and NCR. The personal loan online application process takes just 3 minutes with a promise of quick loan decisions. Rupeelend is a secure and trustworthy personal loan app for short term emergencies.20. PayMeIndia
PayMeIndia is an innovative FinTech app that offers instant payday loans, advance salary loans,short term cash loans to salaried employees at attractive interest rates. These cash loans are designed to cater all your short-term financial needs that include a medical emergency, purchasing a big-ticket item, financing a wedding, and many more. The traditional and modern lending techniques are blended with technology to make the loan application process quick and simple. The cash loans are offered with convenient and flexible repayment plans.21. LoanTap
LoanTap is an online platform that delivers instant, flexible loans on attractive loan terms to salaried professionals and businessmen. This fintech lending platform is committed to deliver customised loan products to millennials in an otherwise cluttered and dull personal loan segment. LoanTap offers a variety of innovative products such as personal loans, personal overdraft, EMI free loans, credit card takeover loans, rental security deposit loans, advance salary loans, and house owner loans.22. StashFin
StashFin is one of the best online loan apps in India. The startup was founded by a team of experienced financial services professionals with an aim to make lending easier for people in India. The team has worked with various disciplines that include customer experience, technology and process re-engineering and through its collective experience, StashFin aims to deliver best in class services and superior convenience to its customers. Apply for an instant loan through its online loan app in India. Your request is approved and the money is transferred in almost no time.
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 cash 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 the best loan app in India. Download MoneyTap!
Personal Loan Resources & Articles
- Advance Salary Loan
- Personal Loan Without Documents
- Personal Loans with a Low Salary
- Personal Loan on Credit Card
- Personal Loan Interest Rates
- Personal Loan for Businessman
- Personal Loan for Government Employees
- Personal Loan for Salaried Employees
- Personal Loan Part Pre-Payment and Full Pre-Payment
- Personal Loan Eligibility Criteria and Documentation Requirements
Shiv Nanda
Oct 16
Oct 16
Shiv Nanda is a financial analyst at MoneyTap who loves to write on various financial topics online. He also advises people on financial planning, investment choices and budgeting skills, and helps them make their financial lives better.
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Topic
- Around India with MoneyTap 40
- Consumer Durable 3
- Credit Cards 36
- Credit Score 27
- Finance 10
- General 62
- Know MoneyTap Better 38
- MoneyTap 58
- MoneyTap in Daily Life 94
- Personal Loan 86
- Shopping on EMI 6
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anil says:
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rajendra says:
your app have errore. i have send screen shot also on mail. not yet any solution .
saranya says:
Hi Rajendra,
We would request you to login with the latest version phone. Please let us know if still the issue persists, we are happy to assist you.
Thanks
rajesh says:
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Bass says:
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Priyanka Ghose says:
Customer care number for Money Tap
saranya says:
Hi Priyanka,
We currently provide Support only through emails. Please don’t worry. We assure you that we will do our best to help you out with any questions or concerns. So feel free to write to us at hello@moneytap.com. Thank you!
Kabir says:
Very nice and informative article about online loans. Thanks for your sharing.
Blessing Onaiwu says:
Am instrested in a loan
saranya says:
Hi,
Thank you for showing interest in MoneyTap.
MoneyTap is a Credit Line (combination of personal loan & credit card) app, which is available on Google Play Store. You can download the app and finish the application process on your phone in just 4 minutes.
Please be ready with your PAN number, ID proof, and address proof. While applying, you will be requested to take a selfie (to be pasted on the application form) and pictures of your ID proof and address proof. Please ensure to take the pictures as per the guidelines mentioned.
Once you are done with e-KYC, you will get a simple verification call from us, and we will fix an appointment at your convenient time to get your signature on the application form. The entire process to get a credit line set up takes about 2-3 working days.
Here is the best part about MoneyTap – UNLIKE ANY OTHER LOAN PRODUCT IN THE MARKET, the interest will only be charged on the amount used, not on the whole approved amount.
Example: if you get approved for 50k, and you transfer only 15k then the interest will only be charged on 15k, which can be converted into flexible EMIs. Each time you pay back, your limit will be topped up again by the same amount (minus the interest).
Please use this link to download: http://m.onelink.me/f8483b7b
We look forward to welcoming you to the MoneyTap family.
Purlemba says:
Hello sir,I’m from dimapur nagaland, is it safe to apply personal loan online because all documents have to produce like salary account details. Please advice trusted websites.
Winfred Mwongeli says:
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