31 Best Instant Personal Loan Apps in India

Ever found yourself in a pinch, needing quick cash for an unexpected expense? Personal loans can be a lifesaver in such situations. In India, personal loans have become increasingly popular, offering a convenient way to access funds for various needs, from medical emergencies to home renovations.

Traditional personal loan applications often involved lengthy paperwork and multiple visits to banks. However, the rise of technology has brought about a revolution in the lending industry. Instant personal loan apps have emerged as a game-changer, offering a hassle-free and speedy way to secure loans. These apps leverage advanced algorithms and digital verification processes to streamline the application process, providing quick approvals and disbursals.

31 Best Instant Personal Loan Apps in India

Loan App	Interest Rate	Loan Amount	Repayment Tenure	Play Store	Apple Store
	1.33% p.m. onwards	Upto 5 Lakh	3 – 24 Months	4.4	4.7
	10% p.a. onwards	Upto 10 Lakh	6- 18 Months	4.8	–
	1.08% p.m. onwards	Upto 5 Lakh	2-36 Months	4	4.3
	17% p.a. onwards	Upto 5 Lakh	3 to 36 Months	4.1	4.4
	1.4% p.a. onwards	Upto 5 Lakh	3- 60 Months	3.4	–
	2.50 % p.m.	Upto 4 lakh	3-18 Months	2.8	4.2
	24% p.a. owwards	Upto 1 lakh	Upto 3 Months	4.2	–
	9.9% p.a onwards	Upto 20 lakh	Upto 48 Months	4.3	4
	16% p.a. onwards	Upto 5 Lakh	3 – 36 months	4.5	4.5
	24% p.a. onwards	Upto 10 lakh	6 – 60 months	3.6	4.2
	2% p.m. onwards	Upto 1 lakh	Upto 3 Months	4.4	–
	11% p.a. onwards	Upto 40 lakh	12 to 96 Months	4.8	4.5
	10.99% p.a. onwards	Upto 10 lakh	2-60 Months	4.8	4.8
	14% p.a. onwards	Upto 5 lakh	3-36 months	4.5	3.4
	2.4% p.m. onwards	Upto 1 lakh	3-18 months	4.1	–
	1.6% p.m. onwards	Upto 5 lakh	6 – 51 month	4.5	4.8
	18% p.a. onwards	Upto 5 lakh	2-24 months	4.6	–
	18% – 54% p.a.	Upto 3 lakh	Upto 36 months	3.3	4.2
	1.5% p.m. onwards	Upto 5 lakh	3-24 Months	4.8	2.5
	11.99% p.a. onwards	Upto 5 lakh	3-36 Months	4	4
	1% p.m. onwards	Upto 5 lakh	6-48 months	3.8	4.2
	10.25% p.a. onwards	Upto 70 lakh	6-60 months	4.1	4.5
	11.99% p.a. onwards	Upto 15 lakh	6-60 months	4.5	4.8
	9% onwards	Upto 5 lakh	3-36 months	3.2	–
	30% p.a onwards	Upto 1,49,000	Upto 12 months	4.6	–
	13% p.a. onwards	Upto 30 lakh	12- 60 Months	3.4	–
	18% p.a. onwards	Upto 5 lakh	3-24 months	4.3	4.8
	1.58% p.m. onwards	Upto 5 lakh	12-36 months	4	2.7
	14% to 36% p.a. onwards	Upto 5 lakh	upto 36 months	4.5	–
	2% p.m. onwards	Upto 10,000	Up to 120 days	4.2	4
	6% to 26%	Upto 5 lakh	3-48 Months	3.3	4.1

1. Jupiter

Jupiter is a digital banking app that offers personal loans and other financial services to make money management simple and convenient. It provides instant loans with flexible repayment options, designed to meet short-term financial needs quickly and efficiently.

Features

• Instant Personal Loans: Get loans up to Rs. 5 Lakhs with a repayment term of 3 to 24 months.
• Track Your Finances: Manage your spending categories, set budgets, and gain insights into your financial health.
• Invest & Grow Your Money: Invest in Mutual Funds, buy Digital Gold, and avail of high-interest Fixed Deposits.
• 24/7 Support: Get help with any questions through their chat support.

Eligibility Criteria and Fees

• Eligibility for personal loans depends on various factors but typically requires a decent credit score and stable income.
• Interest rates on personal loans start from 1.33% p.m. There might be additional processing fees associated with the loan.

Other Services

• Jupiter offers a 3-in-1 switch credit card with 2% cashback on spends across categories.
• You can track your credit card and UPI spends within the app.
• Pay bills, manage multiple bank accounts, and set up automatic bill payments.

2. Moneyview

Moneyview is an app that provides personal loans with quick approval and easy documentation. Known for its fast processing and minimal paperwork, Moneyview helps users track their expenses and offers flexible loan repayment terms tailored to individual needs.

Features

• Interest Rates: Starting from 1.33% per month (15.96% p.a.), Moneyview offers competitive interest rates on its personal loans.
• Loan Amounts: You can borrow up to Rs. 10 lakhs through Moneyview, providing flexibility for various financial needs.
• Repayment Tenure: Moneyview offers flexible repayment terms ranging from 3 months to 5 years, allowing you to choose a tenure that suits your budget.

Eligibility Criteria and Fees

To be eligible for a Moneyview personal loan, you generally need to be:

• Between the ages of 21 and 57
• A salaried or self-employed individual
• Earning a minimum monthly income of Rs. 13,500 (salaried) or Rs. 15,000 (self-employed)
• Having a credit score of 650 or above

Moneyview typically charges processing fees and other applicable charges, which may vary depending on the loan amount and tenure. It’s important to review the specific fees and charges before applying.

Other Services

Beyond personal loans, Moneyview also offers additional financial services, including:

• Credit Score Monitoring: Track your credit score and get tips on improving it.
• Financial Planning: Access personalised financial planning advice and tools.
• Bill Payments: Pay your utility bills and other expenses directly through the app.

3. MoneyTap

MoneyTap is a personal loan app that provides a credit line, allowing users to borrow money as needed, up to a pre-approved limit. It offers a revolving line of credit, where users only pay interest on the amount they use, making it a flexible borrowing option.

Features

• Interest Rate: The interest rate on MoneyTap personal loans can vary depending on individual creditworthiness and market conditions. However, you can expect rates to range from around 1.08% to 2.45% per month.
• Loan Amount: MoneyTap offers credit lines up to Rs. 5 lakhs, allowing you to borrow as much as you need within your approved limit.
• Repayment Tenure: You can choose a repayment tenure that suits your financial situation, typically ranging from 3 to 36 months.

Eligibility Criteria and Fees

• Eligibility: To be eligible for a MoneyTap loan, you generally need to be an Indian citizen between the ages of 21 and 55, with a regular income and a good credit score.
• Fees: MoneyTap charges a one-time processing fee on the approved loan amount. The exact fee may vary.

Other Services & Features

• Instant Disbursal: Funds are typically disbursed within minutes of approval.
• Flexible Repayments: You can choose to repay your loan in full or in installments.
• Easy Application Process: The entire application process can be completed online in a few simple steps.

4. KreditBee

KreditBee is a popular online lending platform in India, offering instant personal loans for various needs. With a user-friendly app and minimal documentation, it’s a convenient option for those seeking quick financial assistance.

Features of Personal Loan

• Loan Amount: KreditBee offers personal loans ranging from Rs. 10,000 to Rs. 5 Lakhs.
• Interest Rate: The interest rate for KreditBee personal loans typically ranges from 17% to 29.95% per annum. However, the exact rate may vary depending on individual creditworthiness and other factors.
• Repayment Tenure: You can choose a repayment tenure between 3 to 36 months to suit your financial capabilities.

Eligibility Criteria and Fees

To be eligible for a KreditBee personal loan, you generally need to be an Indian citizen aged between 21 and 55, with a minimum monthly income of Rs. 10,000. The specific eligibility criteria may vary slightly. Additionally, KreditBee may charge processing fees and other applicable charges.

Other Services/Features

Apart from personal loans, KreditBee also offers other financial services and features, such as:

• Salary Advance: Access a portion of your upcoming salary before payday.
• Bill Payments: Pay utility bills, credit card bills, and more directly through the app.
• Digital Gold: Invest in digital gold for a secure and affordable option.

5. PaySense

PaySense provides quick personal loans with flexible repayment options. With easy online documentation and fast approval, PaySense is designed for those who need funds for various personal reasons, from emergencies to planned expenses.

Features and Benefits

• Interest Rates: Interest rates for PaySense personal loans typically range from 16% to 36% per annum. However, the exact interest rate may vary based on factors like your credit score, income, and loan amount.
• Loan Amounts: Borrowers can avail personal loans ranging from Rs. 5,000 to Rs. 5,00,000 to meet their financial needs.
• Repayment Tenure: PaySense provides flexible repayment terms, allowing borrowers to choose a tenure that suits their budget. The repayment period typically ranges from 3 months to 60 months.

Eligibility Criteria and Fees

To be eligible for a PaySense personal loan, applicants generally need to be Indian citizens aged between 21 and 55, with a regular income source. Additional requirements may include a valid PAN card, Aadhaar card, and bank statements. PaySense typically charges processing fees and other applicable charges, which can vary depending on the loan amount and tenure.

Other Services

Beyond personal loans, PaySense also offers additional services and features. These may include credit score tracking, financial calculators, and personalised loan recommendations. The app’s user-friendly interface makes it easy to navigate and access these services.

6. CASHe

CASHe offers personal loans specifically targeted at salaried individuals. Known for its short-term loan products, the app provides quick access to funds with minimal paperwork, helping users meet immediate financial needs.

Features and Benefits

• Interest Rates: CASHe offers competitive interest rates starting from 2.25% to 2.5% per month. The exact rate will depend on various factors such as your credit score and loan amount.
• Loan Amounts: You can borrow anywhere from Rs. 1000 to Rs. 4 lakhs on the CASHe app. The loan amount is determined based on your creditworthiness and income.
• Repayment Tenure: The repayment tenure for CASHe loans typically ranges from 90 to 540 days. You can choose a repayment plan that suits your budget and financial situation.

Eligibility Criteria and Fees

To be eligible for a CASHe personal loan, you generally need to be an Indian citizen between the ages of 21 and 50. You’ll also need a valid Aadhaar card, PAN card, and bank account. CASHe typically charges processing fees, which can vary. It’s advisable to check the app for the exact fees and terms at the time of application.

Other Services and Features

In addition to personal loans, CASHe offers other financial services such as:

• Instant Cash Advances: You can get small amounts of cash instantly through the app.
• Credit Score Tracking: CASHe helps you monitor your credit score and improve it over time.
• Bill Payments: You can pay your utility bills and other expenses directly through the app.
• Loan Calculators: CASHe provides tools to help you calculate your loan eligibility and repayments.

7. Nira Finance

Nira Finance offers small personal loans with flexible repayment options, targeting both salaried and self-employed individuals. With quick approvals and no collateral required, Nira aims to provide easy access to credit for various financial requirements.

Features of NiraFinance Personal Loans

• Loan Amount: NiraFinance offers personal loans ranging from Rs. 5,000 to Rs. 1,00,000, catering to various financial needs.
• Interest Rates: Interest rates for NiraFinance personal loans typically range from 24% to 36% per annum (APR). However, the exact interest rate may vary based on individual creditworthiness and other factors.
• Repayment Tenure: NiraFinance provides flexible repayment terms, allowing borrowers to choose a tenure between 3 and 24 months to suit their repayment capabilities.

Eligibility Criteria and Fees

To be eligible for a NiraFinance personal loan, you generally need to be an Indian citizen aged between 22 and 59 years. A minimum monthly income of Rs. 15,000 is often required. Additionally, NiraFinance may conduct a credit check to assess your creditworthiness.

NiraFinance typically charges a processing fee, which can range from 2% to 7% of the loan amount. There may also be other fees or charges applicable, such as late payment penalties.

Other Services and Features

In addition to personal loans, NiraFinance may offer other financial services or features through its app. These could include credit score checks, financial calculators, or information on personal finance management. It’s recommended to explore the app to discover the full range of services available.

8. Navi

Navi is a financial services app offering personal loans with minimal documentation and fast approval. Known for its simple and straightforward process, Navi provides flexible repayment plans and aims to offer loans to a wide range of customers, including those with limited credit history.

Features

• Interest Rate: While interest rates can fluctuate, Navi typically offers competitive rates starting from 9.90% per annum.
• Loan Amount: You can borrow up to Rs. 20 lakhs with Navi’s personal loan.
• Repayment Tenure: Navi provides flexible repayment tenures, allowing you to choose a period that suits your budget. The maximum tenure is usually 48 months.

Eligibility Criteria and Fees

To be eligible for a Navi personal loan, you generally need to be a salaried individual with a minimum monthly income and a good credit score. The exact criteria may vary. There are no hidden charges associated with Navi’s personal loans.

Other Services

In addition to personal loans, Navi offers other financial services through its app, such as mutual funds, insurance, and wealth management. This makes it a one-stop shop for your financial needs.

9. Fibe

Fibe, previously known as EarlySalary, is a leading digital lending platform in India. They offer a range of financial products, including personal loans, salary advances, and credit cards. Their mission is to provide instant financial solutions to salaried individuals through a completely online and hassle-free process.

Personal Loan Features

• Loan Amount: Up to Rs. 5 lakhs
• Interest Rate: Starts from 16% per annum on a reducing balance basis (This rate can vary based on individual creditworthiness and other factors)
• Repayment Tenure: Flexible options ranging from 3 to 36 months

Eligibility Criteria and Fees

To be eligible for a Fibe personal loan, you must be an Indian resident aged between 21 and 55 years. You should also have a stable income and a good credit score. The exact eligibility criteria may vary based on individual circumstances.

Fibe charges a processing fee, which is typically a percentage of the loan amount. There might also be other charges, such as late payment fees or prepayment penalties. It’s essential to review the terms and conditions carefully before applying for a loan.

Other Services and Features

In addition to personal loans, Fibe offers a range of other financial services. These include:

• Salary Advances: Get instant access to a portion of your upcoming salary.
• Credit Cards: Enjoy the benefits of a Fibe credit card with competitive interest rates and rewards.
• Financial Management Tools: Track your expenses, manage your credit score, and receive personalised financial advice.

Fibe’s user-friendly app makes it easy to apply for loans, manage your finances, and stay updated on your loan status.

10. LoanTap

LoanTap is a personal loan provider that focuses on offering tailored loan solutions, including EMI-free loans and personal overdrafts. The app provides quick approvals and easy documentation, helping users access credit for various personal needs.

Features

• Interest Rate: LoanTap offers interest rates starting from 12% p.a., which can vary based on factors like credit score and loan amount.
• Loan Amount: You can borrow anywhere from Rs. 50,000 to Rs. 10,00,000 with LoanTap.
• Repayment Tenure: The repayment tenure for LoanTap loans ranges from 6 months to 60 months, allowing flexibility in managing your monthly installments.

Eligibility Criteria and Fees

To be eligible for a LoanTap personal loan, you generally need to be an Indian citizen aged between 23 and 55, with a minimum monthly income of Rs. 30,000. A good credit score is also essential for approval. LoanTap charges a processing fee of 2-3% + GST on the loan amount, along with other applicable fees like platform charges and late-payment charges.

Other Services

In addition to personal loans, LoanTap also offers other financial services like business loans. The app provides a convenient platform to manage your loans, track payments, and access customer support.

11. mPokket

mPokket is a loan app that offers small, instant personal loans to students and young professionals. Known for its fast disbursal and easy approval process, mPokket is popular among users who need quick financial assistance with minimal documentation.

Features

• Loan Amount: mPokket offers personal loans ranging from Rs. 1000 to Rs. 45,000.
• Interest Rates: The interest rate for mPokket loans can vary, but it typically ranges from 2% to 4% per month.
• Repayment Tenure: The repayment tenure for mPokket loans is usually between 60 and 90 days.

Eligibility Criteria and Fees

To be eligible for a mPokket loan, you generally need to be a salaried individual or a student in India. The specific eligibility criteria may vary based on factors like your age, income, and credit history. There are no hidden fees associated with mPokket loans, but you may be charged a processing fee or late payment charges if applicable.

Other Services

In addition to personal loans, mPokket also offers other financial services like bill payments, mobile recharge, and DTH recharge. These services can be accessed through the mPokket app.

12. Bajaj Finserv

Bajaj Finserv is a well-established financial services company in India, offering a wide range of products and services. Their personal loan app is designed to provide quick and hassle-free access to funds for various needs.

Features of Bajaj Finserv Personal Loan

• Interest Rates: While specific interest rates may vary based on individual eligibility, Bajaj Finserv generally offers competitive rates starting from around 11% per annum.
• Loan Amount: You can borrow up to Rs. 40 lakhs with Bajaj Finserv’s personal loan.
• Repayment Tenure: The repayment tenure for Bajaj Finserv personal loans typically ranges from 12 to 60 months, allowing you to choose a repayment schedule that suits your budget.

Eligibility Criteria and Fees

To be eligible for a Bajaj Finserv personal loan, you generally need to be an Indian citizen aged between 21 and 55 years. A minimum monthly income of Rs. 25,000 is often required. The exact eligibility criteria may vary based on factors such as your credit score, employment stability, and other financial parameters.

While Bajaj Finserv may charge processing fees for personal loans, the exact amount can vary. It’s advisable to check the specific terms and conditions of the loan offer for detailed information on fees and charges.

Other Services and Features

In addition to personal loans, the Bajaj Finserv app offers a range of other financial services, including:

• Credit Cards: Apply for Bajaj Finserv credit cards with various benefits and rewards.
• Insurance: Explore different insurance products, such as life insurance, health insurance, and home insurance.
• Investments: Invest in mutual funds, stocks, and other investment options.
• Bill Payments: Pay your utility bills, credit card bills, and other expenses conveniently through the app.

13. IDFC First Bank

IDFC First Bank is a leading private sector bank in India, offering a wide range of financial services. Their personal loan app, FIRSTmoney, is designed to provide quick and hassle-free access to funds.

Key Features of IDFC First Bank Personal Loan

• Interest Rate: While the exact interest rate can vary based on factors like your credit score and loan amount, IDFC First Bank typically offers competitive rates starting from around 10.99% per annum.
• Loan Amount: You can borrow up to Rs. 10 lakhs through the FIRSTmoney app.
• Repayment Tenure: The repayment tenure for IDFC First Bank personal loans can range from 12 months to 60 months, allowing you to choose a repayment plan that suits your financial situation.

Eligibility Criteria and Fees

To be eligible for an IDFC First Bank personal loan, you generally need to be an Indian citizen between the ages of 21 and 60. You should also have a stable income and a good credit history. The bank may also require certain documents, such as proof of income, address, and identity.

While the exact fees may vary, you can expect to pay a processing fee and other charges associated with the loan. It’s advisable to check the specific terms and conditions for the latest fee details.

Other Services Offered in the App

In addition to personal loans, the FIRSTmoney app offers several other convenient features, including:

• Bill Payments: Pay your utility bills, credit card bills, and more directly from the app.
• Money Transfers: Send money to friends, family, or other accounts instantly.
• Balance Checks: View your account balance and transaction history in real time.
• Fixed Deposits: Open and manage fixed deposits with ease.

14. ZestMoney

ZestMoney is a digital lending platform that offers personal loans and “buy now, pay later” options. It provides easy access to credit with no credit card required, making it popular among users who need to finance purchases with flexible repayment plans.

Personal Loan Features

• Interest Rates: ZestMoney offers competitive interest rates, starting from around 14% per annum. However, the exact interest rate may vary depending on factors such as the borrower’s creditworthiness and the loan amount.
• Loan Amount: The loan amount offered by ZestMoney ranges from Rs. 5,000 to Rs. 5 lakhs. This flexibility allows borrowers to access funds for various needs, from small expenses to larger purchases.
• Repayment Tenure: ZestMoney offers flexible repayment tenures, ranging from 3 to 36 months. Borrowers can choose a tenure that best suits their repayment capacity and financial goals.

Eligibility Criteria and Fees

To be eligible for a ZestMoney personal loan, you generally need to be an Indian citizen aged 18 or above. Other requirements may include a minimum monthly income, a valid ID proof, and a good credit score. ZestMoney may also require additional documents for verification purposes.

Regarding fees, ZestMoney usually charges a processing fee for personal loans. However, the exact amount of the fee may vary and can be found on their website or app. There might also be other charges, such as prepayment fees or late payment penalties, depending on the terms and conditions of your loan.

Other Services and Features

Besides personal loans, ZestMoney offers several other features and services, including:

• Pay Later: ZestMoney’s Pay Later feature allows you to shop online and pay for your purchases in installments.
• ZestMoney Score: This feature provides you with a credit score, helping you understand your financial health and make informed decisions.

15. True Balance

True Balance is a digital loan platform that offers small-ticket personal loans with quick disbursals. Designed to cater to users who need instant credit, the app provides flexible loan options with easy repayment terms.

Personal Loan Features

• Interest Rate: While the exact interest rate can vary based on individual factors, True Balance offers competitive rates starting from 2.4% per month.
• Loan Amount: You can borrow anywhere from Rs. 10,000 to Rs. 1,00,000 to meet your financial needs.
• Repayment Tenure: The repayment tenure for True Balance personal loans ranges from 3 to 18 months.

Eligibility Criteria and Fees

To be eligible for a True Balance personal loan, you generally need to be an Indian citizen aged between 21 and 55. A good credit score is also a significant factor. While True Balance doesn’t charge any prepayment or foreclosure fees, there might be a processing fee, which typically ranges from 0% to 15% of the loan amount.

Other Services and Features

Besides personal loans, True Balance offers a range of other financial services, including:

• Mobile recharge and bill payments: Pay your utility bills and recharge your mobile with ease.
• UPI payments: Send and receive money instantly using UPI.
• Wallet: Store and manage your money securely within the True Balance wallet.

16. Home Credit

Home Credit offers personal loans with simple documentation and quick approval. The company is known for providing credit solutions to customers with limited credit history, offering loans that can be repaid over flexible tenures.

Personal Loan Features

• Interest Rates: Interest rates for Home Credit personal loans typically start from around 1.6% per month, but can vary based on factors like your credit score and loan amount.
• Loan Amount: You can borrow up to Rs. 5lakh from Home Credit for your personal loan needs.
• Repayment Tenure: The repayment tenure for Home Credit personal loans ranges from 6 months to 51 months, giving you flexibility in managing your monthly payments.

Eligibility Criteria and Fees

To be eligible for a Home Credit personal loan, you generally need to be an Indian citizen between the ages of 18 and 65, with a regular income source. While specific requirements may vary, having a good credit score can improve your chances of approval and secure a lower interest rate.

Other Services

In addition to personal loans, Home Credit offers a range of other financial products and services, including:

• Consumer Durables Financing: Purchase electronics, appliances, and furniture on easy EMIs.
• Used Car Loans: Finance your dream used car with flexible repayment options.
• Insurance Products: Protect yourself and your loved ones with various insurance plans.

17. Olyv (SmartCoin)

Olyv, previously known as SmartCoin, offers microloans to both salaried and self-employed individuals. The app provides instant loan approvals with a user-friendly interface, making it easy for users to access credit for short-term needs.

Features

• Loan Amount: Olyv offers personal loans ranging from Rs. 1,000 to Rs. 1 lakh.
• Interest Rates: Interest rates start from 1.5% per month, but they can vary based on factors like your credit score and loan amount.
• Repayment Tenure: You can choose a repayment tenure between 2 and 12 months to suit your financial situation.

Eligibility Criteria and Fees

To be eligible for an Olyv personal loan, you generally need to be an Indian citizen between the ages of 21 and 58. You should also have a stable income and a good credit score. The app typically requires minimal documentation, such as proof of identity and address. While Olyv doesn’t usually charge any upfront fees, there might be processing charges or late payment penalties.

Other Services

In addition to personal loans, Olyv offers other financial services. You can track your credit score for free, get personalised financial advice, and even invest in gold through the app. This makes Olyv a one-stop shop for your financial needs.

18. FlexSalary

FlexSalary is a digital lending platform that provides instant personal loans to salaried individuals in India. It offers a convenient and paperless application process, with loan approval and disbursement happening quickly.

Features

• Loan Amount: Rs. 4,000 to Rs. 3,00,000
• Interest Rate: 18% to 54% per annum
• Repayment Tenure: 10 to 36 months
• Processing Fee: Rs. 0 to Rs. 1,250 (charged only at the time of the first withdrawal)

Eligibility Criteria and Fees

To be eligible for a FlexSalary personal loan, you generally need to be a salaried individual with a minimum monthly income of Rs. 8,000. You should also have a good credit score and be a resident of India.

Other Services

FlexSalary offers a few additional features, such as:

• Pre-approved loans: For eligible customers, FlexSalary may offer pre-approved loans, which can expedite the loan process.
• Flexible repayment options: You may have the option to choose a repayment plan that suits your financial situation.

19. PayMe India

PayMe India offers short-term personal loans to salaried professionals. The app provides quick access to funds with flexible repayment options, making it a go-to solution for users who need financial assistance with minimal documentation.

Personal Loan Features

• Loan Amount: PayMe offers personal loans ranging from Rs. 10,000 to Rs. 5 lakhs.
• Interest Rates: Interest rates for PayMe personal loans typically range from 18% to 36% per annum. However, the exact interest rate may vary based on individual creditworthiness and other factors.
• Repayment Tenure: Loan repayment terms can range from 3 to 24 months, allowing borrowers to choose a repayment schedule that suits their financial situation.

Eligibility Criteria and Fees

To be eligible for a PayMe personal loan, applicants generally need to be Indian citizens aged between 21 and 55, with a minimum annual income of Rs. 1.8 lakhs. Other requirements may include a valid PAN card, Aadhaar card, bank statements, and proof of employment.

PayMe may charge processing fees or other charges associated with the loan. It’s important to review the terms and conditions carefully to understand all applicable fees.

Other Services and Features

In addition to personal loans, PayMe may offer other financial services or features through its app. These could include credit score checks, financial calculators, or other tools to help users manage their finances effectively.

20. StashFin

StashFin is a popular digital lending platform in India, offering instant personal loans and credit lines. Powered by Akara Capital Advisors, a registered NBFC, StashFin provides a seamless and hassle-free borrowing experience.

Features

• Loan Amount: StashFin offers personal loans ranging from Rs. 1,000 to Rs. 5,00,000.
• Interest Rates: Interest rates start from 11.99% per annum but can vary based on individual creditworthiness and other factors.
• Repayment Tenure: Loan tenures typically range from 3 to 36 months, allowing borrowers to choose a repayment schedule that suits their financial situation.

Eligibility Criteria and Fees

To be eligible for a StashFin personal loan, you generally need to be an Indian citizen aged between 21 and 55, with a minimum annual income of Rs. 3 lakh. The specific eligibility criteria may vary. StashFin typically charges a one-time processing fee, but there may be additional charges or fees associated with late payments or other circumstances.

Other Services

In addition to personal loans, StashFin offers various other financial services and features through its app. These may include:

• Instant Credit Line: This feature allows eligible customers to access funds on demand, up to a pre-approved limit.
• Financial Tools and Calculators: StashFin provides tools to help users manage their finances, such as EMI calculators and budgeting tools.
• Customer Support: The app offers customer support channels to assist users with inquiries or issues related to their loans.

21. Fi Money

Fi Money, a popular digital banking app in India, has recently introduced personal loan services. Partnered with Federal Bank, Fi Money offers a seamless, paperless, and instant personal loan experience directly within its app.

Features

• Loan Amount: Up to Rs. 5 lakhs
• Interest Rates: Starting from 1% per month (12% per annum)
• Repayment Tenure: Flexible options, including 6 months, 12 months, 24 months, and 36 months.

Eligibility Criteria and Fees

To be eligible for a Fi Money personal loan, you generally need to have a good credit score and a stable income. The exact eligibility criteria may vary based on individual circumstances. There are no hidden charges or pre-closure penalties for most Fi Money personal loans.

Other Services & Features

Beyond personal loans, Fi Money offers a range of digital banking services, including:

• Savings Accounts: High-interest savings accounts with no minimum balance requirements.
• Mutual Funds: A platform to invest in various mutual fund schemes.
• UPI Payments: Quick and secure UPI payments for transactions.
• Bill Payments: Pay bills for utilities, mobile, and other services.
• Insurance: Explore various insurance products, including term life insurance and health insurance.

22. IndiaLends

IndiaLends is an online platform that connects borrowers with lenders, offering personal loans, credit cards, and other financial products. It simplifies the loan process by providing quick access to credit for individuals with various financial backgrounds, focusing on transparency and affordability. The app also provides credit score reports and personalized loan recommendations.

Personal Loan Features

• Interest Rates: Interest rates on IndiaLends personal loans typically range from 10.25% to 29.99% per annum, depending on factors like your credit score, income, and loan amount.
• Loan Amounts: You can borrow anywhere from Rs. 10,000 to Rs. 50 lakhs on IndiaLends, depending on your eligibility.
• Repayment Tenure: The repayment tenure for IndiaLends personal loans can range from 6 months to 60 months, allowing you to choose a repayment schedule that suits your financial situation.

Eligibility Criteria and Fees

To be eligible for a personal loan on IndiaLends, you generally need to:

• Be an Indian citizen aged between 21 and 55.
• Have a minimum annual income of Rs. 3 lakhs.
• Have a good credit score.

While IndiaLends itself doesn’t charge any fees, the lenders may impose processing fees or other charges. It’s essential to check these fees before accepting a loan offer.

Other Services

In addition to personal loans, IndiaLends also offers:

• Free credit score: You can check your credit score for free on the app.
• Credit card recommendations: IndiaLends can suggest credit cards based on your needs and preferences.
• Gold loans: If you have gold, you can explore gold loan options on the platform.

23. Buddy Loan

Buddy Loan is a loan aggregator in India that provides personal loans through a simple and fast application process. It works with multiple lending partners to offer tailored loan options based on the applicant’s needs. The app is designed to make borrowing easy and accessible, offering loans for various purposes like education, medical emergencies, and home renovation.

Features

• Loan Amount: Buddy Loan offers personal loans ranging from Rs. 10,000 to Rs. 15 lakhs.
• Interest Rate: The interest rate for Buddy Loan personal loans starts at 11.99% per annum, but the exact rate may vary depending on factors such as your credit score and loan amount.
• Repayment Tenure: You can choose a repayment tenure between 12 months and 5 years to suit your financial situation.

Eligibility Criteria and Fees

• Eligibility: To be eligible for a Buddy Loan, you typically need to be an Indian citizen aged between 21 and 55, with a regular income and a good credit score.
• Fees: Buddy Loan may charge a processing fee and other charges, which can vary depending on the lender and the loan amount. It’s essential to review the terms and conditions carefully to understand the total cost of the loan.

Other Services

In addition to personal loans, Buddy Loan may offer other financial services, such as credit score checks, loan calculators, and financial advice. These features can help you make informed decisions about your personal finances.

24. Upwards by LendingKart

Upwards by LendingKart offers personal loans with quick approvals and minimal documentation. The platform primarily caters to salaried professionals and small business owners, aiming to provide financial support with flexible repayment options. It is known for its fast disbursal and user-friendly application process, making borrowing more convenient for users.

Personal Loan Features

• Interest Rates: Interest rates for Upwards personal loans typically range from 11.99% to 36% per annum, depending on factors like your credit score, income, and loan amount.
• Loan Amount: You can borrow anywhere from Rs. 50,000 to Rs. 2 lakhs through Upwards.
• Repayment Tenure: The repayment tenure for Upwards personal loans usually ranges from 3 to 36 months.

Eligibility Criteria and Fees

To be eligible for an Upwards personal loan, you generally need to be an Indian citizen aged between 21 and 55, with a minimum monthly income of Rs. 15,000. You should also have a minimum work experience of 1 year.

Upwards typically charges a one-time processing fee, which can vary depending on the loan amount. It’s advisable to check the specific fees charged by Upwards at the time of application.

Other Services and Features

In addition to personal loans, Upwards also offers several other features and services, including:

• Instant Loan Approval: Upwards claims to offer instant loan approval, with funds disbursed within 24 hours.
• Minimal Documentation: The loan application process is largely paperless, requiring minimal documentation.
• Online Loan Management: You can manage your loan account, view statements, and make payments through the Upwards app.

25. RupeeRedee

RupeeRedee is a digital lending platform that offers quick personal loans to individuals in need of short-term credit. With a focus on convenience, the app provides fast loan approvals and disbursals, even for individuals with low credit scores. RupeeRedee aims to make borrowing hassle-free with a simple online process and transparent terms.

Features of Personal Loan

• Interest Rate: The interest rate on RupeeRedee personal loans ranges from 12% to 36% per annum, depending on the borrower’s creditworthiness and other factors.
• Loan Amount: You can borrow anywhere from Rs. 2,000 to Rs. 149,000 through RupeeRedee.
• Repayment Tenure: The repayment tenure for RupeeRedee loans typically ranges from 3 to 12 months.

Eligibility Criteria and Fees

To be eligible for a RupeeRedee personal loan, you generally need to be an Indian resident aged between 18 and 65.

The app typically requires proof of identity, address, and income. While there might be processing fees associated with the loan, the specific charges can vary. It’s advisable to check the app for the most current information.

Other Services

In addition to personal loans, RupeeRedee may offer other financial services or features. These could include credit score analysis, financial calculators, or information on other financial products. It’s worth exploring the app’s features to see what additional benefits it provides.

26. SMFG India Credit (formerly Fullerton India)

SMFG India Credit, previously known as Fullerton India, offers a range of financial products, including personal loans, business loans, and vehicle loans. It caters to both urban and rural customers, providing financial solutions tailored to their specific needs. With a wide network across India, it focuses on making credit accessible to a diverse set of customers.

Personal Loan Features

• Interest Rate: SMFG India Credit offers competitive interest rates starting from 13% per annum. The exact rate may vary based on factors like your credit score, income, and loan amount.
• Loan Amount: You can borrow up to Rs. 30 lakhs for personal loans from SMFG India Credit. The maximum loan amount may depend on your eligibility and the lender’s assessment.
• Repayment Tenure: The repayment tenure for personal loans from SMFG India Credit ranges from 12 to 60 months, allowing you to choose a repayment schedule that suits your budget.

Eligibility Criteria and Fees

To be eligible for a personal loan from SMFG India Credit, you typically need to:

• Be an Indian citizen between the ages of 21 and 60
• Have a minimum monthly income of Rs. 20,000 to Rs. 25,000
• Have a good credit score with a minimal credit history
• Provide proof of identity, address, income, and employment

SMFG India Credit may charge processing fees and other charges associated with the loan. It’s essential to review the terms and conditions carefully to understand the total cost of the loan.

Other Services and Features

In addition to personal loans, SMFG India Credit offers a range of other financial services. Their app provides convenient access to loan applications, account management, and customer support. You can also use their online calculators to estimate your eligibility and EMI.

27. LazyPay

LazyPay is a buy-now-pay-later (BNPL) and personal loan app designed to offer flexible payment options for online purchases. It allows users to defer payments for their purchases or take out quick personal loans with minimal paperwork. LazyPay aims to provide instant credit solutions, making it easier for users to manage their cash flow.

Features

• Loan Amount: Up to Rs. 5 lakh
• Interest Rate: 15% – 32% per annum (varies based on factors like credit score and loan amount)
• Repayment Tenure: 3 to 24 months

Eligibility Criteria and Fees

To be eligible for a LazyPay personal loan, you generally need to:

• Be an Indian citizen aged 18-55
• Have a minimum annual income of Rs. 1.8 lakhs
• Have a good credit score
• Have an active bank account

LazyPay typically charges a one-time processing fee, which can vary. For the exact fees, it’s best to check the app or contact their customer service.

Other Services and Features

Beyond personal loans, LazyPay offers a range of other financial services, including:

• Buy Now, Pay Later: This feature allows you to make purchases and pay for them later in installments.
• Bill Payments: Pay your utility bills and other expenses directly through the LazyPay app.
• UPI Payments: Make instant payments using UPI.

28. Hero FinCorp

Hero FinCorp provides a variety of financial services, including personal loans, business loans, and two-wheeler financing. Backed by the Hero Group, the company focuses on helping individuals and businesses access easy credit with quick approvals. It offers competitive interest rates and flexible repayment options to suit different financial needs.

Key Features of Hero FinCorp Personal Loan

• Loan Amount: Up to Rs. 5 lakh
• Interest Rate: Starts from 21% p.a.
• Repayment Tenure: Flexible options ranging from 12 to 36 months.

Eligibility Criteria and Fees

To be eligible for a Hero FinCorp personal loan, you generally need to:

• Be an Indian citizen aged between 21 and 58 years.
• Have a minimum monthly income of Rs. 15,000
• Have a stable job with at least 6 months of work experience (for salaried individuals) or be self-employed for at least 2 years.
• Have a good credit score.

The exact fees associated with a Hero FinCorp personal loan may vary but typically include:

• Processing fees: Usually a percentage of the loan amount, currently 2.5% to 3.5% plus taxes.
• Other charges: Includes foreclosure charges, late payment fees, and service taxes.

Additional Services and Features

Besides offering personal loans, Hero FinCorp also provides various other financial services through its app. These include:

• Loan calculators: To help you estimate your EMI and total interest payable
• Online application: A streamlined process for applying for loans
• Document upload: Conveniently upload required documents directly through the app
• Loan status tracking: Keep track of your loan application and disbursement process
• Customer support: Access assistance and support from Hero FinCorp’s customer service team

29. Kissht

Kissht is a digital lending platform that allows users to make purchases on credit and pay back in easy installments. It offers personal loans and an EMI card, which can be used to shop online and offline. With a focus on quick approval and minimal documentation, Kissht makes borrowing simple and accessible for a wide range of customers.

Features

• Interest Rate: While the exact interest rate can vary based on factors like credit score and loan amount, it generally ranges from 14% to 36% per annum.
• Loan Amount: Kissht offers personal loans up to Rs. 2,00,000.
• Repayment Tenure: The repayment tenure for Kissht loans typically ranges from 3 to 24 months.

Eligibility Criteria and Fees

To be eligible for a Kissht personal loan, you generally need to:

• Be an Indian citizen
• Be between 21 and 55 years old
• Have a minimum annual income of Rs. 1,80,000
• Have a good credit score

Fees might include processing fees and other charges, which can vary depending on the loan amount and tenure.

Other Services

In addition to personal loans, Kissht also offers other financial services, such as:

• Digital EMI Card: This card allows you to convert purchases into EMIs, making it easier to manage larger expenses.
• Instant Credit Line: Kissht provides an instant credit line that you can use as needed, up to your approved limit.

30. Pocketly

Pocketly is a micro-lending platform targeting students and young professionals who need short-term credit. It offers small, instant loans with easy repayment options, aiming to bridge the gap between monthly expenses and income. The app is user-friendly, providing quick disbursals and flexible terms to make borrowing stress-free.

Features

• Loan Amount: Up to Rs. 50,000
• Interest Rate: Starting from 2% per month
• Repayment Tenure: Up to 120 days

Eligibility Criteria and Fees

• Indian citizens aged 18 or above
• Valid Aadhaar and PAN cards
• Minimum monthly income of Rs. 10,000
• Good credit score

Pocketly typically charges a processing fee of 0%-7.5%, with GST applicable.

Other Features

In addition to offering personal loans, Pocketly also provides features like:

• Instant approval: Loans can be approved within minutes.
• Quick disbursement: Funds are typically disbursed within 24 hours.
• Flexible repayment options: Repayments can be made through debit card, online banking, or UPI.
• Credit score tracking: Pocketly helps users track their credit score.

31. Finnable

Finnable is a personal loan app that provides fast and easy access to credit for salaried individuals. With a simple application process, the platform offers loans for various purposes, such as education, medical emergencies, and travel. Finnable focuses on making loans affordable and accessible, with quick disbursal and flexible repayment plans.

Features

• Loan Amount: Up to Rs. 10 lakhs
• Interest Rate: Starts from 1.33% per month (16% to 35.99% annualised)
• Repayment Tenure: 6 months to 60 months

Eligibility Criteria and Fees

To be eligible for a Finnable personal loan, you must be an Indian citizen with a minimum monthly salary of Rs. 15,000, deposited directly into a bank account. The loan application process is entirely digital, requiring minimal documentation. While there are no hidden fees, Finnable does charge a processing fee of 4% of the sanctioned loan amount.

Other Services

In addition to personal loans, Finnable offers a range of financial services, including credit score monitoring and financial literacy resources. The app also provides a user-friendly interface for easy loan management and repayments.

Key Factors to Consider When Applying for a Personal Loan

When choosing a personal loan app, it’s important to consider a few key factors to make sure it fits your needs. Here are some things to keep in mind:

1. 

   Interest Rates and Fees

   Look for apps that offer competitive interest rates and minimal fees. This will help you save money over the life of the loan.

2. 

   Loan Eligibility Criteria

   Check the app’s eligibility requirements, like minimum credit score and income level, to ensure you qualify before applying.

3. 

   Loan Approval Time

   Consider how quickly the app processes loan applications. Some apps offer instant approval, while others may take longer.

4. 

   Repayment Terms and Flexibility

   Look for apps that offer flexible repayment options, like varying loan terms and the ability to change payment dates.

5. 

   Customer Reviews and Ratings

   Read reviews and ratings from other users to get a sense of their experiences with the app, especially regarding service and reliability.

6. 

   Hidden Charges

   Make sure there are no hidden fees like prepayment penalties that could increase the total cost of the loan.

7. 

   After Sales and Customer Service

   Good customer support is crucial in case you face issues or have questions during your loan repayment period.

8. 

   UI-UX Interface of Loan Apps

   A user-friendly app interface can make applying for and managing your loan easier and less stressful.

9. 

   Additional Features and Benefits

   Some apps offer extra features like financial management tools or rewards. Look for any additional benefits that could enhance your experience.

Documents Required by Instant Loan Apps

When applying for an instant loan through an app, you’ll usually need to provide digital copies of certain documents. While requirements vary between apps, the most commonly requested documents include:

• 

  Aadhar Card

• 

  PAN Card

• 

  Passport-sized photographs

• 

  Salary slips from the last 3 months

• 

  Bank statements for the last 6 months

• 

  Bank details for repayment setup

• 

  Passport, Driving License, or Voter’s ID (sometimes requested)

Closing Thoughts

These 31 personal loan apps offer a range of options to meet your financial needs quickly and conveniently. Whether you’re looking for competitive rates, easy approvals, or flexible repayment terms, there’s likely an app that fits your situation. Always review terms carefully to make the best decision for your circumstances.

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Priynka Rao

Priyanka Rao is a content strategist for Jupiter.Money, and specializes in writing on topics related to finance, banking, budgeting, salary & wages, and other financial matters. She has a passion for creating engaging content that resonates with audiences across various digital platforms. In her free time, Priyanka enjoys traveling and reading, which allows her to gain new perspectives and inspiration for her work. With a keen eye for detail and a creative mindset, Priyanka is committed to creating content that connects well with her readers, enhancing their digital experiences.