Getting a personal loan is straightforward; securing one with a low interest rate is what truly saves money and reduces financial pressure.
If you want an affordable, fast, and reliable loan, choosing the right app matters.
QuickCashs covered the 9 best personal loan apps with comparatively lower interest rates, along with features, benefits, and a clear comparison table to help you decide easily.
9 Best Personal Loan Apps with Low Interest Rates
1. WeRize
WeRize focuses on low-salary customers and offers simple loans with flexible eligibility. You can borrow a loan from WeRize at Rs. 12,000 on a salary.
- Loan Amount: Up to ₹5 lakh
- Interest Rate: Starts from ~12% p.a.
- Best For: 12,000 salary earners & instant disbursement
2. Navi
Navi is known for its instant approval and paperless process. Borrow up to 20 lakh loan if you have a 750+ credit score.
- Loan Amount: Up to ₹20 lakh
- Interest Rate: Starts from ~9.9% p.a.
- Best For: Quick, low-interest loans & digital approval
3. MoneyView
MoneyView offers a good balance between approval and affordability. Get an instant loan if you have no income proof. But a 750+ credit score is required.
- Loan Amount: Up to ₹10 lakh
- Interest Rate: Starts from ~10% p.a.
- Best For: Salaried & self-employed
4. Muthoot Fincorp
Muthoot Fincorp provides reliable personal loans with moderate rates. Borrow a loan if you are a self-employed person.
- Loan Amount: Up to ₹5 lakh
- Interest Rate: 14%–26% p.a.
- Best For: Self-employed person & get a loan with video verification.
5. KreditBee
KreditBee is popular among young professionals. Borrow a loan from Kreditbee with a 650+ credit score.
- Loan Amount: Up to ₹5 lakh
- Interest Rate: 14%–29% p.a.
- Best For: Instant small loans
6. HDFC Bank
One of the most trusted banking apps for personal loans. If you need a higher loan amount, the HDFC bank application is the best one.
- Loan Amount: Up to ₹40 lakh
- Interest Rate: Starts from 9.99% p.a.
- Best For: Low interest & high loan amount
7. InCred
InCred offers competitive rates with fast processing. A salaried person can get an InCred loan at a salary of Rs. 15,000.
- Loan Amount: Up to ₹10 lakh
- Interest Rate: Starts from ~11% p.a.
- Best For: Salaried professionals
8. IDFC FIRST Bank App
Known for customer-friendly policies. Salaried & Self employed person can take a loan from the IDFC First Bank application.
- Loan Amount: Up to ₹9 lakh
- Interest Rate: Starts from ~10.75% p.a.
- Best For: Emergency purposes & quick borrowing
9. Fibe (EarlySalary)
Fibe is ideal for young salaried individuals. Get a Fibe loan if your salary is Rs. 18,000.
- Loan Amount: Up to ₹5 lakh
- Interest Rate: Starts from ~12% p.a.
- Best For: Quick approval
Comparison Table of Top 9 Loan Apps
| App Name | Loan Amount | Interest Rate | Best For | Approval Speed |
| WeRize | Up to ₹5L | 12%+ | Rs. 12,000 Salary | Fast |
| Navi | Up to ₹20L | 9.9%+ | Low interest | Instant |
| MoneyView | Up to ₹10L | 10%+ | Easy approval | Fast |
| Muthoot Fincorp | Up to ₹5L | 14%–26% | Self Employed person | Moderate |
| KreditBee | Up to ₹5L | 14%–29% | Instant loans | Very Fast |
| HDFC App | Up to ₹40L | 10.5%+ | Bank loans | Fast |
| InCred | Up to ₹10L | 11%+ | Professionals | Fast |
| IDFC FIRST | Up to ₹40L | 10.75%+ | Flexible loans | Fast |
| Fibe | Up to ₹5L | 12%+ | Salaried users | Instant |
Eligibility Criteria
- Age: 21 to 55 years
- Minimum income: ₹12,000 per month
- Indian citizen
- Income must deposit to bank account
- Basic KYC documents
Also Read: Personal Loan for ₹20,000 Salary
Documents Required
- Aadhaar Card
- PAN Card
- Bank statement ( 6 to 12 months )
- Latest Salary Slips
- Applicant Photo
Features of Personal Loan Apps
100% Digital & Paperless Process
Personal loan apps offer a completely online experience. From application to verification and approval, everything is done digitally. You don’t need to submit physical documents or visit any branch, saving time and effort.
Minimal Documentation
These apps require only basic documents such as an Aadhaar card, a PAN card, bank statements, and salary slips. The process is simple and user-friendly, allowing even first-time borrowers to apply.
No Collateral Required
Most personal loan apps offer unsecured loans, meaning you don’t have to pledge any assets like gold, property, or a vehicle. This makes it easier for individuals to access funds without risk to their assets.
Flexible Loan Amount Options
Personal loan apps offer a wide range of loan amounts from as low as ₹1,000 to as high as ₹10 lakh or more. This flexibility allows you to borrow exactly what you need, whether it’s for a small expense or a major requirement.
Flexible Repayment Tenure
Borrowers can choose repayment periods based on their convenience. Tenure options usually range from a few months to several years, allowing you to manage your EMI according to your income.
User-Friendly Interface
Most loan apps are designed to be simple and easy to use. Even if you cannot use the application, you can easily fill out the application, upload documents, and track your loan status without any difficulty.
Also Read: 5 Tips to Improve Your Chances of Approval for a Personal Loan
Conclusion
Choosing the right personal loan app is not just about getting money quickly; it’s about getting it at the lowest possible cost. While apps like Navi, HDFC, and IDFC offer lower interest rates, others like KreditBee and Fibe provide faster approvals with slightly higher rates.
The best choice depends on your needs, urgency, and financial profile. Always compare options, check total repayment, and choose a loan that fits comfortably within your budget. A smart decision today can save you a significant amount in the future.
