Need urgent money in your bank account within minutes?
Instant personal loan apps have made borrowing simple, fast, and paperless. Whether you need ₹5,000 for an emergency or ₹5 lakh for a major expense, these apps let you apply online without visiting a bank branch.
In this detailed QuickCashs guide, we cover the Top 9 Instant Personal Loan Apps in India, including loan amounts, interest rates, eligibility criteria, benefits, and the application process.
Why Instant Personal Loan Apps Are Popular in India?
Digital lending has grown rapidly because:
- 100% online application process
- Approval in minutes
- Minimal documentation
- Loans for low-salaried individuals
- Options are available even with an average credit score
- Direct bank transfer
For salaried employees, self-employed individuals, students, and freelancers, instant loan apps offer quick financial support anytime.
Top 9 Instant Personal Loan Apps Offering Loans
Below is a carefully selected list of trusted and popular personal loan apps in India.
| Loan App | Loan Amount | Interest Rate (Starting) | Tenure | Best For | |
| 1 | KreditBee | ₹1,000 – ₹5 Lakhs | 12% p.a. | 3 – 24 months | Small & medium loans |
| 2 | MoneyTap | ₹3,000 – ₹5 Lakhs | 13% p.a. | Flexible | Credit line facility |
| 3 | Navi | ₹10,000 – ₹20 Lakhs | 9.9% p.a. | 3 – 72 months | Higher loan amounts |
| 4 | CASHe | ₹1,000 – ₹4 Lakhs | 14% p.a. | 3 – 18 months | Salaried professionals |
| 5 | PaySense | ₹5,000 – ₹5 Lakhs | 16% p.a. | 3 – 60 months | Moderate income applicants |
| 6 | Fibe | ₹5,000 – ₹5 Lakhs | 14% p.a. | 3 – 24 months | Young working professionals |
| 7 | LazyPay | ₹10,000 – ₹5 Lakhs | 15% p.a. | 3 – 24 months | Short-term urgent needs |
| 8 | mPokket | ₹500 – ₹45,000 | 24% p.a. | Short term | Students & beginners |
| 9 | MoneyView | ₹10,000 – ₹10 Lakhs | 16% p.a. | 3 – 60 months | Quick high-limit loans |
Detailed Overview of Each Loan App
1. KreditBee Personal Loan
KreditBee is ideal for individuals who need quick, small-ticket loans. The approval process is fast, and funds are usually credited within minutes after verification.
Loan Details:
- Loan Amount: ₹1,000 – ₹5 Lakhs
- Interest Rate: Starting from 12% p.a.
- Tenure: 3 – 24 months
2. MoneyTap Personal Loan
MoneyTap works as a personal credit line. You can withdraw only the required amount and pay interest only on the used portion.
Loan Details:
- Loan Amount: ₹3,000 – ₹10 Lakhs
- Interest Rate: Starting from 13% p.a.
- Tenure: Flexible
3. Navi Personal Loan
Navi offers competitive interest rates and higher loan amounts. It is suitable for borrowers looking for up to ₹20 lakh.
Loan Details:
- Loan Amount: ₹10,000 – ₹20 Lakhs
- Interest Rate: Starting from 9.9% p.a.
- Tenure: 3 – 72 months
Also Read: 10 Lakh Instant Loan Without Documents
4. CASHe Loan App
CASHe focuses on salaried employees and offers quick approval using AI-based credit evaluation.
Loan Details:
- Loan Amount: ₹1,000 – ₹4 Lakhs
- Interest Rate: Starting from 14% p.a.
- Tenure: 3 – 18 months
5. PaySense Personal Loan
PaySense is suitable for borrowers with moderate income and an average credit score. It offers longer repayment tenure options.
Loan Details:
- Loan Amount: ₹5,000 – ₹5 Lakhs
- Interest Rate: Starting from 16% p.a.
- Tenure: 3 – 60 months
6. Fibe (EarlySalary) Loan
Popular among young professionals, Fibe provides instant salary advances and personal loans.
Loan Details:
- Loan Amount: ₹5,000 – ₹5 Lakhs
- Interest Rate: Starting from 14% p.a.
- Tenure: 3 – 24 months
7. LazyPay Personal Loan
LazyPay is widely known for quick, short-term loans. You can apply for a loan of up to ₹5 lakh from LazyPay.
Loan Details:
- Loan Amount: ₹10,000 – ₹5 Lakhs
- Interest Rate: Starting from 15% p.a.
- Tenure: 3 – 24 months
8. mPokket Loan App
Designed for students and first-time borrowers. Provides small loans instantly.
Loan Details:
- Loan Amount: ₹500 – ₹45,000
- Interest Rate: Starting from 24% p.a.
- Tenure: Short-term
9. MoneyView Personal Loan
MoneyView offers higher loan amounts and quick approval, even with average credit scores.
Loan Details:
- Loan Amount: ₹10,000 – ₹10 Lakhs
- Interest Rate: Starting from 16% p.a.
- Tenure: 3 – 60 months
Benefits of Instant Personal Loan Apps
✔ 100% paperless process
✔ No collateral required
✔ Quick approval within minutes
✔ Flexible EMI options
✔ Loan available even with ₹10,000–₹15,000 salary
✔ Available 24/7
Eligibility Criteria for Instant Loan Apps
Although eligibility varies, most apps require:
- Age between 18 to 58 years
- Indian citizen
- Active mobile number
- Aadhaar & PAN card
- Bank account
- Regular income source
Documents Required
- Aadhaar Card
- PAN Card
- Bank Statement (3–6 months)
- Salary Slip (if salaried)
- Selfie for KYC
Some apps approve loans without a salary slip using bank statement analysis.
How to Apply for an Instant Personal Loan Online?
- Download the loan app.
- Register using your mobile number.
- Complete KYC verification.
- Upload documents.
- Select loan amount & tenure.
- Get approval and receive funds directly in bank account.
The entire process usually takes 10 minutes to 24 hours.
Also Read: WeRize Personal Loan: Get 5 Lakh at 12K Salary
Conclusion
Instant personal loan apps have transformed the borrowing experience in India. They offer speed, convenience, and accessibility for people across income groups.
However, always borrow responsibly and choose an EMI that fits your monthly budget. For more updated financial guides, comparisons, and loan tips, keep visiting QuickCashs.
