12 Best Instant Loan Apps in India

Instant personal loan apps are revolutionising financial access as they offer quick, convenient loans right at your fingertips.

Instant Personal Loans are unsecured loans with zero or minimal documentation requirements. Approvals are quick, and loan amounts are disbursed immediately. Some of the best loan apps are also multilingual, breaking down language barriers.

In this blog, we will cover the list of instant loan apps that provides instant approval on personal loans and best in-app experiences

Top Easy Loan Apps in India in 2024

PlatformLoan amountInterest Rate TenureApp rating
InstaMoney5k to 50k2.99% p.m. onwards3 months – 5 months4.2
CASHe1k to 4 lakhs 2.50% p.m. onwards3 months- 18 months4.2
KreditBee3k to 5 lakhs16-29.95% p.a.3 months- 24 months4.5
PaySense5k to 5 lakhs16 to 36% p.a.3 months –  48 months3.6
Bajaj Finserv50 lakhs11% p.a. onwards72 months4.7
CredyUp to 1 lakhs1 to 1.5% p.m of loan amount3 month- 12 months4.2
Dhani1K to 15 lakhs13.99% p.a. onwards3 months – 24 months3.3
Home Credit10k to 5 lakhs1.6% p.a.12 months- 48 months4.4
IndiaLendsUp to 70 lakhs10.25% to 29.99%6 months- 60 months3.9
mPokketUp to 45,00048% p.a.2 months- 12 months4.4
Moneyview5k to 10 lakhs1.33% p.m.6 – 60 months4.7
FibeUp to 5 lakhs16% p.a.3-36 months4.4

1. InstaMoney

InstaMoney is one of the top digital lending platform designed to offer quick and hassle-free personal loans to individuals. With a straightforward application process and rapid disbursement, it aims to alleviate financial strain by providing access to funds with minimal bureaucracy.

  • Loan amounts vary from ₹5,000 to ₹50,000
  • Repayment tenures range from 3 to 5 months.
  • Interest rates set between 24% and 48% per annum.
  • Claims to disburse loans within 2 hours.
  • Streamlined application process for quick approvals.
  • Requires minimal documentation for loan processing.


2. CASHe

CASHe is a leading instant loan app that provides instant personal loans to salaried individuals to fulfill every one of their needs.

  • It provides loans starting from Rs 1,000 up to Rs 4,00,000.
  • The tenure of the instant loan can range from 3 to 18 months.
  • Interest is charged at 2.5% per month.
  • Loans can be taken for various purposes like consumer loans, medical loans, education loans, etc.
  • Quick loan approval and disbursement.
  • Unsecured loan, so no asset showcase is needed.


3. KreditBee

KreditBee specialises in providing personal loans to both salaried and self-employed individuals, emphasising inclusion.

  • It provides loans starting from Rs 3,000 up to Rs 5,00,000.
  • The tenure of the instant loan can range from 3 to 24 months.
  • Interest is charged at 16-29.95% p.a.
  • It claims to disburse the loans within 10 minutes.
  • Offers a variety of loan products, including personal loans and purchase financing.
  • Fast and straightforward application process.
  • Minimal documentation is required for loan processing.


4. PaySense

PaySense has partnered with India’s leading banks and NBFCs and provides instant personal loans to Indian residents, whether salaried or self-employed. It boasts an easy-to-use app and competitive interest rates.

  • It provides instant personal loans starting from Rs 5,000 up to Rs 5,00,000.
  • Interest is charged between 16 to 36% p.a. on a reducing balance basis.
  • Instant loan approval and digital documentation.
  • Loans are provided for various purposes ranging from medical emergencies, international vacations, family functions, etc.
  • Both salaried and self-employed individuals can avail of their instant loan.
  • No collateral is needed.


5. Bajaj Finserv

As a veteran in the financial services sector, Bajaj Finserv offers quick personal loans for various reasons to those who are salaried or are employed by an MNC, public sector company, or private sector. The age should be between 21-80 years.

  • Collateral-free instant personal loans up to Rs 50 lakh are provided.
  • The loan can be paid back in EMIs of up to 72 months.
  • A unique feature is the flexible hybrid option. It allows you to pay only interest as EMIs for a portion of the loan period and allows multiple withdrawals and deposits.
  • The loan can be approved in as little as 5 minutes and disbursed within 24 hours.


6. Credy

Credy is recognised for its commitment to providing loans to those with even a low CIBIL score for various reasons like education loans, credit card refinancing, emergency loans, etc.

  • Low interest rates starting at 1% of loan amount per month.
  • They provide loan approval in as little as a minute to detailed terms in 3 hours.
  • The loan is quickly disbursed within 24 hours.
  • No hidden charges and transparent terms.
  • Top-up loans are also available.


7. Dhani

Dhani instantly disburses personal loans based on the credit profile of its borrowers and sanctions loans, making it one of the best instant loan apps in India. It provides instant personal loans to both salaried and self-employed individuals.

  • It provides loans starting from Rs 1000 up to Rs 15 lakhs.
  • The tenure of instant personal loans ranges from 3 months to 2 years.
  • Interest rates start at 13.99% p.a. onwards.
  • Processing fees are around 3%.


8. Home Credit

Home Credit is an easy loan app renowned for its consumer financing products, including personal loans. It provides instant personal loans to salaried individuals, self-employed individuals, and even pensioners with only 2 documents without any collateral.

  • Instant personal loans of up to Rs 5,00,000 are provided.
  • Disbursal of loan is done within a few hours of approval.
  • Competitive interest rates.
  • Easy loan approval process for new borrowers.
  • Collateral-free loans without hidden charges.


9. IndiaLends

IndiaLends is an instant small loan app that facilitates loan distribution through its affiliated financial institutions, such as SBI, HDFC, and ICICI. It is also a new loan app that provides loans to first-time borrowers with a line of credit starting from Rs 15000 to Rs 2,00,000.

  • It provides loans up to Rs 70 lakhs.
  • The tenure of instant personal loans ranges from 1 to 5 years.
  • Interest rates start at 10.25% p.a. onwards.
  • The loan amount is said to be disbursed within 24 hours.
  • Quick and paperless loan application process.
  • Minimal documentation.
  • Partnership with multiple banks and NBFCs for best offers.


10. mPokket

Another best app for personal loans, mPokket, is an instant small loan app that provides instant loans primarily to students, young professionals, and self-employed individuals. They need not have a prior credit history.

  • The loan amount can vary between Rs 500 to Rs 45,000.
  • Quick loan disbursement directly to a bank account or Paytm wallet.
  • Flexible repayment options tailored for young earners.
  • No collateral or guarantor is required.
  • Simple and fast application process.


11. Moneyview

Moneyview stands out as one of the best personal loan apps with its proprietary credit scoring model, enabling loans for those with low or no credit scores.

  • It provides loans up to Rs 10 lakhs.
  • The tenure of instant personal loans ranges from 3 months to 5 years.
  • Interest rates start at 1.33% per month onwards.
  • Disbursal of the loan amount within a few minutes after the application approval.
  • Transparent processing fees and no hidden charges.


12. Fibe (formerly EarlySalary)

Another online loan app, Fibe is a pioneer in providing instant credit and personal loans. It particularly appeals to salaried individuals for its ease of access and flexible terms.

  • It provides loans up to Rs 5 lakh.
  • The rate of interest starts at 16% p.a. on reducing balance.
  • The tenure for loan ranges between 3-36 months.
  • The loan is disbursed within 10 minutes of approval.
  • Minimal documentation.
  • Offers salary advance loans, school fees loans, and more.
  • No prepayment charges for early loan closure.


Benefits of Easy Loan App

  • Easy loan apps make the disbursement of loans quick and easier. It provides convenience to the borrowers since the platforms can be accessed 24*7, the documentation and verification process which happens online is quick and hasslefree, the disbursement can take place in minutes.
  • Easy loan apps minimize the chances of human error. It makes screening of the applicant faster and accurate since the process is automated.  It also helps the platform to view the borrower’s application and documents using technology and this speeds up the process.
  • The borrowers can customize the loan amount and the tenure to meet individual needs. They can also avail small ticket loans which banks do not offer. The borrowers with no credit history or low credit score are also eligible to receive a loan.
  • Digital lending breaks geographical boundaries and can be accessible to borrowers from the remote regions of the country.
  • Easy loan apps provide transparency and the progress of borrower’s application can be tracked. They can see the terms, interest rates, draft and customize their repayment plans. The repayment can be automated.


How to Choose the Best Easy Loan Application

The digital lending platforms must be chosen carefully. Factors such as easy configuration, the amount limit, rate of interest are very crucial in choosing the right lending application. It is also important to check the credibility and the reputation of the lender in the market. Choosing a platform that provides customer support and services like payment confirmation mails, payment reminders if the tenure is long for there may be chances that the borrower may forget to pay the installment. It becomes very important to read all the terms and conditions and look out for hidden charges or conditions.



Instant personal loan apps have ensured that more people, irrespective of their linguistic background, can easily access financial services. The 12 best loan apps in India we have discussed above can provide financial assistance for education loans, personal investments, financial emergencies, etc.



1. Can we get instant personal loans without any documentation?

Yes, if banks are offering instant personal loans to their pre-approved customers, no documentation may be needed. However, generally, some minimal documentation is required with instant personal loans.

2. Are instant personal loan apps safe?

Always download RBI-approved instant loan apps from verified sources to ensure your safety.

3. Can I get an instant loan within an hour?

Yes, several of the instant loan apps we have discussed above can provide immediate loans once the application is approved.

Please provide the following details.
Apply for a Loan and we will connect you to our partners.
Apply for