Business Loan Apps in India Offering Quick Approval in 2026
Top-rated apps for instant cash, MSME growth, and flexible personal credit
In 2026, getting a loan no longer requires bank queues or heavy paperwork. Whether you need a small advance for studies, a gold loan for emergencies, or capital to scale your startup, these top 10 apps offer the best interest rates, fastest disbursals, and highest security in India.
🔍 Finding the Right Loan App: Where Do You Start? Choosing the right lender depends on your specific financial profile:
- Credit History: Business loans for new-to-credit borrowers vs. loans designed for businesses with strong credit scores.
- Loan Purpose: Funding for business expansion, working capital, or cash-flow management vs. loans meant for general short-term financial needs.
- Collateral Requirement: Secured business loans backed by assets (such as gold or property) vs. unsecured business loans without collateral.
- Repayment Structure: Standard EMI-based repayment vs. flexible options like interest-only periods or customized repayment cycles.
Detailed Reviews of the Best Business Loan Apps
| App | Rating | Downloads | Action |
|---|---|---|---|
Bajaj Finserv: UPI & Loan AppSuitable for established businesses needing high-value business loans | ⭐ 4.8 | 100M+ | |
KreditBee: Personal Loans, UPILimited suitability for business loans; mainly designed for personal credit | ⭐ 4.6 | 100M+ | |
mPokket: Instant Loan AppSuitable for business loans; designed for short-term personal use | ⭐ 4.7 | 10M+ | |
Buddy Loan - Personal Loan AppSuitable for business loans through multiple partner lenders | ⭐ 4.5 | 10M+ | |
L&T Finance PLANET - Loan AppWell-suited for MSMEs and small business financing | ⭐ 4.4 | 10M+ | |
Kissht Quick Personal Loan AppLimited suitability for business loans; primarily for short-term credit | ⭐ 4.6 | 10M+ | |
IIFL Finance: Gold & MSME LoanSuitable for secured business loans, especially gold-backed MSME funding | ⭐ 4.7 | 1M+ | |
FlexiLoans: Business LoansDesigned specifically for digital business and SME loans | ⭐ 4.6 | 1M+ | |
Lendingkart: Business Loan AppSuitable for collateral-free loans for small businesses | ⭐ 3.5 | 1M+ | |
LoanTap - Personal Loan AppSuitable for business loans; focused on personal lending products | ⭐ 3.1 | 1M+ |
Detailed Reviews of the Best Business Loan Apps
Bajaj Finserv: UPI & Loan App
Suitable for established businesses needing high-value business loans
Download NowLarge-ticket loans with long tenures, strong offline presence, and competitive rates for high CIBIL users
Pros:
- ✔️ Large loan limits
- ✔️ long repayment tenures
- ✔️ strong offline + digital ecosystem
Cons:
- ❌ Feature-heavy interface can feel complex for users seeking simple UPI or quick loans
Great for users who want to:
- ✔️ Salaried professionals
- ✔️ established businesses
- ✔️ high CIBIL users
- Loan amount ₹40
- 000–₹55 lakh
- interest rates 10%–31% p.a.
- tenure 12–96 months
- EMI Network Card
- insurance & FD options
Best interest rates require a CIBIL score of 750+; processing fees can go up to 3.93%
KreditBee: Personal Loans, UPI
Limited suitability for business loans; mainly designed for personal credit
Download NowFast 10-minute disbursal with low income requirement, suitable for salaried professionals and short-term credit
Pros:
- ✔️ 10-minute disbursal
- ✔️ accessible for low-income users
- ✔️ supports EMI shopping
Cons:
- ❌ Service fees apply on each loan increment; short-term loans can be costly
Great for users who want to:
- ✔️ Young professionals
- ✔️ first-time salaried borrowers
- Loan amount ₹6
- 000–₹10 lakh
- interest rates 12%–28.5% p.a.
- tenure 6–60 months
- instant disbursal
- digital gold & EMI shopping
Minimum monthly salary of ₹10,000 required; APR can be high for short-term loans
mPokket: Instant Loan App
Suitable for business loans; designed for short-term personal use
Download NowCredit access for students and first-time borrowers with no credit history
Pros:
- ✔️ No credit history required
- ✔️ instant disbursal
- ✔️ student-friendly onboarding
Cons:
- ❌ Very low initial credit limits
- ❌ not suitable for large or business funding
Great for users who want to:
- ✔️ College students
- ✔️ fresh graduates
- Loan amount ₹500–₹50
- 000
- interest 2%–4% monthly
- tenure 61–120 days
- instant Paytm/bank transfer
- fast digital KYC
Available only for students and fresh graduates; late repayments can impact future credit
Buddy Loan - Personal Loan App
Suitable for business loans through multiple partner lenders
Download NowCompares offers from 80+ lenders to maximize approval chances and rate discovery
Pros:
- ✔️ High approval probability
- ✔️ compares offers from 80+ lenders
- ✔️ wide loan range
Cons:
- ❌ High volume of follow-up calls from partner lenders after application
Great for users who want to:
- ✔️ Users wanting to compare multiple loan offers quickly
- Loan amount ₹10
- 000–₹50 lakh
- interest from 11.99% p.a.
- tenure 6 months–5 years
- lender comparison
- in-app credit score
Acts as a loan marketplace, not a direct lender; always verify partner NBFC credentials
Trusted NBFC for MSME, rural, and Tier-2/Tier-3 borrowers with paperless processing
Pros:
- ✔️ Trusted NBFC brand
- ✔️ paperless large loans
- ✔️ strong MSME and rural reach
Cons:
- ❌ App interface feels dated compared to newer fintech platforms
Great for users who want to:
- ✔️ Small businesses
- ✔️ rural borrowers
- ✔️ Tier-2 & Tier-3 users
- Loan amount ₹50
- 000–₹30 lakh
- interest 10.5%–26% p.a.
- tenure 12–60 months
- MSME & micro-loan support
More suitable for Tier-2 and Tier-3 borrowers with existing L&T relationships
Kissht Quick Personal Loan App
Limited suitability for business loans; primarily for short-term credit
Download NowRevolving credit line and quick emergency loans with flexible EMI usage
Pros:
- ✔️ Revolving credit line
- ✔️ quick approvals
- ✔️ offline EMI payment support
Cons:
- ❌ Requires access to contacts and SMS
- ❌ raising privacy concerns
Great for users who want to:
- ✔️ Emergency cash users
- ✔️ short-term credit seekers
- Credit limit up to ₹5 lakh
- APR up to 36%
- tenure up to 24 months
- revolving credit line
- offline EMI scan & pay
Requires access to contacts and SMS for credit assessment; selfie-based KYC mandatory
IIFL Finance: Gold & MSME Loan
Suitable for secured business loans, especially gold-backed MSME funding
Download NowHigh LTV gold loans and MSME funding with strong asset-backed security
Pros:
- ✔️ Competitive gold loan rates
- ✔️ high LTV
- ✔️ full insurance on pledged gold
Cons:
- ❌ Physical branch visit needed for gold valuation
- ❌ not fully digital
Great for users who want to:
- ✔️ Gold owners
- ✔️ MSMEs needing secured loans
- Loan amount ₹3
- 000–₹30 lakh+ (gold loans)
- interest 11.88%–27% p.a.
- tenure 12–24 months
- high LTV
- insured gold
Gold loans require physical branch visit; MSME loans need 2+ years business vintage
Fully digital business loans for GST-registered SMEs and merchants
Pros:
- ✔️ Fully digital business lending
- ✔️ merchant-focused products
- ✔️ high ticket size
Cons:
- ❌ Not available for personal use; strictly limited to business entities
Great for users who want to:
- ✔️ SMEs
- ✔️ merchants
- ✔️ GST-registered businesses
- Loan amount ₹50
- 000–₹1 crore
- interest from 1% per month
- tenure 12–36 months
- GST-based lending
- line of credit
GST registration and minimum ₹4 lakh turnover required; strictly for business use
Collateral-free MSME loans with fast approvals and flexible repayment cycles
Pros:
- ✔️ Collateral-free MSME loans
- ✔️ fast approvals
- ✔️ flexible repayment options
Cons:
- ❌ Processing fees can be high
- ❌ increasing overall borrowing cost
Great for users who want to:
- ✔️ Small businesses
- ✔️ startups with short operating history
- Loan amount ₹50
- 000–₹2 crore
- interest from 1.25% per month
- tenure 1–36 months
- collateral-free MSME loans
Processing fees can reach 5%; minimum 6 months business history required
LoanTap - Personal Loan App
Suitable for business loans; focused on personal lending products
Download NowFlexible repayment models like interest-only and step-up EMIs for salaried users
Pros:
- ✔️ Flexible repayment models
- ✔️ zero foreclosure charges
- ✔️ niche loan products
Cons:
- ❌ Limited geographic availability across Indian cities
Great for users who want to:
- ✔️ Salaried users needing customized repayment plans
- Loan amount ₹25
- 000–₹10 lakh
- interest 18%–30% p.a.
- tenure 6–60 months
- interest-only & step-up EMI options
Limited to ~20 Indian cities; minimum salary requirement of ₹30,000 per month
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