We all are well aware of the cumbersome loan processing of private banks. To cover individuals’ personal and business emergencies, there are several instant personal loan apps in the app stores. These apps, with minimal eligibility criteria and quick loan processing methods, grant instant loans right when you need them the most. Mentioned below are a few popular instant personal loan apps that you can benefit from.

Top 10 Best instant loan apps in India

App Name	Rating	Downloads	App Url	Highlight	Tentures	Annual Percentage Rate
Kreditbee	4.5⭐	10M+	Playstore link	✔️personal loans from ₹1,000 to ₹3,00,000 ✔️Interest rates – 0% to 29.95% p.a. ✔️Low transaction fees ✔️Quick loans and easy EMIs	62 days to 24 months	0 to 70%
Bajaj Finserv app	4.6⭐	50M+	Playstore link	✔️ Finance Amount: ₹30,000 to ₹25 Lakh ✔️ Quick approval ✔️ Processing Fees: ₹500 to ₹2000	12 to 84 months	12% to 34%
MoneyTap	4.1⭐	10M+	Playstore link	✔️Loan Rs. 10,000 to Rs. 5 lakhs✔️Low processing fees from 2% to 3.75% ✔️Low one-time line setup fee from Rs. 199 to Rs. 999	3 to 36 months	12% to 36%
Fullerton India Instaloan App	3.9⭐	1M+	Playstore link	✔️Personal Loan Amount: ₹50,000 to ₹25 Lakhs ✔️ Hassle Free Documentation ✔️Online Processing with this Indian Online Loan App	12 to 60 Months	from 11.99%
CASHe Personal Loan App	4.3⭐	10M+	Playstore link		3 to 18 months	30.42%
Fibe Instant Personal Loan App	4.5⭐	5M+	Playstore link	✔️Loan amount: ₹ 8,000 – ₹ 5 lacs ✔️Loan in just 10 minutes ✔️100% digital process ✔️Minimal paperwork ✔️ No collateral required ✔️ No pre-closure charges	3 to 24 months	28.58%
Personal Loan App – RapidRupee	4.2⭐	1M+	Playstore link	✔️personal loans from ₹ 1,000 to ₹ 60,000 ✔️No membership or upfront fees ✔️ Loan application to approval in 30 minutes ✔️Online loan app in India with 24/7 availability	12 months	12%
Instant Personal Loan App Finnable	4.3⭐	1M+	Playstore link	✔️loans starting from ₹ 50000 to ₹ 10,00,000 ✔️,Loan with Low Credit Score ✔️Flexible EMI ✔️No Hidden Charges	6 to 60 months	21.97% to 27.6%
Instant Approval Personal Loan Indialends	3.9⭐	5M+	Playstore link	✔️loan available upto ₹25 lacs ✔️simple and handy loan	6 to 60 months	10.25% to 25%
PaySense: Personal Loan App	4.4⭐	10M+	Playstore link	✔️loans up to Rs.5 lakhs ✔️PaySense is present in 180+ cities in India ✔️ Affordable interest rates ✔️Convenient and affordable EMIs ✔️ Two-minute loan application ✔️ Paperless documentation	3 and 60 months	16% to 36%
Money View: Personal Loan App	4.7⭐	10M+	Playstore link	✔️₹10,000 up to ₹5,00,000, ✔️100% Paperless application process ✔️No Hidden ✔️Serving more than 5000 locations across India ✔️Available in 8 Languages	3 months to 5 years	16% to 39%
mPokket: Instant Loan App	4.4⭐	10M+	Playstore link	✔️ Instant Personal Loan of upto Rs 30,000 ✔️ Cash Transfer to Bank/Paytm Account, cash loan in 2 minutes ✔️ Flexible Repayment Options, Repay in 4 Months ✔️ Rewarded for Timely Repayments	61 days to 120 days	24 %

Here are the top 10 best personal apps benifits and features

Kredit Bee

KreditBee is an online platform that simplifies loan transactions between borrowers and personal loan providers like NBFCs/Banks.
KreditBee is an inclusive Instant Loan provider where users can apply for a personal loan of up to three lakhs.
The documentation process from registration to loan disbursement is straightforward and quick and usually done within ten minutes.
All loan applications will be approved and sanctioned by the banks registered with the RBI. The loan application process is online, and upon approval, the funds are transferred immediately to the applicant’s bank account.
Kredit Bee offers different financial services:
Personal loan for self-employed owners, credit facility ranging from ₹40,000 to ₹1,50,000 for a repayment tenure between 3 to 12 months.
Flexi personal loans are instant for urgent credit needs between ₹1,000 to ₹50,000 with a repayment tenure that is flexible between 2 to 10 months.
Quick personal loans for salaried people with repayment tenure between 3 to 24 months for a credit amount of ₹10,000 to ₹3,00,000.
An online purchase loan is an e-voucher loan for wholesome shopping on e-commerce sites. The loan amount is from ₹2,000 to ₹1,50,000 with a repayment term between 2 to 12 months.
The key benefits of Kredit Bee are their low-interest rates, quick loan processing, and disbursal and collateral-free loans with easy repayment options.
Kredit Bee’s main lending partners include IIFL Finance, Poonawalla FinCorp, Piramal Finance, Vivriti Capital and more.

BFL (Bajaj Finance Limited)

The BFL app simplifies your bill payments and helps you to manage all your financial needs/relations.
Users can also apply and avail of a personal Loan, EMI card, RBL Credit Card, mobile recharge, manage insurance online, book FDs & also shop for the newest electronics & home appliances.
You can also apply and get quick approval for an instant personal loan ranging from Rs. 30,000 to Rs.25 lacs for a minimal processing fee of ₹500 to ₹2000.
This instant personal loan is done with minimal documentation for professionals & self-employed business owners at affordable interest rates ranging from 12% to 34%.
The repayment tenure ranges between 12 to 84 months.

Money Tap

Using the Money Tap app, you can borrow flexibly any amount from your line of credit.
The key benefit is that the interest rates are applied to the amount you borrow, not the entire approved limit.
They are legally compliant and well-regulated and function only with the lending entities governed by the RBI. Banking-level security control steps are undertaken to store or process the collected data.
The credit limit is applicable for a lifetime, and you can recharge it as you repay the borrowed amount, giving you the flexibility to withdraw multiple times.
You can manage and access your money at times of need without the backing of collaterals or guarantors.
They offer different types of loans covering your personal and business needs, such as marriage loans, travel, education, medical, home renovation, debt consolidation, two-wheeler loan, and many more.
The simple process requires installing and registering in the app and completing the KYC. Once approved with a single click, you can access the money, change the EMI and track your transactions easily.

Fullerton India InstaLoan app

Fullerton India’s app offers personal instant loans with the best possible deals. They prioritize the user’s satisfaction and financial security over anything else.
The loan application process and disbursement are paperless, and within a few minutes after the document verification and approval, the loan amount will reflect in your account.
The InstaLoan come very helpful during a medical emergency, wedding times, business urgency etc. are collateral free and at affordable interest rates ranging between 11.99% to 36% p/a.
Using their loan eligibility calculator tools, you can check your eligibility and EMI estimation.
For a minimal processing fee of 0% – 6%, a loan of up to Rs.25 lakhs will be granted for a tenure of 12 to 60 months.

CASHe Personal loan app

CASHe is a quick loan platform popular among young salaried people for its short and speedy loan process.
Be it a medical emergency, travel loan, education fees, or purchasing a car or two-wheeler, this instant personal loan comes as a saviour.
You just need to be a salaried employee within the age group of 23 to 58 years of age.
This collateral-free personal loan comes at a minimal interest rate of 2.75% for a tenure ranging from 1 to 18 months.
Once you download the loan app and register with the required details, you can apply for a loan amount ranging from Rs 9000 – Ra 4 lakhs.
The entire loan application and approval happens online, and within 15 to 20 minutes, the loan amount is credited to your account.

Fibe Instant Personal Loan App

Fibe instant personal loan is a modern and functional option for all your urgent needs. Without lengthy paperwork, this instant loan processing is ideal for any personal or business emergency.
With a minimal interest of ₹9/day for every Rs.10,000 borrowed, it is a viable option for loan disbursals ranging from Rs 5000 to Rs. 5 lakhs.
Their cash disbursement process is backed by the PCI DSS app, which is highly secure. You can use their 24×7 service and even apply for repeat loans any time of the day.
The instant personal loan is for a flexible tenure of 90 to 730 days without any prepayment and foreclosure charges.

Rapid rupee personal loan app

RapidRupee helps you to overcome the financial gaps that grant instant loans for both salaried and self-employed applicants.
They are the best providers of instant loans that do not ask for a credit score, and you can apply for a personal loan with just a minimum income of just Rs. 10,000.
The app offers financial solutions with low processing fees & attractive interest rates, covering you for every personal and business emergency.
With a minimal processing fee of just Rs. 349, you can take instant personal loans for an amount ranging from Rs. 1,000 to Rs. 60,000 that is approved within 30 minutes of being applied.
The loan tenure ranges from 3 to 12 months, with interest rates as low as 1% per month; you get a viable EMI option. You can even repay the loan before the due date.

Finnable app instant personal loan

The Finnable app for an instant personal loan is an exceptional choice that lends financial support at times of emergency.
It is India’s most functional personal loan app for its user-friendly interface that ensures a seamless registration and loan approval process.
The KYC submission, document verification, and loan approval are done through a paperless online procedure.
Finnable personal loan apps do not ask for any form of collateral or guarantor if the loan applicant meets the personal loan eligibility criteria.
The loan amount ranges from 50,000 to 1.50 lakh INR for a low-interest rate that starts at 1.33%, which will help you meet your financial obligations quickly.
After a quick review of the applicant’s key information, the loan is granted, and the amount is immediately disbursed to the borrower’s bank account.
Unlike other personal loan products that have some hidden costs, the Finnable personal loan app is free of these variances.
The Finnable app has made the loan repayment process easy with a nominal processing fee of 2.5% and an automatic repayment provision.

India Lends easy personal loans

The app is a one-stop solution for all your financial needs. They provide you with the best loan services that are hassle-free and quick.
For personal loans, you can also make a comparative analysis of what the other banks are offering that will help in your decision-making.
The different types of personal loans they offer are home renovation, travel, top-up, new loan, and weddings for a loan tenure of 12 to 60 months.
The loans are granted to all salaried and self-employed owners within the age group of 18 to 65 years with a credit score of 750 and above.
With a minimum monthly income, you can apply for a loan amount ranging from Rs. 15,000 to Rs.15 lakhs for a meagre interest rate of 10.75% to 25%.

Pay Sense instant personal loan app

PaySense is an android app that offers instant personal loans ranging from Rs. 5,000 to Rs. 2 Lakh for a loan tenure of 2 years.
They have partnered with India Infoline and Fullerton to offer financial services to both salaried and self-employed business owners.
For the loan application process using PaySense, download the app, check your eligibility criteria, and upload the required documents.
For a meagre processing fee of up to 2.5% of the loan amount, the loan amount will be verified and credited to your account within two working days.
There are no hidden fees or charges when you take a personal loan from PaySense, and Rs. 500 for every late EMI.

Money View personal loan app

They offer a flexible loan amount starting from Rs. 5000 to Rs. 5 lakhs without the need to procure collateral or a guarantor.
The interest rate starts at 1.33% per month with a small processing charge of 2% of the approved loan amount.
You can use Moneyview’s Personal Loan calculator to find the interest rate and the tenure, the estimated EMI, and the breakdown of your instalments.
A salaried individual between the age group of 21 to 57 years with a monthly income of Rs.13500 or more and a credit score of 650 is eligible for the instant personal loan from Money View.

mPokket instant personal loan

The app’s instant loan for students covers their usual education expenses and additional costs.
The app offers low-interest rates without long-term EMI commitments, making it popular among salaried personnel and students.
The instant personal loan for low-salaried people ranges from ₹ 1,000 to ₹ 30,000 and can be used for several personal emergencies.
With an annual interest rate of 24%, you get flexible repayment options for a tenure ranging between 61 to 120 days.

Conclusion

Study the benefits and demerits of the apps offering instant personal loans. Choose wisely according to your monthly income slab and feasible payment tenure. While some apps do not have hidden costs, they might charge you for late EMI or pre-repayment.

So, understand the rules of the game before applying for an instant personal loan to avoid being unduly charged or caught in a tricky financial situation.

NextGrowth Labs is an app store optimization company. We build lot’s of tools like app rank tracker, and various free aso tools like google play keyword autosuggest tool. We also have a lot of content written on ASO, and mobile app conversion rate

Best Instant Personal Loan Apps For Quick Cash in India – 2023

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