Top 10 Loan Apps in India

By: Bhavya Kaushik0 comments

List of Top 10 Loan Apps in India – 

  1. InstaMoney

A leading Instant Personal Loan App used by 2 Million+ users in India. And with over ₹ 1 Billion (₹ 100 Crores) disbursed in loan amounts already disbursed. It’s the largest number of personal loan providers. Operational throughout India in all 28 states and 8 union territories.

InstaMoney provides loans with a 100% online process. This easy application process with only 4 documents required – Selfie, PAN card, Aadhaar Card/Address ID proof and a Bank statement. The application is processed very quick, the cash is transferred to your bank account in 10 minutes to max. 2 hours. One can get advance salary loans or any other loan for that matter at 24%-35.88% p.a. translating to 2% – 2.99% a month. And, InstaMoney has the lowest processing fees ranging between 0% – 5% of the amount used. 

You must be a salaried individual and an Indian citizen. Between the age of 21 – 45 years. Minimum take-home salary per month ₹ 12,000 to get an InstaMoney loan.

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EarlySalary is an innovative lending platform that will change the way loans in India are taken. Being a new-age online brand, they bring together new credit scoring systems for superior customer profiling. EarlySalary has got you covered when the next payday is far away. A special personal loan app for salaried professionals, this app provides a loan amount up to INR 1, 00, 000 for all your needs. 

The Pune-based fin-tech start-up also allows you to pay back the loan in easy EMIs within 50 days. The minimum loan amount: is Rs. 1000 and max Rs. 2,00,000. They provide Instant transfer to banks with no-prepayment charges.

  1. Cashe

Instant loans for instant gratification. They provide quick loans to salaried individuals like yourself, to fulfill each and every one of your needs! Loans are disbursed for 2 months, all the way up to a year, depending upon your needs.CASHe ensures that cash is made possible, whenever, and wherever! They offer a wide variety of loans ranging from Rs 9,000 to Rs 3,00,000 with a repayment tenure of up to 1 year. A Loan that serves all your needs, can be used for many purposes. It also secures your loans with hassle-free group insurance policies.

  1. Moneytap 

Money Tap has a unique feature called “no-usage-no-interest,” which makes it stand out from the rest of the apps. This simply means that you are charged interest only on the amount of money used. All you need to do is download the app and upload the necessary documents. Once you get the approval, you are given a credit line, which you can use according to your needs. 

You need to earn a minimum of INR 20,000 a month to be eligible for a loan. The minimum loan amount is Rs. 3,000 to max Rs, 5,00,000. And you can withdraw as little as Rs. 3,000 up to your full approved limit. 

  1. Paysense 

PaySense’s instant personal loans help you enjoy life fully, without holding back. Whether you are dreaming of an international vacation, a perfect wedding, buying the latest gadget in the market, undertaking a home renovation or anything else – our personal loans can help you realize all your dreams. Instant personal loans from PaySense offer an easy and quick solution to meet all your financial needs – big or small. Get instant personal loans from ₹5000 to ₹5 lakh to fit all your needs and dreams. Get prompt loan approval and money in your account. 

  1. Bajaj Finserv 

Bajaj Finserv offers personal loans that are instantly approved and disbursed within just 24 hours. These collateral-free loans and comes with unrestricted end-use. You can apply for a personal loan of up to Rs. 25 lakh from Bajaj Finserv and get instant approval with minimal documentation. Borrow your amount without pledging any collateral and get your loan disbursed in just 24 hours. 

  1. Kreditbee 

KreditBee is an Instant Personal Loan Platform for Young Professionals, where they can apply for Personal Loan Salaried up to ₹ 2 Lakh as per their requirement. The documentation is very minimal, and the entire process starting from registration to disbursement does not take more than 15 minutes. The application process is completely online, and on approval, the cash is immediately transferred to the bank account of the user. 

Instant Personal Loan up to ₹2 lakh for 62 days to 15 months at 0-2.49% per month. The loan amount ranges from ₹1,000 to ₹2,00,000. The tenure is 62 days to 15 months. And the Interest rate (APR) ranges from 0%-29.95% per annum depending on the risk profile of the customer and product availed.

  1. Dhani 

Get instant money for all your needs with Dhani Credit Line. You can avail of the credit line using the Dhani app in just over a few clicks. The process is entirely online & paperless. Dhani Credit Line is a low-cost loan, you pay only the interest component of your loan every month and principal to be paid after a few months. Get money in 3 minutes. No more waiting in long queues for your financial needs. Get money instantly from the comfort of your home. No principal payments for the first few months Pay only the interest component of your EMI every month and principal after a few months.

  1. Indialends 

IndiaLends was built with one mission: to give equal financial access to all. We’ve already helped millions receive financial products. But we’re just getting started. We collaborate with the best and biggest in the banking & financial world to get you relevant products at great rates. Get a customized loan up to ₹50 lacs at interest rates starting 10.75% for a tenure ranging from 1 year to 5 years. Reliable and instant with minimal documentation. Get money credited into your bank account in 24 hours.


SmartCoin is an app-based lending platform that connects borrowers with NBFCs/Banks. All loan applications are sanctioned & approved by NBFCs/Banks registered with RBI and their details are shown upfront during Loan application. Details are also available in the Loan Agreements. Loan range from ₹4,000 to ₹ 1 Lakh. The tenure is 62 days to 180 days. Interest rates range from 0%-30% depending on the risk profile of the customer and product availed.

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