15 Best Online Personal Loan Apps in India

In a medical emergency or if you have run out of money for a special day, get funds online instantly with these 15 RBI approved fastest and instant personal loan apps in India, Apply online now!
Personal Loan Apps

Is it embarrassing to ask for money from your friends during month ends? Or you're planning for a loan, but the process seems lengthy? Don't worry; personal loan apps have got you covered. 

A personal loan app can get you your funds instantly and at times, even within a few minutes. They can save your day in case of medical emergencies or when you have run out of money for a big day.

All you have to do is download the app, register yourself, upload the documents and apply for the loan. Once it is approved, the funds will be transferred to your bank account or wallet.

Personal Loan Apps

Today, I have mentioned India's 15 best personal loan apps that can easily get you the money you need.

Top 15 Best Personal Loan Apps

I have noted down some very important features such as interest rates, minimum and maximum amounts, and payment tenure in bullet points. These can be your basis for comparing the apps and knowing what's best suited for your needs.

1. Money View

Money view app

Money view is undoubtedly one of the best personal loan apps in India. You can enjoy great loads of benefits it offers to its customers.

You instantly can avail of the small loans without any paperwork, ensure the safety of your transactions as well as enjoy the transparency of the app where they do not deduct any hidden charges. They give you a choice of flexible EMI options so you can have control over the interest charged.

  • Minimum loan amount- INR 10,000
  • Maximum loan amount- INR 5,00,00
  • Interest rate- varies from 16% – 39% per annum.
  • Tenure- 3 months – 5 years
  • Processing fees- varies from 2% – 8%

2. Branch Personal Loan App

Branch personal loan app

This app is easy to use as well as trusted by millions of its users. Branch personal loan app comes under Branch international financial services; an RBI registered NBFC.

You don't have to pay any late charges or rollover fees, pay office visits or give collateral. On the other hand, you get 24/7 access to their app, quick and easy signup and free credit score checks.

  • Minimum loan amount- INR 750
  • Maximum loan amount- INR 50,000
  • Interest rate- varies from 2 percent to 30 percent
  • Tenure- varies from 62 days – 6 months
  • Processing fees- 2 percent onwards

3. Smart Coin

Smart Coin

The Smart Coin is currently available in more than 18000 pin codes and thus exists in PAN India. To date, it has given over 2 million paperless loans to its 9 million users. It's easy to download and doesn't require collateral.

RBI-registered NBFCs run smart coins. It has been recognized by national and international institutions like VISA, IFC, Google's launchpad accelerator and Global inclusive50 by MetLife.

  • Minimum loan amount- INR 4000
  • Maximum loan amount- INR 1,00,000
  • Interest rate- varies from 0% – 30% per annum
  • Tenure- 62 days to 180 days
  • Processing fees- varies from 0% – 7%

4. CASHe


This personal app is exclusively for salary professionals. You can save the embarrassment of asking your friend for the money at the end of the month. Simply use CASHe and get going. Not only do you get a range of personal loans but also shopping loans.

It allows you to purchase your product and then pay later. This buy now and pay later scheme can be used on Amazon, Flipkart, Apollo Pharmacy, Big Bazaar, Uber and Myntra. 

  • Minimum loan amount- INR 1000
  • Maximum loan amount- INR 3,00,000
  • Interest rate- 30.42% per annum
  • Tenure- 3 months – 12 months
  • Processing fees- 1.5% or INR 500, whichever is higher

5. mPokket


MPokket is best suited for students and salaried professionals. Today it has more than 1.5 crore Indian users. Once you receive the approval, the amount will be instantly credited to your bank account or Paytm wallet.

The loans are given by mPokket financial services private limited. It is an NBFC registered with the RBI.

  • Minimum loan amount- INR 500
  • Maximum loan amount- INR 30,000
  • Interest rate- 0% to 4% per month
  • Tenure- 61 days to 120 days
  • Processing fees- INR 50 – INR 200

6. Early Salary


Early salary is an innovative and user-friendly app for salaried professionals. They let you enjoy flexible repayment tenure and do not apply charges for prepayment. It has already disbursed 1.7 million loans to date, which add up to more than INR 3000 crore.

Most of these loans are approved and credited to you in ten minutes. It offers various loans such as short term and long term personal loans, free education loans, salary cards, etc.

  • Minimum loan amount- INR 8000
  • Maximum loan amount- INR 5,00,000
  • Interest rate- 0% to 30% per annum
  • Tenure- 90 days to 24 months

7. Truebalance


TrueBalance app is trusted by more than 75 million users in India. Not only does the app give you loans, but this app also lets you earn money from home, recharge, book tickets and more—pan-Indian access. You have 24/7 access to your personal loans and also get to extend the repayment term multiple times.  

  • Minimum loan amount- INR 5000
  • Maximum loan amount-  INR 50,000
  • Interest rate- 5% to 9%
  • Tenure- 62 days to 116 days
  • Average percentage rate – 60% to 154.8%
  • Processing fees – 3 percent

8. Bajaj Finserv

Bajaj Finserv

Bajaj Finserv is amongst the well-known apps in India. It has recently launched a package of features such as bill payments and mobile recharge, Bajaj Finserv wallet, easy UPI payments, the best discount on the monthly bill and an expense manager. You need to apply for an instant loan, and you'll get approval with this app. 

  • Minimum loan amount- INR 30,00
  • Maximum loan amount- INR 25,00,000
  • Interest rate- 12% to 34%
  • Tenure- 12 months to 84 months
  • Processing fees- INR 500 – INR 2000

9. KreditBee


Kredit bee has already formed a community of 5 crore people. You can easily avail your loan in a few minutes and meet your financial needs.

They work with only RBI-certified NBFCs who guarantee on being transparent. You also enjoy flexible payment options, which can vary your interest from 0% to 29.95% p.a.

  • Minimum loan amount- INR 1000
  • Maximum loan amount- INR 1,00,000
  • Interest rate- 0% to 29.95%
  • Tenure- 62 days to 15 months
  • Annual percentage rate – 22.9%

10. Kissht


If you own a small shop or business, Kissht is what you might be looking for. You can easily avail of loans so you can purchase your inventory and return the amount at low-interest rates.

The app also allows its users to scan and pay bills for electricity, gas, fast-tag and post-paid bills. It offers two kinds of credits, that is, revolving credit and instant credit to small business purchases. 

  • Minimum loan amount- INR 10,000
  • Maximum loan amount-  INR 1,00,000
  • Interest rate- 14% to 28% per annum
  • Tenure- 3 months – 24 months
  • Processing fees- 2% to 5%

11. IDFC First Bank

IDFC first bank

IDFC bank stands among trusted and well-known banks in the country. This app can get you funds for home renovation, debt repayment and even medical emergencies, business, wedding, vacations or any other personal expenditure. These loans are based on EMI and do not require collateral. 

  • Minimum loan amount- INR 20,000
  • Maximum loan amount- INR 40,000
  • Interest rate- 10.49%
  • Tenure- 12 months to 60 months
  • Processing fees- approximately 3%

12. Buddy Loan

Buddy Loan

With a buddy loan installed in your phone, you can apply for instant loans, search and apply for your dream job, explore lots of deals and also bag exciting offers. It is secure and ensures that you aren't out of money when you need them the most.

You are free to use your funds to meet any of your financial needs as they believe in a no-questions-asked policy.

  • Minimum loan amount- INR 10,000
  • Maximum loan amount- INR 15,00,000
  • Interest rate- 11.99%
  • Tenure- 6 months to 5 years 
  • Annual percentage rate – 36 percent

13. Moneytap


MoneyTap charges you interest only on the amount you've withdrawn from your wallet. All you have to do is log in to the app, enter the required information and upload documents, complete KYC and get the money transferred to your bank account. They are currently available in more than 85 cities across the country.

  • Minimum loan amount- INR 3000
  • Maximum loan amount- INR 5,00,000
  • Interest rate- 13 percent p.a
  • Tenure- 3 months – 3 to 36 months
  • Processing fees- approx 2%

14. NAVI


Navi is an app that provides loans as well as health insurance. All its personal loans are disbursed by Navi finserv limited. It is a non-deposit taking NBFC regulated by the RBI.

The personal loans are 100 percent digital and give you the flexible loan and EMI options. You can quickly get an instant transfer to your bank account. You can get personal loans, home loans, mutual funds and health insurances on NAVI.

  • Minimum loan amount- INR 5000 
  • Maximum loan amount- 20 lakhs for personal loans 
  • Interest rate- 9.99% to 45% per annum
  • Tenure- 3 months to 72 months
  • Minimum household income – INR 3,00,000

15. Paysense


Paysense is present in more than 180 cities in India. It has already given out 1 lakh loans in the past 12 months. It's a two-minute loan application, paperless documentation, and has convenient and affordable EMIs as well as interest rates. You also get an EMI calculator in this app to track what you'll pay.

  • Minimum loan amount- INR 5000
  • Maximum loan amount- INR 5,00,000
  • Interest rate- 16% to 36%
  • Tenure- 3 months to 60 months
  • Prepayment allowed after 6 EMI payments


So, here ends the list of the 15 best personal loan apps in India. If you are confused as to what to look for in a good app, you can refer to the following list:

  • Low-Interest rates
  • Good rating and reviews
  • Maximum and minimum amounts availed
  • It should be regulated by RBI
  • Low processing fees
  • Customer support
  • user-friendliness

There are going to be different features for your different needs but this is a broad list you can use to compare the apps. Beware there are certain fraudulent apps which can empty your bank account.

Therefore, it is pretty important for you to check these apps before attaching your bank information to them.

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