12 Best Instant Loan App In India in 2022

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12 Best instant loan app in India in
Best instant loan app in India

Best instant  loan apps in India 2022

In digital India, many instant personal loan apps are available on the google play store, which you can use in case of personal loan need.

Earlier, if anybody required a loan, he had to approach a bank. Loan approval rates of banks are meager, and formalities are very high.

These days many private banks & NBFCs are providing quick loans.

And from them, there is no restriction on how you like to spend money; additionally, the loan borrowing process becomes an online process.

application and disbursal of loans become easy and quick as the whole process is online only

Document required for instant personal loan app

If you want to take a loan, you will need some documents. So here we are listing all the documents you will require to take a loan from instant personal loan apps.

You will need it for almost most apps. Below is a list of documents required

  • Salary slip
  • Aadhar card
  • Photograph
  • KYC form
  • Bank statement & details

Benefits of using instant personal loan apps

  • Online and easy approval
  • Fast disbursal
  • Use loan amount as you want
  • No collateral attached
  • No credit history required
  • Saves time

also read:

Best instant personal loan apps in India

  1. Kredit bee

Kreditbee is an instant personal loan app. It provides instant loans from 1000 to 300000 lakhs.

Loan application is a completely online process. From registration to disbursement Whole process takes around 15 min.

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If you are salaried, you can get a loan at discounted rates. The rate of interest for the salaried person is 1%

Kredit bee acts as an intermediary that connects regulated lenders to loan seekers

Various loan products available on this platform are

  • Flexi personal loan – you can take a loan of up to 100000
  • personal loan for a salaried person- if you are a salaried person, you can take a loan up to 3 lakh under this

At a glance

  • Loan amount– 1000 to 300000 lakh
  • Loan period – 62 days to 15 months
  • Interest rate 0-2.49% per month
  • Age- 21 years must

2. MoneyTap

MoneyTap is another instant loan app that you can try to get loans in India.

You can get up to a 5 lakh loan from MoneyTap.

MoneyTap partnered with reputed banks and NBFCs like RBL bank & others.

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You can take a loan here for any of your needs like a medical loan, travel loan, car loan, or education loan

You can take a loan and spend money on whatever you want. After loan approval, you get money transferred to your bank account

At a glance

  • Loan amount–3000 to 5lakh
  • Loan period – 2 months to 3 years
  • Interest rate – 15% -18%

3.Pay sense

Pay sense is another get instant loan app in India. Get an instant personal loan from 5000 to 5 lakh from pay sense.

You can take a loan from here even if you have zero credit history or no CIBIL score

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You can get an instant online personal loan in just three simple steps.

You can take the loan for any of your needs from here.

Pay sense is partnered with many banks and NBFCs like IIFL, Fullerton India, and IDFC’s first bank. It acts as an intermediary between you and these banks

At a glance

  • Loan amount– 5000 to 5 lakh
  • Loan period – 90 days to 5 years
  • Interest rate – 16 to 36% on reducing balance
  • Age- 21 to 60 years

4.Money view

Another app to take an instant loan in India. You can raise a loan from 5k to 5 lakh in a few minutes.

As Self-employed or salaried, you can apply for a loan here.

But you cannot apply here if you have a CIBIL score below 600.

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The application process is 100% paperless, and there are no hidden charges

You can get an instant loan within 24 hours of application

At a glance

  • Loan amount– 5000 to 5 lakh
  • Loan period – 3 to 60 months
  • Interest rate – 16% annually / 1.33% per month
  • Age- 21 to 57 years

5. India lends

Another instant loan app that offers loans at the lowest rates. Gold loans are also available with India lends.

India lends offers hassle-free personal loans and credit cards through partners like banks and NBFCS.

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This company India lends has lots of big banking parters like HDFC, SBI, Kotak, and many others. They have collaborated with more than 40 banks

At a glance

  • Loan amount – 15000 to 50 lakhs
  • Loan period – 3 to 60 months
  • Interest rate – starting from 10.75 %

6. Nira instant personal loan app

Nira is another excellent personal loan app that you can download from the google play store.

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Nira offers personal loans of up to 100000. only if you are eligible, You can apply without a credit score.

It’s a personal loan app where you can get an instant loan in just 3 minutes

At a glance

  • Loan amount – up to 1 lakhs
  • Loan period – 3 to 12 months
  • Interest rate – 2.0- 3.0 per month
  • Age- 21 to 55 years of age

7. Cashe

CASHe is another credit lending app from which you can take personal loans for all your needs.

You can get a loan even if you have no CIBIL score.

CASHe is an app from aeries financial technologies Pvt. Ltd. From this platform, you can get credit in minutes.

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Loan available from 1000 to 4lakh for 90, 180,270 days to 1 or 1.5 years

CASHe has a unique social loan quotient (SLQ) technique to measure if you are eligible for a loan or not

At a glance

  • Loan amount – 1000 to 4 lakh
  • Loan period – 90, 180,270 days to 1 or 1.5 years
  • Interest rate – 2.255%-2.50% per month
  • Age- 21 to 60 years of age

8. mPokket

mPokket is an instant loan app for students and other people. As a college student, you can take up to rupees 20000 loan from this app.

So if you are a college-going student and above 18, you can try this app

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Other than student loans, they have several different types of loans like short-term loans, easy loans, quick loans, cash loan

These all are types of loans they offer, not only to students. This app also provides loans to salaried people

At a glance

  • Loan amount – 500 to 30000
  • Loan period – 61 to 120 days
  • Interest rate – 2-6% per month
  • Age- 21 to 60 years of age

9. Navi

Navi is founded by sachin bansal. Sachin Bansal is the same guy who founded Flipkart and later sold it to Walmart. Navi is his new venture.

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Navi is not only a digital personal loan lending app, but you can also get a home loan and health insurance from this app

On the Navi app, you can also take a loan for your home for up to 10 crore

At a glance

  • Loan amount – up to 20 lacs( personal loan), Ten crores for a home loan
  • Loan period – 3 to 72 months
  • Interest rate – 9 to 45% per annum
  • Minimum household income – 300000

10. Smart coin

The smart coin is an instant loan app that you can use for your small loan needs. This app is available on the google play store.

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At a glance

  • Loan amount – 4000 to 1 lakh
  • Loan period – 62 days to 180 days
  • Interest rate – 20-36%

11. Buddy loan

Buddy loan is another personal loan app. On this app, you not only can take a loan but can also do other things like job search and find deals & offers.

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You can take a loan from here for business, marriage, travel, education, car, or home.

At a glance

  • Loan amount – 1000 to 15 lacs
  • Loan period – 6 months to 5 year
  • Interest rate – starting from 11.99% per annum

12. Home credit personal loan

The home credit instant personal loan app is one of the best loan app for small needs.

Home credit India is a part of the home credit group operating in more than nine countries. This company was founded in 1997

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Home credit has its presence in the Czech Republic, Indonesia, Philippines, Slovakia, Russia, Kazakhstan, China, Vietnam

At a glance

  • Loan amount – 5k to up to 5 lacs
  • Processing fees – 2 to 5%
  • Loan period – 3 to 51 months
  • Interest rate – 18 – 56% annually
  • Age – 19-68 years

13. Dhani

It’s an excellent loan app to get loans & disburse loan amounts quickly to your bank account.

It started as a drugstore and then later turned into financial services.

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You can apply for the loan on Dhani. The entire process is online & requires minimal documentation. No processing fees and hidden charges

At a glance

  • Loan amount – 1000 to up to 15 lacs
  • Processing fees – no
  • Loan period – 3 to 51 months
  • Interest rate – 10% to 13.99%

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