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List of the best instant personal loan apps in India

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Do you require immediate funds? It is possible that borrowing money from a buddy is not a great idea. Instant loan applications may be the answer to your need for rapid cash in an urgent situation. To acquire a line of credit, you must first install one of these apps from the Playstore/Appstore and then complete a brief registration process that includes a documentation review.

After examining different private loan apps, we have compiled the top quick loans apps in India so that you can determine what app will offer you an immediate bank loan with the least amount of fuss.

Get to know about Instant Loan Apps and how do they work

It is possible to find yourself in a scenario where you require finances immediately. You may require immediate money assistance for a variety of reasons, including medical emergency, the purchase of a major asset, vehicle or house maintenance costs, travel or marriage expenses, or any other unforeseen circumstance. But what happens if there is a shortage of time? Indian banks already require a significant amount of time-consuming paperwork. Instant lending apps come in handy in this situation.

Instant loans are loans that do not necessitate the submission of a large number of documents. They are ratified in a short period, and this is without the use of any assets. Comparatively speaking, the method of rapid loans is incredibly seamless, simple, and less time-consuming than the process of traditional banks.

Instant loan apps are mobile applications that provide the opportunity of quick loans to their users on their smartphones. Obtaining credit from one of these apps is as simple as clicking a button and takes only just a few minutes to complete. You are not required to use conventional financial institutions.

Instant Loan Apps provide the following features:

  • Its period ranges from 62 days to one year, making it a short-term loan.
  • The loan amount ranges from INR 10,000 to INR 5,00,000.
  • You can apply for these loans from any location, including your workspace.
  • The request is approved on the same day it is submitted.

Eligibility Criteria for submitting an application for an Instant Loan

  • If you want to apply for a fast loan in India, the most important criteria is that you’re a legal resident of the country.
  • You should also be employed as a salaried employee by a legally recognized corporation.
  • The applicant’s age should be between 23 and 58 years old at the time of the loan application.

Aside from that, there are no further requirements for the loan applicant to meet. As a result, anyone can take advantage of the immediate lending facility, regardless of whether or not they have a guarantor or a good credit history.

Best 5 Instant Loan Apps in India:

1) Money View Loans

Money View’s personal loan app allows you to apply for a personal loan in 2 mins and get the money in 24 hours. The application process for a personal loan with Money View is completely digital, quick, simple, and customizable. Money View has advanced fast in recent years, and it is presently accessible in different Indian cities.

  • The application enables you to obtain a credit for a sum as low as Rs.5,000 up to 5 lakhs.
  • Money View offers a repayment schedule that ranges from three months to five years in length.
  • Based on your eligibility, the loan amount will be deposited into your banking account in 24 hours once you submit the required papers to your loan account.

2) Indiabulls Dhani (Indiabulls)

A personal loan can be applied for at any time and from any location. An instant loan of up to Rs.15 lakh can be transferred directly into your bank account. The interest rate starts at 13.99 percent and rises as the amount of money borrowed increases. Only your Address Proof and Aadhaar card are mainly required for a personal loan application using the Dhani app, which offers minimal eligibility and documentation requirements. The lean interface is designed to provide the most straightforward and immediate personal loan disbursements experience possible with the least amount of documents.

  • The Dhani App allows you not only to seek a personal loan at the lowest interest rate, but you can also see to your loan account, make payments, earn Dhani points, and perform a variety of other tasks all from the convenience of your smartphone.
  • For free, you can download the Dhani loan app, enter your Aadhaar card number and the amount of the loan, and you will receive the money in your account immediately after.
  • If your documents are validated, you will receive your loan funds in your bank account almost immediately after submitting them.

3) MoneyTap

Instant lending apps such as MoneyTap are quite popular in India, and it is one of the most widely used. In collaboration with banks and NBFCs to provide you with the greatest service available among all the others in the market. MoneyTap offers quick acceptance for an amount of up to Rs.5 lakh, with no documentation required. Additionally, you can get as low as INR 3000 up to the full amount of your approved credit limit. In addition, you will only be charged interest on the amount you actually use. You must download and register the MoneyTap app once the KYC documentation has been completed to receive final approval.

  • There is a minimum loan amount of INR 3000 and a maximum loan amount of INR 5, 00, 000 available.
  • There is a wide range of EMI terms available, right from 2-36 months
  • An online loan approval process that does not require any paperwork.
  • In an emergency, you can get cash right away.
  • You can get authorized for a personal loan in as little as 4 minutes if you use the online application.
  • You have the option of selecting pretty much any amount from the pre-approved loan amount based on your income and credit score.

4) Paysense

Paysense is one of the most effective methods of obtaining a personal loan in India. It is possible to apply for an instant personal loan on both mobile applications and websites. Salaried and self-employed can use these platforms to do so. If all of the documentation you submit is in order, the loan approval process will be completed in a short time. Borrow money with no collateral and variable interest rates for a personal loan ranging from Rs.5000 to Rs.5 lakhs.

  • The UI is straightforward and simple to use.
  • PaySense is a loan application process that takes under two minutes.
  • The entire process takes place online and without the use of paper.
  • There is a minimum loan amount of INR 5,000 and a maximum loan amount of INR. 5,00,000.
  • There are no processing fees associated with getting a loan approved.

5) Pocketly

Pocketly, the relatively new addition to the category, provides quick cash “whenever and wherever, everywhere!” The company is the latest addition to our list and offers “pretty much any time, everywhere!” service. When it comes to immediate lenders for Students studying, the app is the undisputed champion. Youngsters can depend on the system for their basic costs such as course fees, leisure activities, and pocket money, among other things.

  • Pocketly is an application accessible on the Google Play store that allows you to obtain rapid money loans which may be returned in convenient installment with no lower limit with a single click.
  • The credit payback period is around 1 to 3 months, with a rate of interest of 1 to 3 percent per month being charged on the outstanding balance.
  • A perfect app for students who usually get their loan requests rejected by most other apps.

Related Articles: Best Instant Personal Loan Apps in India


We hope that you would have understood the various kinds of instant loan apps available out there that you can start using right from the very next second also. These were some of the top and trusted picks, which have been personally verified from our end, so as to ensure that none of our readers fall into any kind of financial trouble. After all, at the end of the day, people become very concerned, when it comes to dealing with money.