4,80,000 people visited this section in last 30 daysApply Online

Get Cashback of Upto ₹ 1,000* on Personal Loan Apply Online

MyLoanCare Customer Ratings - 4.5/5.0 Apply Online

Best Personal Loan Apps in India

Instant Personal Loan Apps

Last Updated 17th Oct 2021

  • Interest rates on personal loan apps range between 12% to 36%.
  • Instant personal loan apps give a minimum loan of ₹ 1,000 and a maximum of upto ₹ 10,00,000.
  • The processing fee charged on the personal loan through these apps is Upto Rs. 3,000.
  • The loan can be taken for a tenure of upto 60 Months.
  • App loans are offered with a credit line or overdraft facility to enable easy part payment. You can also pay interest only on the loan amount used.
  • Some of the best instant loan app in India that offer an instant loan are MoneyTap, Paysense, EarlySalary.
  • Apply for an instant personal loan via an app and get the loan within the shortest time.
Apply for Personal Loan @ 10.25%* Get upto ₹ 1,000* Cashback

List of Best Instant Personal Loan Apps in India Oct 2021

App Interest Rates Loan Amount Processing Fee
Finnable Personal Loan App 18.99% ₹ 50,000 to ₹ 10 Lakh 4%
Kreditbee Personal Loan App 12.24% ₹ 1,000 to ₹ 2 Lakh Rs. 130 - Rs. 850
Cashbean Personal Loan App 33% ₹ 1,500 to ₹ 60,000 Upto Rs. 3,000
Cashe Personal Loan App 12% ₹ 10,000 to ₹ 2 Lakh Rs. 500 - Rs. 2250
NIRA Personal Loan App 24% ₹ 5,000 to ₹ 1 Lakh Flat Rs. 500
MoneyTap Personal Loan App 13% ₹ 30,000 to ₹ 5 Lakh 2% + GST
Paysense Personal Loan App 15.96% ₹ 5,000 to ₹ 5 Lakh 2.5% of the loan amount + GST or ₹ 500 + GST (Wh
Loantap Personal Loan App 12% ₹ 50,000 to ₹ 10 Lakh 2% on loan amount
Early Salary Personal Loan App 24% ₹ 8,000 to ₹ 5 Lakh Rs. 399, 50% off on Processing fees Max 300 off

Online Loan App for Instant Personal Loan

Applying for a personal loan through an app has changed how you can get funds online at fairly low interest rates. Loan applications have emerged as a preferred choice if you are looking for immediate funds with little paperwork. Personal loan apps not only allow you to submit an online loan application but also help you complete the entire loan process digitally and get quick loans in a convenient manner.

With MyLoanCare.in, you can apply for a personal loan in a few simple steps and connect with the lender of your choice. You can analyze and compare various personal loan deals offered by top personal loan applications in India. We work closely with our partner banks and apps to get the best loan offers, attractive discounts and lower interest rates for you.

Need Cash Urgent

Features and Benefits of Instant Loan App

Instant Loan applications allow you to avail ample funds in a few clicks and with no or minimum paperwork. To avail of a loan, all you need is an internet connection, and the funds will be transferred to your account in no time. Here are some of the features and benefits of instant loan applications:

  • Instant Credit of Cash: As mentioned above, you can avail funds from these apps instantly in a few hours.
  • Paperless: With instant loan applications, as you apply for a personal loan online, you need to upload your documents online, thus requiring no physical paperwork.
  • Collateral-Free Finance: These apps provide funds without any requirement of security or collateral.
  • Digital Process for tracking status: One of the biggest advantages of these apps is that you can track your loan application online, along with application, verification and disbursement of funds.
  • No End-Usage Restrictions: Further, there are no end-usage restrictions on the use of funds that you have availed through the instant loan apps.
  • Avail Finance 24*7: These apps allow you to avail funds 24*7 at competitive rates.
  • No Credit History Required: Finally, most of these apps do not require any credit history or proof to provide a personal loan.

How to Apply for a Personal Loan through App?

Getting a personal loan through instant personal loan apps is quick and takes a few seconds for approval. You need to follow the following steps to get a loan through these apps.

  • Step 1 : Register for instant personal loan applications such as MoneyTap, Paysense and Early Salary etc.
  • Step 2 : Fill in the essential personal and bank details.
  • Step 3 : Based on your eligibility, an amount will be approved.
  • Step 4 : Submit KYC and bank statements.
  • Step 5 : After verification, the loan amount will be transferred to your bank account.

Personal Loan Eligibility Criteria for Online Loan App

To avail funds from online loan applications , you need to fulfill the basic eligibility criteria as mentioned below:

  • Age: The minimum and maximum age to avail Personal Loan from online loan applications is 21 and 60 years.
  • Income: To avail funds from these apps, you should have a minimum income of ₹ 12,000. There are some apps that may have higher requirements for income.
  • Loan Amount: Online Loan Apps provide loan amounts ranging between ₹ 1,000 to ₹ 10,00,000 respectively.
  • Occupation: Both salaried and self-employed individuals and professionals can avail of digital loans from these apps.

Documents Required for Personal Loan Apps

Personal loan apps provide instant loans with the following minimal documents.

  • Aadhaar card
  • A photograph
  • Bank account details and statements
  • KYC form


Which is the best personal loan app?

Amongst a number of Personal Loan Apps, Cashe is the best app based on interest rate, as it offers the lowest rate on personal loan of 12%. Besides these apps, banks like SBI, HDFC, Axis Bank also have their online loan apps, wherein ICICI Bank offers the lowest personal loan rate of 10.25%.

What are the top RBI Registered Loan Apps?

Some of the top app RBI registered personal loan apps in India are MoneyTap Personal Loan, Paysense Personal Loan and Early Salary Personal Loan

How can I get a quick easy loan?

Download the MyLoanCare app from the playstore. Fill in the required details and apply for a personal loan. Get digital assistance from an expert for your personal loan application. If you are looking for small funding up to ₹ 10 Lakh, you can apply for a personal loan with instant apps.

How easy is it to get approved for a loan application?

Salaried employees with a monthly salary of ₹ 20,000 and above and a credit score of 650+ have a good chance of getting a loan through any bank, including all popular loan apps. However, banks may also look at other factors such as past work experience, existing relationship with the bank and mode of receiving the salary. To avail loan from personal loan apps, you need to have a minimum age of 21 years and can avail a maximum loan amount upto ₹ 10 Lakh for a tenure ranging from 12 Months to 60 Months.

How can I get a small loan fast?

You can get a small loan fast in the following ways, (i) You can apply for a loan on any quick loan app. Such apps check your eligibility immediately and give you instant application status in a few minutes. (ii) You can also consider asking for a loan from family or friends.The credit card provides the quickest loan. (iii) You can consider getting a credit card as well for a fast small loan.

How can I get a ₹ 50,000 loan fast?

You can get an instant personal loan of ₹ 50,000 by applying for the loan using a mobile application like Kredit bee, Cash bean, Cashe, NIRA, Money Tap, Loantap, Paysense and Early salary. These apps offer the facility to avail funds easily and quickly at a fairly low interest rate.

How can I get a ₹ 20,000 instant personal loan?

Mobile applications like Kredit bee, Cashbean, Cashe, NIRA, Money Tap, Loantap, Paysense and Early salary offer the facility of providing an instant personal loan of ₹ 20,000. For this, Register for the personal loan application, check your eligibility for the personal loan, and fill in the relevant personal info and bank details. The loan amount will be instantly transferred to your bank account.

Can I get a ₹ 20,000 instant personal loan through apps with bad credit?

An instant personal loan requires a CIBIL score of a minimum of 650. However, there are still some apps like Kredit bee, Cash bean, Cashe, NIRA, Money Tap, Loantap, Paysense and Early salary, which may offer an personal loan instantly of ₹ 20,000 with a low CIBIL Score.

Where can I get a personal loan immediately?

There are many mobile applications that offer instant small personal loans online with no paperwork at rates starting at 12%%. Some of the top RBI registered instant loan applications are MoneyTap, Early Salary and Paysense. Apart from that, you can apply for personal loan at MyLoanCare and can compare offers from a number of leading apps, and can choose the one that is best for you.

How to get an instant personal loan?

You can apply for an instant personal loan online through the mobile app or at MyLoanCare. The process is completely digital and can be completed through minimum documents.

Can I get an instant loan without documents?

No, instant loan applications require you to submit minimum documents online. These documents include an Aadhaar card, a photograph, Bank account details and statements and KYC form.

How does an instant loan app work?

You can avail personal loan by downloading the app on your smartphone. Once you have completed the basic registration process, enter details like name, number, address, bank account and loan details like loan amount and tenure. Now submit the required documents from your smartphone. The instant loan app will then review your request. You can check your loan status on the app. Once the loan is approved, the amount is transferred to your savings account within a few minutes.

MyLoanCare Assurance

Bank Neutral Advice
No Unsolicited Call
Free Service and
Quality Response
Digital Doorstep Services
Delivery in 1100+ Cities
Attractive Cashback

Notification ×
  • Home Loan

    Home Loan at all-time low rates starting at 6.50%. Cashback of up to ₹ 1,000

    Apply Now
  • Personal Loan

    Instant Personal Loan starting at 10.25% with Cashback of up to ₹ 1,000.

    Check Offers
  • Gold Loan

    Instant Gold Loan starting at 9.00% with Cashback of up to ₹ 500

    Apply Now
  • Loan Against Property

    Best Loan Against Property Offers starting @ 6.90%. Cashback of up to ₹ 1,000*.

    Apply Now
  • Business Loan

    Collateral Free Business Loan Rates starting at 14.00% with Overdraft facility.

    Apply Now
  • Fixed Deposit

    AAA rated FDs with returns as high as 6.95%.

    Invest Now
Personal Loan News - Oct 2021
  • 2021-10-14 : Zavron Finserv Launches Instant Personal Loan Application
    Zavron Finserv- a non-banking financial institution- has introduced an instant personal loan application. This App will help customers to take loans instantly within few minutes that too from their mobile phone. A loan for a minimum of Rs 10,000 and a maximum of Rs 2 lakh is available.
  • 2021-10-13 : Early Salary Introduces Dussehra Offers
    Early Salary has announced the Dussehra offer on personal loans by 50% off on processing fees. The interest rate charged by the instant mobile application is Rs. 9 per day.
  • 2021-10-12 : Axis Bank Has Launched Open API For Customers
    Axis Bank unveils open APIs (Application Programming Interface), these APIs will help retail and corporate customers/ partners to use banking services integrated across partner platforms. This banking portal has retail as well as corporate products like loans, accounts, deposits, payments, trade, collections and bills.
  • 2021-10-11 : Punjab National Bank Introduces 6S Campaign
    Punjab National Bank (PNB) has launched the 6S Campaign. The campaign consists of schemes like Swabhiman, Samruddhi, Sampark and Shikhar, Sankalp and Swagat. The objective of the campaign is to spread awareness about the development of financial services and accelerate credit growth, improve penetration of social security schemes and drive digital banking push.
  • 2021-10-07 : Bank of Baroda Decreases Personal Loan Rates
    Bank of Baroda has decreased personal loan rates by 25 points to 9.75%. Earlier the personal loan started at 10.00%.
*Terms and conditions apply. Credit at sole discretion of lender, which is subject to credit appraisal, eligibility check, rates, charges and terms. Information displayed is indicative and collected from public sources. Read More
Please wait while your information is being processed...