Top 27 Best Instant Personal Loan Apps in India January 2023

Getting a personal loan can be a daunting task, especially when you don’t have a good credit history. You may find that banks and other financial institutions won’t accept your application for a loan. You may also think that it will take days or weeks to get an answer from the bank, which is not always the case with these mobile apps. With these mobile apps, you can apply for loans from the convenience of your phone. So, how do you get one? Simply download one of these apps and register for an account with your email address and a password. Once you log in to the app, you’ll be able to complete your application form by inputting information about yourself as well as any information about your need for a loan (amount needed, purpose of loan). Once completed, submit it and wait for a response from the lender. It’s that easy!

Here is an overview of the top instant RBI Approved Personal Loan Apps in India(पर्सनल लोन बैंक लिस्ट 2022) 2022:

PaySense
CASHe
EarlySalary
Nira
KreditBee
Credy
mPokket
Dhani
Bajaj Finserv
MoneyTap
FlexSalary
MoneyView
PayMe India
SmartCoin
StashFin
HomeCredit
ZestMoney
IDFC First Bank
LoanTap
Fullerton India
LazyPay
IndiaLends
CashBean
RupeeLend
AnyTimeLoan
Mobikwik

1) Paysense:
PaySense, one of the best instant RBI approved loan apps in India and the world, has both an app and a website where salaried professionals and self-employed individuals can apply for instant personal loans. The minimum salary to get a personal loan is ₹ 18000 per month. Self-employed individuals who earn more than ₹20000 every month can borrow from PaySense as well.

2) Cashe –
CASHe can provide you with the funds that you need in a time of emergency or financial crisis. All you need to do is download the CASHe App on your phone; it’s available for both Google Play Store and Apple Store. Upload any necessary documents on the app and, once approved, borrow as much money as you need within just a few minutes! You can also transfer part of your loan amount directly into your Paytm Wallet with ease. CASHe approves loans based on social profile, merit, or earning potential by using proprietary technology– based machine learning platform that calculates data in real-time (as opposed to taking weeks)

3) Early Salary –
You need a personal loan so that you can cover expenses until your next payday, and EarlySalary is there for you. This app provides loans up to ₹5,00,000 for all of your needs. We also offer easy EMIs within 24 months! The Pune-based fin-tech start-up has been gaining popularity among the young generation thanks in part to its series B funding of around $100 million from IDG Ventures India and Eight Roads Ventures.

4) Nira-
Nira is a great money lending app in India. After downloading the app, it takes only 3 minutes to determine if you qualify for the loan. If you are eligible, you are given a credit line of ₹1,00,000 and can withdraw about ₹5000 anytime you need the money with easy installments of 3-24 months depending on your needs. The best part? You don’t have to have high credit score or assets like property or stocks etc., as collateral- so even when there’s an urgency necessary Nira will be one good option!

5) Keditbee –
KreditBee is one of the most popular online loan apps in India. You can borrow an amount as little as ₹1000 and as much for up to ₹2 lakhs. Anybody who is above 18 years old, earning at least 10,000 rupees per month or more can download this app and apply for a loan. The whole process happens entirely on the app- never requiring you to go anywhere else-and there are no requirements for physical verification either after uploading necessary documents; all that’s left once approved is waiting until your account gets credited with funds from KreditBee itself! There are many great reviews about this outstanding service too which might just convince you even further.

6)Credy-
Credy is a fantastic instant RBI approved loan app in India that can help you meet your financial needs like furnishing your home, paying your credit card bill. Credy has no hidden charges and you do not need a guarantor or collateral to apply for a loan. To take out this type of loan, all you have to do is download their app and make sure they deem the qualifications necessary; then upload documents at the time of application if required by them (which are typically things such as salary slips). The repayment schedule on loans from Credy also varies depending on how many months it’s set up for- these range from three months to twelve! They offer loans only in Bangalore, Chennai, Pune, Mumbai or Hyderabad for employees who earn ₹15000+ per month with proof included via salary slip/an employee certificate available within our system.

7) MobiKwik –
MobiKwik is India’s largest digital payments company with over 125 million customers across 100+ countries and 40+ million transactions every month. It includes an integrated wallet that enables one-touch shopping and payment experience across online, offline, and mobile channels.

8) mPokket –
College students often run out of money, so the makers of mPokket created an app to ensure that college students never have to borrow from friends again. The personal loan app is specially designed for college students and allows you to get pocket money without any hassle. You just need a bank account or Paytm Wallet, fill in all relevant details on the application form, and once your credit line is approved (starting with 500 INR), then it will be credited directly into your account or wallet- making repayment easy too! With regular usage and timely payments you can increase the amount up until 4 months after approval; otherwise repayments typically start at 2 months for loans under 2500 INR.

9) Dhani –
Dhani is an Indian personal loan app backed by Indiabulls Ventures, and it ranks among the top apps in 2022. You can apply for a personal loan from Dhani anytime you like-no matter where you are or why you need one! All that’s required of your is to download the app and provide your PAN number, Aadhaar number, address verification information. Once verified, it will take just minutes before they disburse the amount to your bank account. You then have three months up until 36 months (depending on what kind of plan you chose) to repay everything back!

10) Bajaj Finserv-
One of India’s most prominent personal loan providers, Bajaj Finserv has been in the market for over a decade. With a great range of offerings, it is one of the best and affordable loan apps available in India. You can use their zero interest EMI card to finance your purchases without pledging any collateral. You have access to borrow up to ₹25 lakhs as per your requirements with Bajaj Finserv and can do so without securing any collateral!.

11) MoneyTap-
MoneyTap has a different feature called “no-usage-no-interest,” which makes it stand out from other apps. The way this works is you are charged interest only on the amount of money used, not any unused funds. All you need to do is download the app and upload necessary documents. Once approved, you get a credit line with 3x more than your total balance in hand – all without having to worry about paperwork or dealing with banks! Currently MoneyTap serves Bangalore, NCR (Delhi), Mumbai, Hyderabad etc cities in India but requires at least ₹30k per month as income qualification for loans

12) FlexSalary –
FlexSalary is an instant RBI approved loan app in India designed specifically for salaried individuals. Based out of Hyderabad, this online lending platform is excellent help to any salaried individual who needs urgent cash during times of crisis. In addition to a quick approval process, FlexSalary has instant disbursal and gives its borrowers the option to access their credit anytime- even as soon as five minutes after signing up on the app! Borrowers are also allowed to decide on how long they want their terms and when they would like repayment (with no fixed EMI). All you need do it sign up with FlexSalary following some straightforward steps from within the application itself; upload your documents; get approved very quickly; choose your desired tenure period- then wait till loans transfer straight into account without any strings attached!

13) MoneyView –
If you need money for emergencies or any other expense and are looking for the best instant RBI approved loan app in India, you should download MoneyView. It allows you to borrow a small or large amount (starting from ₹10,000) and lets it be repaid within 3-5 years at your own convenience. The entire process takes place through the app which is easy with no paper needed; once approved your desired loan amount will automatically be sent to your account! MoneyView has been growing rapidly over there last few years into several Indian cities so if that’s not where yours is located now don’t worry because chances are they’ll get there soon too!

14) CashCare –
CashCare is an Indian loan company that offers personal loans from Rs 5,000 to 1 lakh. The best part about it? You can apply for a personal loan without paperwork or faxing at the push of a button on your phone or laptop!

15) LoanTap –
LoanTap is one of the many instant RBI approved loan app in India, and it’s getting more popular. They have a tagline that reads ‘Bringing Dreams to Life,’ and their product range includes customized loans for borrowers. Their products include lifestyle loans (like celebrations), two-wheeler loans, home loans, personal or flexible lending – all with lower installment rates than most banking institutions offer! The documentation process is simple too – they only require minimal documents from you! When it comes to repayment options as well there are many accelerated payment schemes along with bullet repayment where you pay off your principal outstanding balance first.

16) PayMe-
PayMe is a fin-tech company that provides short-term loans to corporate employees who need instant cash. Payme, both an app and a website, offers very fair interest rates on their products of short term cash loans, instant payday loans and advance salary loans for salaried people. If you’re looking for quick financial support this is the place! The lending process takes place entirely through the app or in person at one of our branches around Delhi: Noida(UP), Gurgaon(Haryana) or Gurugram (Haryana). Their customer service team has been described as being responsive with helpful responses to new borrowers; they have raised $2 million from Singapore based investors since inception over 2 years ago.

17) SmartCoin –
SmartCoin offers loans to people from all walks of life: salaried individuals, stay-at-home parents, support staffs and business owners. Unlike other loan apps out there, the app is very easy to use and the lending platform really hassle-free. You can do the documentation online for your application which will be approved within minutes after your approval. Once you get an approval notification from SmartCoin with a credit limit up to ₹1 lakh rupees (₹100 thousand), anyone can apply for a loan on this platform who earn anywhere between ₹20K – 20 Lakhs in salary annually or monthly respectively does not matter what amount they earn!

18) StashFin –
StashFin was founded by a group of professionals experienced in banking, finance and technology. It is a digital lending app that offers loans from ₹1,000 to ₹5,00,000. You can only repay the loan electronically. The duration of the loan varies from 3 to 36 months with no hidden charges on Stashfin loans.

19) HomeCredit –
This is one of the oldest credit lending apps in India. A part of the international Home Credit Group, this company has a presence in over ten countries across Asia and Europe. The loan app works seamlessly to provide you with the required amount needed for your financial woes. It provides up to ₹2,40,000 as an easy monthly repayment and allows you repay it within a period of 6-51 months (depending on how much money is borrowed).

20) ZestMoney –
ZestMoney offers a quick and easy way to get an instant loan. They don’t need you to have a credit score either. It takes just minutes for anyone with any kind of income, your phone number, email address and date of birth to apply on Zestmoney’s secure platform! You can pay back the loan digitally in EMIs, earn 100% cashback on these EMIs as well as choose from a range of repayment options like EMI transfer or one-time payment at any time during the lifetime of your tenure!

21) IDFC First Bank –
This is a fantastic loan app that will give you the money you need to deal with emergencies. The process is straightforward, and your loan can be approved within a few minutes. Repayments are flexible as well-you can pay off the debt in small monthly instalments over 1 to 5 years. The company also has some benefits for existing customers including access to account details, statement information (including current balance), payment dates, and raising service requests if needed.

22) Fullerton India –
Fullerton India InstaLoan is an app that offers a quick, convenient online application process for your personal loan. It provides loans to salaried and self-employed professionals at affordable interest rates. The personal loan app claims to disburse the funds within 30 minutes of approval for employment verification only – no need for any documentation! You can also track the status of your loan via email or SMS notifications anytime during the day!

23) Lazypay –
LazyPay is an app that offers quick approvals and safe online loan application processing. All you need to do is fill out a short digital form with minimal documentation for an instant personal up to ₹1,00,000! The process for applying is digital and easy too

24) IndiaLends –
IndiaLends is a low-interest loan app, with instant loans available. It provides you with the opportunity to check your credit score (by getting your PAN number). You can also get an instant loan right then and there!

25) CashBean –
Is it ever easy to get a loan? Well, if you’re visiting CashBean.com or the mobile app on your phone, then no – but they’re here to make things easier. You can apply for loans without any paperwork and hurdles; in fact all of this is done electronically now too! The process from application to sanction and disbursal is seamless thanks to digitization.

26) RupeeLend-
RupeeLend runs in most major Indian cities and provides loans to its users. The app follows a new method for disbursing loans: it’s simple, quick and reduces excessive paperwork or phone calls needed during loan discussions. It also understands customers may need money on urgent basis; they will get their loans within two hours! This makes them one of the fastest instant loan apps in India – not just because they are quick but because with Rupeelendi they can expect no extra charges should you wish to foreclose your debt before paying back what was lent out initially.

27) AnytimeLoan –
If you are not a salaried individual and are worried about not getting a loan, try AnyTimeLoan. It offers short term loans to both salaried and self-employed individuals by connecting them with lending partners. To get your application started, simply download the app! Once approved for your loan amount, it is instantaneously disbursed to your bank account without any collateral or guarantor required on part of the borrower. The kinds of loans offered through AnytimeLoan include K12 education loans, personal loans, and business financing options that do require any collateral or guarantors from borrowers themselves in order to approve their applications respectively

How Personal Finance Apps Can Help You Get A Loan
Make sure that your credit score is clean.
Be prepared to provide a large amount of paperwork and verified identification.
Online lenders usually ask for income verification.

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