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25 Best Working Instant Personal Loan Apps In India

Although taking any kind of loan is not suggested by our forefathers, but in the present scenario and especially in the time of pandemic of last almost two years, almost every person feels the need of loan to meet their responsibilities. Have been And he thinks about personal loan, business loan, gold loan or loan against immovable property i.e. loan against property etc.,
But we are here to discuss about personal loans.

 When you think about personal loan and search for options to get personal loan in India, public or private banks take a long time to process personal loan applications and their lending terms and loan eligibility are also very specific. are difficult for private sector employees. The chances of rejection are high and local moneylenders are known to charge high interest rates with arbitrary terms.
Hence, in this scenario, availing personal loan with RBI registered personal loan app comes out to be the best option for hassle free and instant cash loan with minimal documentation in India within minutes or few hours.

When you need instant cash due to a medical emergency, salary delay due to pandemic, wedding or any other function or emergencies, you can apply for instant cash loan with RBI registered loan app. You can check online from the comfort of your home their minimum and maximum loan amounts, interest rates, loan processing fees, loan tenure and their ratings on Google Play Store as well as positive and negative comments from users and the number of users of their app You can also find out about their credibility and it is best that you apply your personal loan application by looking at a good app that has a high number of users and high ratings on the Google Play Store of the app.

I am disclosing some of the best performing and working Personal Loans in India and they are disbursing hassle free and instant cash credit to your bank account. If you are a salaried person and your salary comes in your bank account, then you can get your loan amount instantly in your bank account by applying at low or moderate interest rate within minutes or hours which is possible sitting at home.

Please note that you should also have a good credit score and preferably 750+ and should not have any loan installment defaults with any bank or loan company. However, they also consider below 750 credit score, but it is possible that they marginally increase the interest rate if the credit score is below 750 credit score and it is subject to minimum documents like PAN card, Aadhaar card and a selfie. Comes true with and in some cases they require three to six months of your bank statements.

Best loan apps in India

1. Money View - It is known as the best personal loan app for salaried individuals as well as self employed and is working with more than 1 crore app users across 5000+ locations in India and out of 5 Has a very high Google Play Store rating of 4.6 stars. You can avail huge loan amount from this loan app Personal loan with a long EMI payment tenure from this app and minimum loan amount of Rs.10000/- to Rs.5 Lakh and annual interest rate from 16% to 39% Your loan Available as per eligibility, with flexible repayment EMI tenures ranging from 3 months to 5 years with minimum documentation. For example, for a loan of Rs.50000/- with an annual interest rate (APR) and a repayment tenure of 12 months, the loan processing fee is Rs. 1750/- + 315/- GST (no extra charges) and the monthly EMI comes to Rs.4728/- and after deducting the loan processing fee and GST, the outstanding balance is Rs. 47935/- is transferred to your bank account in no time and the total interest of this loan is Rs.6736/- i.e. a total of Rs.56736/- will have to be paid.

2. Navi Loan & Health Insurance - Navi Loan & Health Insurance is also a good platform for instant personal loans. This app is present on Google Play Store with more than 10 million users and 3.9 star rating. Navi offers instant personal loans, home loans and health insurance. Loan amount ranges from Rs.10000/- to Rs.5 lakh and interest rates from 12% to 36% per annum and loan tenure from 03 to 36 months. This app is mainly working in big cities/metro cities and almost NCR area and you can check and apply through their app.

3. Paysense- Paysense is also a good platform to avail a personal loan. This app stands on google play store with more than 50 lakh users and 3.7 star rating and loan amount from 5000/- to 5 lakh and 16% to 36% interest rate reducing rate and this app is currently available mainly in metro and big Working across cities and the loan tenure ranges from 03-36 months.

4. Bajaj Finance - Bajaj Finance is a leading player in the Indian loan market with over 1 crore app users and 3.9 star rating on Google Play Store and is working for salaried individuals as well as self employed individuals and loan amount 30000/- to 25 lakhs and annual interest rate is 12% to 34% and loan tenure is 12 to 84 months.

5. Nira - If you are a salaried individual, you can also apply for a personal loan through the Nira loan app. It stands with more than 10 lakh users and 4.4 star rating on Google Play Store and it offers personal loans from Rs.5000/- to Rs.1 lakh and annual interest rates starting from 24% to 36% on reducing balance i.e. reducing balance is available.

6. MoneyTap - If you are a salaried individual and getting a monthly salary of 30000/- then Money Tap is a good option for you. The app is present with over 10 million users and a rating of 4.1 on the Google Play Store. You can get a credit line up to Rs.5 lakh here and you can even use less than your approved credit line. Your sanctioned credit line ranges from Rs.3000/- to Rs.5 lakhs with interest rates starting from 13% and repayment tenure from 03 to 36 months. And it's better that you pay interest only on the amount used from your credit line.

7. IndiaLends - You can also check personal loan offers with India Lends. It is available on Google Play Store with more than 50 lakh app users and 3.8 star rating. You can check your credit score here after installing this app and if it is good, you can get a loan offer and the interest rates depend on your credit score, loan amount etc. with a satisfactory loan repayment tenure.

8. CashE - If you are a salaried employee and drawing a minimum salary of Rs.12000/-, you can get an emergency loan from CashE Loan App. This app is on Google Play Store with 50 lakh users and 4 star rating. Loan amount ranges from Rs.1000/- to Rs.4 Lakh and annual interest rate is 33.46% and repayment tenure is 3 to 18 months. You can also get a credit line and take advantage of the Buy Today Pay Later service.

9. Early Salary - If you are a salaried person then you can get a personal loan from the Early Salary app. The app is present with a rating of 4.5 on the Google Play Store with 50 lakh users. The loan starts from Rs.8000/- to Rs.5 lakh with repayment tenure ranging from 3 months to 2 years and is mainly available in metro/large cities.

10. Home Credit - Home Credit loan app is also a good platform for instant personal loan. This app is available on Google Play Store with more than 10 million users and 4.3 star rating. Loan amount from Rs.10000/- to Rs.240000/- and minimum interest starts from 19% to 56% Your loan eligibility and repayment tenure is 6 months to 51 months. You can also avail other financial services like Home Appliances Loan, Ujjwal EMI Card from this app.

11. Fair Money - Fair Money Loan app is also a good option for salaried and self employed individuals. This app is available on Google Play Store with more than 5 million users and 4 star rating. You can take a personal loan of Rs.750/- to Rs.60000/- immediately with a repayment tenure of 61 days to 6 months and an interest rate of 12% to 36%.

12. Branch Personal Loan - Branch Loan App provides loan to both salaried and self-employed. This app is available on Google Play Store with over 10 million users and 4.4 star rating. Loan amount from 750/- to 50000/- depending on the risk profile of the customer and repayment tenure from 62 days to 6 months, with an interest rate of 2% to 30% available immediately.

13. Lazypay - Lazy pay is the best option for line of credit as well as personal loan, however, they offer you the facility of line of credit for 15 days at zero percent interest or you can pay a minimum of Rs.500 after 15 days and the outstanding amount attracts very nominal interest with a grace period of 3 days in the payment cycle 1-15th and the second repayment cycle starting from 16th and lasts for the next 15 days and a grace period of 3 days. If your They also provide you personal loans if the past record is good. Presently they are offering their newly launched Lazy Pay Card like a credit card to select customers. This app is available on Google Play Store with 5 million users and 4.4 star rating.

14. Stashfin- Stashfin is working with line of credit and small size personal loans ranging from Rs.1000/- to 10000/-. This app is present on Google Play Store with more than 1 million users and 3.6 star rating.

15. Payme India - If you are a salaried individual, you can avail a personal loan with the Payme India loan app. This app is present on Google Play Store with more than 1 million users and 4.2 star rating. You can get instant personal loans starting from Rs.2000/- to Rs.2 lakhs with this app. Interest rate from 18% to 35% per annum and repayment period from 3 months to 24 months.

16. Smart Coin - Smart Coin Loan App is giving loan to both Salaried and Self Employed. This app is present on Google Play Store with more than 5 million users and 4.4 star rating. This loan app is available from Rs 4000/- to 1 lakh and repayment tenure from 62 days to 1 year and interest rates from zero to 30% depending on the customer risk profile and in around 18000+ pin codes.

17. Mobikwik- Mobikwik is also providing Buy now pay later service and personal loan at zero percent interest for 15 days +5 grace days up to Rs.30000/- but personal loan mainly in big cities . This app is present on Google Play Store with 50 million users and 3.9 star rating.

18. Paytm - Paytm is a big player in the Indian loan market and is known for paying utility bills. Paytm Postpaid service provides you a credit limit of up to Rs 1 lakh for 30 days which is known as Paytm Postpaid. Paytm also offers personal loan service through its NBFC partner at very low charges for grace period of 30 days and 7 days. This app is present on Google Play Store with more than 100 million users and 4.6 star rating.

19. True Balance- True Balance Loan App provides instant paperless loan to Salaried and Self Employed Individuals with PAN Card, Aadhar Card, Selfie and Bank Statement. It is present on the Google Play Store with over 10 million users and a 4.3 star rating. This app gives loan from Rs.5000/- to Rs.50000/- with repayment tenure of 62 days to 116 days. This is really a good app but its interest rate is high and if you need cash urgently and you can repay on time, you can apply for loan from this app.

20. Rupee Ready - Rupee Ready is providing instant paperless loan for Salaried and Self Employed. It stands on Google Play Store with more than 1 million users and 4 star rating. This app gives personal loan from Rs.2000/- to Rs.25000/- and repayment tenure from 62 days to 120 days. If you are in urgent need of cash and are able to repay on time, you can apply for a personal loan from this app.

21. CashBean - CashBean provides instant personal loan from Rs.1500/- to Rs.60000/- with Aadhar and PAN card with tenure of 3 to 6 months and the interest rate is 25.55% plus processing fee. This app is available on Google Play Store with more than 10 million users and 4 star rating.

22. Fullerton India - Fullerton is a major player in the Indian loan market and offers Personal Loans, Business Loans and works for Personal Loans for both Salaried and Self Employed. Its interest rate is competitive but it requires complete documents proof. If you are a salaried employee, a salary slip of up to six months or a businessman and have 3 years of ITR and proof of GST registration or shop registration etc. then you can try to get a personal loan from this NBFC. It is available on Google Play Store with more than 5 lakh users and 2.7 star rating or you can also apply from its website.

23. Zest Money - If you are employed with Zest Money, then you can take a personal loan immediately, although you can also try self-employed. Initially this app gives you Buy now pay later service and according to your payment record of this service, you also get pre approved personal loan offer. The app is available on Google Play Store with 5 million users and a rating of 4.3. The personal loan offer of this app is available from 1000/- to 10 lakh rupees and the interest rate can be up to 36% as per the customer profile of the customer.

24. Kissht Loan App- Kisht Loan App provides instant paperless loan to both salaried and self-employed. This app has more than 10 million users and is available on Google Play Store with a ranking of 4.4 stars. The interest rate is market based and the repayment tenure is 62 days.

25. Rufilo Loan App - Rufilo Loan App is providing instant paperless personal loan to both salaried and self employed. This app is a subsidiary of Kisht loan app and follows the same business style as Kisht. This app is available on Google Play Store with more than 10 lakh users and 4.5 star rating. The interest rate is as per the market rate and the tenure will be 62 days.