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Personal Loans - Best Instant Personal Loan Apps in India


In India, a new set of mindsets, practices and habits toward financial goals is rapidly emerging. People no longer mind taking out a personal loan in an emergency or to meet a short-term need, as long as there are no end-use restrictions or collateral attached. Traditional banks take a long time to process these personal loan applications, and money lenders charge exorbitant interest rates, making the process extremely risky. Personal loan apps have emerged as an excellent idea in this entire financial setup to provide safe and hassle-free instant cash loans in India within 1-hour. Take a look at the list of best personal loan apps.



PaySense, one of India's best instant personal loan apps, has an app as well as a website where salaried professionals and self-employed individuals can apply for instant loans. This is one of the best instant loan apps that does not require a salary slip, and it recently merged with LazyPay to form one of the best platforms in this field. The best part is that you won't run out of time because this platform is known for quickly approving requests.

  • Interest Rate- 1.4 to 2.3% per month
  • Maximum Loan Amount - Rs. 5,00,000
  • Minimum Loan Amount - Rs. 5,000

Bajaj Finserv

Bajaj Finserv, one of the most prominent brands in personal finance, has been present in the country for over a decade. Bajaj Finserv is one of the best loan apps in India, offering a wide range of services. Bajaj Finserv provides personal loans that are approved and disbursed within 24 hours.Personal loans are available with the option of paying interest-only EMIs, which can reduce your monthly payments by up to 45%.

  • Interest Rate- 12-34% p.a.
  • Minimum Loan Amount: ₹30,000
  • Maximum Loan Amount: ₹25,00,000

Personal Loans - Best Instant Personal Loan Apps in India


LazyPay is one of India's most popular finance apps, powered by PayU, the same company that acquired PaySense. It provides fast and safe online loan application processing. To determine loan eligibility, the LazyPay App only requires your mobile number. LazyPay disburses over a million loans each month. Its main products are low-cost EMIs and an instant personal loan of up to 1 lakh through a simple digital process with minimal documentation.

  • Interest Rate 15- 32% p.a.
  • Minimum Loan Amount: ₹10,000
  • Maximum Loan Amount: ₹1,00,000


Dhani is one of the best personal loan apps which allows you to apply for a loan any time, from any location, and for any reason. You can get an unsecured loan quickly without any physical documentation. Many outstation students who are working part time rely on it to make ends meet. You can easily obtain a quick loan of up to Rs.5,00,000 at convenient and affordable interest rates. Every transaction earns you 2% cashback, which you can use for future redemptions and services. You can get an instant loan of up to 15 lakh at an interest rate of 12%.

  • Interest rate- 13.99% p.a.
  • Maximum Loan Amount - Rs. 15,00,000
  • Minimum Loan Amount - Rs. 1,000


MoneyTap is one of the easiest and fastest instant loan apps in India.. It makes it simple to get a quick loan; all you have to do is download the mobile app. Download and register, after registration, complete the KYC paperwork and wait for final approval. On the other hand, based on your credit score, you can obtain an instant credit of up to Rs.5,00,000, which you can use to purchase everyday necessities, indulgences, travel, and other items.

  • Interest Rate- 13% p.a.
  • Maximum Loan Amount - Rs. 5,00,000
  • Minimum Loan Amount - Rs. 3,000

Personal Loans - Best Instant Personal Loan Apps in India


CASHe has established itself as the best personal loan app. Its app allows you to easily log in and register, and the dashboard contains all of the information you'll need to get a quick loan. You can select from a range of loans with a maximum loan amount of Rs.4,00,000, as well as varying interest rates and repayment terms. You can also deposit funds directly into the associated bank account. You can also set up direct auto-debit for loan interest payments, which saves you from having to visit the platform every time. CASHe is a digital lending platform based on an app that offers short-term personal loans for a variety of financial needs, but only to salaried individuals.

  • Interest Rate - 2.5% per month
  • Maximum Loan Amount - Rs. 4,00,000
  • Minimum Loan Amount - Rs. 1,000

Read more about: personal loan
Story first published: Saturday, November 19, 2022, 22:10 [IST]
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