Top 9 Loan Apps That Gives You Instant Credit. Get Online Personal Loan With Just A Click.


Banks usually take a longer time duration to process personal loans due to various formalities. On the other side, the creditors or the money lenders are known to charge high-interest rates which make the process doubtful. Such issues and the requirements of the people have given a reason for the creation of Money lending apps in India. Online loan apps have gradually become popular owing to many benefits that they offer like customized loans, 24X7 tracking, low-interest rates, online credit cards, and easy process. In the world of the financial market, personal loan apps have become a necessary and excellent idea to provide safe and tension free cash loans in India.

#1 PaySense

PaySense is one of the best loan apps in India. It has dual features, an app, and a website where salaried people and self-employed individuals can apply for an instant personal loan. It is founded by Sayali Karanjkar and Prashanth Ranganathan in Mumbai, which has partnered with Fullerton and IIFIL for the disbursal of loans. PaySense offers a simple EMI calculator to help borrowers calculate the EMI they shall pay every month. The best part about PaySense is that neither you are required to submit any collateral or securities, nor to have a high credit score. You can easily access your account through phone or laptop to check eligibility, submit KYC details, etc, receiving approval within 5 hours. You can install the app and upload the necessary documents & can choose the preferred tenure to repay the loan within 3 months – 60 months. 

Min Loan Amount: Rs 5000

Max Loan Amount: Rs 5,00,000

#2 MoneyTap 

MoneyTap is India’s first app-based credit line that has a no-usage-no-interest feature, which has made loan availability more affordable. By using this app you only pay interest on the amount you have taken as a loan. You can call it a credit card with unique features that set it apart from its competitors. MoneyTap provides flexible interest rates to its clients in Delhi NCR, Mumbai, Bangalore, Hyderabad, or any part of the country.

Min Loan Amount: Rs 3000

Max Loan Amount: Rs 5,00,000

#3 CASHe

During an emergency or financial crisis, CASHe is a great way to secure funds. After installing the app you can upload the necessary documents and after approval, the loan amount is credited to your account in just a few minutes. The documents that are necessary to submit are salary slips, bank statements, address proof, and PAN card, which will help you in applying for a loan. You can also transfer a part of your loan amount directly to your Paytm wallet. CASHe approves loans based on the social profile, merit, and earning potential of the borrower by using a proprietary algorithm based machine learning platform.

Min Loan Amount: Rs 5000

Max Loan Amount: Rs 2,00,000

#4 Dhani 

Dhani is a popularly marketed phone se loan app, which is known for transferring instant loan amount to your bank account. You can apply for a personal loan anytime, whenever you are in need of one. You can get a loan of up to ₹ 15 Lakh instantly at an interest rate starting at 12%. You have to provide documents like your PAN number, Aadhar number, and address for verification. The loan can be repaid within three to 72 months. 

Dhani loan app is free, where you can get the loan amount in your account instantly. 

Min Loan Amount: Rs 1000

Max Loan Amount: Rs 15,00,000

#5 Early Salary

Are you in a need of a loan? or are you worried about how to meet the expenses for the month? Early Salary is the best tool that covers all your loan requirements. It is a special personal loan app for salaried professionals, that caters to its clients with a loan amount up to INR 2, 00, 000 respectively. Early Salary raised INR 100 crores in series B funding led by Eight Roads Ventures and IDG Ventures India in January last year. Early Salary is a Pune-based fin-tech start-up that allows you to return the loan in easy EMIs within 50 days. This app has gained popularity among the people and especially the youth. 

Min Loan Amount: Rs 1000

Max Loan Amount: Rs 2,00,000

#6 IndiaLends

IndiaLends makes use of data and technology to improve workflows and risk assessments so that the loan disbursal process is efficient, shorter, and easier. IndiaLends is one of the monetary loan apps in India that provides personal loans, credit cards, and free credit reports. It offers instant personal loans online with the best interest rate and sends the loan amount within 48-hours. 

Min Loan Amount: Rs 1999

Max Loan Amount: Rs 25,000

#7 Money View

Money View is a personal loan app, that is known to provide you loan amount within 2 hours. No matter what requirements you have, from home construction to wedding expenses, a personal loan from Money View is what you can rely upon. MoneyView has progressed quickly over the last few years and is now present in several Indian cities. Money View loan amount ranges from ₹ 10,000 to ₹ 5 Lakh and the repayment period is flexible i.e. from 3 months to 5 years.

Min Loan Amount: Rs 10,000

Max Loan Amount: Rs 5,00,000

#8 PayMe India

PayMeIndia is an innovative FinTech app that offers instant payday loans, advance salary loans, short term cash loans to salaried employees at attractive interest rates. PayMe India is a Noida based application software that allows short-term loans. They provide instant payday loans and advance salary loans to salaried corporate employees at low-interest rates to help them meet their financial needs. PayMe has a strong customer support team and is quick in transactions. 

Min Loan Amount: Rs 1,000

Max Loan Amount: Rs 1,00,000

#9 KreditBee

KreditBee is an instant personal loan app for young professionals. As the name suggests credit, it provides credit instantly to the needy ones who can easily get a loan of up to ₹ 1 Lakh. The disbursement is done within 15 mins, and the amount is directly credited to your bank account. After the submission of documents, verification, and approval, the loan amount is directly credited to your account. This app is highly rated and is paperless, fast, easy, and flexible

Min Loan Amount: Rs 1,000

Max Loan Amount: Rs 1,00,000

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