Life throws surprises at us all the time. Sometimes, you need a little financial help, fast. That’s where loan apps come in. They simplify borrowing; there are no lengthy queues or mountains of paperwork. Just quick loans, right on your phone.
With just a few taps, you can apply for a loan and get the money directly in your bank account. These apps are especially helpful for salaried professionals, students, and small business owners.
In this blog, I’ll share the best loan apps in India that actually work, so you can find the one that suits you best. Because assistance should be readily available when needed.
Things to Look for Before Selecting a Loan Application
- Check the interest rate carefully as it affects the total repayment amount.
- Understand the minimum and maximum loan amounts offered by the app.
- Consider the repayment tenure and how it impacts your monthly EMI and total interest.
- Check qualifying restrictions such as age, credit score, and salary.
- Seek out applications that provide quick loan approval and disbursement.
- Verify that the app is registered with the RBI or linked to a reputable NBFC.
- Be aware of any hidden charges such as processing fees or penalties.
- To evaluate dependability and customer service, read user evaluations and ratings.
List of Best Loan Apps You Should Know
1. IDFC First Bank Personal Loan App
IDFC First Bank is one of the top-rated loan apps in India, offering instant personal loans with minimal documentation and a seamless digital process. It caters to salaried and self-employed individuals looking for urgent funds.
The app has a strong reputation for its customer service and transparent loan structure. Borrowers can track EMIs, view loan details, and manage repayments directly from the app. With competitive interest rates and a simple interface, it’s a reliable choice. The bank also ensures data security and fast disbursals.
- Loan Amount: Up to ₹10 Lakh
- Interest Rate: 10.99% p.a. onwards
- Tenure: Up to 60 months
- Eligibility: Salaried/Self-employed with good credit score
- App Rating: 4.9
- Website: https://www.idfcfirstbank.com
2. Bajaj Finserv App
Bajaj Finserv offers one of the most flexible personal loan services through its well-designed mobile app. It is appropriate for a variety of situations, including travel and weddings, as well as medical crises. The app provides pre-approved offers to existing customers, ensuring quicker access to funds.
With features like digital document submission and an EMI calculator, the app is easy to use. High loan amounts and long tenures make it popular among salaried professionals. The customer service is responsive and available through multiple channels, supported by customer service software platforms that help streamline communication and ensure timely assistance.
- Loan Amount: ₹20,000 to ₹40 Lakh
- Interest Rate: 1% – 32% p.a.
- Tenure: Up to 96 months
- Eligibility: Indian citizen with stable income
- App Rating: 4.9
- Website: https://www.bajajfinserv.in
3. Kissht Loan App
Kissht is ideal for quick personal loans and EMI financing on products like electronics and gadgets. It requires minimal documents and caters to users with moderate credit scores. The platform has a user-friendly interface that lets you track EMIs, repayment schedules, and pre-close loans.
Kissht also partners with merchants to offer no-cost EMI options. Because of its simple approval procedure, it is often utilised in Tier 2 and Tier 3 cities. In addition, the app provides value-added services like insurance.
- Loan Amount: ₹30,000 to ₹5 Lakh
- Interest Rate: 14% p.a. onwards
- Tenure: Up to 36 months
- Eligibility: Age 21+, stable income
- App Rating: 4.6
- Website: https://www.kissht.com
4. Olyv (SmartCoin) Loan App
Olyv, previously known as SmartCoin, focuses on financial inclusion by offering loans even to those with limited credit history. It supports lower-income and underserved segments with its accessible criteria. The app is easy to navigate and ensures quick approval and disbursement.
It also promotes financial literacy by helping users build a positive credit score. With its micro-loan model, Olyv is a go-to app for small-ticket, short-term loans. The platform ensures full transparency on charges and interest.
- Loan Amount: ₹1,000 to ₹5 Lakh
- Interest Rate: 18% to 30% p.a.
- Tenure: 2 to 24 months
- Eligibility: Low-income earners with valid documents
- App Rating: 4.6
- Website: https://www.olyv.in
5. Moneyview Loan App
Moneyview stands out with its simple process and strong customer base, especially among millennials. Its algorithm checks creditworthiness beyond traditional credit scores, helping more users qualify. Loans are disbursed rapidly using the app, which also needs very little paperwork.
It also gives complete visibility of repayment schedules, due dates, and charges. Moneyview is ideal for users who need smaller loans instantly. You can finish the application procedure on your smartphone in a matter of minutes.
- Loan Amount: ₹5,000 to ₹10 Lakh
- Interest Rate: 10% p.a. onwards
- Tenure: 6 to 60 months
- Eligibility: Indian citizen, salaried or self-employed
- App Rating: 4.8
- Website: https://moneyview.in
6. LazyPay Loan App
LazyPay is a digital credit app that offers personal loans and buy-now-pay-later (BNPL) services. It is meant to provide real-time approval and quick access to finance with less documentation. The app is especially popular among young professionals and students for its quick disbursals and flexible repayment options.
Users can borrow for shopping, bills, or emergencies and repay in easy EMIs. LazyPay also provides reminders and auto-debit features for timely repayments. Its interface is easy to use and straightforward.
- Loan Amount: ₹3,000 to ₹5 Lakh
- Interest Rate: 15% – 32% p.a.
- Tenure: 3 to 60 months
- Eligibility: Salaried/verified bank account holder
- App Rating: 4.4
- Website: https://www.lazypay.in
7. KreditBee Personal Loan App
KreditBee is a popular app among young salaried individuals and first-time borrowers in India. It offers a completely digital process and quick loan approvals. The platform uses AI tools for finance, including AI-driven checks, to verify eligibility and disburse funds in minutes.
KreditBee also allows top-ups and tracks EMI progress through the app. The repayment flexibility and loan options for small amounts make it ideal for urgent needs. It ensures full transparency in charges, terms, and interest rates.
- Loan Amount: ₹1,000 to ₹5 Lakh
- Interest Rate: 17% – 29.95% p.a.
- Tenure: 3 to 36 months
- Eligibility: Indian citizens with proof of income between the ages of 21 and 60
- App Rating: 4.5
- Website: https://www.kreditbee.in
8. Buddy Loan App
Buddy Loan acts as a loan aggregator, partnering with multiple NBFCs and banks to help users get the best loan offers in one place. It provides simple interest rate comparison and serves a broad spectrum of borrowers.
The app boasts a paperless journey from application to approval and is perfect for salaried professionals and self-employed individuals. It also provides educational content on credit scores and loan types. The support team is helpful in guiding users during the loan process.
- Loan Amount: ₹10,000 to ₹15 Lakh
- Interest Rate: 11.99% p.a. onwards
- Tenure: 6 months to 5 years
- Eligibility: Minimum income ₹15,000/month and valid documents
- App Rating: 4.5
- Website: https://www.buddyloan.com
Suggested Read: Payment Gateways in India
9. CASHe Loan App
CASHe is a popular app that caters to millennials with jobs and provides short-term personal loans. It features AI-based approval with minimal documentation. The app uses a unique “Social Loan Quotient” to assess the borrower’s profile.
For urgent necessities like travel, shopping, or medical bills, it is recommended. It also includes features like credit line renewals and investment options. The app ensures a secure loan journey and fast money transfers to bank accounts.
- Loan Amount: ₹1,000 to ₹4 Lakh
- Interest Rate: 2.50% per month onwards
- Tenure: 3 to 18 months
- Eligibility: Salaried individuals aged 21+
- App Rating: 4.4
- Website: https://www.cashe.co.in/
10. True Balance Loan App
True Balance is designed to offer small-ticket loans to a wide audience, especially in semi-urban and rural areas. The app has flexible EMI options and offers quick approvals through a simple interface. It’s perfect for users who need emergency funds or bill payments.
In addition, True Balance offers insurance services, smartphone recharges, and utility bill payment. The app is user-friendly and supports multiple Indian languages, enhancing accessibility. Even people with little or no credit history can use it.
- Loan Amount: ₹5,000 to ₹1.25 Lakh
- Interest Rate: 2.40% per month onwards
- Tenure: 3 to 12 months
- Eligibility: PAN card, bank account, age 18+
- App Rating: 4.4
- Website: https://truebalance.io
11. Home Credit Personal Loan App
Home Credit offers fast loans through a trusted app that caters to both salaried and self-employed individuals. The loan process is 100% digital, and the app supports EMI calculators, e-KYC, and document uploads.
Home Credit is popular for financing smartphones and electronics via partner stores. The app provides reminders, auto-pay setup, and loan tracking features. It’s a strong choice for users with average credit scores and mid-sized loan needs.
- Loan Amount: Up to ₹5 Lakh
- Interest Rate: 1.60% per month onwards
- Tenure: 6 to 51 months
- Eligibility: Indian resident with valid ID and income proof
- App Rating: 4.4
- Website: https://www.homecredit.co.in
12. Fibe (Formerly EarlySalary) App
Fibe, previously known as EarlySalary, is one of the earliest players in the instant loan space. It’s known for giving salary advances and short-term loans to working professionals. The app requires minimal documentation and provides disbursal in under 10 minutes.
It’s popular in metro cities for financing rent, shopping, travel, and emergencies. Fibe also offers skill-based training loans, helping young professionals grow. Its user interface is easy to use, quick, and safe.
- Loan Amount: ₹5,000 to ₹5 Lakh
- Interest Rate: 12% p.a. onwards
- Tenure: 3 to 24 months
- Eligibility: Salaried individuals who are at least 21 years old and earn at least ₹18,000 per month
- App Rating: 4.5
- Website: https://www.fibe.in
13. ZestMoney App
ZestMoney is widely used for no-cost EMI financing at popular e-commerce platforms. The app also offers personal loans that don’t require a credit card or a CIBIL score, making it a strong alternative to traditional credit card payment apps. It’s ideal for new-to-credit users looking to build credit history.
ZestMoney has partnered with major online stores, allowing users to shop and convert purchases into EMIs instantly. It ensures easy repayments and real-time loan tracking. The onboarding process is digital and secure.
- Loan Amount: Up to ₹5 Lakh
- Interest Rate: 11.99% onwards
- Tenure: 3 to 36 months
- Eligibility: Indian citizens with KYC documents
- App Rating: 4.4
- Website: https://www.zestmoney.in
14. mPokket Loan App
mPokket is a top choice for college students and young professionals seeking quick, small loans. As one of the most popular loan apps for students, the app is easy to set up and requires basic documents like a college ID or salary slip. Short-term loans that can be paid back in a few weeks or months are what it is famous for.
Funds are promptly sent to Paytm wallets or bank accounts using mPokket. It is perfect for people with little credit history because of its easy-to-use interface and quick approvals. It’s often used to cover expenses like books, rent, or groceries.
- Loan Amount: Up to ₹45,00
- Interest Rate: Up to 48% p.a.
- Tenure: 61 days to 12 months
- Eligibility: Students or salaried employees with proof
- App Rating: 4.4
- Website: https://www.mpokket.in
15. FlexSalary Loan App
FlexSalary offers a unique credit line product where users borrow as per their needs without applying for a new loan each time. It’s like a credit card but in loan format, ideal for salaried professionals with recurring financial needs.
FlexSalary offers a clear pricing structure and timely payments. The app supports flexible repayments, part-payments, and emergency loans. It is especially useful for unexpected expenses or mid-month cash crunches. The entire process is online, with 24/7 access to funds.
- Loan Amount: Up to ₹3 Lakh
- Interest Rate: 18% – 54% p.a.
- Tenure: 10 to 36 month
- Eligibility: Salaried professionals with ₹15,000+ monthly salary
- App Rating: 4.3
- Website: https://www.flexsalary.com
Summary Table
| App Name | Loan Amount | Interest Rate | Tenure |
| IDFC First Bank | Up to ₹10 Lakhs | From 10.99% p.a. | Up to 60 months |
| Bajaj Finserv | ₹20K – ₹40 Lakhs | 1% – 32% p.a. | Up to 96 months |
| Moneyview | ₹5K – ₹10 Lakhs | From 10% p.a. | 6 – 60 months |
| Olyv | ₹1K – ₹5 Lakhs | 18% – 30% p.a. | 2 – 24 months |
| Kissht | ₹30K – ₹5 Lakhs | From 14% p.a. | Up to 36 months |
| Buddy Loan | ₹10K – ₹15 Lakhs | From 11.99% p.a. | 6 – 60 months |
| KreditBee | ₹1K – ₹5 Lakhs | 17% – 29.95% p.a. | 3 – 36 months |
| Fibe | ₹5K – ₹5 Lakhs | From 12% p.a. | 3 – 24 months |
| LazyPay | ₹3K – ₹5 Lakhs | 15% – 32% p.a. | 3 – 60 months |
| CASHe | ₹1K – ₹4 Lakhs | From 2.5% p.m. | 3 – 18 months |
| mPokket | Up to ₹45K | Up to 48% p.a. | 2 – 12 months |
| ZestMoney | Up to ₹5 Lakhs | From 11.99% p.a. | 3 – 36 months |
| True Balance | ₹5K – ₹1.25 Lakhs | From 2.4% p.m. | 3 – 12 months |
| Home Credit | Up to ₹5 Lakhs | From 1.6% p.m. | 6 – 51 months |
| FlexSalary | Up to ₹3 Lakhs | 18% – 54% p.a. | 10 – 36 months |
Conclusion
Selecting the right personal loan app depends on your specific financial needs, repayment capacity, and eligibility. With the growing number of loan apps in India and digital lending evolving rapidly, it’s now easier than ever to compare interest rates, processing times, and repayment terms.
The above-listed apps offer a range of options catering to different segments, ensuring that you can find a solution that aligns with your requirements. Always ensure to read the terms and conditions carefully before availing any loan.
FAQs
1. Which Loan App offers the fastest approval?
Many apps like IDFC First Bank and Bajaj Finserv provide instant or same-day loan approvals.
2. Are Personal Loan Apps safe to use?
Yes, as long as they are registered with RBI or linked to trusted financial institutions.
3. What Documents are usually required for Loan Approval?
Most apps require basic KYC documents like Aadhaar, PAN card, and bank statements.
4. Can I get a Loan with a low credit score on these Apps?
Some apps like KreditBee and Moneyview offer loans to users with limited or low credit history.
5. How flexible are the repayment options?
Most apps provide flexible tenure ranging from a few months up to 5 years depending on the loan amount.
