If you are facing a financial crisis for your business or personal problems and have no other option to support it, you might consider taking out a loan. Normally, people would go to the bank to take out a loan, but nowadays, with our digital progress having advanced so far, you can easily obtain a loan through a specific app.
There are a lot of loaning apps available in India, and they will mainly help you to take loans for various purposes. For instance, you can refer to instant cash loans, personal loans, different credit card services, and many more.
In this blog, we will help you find the Best Loan Apps in India and what services they offer to help you with your finances.
Rising Demand for Instant Digital Loans in India
There is no doubt that there is a high surge in the demand for instant digital loans in India. Moreover, this particular demand is influenced by several factors. For instance, you can refer to a blend of technological, social, and economic factors. And here are some points that can help you get through it:
Increased Usage of the Internet And Smartphones
India has an estimated number of over 750 million smartphone users, and since the internet has become easily accessible to people, the financial convenience have also become accessible. With this approach, you can take a loan almost instantly.
Digital Convenience for Different Age Groups
Younger generations like Gen-Z prefer their digital services to be paperless and direct. Furthermore, the younger generations feel comfortable with the application-driven services, where they physically do not have to engage with such digital services.
Credit Incorporation for NTC Users
A lot of Indians, such as gig workers or experts, do not have a lengthy credit history. Moreover, several Fintech services implement alternative information such as device usage, digital payment, etc., to manage risk and provide a lot of users ‘ information for the credit risk.
Urgency And Frequent Requirements
Sometimes people face urgent financial needs, especially education charges or medical expenses. These scenarios drive people to take an instant financial solution or loans. And these digital loan facilities can address their financial needs instantly.
Criteria for Evaluation
People take loans for many reasons, such as home, personal, digital, business, and many more. Moreover, these are mainly operated by NBFCs, banks, and Fintech contributors to evaluate your loan approval and eligibility. Nonetheless, here are some points you can follow:
Credit Score
Their importance is significant, and their normal benchmark is over seven hundred for various loans. Moreover, it highlights your refund record, credit activity, and existing liabilities.
Revenue Level And Financial Stability
Their main sources are bank statements, IT returns, and stipend slips. Also, their normal benchmark ranges around 15000 to 25000 rupees monthly salary, and the candidate should have a stable financial income background for 2 to 3 years.
Candidate Type And Record
Candidates have to work in a recognised facility with a stable business revenue alongside the ITR/GST authentication. Moreover, if the candidate has a higher tenure employment, it would result in higher integrity.
Loan Volume And Refund Capacity
The following factor is calculated by using your DTI (Debt-to-Income) ratio. Also, the ideal DTI has to be less than 40 percent for a safe output.
Quick Comparative Table
| App Name | Loan Range | Interest Rate | Tenure | Disbursal Time | Play Store Rating |
| IDFC First Bank | 10 lakhs | 7.25 percent each year | 2 years to 5 years | 30 minutes | 4.9/5 |
| Moneyview | 5000 to 10 lakh rupees | 14 percent per year | 60 months to 5 years | 1 day or 24 hours | 4.8/5 |
| Bajaj Finserv | Up to 55 lakhs | 7.49 percent p.a | 1 month to 60 months | 24 hours or 1 day | 4.9/5 |
| Kissht | 30000 to 5 lakh rupees | 14 percent to 24 percent each year | 3 months to 24 months | 5 minutes of approval | 4.6/5 |
| Olyv | 1000 to 5 lakh rupees | 18 percent each year | 2 months to 24 months | 24 hours to 48 hours | 4.6/5 |
| KreditBee | 1000 to 5 lakh rupees | 17 percent to 29.95 percent per annum | 10, 24, or even 36 months | 10 minutes | 4.5/5 |
| Buddy Loan | 10000 rupees and up to 15 lakh rupees | 11.99 percent per annum | 6 months to 5 years | 48 hours | 4.5/5 |
| LazyPay | 5000 to 5 lakh rupees | 15 percent to 32 percent per year | 3 months to 60 months | Within a minute | 4.4/5. |
| Fibe | 5000 rupees to 5 lakh rupees | 12 percent per year | 3 years or 36 months | an entire day | 4.5/5 |
| CASHe | 1000 to 4 lakh rupees. | 2.79 percent per month | 2 months to 18 months | a few minutes | 4.4/5 |
| ZestMoney | Up to 5 lakh rupees | 11.99 percent per year | 6 months to 24 months | 7 days | 4.4/5 |
| mPokket | 500 to 45000 rupees | 48 percent per year | 61 days to 1 year | Within a few hours | 4.4/5 |
| FlexSalary | 8000 rupees to 3 lakh rupees | 18 percent to 30 percent per year | 10 to 36 months | 24 hours or 1 day | 4.4/5 |
| Home Credit | Up to 5 lakh rupees | 1.6 percent per year | 48 months | Within an hour | 4.4/5 |
| True Balance | 5000 rupees to 1.25 lakh rupees | 2.40 percent each month | 3 months to 1 year | Within 30 minutes | 4.4/5 |
15 Best Loan Apps in India in 2025
As we have mentioned that you might require a loan for various reasons, and alongside their criteria. Furthermore, for a fast service output, you can refer to these top 15 instant personal loan apps:
1. IDFC First Bank
- Best For: This loan app is ideal for its intuitive, feature-driven, and strong facilities that you can use while taking a loan.
- Ratings: 4.9/5.
At the top of our Best Loan Apps in India list, we are suggesting the IDFC First Bank as it is extremely popular in India for financial transactions and loan facilities.
Unique Features
The IDFC First Bank has several unique features that people can use, such as:
Users have the liberty to pay the loan at their time of convenience, as the tenure length can extend to more than 60 months.
The quantum loan amount is more than 10 lakh rupees.
IDFC First Bank offers an affordable interest rate that starts from 10.99 percent P.A.
- Loan Amount: People can take a personal loan of more than 10 lakh.
- Interest Rate: 7.25 percent each year and an interest credit per month.
- Tenure: It can range from 2 years to 5 years or 2 months to 60 months.
- Disbursal Time: 30 minutes.
- Eligibility: The candidate needs to be at least 18 years old, have a good credit score, and be self-employed.
Also Read: Best Mobile Recharge Commission Apps
2. Moneyview
- Best For: Candidates can gain any amount of loan, which can vary from 5000 to 10 lakh rupees.
- Rating: 4.8/5.
Another popular Best Loan Apps in India is Moneyview, and it is often considered to be the best lending digital facility in India. Furthermore, this digital facility provides numerous benefits and offers to its consumers.
Unique Features
Moneyview provides several unique features, for example, you can refer to:
Candidates can verify their eligibility authentication within 2 minutes from any place in India, which makes it accessible for most people.
You do not require a large number of documents to take a loan.
The bank facility offers interest rates that range from only 14 percent per year with adjustable repayment tenure.
- Loan Amount: The loan amount starts from 5000 to 10 lakh rupees.
- Interest Rate: This loan facility provides an interest rate that is 14 percent each year.
- Tenure: The length ranges from 60 months to 5 years.
- Disbursal Time: 1 day or 24 hours after acceptance.
- Eligibility: Candidates need to be at least 21 years old with a strong credit score and their income rate.
3. Bajaj Finserv
- Best For: The facility offers a purchasable interest rate that varies from 10 percent to 32 percent.
- Rating: 4.9/5.
Bajal Finserv is mainly recognised as a non-banking facility that provides a lot of financial services to its customers. Also, they mainly offer three types of personal loan assets, and those are term loans, flexi-hybrid loans, and flexi-term loans.
Unique Features
Just like other digital loaning facilities, Bajaj Finserv also has several unique features, such as:
The available loan amount you can take can become more than 40 lakh rupees.
The loan-taking process does not require you to visit the branch physically, as you can do it from your home.
As the facility offers three kinds of personal loans, you are free to choose from any one of them.
- Loan Amount: Up to 55 lakh personal loan.
- Interest Rate: Bajaj Finserv initiates its interest rate for personal loans at 10 percent p.a., and the home loan interest rate starts from 7.49 percent p.a.
- Tenure: This facility offers adjustable loan tenure for personal loans that can vary from 1 month to 60 months or even 8 years (96 months).
- Disbursal Time: 24 hours or 1 day of approval, and in some cases, it might even be faster.
- Eligibility: The candidate’s age needs to be between 21 to 80 years old, a national citizen of India, employment in a reputed institution, and a CIBIL score above 685.
4. Kissht
- Best For: Direct eligibility verification, fast documentation, quick personal loan approval, and many more.
- Rating: 4.6/5.
A different Best Loan Apps in India that we would like to suggest is Kissht. This digital facility can provide complete digital loans without much inconvenience in the process.
Unique Features
There are several ways for a candidate to pay their EMIs.
The entire loan-taking procedure can be done in online mode.
Personal loan amounts vary from 30000 to 5 lakh rupees.
- Loan Amount: Up to 5 lakh personal loan.
- Interest Rate: Their interest rate generally ranges from 14 percent to 24 percent each year.
- Tenure: Kissht offers flexible tenure that varies from 3 months to 24 months or 2 years.
- Disbursal Time: 5 minutes of approval.
- Eligibility: Candidate needs to be between 21 to 60 years, have a CIBIL score above 750, and more is preferred, and both self-employed and salaried candidates are eligible.
5. SmartCoin
- Best For: This loan facility is mainly ideal for people who have a low or middle salary and face financial struggles in their lives.
- Rating: 4.6/5.
This digital loan facility is also known as SmartCoin. Nonetheless, this facility is famous for its convenient lending services, especially for those who are trying to find small loans.
Unique Features
The complete documentation procedure can be done online without any physical presence in the branch.
A candidate can get a modest interest that starts from 18 percent per year.
The facility provides small loans that start from 1000 to 5 lakh rupees.
- Loan Amount: The minimum loan amount is 1000 rupees, and the maximum loan amount is 5 lakh rupees.
- Interest Rate: Onlyv or SmartCoin starts their interest rate from 18 percent each year.
- Tenure: The facility provides adjustable tenure that ranges from 2 months to 24 months alongside adjustable EMI choices.
- Disbursal Time: Most of the loans can be disbursed in a range of 24 hours to 48 hours.
- Eligibility: Candidate must be between 21 to 60 years with a minimum salary of 20000 rupees per month.
6. KreditBee
- Best For: Their loan approval procedure is instant and proficient.
- Rating: 4.5/5.
Just like several other Best Loan Apps in India KreditBee also provides its customers with various types of personal loan options. For instance, you can refer to personal and flexi loans for self-employed and salaried candidates, and their smaller loans are ideal for minimal financial coverage.
Unique Features
They can disburse the requested loan amount within 10 minutes.
You can do the entire loan-taking process, from start to finish, in online mode.
Depending on your loan type, your general amount of taking a loan can vary from 1 thousand to 5 lakh rupees.
- Loan Amount: Their typical loan amount mainly varies between 1000 to 5 lakh rupees.
- Interest Rate: This facility starts its interest rate from 17 percent to 29.95 percent per annum.
- Tenure: KreditBee’s loan repayment tenure can initiate at three months and rise to 10, 24, or even 36 months for personal or flexi loans.
- Disbursal Time: This facility can disburse the loan within 10 minutes.
- Eligibility: Candidates need to be an Indian citizen around 21 to 60 years old with a minimum monthly income of 10000 rupees, while in some cases the minimum amount can go up to 25000 rupees each month, alongside a minimum of 2 to 3 months of working experience.
7. Buddy Loan
- Best For: This financial facility is ideal for several financial situations, such as medical, travel, and marriage expenses.
- Rating: 4.5/5.
Another fascinating digital loan-taking facility is Buddy Loan, which has its main office in Bangalore. Moreover, this financial facility claims to have the highest loan approval rates among its competitors.
Unique Features
If you are a citizen of India with a valid Aadhaar card, you can effortlessly apply for the loan.
Candidates can get a minimum loan of 10000 rupees and up to 15 lakh rupees.
You can get your loan approved within 48 hours.
- Loan Amount: The facility offers a personal loan up to 15 lakh rupees.
- Interest Rate: Their interest rate initiates at 11.99 percent per annum.
- Tenure: 6 months to 5 years.
- Disbursal Time: You can get your loan approved within a range of 48 hours.
- Eligibility: Your age needs to be around 21 to 60, an Indian citizen with valid documentation. If you have self-employment, you will require your company’s GST data for approval.
8. LazyPay
- Best For: Instant loan approvals and other financial facilities.
- Rating: 4.4/5.
Among all the Best Loan Apps in India, LazyPay certainly makes it in the list. Nonetheless, this facility is known for approving loans instantly, similar to its competitors. Moreover, this facility also offers other financial services other than taking loans.
Unique Features
LazyPay evaluates the loan repayment on a deducted amount basis.
The facility offers a ‘purchase now and pay later’ choice.
Alongside getting loans, candidates also have the option to pay for their utility bills.
- Loan Amount: The facility provides a loan amount ranging from 5000 to 5 lakh rupees.
- Interest Rate: LazyPay starts its interest rate from 15 percent to 32 percent per year.
- Tenure: Their repayment tenure varies around 3 months to 60 months.
- Disbursal Time: This facility can disburse almost any loans within a minute.
- Eligibility: Your age needs to be around 22 to 55 years, living in tier 1 or tier 2 Indian areas, alongside a good CIBIL score.
9. Fibe
- Best For: It is ideal for adjustable payments, instant approvals, and many more.
- Ratings: 4.5/5.
This platform was previously known as EarlySalary. Furthermore, Fibe is popular among people because of its various types of services it provides. For instance, you can refer to accessibility to its consumers, personal loans, financial liberty, and many more.
Unique Features
Candidates can apply for multiple loans even if they have a few pending.
You can access their services almost 24 hours as they are open all day.
It can also provide advance payments with additional cash alongside the interest rate.
- Loan Amount: People can get a minimum loan of 5000 rupees and a maximum amount of up to 5 lakh rupees.
- Interest Rate: The facility offers an interest rate that starts from 12 percent per year.
- Tenure: The maximum tenure for the Fibe loan is 3 years or 36 months.
- Disbursal Time: It might take from a few minutes to an entire day.
- Eligibility: The applicant needs to be between 21 years to 55 years, an Indian citizen, a salaried individual, and self-employed with a good CIBIL score.
10. CASHe
- Best For: Direct, convenient, and fast, and supported over various platforms.
- Rating: 4.4/5.
This digital loan facility is ideal for taking urgent loans, especially if you are a salaried person. This facility operates with a unique feature called Social Loan Quotient (SLQ) for determining applicants’ eligibility for their loan.
Unique Features
You can quickly get the loan amount in your bank account within a day.
The entire loan-taking process can be completed in online mode.
This facility offers loyalty services that allow its applicants to experience several benefits.
- Loan Amount: It can range from 1000 to 4 lakh rupees.
- Interest Rate: CASHe offers a monthly interest of 2.79 percent per month.
- Tenure: It mostly varies from 2 months to 18 months.
- Disbursal Time: It can approve your loan within a few minutes.
- Eligibility: Applicants need to be at least 23 years old and a maximum of 58 years old with a minimum monthly income of 12000.
11. ZestMoney
- Best For: EMI loans without credit cards and instant loan approvals.
- Rating: 4.4/5.
ZestMoney is another crucial Best Loan Apps in India that provides loaning services with flexible offers. Nonetheless, this platform is known for instant services and convenient EMI choices.
Unique Features
Applicants do not require a credit score to apply for a loan.
You can also use the platform services for online shopping with convenient EMIs.
People can gain gift cards from popular shopping platforms.
- Loan Amount: Up to 5 lakh rupees.
- Interest Rate: ZestMoney starts its interest rate at 11.99 percent per year.
- Tenure: The tenure mainly varies from 6 months to 24 months.
- Disbursal Time: It can approve a loan within 7 days.
- Eligibility: Candidates have to be between 18 to 65 years, a national of India with validation proof like an Aadhaar card.
12. mPokket
- Best For: Young applicants, like college students, are eligible for a loan.
- Rating: 4.4/5.
If you are looking for a secured loaning app in India, then mPokket is your choice. Furthermore, this facility is ideal for many professions, such as salaried, self-employed, and even students who want instant loans.
Unique Features
The facility offers loans for people with low incomes.
College students are eligible to take a loan by providing their necessary academic details.
The loan procedure offers a low interest rate without a lengthy EMI process.
- Loan Amount: The Minimum loan varies from 500 to 45000 rupees.
- Interest Rate: Their interest rate can rise up to 48 percent per year.
- Tenure: The repayment time varies from 61 days to 1 year or 12 months.
- Disbursal Time: Within a few hours.
- Eligibility: Minimum candidate age is 18, with a minimum salary of 9000 rupees each month, and bank statements.
13. FlexSalary
- Best For: Personal loans with adjustable EMI options.
- Rating: 4.4/5.
The main office is located in Hyderabad. FlexSalary is one of the reliable loan-taking services you can come across in India for its instant loan approvals and adjustable EMI options.
Unique Features
Any salaried candidates can apply for a personal loan.
The services are available in several areas, such as Tier 1 and 2 areas, alongside the metro cities.
The EMI options are affordable for most applicants.
- Loan Amount: A minimum loan amount of 8000 rupees and a maximum loan amount of 3 lakh rupees.
- Interest Rate: The facility offers interest rates starting at 18 percent to 30 percent per year.
- Tenure: 10 to 36 months.
- Disbursal Time: Within 24 hours or 1 day.
- Eligibility: You have to be at least 21 years old, a salaried applicant, and have a minimum monthly salary of 8000 rupees.
14. Home Credit
- Best For: Instant approvals, competitive interest rates, and many more.
- Rating: 4.4/5.
There are several Best Loan Apps in India you can find, and one of the best and reliable ones is Home Credit, which offers fast and easy loan offers to its customers. Moreover, it is also available in several places in India.
Unique Features
You do not require a credit history to take a loan.
The services are available in more than 150 cities in India.
The facility is a part of the International Home Credit group and is available in various places.
- Loan Amount: Up to 5 lakh rupees.
- Interest Rate: It starts from 1.6 percent per year.
- Tenure: The repayment time may vary up to 48 months.
- Disbursal Time: It can disburse loans within an hour.
- Eligibility: Applicants need to be 18 to 60 years old, authentic ID or document, be self-employed, salaried, and have an active bank account.
15. True Balance
- Best For: Quick loan approvals and flexible personal loan offers.
- Rating: 4.4/5.
At the end of our list, we are going to mention the True Balance loan platform. This facility mainly offers its services to those customers who do not make online transactions or have insufficient credit scores.
Unique Features
Their credit is accessible all day.
The facility offers small loans for people with low incomes.
Their services claim to approve your loan within an hour.
- Loan Amount: The Minimum loan amount is 5000 rupees, and the maximum amount is 1.25 lakh rupees.
- Interest Rate: Their interest rate starts from 2.40 percent each month.
- Tenure: 3 months to 1 year.
- Disbursal Time: Within 30 minutes.
- Eligibility: Minimum age is 18 years old, and the maximum is 50 years old, with a minimum income of 20000 rupees per month, alongside self-employment.
How to Choose The Right Loan App
Choosing the right or ideal loan app in India requires several steps, such as:
- You need to verify whether the loan application is approved by the RBI or the NBFC; otherwise, it might be a fraud.
- You can go to the Google store or any relevant app store to check the ratings and reviews to observe its reliability.
- Verifying the app’s loan criteria alongside repayment choices and disbursal is also crucial.
- An ideal loan in India should have good customer service for queries, complaints, and other inconveniences.
Application Process Snapshots
A loan application process snapshots require you to go through different steps, for instance:
- Download the Best Loan Apps in India of your choice and sign up with your credentials.
- Entering your basic details such as full name, date of birth, PAN, or Aadhar ID.
- Checking the loan eligibility through the CIBIL score of income data.
- Uploading bank details and KYC such as PAN or Aadhar information, etc.
- Review the loan offer, such as the amount, EMI, interest rate, etc, and accept the following terms.
Risks And Best Practices
Taking a loan from an app in India invites several risks, so you need to adhere to some practices, such as:
- Hidden Payments: Some apps do not initially disclose a charging amount and later demand a big number, so it is always important to verify first.
- Privacy Concern: Most of the fraud applications ask for permissions such as camera, SMS, phone contacts, and many more.
- Harassment Cases: Several apps blackmail or threaten users for more money.
- Exorbitant Interest Rates: Many apps demand over 100 percent to 200 percent APR.
In Conclusion
Although it is highly preferable that you save some initially before taking a loan as if you are not able to pay the amount on time, you might get in trouble. However, even if you choose to take a loan from any other source, you have to make sure that you pay the due on time.
As we have mentioned several loaning apps in India, but choosing the perfect loaning app depends on your research. We also recommend taking a loan from a reliable as there are several cases of online scams these days.
FAQs
What is the most instant loan app in India?
Several loan apps offer instant loans, such as Moneyview, KreditBee, etc.
Can you take a loan through your Aadhaar card?
Yes, you can take a loan from your Aadhaar card from a reliable and trusted bank approved by the RBI.
How can you acquire a loan from Google Pay?
You can acquire a loan from Google Pay by going through the app and navigating to the loan option, and uploading the required documents.
How can you get 5000 rupees as a loan immediately?
You can get an instant 5000 rupees loan from many loan apps such as ZestMoney, Home Credit, and many more.
