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Top 10 Instant Loan Apps in India

We frequently need loans to fulfill our necessities throughout our lives. The most practical loan is personal, as no collateral is needed to apply for one. However, traditional banks spend a long time accepting personal loan applications.

Top 10 Instant Loan Apps in India

It is sometimes easier to receive one with a CIBIL (a three-digit numerical representation of one's credit history) score, also known as good credit history. Instant loan applications can be useful in situations like these.

Users of instant loan applications have access to loans very quickly. These apps save time because they don't require long credit analysis and don't emphasize mostly on credit history.

These apps save time since they do not require extensive documentation or approval procedures and do not emphasize credit history. Some Instant loan applications, meanwhile, could be more dependable.

Unauthorized rapid lending applications have caused a lot of inconvenience for users. Therefore, every one of us must be aware of India's top instant loan apps to use them to obtain credit without risk. The top 10 instant loan apps in India are listed below so that you can pick the best one.

1. Paysense

Top 10 Instant Loan Apps in India

Salary workers and self-employed people can register for an instant personal loan through Paysense's website and app. They offer a quick personal loan of up to Rs. 5 lakhs. One of India's greatest instant loan apps is this one without pay slips. More than 40 cities in India have access to it.

Professionals are earning at least Rs. Twelve thousand in salary per month and Rs. 15,000 in self-employment per month are eligible for loans from PaySense. It not only delivers the greatest instant loan app without income slips, but it also has an easy-to-use EMI calculator.

After downloading the cash loan app, the remaining tasks are to confirm your eligibility and upload the necessary documents. Their website also provides additional loans for cars, consumers, etc. The loan repayment terms range, which includes three to 60 months, is up to the applicant.

This online loan app has a minimum loan amount of Rs. 5000 and a maximum loan amount of Rs. 5,00,000. Paysense's USPs include fast approvals and payments, paperless documentation, affordable EMIs, many personal loans with one-time documentation, and qualification for loans even if you have no credit history.

  • Founded by: In 2015, Prashanth Ranganathan and Sayali Karanjkar.
  • Maximum Loan Range: ₹5,00,000
  • Minimum Loan Range: ₹5,000
  • Annual Interest rate: 16% - 36%
  • Rating: 4 stars

2. CASHe

Top 10 Instant Loan Apps in India

Another top instant loan app without payslip, CASHe, is one of the simple methods to obtain a loan. You must download the CASHe app to your smartphone and add the necessary documentation. Once authorized, the loan amount is immediately transferred to your account.

Additionally, you can have a part of the loan directly deposited into your Paytm account. The minimum and highest loan amounts are Rs. 9000 and Rs. 4,00,000. The USPs of CASHe include fascinating elements such as loyalty special offers and loan insurance. Without a credit history or CIBIL score, you can still apply for a loan with CASHe.

  • Founded by: In 2016, Raman Kumar
  • Maximum Loan Range: ₹ 4,00,000
  • Minimum Loan Range: ₹ 9000
  • Annual Interest rate: 27% -33%
  • Rating: 6 stars

3. Dhani

Top 10 Instant Loan Apps in India

Dhani began to operate as a drug store before launching its money loans. You can submit a loan application with Dhani for any purpose. Installing the app and providing your address, Aadhar number, and PAN number are all required for verification. After the Aadhar and address have been verified, it is a quick cash loan in 1 hour without paperwork.

The loan money is transferred to the bank account immediately after approval. If all requirements are satisfied, according to the service, the loan money will send to the borrower's account in about three minutes. One thousand rupees is the least, and 15,00,000 is the highest loan amount.

The loan term spans from three to twenty-four months. Zero interest is one of Dhani Loan's USPs when it is timely paid off and gives discounts at Dhani stores. However, it is preferable to have a strong CIBIL score of at least 750 when applying for loans.

  • Founded by: Sameer Gehlaut created Indiabulls Ventures Limited in 1995.
  • Maximum Loan Range: ₹ 15,00,000
  • Minimum Loan Range: ₹ 1000
  • Annual Interest rate: Starting at 13.99%
  • Rating: 4 stars

4. Money Tap

Top 10 Instant Loan Apps in India

Another top instant loan app without pay stubs is Money Tap, developing expertise in lending money. MoneyTap stands apart from other instant loan apps because of a special feature called "no usage, no money." It simply implies that you are only paid interest on the amount of money you utilize.

Downloading the online loan application and uploading the required paperwork are required here. When your proposal is received, you are granted a credit facility that you can utilize as required.

Given that Money Tap has worked with prominent NBFCs in India, it is one of the country's most reputable instant loan apps. Currently, the service provides services to numerous Indian cities, including Bangalore, Mumbai, NCR, and Hyderabad.

You must have a monthly income of at least Rs. Twenty thousand to be eligible for a loan. The smallest loan is for Rs. 3,000, while the largest is for Rs. 5,000,000. One of India's top fast lending apps, MoneyTap, is quickly increasing in popularity. Receiving a credit line from MoneyTap does not require a high CIBIL score.

  • Founded by: In 2015, Bala Parthasarathy, Anuj Kacker, and Kunal Verma
  • Maximum Loan Range: ₹ 5,00,000
  • Minimum Loan Range: ₹ 3,000
  • Annual Interest rate: 13% -36%
  • Rating: 1 stars

5. Home Credit

Top 10 Instant Loan Apps in India

Among the greatest personal loan apps and online loan apps in India, Home Credit is one of the country's oldest loan applications. This International Home Credit Group company's cash loan app is accessible in more than ten countries in Asia and Europe.

It works in more than 20 states and 150 cities throughout India. It offers a loan of up to Rs. 5 lakhs, which you may return in comfortable EMIs over six to thirty-six months. One of Home Credit's USPs is its simple choice of online or offline payment, rapid approval, the requirement of no credit history, and the absence of additional fees.

  • Founded by: PPF Group N.V and Emma Capital, founded in 1997 in the Czech Republic.
  • Maximum Loan Range: ₹ 5,00,000
  • Minimum Loan Range: ₹10,000
  • Annual Interest rate: 19% -56%
  • Rating: 3 stars

6. IDFC First Bank

Top 10 Instant Loan Apps in India

IDFC First Bank began operating in 2015. Another well-known and trustworthy choice for instant personal loans is IDFC First, previously known as Capital First. Personal loans are available from IDFC First, beginning at Rs 20,000. The maximum loan amount is Rs. 40 lakhs for salaried people and Rs. 9 lakhs for self-employed people. Yearly interest rates begin at 10.49%.

Additionally, consumers can transfer their loan balances from one bank to another via a balance transfer tool. Users have a flexible 60-month repayment period during which they can repay the loan.

In contrast to many other applications on our list, IDFC First may require a respectable CIBIL score before authorizing your loan, which is one of the disadvantages. Additionally, IDFC First App guarantees speedy online loan approval and payment.

  • Maximum Loan Range: ₹ 40,00,000 (Salaried Person), and ₹ 9,00,000 (self-employed)
  • Minimum Loan Range: ₹20,000 (Personal loan)
  • Annual Interest rate: Starting at 10.49%
  • Rating: 9 stars

7. PayMe India

Top 10 Instant Loan Apps in India

Due to its wide variety of advantages, PayMe India is one of India's most popular instant loan apps. This fintech company provides short-term financial help to salaried employees to satisfy immediate financial demands.

This platform includes more loan opportunities for all processes compared to other loan apps in India. It also includes both conventional and new lending strategies to access various clients. While Register for a platform account by submitting the required documentation using its instant cash loan app.

The finest short-term loan option is PayMe, which offers payday loans, salary advances, and other short-term loans. In contrast to other apps, PayMe gives a 45-day interest-free time limit. It also has several additional benefits, such as receiving Rs. 100 in cash for each successful referral.

PayMe provides a maximum loan amount of Rs. 2,00,000 with a monthly interest rate ranging from 1.38 to 2.96%. It is required to have a CIBIL Score of 650 or above.

  • Founded by: In 2015, Mahesh Shukla and Sandeep Singh
  • Maximum Loan Range: ₹ 2,00,000
  • Minimum Loan Range: ₹2,000
  • Annual Interest rate: 18% -42%
  • Rating: 2 stars

8. India Lends

Top 10 Instant Loan Apps in India

Another popular app for instant cash loans is India Lends, a top lending business in India. More than 50 personal loan and credit card companies are currently linked with the site. Many clients already use its services in more than 400 cities, making it the greatest rapid lending app available without salary slips.

It is among India's top 10 instant loan apps since it provides gold loans and other services. Due to the availability of more than 40 different cards and programs, India Lends skills at offering credit cards to its customers.

This instant loan app's key selling point is that it offers instant personal loans online at the best rates and disburses cash within 48 hours. The largest loan available is Rs. 5,00,000, with monthly interest rates ranging from 0.9% to 3%. It is preferable to have solid credit history and a credit score. In addition to certain pre-approved loan packages, India Lends provides customized loan choices.

  • Founded by: In 2015, Gaurav Chopra and Mayank Kachhwaha.
  • Maximum Loan Range: ₹50,00,000
  • Annual Interest rate: Starting at 10.75%
  • Rating: 4 stars

9. Money View

Top 10 Instant Loan Apps in India

One of India's greatest loan applications for unemployment is Money View because of its well-known credit rating system. Bengaluru, Karnataka, is home to the organization's main office.

The finest loan app in India is Money View because it helps users make and manage budgets, view their bank account balances, and plan and manage their spending, bills, and account balances.

It's also among the top online loan apps, providing up to Rs 5,00,000 in 24 hours. Its user-friendly interface enables clients to take out home, personal, and school loans rapidly.

It is regarded as the greatest online loan application since it has special features that let users get bill reminders, bank account balance checks, bill payment reminders, and other things.

  • Founded by: In 2014, Puneet Agarwal and Sanjay Agarwal
  • Maximum Loan Range: ₹5,00,000
  • Minimum Loan Range: ₹ 10,000
  • Annual Interest rate: 16% - 39%
  • Rating: 5 stars

10. mPokket

Top 10 Instant Loan Apps in India

One of India's most popular instant loan apps, mPokket was created specifically for salaried people and college students. The finest fast loan app in India without pay slips is mPokket, which offers instant personal loans to students in college and fresh graduates. It operates on the idea of pocket money. The first amount granted on this platform is Rs. 500, with a 3.5% interest rate.

Considering that students may pay back loans in 1 to 3 months, it is India's finest fast loan app. Short-term loans for salaried personnel are available up to Rs 30,000. Minimum paperwork is needed for the pupils.

Paid employees need to provide paperwork for their proof of employment and wage credits. The RBI has registered mPokket as an NBFC. Student loans don't require a credit score.

  • Founded by: In 2016, Mr. Gaurav Jalan
  • Maximum Loan Range: ₹ 30,000
  • Minimum Loan Range: ₹ 500
  • Annual Interest rate: Starting at 52%
  • Rating: 2 stars


The top 10 quick loan applications in India are mentioned above. Although loan has become more accessible because of these loan apps in India, you should always read the conditions of an agreement very carefully before signing one to ensure you entirely understand and are aware of the loan and repayment processes.

Achieving greater access to formal credit for millions of Indians results from the quick appearance and popularity of several instant loan apps. Suppose you've been thinking about getting a loan for whatever reason. Our article will assist you in selecting the finest online loan application in India that fully satisfies your needs.

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