Top 10 Instant Personal Loan Apps in India 2025

Financial institutions and banks generally take a long time to process personal loan applications. Moneylenders charge you an arm and a leg in the name of interest on personal loans. So now the question arises: What should you be doing if you need an instant cash loan in India within an hour and without lengthy paperwork? The answer to this is an instant personal loan app. There is a wide range of options available in the market for instant personal loan apps, and it's easy to get lost in the details. Worry not, as this guide brings you the top 10 instant personal loan apps in India so that you can choose the right one for your needs.

What is an Instant Personal Loan App?

Firstly, let’s address what an instant personal loan app is and why you should be using it. Personal loan apps are smartphone applications that allow individuals to access unsecured loans. These apps have a simple design that makes them easy to use. They also do not require extensive application processes, thus making them a popular choice when it comes to availing funds when urgent financial needs arise.

Top 10 Instant Personal Loan Apps

To simplify the process, here’s a list of the 10 fastest instant loan apps that you can rely on when faced with a financial situation:

1. My Mudra Personal Loan App

My Mudra offers fast approval personal loans with various benefits. As personal loans are unsecured loans, they do not require collateral and heavy paperwork. Other than the generic benefits, My Mudra offers quick disbursement of funds so that the individuals signing up for it can use it in times of emergencies or urgent financial needs. Not just that, but My Mudra also offers personal loans with a minimum interest rate of 9.99% on an amount up to 50 lakhs. The repayment tenure is flexible, ranging from 12 to 84 months. With disbursal in 24 hours, it is one of the fastest instant loan apps online.

• Interest Rate: Starts at 9.99%
• Loan Amount: Upto 50 lakhs
• Tenure: 12 to 84 months

2. MoneyTap Personal Loan App

MoneyTap is another personal loan app that offers feasible interest rates and flexible repayment periods. 

• Interest Rate: Starts at 13%
• Loan Amount: Rs. 3000 to Rs. 5 lakhs
• Tenure: 2 to 36 months

3. Flex Salary Personal Loan App

You can get an instant personal loan and quick disbursal of funds by applying through a simple process on this particular app.

Flex Salary personal loan apps allow these benefits:

• Interest Rate: Up to 18%
• Loan Amount: Up to Rs. 2 lakhs
• Tenure: 10 to 36 months

4. Bajaj Finserv Personal Loan App

On this app, you can get personal loans for salaried employees and self-employed individuals without proof of income. This means you can get a personal loan without a salary slip.

• Interest Rate: Starts at 11%
• Loan Amount: Up to 50 lakhs
• Tenure: 12 to 72 months

5. Lazy Pay Personal Loan App

Let us call it an instant personal loan app without salary slip because you do not need any physical documents to apply for a loan here.

• Interest Rate: Starts at 15%
• Loan Amount: ₹ 10,000 to 5 lakh
• Tenure: 3 to 24 months

6. Home Credit Personal Loan App

With the home credit personal loan app, you can get personalized loan offers made just for you. The home credit loan app allows you the flexibility of easy EMI repayment through multiple options that are available on the app.

• Interest Rate: Starts at l9%
• Loan Amount: ₹ 10,000 to 5 lakh
• Tenure: 12 to 48 months

7. Smart Coin Personal Loan App

Olyv online personal loan app, previously known as Smart Coin, allows you to obtain a loan with low interest rates and flexible tenures.

• Interest Rate: Starts at l8%
• Loan Amount: ₹ 1,000 to 5 lakh
• Tenure: 2 to 24  months

8. Money View Personal Loan App

With no hidden fees, no excessive interest rates, and a flexible tenure, applying for a loan is easier than ever on the Money View online personal loan app.

• Interest Rate: Starts at l0%
• Loan Amount: ₹ 5,000 to 10 lakhs
• Tenure: Up to 60 months

9. CASHe Personal Loan App

CASHe instant personal loan app specialises in short-term personal loans for salaried individuals, allowing them the freedom to utilise funds for any purpose.

• Interest Rate: Starts at 30%
• Loan Amount: ₹ 10,000 to 4 lakhs
• Tenure: 3 to 18 months

10. Nira Personal Loan App

Nira is an easy-to-use platform with a fast disbursal process to approved customers within 24 hours.

• Interest Rate: Starts at 24%
• Loan Amount: ₹ 10,000 to 1 lakh
• Tenure: 3 to 13 months

Eligibility Criteria

An individual must fulfill the following eligibility requirements when applying for a personal loan:

Benefits of Using Personal Loan Apps

• User-Friendly Interface: These apps have a user-friendly interface that makes borrowing funds more accessible and easy for all users.
• 24/7 Availability: Personal loan apps are available all the time, making access to funds and financial assistance easy.
• Advanced Encryption Technology: You do not have to worry about your personal and financial data, as these apps ensure security.
• Discounts and Cashbacks: Another benefit is that these apps offer various discounts and cashback on transactions, making it a savings-friendly platform.

Important Note: Many apps show a “starting” interest rate, but the final cost may include processing fees, late payment penalties, and GST. Read the terms carefully to avoid surprises.

Summing Up

Now that you know the top 10 choices for the best online personal loan apps, choosing the one for your needs is straightforward. All you have to do is search online and make a quick comparison between India's various instant personal loan apps. In the changing times today, personal loan apps are the most convenient solutions for your fast cash needs. My Mudra stands as one of the best loan app for instant approval. So, if you are thinking of availing a personal loan, just get your phone out of your pocket and download the app!

Also read: Which Bank is Best for Personal Loan with Low Interest 2025