Best Instant Personal Loan Apps In India

There can be many instances in life when the need for instant finances arises. It can be urgent medical emergencies, renovation expenses, wedding expenses, etc. When such situations occur, there are a lot of financing options available in today’s time. Securing an instant personal loan has been simplified, with approval processes becoming increasingly streamlined. 

Instant loan apps offer an easy and convenient way to help cover your sudden and unexpected expenses. With just a few steps and minimal documentation, you can have the loan credited to your account. 

There are a lot of instant personal loan apps available in the Indian market today. In this guide, we will have a look at 7 best loan apps that you can compare and choose from. 

7 Best Instant Personal Loan Apps In India 

1. KreditBee Instant Personal Loan App 

KreditBee offers quick, unsecured personal loans with a focus on digital convenience and minimal paperwork. It caters to a wide range of borrowers, including salaried individuals and those with limited credit history. 

Major Features 

• 100% Online Process: Apply, get approved, and receive funds without visiting a physical branch. 

• Instant Approval: Quick loan approval process, often within minutes. 

• Flexible Loan Amounts: Choose from a range of loan amounts to suit your needs. 

• Available 24/7: Apply for a loan according to your convenience anytime, day or night. 

• Minimal Documentation: Hassle-free application process with limited paperwork. 

• Competitive Interest Rates: Offers relatively lower interest rates compared to some lenders. 

• Flexible Repayment Tenure: Choose a repayment plan tailored to your finances. 

Apply for Instant Personal Loan on KreditBee 

2. CASHe Instant Personal Loan App 

CASHe offers instant personal loans designed for young professionals with a focus on quick disbursal, minimal documentation, and flexible repayment options. It utilizes a unique credit scoring system called Social Loan Quotient (SLQ) to assess creditworthiness. 

Major Features 

• Instant Approval and Disbursal: Get loan approval and funds within minutes. 

• Minimal Documentation: Efficient application with minimal documentation. 

• Flexible Loan Amounts and Tenures: Choose from various loan amounts and repayment periods. 

• No Collateral: Unsecured loans without the need for collateral. 

• Social Loan Quotient (SLQ): A unique credit scoring system based on social and digital footprint. 

• Overdraft Facility: Get funds on demand, up to your predetermined limit. 

• Buy Now, Pay Later Options: Available for eligible customers. 

• Loan Protection Insurance: Optional insurance coverage for added protection. 

Apply for Instant Personal Loan on CASHe  

3. Navi Instant Personal Loan App 

Navi offers a digital-first personal loan experience with a focus on speed, transparency, and minimal paperwork. Known for its tech-driven approach, Navi aims to provide quick loan approvals and disbursals. 

Major Features 

• Instant Approval and Disbursal: Quick loan processing and fund transfer. 

• 100% Digital Process: Paperless application, approval, and disbursement. 

• Competitive Interest Rates: Offers attractive interest rates on personal loans. 

• Flexible Repayment Tenure: Choose a repayment plan that suits your budget. 

• No Hidden Charges: Transparent loan terms with no hidden fees. 

• Minimal Documentation: Simple application process with limited paperwork. 

• Top-up Loans: Option to borrow additional funds against an existing Navi loan. 

• Customer-Centric Approach: Strong focus on customer satisfaction and support. 

Apply for Instant Personal Loan on Navi 

4. mPokket Instant Personal Loan App 

mPokket is a popular choice for small-ticket personal loans, especially among students and young professionals. It offers quick disbursals, minimal documentation, and flexible repayment options. 

Major Features 

• Instant Approval and Disbursal: Quick loan processing and fund transfer. 

• Small Ticket Loans: Offers loans suitable for small financial needs. 

• Minimal Documentation: Simple application process with limited paperwork. 

• Flexible Repayment Tenure: Customize your repayment with a range of options. 

• No Collateral Neccessary: Experience the freedom of getting loans without putting assets on mortgage. 

• Focus on Students and Young Professionals: Tailored products for this demographic. 

• Digital-First Platform: Entire loan process can be completed online. 

• Competitive Interest Rates: Offers relatively lower interest rates for small loan amounts. 

Apply for Instant Personal Loan on mPokket 

5. MoneyView Instant Personal Loan App 

Moneyview offers quick and convenient personal loans with a focus on digital lending. It caters to individuals with a need for immediate funds and provides a hassle-free application process. 

Major Features 

• Instant Approval and Disbursal: Quick loan processing and fund transfer. 

• Flexible Loan Amounts: Choose from a range of loan amounts to suit your needs. 

• Minimal Documentation: Simple application process with limited paperwork. 

• Competitive Interest Rates: Offers attractive interest rates on personal loans. 

• Flexible Repayment Tenure: Select a payment plan aligned with your income. 

• Digital-First Platform: Entire loan process can be completed online. 

• Top-up Loans: Option to borrow additional funds against an existing Moneyview loan. 

• Customer Support: Provides assistance throughout the loan process. 

Apply for Instant Personal Loan on MoneyView 

6. PaySense Instant Personal Loan App 

PaySense offers quick and convenient personal loans with a focus on individuals with limited or no credit history. They provide instant approvals and disbursals, making it a popular choice for urgent financial needs. 

Major Features 

• Instant Approval and Disbursal: Quick loan processing and fund transfer. 

• Loans for People with No Credit History: Cater to individuals with limited or no credit score. 

• Flexible Loan Amounts: Choose from a range of loan amounts to suit your needs. 

• Minimal Documentation: Simple application process with limited paperwork. 

• Competitive Interest Rates: Offers attractive interest rates on personal loans. 

• Flexible Repayment Tenure: Pick a payment plan you can afford. 

• Digital-First Platform: Entire loan process can be completed online. 

• Customer Support: Provides assistance throughout the loan process. 

Apply for Instant Personal Loan on PaySense 

7. Fibe Instant Personal Loan App 

Fibe offers quick and easy personal loans with a focus on minimal paperwork and instant disbursal. They cater to a wide range of borrowers with a user-friendly digital platform. 

Major Features 

• Instant Approval and Disbursal: Quick loan processing and fund transfer. 

• Minimal Documentation: Simple application process with limited paperwork. 

• Flexible Loan Amounts: Choose from a range of loan amounts to suit your needs. 

• Competitive Interest Rates: Offers attractive interest rates on personal loans. 

• Flexible Repayment Tenure: Find a repayment schedule that fits your spending habits. 

• No Prepayment Charges: Flexibility to repay the loan early without penalties. 

• Digital-First Platform: Entire loan process can be completed online. 

• Alternate Credit Scoring: Considers factors beyond traditional credit scores for eligibility. 

Apply for Instant Personal Loan on Fibe 

Documents Needed to Apply for Instant Personal Loan 

While the term "instant personal loan" implies minimal documentation, it's essential to understand that some basic verification is typically required. The exact documents may vary depending on the lender and loan amount. Although individual cases differ, here's a common list of documents. 

Basic KYC Documents 

• Identity Proof: Aadhaar card, PAN, driver’s license,  passport, or voter ID. 

• Address Proof: Aadhaar card, passport, driving license, voter ID card, or utility bill.    

• Income Proof (for salaried individuals) 

• Salary slips for the last three months. 

• Bank statements for the last three months. 

Additional Documents (may be required) 

• Proof of employment (like an offer letter or appointment letter) 

• Photographs 

• Bank account details 

Check out more instant personal loan apps here 

Disclaimer: All the features, interest rates, charges, and other information specified above are sourced when this page was written and are subject to change. For exact information, refer to the respective app’s website or contact them. 

Frequently Asked Questions 

1. Which is the fastest personal loan app? 

Factors such as loan amount and your financial profile affect approval speed. Several apps like Navi, Moneyview, and CASHe are known for quick approvals and disbursals. 

2. Can I get instant personal loan without documents? 

While some lenders claim to offer instant personal loans with minimal documentation, most require basic KYC verification. However, you might find options for small loan amounts with fewer documents. 

3. Which loan app will give instant loan? 

Several apps offer instant personal loans, including Navi, Moneyview, CASHe, and mPokket. The best option depends on your eligibility and loan requirements. 

4. How to get 10,000 rupees immediately without having a salary? 

Obtaining Rs. 10,000 immediately without a salary can be challenging. Consider short-term loans from apps like mPokket or CASHe.  

5. How to get INR 30,000 immediately? 

Instant personal loan apps can help you get INR 30,000 immediately under 24 hours after applying. 

Disclaimer: This page includes information that has been compiled from many sources and is only offered for informational purposes. Since this type of data might change over time, we cannot guarantee that the information supplied or included within it is accurate. It is anticipated that the user would confirm with the relevant source prior to taking any choices or actions.