Top 10 Cash Advance Loan Apps In India

Cash Advance Loan Apps offer a convenient solution for managing short-term financial requirements. These apps provide instant loans with minimal documentation, making them a preferred choice for individuals looking for quick access to funds. Here, we explore the top 10 cash advance loan apps in India that stand out for their unique features, loan amounts, and competitive interest rates. 

What is a Cash Advance Loan? 

A Cash Advance Loan is a short-term loan designed to meet immediate financial needs. These loans are typically unsecured, meaning no collateral is required, and are offered at competitive interest rates. They are similar to Personal Loans, but with shorter tenure and quicker disbursal. Borrowers can repay the loan in installments, making it a flexible option for emergencies or planned expenses. 

Key Benefits of Cash Advance Loan Apps 

1. Quick Disbursal: Most apps disburse loans within 24 hours of approval. 

2. Minimal Documentation: A PAN card, Aadhaar card, and income proof are often sufficient. 

3. Flexible Tenures: Ranging from 3 months to 5 years depending on the loan amount. 

4. Credit Score Friendly: Some apps approve loans without a credit score or provide options to improve your score. 

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Top Cash Advance Loan Apps - Snapshot  

Detailed Overview of the Top Cash Advance Loan Apps 

1. LazyPay 

LazyPay offers instant personal loans with minimal documentation. It is suitable for salaried professionals looking for quick and small-ticket loans. 

• Loan Amount: ₹3,000 to ₹5,00,000 

• Interest Rate: Starting at 18% p.a. 

• Key Features: 

• Quick approval process 

• No collateral required 

• Flexible EMI options 

2. CASHe 

CASHe caters to salaried employees seeking loans for emergencies or lifestyle expenses. Its AI-driven Social Loan Quotient (SLQ) makes it unique. 

• Loan Amount: ₹45,000 to ₹3,00,000 

• Interest Rate: Starting at 25% p.a. 

• Key Features: 

• AI-based loan approval 

• Paperless application process 

• Multiple repayment tenures 

3. BuddyLoan 

BuddyLoan connects borrowers with multiple lenders, offering a wide range of loan products for various needs. 

• Loan Amount: ₹10,000 to ₹15,00,000 

• Interest Rate: Starting at 11.99% p.a. 

• Key Features: 

• High loan amount availability 

• Competitive interest rates 

• Fast loan disbursal 

4. RapidRupee 

RapidRupee is designed for salaried individuals needing small-ticket loans quickly. 

• Loan Amount: ₹1,000 to ₹60,000 

• Interest Rate: Starting at 12% p.a. 

• Key Features: 

• No credit score required 

• Same-day loan disbursal 

• Secure and user-friendly app 

5. Loanbaba 

Loanbaba offers loans with flexible repayment terms and caters to diverse borrowing needs. 

• Loan Amount: ₹10,000 to ₹1,00,000 

• Interest Rate: Starting at 3% per month 

• Key Features: 

• Pre-approved loan options 

• Loan tracking feature 

• Multiple repayment modes 

6. RapidPaisa 

RapidPaisa provides instant loans with a focus on small-ticket financial needs. 

• Loan Amount: ₹1,000 to ₹60,000 

• Interest Rate: Starting at 12% p.a. 

• Key Features: 

• Instant approval 

• Minimal paperwork 

• Easy-to-navigate app interface 

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7. Fibe (formerly EarlySalary) 

Fibe is ideal for salaried employees looking for no-penalty loans and quick approval. 

• Loan Amount: ₹8,000 to ₹5,00,000 

• Interest Rate: Starting at 12% p.a. 

• Key Features: 

• No prepayment penalty 

• Instant loan approval 

• Rewards for timely repayment 

8. CapitalNow 

CapitalNow is known for its fast approval process and seamless experience. 

• Loan Amount: ₹2,000 to ₹1,50,000 

• Interest Rate: Up to 24% p.a. 

• Key Features: 

• Loan approval in minutes 

• Competitive interest rates 

• User-friendly application process 

9. Kredito24 

Kredito24 provides small-ticket loans quickly with a transparent fee structure. It is suitable for short-term financial needs. 

• Loan Amount: ₹1,000 to ₹40,000 

• Interest Rate: Up to 0.2% per day 

• Key Features: 

• Instant loan approval 

• Flexible repayment tenures 

• Transparent and secure process 

10. MoneyMate 

MoneyMate is a reliable app for individuals seeking small-ticket loans at competitive rates. 

• Loan Amount: ₹1,000 to ₹60,000 

• Interest Rate: Starting at 12% p.a. 

• Key Features: 

• Fast processing 

• Flexible repayment tenures 

• Low-interest rate options  

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Eligibility to Apply for Cash Advance Loan 

Eligibility criteria for cash advance loans may vary by app, but the general requirements include: 

• Minimum age: 21 years 

• Indian citizenship 

• Stable source of income (salaried or self-employed) 

• Valid PAN and Aadhaar card 

Process to Apply for a Cash Advance Loan 

1. Choose your preferred app from the list and install it. 

2. Sign up using your phone number and email ID. 

3. Fill in your name, address, and income details. 

4. Upload the required documents. 

5. Select loan amount and repayment period. 

6. Upon approval, the loan amount will be credited to your account. 

What are the Documents Required for a Cash Advance Loan 

• Identity Proof: PAN card or Aadhaar card 

• Address Proof: Aadhaar card, Voter ID, telephone bills or any other utility bills 

• Income Proof: Recent salary slips, bank statements of past 6 months, IT returns & business documents for self-employed individuals 

Tips to Use Cash Advance Loan Apps Wisely 

• Compare Interest Rates: Always compare rates across apps to find the best deal. 

• Borrow Responsibly: Only borrow the amount you can repay comfortably. 

• Check Hidden Charges: Look for processing fees, prepayment penalties, or late payment charges. 

• Maintain a Good Credit Score: Timely repayments can improve your score for future borrowing. 

Frequently Asked Questions  

1. Which app offers the lowest interest rate? 

BuddyLoan offers interest rates starting at 11.99% p.a., making it one of the lowest among the listed apps. 

2. Are these apps safe to use? 

Yes, the listed apps follow secure practices and are registered with regulatory authorities in India. 

3. Can self-employed individuals apply for loans? 

Yes, apps like Kredito24 and BuddyLoan cater to both salaried and self-employed individuals. 

4. What is the maximum loan amount I can get? 

BuddyLoan offers the highest loan amount of up to ₹15,00,000. 

5. Do I need a credit score to get a loan? 

Apps like RapidRupee and RapidPaisa do not require a credit score, making them accessible to a broader audience. 

 

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.