The demand for quick and easy loans has increased rapidly in India due to the rise of digital lending platforms. These instant loan app in india offer fast financial help with minimal paperwork. Whether you need a small loan for an emergency or a large amount for a big purchase, these apps cater to various needs. Here’s a look at the top 10 instant loan app in India, along with their features and application links.
1. KreditBee
KreditBee is a popular instant loan app in india for young professionals. It provides quick personal loans with very little documentation, making it easy to use. You can get loan amounts from ₹1,000 to ₹3,00,000, with approval in just 10 minutes.
- Loan Range: ₹1,000 to ₹3,00,000
- Interest Rate: Starts at 1.02% per month
- Repayment Period: 2 to 24 months
- Requirements: Indian citizen, 21-50 years old, PAN card, Aadhaar card, bank details
- Apply Online: KreditBee Website
2. PaySense
PaySense offers instant personal loans for both salaried and self-employed individuals. The app provides loans up to ₹5,00,000 with a simple application process, including KYC verification.
- Loan Range: ₹5,000 to ₹5,00,000
- Interest Rate: Starts at 1.08% per month
- Repayment Period: 3 to 60 months
- Requirements: Minimum monthly income of ₹15,000, PAN card, Aadhaar card, bank statements
- Apply Online: PaySense Website
3. Dhani
Dhani offers quick personal loans and features a “OneFreedom” card, which works like a credit card with 0% interest on payments. You can get loans up to ₹15 lakhs with flexible repayment options.
- Loan Range: ₹1,000 to ₹15,00,000
- Interest Rate: Starts at 1% per month
- Repayment Period: Up to 36 months
- Requirements: Indian citizen, 21-60 years old, PAN card, address proof
- Apply Online: Dhani Website
4. Navi
Navi, founded by Sachin Bansal, provides instant personal loans through a fully digital process. You can borrow up to ₹20 lakhs with low interest rates.
- Loan Range: ₹10,000 to ₹20,00,000
- Interest Rate: Starts from 9.99% per year
- Repayment Period: Up to 72 months
- Requirements: Indian citizen, 18-65 years old, PAN card, Aadhaar card
- Apply Online: Navi Website
5. MoneyTap
MoneyTap offers an app-based credit line for instant loan app in india. You can borrow any amount from your approved limit up to ₹5 lakhs as needed.
- Loan Range: ₹3,000 to ₹5,00,000
- Interest Rate: Starts at 1.08% per month
- Repayment Period: 2 to 36 months
- Requirements: Minimum monthly income of ₹20,000, PAN card, address proof
- Apply Online: MoneyTap Website
6. CASHe
CASHe targets young professionals with short-term loans up to ₹4 lakhs. It uses a unique Social Loan Quotient (SLQ) for credit evaluation.
- Loan Range: ₹1,000 to ₹4,00,000
- Interest Rate: Starts at 1.5% per month
- Repayment Period: Up to 12 months
- Requirements: Salaried individual, 21-60 years old, PAN card, Aadhaar card
- Apply Online: CASHe Website
7. EarlySalary
EarlySalary is aimed at salaried professionals who need quick cash before their payday. It offers loans with easy repayment options and a credit score tracker.
- Loan Range: ₹5,000 to ₹5,00,000
- Interest Rate: Starts at 2.5% per month
- Repayment Period: Up to 24 months
- Requirements: Minimum monthly income of ₹18,000, PAN card, Aadhaar card
- Apply Online: EarlySalary Website
8. LazyPay
LazyPay provides instant personal loans and a buy-now-pay-later option, perfect for small, quick loans with minimal documentation.
- Loan Range: ₹10,000 to ₹1,00,000
- Interest Rate: Starts at 1.5% per month
- Repayment Period: Up to 24 months
- Requirements: Indian citizen, 22-55 years old, PAN card
- Apply Online: LazyPay Website
9. mPokket
mPokket is a instant loan app in india designed for college students and young professionals. It provides small, instant loans for urgent needs.
- Loan Range: ₹500 to ₹30,000
- Interest Rate: Starts at 1% per month
- Repayment Period: 1 to 3 months
- Requirements: College ID, PAN card, bank details
- Apply Online: mPokket Website
10. Credy
Credy offers fast personal loans with minimal paperwork, focusing on education, medical expenses, and debt consolidation.
- Loan Range: ₹10,000 to ₹1,00,000
- Interest Rate: Starts at 1.25% per month
- Repayment Period: Up to 12 months
- Requirements: Salaried individual, 21-55 years old, PAN card, address proof
- Apply Online: Credy Website
FAQs on Instant Loan App in India 2024
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