A personal loan or line of credit can be of great help in emergencies and provide you with immediate financial support.
Online instant personal loan apps can be your best friend in case of an emergency. There are many good instant personal loan apps on the internet. Here we will discuss some of the best instant personal instant loans, which will give you easy loans easily and at low-interest rates.
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what are instant personal loan apps?
In this fast-paced and hectic life, instant personal loans have become a lifeline for many people. With the help of instant personal loan apps, everyone’s life has become much easier. In this era, even the people of acquaintance shy away from giving money and do not lend.
We get the loan easily with the help of an instant personal loan app. You can apply for an instant personal loan from your mobile while staying in the comfort of your home. Instant personal loans are the easiest way to get a loan. Ever since digitization happened, instant personal loans have become famous for being very simple and easy, and fast.
In this post, we will talk about the best online personal loan apps in India and also the features, interest rates, investment tenure, terms, services, etc. of all these loan apps. Here we will give you complete information about an instant personal loan. How can you get an instant personal loan?
Importance of instant personal loan apps
With the advent of instant personal loan apps, credit has become a vital resource for the common man. These loans make it very easy and quick for us to get funds for any emergency or any other work. Here below are some points that explain the importance of personal loans.
- Convenience:- With the instant personal loan app, you can apply for a loan conveniently from your mobile, whether you are at home or on the go. This gave us the advantage that we did not have to visit the bank and thus saved our time.
- Speed:- The instant personal loan app provides fast approval and instant disbursement and the user can withdraw money as per his requirement. This money can be used for emergency expenses and other work.
- Digital Verification:- This digital personal loan app uses a digital verification process which makes verification very quick and easy. It checks digital user details like CIBIL score and user account information. With this, it is known as soon as possible that the file of which the user has been accepted or rejected. If the user’s file is accepted, the money will be received as soon as possible.
- Flexibility:- The advantage of taking a loan from digital loan apps is that you can take a loan according to your need from these loan apps. This loan also gives you the option of easy loan repayment. This loan increases your CIBIL score.
- Comparison:- The advantage of instant personal loan apps is that there are many loan apps available online. You can take a loan from the loan app that has a low-interest rate.
Purpose of this blog:- The best instant personal loan apps
The aim of this blog is to highlight the best instant personal loan apps available online. We will review and compare various instant personal loan apps based on factors such as interest rates, loan limits, repayment terms, and customer service.
In this post, we would like to inform our readers about the features and benefits of instant personal loan apps. so that one can choose the loan with the most suitable interest.
Additionally, we aim to educate our readers on the process of applying for an instant personal loan through an app and provide tips on how to select the right app for them. By the end of this blog, our readers will have a clear understanding of the best instant personal loan apps and also how to choose the one that works for them.
Overview of Instant Personal Loan Apps
Instant Personal Loan App is a digital platform. Due to this, the customer gets the loan easily. These digital loan apps provide easy loans within minutes by checking the user’s bank statement and CIBIL. You can easily apply for a loan sitting at home from a mobile. Once the loan is approved, the money is credited to your account instantly.
With these digital loan apps, you can take a loan ranging from a few hundred rupees to a thousand rupees. The loan taken from here charges more interest than the bank. But there are some challenges and terms where the loan is repaid in weeks or months. It depends on the terms of the loan. Taking a loan from here is quite convenient as this app gives you the loan without checking the CIBIL.
How Instant Personal Loan Apps Work
There are some steps companies have taken to make it easier for anyone to get a personal loan instantly, which are given below.
- If a person wants a loan, then he has to download the app of that company and fill in his information like his name, address, bank account details, etc.
- This loan app verifies your details very quickly and the work is completed very quickly. This app lets you know instantly whether you will get the loan or not.
- If your loan is approved, the money will be credited to your account within a few minutes.
Top 10 Instant Personal Loan Apps
There are many instant personal loan apps online. A person can take a loan according to his needs and requirements. Here below is a list of some of the best loan options. You can choose as per your requirement.
| Loan Apps Name | Interest Rate (per month) % | Loan Amount | PlayStore Rating | Download App | Refer Code |
| KreditBee | 1.02~ 2.49 | 1k~3Lakh | 4.6 | Download App | ISWP0NVQP |
| Smart Coin | 1.8~2.5 | 4K~1Lakh | 4.5 | Download App | ZI4FT6PW |
| True Balance | 4.0 | 5K~50K | 4.3 | Download App | |
| Kissht | 1.66~2.33 | 1K~1Lakh | 4.2 | Download App | |
| Loan Front | 1.5 | 1K~2Lakh | 4.5 | Download Now | |
| Nira Finance | 1.67% to 2.25% | 2.5K~1Lakh | 4.4 | Download App | NM3SVX(24) |
| Money View | 1.33 | 5K~5Lakh | 4.7 | Download App | |
| Stashfin loan | 1.66~4.6 | 1K~2Lakh | 3.8 | Download now | ZIJAHDGI |
| Indialends | 2.03 | 10K~5Lakh | 4.0 | Download Now | |
| Fibe (Early Salary) | 1~2.5 | 5K~5Lakh | 4.5 | Download Now |
1. KreditBee personal loan
KreditBee is a popular instant personal loan app in India that offers loans of up to Rs. 2 lakhs. KreditBee is a platform that facilitates loan transactions between borrowers and personal loan providers such as NBFCs/Banks. All loan applications are processed and approved by NBFCs/Banks registered with RBI (The Reserve Bank of India). All the details are clearly mentioned in advance during the loan application.
KreditBee is one of the best instant personal loans in India. The Kreditbee loan app gives loans to those who need them for medical, travel education, home, and other reasons. This loan app gives easy loan approval in 15 minutes.
2. True balance personal loan
True Balance is fast, simple, and seamless. True Balance facilitates fast disbursement of loans which involves a few simple steps.
True Balance is a personal loan app trusted by over 75 million users across the country. Here, you can get a personal loan online from ₹ 5,000 to ₹ 50,000 for a minimum tenure of 62 days to 116 days at low processing fees. True Balance charges a loan fee of 4% per month. APR ranges from 60% to 154.8%.
3. NIRA Instant Personal Loan
NIRA partners with RBI-regulated NBFCs/Banks to facilitate loans to salaried individuals. NIRA offers instant loans up to ₹1,00,000 with really low interest rates and a credit line for future use.
Nira’s personal loan details
Loan Amount: Rs 5,000 to Rs 1,00,000
Minimum Annual Percentage Rate (APR): 24%, Maximum Annual Percentage Rate: 36% (reducing balance)
Minimum repayment period: 91 days, Maximum repayment period: 24 months
Processing Fees: Max (₹350 + GST, Up to 2%-7% of loan amount plus GST)
Prepayment Fees: Zero within 7 days of disbursal, 4% of prepayment amount thereafter
Late fee: In case the overdue exceeds 30 days, you’ll be charged Rs.500. Maximum late fee charged would be Rs.1000 if the overdue exceeds 90 days.
| 1 | Nira personal loan instant | Instant Personal Loan Platform loan |
| 2 | Loan Process | Digital KYC and Video KYC |
| 3 | Processing Fee | Up to 2.5% |
| 4 | Loan tenure | 6 months |
| 5 | Maximum Loan Amount Rs | 2.5K~5Lakh |
| 6 | Age Limit | 22-59 years |
| 7 | Eligibility Criteria | Salaried (Min 12K) |
| 8 | Citizenship | Indian |
| 9 | Example Loan | Amount Borrowed (Principal) = ₹14,999/- ✔ Interest Rate (APR) = 36% (on Reducing Principal Balance interest calculation) ✔ Tenure = 6 months ✔ Processing Fee (incl. GST) = ₹826 ✔ Amount disbursed = ₹14,173 ✔ Your EMI amount = ₹2769 (based on PMT method, sample monthly payment) ✔ Interest amount = ₹2769 x 6 – ₹14999 = ₹1614(sample interest calculation) ✔ Late Fee = ₹0 if paid on time ✔ Total Cost of Loan = Processing Fee + Interest Amount + Late Fee = ₹826 + ₹1614= ₹2440 ✔ Principal repayment amount = ₹14,999/- (same as amount borrowed) ✔ Total repayment amount = Principal repayment amount + Interest Amount + Fee = ₹14,999 + ₹1614 + ₹0 = ₹16,613 |
| 10 | Apply For Loan | Apply Now |
Steps for availing of an Instant Personal Loan from NIRA :
- Fill quick application form on our app. Receive loan approval decisions on qualification instantly.
- Once you qualify, upload
- Months bank statements, Aadhaar card, e-sign your loan agreement in our Aadhar Card Loan App, PAN card, Selfie.
- Get instant cash in your bank a/c and Money tap away.
4. Smart Coin personal loan
Founded in 2016, SmartCoin Financials Pvt. Ltd. is an app-based consumer lending platform. We partner with RBI-registered Non-Banking Financial Companies (NBFCs) to offer instant personal loans to self-employed and salaried individuals. With a vision to address the vast unmet financial needs in India, we are evolving from a micro-lending platform to providing a full suite of offerings, including gold savings, and insurance, among others.
Smart Coin personal loan details:-
With SmartCoin, you can get loans from ₹1,000 to ₹70,000 within a tenure of 91 days to 270 days at a minimum interest rate of 20% and maximum interest rate of 36%.
| 1 | Smart personal loan instant | Instant Personal Loan platform loan |
| 2 | Loan Process | Digital KYC and Video KYC |
| 3 | Processing Fee | Up to 2.5% |
| 4 | Loan tenure | 6 months |
| 5 | Maximum Loan Amount Rs | 4K~5Lakh |
| 6 | Age Limit | 22-59 years |
| 7 | Eligibility Criteria | Salaried (Min 12K) |
| 8 | Citizenship | Indian |
| 10 | Example Loan | If the loan amount is ₹40,000 & interest is 22% per annum with a tenure of 12 months, a processing fee of Rs. 750 will be charged. The interest for 12 months would come out to be ₹4,925. The EMI per month would be ₹3,744. This would translate to a maximum APR of 23.875%. The total cost of the loan will be ₹5,678. The total amount paid back including everything at the end of the term will be ₹45,678. |
| 11 | Apply For Loan | Apply Now |
| Use Refer code to get an extra point (ZI4FT6PW) |
5. Kissht Instant personal loan
Kisht App provides an instant credit line and helps small shop owners Give instant loans, and get the benefit of instant loans ranging from ₹ 10,000/- to ₹ 1,00,000/- depending on their credit profile. APR varies from 14% – 28% per annum and loan tenure range from 3 to 24 months.
Kissht Instant personal loan details:-
| 1 | Kissht personal loan instant | Instant Personal Loan platform loan |
| 2 | Loan Process | Instant Personal Loan Platform loan |
| 3 | Processing Fee | Up to 2.5% |
| 4 | Interest rates | 0%-36% |
| 5 | Loan tenure | 15days~3 months |
| 6 | Maximum Loan Amount Rs | 1K~1Lakh |
| 7 | Age Limit | 22-59 years |
| 8 | Eligibility Criteria | Salaried (Min 12K) |
| 9 | Citizenship | Indian |
| 10 | Example Loan | Revolving Line of Credit: Salaried customers can avail quick personal loan of ₹30,000 at an interest rate of 18% with a processing fee of ₹750 for the tenure of 12 months. APR is 22.91%. Loan amount (Principal): ₹30,000; Interest Rate: 18% per annum; Tenure: 12 months Interest Payable: ₹3,005, EMI: ₹2,750 per month, Total Repayment Amount: ₹33,000. Instant line of credit to small business: Self-employed can avail of a credit line of ₹1,00,000 for a period of 2 years. Over a two-year period, the total fees (including processing fees and one-time initiation fee) charged is 9%. The interest rate is 18% per annum, APR for the revolving credit line is 27.54%. |
| 11 | Apply For Loan | Apply Now |
How to apply for Kissht credit line
- Install Kissht app
- Register with a mobile number & accept basic permissions.
- Submit KYC documents for an instant credit check.
- Sign online loan agreements from approved NBFCs. Get instant loan approval and money is transferred to your bank account.
6. Money View Instant personal loan
Use the money view loans App to get instant personal loans starting from ₹10,000 up to ₹5,00,000 in just a few minutes! Our Annual Interest rates (APR) vary from 16% to 39%* & you can choose from a wide range of flexible EMI repayment plans starting from 3 months & going up to 5 years.
Money View Instant personal loan details:-
Money View has partnered with RBI-authorised & regulated NBFCs/Financial Institutions.
| 1 | Money personal loan instant | Instant Personal Loan platform loan |
| 2 | Loan Process | Digital KYC and Video KYC |
| 3 | Processing Fee | 2% – 8%* |
| 4 | Interest rates | 16% – 39%* (P.A.) |
| 5 | Loan tenure | 15days~3 months |
| 6 | Maximum Loan Amount Rs | 1K~2Lakh |
| 7 | Age Limit | 22-59 years |
| 8 | Eligibility Criteria | Salaried (Min 13.5K) |
| 9 | Citizenship | Indian |
| 10 | Example Loan | 1. Revolving Line of Credit: Salaried customers can avail quick personal loan of ₹30,000 at an interest rate of 18% with a processing fee of ₹750 for the tenure of 12 months. APR is 22.91%. Loan amount (Principal): ₹30,000; Interest Rate: 18% per annum; Tenure: 12 months 2. Interest Payable: ₹3,005, EMI: ₹2,750 per month, Total Repayment Amount: ₹33,000. Instant line of credit to small business: Self-employed can avail a credit line of ₹1,00,000 for a period of 2 years. Over the two-year period, the total fees (including processing fees and one-time initiation fee) charged is 9%. The interest rate is 18% per annum, APR for the revolving credit line is 27.54%. |
| 11 | Apply For Loan | Apply Now |
How to Apply:-
- Download the money view Loans App
- Provide basic details & check your eligibility in 2 mins!
- Choose your loan amount & repayment tenure
- Complete your KYC and verify your income
- Get the money transferred directly to your Bank A/c in a few hours!
7. Indialends Personal Loan
IndiaLends is an online marketplace for credit products and offers free credit reports, a range of credit cards, and personal loans from different Banks and NBCs. IndiaLends offers instant personal loans to its customers with most products being fully digital.
Indialends Instant personal loan details:-
IndiaLends also provides technology, data, and credit analytics solutions along with a loan management platform to financial institutions. IndiaLends is run by a team of credit risk professionals and data scientists with multiple years of experience in consumer credit.
| 1 | Indialends personal loan instant | Instant Personal Loan platform loan |
| 2 | Loan Process | Digital KYC and Video KYC |
| 3 | Processing Fee | 2% – 8%* |
| 4 | Interest rates | 10.25% to 25% (P.A.) |
| 5 | Loan tenure | 15days~6 months |
| 6 | Maximum Loan Amount Rs | 1K~5Lakh |
| 7 | Age Limit | 22-59 years |
| 8 | Eligibility Criteria | Salaried (Min 13.5K) |
| 9 | Citizenship | Indian |
| 10 | Example Loan | The total payout here would be: Principal Amount – Rs 5,00,000 Interest Charges (@25%): Rs 3,80,540 Loan processing Fee (@2%): Rs 10,000 Documentation Charges: 400 Amortization Schedule charges: 150 The total cost of the loan: Rs 8,91,090 |
| 11 | Apply For Loan | Apply Now |
8. Stashfin loan
Our loans range from ₹1000 to ₹5,00,000 with repayment periods starting from 3 months to 36 months. We offer interest rates ranging from 11.99% – 59.99% APR (Annual Percentage Rate), however, rates may vary from case to case. All loans are paid through Equal Monthly Instalments (EMIs) via electronic payment. We do charge low processing fees and have no other hidden costs.
Stashfin Instant personal loan details:-
- Get an instant loan upto ₹5,00,000
- Select convenient EMI tenure up to 36 months.
- Enjoy instant cash across needs.
- Pay interest only on the amount utilized.
| 1 | Stashfin personal loan instant | Instant Personal Loan platform loan |
| 2 | Loan Process | Digital KYC and Video KYC |
| 3 | Processing Fee | 2% – 8%* |
| 4 | Interest rates | 10.25% to 35% (P.A.) |
| 5 | Loan tenure | 15days~6 months |
| 6 | Maximum Loan Amount Rs | 1K~2Lakh |
| 7 | Age Limit | 22-59 years |
| 8 | Eligibility Criteria | Salaried (Min 13.5K) |
| 9 | Citizenship | Indian |
| 13 | Example Loan | The total payout here would be: Principal Amount – Rs 5,00,000 Interest Charges (@25%): Rs 3,80,540 Loan processing Fee (@2%): Rs 10,000 Documentation Charges: 400 Amortization Schedule charges: 150 The total cost of the loan: Rs 8,91,090 |
| 14 | Apply For Loan (ZIJAHDGI) | Apply Now |
9. Fibe (Early Salary)
Instant Cash Loans, Personal Loans, Online Loans, Instant Personal Loans First Instant Loan App in India.
Fibe Instant personal loan details
- Get an instant loan upto ₹5,00,000
- Select convenient EMI tenure upto 36 months
- Enjoy instant cash across needs
- Pay interest only on the amount utilized.
| 1 | Fibe personal loan instant | Instant Personal Loan platform |
| 2 | Loan Process | Digital KYC and Video KYC |
| 3 | Processing Fee | 2% – 8%* |
| 4 | Interest rates | 24% (P.A.) |
| 5 | Loan tenure | 15days~6 months |
| 6 | Maximum Loan Amount Rs | 1K~2Lakh |
| 7 | Age Limit | 22-59 years |
| 8 | Eligibility Criteria | Salaried (Min 13.5K) |
| 9 | Citizenship | Indian |
| 10 | Example Loan | • Loan amount: ₹ 50,000 • Processing fee (2% of loan amount * 18% GST) : ₹ 1,180 • Total Loan amount: ₹ 51,180 • Interest: 24% p.a. (on reducing principal balance interest calculation) • Tenure: 12 months • Your EMI: ₹ 4,840 • Total Amount to be paid: ₹ 4,840 x 12 = ₹ 58,075 • Total interest paid: ₹ 58,075 – ₹ 51,180 = ₹ 6,895 • Total cost of loan: ₹ 6,895 + ₹ 1,180 = ₹ 8,075 • APR (Annual Percentage Rate): 28.58% |
| 11 | Apply For Loan | Apply Now |
10. Loan Front Personal Loan
Financial needs crop up in many forms in your day-to-day lives. Sometimes you need small personal loans to keep you going till the next payday. Sometimes you need a larger amount to make big purchases or deal with emergency requirements. That is why our loan offerings start at Rs. 1500 and go right up to Rs. 2 lakhs.
Loan Front personal loan details:-
Flexi Personal Loan – A flexible loan option where you can avail of loans within 10 minutes as a direct bank transfer. All you need is your PAN Card & Address Proof to avail of ₹2,000 to ₹25,000 for a tenure ranging from 62 days to 3 months.
| 1 | Loan Front personal loan instant | Instant Personal Loan platform |
| 2 | Loan Process | Digital KYC and Video KYC |
| 3 | Processing Fee | 2% – 8%* |
| 4 | Interest rates | 12% to 35% (P.A.) |
| 5 | Loan tenure | 15days~6 months |
| 6 | Maximum Loan Amount Rs | 1K~2Lakh |
| 7 | Age Limit | 22-59 years |
| 8 | Eligibility Criteria | Salaried (Min 13.5K) |
| 9 | Citizenship | Indian |
| 10 | Example Loan | Loan Amount range: ₹2,000 to ₹200,000 Interest rates: From 12% to 35% per annum Loan Tenure: 62 days to 6 months Technology and other related fees: from ₹100 to ₹2500 max |
| 11 | Apply For Loan | Apply Now |
This, I have written to the best of my knowledge, and 70% of it is taken as a loan from you. this loan works great.
Conclusion
Instant personal loan apps have changed the way people in India access credit. These apps allow borrowers to apply for loans easily and quickly without the need for traditional banking systems. State-of-the-art algorithms and artificial intelligence are used by the app to evaluate the creditworthiness of the applicants and facilitate quick disbursement of the loan amount.
However, it is imperative to note that borrowing money is an important financial decision, and individuals should borrow only what is necessary and can be easily repaid.
FQA
What is an instant personal loan app?
An instant personal loan app is a mobile application that allows users to apply for a personal loan quickly and easily.
What are the eligibility criteria for instant personal loan apps in India?
The eligibility criteria for instant personal loan apps vary from app to app. However, generally, individuals between the ages of 21 and 58 years with a stable income source are eligible to apply for a loan.
What documents are required to apply for a loan through instant personal loan apps?
Most instant personal loan apps require the applicants to upload their PAN card, Aadhaar card, and bank statements. Some apps may also require additional documents, such as salary slips or address proof.
How long does it take for the loan amount to be disbursed?
The loan amount is usually disbursed within a few minutes to a few hours, depending on the app and the amount of the loan.
What happens if I am unable to repay the loan on time?
If you are unable to repay the loan on time, the app may charge additional interest or penalty fees. It is important to read the terms and conditions of the loan carefully before applying and to borrow only as much as can be repaid easily.
