7 Best Apps which Offer Personal Loan


In this entire financial system, personal loan applications have emerged as the best idea to provide a safe and hassle-free instant cash loan in India within 1 hour. When you have an urgent need for a quick cash loan, there are very few options. One is to get a personal loan from traditional banks, which can be a time-consuming process that requires a lot of paperwork and multiple document submissions. Check Top 7 Best Instant Personal Loan Apps 2020 below.

The other option is to get a credit card, but interest rates are very high. Asking your friends or relatives for money is another way, but it can be embarrassing. Not everyone is lucky enough to get a payday advance loan in India from their employers. So, the best way for quick cash flow in India is through personal loan apps.

The Internet has revolutionized the way India operates. Today you can buy veggies from vegetables to smart TVs and more, and sit in the comfort of your home. The situation is no different if you need quick and easy instant personal loans in India.

Also, Check –  Here is the Quick Loan guide you always wanted

India has some of the best instant personal loan apps, making your loan process much easier and more convenient. You can apply online with the required scanned documents, pay the loan amount at your doorstep or credit your bank account at your convenience.


To get instant cash loans in India, try these best loan apps:

1. MoneyTap

Maneytap is India’s first app-based credit line. The best part is its use-interest-free feature, which makes borrowing much cheaper. It is a personal loan application that provides customers with a line of credit, which acts as an instant credit or credit card.

MoneyTap is a lending company with flexible interest rates and currently serves clients in 30+ cities in Delhi, NCR, Mumbai, Bangalore, Hyderabad, and Chennai and India.

To understand how Moneytap’s Personal Credit 2.0 works, let’s look at a hypothetical example:

Arjun has allowed Lakh 1 lakh loan tax with money tape but only uses ₹ 50,000. If he had taken out a traditional personal loan, he would have been charged interest from the first day to the first Rs. But with MoneyTap, interest will only be charged for the amount he uses (₹ 50,000).

App link: https://get.moneytap.com/download-app/?shortlink=f15533a5&pid=Top-Loan-Apps-Blog

2. PaySense

Established by Sayalikranger and Prashant Ranganathan, Paysense is an instant cash application that provides instant cash loans online. You can use your phone or laptop to verify your creditworthiness, submit your KYC details and apply for a loan, and get approval within 5 hours.

The company offers online personal loans of up to 5 lakhs and can be used anywhere from your 5,000 to your authorized full limit. PaySense also offers an EMI calculator so you can check how much you pay each month.


3. Dhani

The telephone serial app, popularly marketed as a personal loan, instantly delivers credit to your bank account. You can apply for a personal loan at any time and anywhere. You can get loans up to ₹ 15 lakh immediately at an interest rate of 12%.

Also, Read – How to Apply for YES Bank Personal Loan? – Features and Eligibility

You can download the Dhani Credit app free of charge, enter your Aadhaar card number, your loan amount and get the loan amount immediately to your account.

App link: https://play.google.com/store/apps/details?id=com.indiaBulls


4. IndiaLends

India Lents is one of the largest cash loan applications in India for instant personal loans, credit cards, and free credit reports. Offers instant personal loans online with excellent interest rates and offers credit within 48 hours.

India Lend’s Instant Loan application in India utilizes data and technology extensively to improve workflow and risk assessments, making the lending process efficient, short and easy.

App link: https://play.google.com/store/apps/details?id=com.indialends.android&hl=en_IN

5. KreditBee

CreditBee is an instant personal loan application for young professionals. You can borrow up to Lakh 1 lakh. The loan process is 100% online. Delivery is made within 15 minutes and the amount is credited directly to your bank account.

App link: https://play.google.com/store/apps/details?id=com.kreditbee.android


Nira is a fintech company that provides loans to salaried professionals in India. The personal loan offered to you is in the form of a credit line, which has a credit limit of ₹ 3,000 to Lak1 lakh.

The loan period is 3 months to 1 year. You can withdraw at least ₹ 5,000 each time. The interest used on the loan amount depends on how much you borrow and when the loan is repaid.

Must Read – Kotak Mahindra Bank Personal Loan Interest Rates and How to Apply?

App link: https://play.google.com/store/apps/details?id=com.nirafinance.customer&hl=en

7. CASHe

CASHe is an app-based digital lending platform that offers short-term personal loans for a variety of financial needs, but only for salaried individuals. You need to provide documents such as pay slips, bank statements, address proof, and PAN card, all of which can be uploaded through the Cash Loan app when applying for a loan.

You can also check your creditworthiness and interest rates online using a quick calculator. The approved loan amount is ₹ 5,000 to Lak 2 lakhs, 15 days to 6 months. Repayment can be made each month by bank transfer or check deposit.

App link: https://play.google.com/store/apps/details?id=co.tslc.cashe.android&hl=en_IN

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