These platforms are designed to offer flexible repayment options, competitive interest rates, and a smooth application process—all without hidden fees or red tape.

In this updated guide, we’ve carefully compared and ranked the best personal loan apps in India, including the best app for personal loan and the best app for loan with low interest. You’ll also discover the best loan application for different user needs—whether you're salaried, self-employed, or a first-time borrower. Plus, we highlight the best online loan app for quick disbursal, and the best loan provider options that deliver real value.


 

TrustPaisa is one of the best personal loan apps in India for 2025, offering a fully online loan application process with affordable and competitive interest rates and fast approval. Whether you’re salaried or self-employed, TrustPaisa helps you meet your urgent financial needs with zero paperwork.

Key Features:

• Loan amount: Up to ₹45,000
• Interest rates: 18.25% to 36% p.a.
• 100% online process – no branch visits
• Flexible repayment: 61 days to 365 days
• Best app for personal loan with quick disbursal

Why it’s one of the best instant loan apps:

• Fast approval, with minimum documentation required
• Affordable EMI options
• High app rating from thousands of users

CASHe is a popular instant financing app offering fast personal loans to salaried professionals. With interest rates starting at 2.79% per month and loans up to ₹3 Lakh, CASHe is ideal for short-term financial needs.

Key Features:

• Maximum loan amount: ₹3 Lakh
• Quick digital KYC and disbursal
• Paytm wallet support
• Flexible loan tenure: up to 18 months
• Among top loan apps in India for 2025

PaySense offers instant personal loans to both salaried and self-employed borrowers. It’s one of the best loan apps in India for users looking for a flexible process with wide eligibility criteria.

Key Features:

• Loans from ₹5,000 to ₹5,00,000
• No collateral or high credit score required
• 1.4% to 2.3% interest per month
• Available on both web and mobile

One of the best loan applications with easy tracking

Bajaj Finserv is a leading name in the Indian fintech space and one of the best and hassle free loan providers in the country. With high-value loans of up to ₹55 Lakh and a repayment tenure of up to 96 months, it’s perfect for users looking for big-ticket financing options.

Key Features:

• Loan amount: Up to ₹55,00,000
• Interest rates from 10% to 31% p.a.
• Flexible tenure up to 8 years
• Easy eligibility and paperless process
• Best loan app in India for large personal loans

Why it’s trusted:

• High credibility and wide presence across India
• Best app for loan if you need long-term repayment
• Top-rated on both Android and iOS platforms

LazyPay has earned its place as one of the best instant loan apps in India thanks to its seamless application process and pre-approved credit offers. Whether you're shopping online or need emergency funds, LazyPay has you covered.

Key Features:

• Loan amount: Up to ₹5,00,000
• Interest rates from 12% to 36% p.a.
• Approval in minutes with minimal documentation
• Repayment tenure up to 24 months
• Best online loan app for fast credit access

Why it stands out:

• Trusted by millions for instant digital credit
• Integrated with popular e-commerce platforms
• Hassle-free user experience and transparent terms

Buddy Loan is one of the best loan apps in India for those seeking a peer-to-peer lending platform with personalized offers. It offers personal loans up to ₹15 Lakh with minimal documentation and a user-friendly mobile interface.

Key Features:

• Loan amount: Up to ₹15,00,000
• Interest rates starting at 11.99% p.a.
• Tenure: 6 months to 5 years
• Fast approval and disbursal
• Best loan app with low interest for creditworthy users

Why people choose it:

• One of the best loan applications for flexible borrowing
• Transparent loan terms with no hidden charges
• Strong customer service and easy eligibility criteria

KreditBee is one of the best online loan apps in India for young salaried professionals and first-time borrowers. Offering loans from ₹6,000 to ₹10 Lakh, KreditBee is known for its fast processing, competitive rates, and flexible tenure of up to 60 months. It’s an ideal option for those looking for the best loan app with low interest and minimal documentation.

Key Features:

• Loan amount: ₹6,000 to ₹10,00,000
• Interest rate: 12% – 28.50% p.a.
• Tenure: 6 to 60 months
• Quick online approval with easy KYC
• Best app for personal loan for salaried individuals

mPokket is a top-rated loan app designed for college students and young professionals who need short-term financial support. With loans starting as low as ₹1,000, this platform offers fast disbursals and simple requirements, making it one of the best instant loan apps in India for students.

Key Features:

• Loan amount: ₹1,000 to ₹50,000
• Interest rate: 24% – 39% p.a.
• Tenure: 6 to 12 months
• Perfect for students and first-time earners
• One of the best loan applications for small needs

ZestMoney is the best app for personal loan seekers without a credit score. This app allows users to access up to ₹5 Lakh without requiring a traditional credit history. It uses alternative data and AI to assess creditworthiness and is one of the best loan apps in India for new-to-credit users.

Key Features:

• Loan amount: Up to ₹5,00,000
• Interest rate: 14% p.a. onwards
• Tenure: 3 to 36 months
• Buy now, pay later functionality
• Best online loan app for credit-invisible users

True Balance is a popular money management app that also offers instant personal loans. It is considered one of the best loan apps in India for users seeking smaller amounts with flexible repayment.

Key Features:

• Loan amount: ₹5,000 to ₹2,00,000
• Interest rate: 2.40% per month onwards
• Tenure: 6 to 12 months
• Fast disbursal and simple interface
• Best instant loan app in India for small-ticket borrowing

Home Credit is a trusted personal loan provider with a strong presence across India. Offering loans up to ₹4.8 Lakh, it caters to diverse financial needs with transparent terms and a user-friendly mobile app.

Key Features:

• Loan amount: ₹10,000 to ₹4,80,000
• Interest rate: 1.60% per month onwards
• Tenure: 9 to 60 months
• Best loan provider for mid-size financial needs
• Available in multiple Indian cities

FlexSalary is one of the best personal loan apps in India for salaried professionals needing flexible borrowing options. With a one-time application and multiple withdrawals, it works like a personal line of credit.

Key Features:

• Loan amount: Up to ₹3,00,000
• Interest rate: 18% to 36.50% p.a.
• Tenure: Up to 36 months
• Quick approval with flexible usage
• Best app for personal loan with credit line features

Navi offers high-value personal loans up to ₹20 Lakh with minimal documentation and fast approvals. It’s one of the best loan applications in India for users looking for large amounts without tedious paperwork.

Key Features:

• Loan amount: Up to ₹20,00,000
• Interest rate: Up to 26% p.a.
• Tenure: Up to 84 months
• 100% digital application and disbursal
• Best loan app in India for big-ticket expenses

NIRA Finance is ideal for salaried professionals with a moderate income who need short-term funding. With loans starting at ₹5,000, it’s one of the best instant loan apps in India offering monthly repayments.

Key Features:

• Loan amount: ₹5,000 to ₹1,50,000
• Interest rate: 2% per month onwards
• Tenure: 3 to 24 months
• Easy-to-use app and quick verification
• Best app for loan with quick monthly disbursals

Finnable provides fast and paperless personal loans with flexible terms. It’s especially useful for salaried individuals looking for quick access to funds.

Key Features:

• Loan amount: ₹25,000 to ₹10,00,000
• Interest rate: 16% to 35.99% p.a.
• Tenure: 6 to 60 months
• Quick approval process
• Best loan provider for medium to high loan needs

Freo, formerly MoneyTap, offers an app-based credit line with flexible drawdowns and interest on usage. It’s one of the best online loan apps in India for users seeking control over their borrowing.

Key Features:

• Loan amount: ₹3,000 to ₹5,00,000
• Interest rate: 12% to 36% p.a.
• Tenure: 3 to 36 months
• Pay interest only on used amount
• Best personal loan app with no usage, no interest policy

Pocketly is one of the best instant loan apps in India for students and young professionals who need small amounts for short durations. With a fast approval process and a user-friendly app, Pocketly makes micro-financing accessible and stress-free.

Key Features:

• Loan amount: Up to ₹50,000
• Interest rate: 2% per month onwards
• Tenure: 2 to 6 months
• Minimal eligibility criteria
• Best loan app in India for short-term borrowing

IndiaLends is more than just a loan app. Along with offering loans up to ₹25 Lakh, it helps users track credit scores and improve financial health. It’s one of the best personal loan apps in India for users who want both funding and financial tools.

Key Features:

• Loan amount: Up to ₹25,00,000
• Interest rate: 10.25% p.a. onwards
• Tenure: 1 to 5 years
• Credit score checker included
• Best app for personal loan with added financial services

Hero FinCorp provides unsecured personal loans quickly and efficiently. With flexible repayment and easy application, it is ideal for borrowers looking for reliable financing from a reputed brand.

Key Features:

• Loan amount: Up to ₹5,00,000
• Interest rate: 19% p.a. onwards
• Tenure: 12 to 36 months
• Backed by the Hero Group
• Best loan application for mid-income salaried users

StashFin is one of the best loan apps in India for those with limited credit history or unique borrowing needs. It offers quick disbursals, transparent terms, and flexible repayment.

Key Features:

• Loan amount: ₹1,000 to ₹5,00,000
• Interest rate: 21% to 45% p.a.
• Tenure: 12 to 36 months
• No hidden charges or collateral required
• Best loan app with low entry barriers

Lenditt is a newer personal loan app that provides microloans with fast approval and daily repayment terms. It’s ideal for those seeking ultra-short-term solutions for everyday expenses.

Key Features:

• Loan amount: ₹7,500 to ₹3,00,000
• Interest rate: 28% p.a. onwards
• Tenure: Up to 365 days
• Simple UI and rapid KYC
• Best instant loan app in India for gig workers

PayMe India is a salary-based personal loan app that offers fast payday loans to salaried professionals. It combines traditional and digital lending methods to provide short-term financing.

Key Features:

• Loan amount: Up to ₹10,00,000
• Interest rate: 1.50% per month onwards
• Tenure: 3 to 24 months
• Fast approval for salary-based users
• Best loan provider for advance salary needs

Dhani offers not just personal loans but also shopping, health, and card services in one app. It's one of the most versatile financial apps, providing instant loans up to ₹15 Lakh.

Key Features:

• Loan amount: ₹1,000 to ₹15,00,000
• Interest rate: 13.99% p.a. onwards
• Tenure: 3 to 24 months
• Multi-service platform with lending features
• Best app for loan with integrated lifestyle services

LoanTap is known for its variety of personal loan products designed to suit every need—from rental deposits to wedding loans. It’s ideal for users looking for flexible repayment options.

Key Features:

• Loan amount: ₹50,000 to ₹10,00,000
• Interest rate: Up to 29% p.a.
• Tenure: 6 to 60 months
• Custom loan products like EMI-free and step-up loans
• Best app for personal loan with tailored options

RupeeRedee is one of the fastest loan apps in India offering instant approval and disbursal for small-ticket loans. It’s an excellent option for users who need money in a hurry with minimal documentation.

Key Features:

• Loan amount: ₹2,000 to ₹1,49,000
• Interest rate: 12% to 36% p.a.
• Tenure: 3 to 12 months
• Fast loan decision and same-day credit
• Best instant loan app in India for emergencies

1. Which is the best loan app in India in 2025?

When it comes to choosing the best loan app in India in 2025, TrustPaisa consistently ranks among the top personal loan apps for Indian borrowers. It’s widely praised for its fast loan processing times, competitive interest rates, and broad accessibility across different user types. Whether you are a salaried employee, a freelancer, or a self-employed business owner, TrustPaisa provides instant financial assistance with minimal hassle for any needs.

The platform offers a 100% paperless application process, simple KYC verification, and quick loan disbursal directly to your bank account—often within hours of approval. Users highlight its transparent loan terms and flexible repayment plans, making it easier to manage EMIs without financial stress.

Beyond personal loan disbursal, TrustPaisa includes helpful tools like a built-in EMI calculator, repayment reminders,personalized communication via email and push notifications, and customer support chat. This makes it ideal for a range of needs—whether you’re facing a medical emergency, funding a wedding, paying education fees, or handling a short-term cash crunch. Thanks to its user-friendly interface and speed of approval, TrustPaisa remains a go-to instant loan app in India for millions of users.

2. What is the best app for instant personal loan with low interest?

If you’re searching for the best instant loan app in India with low interest rates, TrustPaisa, PaySense, and MoneyView consistently stand out as top choices. These platforms are designed with one primary goal in mind—making borrowing more affordable through low-cost EMIs while still maintaining quick approval times and flexible loan amount options that suit a wide range of financial needs. Instead of applying a one-size-fits-all approach, these apps take into account your income level, employment type, and repayment history to offer customized interest rates that ensure fairness and cost efficiency.

One of the most attractive aspects of these loan apps is their fully paperless application process, which eliminates the need for time-consuming in-person visits or physical paperwork. This digital-first approach significantly speeds up the loan journey, allowing borrowers to apply, get approved, and receive funds without unnecessary delays. The real-time loan status tracking feature further enhances the user experience, enabling applicants to monitor every stage of their loan process directly from the mobile app.

To make borrowing even more affordable, many of these platforms also introduce limited-time promotions and seasonal offers. These can include waived or reduced processing fees, cashback rewards for timely repayments, or special lower interest rates for first-time borrowers. Such incentives not only reduce the immediate cost of borrowing but also reward responsible financial behavior over time.

Behind the scenes, these apps utilize AI-powered risk assessment models and advanced data analytics to tailor loan offers to individual borrowers. This personalized approach ensures that you only pay what is necessary based on your profile and repayment capacity, rather than being subject to generic, often higher, market rates. The combination of affordability, speed, and repayment flexibility makes TrustPaisa, PaySense, and MoneyView some of the most reliable low-interest instant loan apps in India, especially for users who value both cost savings and a seamless borrowing experience.

3. Can I get a personal loan without a high credit score?

Yes. The best loan apps for low or no credit score borrowers—such as NIRA, KreditBee, and ZestMoney—allow you to apply even without an extensive credit history. These apps are tailored for:

• First-time borrowers who have never taken a loan.
   
• Young professionals just starting their careers.
   
• Individuals with thin or no credit profiles.
   

Instead of relying solely on your CIBIL score, they consider alternate credit data like income stability, employment type, and even digital payment behavior. This inclusive approach allows more people to access quick funds and simultaneously build their credit score.

Some platforms also report repayment activity to credit bureaus, helping borrowers qualify for larger loans or credit cards in the future. By repaying EMIs on time, you’re not only covering your urgent expenses but also strengthening your long-term financial profile.

4. How much personal loan can I get using an instant loan app?

The loan amount available through instant loan apps in India depends on your income level, employer category, and overall creditworthiness. Borrowing limits typically range from ₹5,000 for micro-loans to ₹55 lakh for high-value loans.

For example:

• High-value loans: Apps like Bajaj Finserv and Navi cater to borrowers seeking large sums for medical treatment, home renovations, or destination weddings.
   
• Small-ticket loans: Apps like Pocketly or mPokket are designed for students, gig workers, and short-term borrowers who need smaller amounts for everyday expenses.
   

Most apps also provide an instant eligibility check and pre-approved loan offers based on your profile. High-value loans may require additional documentation, but thanks to API integrations and financial data aggregation tools, approvals can still be processed in hours. For urgent needs, apps like True Balance provide instant emergency loans with minimal friction.

5. What documents are required to apply on the best loan apps?

The documentation process is simple and fully digital for most top-rated instant loan apps in India. Typically, you’ll need:

• Government-issued ID proof (Aadhaar card, PAN card, Voter ID).
   
• Income proof (recent salary slips, ITR, or bank statements).
   
• Address proof (utility bill, Aadhaar, or rental agreement).
   

Apps like TrustPaisa, LazyPay, and FlexSalary offer Aadhaar-based eKYC and account aggregation to pull your data directly—saving time. Verification is usually completed in under 10 minutes, making the process truly hassle-free.

Repeat borrowers often don’t need to re-upload documents, which means subsequent loans can be disbursed even faster. Automated verification also reduces human error and speeds up loan processing.

6. What is the repayment tenure for personal loans in India?

Most personal loan apps in India allow repayment periods ranging from 3 months to 60 months, with some like Navi extending up to 84 months. This flexibility lets you choose an EMI plan that fits your budget.

Features include:

• Part-prepayment options to reduce interest costs.
   
• Step-up EMI plans for increasing payments gradually.
   
• Tenure calculators to help select the most cost-effective plan.
   

Shorter loan tenures help you clear debt faster and pay less total interest, while longer tenures lower your monthly EMI but may cost more overall. Some apps also allow foreclosure without penalty, giving you the freedom to close your loan early if your finances improve.

7. Is it safe to use online personal loan apps?

Yes—provided you use RBI-registered loan apps that partner with licensed NBFCs. Trusted platforms like TrustPaisa, CASHe, and IndiaLends employ:

• End-to-end encryption to protect sensitive data.
   
• Strict compliance with data privacy laws.
   
• Transparent terms and conditions displayed upfront.
  
   

Avoid unverified apps that make unrealistic promises like “instant cash without documents” or fail to disclose lender details. Always check user reviews, ratings, and regulatory registrations before applying.

A genuine loan app will clearly mention processing fees, late payment charges, and auto-debit mandates, and will offer responsive customer support. The best loan apps also maintain robust review systems so borrowers can make informed decisions based on real user experiences.