Top 10 Instant Personal Loan Apps: Personal loans help you borrow money for the cost of personal needs – whether it’s for an emergency, education, family wedding or home renovation.
Most people in India have low incomes. Because of this, they are left with only average expenses, so if they have to pay for higher education, family weddings or medical expenses, they need instant money to cover them.
Instant personal loans are a great option to get this money. Taking a personal loan in India is becoming a financial necessity.
Here we will tell you about the Top 10 Instant Personal Loan Apps in India that offer you the best personal loan.
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Top 10 Instant Personal Loan Apps (Top Small Loan Apps)
All the apps mentioned here provide you with instant personal loans. But before taking a loan, you should understand your needs and apply for the loan amount accordingly.
- Navi Instant Personal Loan App
Navi Instant Personal Loan is available with fair interest rates and flexible EMI for a long tenure. The loan is available from this app through a fully digital and contactless process.
| Interest Rate | Competitive Interest rates starting at 12% to 36% p.a. |
| Personal loan Process | Completely digital, Contactless, Paperless Process |
| Processing Fee | Processing Fees of Up to 3.99% will be deducted from the loan amount + GST (Minimum Process fee 1499 + GST) |
| Loan tenure | 90 days to 36 Months |
| Maximum Loan Amount | 10k to 5lakh at flexible EMIs |
| Age Limit | 18 years or above. |
| Citizenship | Indian Citizen |
- True Balance Instant Personal Loan App
The True Balance App is a personal loan application that provides personal loan services to its customers. If you have a loan requirement? You must include the True Balance personal loan app in your list.
You also get the option of an Instant Cash Loan on this application, which you can avail yourself of easily.
| True Balance Personal Loan Interest Rate | Competitive Interest rates starting at 5% |
| Personal loan Process | Completely digital, Contactless, Paperless Process |
| Processing Fee | Processing Fees of Up to 3% will be deducted from the loan amount |
| Loan tenure | 62 Days to 180 Days. |
| Maximum Loan Amount | 5k to 50k at flexible EMIs |
| Age Limit | 21 to 50 years old. |
| Citizenship | Indian Citizen |
- Bajaj Finserv Personal Loan App
Bajaj Finance Personal Loan is offering you loans up to 25 lakhs at low interest rates to meet your financial needs. The entire loan process is online. You can apply for a loan here with very few documents. This loan is available to you with a long tenure and low interest.
| Bajaj Finance Personal Loan Interest Rate | Competitive Interest rates starting at 13% p.a. |
| Personal loan Process | Completely digital, Contactless, Paperless Process |
| Processing Fee | Processing Fees of Up to 4% will be deducted from the loan amount (Inclusive of applicable taxes) |
| Loan tenure | 12 to 60 Months. |
| Maximum Loan Amount | 10k to 25lakh at flexible EMIs |
| Age Limit | 21 to 67 years old. |
| Part-Payment Charges | 2% + Applicable Tax on Part-Payment Amount Paid |
| Bounce Charges | Rs.600- Rs. 1200 per bounce (Inclusive of applicable taxes) |
| Mandate Rejection Charges | Rs. 450/- (Inclusive of applicable taxes) per month from the first months of the due date of mandate rejected by the customer’s bank until the new mandate is registered. |
- Early Salary Instant Personal Loan App
Early Salary Personal Loan App To meet your financial needs, personal loans up to Rs 5 lakh are available with an annual interest rate of 12% to 36%. You get 3 to 24 months to repay this loan amount.
If your salary is more than 15 thousand, you can apply for a personal loan on the Early Salary Loan App.
| Application Name | Early Salary – Instant Personal Loan App |
| Interest Rate | 0% to 30% Per Annum. |
| Processing fee | Processing Fees of 2% to 8% will be deducted from the loan amount + GST |
| Salary Card | Early Salary co-branded card for all your digital spends |
| Loan Tenure | 90 days to 24 Months |
| Minimum Income Require | Salaried 15000 to 18000 |
| Amount of Money | 8000 to 5 Lakh |
| Age Limit | 21 – 55 Year |
| Available Locations in India | Over 5000 locations |
- Home Credit Personal Loan App
Home Credit Personal Loan is available with fair interest rates and flexible EMI for a long tenure. The loan is available from this app through a fully digital and contactless process.
| Interest Rate | Competitive Interest rates starting at 12% to 36% p.a. |
| Personal loan Process | Completely digital, Contactless, Paperless Process |
| Processing Fee | Processing Fees of Up to 5% will be deducted from the loan amount |
| Loan tenure | 12 to 48 Months |
| Maximum Loan Amount | 10k to 5lakh at flexible EMIs |
| Age Limit | 19 – 69 Years |
| Citizenship | Indian Citizen |
- IDFC First Bank Personal Loan
The IDFC first bank personal loan is available with a long period of fair interest rate and repayment. The loan is available from this bank through a minimum document and online basis.
You can use the loan amount for bill payments, home renewal, personal expenses, etc. Due to low interest, minimum document, repayment period, etc.
| Interest Rate | Competitive Interest rates starting at 10.49% to 24% p.a. |
| Personal loan Process | Completely digital, Paperless Online Process |
| Processing Fee | Processing Fees of Up to 3.5% will be deducted from the loan amount + GST |
| Loan tenure | 1 to 5 years |
| Minimum Income Required | Rs. 20,000 |
| Maximum Loan Amount | 20k to 40L |
| Age Limit | 23 to 60 Years |
| Foreclosure Fee | 5% on Outstanding Loan Amount. |
- KreditBee Instant Personal Loan App
KreditBee Instant Personal Loan is available with a reasonable interest rate and longer repayment tenure. The app offers instant digital personal loans with minimal documentation.
This app is providing Flexi Personal Loan, Personal Loan – Salaried, and Online Purchase Loan through E-Voucher.
| Interest Rate | Competitive Interest rates starting at o% to 29.95% p.a. |
| Processing Fee | Processing Fees of Up to 5% will be deducted from the loan amount + GST |
| Loan tenure | 62 Days to 15 Months |
| Minimum Income Required | Rs. 15,000 |
| Maximum Loan Amount | Rs 1000 to Rs 2,00,000 |
| Age Limit | 21 – 45 Years |
- Money View Instant Personal Loan App
Money View Personal Loan is available with a fair interest rate and 3 3-month to 5-year repayment period. Through this app, you can get a loan of 10000 to 500000 with very little interest.
| Application Name | Money View Loan: Personal Loan App, Instant Loan |
| Interest Rate | 16% to 39% Per Annum. |
| Processing fee | Processing Fees of 2% to 8% will be deducted from the loan amount + GST |
| Card | Money View co-branded card for all your digital spends |
| Loan Tenure | 3 months to 5 Years |
| Minimum Income Require | Salaried 13,500 and Self-Employed 25,000 |
| Amount of Money | Up to 5 Lakh |
| Age Limit | 21 – 57 Year |
- MoneyTap Instant Personal Loan App
MoneyTap instant personal loan is available with a fair interest rate and 3 3-month to 3-year repayment period. The app provides an instant personal loan with minimal digital documentation.
| Application Name | MoneyTap – Instant Personal Loan & Credit Line |
| Interest Rate | 13% to 30% Per Annum. |
| Processing fee | Processing Fees of Up to 2% will be deducted from the loan amount + GST |
| Annual line-up setup fee | Rs.499+GST |
| Loan Tenure | 3 months to 3 Year |
| Minimum Income Require | Rs 20000 to 30000 |
| Amount of Money | Up to 5 Lakh |
| Late payment Fee | 15% of the due amount |
StashFin Personal Loan is available with fair interest rates and flexible EMI for a long tenure. The loan is available from this app through a fully digital and contactless process.
StashFin Instant Personal Loan can prove profitable for you Due to with low interest rate, bearing a paperless process, repayment tenure, etc.
| Interest Rate | Processing Fees of Up to 10% (excluding GST of the loan amount) |
| Personal loan Process | Completely digital, Contactless, Paperless Process |
| Processing Fee | Processing Fees of Up to 10% (excluding GST of loan amount) |
| Loan tenure | 3 to 36 Months |
| Maximum Loan Amount | 5lakh at flexible EMIs |
| Age Limit | Age Group: 20 – 55 |
| CIBIL Score: | Self-Employed should be 675+ and for Salaried CIBIL/Bureau should be 650+ |
FAQ:
What is a Personal Loan?
Personal loans help you to borrow money for a price of a personal nature – be it for some other requirement such as an emergency, education, family marriage, or home renovation.
What is an EMI?
EMI Stands for Equated Monthly Instalment. Which is the fixed amount paid for the repayment of your loan. It includes both the principal component and the interest amount. It gives you the convenience and benefit of repaying the personal loan amount in small and easy instalments.
How can we borrow money instantly?
A personal loan application is the best way to borrow money instantly without hassle. The best Ten applications are listed above according to their ranking.
In this blog, you’ve curated an excellent list of the top 10 instant personal loan apps in India. It’s an incredibly helpful resource for those looking for quick and reliable financial solutions!