Getting a personal loan in India has become much easier with the rise of mobile applications and digital platforms. Unlike traditional methods that required long paperwork and multiple branch visits, today’s personal loan apps offer quick approval, instant disbursal, and minimal documentation. If you need funds for emergencies, education, travel, or even debt consolidation, the right loan app can help you with a smooth borrowing experience.
Top Personal Loan Apps in India (2025)
- Navi
Loan Amount: ₹10,000 to ₹20 lakh
Interest Rate: Starting from around 9.9% per annum
Tenure: Up to 72 months
Why choose it: 100% paperless process, low interest rates, and quick approval make Navi one of the most trusted apps for salaried and self-employed individuals.
- KreditBee
Loan Amount: ₹1,000 to ₹5 lakh
Interest Rate: 12% to 29% per annum (varies by profile)
Why choose it: Best suited for young professionals and first-time borrowers. The approval process is fast, and the money is often disbursed within minutes.
- MoneyTap (Freo)
Loan Amount: ₹3,000 to ₹5 lakh
Interest Rate: Starts from 13% per annum
Why choose it: Works like a personal credit line. You borrow only what you need and pay interest only on the amount you use.
- CASHe
Loan Amount: ₹7,000 to ₹4 lakh
Interest Rate: Around 1.75% per month
Why choose it: Perfect for salaried individuals looking for short-term credit. The app uses an AI-driven credit system to provide quick disbursal.
- PaySense
Loan Amount: ₹5,000 to ₹5 lakh
Interest Rate: Between 16% and 36% per annum
Why choose it: Known for flexible EMI options and pre-approved offers, making it suitable for those who need customizable repayment plans.
- Moneyview
Loan Amount: ₹5,000 to ₹10 lakh
Interest Rate: Starting at 10% per annum
Why choose it: Quick eligibility check and loan disbursal within 24 hours. The app is user-friendly and suitable for both salaried and self-employed borrowers.
- IDFC First Bank
Loan Amount: Up to ₹10 lakh
Interest Rate: Starting from 9.99% per annum
Why choose it: Backed by a trusted bank, this app offers competitive interest rates and reliable service for customers who prefer banking institutions.
- Dhani
Loan Amount: ₹1,000 to ₹15 lakh
Interest Rate: Around 12%–14% per annum
Why choose it: Apart from loans, the app provides wallet services, healthcare, and investments, making it a one-stop financial platform.
- Fibe (formerly EarlySalary)
Loan Amount: Up to ₹5 lakh
Interest Rate: Flexible, depending on income profile
Why choose it: Designed for salaried professionals, especially useful for education, healthcare, and shopping finance. Partnered with leading banks for added reliability.
- Telecom-Linked Loan Apps
Examples: Vi Finance (Vodafone Idea), Airtel with Bajaj Finance partnership
Why choose it: These telecom-linked apps are expanding into personal finance, offering loans along with telecom services, making access convenient for millions of users.
How to Choose the Right App
When selecting a personal loan application, consider the following points:
- Interest Rate – Lower rates reduce your repayment burden.
- Loan Amount & Tenure – Choose based on your actual requirement.
- Processing Time – If you need urgent cash, go for instant disbursal apps.
- Credibility – Apps backed by trusted banks or RBI-approved NBFCs are safer.
- Hidden Charges – Always check
