In today’s fast-moving world, many people look for quick financial assistance without going through the long process of traditional bank loans. Digital lending platforms and instant loan apps have made it possible to get money directly in your bank account within hours, with minimal paperwork.
Here’s a list of some of the best personal loan apps in India for 2025:
- IDFC First Bank Loan App
Interest Rate: Starting from around 9.99% per annum
Loan Amount: Up to ₹10 lakh
Tenure: Up to 60 months
Highlight: Trusted banking platform with flexible repayment options
- Bajaj Finserv Loan App
Interest Rate: Around 10% to 31% per annum
Loan Amount: Up to ₹55 lakh
Tenure: Up to 96 months
Highlight: Multiple types of loans such as flexi hybrid, term loans, and flexi term loans
- Moneyview
Interest Rate: Starting from 14% per annum
Loan Amount: ₹5,000 to ₹10 lakh
Tenure: 3 months to 5 years
Highlight: Fast disbursal within 24 hours, minimal documentation
- Olyv (formerly SmartCoin)
Loan Amount: ₹1,000 to ₹5 lakh
Highlight: Short-term loans, quick approvals, easy mobile app usage
- Kissht
Loan Amount: Personal and business loans available
Highlight: Instant loan approval and growing range of digital lending options
- Buddy Loan
Interest Rate: Around 11.99% per annum
Loan Amount: Up to ₹15 lakh
Tenure: 6 months to 5 years
Highlight: Flexible repayment, quick processing
- CASHe
Loan Amount: Up to ₹3 lakh
Highlight: Designed for salaried professionals, AI-based approval, minimal paperwork
- Home Credit
Loan Amount: Up to ₹4.8 lakh
Highlight: Instant approval in a few minutes, easy mobile process
Other Noteworthy Loan Apps
NoBroker InstaCash – Smaller ticket loans with fast approval
Fibe (formerly EarlySalary) – Covers salaried professionals, students, and defense personnel
FlexSalary, Nira, PaySense, MoneyTap, mPokket – Apps that also cater to individuals with limited or no credit history
How to Choose the Right Loan App
Before applying, always compare the following:
- Interest Rates – Choose the app that offers the lowest rate to reduce repayment burden.
- Loan Amount & Tenure – Check if the app provides the required loan size and repayment flexibility.
- Approval Speed – Some apps disburse funds within hours while others may take a couple of days.
- Documentation – Pick platforms with simple KYC and minimal paperwork.
- Credit Score Requirement – If your credit score is low, choose apps that consider alternative scoring.
- Security & Trust – Only borrow from RBI-registered NBFCs or banks to avoid fraudulent apps.
Final Thoughts
For people looking for low interest rates and higher amounts, IDFC First Bank and Bajaj Finserv are reliable choices. If you want faster disbursal, apps like Moneyview and Home Credit are better options. Those with a limited credit history can try CASHe, FlexSalary, or SmartCoin.
Always borrow only what you can repay comfortably and review the loan agreement carefully before proceeding.
