5 Best Instant Personal Loan Apps Online in India

If you are looking for the best Instant Personal Loan Apps in India, then your search ends here.

Online instant personal loan apps do not require a credit history or adequate credit score to disburse a loan. These personal loan apps just require a quick sign-up by the customers after which it shares available credit offers for the customer basis the required details shared. The loan is approved and sanctioned instantly after completing the application procedure. The whole process is digital, contactless and as quick as 5 minutes to 2 days.There are many online personal loan apps like Bajaj Finserv App, MoneyTap, Indiabulls Dhani, KreditBee, CASHe, etc.

Below listed are the top picks for your personal loan needs which will help in choosing the most suitable option.

Bajaj Finserv App

The Bajaj Finserv App is a one-stop solution for all instant personal loan, post-loan or investment needs. Bajaj Finserv is India’s most diversified non- banking financial company. Consumers can view or apply for pre-approved and recommended offers customised for them with personal loan EMI calculator on the Bajaj Finserv App.

Below listed are the features that comes with the Bajaj personal loan app:

Ø  Active and Previous Relations: Check active loans, make payments and download your financial statement on- the- go. Also, access information on your closed loans and investments, statements, etc,

Ø  Payments: Pay your EMIs, part pre-pay or foreclose your loans and access information on future payments through the Bajaj Finserv app.

Ø  Drawdown Facility: Drawdown functionality is now easier than ever, thanks to the Bajaj Finserv Personal Loan App.

Ø  Notifications: Check all your payments, statement downloads and offer notifications on the home page under the notification tab.

Ø  Raise a Request: Log a request, check status and a detailed view of previous requests.

Ø  Navigation across Apps: Easy navigation across Bajaj Finserv App to other partner apps.

Ø  Pre- approved Offers: Check pre- approved offers and details, get product information or request a call back.

Ø  Shopping: Shop at the EMI Store on the Bajaj Finserv App and explore wide range of categories like Smartphone, LED TV, Washing Machine, Refrigerator, AC, Microwave, Fitness, and much more.


ePaylater is an online loan app for online shopping. The app is offered by Arthashastra Fintech Pvt. Ltd. Here is how ePayLater works:

Ø  The app works on the ‘Buy-Now-Pay-Later’ option.

Ø  You can purchase online on this app at a fourteen-day interest free period.

Ø  Small size loans available in the range of Rs. 1,500 to Rs. 20,000.

Ø  You can earn discount coupons by paying credit in time.


KreditBee Personal Loan App is a go to solution for all personal loan needs of young professionals. You can get direct money transfer to your bank account and this app comes in the RBI registered loan app list.

·       Avail loan amount up to Rs. 2 lakhs

·       Tenure varies from 3 months to 15 months

·       The rate of interest is 15% p.a. onwards

·       There is a processing fee of up to 6% of the loan amount


MoneyTap App is one of the leading online personal loan apps. Self-employed as well as professionals can use instant credit line facility up to Rs. 5 Lakhs using this App.

·       Avail loan amount up to Rs. 5 Lakhs.

·       Tenure in the range of 2 months to 36 months.

·       The rate of interest is 13% p.a. onwards.

·       There is a processing fee of up to 2% of the loan amount + GST.


LazyPay is a one of its kind lending app. It does not require you to share your complete details check the loan eligibility.

·       Avail loan facility up to Rs. 1 lakh

·       Tenure varies from 3 months to 24 months

·       The rate of interest is: 18% p.a. onwards

·       There is a processing fee of up to 2% of the loan amount


There are many online personal loan apps in India providing various features and benefits. But which is the best personal loan app, that depends entirely on you and your requirements, whether it is low interest rates, easy application process, or a high/ low amount of loan, choose a personal loan offer that fits your requirements the best. Bajaj Finserv App is one of the most preferred personal loan apps in India due to it’s easy online application, instant personal loan, flexi- pay options, etc.

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