Top 20 Instant Loan Apps in India: Application Process, Document Required and Eligibility Criteria in 2025

Instant loan apps are revolutionizing personal finance by providing quick and convenient access to funds for emergencies, unexpected expenses, or planned purchases. The Top 25 Instant Loan Apps in India for 2024 offer seamless loan approvals and disbursements, often within minutes. This blog provides a detailed overview of each app's application process, necessary documents, and eligibility criteria, ensuring a smooth borrowing experience. These apps cater to diverse financial needs, whether for salaried employees, self-employed individuals, or students. With features like minimal documentation, competitive interest rates, and flexible repayment terms, they simplify borrowing and make financial independence accessible anytime, anywhere. Choose the right app to meet your financial goals effortlessly.

List of 20 Best Instant Loan Apps in India 2025

In 2024, there will be many instant loan apps in India. These apps offer quick access to funds with minimal documentation, making them ideal for urgent financial needs. 

Instant Loan Apps	Interest Rate(Per annum)	Loan Amount	Tenure	Approval and Disbursal Time
NoBroker InstaCash	12.99%	₹1000000	72 months	Within Seconds
Prefr	10% to 16%	₹500000	12 to 48 months	48 hours
Incred	13.99% to 42%	₹300000	12 to 60 months	12 to 48 hours
MoneyView	15.96%	₹1000000	60 months	24 hours
KreditBee	8% to 29.95%	₹500000	4 - 36 months	10 minutes
Kissht	15% to 24%	₹500000	3 to 36 months	5 minutes
Upwards	12% to 22%	₹200000	60- months	24 hours
Privo	9.99% to 39.99%	₹500000	3 to 60 months	5 minutes
NIRA	24% to 36%	₹100000	12 months	48 hours
FlexSalary	35.10%	₹200000	10 to 36 months	48 hours
MoneyTap	13%	₹500000	3-36 months	1 day
PaySense	16.8%	₹5000- ₹500000	24 months	2 days
LazyPay	18% - 28%	₹500000	3-24 months	5 minutes
Navi	9.9% to 45%	₹2000000	48 months	20 minutes
CASHe	27% to 33%	₹400000	90-540 days	1 day
Dhani	13.99%	₹15000000	90 days	Instant
mPokket	11.99%	₹45000	90 days	10 minutes
TrueBalance	24%	₹5000 - ₹125000	3-12 months	30 minutes
Pocketly	24% -36%	₹50000	1 - 4 months	1 day
Buddy Loan	11.99%	₹15000000	6 months to 5 years	48 hours

Top 20 Instant Loan Apps in India

Here are the best online loan apps in India. Explore, compare, and make an informed decision to secure your financial stability. Click, apply, and experience the ease of instant loans with the best

1. NoBroker InstaCash

NoBroker InstaCash, an exclusive offering for verified tenants and homeowners, provides a personal credit line with a substantial limit of ₹10 lakhs. Users enjoy instant approval based on their NoBroker profile and credit score. The funds are disbursed within 24 hours directly to the bank account, making it a reliable choice for those in need of quick financial assistance. With no requirement for collateral, flexible repayment options, and a pre-approved limit, NoBroker InstaCash stands out as a top-tier personal loan app.

• Maximum Limit: ₹10 lakhs
• Interest Rate: 12.99% onwards
• Repayment Tenure: 12-60 months
• Documents Required: Aadhar card, address proof, PAN card
• Eligibility Criteria: Citizen of India, Salaried, Self-employed, age limit of 21 to 60 years
• Approval and Disbursal Time: 2 minutes
• Processing Fee - 0.25% to 1%

2. Prefr

Prefer positions itself as a leading choice among instant personal loan apps. Boasting a simple and 100% digital processing system, Prefr offers a hassle-free experience for users. With no collateral required and a flexible tenure ranging from 12 to 48 months, borrowers can customize their loan experience to suit their specific needs. Prefr's competitive interest rates make it an attractive option for those seeking efficient and straightforward loan solutions.

• Maximum Limit: ₹5 lakhs
• Interest Rate: 10% to 16% PA
• Repayment Tenure: 12 to 48 months
• Documents Required: PAN card, photo ID, address proof
• Eligibility Criteria: Citizen of India, Salaried, Self-employed, age limit of 21 to 60 years
• Approval and Disbursal Time:  2 hours
• Processing Fee: 3% to 5%

3. Incred

Incred's loan offering caters to a diverse audience with a maximum limit of ₹3 lakhs. A standout feature is the low processing fee and the flexibility to choose a repayment tenure ranging from 12 to 60 months. Users can also enjoy the ability to add multiple add-ons to their loan, enhancing their overall borrowing experience. Incred focuses on providing a seamless and customizable loan solution for individuals with varying financial needs.

• Maximum Limit: ₹3 lakhs
• Interest Rate: 13.99% to 42% PA
• Repayment Tenure:12 to 60 months
• Documents Required: KYC documents and income documentation 
• Eligibility Criteria: Citizen of India, Salaried, Self-employed, age limit of 21 to 60 years
• Approval and Disbursal Time:12 to 48 hours 
• Processing Fee: 2% to 5% 

4. Moneyview

Moneyview distinguishes itself with a range of standout features. Offering loans with no hidden charges and a paperless processing system, Moneyview provides a user-friendly experience. Borrowers can opt for repayment tenures of up to 60 months, giving them the flexibility to manage their finances effectively. The digital-centric approach ensures quick disbursal, making Moneyview a top choice for those seeking transparency and convenience in their loan application process.

• Maximum Limit: ₹10 lakhs
• Interest Rate: From 1.33% per month
• Repayment Tenure: 60 months 
• Documents Required: Aadhar card, utility bill, PAN card, Voter ID
• Eligibility Criteria: Citizen of India, Salaried, Self-employed, age limit of 21 to 57 years 
• Approval and Disbursal Time: 24 hours
• Processing Fee: 2% of the loan amount 

5. KreditBee

KreditBee takes the lead in rapid loan disbursal, offering a significant advantage to users. The convenience of having the loan amount credited directly to the bank account in just 15 minutes sets KreditBee apart. With a completely online processing system, nominal processing fees, and collateral-free approvals, it caters to individuals looking for a swift and efficient financial solution. KreditBee's commitment to speed and accessibility makes it a preferred choice among borrowers.

• Maximum Limit: ₹5 lakhs
• Interest Rate: 8% to 29.95% PA
• Repayment Tenure: 4 - 36 months
• Documents Required: Salary slips, Voter ID, Aadhar card, PAN card
• Eligibility Criteria: Citizen of India, Salaried, Self-employed, age limit of 21 to 60 years  
• Approval and Disbursal Time:10 minutes 
• Processing Fee: 6.5% of the loan amount 

6. Kissht

Kissht stands as a formidable player in the realm of instant personal loans accessible through the BankSathi application. Offering one of the lowest interest rates and low processing fees, Kissht provides borrowers with a versatile loan tenure ranging from 3 to 36 months. Additionally, borrowers benefit from a repayment tenure of up to 24 months, with no minimum foreclosure window and no charges for early foreclosure. The combination of competitive rates and flexible terms positions Kissht as an attractive option for those seeking comprehensive loan solutions.

• Maximum Limit: ₹5 lakhs
• Interest Rate: 15% to 24% PA
• Repayment Tenure: 3 to 36 months
• Documents Required: PAN card, Aadhar card, Income proof
• Eligibility Criteria: Citizen of India, Salaried, Self-employed, age limit of 21 to 60 years  
• Approval and Disbursal Time: 5 minutes 
• Processing Fee:  6% of the loan amount 

7. Upwards

Upwards Personal Loans are designed to lead individuals toward upward financial success. With a 100% digital loan application process, fast and quick disbursement of loan amounts, and minimal documentation requirements, Upwards ensures a streamlined borrowing experience. Borrowers can enjoy a tenure of 12 to 60 months for repayment, allowing them to tailor their loan experience to their specific financial circumstances. The efficiency of the application process and appealing terms make Upwards a noteworthy option in the instant loan landscape.

• Maximum Limit: ₹2 lakhs
• Interest Rate: 12% to 22% PA
• Repayment Tenure: 60-months
• Documents Required: Bank statement, PAN card, address proof, Aadhar card
• Eligibility Criteria: Citizen of India, Salaried, Self-employed, age limit of 21 to 60 years 
• Approval and Disbursal Time: 24 hours  
• Processing Fee: 6% of the loan amount 

8. Privo

Privo positions itself as a reliable ally in times of emergencies, offering a seamless and rapid loan application process. With no foreclosure charges or hidden fees, Privo ensures a transparent borrowing experience. The quick and paperless processing, coupled with one of the lowest processing fees, makes it an appealing choice for those seeking a straightforward and efficient loan solution. Borrowers can opt for repayment tenures ranging from 3 to 60 months, providing flexibility and convenience.

• Maximum Limit: ₹5 lakhs
• Interest Rate: 9.99% to 39.99% PA
• Repayment Tenure: 3 to 60 months
• Documents Required: Bank statement, PAN card, address proof, Aadhar card 
• Eligibility Criteria: Citizen of India, Salaried, Self-employed, age limit of 21 to 60 years 
• Approval and Disbursal Time: 5 minutes
• Processing Fee: 5% of the loan amount 

9. NIRA

NIRA aims to provide users with the advantage of a manageable, small instant personal loan that can be effortlessly repaid. Borrowers can enjoy a repayment tenure of up to 12 months, and the process involves no need for collaterals. With loan approval in just two steps, NIRA caters to those seeking a quick and straightforward borrowing experience. While the loan amount is limited, NIRA's focus on simplicity and accessibility makes it a viable option for specific financial needs.

• Maximum Limit: ₹1 lakh
• Interest Rate: 24% to 36% PA
• Repayment Tenure: 12 months
• Documents Required: 3 months salary slips, bank statement, PAN card, address proof, Aadhar card 
• Eligibility Criteria: Citizen of India, Salaried, Self-employed, age limit of 21 to 55 years  
• Approval and Disbursal Time: 48 hours 
• Processing Fee: 2% to 7% of the loan amount

10. FlexSalary

FlexSalary caters to individuals seeking a credit line with a maximum limit of ₹2 lakhs. With an interest rate of 35.10% per annum, FlexSalary offers borrowers the flexibility they need. While the interest rate is relatively higher, the platform targets those with varying credit histories. The focus on providing a credit line instead of a lump sum amount distinguishes FlexSalary as an option for those with fluctuating financial needs.

• Maximum Limit: ₹2 lakhs
• Interest Rate: 35.10% PA
• Repayment Tenure: 10 to 36 months
• Documents Required: Driver's licence, bank statement, PAN card, address proof, Aadhar card 
• Eligibility Criteria: Citizen of India, Salaried, Self-employed, age limit of 21 to 55 years.
• Approval and Disbursal Time: 48 hours
• Processing Fee: ₹1250

11. MoneyTap

MoneyTap is a leading financial app in India that offers convenient access to credit lines and personal loans. With its user-friendly interface, MoneyTap simplifies borrowing, allowing users to apply for loans within minutes. It provides an interest rate of 13% per annum. 

• Maximum Limit: ₹5 lakhs
• Interest Rate: 13% PA
• Repayment Tenure: 3-36 months
• Documents Required: Driver's licence, bank statement, PAN card, address proof, Aadhar card 
• Eligibility Criteria: Citizen of India, Salaried, Self-employed, age limit of 21 to 60 years, cibil score of 650
• Approval and Disbursal Time: 24 hours
• Processing Fee: ₹499

12. PaySense

PaySense is a prominent instant loan app in India, specialising in providing hassle-free personal loans. It offers a convenient and straightforward process for users with minimal documentation requirements. The app ensures transparency and clarity throughout the application process, with no hidden fees. 

• Maximum Limit: ₹5 lakhs
• Interest Rate: 16.8% PA
• Repayment Tenure: 24 months
• Documents Required: Photograph, PAN card, address proof, Aadhar card 
• Eligibility Criteria: Citizen of India, Salaried, Self-employed, age limit of 21 to 60 years
• Approval and Disbursal Time: 2 days
• Processing Fee: 2.5% of the loan amount

13. LazyPay

LazyPay is a popular instant loan app in India known for its lightning-fast approval process. The app often provides loans in just 90 seconds. The interest rates range from 18% to 28% annually. LazyPay caters to individuals' urgent financial needs, ensuring prompt disbursement of funds without lengthy procedures. 

• Maximum Limit: ₹5 lakhs
• Interest Rate: 18% - 28% PA
• Repayment Tenure: 3-24 months
• Documents Required: Photograph, PAN card, address proof, Aadhar card 
• Eligibility Criteria: Citizen of India, Salaried, Self-employed, age limit of 21 to 60 years
• Approval and Disbursal Time: 90 seconds
• Processing Fee: 2% of the loan amount

14. Navi

Navi is an instant loan provider in India renowned for its swift loan approval process. It often disburses funds within just 20 minutes of application. Offering loans with interest rates ranging from 9.9% to 45% per annum, Navi caters to a wide range of borrowers’ financial needs.

• Maximum Limit: ₹20 lakhs
• Interest Rate: 9.9% - 45% p.a.
• Repayment Tenure: 48 months
• Documents Required: Photograph, PAN card, address proof, Aadhar card 
• Eligibility Criteria: Citizen of India, Salaried, Self-employed, age limit of 21 to 60 years
• Approval and Disbursal Time: 20 minutes
• Processing Fee: Nil

15. CASHe

CASHe is India's leading instant loan provider, known for its efficient approval process, which typically completes approvals within one day. With interest rates ranging from 2.75 to 33% annually, CASHe offers quick access to funds for various financial needs. This app caters to individuals seeking financial assistance, providing stress-free loans with minimal documentation requirements.

• Maximum Limit: ₹4 lakhs
• Interest Rate: 27% to 33% PA
• Repayment Tenure: 90 to 540days
• Documents Required: Photograph, PAN card, address proof, Aadhar card 
• Eligibility Criteria: Citizen of India, Salaried, Self-employed, age limit of 21 to 60 years 
• Approval and Disbursal Time: One day
• Processing Fee: 2% of the loan amount

16. Dhani

Dhani offers loan approvals with instant disbursement of funds. The required documents include a PAN card and proof of address. The interest rate for Dhani starts at 13.99% per annum. The platform’s instant loan approval process makes it a preferred option for individuals seeking immediate financial assistance. 

• Maximum Limit: ₹15 lakhs
• Interest Rate: 13.99% PA
• Repayment Tenure: 90 days
• Documents Required: Photograph, PAN card, address proof, Aadhar card 
• Eligibility Criteria: Citizen of India, Salaried, Self-employed, age limit of 21 to 60 years
• Approval and Disbursal Time: Instant
• Processing Fee: 5% of the loan amount

17. mPokket 

mPokket is a financial platform that offers quick and convenient loans to individuals needing immediate funds. mPokket ensures that borrowers can receive loan approvals within 10 minutes. mPokket offers an interest rate of 11.99% per annum. 

• Maximum Limit: ₹45000
• Interest Rate: 11.99% PA
• Repayment Tenure: 90 months
• Documents Required: Photograph, PAN card, address proof, Aadhar card 
• Eligibility Criteria: Citizen of India, Salaried, Self-employed, age limit of 21 to 60 years 
• Approval and Disbursal Time: 10 minutes
• Processing Fee: ₹50 to ₹200 

18. TrueBalance

TrueBalance prioritises efficiency and accessibility for borrowers needing quick loans. With a commitment to speedy service, TrueBalance offers loan approval within just 30 minutes. While focusing on convenience, TrueBalance also provides an interest rate of 24% annually. 

• Maximum Limit: ₹1.25 lakhs
• Interest Rate: 24% PA
• Repayment Tenure: 3-12 months 
• Documents Required: Photograph, PAN card, address proof, Aadhar card 
• Eligibility Criteria: Citizen of India, Salaried, Self-employed, age limit of 21 to 60 years
• Approval and Disbursal Time: 30 minutes
• Processing Fee: 

19. Pocketly

Pocketly is a reliable financial platform dedicated to providing accessible loans to individuals in need. With a focus on thorough assessment and responsible lending, Pocketly offers loan approval within one day. Pocketly offers flexibility in interest rates, ranging from 24% to 36% annually. 

• Maximum Limit: ₹50000
• Interest Rate: 24% to 36% PA
• Repayment Tenure: 1 - 4 months
• Documents Required: Photograph, PAN card, address proof, Aadhar card 
• Eligibility Criteria: Citizen of India, Salaried, Self-employed, age limit of 21 to 60 years
• Approval and Disbursal Time: one day
• Processing Fee: 0% on cash loan

20. Buddy Loan

Buddy Loan offers accessible loans focused on efficiency and affordability. The borrowers can expect approval within 48 hours, ensuring a prompt response to their financial needs. Moreover, Buddy Loan provides interest rates at a favourable 11.99% annually.

• Maximum Limit: ₹15 lakhs
• Interest Rate: 11.99% PA
• Repayment Tenure: 6 months to 5 years
• Documents Required: Photograph, PAN card, address proof, Aadhar card 
• Eligibility Criteria: Citizen of India, Salaried, Self-employed, age limit of 21 to 60 years
• Approval and Disbursal Time: 48 hours
• Processing Fee: 2% of the loan amount

21. Fibe

Fibe offers a seamless loan experience with a fully digital application process. Known for its swift approval and disbursal, Fibe ensures you don’t have to wait long to get access to funds. With flexible repayment tenures and competitive interest rates, it’s a reliable choice for salaried and self-employed individuals alike.

• Maximum Loan Limit: ₹2 Lakhs
• Interest Rate: 12% to 22% per annum
• Repayment Tenure: Up to 60 months
• Documents Required: PAN card, Aadhaar card, bank statement, and address proof
• Eligibility Criteria: Indian citizen, aged between 21 to 60 years, salaried or self-employed
• Approval and Disbursal Time: Within 24 hours
• Processing Fee: 6% of the loan amount

22. LoanTap

LoanTap focuses on catering to diverse loan needs, from personal loans to credit-line facilities. With minimal paperwork and a fast-tracked application process, LoanTap ensures borrowers can access funds without unnecessary delays. Its tailored loan solutions make it a preferred choice for many.

• Maximum Loan Limit: ₹2 Lakhs
• Interest Rate: 12% to 22% per annum
• Repayment Tenure: Up to 60 months
• Documents Required: PAN card, Aadhaar card, bank statement, and address proof
• Eligibility Criteria: Indian citizen, aged between 21 to 60 years, salaried or self-employed
• Approval and Disbursal Time: Within 24 hours
• Processing Fee: 6% of the loan amount

23. Bajaj Finserv

Bajaj Finserv is a trusted name in the financial services sector, offering instant personal loans with attractive features. Borrowers benefit from flexible tenures and competitive interest rates, coupled with a hassle-free digital process. Its credibility and efficiency make it a standout option for those seeking instant loans.

• Maximum Loan Limit: ₹2 Lakhs
• Interest Rate: 12% to 22% per annum
• Repayment Tenure: Up to 60 months
• Documents Required: PAN card, Aadhaar card, bank statement, and address proof
• Eligibility Criteria: Indian citizen, aged between 21 to 60 years, salaried or self-employed
• Approval and Disbursal Time: Within 24 hours
• Processing Fee: 6% of the loan amount

24. IndiaLends

IndiaLends simplifies the loan process with its intuitive app interface and quick disbursal mechanisms. It offers personalized loan solutions for varying financial needs, ensuring a smooth borrowing experience with minimal documentation requirements.

• Maximum Loan Limit: ₹2 Lakhs
• Interest Rate: 12% to 22% per annum
• Repayment Tenure: Up to 60 months
• Documents Required: PAN card, Aadhaar card, bank statement, and address proof
• Eligibility Criteria: Indian citizen, aged between 21 to 60 years, salaried or self-employed
• Approval and Disbursal Time: Within 24 hours
• Processing Fee: 6% of the loan amount

25. RupeeRedee

RupeeRedee leverages technology to provide instant loans to borrowers with varying credit profiles. Its user-friendly app ensures a smooth loan application process, with quick approvals and disbursals. Borrowers appreciate the transparency and ease of accessing funds.

• Maximum Loan Limit: ₹2 Lakhs
• Interest Rate: 12% to 22% per annum
• Repayment Tenure: Up to 60 months
• Documents Required: PAN card, Aadhaar card, bank statement, and address proof
• Eligibility Criteria: Indian citizen, aged between 21 to 60 years, salaried or self-employed
• Approval and Disbursal Time: Within 24 hours
• Processing Fee: 6% of the loan amount

Documents Required for Personal Loan

Here are the documents required for instant loan apps in India: 

• KYC documents like Aadhar card, driving licence, PAN card
• Income proof
• Three months salary slip 
• Address proof
• Photograph

Eligibility Criteria For Personal Loan

Here’s the eligibility criteria for instant loan apps in India:

• Citizen of India
• Age limit of 21 to 60 years old
• Minimum CIBIL score of 650
• Salaried or self-employed with a minimum of ₹10000 monthly income.

How To Apply For a Loan On An App

Here are the easy steps to apply for the instant loan on an app in India:

• Download the lender’s app.
• Create an account
• Check the eligibility criteria
• Fill out the application
• Submit your KYC verification
• Loan approval and disbursement

Get Instant Cash With NoBroker InstaCash

Now that you are familiar with the top 10 instant loan apps in India, let’s see which is the best. NoBroker InstaCash is one of the fastest instant loan apps and stands as a reliable & efficient companion for those seeking instant cash solutions. With its user-friendly features, substantial borrowing limit, and commitment to transparency, NoBroker InstaCash is more than just a loan app – it’s a financial ally in times of need.

Whether you're facing unexpected expenses or seizing an opportunity, NoBroker InstaCash ensures that instant cash is just a few clicks away. Embrace financial freedom with NoBroker InstaCash and experience the convenience of swift and reliable access to funds.

Frequently Asked Questions