Best Instant Personal Loan Apps | Top Loan Apps 2022

Are you searching for best instant personal loan apps which are working for both self-employed and salaried individuals? Here we have covered 10+ top instant loan apps where you can get instant cash in your bank account by just doing online KYC using your PAN card and Aadhaar card.

Need to borrow money for an emergency? Or perhaps you are a salaried professional in need of an instant loan before the next payday. Then the best bet for you in 2022 will be the growing instant personal loan apps in India. These Indian Fintech apps are your one-stop contactless credit solution, which guarantees a loan within minutes.

The past few years have seen a massive boom in the Fintech industry in India on account of various money exchange, lending, and borrowing apps offering financial freedom to the youth. Gone are the days when it used to be impossible to cut through all the banking red tape. Now, the Indian youth have the options to venture into the online loan lending platforms and they don’t hesitate to apply for one.

Small business owners looking to raise cash immediately are also drawn towards these Instant Personal Loan Apps due to their competitive rates, comfortable EMIs, paperless process, and quick turnaround time. These line of credit apps which literally send money to your account within minutes after online verification are really a godsend to fix all your financial crisis.

Students looking for the best way to finance their education are also seeking these instant student loan apps, mainly because they don’t have to bother friends or family each time an urgent cash need appears in front of them. And the fact that these mobile loan apps don’t require a guarantor or collateral to apply for a loan, offer short-term loans at attractive interest rates, and even have flexible repayment tenures, makes them the go-to alternative in desperate times.

New Loan applicants dreading to venture into the uncharted territories of Instant Cash apps, should know that all the major online money lending apps in India are approved by NBFCs (Non- Banking Financial Company), which are regulated by the Reserve Bank of India (RBI) itself.

Seasoned money borrowers from these Fintech personal loan apps, on the other hand, understand the immeasurable benefits they receive in keeping their monthly expenses in check, whether it’s paying their credit card bills on time to maintain a healthy CIBIL score, or simply adding much needed flexibility to their budget.

Top 10 Instant Loan App in India:

KreditBee: Personal Loan App

KreditBee is one of the leading instant personal loan app which provides you funds within 15 minutes. This personal loan app not only provides instant cash to salaried professionals but also to Self-Employed people. The process of applying loan on KreditBee app is quite easy, just enter your personal details like name, date of birth, address, professional info, aadhar card number and pan card. Within 5 minutes the app will check all the details which you have provided and aadhar based OTP verification will be done along with CIBIL score verification. The instant loan amount approval is totally depends on multiple factors like your CIBIL score, monthly income and location.

The instant loan on KreditBee app is known as Flexi personal loan in which they provide amount between Rs 1,000 to Rs 50,000 for a duration of 2 to 10 months. Along with Flexi instant personal loan they have multiple loan options like – personal loan for salaried individuals, personal loan for self-employed persons, online purchase loan (if you don’t want cash loan, KreditBee offers E-Vouchers of various brands Amazon, Flipkart, Myntra, MakeMyTrip, Nykaa etc. which you can convert in EMI also. Recently they have launched My KreditBee Card in which a credit limit will be assigned according to your credit profile which you can use on any online platform.

KreditBee App Details:

Company NameKreditBee (Finnovation Tech Solutions Pvt Ltd)
Lending PartnersKrazybee Services Pvt. Ltd, IIFL Finance Ltd, Incred Financial Services Lt., Fullerton India Credit Company Ltd, Vivriti Capital Pvt. Ltd, AU Small Finance Bank Ltd, Northern Arc Capital Ltd, Northern Arc Capital Ltd, MAS Financial Services Ltd, Western Capital Advisors Pvt. Ltd, PayU Finance Advisors Pvt Ltd, Poonawalla Fincorp Ltd, Piramal Capital & Housing Finance Ltd and many more
USPInstant Personal Loan as well as Instant e-Voucher Loan Available For Self Employed People
Types of LoansFlexi Personal Loan, Personal Loan for Salaried and Self-Employed Professionals, E-Voucher Loan (online purchase loan), KreditBee Card
Interest Rates0% to 29.95% per annum
Tenure62 Days to 24 Months
Locations ServedAll Across India
Google Ratings4.5 Stars

User Opinion On KreditBee Instant Flexi Loan: I have taken loan of Rs 8000 from KreditBee app an year ago. During Loan application my CIBIL score was 750+, monthly income was less than 45k & location was Tier 2 city – They disbursed Rs 7233 to my bank account and following charges are placed – (Processing Fees – Rs 500, On Boarding Fee – Rs 150, GST – Rs 117, Repayment Amount – Rs 8306). It was a nice experience on KreditBee app as loan was also disbursed to my bank account within few minutes. One of the amazing thing about using KreditBee application is that after paying dues on time they increase your instant loan amount limit gradually. Their E-Voucher loan service is also best than other shopping loan provider as they disburse the voucher within 15 minutes of application.


Kissht is also a popular loan app which is an RBI registered NBFC providing services like instant personal loan and EMI shopping loans. They offers flexible EMI plans for the instant loans but it depends on the location of user. For many users they offer a payment time frame of 15 days but for some users they offer 2-6 months EMI plans. The process of applying loan through Kissht is simple- Just do your KYC to know the credit line for which you are eligible. If you are approved for a FastCash limit on Kissht application then it will take 2-3 minutes to get amount in your bank account. Although Kissht provides very fast instant loan disbursement service but their loan processing fee is little high.

Kissht App Details:

Company NameOnemi Technology Solutions
USPIt provides a revolving credit line upto Rs 30,000. (Both Salaried and Self-Employed Persons are Eligible)
Types of LoansRevolving line of credit, Instant credit to small business purchases
Interest Rates15% to 26%
Tenure15 Days to 24 Months
Locations ServedIndia
Google Ratings4.3 Stars


Rufilo is a Instant Credit Line application similar to Kissht which offers quick disbursal of loan amount. It provides instant loan services across almost every city of India from RBI registered NBFC companies and services provides. Rufilo’s credit line approval process is very fast, within 5 minutes after providing your Aadhaar & Pan Card their inbuilt app algorithm will verify your application and assign you with certain limit. Initially Rufilo will offer you less loan limit but the credit limit will increase after using regularly & paying EMIs on time. The maximum instant loan credit limit which you can get from Rufilo is Rs 25,000. If you need an emergency loan from Rufilo just use their Quick Cash – Instant Credit option which is available on their app. The Quick Cash Loan payment due timing is 15 days, so once your quick loan is disbursed – you have to pay the amount with interest within 15 days.

Currently there are no other loan options in Rufilo’s app other than quick cash – instant credit line but shopping voucher loan will be coming soon according to their app.

Rufilo App Details:

Company NameWaydelta Financial Services Pvt Ltd
Eligibility CriteriaMin Age- 12 years, Min Income- Rs 12,000 (Salaried) and Rs 15,000 (Self Employed)
Loan ProductsInstant Personal Loan, Small Business Loans, Quick Cash – Instant Credit Line
USPInstant Loan Application Processing and Disbursal
Interest RatesAPR (14% to 28%)
Tenure3 Months to 24 Months
Locations ServedAll Over India
Google Ratings4.4 Stars

User Opinion On Rufilo Quick Cash – Instant Credit Line: Although the speed of loan processing is fast in case of Rufilo’s instant loan but the processing fees including GST charges are quite high. Few months ago i took a loan of Rs 24,000 from Rufilo’s app which was for a duration of 15 days only. The disbursement amount which i got from Rufilo was Rs 20,885 so the charges are Rs 3,293 which is including processing fee, interest and GST charges. Overall the experience of this instant loan app is smooth & fast but i will be using it if there is no option left.

PayRupik Instant Personal Loan

PayRupik is also a new contender in the space of Instant Personal Apps with a Google ratings of 4.4 stars. Sayyam Investments Pvt Ltd is the main company behind the PayRupik app and its provides loan amount ranging from Rs 1000 to Rs 20000. As per their details provided on PayRupik’s website the interest rate charged here is quite high upto 35% per annum. The method of applying loan on PayRupik is similar to other quick loan apps but here along with digital kyc you have to upload your aadhaar card and pan card manually. If you are looking for small loan with instant disbursal, then you can use PayRupik app.

Company NameSayyam Investments Pvt Ltd
Eligibility CriteriaStudents, Salaried and Self Employed Professionals
Eligibility18 Years, Indian, Any Kind of Income Source
Interest RatesAPR 35%
Tenure91 Days to 365 Days
Loan AmountRs 1000 to Rs Rs 10,000
Google Ratings4.4 Stars

User Opinion On PayRupik Instant Personal Loan App: I have tried PayRupik instant cash loan service in few months ago but the amount they approve was only Rs 1800. Rs 1375 was disbursed to my bank account and following charges are applied on my loan – (Interest- Rs 23, Service Fee- RS 360, GST- Rs 65) & repayable amount was Rs 1823. Overall the loan processing and disbursal was done within 15 minutes but the credit limit PayRupik provide is very low.


RupeeRedee – Personal Loan App is also in the present in the list of best instant loan apps in India. What’s unique about RupeeRedee is that you can get small loan amounts with longer duration of EMIs. The lending partner of RupeeRedee is FincFriends Private Limited which is a RBI registered NBFC. RupeeRedee provides 2 kinds of loan offerings:

  • Flexi Personal Loan: To apply for this loan you just need your aadhaar card and PAN card to verification. Quickly within 10 minutes your loan application will be verified automatically on RupeeRedee app and after the signing the EMI mandate online form – the loan amount is instantly disbursed.
  • Personal Loan (Salaried and Self-Employed Professionals): In this loan category the loan amount is extended upto Rs 30,000 which you can convert into EMI for longer durations like upto 6 months.
Lender NameFincFriends Private Limited
Documents RequiredAddress Proof (Aadhaar Card), Selfie, PAN Card & Bank Account
Interest RatesAPR (12% to 36%)
Tenure3 to 6 Months
Locations ServedAll Over India
Google Ratings4.0

User Opinion On RupeeRedee Instant Flexi Personal Loan App: I have tried taking loan from RupeeRedee app 3-4 times. At first they approved my loan but assigned only Rs 5000 amount for a duration of 1 month. After repayment of the previous loan of Rs 5000, i again applied on RupeeRedee and this time i got approved for a loan amount of Rs 25,000. This time the instant loan of Rs 25,000 was credited to my bank account within 5 minutes and the repayment tenure was 3 months. The total repayment for this Rs 25,000 instant loan was Rs 31,846.84 which was divided into 3 EMIs (Rs 10600.00 for 2 Months and Rs 10646.84 for the 3rd Month)


At present NAVI is one of the best instant cash loan app because they are providing instant loan upto Rs 20 lakhs. If you need more than 10,000 INR cash instantly in your bank account then NAVI cash loan app will be best for you. As they also provide flexible emi options from 6 months to 72 months with less processing fees. Applying instant personal loan on NAVI app is just a 5 minute task, simply do your KYC using your Aadhar card and PAN. We suggest you to make sure your CIBIL score is greater than 750 before applying any loan through NAVI application.

User Opinion On NAVI Instant Cash Loan App: Last year, i took a loan of Rs 40,000 from Navi app for a tenure of 6 months. They charged me with a annual interest rate of 18% and the processing fees was Rs 1,769 with is inclusive of GST. The loan amount which was disbursed by Navi company was Rs 38, 231 and the total loan repayment amount was Rs 41844. Personally my experience was nice as Navi approved my loan within minutes and also the loan amount was disbursed instantly within 5 minutes. One of the amazing thing about taking instant loan from NAVI was that you can pay your emi whenever you want and also you can foreclose your loan anytime. 100% digital process is followed by Navi quick loan app.

Branch Personal Loan App

Branch app can be beneficial in emergency cash needs as their loan application process is fully digital. The requirements for applying loan through Branch app is similar to other instant loan applications. Aadhaar card, PAN card, Voter ID, Bank Account and access to your phone data will be required during loan processing. They not only check your credit score but also your repayment history before finalizing the loan offer. Although the loan application is not instantly verified by Branch app but they claim to process loans within 8 hours but in some case they take upto 24 hours. So if you need immediate cash for any kind of needs like shopping, medical or personal use, just give a try on Branch app.

Branch Personal Loan App Details:

  • Company Name: Branch International
  • Interest Rate: 36% to 48% (3 to 4 percent monthly interest)
  • Loan Tenure: 62 days to 180 days
  • Address: WeWork BKC, C-20, G Block Rd, G Block BKC, Bandra Kurla Complex, Bandra East, Mumbai, Maharashtra
  • Email ID: [email protected]
  • Google Ratings: 4.5 Stars

LazyPay – Express Loan Service

Who doesn’t know about LazyPay Loan App & Pay Later services in India. At present LazyPay is considered as the best pay later application with 4.5 star ratings on Google playstore. They provide PayLater services in which you will get credit limit according to your CIBIL and income details which you can pay after 1 month without any interest. Also you can convert this credit limit into EMIs upto 12 months as per your requirement. The process of applying loan through LazyPay app is not much complicated, just enter your personal details, profession details, income details and switch on location option in your smartphone. They will analyze your profile, CIBIL score history within few minutes and allot you a certain limit. The limit for which you become eligible in LazyPay can be used on various online merchants Zomato, Swiggy, MedLife, Dunzo, MakeMyTrip, Vodafone-Idea and many more. But if you need cash you have to use their card which you can convert into cash using payment apps like PayTM and Mobikwik.

You can also use LazyPay’s Instant Personal Loan service which is known as Xpress Cash if you need Instant loan in your Bank account. Xpress Cash service offers loan amount ranging from Rs 3000 to Rs 1 Lakh with an Repayment time duration of 3 to 18 Months. The Interest rate (APR) of Xpress Cash loan is 16 to 32% on the reducing amount.

Company NamePayU Finance (India) Private Limited
Interest Rate (Annual Percentage Rate)15% to 32%
Loan Tenure3 Months to 24 Months
USPNo Interest Charged If Paid within a Month or before due date
Revolve Rates36% to 42%
Email[email protected]

Home Credit

Home Credit is a Netherlands based company which has its Indian headquarter at DLF Infinity Towers, Gurgaon. Home Credit is a multipurpose app which provides many types of finance and loan services like – Flexible Personal Loan, Personal Loan, Mobile Phones and Home Appliances on EMIs, Home Credit Ujjwal EMI Card, Gold Loan & Home Loan etc. If you are looking for larger loan amounts with quick disbursal and 100% digital process, then you must try Home Credit app once.

Loan Amount OfferedUpto 5 Lakh INR
Interest Rate (Annual Percentage Rate)24% to 49.5%
Loan Tenure6 Months to 48 Months
Processing Fees(2.5 – 5)%
Convenience FeesMax upto Rs 250

User Opinion On Home Credit Personal Loan App: I still remember Home Credit app as during the pandemic times not even a single bank is providing loan to self-employed people in my region. Then i changed my mind and searched for instant loan apps in India on Google playstore, from there i came to know about Home Credit app. I submitted my loan application on Home Credit App and also done offline KYC on the same day through their agent available in my city. Within few hours my KYC was approved and Rs 95,000 was sanctioned for my loan. Then, i have done my EMI mandate registration through my bank’s net banking feature, it was also completed within a minute. After NACH setup, i got a message from Home Credit that loan amount will be disbursed within 48 hours but i got credited with the loan amount of Rs 95,000 within 24 hours. Here are the full details about this Rs 95,000 loan – (Disbursal Amount: Rs, 95,000, Flat Interest Rate: 23.30 % p.a., Interest amount: 66,388.00 Rs. and 36 EMIs of Rs 4,483.00)

InstaMoney Personal Loan App

InstaMoney is leading loan provider app which is a product of the most trusted RBI registered NBFC – P2P company – LenDenClub. InstaMoney provides loan amount ranging from Rs 5000 to Rs 25,000 with a tenure of 3 to 6 months. The interest amount charged by this app is 24% to 35.88% and no credit history is required for applying loan on InstaMoney loan application.

Eligibility Criteria For Applying Loan on InstaMoney:

  • Salaried professionals with minimum salary of Rs 12,000 per month
  • Age Requirement: 21 to 45 Years
  • Indian Citizen
  • Salary must be credited to your bank account (No Cash)
Company NameInstaMoney (LenDenClub)
Documents RequiredSelfie, Aadhar Card, PAN Card and Bank Statement
Interest RatesAPR (24% to 35.88%)
Tenure91 Days to 150 Days
Locations ServedAll Over India
Google Ratings4 Stars

User Opinion On InstaMoney Personal Loan App: Recently i got info about InstaMoney app from some youtuber and applied for loan. My CIBIL was more than 800+ during loan application on InstaMoney app, Rs 10,000 loan amount was approved within 5 minutes for a duration of 3 months. The final disbursed amount was Rs 9410 and Investment Processing Fees was Rs 590. For this instant loan of Rs 10000 through InstaMoney app, the repayment amount was Rs 10899 which was payable as Rs 3633 in 3 EMIs. Overall i liked this loan app as it is NBFC firm but one negative point according to me is that you have to pay Rs 199 during loan application. This Rs 199 amount is also not refundable, so if your loan is rejected after payment on InstaMoney app – you will not get any refund amount.

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