Best Instant Loan Apps in India

An instant loan can help you fulfill all your dreams in an easy way; it also helps you address your financial emergencies in a hassle-free way by providing you quick access to money. Whether you need an instant loan for your wedding, buying a car, financing a holiday, studying overseas or even paying off your credit card bills, you can simply apply for a loan online by downloading an instant personal loan app. The trend of money lending has become immensely popular, enabling loan seekers to avail loan through their mobile. The online instant personal loan apps offer customers collateral-free loans up to Rs. 10 lakhs and above at minimum documentation. If you are looking to avail a personal loan, then here are best instant loan apps that you can download to get quick disbursal at LOW EMI.

Upwards

Upwards offers quick personal loan upto Rs. 2,00,000 to salaried individuals drawing minimum monthly income of Rs. 15,000. The app has an easy to use interface that guides you throughout the application process, thus making it simple for you to apply for a loan in a hassle-free way. Using algorithms and data systems that aggregate data from different mediums, the app generates a credit report on the basis of which your loan application is approved. To successfully apply for a loan with Upwards, you will have to submit documents like PAN card, address proof, salary slip and bank statement. The app offers paperless KYC process and offers quick disbursal. Minimum loan amount: Rs. 20,000 Maximum loan amount: Rs. 2,00,000

Dhani:

Backed by Indiabulls, Dhani allows you to apply for instant personal loans upto Rs. 15 lakhs instantly. All you need to do is download the app, fill in the application and submit your documents for verification purpose. The application status is updated instantly and the loan amount is disbursed within 3-4 hours. Apart from personal loans, Dhani offers business loans too. Minimum loan amount: Rs. 1,000 Maximum loan amount: Rs. 15,00,000

Early Salary:

Based in Pune, Early Salary offers you instant cash on the go. The app is available for download on the app store and has a simple application process. All you need to do is sign up using your mobile number, fill in the details, get instant approval and direct bank transfer. The platform combines traditional credit scoring system with new social and online scoring technology to assess an applicant’s credit eligibility. Loan upto Rs. 2 lakh is offered for tenure upto 12 months at interest rate as low as 2.5% per month. Additionally, with Early Salary you can also shop on EMIs on Amazon, Flipkart and Big Bazaar. Minimum loan amount: Rs. 5000 Maximum loan amount: Rs. 2,00,000

Paysense:

With Paysense, you can get personal loan for all your needs including wedding, mobile, home renovation, electronics and others. The platform caters to individuals with zero credit history as well as the ones with low CIBIL score. To apply, you have to login using your Gmail ID, check eligibility and select a loan plan and proceed with uploading your KYC documents. Once your loan application is approved, the money is disbursed directly in your bank account. Indiviudals aged between 21-60 years can apply for a loan with Paysense Minimum loan amount: Rs. 5,000 Maximum loan amount: Rs. 5,00,000

CASHe:

CASHe offers instant personal loan at attractive interest rates to salaried individuals. The app is available for both android and apple developers and allows you to upload necessary documents through the app. The loan amount is credited directly in your bank account and uses social loan quotient algorithm to determine your loan eligibility. The loan is provided without any paperwork and is disbursed directly in your bank account. Minimum loan amount: Rs. 10,000 Maximum loan amount: Rs. 2,00,000

Moneytap:

With Kredit Bee, you can avail loan as low as Rs. 1000- Rs. 2,00,000. The application process is 100% online and the loan is directly credited in your bank account at minimum documentation. Individuals earning minimum salary of Rs. 15,000 per month can apply for an instant personal loan with Kredit Bee. Individuals aged above 21 years can apply for a loan with this platform. Minimum loan amount: Rs. 1,000 Maximum loan amount: Rs. 1,00,000

Kredit Bee:

It is important to know that an aadhar card loan is simply not provided on the basis of your Aadhar card. Lenders also check your credit score, income, job type and other criteria when processing your loan application. To get a personal loan, it is important that you have a minimum monthly salary of Rs. 15000 and are employed with a government, public or private company. The main aim of an Aadhar card is to make the verification process faster that ensures you can avail the money instantly.

Credy:

Credy offers you instant personal loan upto Rs. 1 lakh for tenure of 3 months-12 months. With Credy, you don’t have to worry about having a low CIBIL score as the loan is offered mainly on the basis of your income, age, salary and job type. To get a loan from Credy, all you have to do is download the app, enter your basic details, upload documents and wait for approval. The loan amount is disbursed directly in your bank account within 24 hours. Minimum loan amount: Rs. 10,000 Maximum loan amount: Rs. 1,00,000

Rupeeland:

Based in Gurgaon, Rupeeland provides short-term credit in just 10 minutes. The company is a part of Casinity group, a digital finance company providing loans to consumers and businesses. With Rupeeland, you can choose a personal loan amount and tenure as per your choice. On making successful application, the status of your loan is instantly updated and disbursal is done almost instantly.

Nira:

Nira is an alternative lending platform offering loans from banks within 24-48 hrs. The loans are collateral-free can be availed at interest rate starting at 1.50%-2.25% per month. Their documentation is just a 3-minute process and they offer 24-hour service. Individuals with low credit history and low income can apply for a loan with Nira. Minimum loan amount: Rs. 5,000 Maximum loan amount: Rs. 1 lakh