Best Instant Loan Apps Online

Best Instant Loan Apps Online
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Gone are the days when you had to struggle for weeks & months to get a bank loan. The application process was so lengthy and cumbersome that it often defeated the very purpose. It was tough to get the money quickly when you needed cash desperately. But now, with instant loan apply online apps, you can get the money in a jiffy without much hassle. With banking at your doorstep, you no longer need a bank.

Not everyone is comfortable asking their friends & relatives for cash every time. Be it a medical emergency, a family function, festive shopping, or renovating your home, and an instant personal loan can fulfill all your requirements. Now you don’t have to suffer in a crisis or compromise on your desires for want of money. An instant loan app can be your most reliable companion in an hour of need.

Top 5 Instant Personal Loan Apps

Loan apps have revolutionized the personal finance space with their simplicity & sophistication. No more visiting the bank, standing in queue for hours, and filling up multiple forms for a ten thousand rupee loan. You can now get a couple of lakhs within a few minutes and with a few clicks!

The list of the 5 best instant loan apps has been compiled below.

  • Navi Personal Loan App

Navi offers you instant cash loans with zero paperwork. Just download the app on your phone and apply for a personal loan. Navi is definitely one of the best instant loan apps in India. Everything from a loan application to its disbursal can be done entirely on the app itself. The documentation requirements are minimal, requiring just your PAN & Aadhaar cards. You can avail of personal loans up to Rs.20 lakh starting at just 9.9% p.a. With the flexible EMI options, and you can quickly repay the loan over 72 months.

The Navi app has got 10 million+ downloads and loan disbursal of over Rs.7,000 crore to its credit.

  • PaySense

With the PaySense loan app, you can instantly get a cash loan of up to Rs.5 lakh. The minimum monthly income requirement is Rs.18,000 and Rs.20,000 for salaried and self-employed people, respectively. On the PaySense instant personal loan app, the loan process is entirely digital & paperless. With its one-time documentation feature, subsequent loans can be availed with a few clicks & taps. PaySense also offers instant cash loans to people who are first-time borrowers with no credit history. It has partnered with some of India’s leading banks & NBFCs. With 10 million plus app downloads, PaySense has disbursed cash loans of over Rs.2,000 crore till date.

  • Money Tap
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With Money Tap, you can enjoy a personal line of credit of up to Rs.5 lakh with a loan tenure of 36 months. The Money Tap app has a special feature called the ‘no-usage-no-interest .’You can borrow any amount within your pre-approved credit limit. The interest is charged only on the amount of money actually used from your approved limit. The credit limit gets automatically recharged once you repay the borrowed amount and facilitates multiple borrowings by the users. 

  • Bajaj Finserv Experia

This is one of the best loan apps in India to avail of high-value personal loans. You can borrow up to Rs.35 lakh of instant personal loans online with no collaterals. Bajaj Finserv offers easy EMI payment options spread across a tenure of 7 years. The drawdown facility allows you to quickly access additional funds in emergency situations. The family-sharing feature of the app enables up to 6 family members to use a single app for their requirements. You get instant support through the app’s chatbot to address all your queries. The Flexi-personal loan feature provides interest-only EMIs that can reduce your monthly loan expenses by up to 45%.

  • Buddy Loan App

Buddy Loan is India’s biggest loan aggregator platform. It grants you instant personal loans of up to Rs.15 lakh and has an 80% loan approval rate. Buddy Loan enjoys the distinction of being the country’s fastest instant loan app. The app offers collateral-free personal loans from the top lenders with interest rates starting at 11.99% p.a. The minimum monthly income requirement for an instant cash loan is Rs.18,000. With the Buddy Loan app, the entire loan process is simple, fast, safe & secure.

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Benefits of Instant Loan Apps

Simplicity & convenience are the hallmark features of a good loan app. The user-friendly design and interface of the app make it possible for any person to use it effortlessly. Some of the significant benefits of these loan apps are listed below.

  • You can apply for a loan 24x7x365 from any place in India. Unlike a bank loan, there are no time and geographical barriers.
  • No need to bother about cumbersome documentation. With just a PAN, Aadhaar card, and bank account statements, you are good to go.
  • The loans are approved instantly and often do not take more than an hour to disburse the amount to your account.
  • The best loan apps in India do not have any hidden charges and have zero foreclosure charges. Many of these apps waive the processing charges for big-ticket loans.
  • You can avail of high-value loans (Rs.20-25 lakh) at lower interest rates with loan tenures of up to 72 months.
  • The alert feature on the app reminds you of EMI dates. The EMI payment is done automatically every month through the ECS mandate.
  • Personal loans do not require any collateral or personal guarantee. A regular income stream and a good credit rating would suffice.


The digital revolution in India is a massive game-changer and has transformed the lives of millions. The impact of technology has been deep and strong, affecting the daily life of people and simplifying it for them. A few clicks & taps can now ensure that you have money when you need it most.

With their ‘instant loan apply online’ feature, personal loan apps have effectively replaced banks for most of your personal finance needs. You can now get money anytime, anywhere, and within a few minutes!

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Keerthana is the best content writer in Technonguide, She writes about Applications, Games, and helpful websites on because she loves new Technology and programs that make life easier.