Top Instant Personal Loan Apps in India For 2021

Top Instant Personal Loan Apps in India For 2021
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India is witnessing changes in all aspects of business and finance. For instance, taking a loan is no longer a taboo practice for all. Young Indians have begun taking loans for all kinds of uses, from funding higher studies, renovating a house, financing a holiday to buy a car, or conducting a wedding.

In case of such urgent needs for cash, the traditional sources were personal loans from banks; but they involve much red tape and are time-consuming. Another option is the use of credit cards, but their interest rates are prohibitive. Also, not many employers offer a salary in advance, nor is one always offered help from family members.

To meet such growing demand, many firms have begun offering funds to fuel the dreams of the current ambitious population in the country. Money lending apps are becoming popular, thanks to the benefits they offer – low interest rates, customized loans, online credit cards, a simple process of application, and 24×7 tracking.

Today there are several instant loan apps in 2021 offering a hassle free, fast, and paperless mode to get quick access to funds for the sake of an emergency or for fulfilling a dream project.

The following are some of the best instant loan apps in India:

Money View

With Money View Loans app, one can get a personal loan within 2 hours. Whether you want to renovate your home, buy a new vehicle or finance your wedding expenditure, the personal loan from Money View is the best in the market. Such a loan is flexible, easy, fast, and paperless. The option for loan amount ranges from Rs. 5,000 to Rs. 5 lakhs. There is a flexible period of repayment and ranges from 3 months to 5 years.

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MoneyTap is the first app-based credit line in India. The best feature of this app is its No-use: No-interest facility, which helps deliver more affordable credit. This feature implies that you will pay only that amount of interest for the amount of loan which you have used. MoneyTap has flexible interest rates and serves over 30 cities in India.


PaySense is an instant money app, which offers instant cash loans online. You can check your loan eligibility from a laptop or phone, submit your KYC details, apply for a loan and get the loan approved in 5 hours. The app offers loans up to Rs.5 lakhs. It also provides an EMI calculator using which you can ascertain your monthly payment dues.


It was marketed popularly as a Phone Se Loan app. It instantly disburses your loan to your bank account. You can apply for a personal loan anywhere and anytime. For interest rates of 12%, you can get a loan up to Rs. 15 lakhs instantly. The app can be downloaded for free; provide your Aadhaar card details, state your loan amount and it will be credited to your account instantly.


KreditBee is an instant personal loan app targeting young professionals. You can get loan amounts up to Rs.1 lakh. The loan is processed 100% online. Disbursement is completed within 15 minutes, and the amount is credited to your account directly.


IndiaLends is one of the popular apps in India to secure instant loans and credit cards. Loans are disbursed within 48 hours, carrying best interest rates. This app makes use of data and technology to enhance risk assessments and workflows, such that loan disbursals are easier, shorter, and more efficient.

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Nira Finance

It is a Fin-Tech company that provides credit to India’s salaried professionals. Loans are extended for amounts ranging from Rs. 3000 to Rs. 1 lakh. Tenure of the loan extends from 3 months to 1 year. Each time, you can withdraw an amount of Rs.5000. Interest applied on a loan is based on the quantum of loan and time of repayment.


It is a mobile app-based digital platform for lending, which offers short-term personal loans to salaried individuals for their different financial requirements. You must submit documents like PAN card, address proof, bank statements, salary slips etc., which may be uploaded while applying for a loan. The loan amount ranges from Rs. 5000 to Rs 2 lakhs and tenures range from 15 days to 6 months. Repayments can be made by cheque deposit or bank transfer every month.

In sum, these are the leading instant personal loan apps in India.

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Shankar is a tech blogger who occasionally enjoys penning historical fiction. With over a thousand articles written on tech, business, finance, marketing, mobile, social media, cloud storage, software, and general topics, he has been creating material for the past eight years.

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