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Top 10 Best Instant Loan Apps in India (2023 Updated)

There are many times when we suddenly need money, and then we need help understanding where we should get money or how to fulfill our needs. And many times when we ask our relatives and friends for money when needed, they either start making excuses for not giving money, or they don’t have money. When we are in dire need of money, all the doors to getting money are almost closed.

In such a situation, we have only one option –and the option is taking a personal loan. But when we think of taking a loan, the thought immediately comes to our mind of who will repeatedly visit the bank, who will do a lot of paperwork, and don’t know whether they will get the loan. Because of these thoughts, we run away from taking loans. 

But now, with the new era of fintech technology, taking out a loan has also become easier. Instead of taking a loan from a direct bank, you can instantly take a loan from Reserve Bank of India-approved Non-Banking Financial Companies (NBFCs) with minimal paperwork or without any paperwork in minutes.

 NBFCs are very similar to banks in a way, but they differ from banks in many cases. The Reserve Bank approves these. These companies offer loans, credit facilities, etc. 

Now this question must arise in your mind Are instant loan apps safe? whether it is safe to take a loan from NBFCs because every day, we hear about fraud in the name of loans.

It is secure if you take a loan from NBFC-approved apps by RBI Bank. We inform you that you should check it before taking a loan from any app. Whenever you take a loan, check whether it is from a bank or an RBI-approved NBFC.

Today we will tell you some such ‘Best Instant Loan Apps in India 2023’, which are NBFCs approved by RBI Bank, from which you can take an instant loan in minutes at your bank without any paperwork. Fastest instant loan app.

Top 10 Best Instant Loan Apps in India

Top 10 Fastest Loan Apps in India 2023 Summary

S No.Apps NamePlay Store RatingPlaystore Downloads
1.MoneyView4.6/510M+
2.Navi4.2/510M+
3.Paysense4.6/510M+
4.KreditBee4.6/510M+
5.MoneyTap4.1/510M+
6.Buddy Loan4.4/55M+
7.Home Credit4.4/510M+
8.Nira App4.4/55M+
9.CASHe4.4/510M+
10.Payme India4.2/51M+

Best Instant Loan Apps in India

Navi

Navi (Navi Technologies Ltd) is India’s instant app loan provider. It has over 300k reviews and 10M+ downloads on Playstore. This app is one of the top instant paperless loan providers.

  • Eligibility:  Anyone between the ages of 21-65 can apply for a Navi cash loan with a minimum household income of Rs.3,00,000 /.
  • Minimum Loan Amount: Rs.10,000.
  • Maximum Loan Amount: Rs.20,00,000.
  • Tenure: For 3 to 72 Months
  • Interest Rate: 9.9%- 45% p.a (Depends on Your Cibil History and Other Factors)
  • Cibil Score Needed: A Good Cibil Score Needed (Approx 750+)
  • Features: 100% digital process, Fast Disbursal, Good Interest Rate, User-Friendly App 
  • Documentation: Identity Proof, Address Proof, Borrower Image, PAN card, and Income Proof is required. 

BuddyLoan

  • Eligibility:  Anyone between the ages of 21-65 can apply for a Navi cash loan with a minimum household income of Rs.3,00,000 /.
  • Minimum Loan Amount: Rs.10,000.
  • Maximum Loan Amount: Rs.15,00,000.
  • Tenure: For 3 to 60 Months
  • Interest Rate: 9.9%- 45% p.a (Depends on Different-Different Lending Partners)
  • Cibil Score Needed: A Good Cibil Score Needed (Approx 750+)
  • Features: 100% digital process, Fast Disbursal, Good Interest Rate, User-Friendly App 
  • Documentation: Identity Proof, Address Proof, Borrower Image, PAN card, and Income Proof is required. 

MoneyView

MoneyView is an instant app loan provider in India. It has over 973k reviews and 10M+ downloads on Playstore. Money View is considered one of the best instant personal loan apps in India.

Moneyview
  • Eligibility:  Anyone between the age of 21-57 can apply for a MoneyView loan with a minimum household income of Rs.3,00,000 /.
  • Minimum Loan Amount: Rs.5,000.
  • Maximum Loan Amount: Rs.5,00,000.
  • Tenure: For 3 to 60 Months
  • Interest Rate: Starting at 16% to 39% (APR)
  • Cibil Score Needed: A Good Cibil Score Needed (Approx 600+)
  • Features: 100% digital process, Quick 24hrs Disbursal, Good Interest Rate, User-Friendly App 
  • Documentation: Identity Proof, Address Proof, Borrower Image, PAN card, and Income Proof (May be Required).
  • Get Your Preapproved Offer

Nira App

When it comes to the fastest instant loan app, Nira is also one of the quick trusted instant personal loan providers with easy selfie, doc upload, and fast KYC.

  • Eligibility:  Anyone between the ages of 22 – 59 can apply for a Nira Instant Personal Loan—a salaried Person with a minimum salary of Rs.12,000.
  • Minimum Loan Amount: Rs.5,000.
  • Maximum Loan Amount: Rs.1,00,000.
  • Tenure: For 3 to 24 Months
  • Interest Rate: 2%-3% per month.
  • Cibil Score Needed: A Good Cibil Score Needed (Approx 750+)
  • Features: 100% digital process, Fast Disbursal, Lit bit of interest rate.
  • Documentation: Identity Proof, Address Proof, Borrower Image, PAN card, Recent Salary Slip, and Last 3 Months’ bank statements.

Paysense

Paysense ranked 5th in the top 10 Instant personal loan apps in India. It has a 3.4 rating with 98k reviews and 1 Cr+ download on Playstore.

  • Eligibility:  Anyone between the age of 21-60 can apply for a loan with a regular income source.
  • Minimum Loan Amount: Rs.5,000.
  • Maximum  Loan Amount: Rs.5,00,000.
  • Tenure: For 3 to 60 Months
  • Interest Rate: 16%- 36% p.a (Depends on Your Cibil History and Other Factors)
  • Cibil Score Needed: A Good Cibil Score Needed (Approx 750+)
  • Features: 100% digital process, Fast Disbursal, Good Interest Rate, User-Friendly App 
  • Documentation: Identity Proof, Address Proof, Borrower Image, Pan Card, and Income Proof are required. 

mPokket

mPokket is one of the most popular small instant personal loan apps. If you need urgent up to Rs.30k. You can instantly get a loan from this app within 5mins of your account once your account is approved. Anyone can apply whether you are a student or a salaried professional.

  • Eligibility:  Anyone between the age of 18-60 can apply for a loan with a regular income source.
  • Minimum Loan Amount: Rs.500.
  • Maximum  Loan Amount: Rs.30,000.
  • Tenure: For 61 Days to 120 Days
  • Interest Rate: 0%- 4% Per month (Depends on Your Cibil History and Other Factors)
  • Cibil Score Needed: Good Cibil Score
  • Features: 100% digital process, Fast Disbursal, Good Interest Rate, User-Friendly App 
  • Documentation: Identity Proof, Address Proof, Borrower Image, Pan Card, College ID for college students, and Last 3 months’ bank statement for salaried professionals.
  • Apply Now

Home Credit

Home Credit is one of the leading Instant Personal loan providers in India. It has more than 1 Cr+ downloads on Playstore with 4.4 Ratings (4L+ Reviews).

  • Eligibility:  Anyone (Salaried, Self Employed, or Pensioner)  between the age of 19-68 can apply for a loan with a regular income source.
  • Minimum Loan Amount: Rs.10,000.
  • Maximum  Loan Amount: Rs.5,00,000.
  • Tenure: For 3 to 72 Months
  • Interest Rate: 24% to 34% APR (Depends on Your Cibil History and Other Factors)
  • Cibil Score Needed: A Good Cibil Score Needed (Approx 750+)
  • Features: 100% digital process, Within 24hr Disbursal, Seamless digital exprience.
  • Documentation: Identity Proof, Address Proof, Borrower Image, Pan Card, and Income Proof are required. 

LazyPay (Xpress Cash Loan) Payu Finance India Private Limited

LazyPay is a Pay later and Instant Loan provider app by its partnership with different RBI-registered NBFCs.

  • Eligibility:  Anyone between the age of 21-60 can apply for a loan with a regular income source.
  • Minimum Loan Amount: Rs.5,000.
  • Maximum  Loan Amount: Rs.5,00,000.
  • Tenure: For 3 to 60 Months
  • Interest Rate: 12%- 36% p.a (Depends on Your Cibil History and Other Factors)
  • Cibil Score Needed: A Good Cibil Score Needed (Approx 750+)
  • Features: 100% digital process, Fast Disbursal, Good Interest Rate, User-Friendly App 
  • Documentation: Identity Proof, Address Proof, Borrower Image, Pan Card, and Income Proof is required. 

Cashe

Cashe is a Salaried professional go-to personal loan app with 3.8 (2L) ratings and 1Cr+ downloads on Play Store.

  • Eligibility:  Anyone above the age of 21 with salaried can apply for a loan with a regular income source.
  • Minimum Loan Amount: Rs.1,000.
  • Maximum  Loan Amount: Rs.4,00,000.
  • Tenure: For 3 to 18 Months
  • Interest Rate: 30% (APR)
  • Cibil Score Needed: A Good Cibil Score Needed (Approx 750+)
  • Features: 100% Paperless process, No foreclosure fees, Instant Credit Line, Quick KYC but sometimes it takes a lot because of the documentation.
  • Documentation: Identity Proof, Address Proof, Borrower Image, Pan Card, and 3 months’ bank statement with salary credit required (Netbanking Enabled). 

PayMe India

Payme India is an instant personal loan app (Hinguey Tech Pvt Ltd.) with 4.0 (98T) ratings on Play Store.

  • Eligibility:  Anyone between the age of 21-60 can apply for a loan with a regular income source.
  • Minimum Loan Amount: Any Amount
  • Maximum  Loan Amount: Rs.10,00,000.
  • Tenure: For 3 to 24 Months
  • Interest Rate: 36%- 54% p.a (Depends on Your Cibil History and Other Factors)
  • Cibil Score Needed: A Good Cibil Score Needed (Approx 750+)
  • Features: 100% digital process, Instant Online Loan, High-Interest Rate, 
  • Documentation 📃: Identity Proof, Address Proof, Borrower Image, Pan Card, and Income Proof are not mandatory.
Disclaimer

Getting instant loan approval is subject to approval and bank policies risk. also, apply for a loan based on your own proper research, and before applying for any type of loan check all the requirements applying as interest rate, and processing fees, Is the lender RBI registered or not? etc.

FAQs

Which app gives the highest loan instantly?

Navi and MoneyView are two of the top best instant loan apps which provide higher loans instantly based on the eligibility check.

Which company is best for an instant loan?

Navi, Money View, and Nira are the top-rated instant loan providers in India.

Which app gives 5 minutes loan?

Many apps provide instant loans in 5 minutes like Nira, Navi, mpocket.

Which app gives an instant loan of 50000??

If you need urgent Rs.50000 money, Moneyview can help you to get an instant 50k loan amount.

Are instant loan apps safe?

Top trusted Instant app loans partnered with RBI Approved NBFCs which are fully safe. But are many fraud apps available on Playstore which are not safe. So, do proper research before apply loan from any apps.

Amrit Maurya
Amrit Mauryahttps://lifenomic.com
Personal Growth | Positive Vibes | Self Care Creating Content To Heal People's Life ♥️ I help you to become better version of yourself

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