20 Best Loan Apps in India – [verified List]

Are you looking for a quick loan without the hassle of paperwork or long bank queues? Whether it’s an emergency, travel plan, or big purchase, online best loan apps in India are now making it super easy to borrow money right from your phone. With just a few taps, you can check eligibility, upload documents, and get instant approval, all from the comfort of your home.

In this blog, we’ll share the top 20 loan apps in India that are safe, fast, and user-friendly. All these apps are either RBI-registered NBFCs or backed by trusted financial partners, so you don’t have to worry about fraud or data security.

Top 20  Loan Apps in India

Here is a detailed list of each of the top 20 loan apps in India, with relevant features and highlights to help users make an informed decision.

Sr. No	App Name	Loan Amount	Interest Rate (p.a./pm)	Tenure
1	IDFC First Bank	Up to ₹10 Lakh	~9.99% p.a.	9–60 months
2	Bajaj Finserv	Up to ₹55 Lakh	~10–31% p.a.	Up to 96 months
3	MoneyView	₹5,000 – ₹10 Lakh	~14% p.a. (≈1.16%/m)	3–60 months
4	SmartCoin/Olyv	₹1,000 – ₹5 Lakh	~18% p.a. (≈1.5%/m)	2–18 months
5	Kissht	Up to ₹5 Lakh	~14% p.a.	Up to 60 months
6	Buddy Loan	Up to ₹15 Lakh	~11.99% p.a.	6–60 months
7	KreditBee	₹1,000 – ₹5 Lakh	~12–29.9% p.a. (≈1.02%/m)	2–24 / 6–60 months
8	EarlySalary (Fibe)	₹5,000 – ₹5 Lakh	~9–18% p.a.	3–36 months
9	LazyPay	₹3,000 – ₹5 Lakh	~12–36% p.a.	3–24 months
10	ZestMoney	Up to ₹5 Lakh	~14% p.a.	3–36 months
11	mPokket	₹500 – ₹50,000	Up to ~36% p.a.	2–12 months
12	True Balance	₹5,000 – ₹2 Lakh	~2.4%/m (~28% p.a.)	6–12 months
13	Home Credit	₹10,000 – ₹4.8 Lakh	~1.6%/m (~19.2% p.a.)	9–60 months
14	FlexSalary	Up to ₹3 Lakh	~18–36.5% p.a.	Up to 36 months
15	Navi	₹10,000 – ₹20 Lakh	From ~9.9% p.a.	Up to 72–84 months
16	NIRA Finance	₹5,000 – ₹1.5 Lakh	~2%/m (~24% p.a.)	3–24 months
17	Finnable	₹25,000 – ₹10 Lakh	~16–36% p.a.	6–60 months
18	IndiaLends	₹15,000 – ₹50 Lakh	~10.25% p.a.	12–60 months
19	StashFin	₹1,000 – ₹5 Lakh	~11.99–45% p.a.	12–36 months
20	LoanTap	₹50,000 – ₹10 Lakh	~24–29% p.a.	6–60 months

Note: The information provided in this blog is based on data available from official websites and trusted financial sources on the internet. Features, loan limits, interest rates, and terms may change over time, so it is recommended to verify the latest details from the respective app or company before applying.

1. IDFC First Bank Loan App

IDFC First Bank offers instant personal loans through its official mobile banking app. It’s known for quick disbursal and minimal documentation.

Features of the IDFC First Bank loan App:

• Flexible tenures: 6 to 60 months
• Competitive interest rates
• Direct account disbursal
• Ideal for salaried professionals

Their user-friendly interface and strong customer support make it a trusted choice for individuals seeking urgent funds with transparency and low processing fees.

• Official Website: https://www.idfcfirstbank.com/

2. Bajaj Finserv

Bajaj Finserv is a trusted name in the Indian financial market, well-known for its transparent services and user-friendly app. The Bajaj Finserv app allows users to access instant personal loans with minimal paperwork and quick disbursal. It’s ideal for salaried as well as self-employed individuals who need urgent funds.

Benefits of Bajaj Finserv:

• Instant loan approval within minutes
• Loan up to ₹25 lakh
• No collateral required
• Part-prepayment facility without charges
• EMI card feature for shopping on credit

Bajaj Finserv app is ideal for both salaried and self-employed individuals with good credit history.

• Official Website: https://www.bajajfinserv.in/

3. MoneyView

MoneyView is one of India’s most trusted personal loan apps, known for its quick disbursal, minimal documentation, and fully digital loan process. It is RBI-approved and has become a go-to choice for salaried and self-employed individuals alike.

Features of MoneyView:

• Loan range: ₹5,000 to ₹5 lakh
• Tenure: 3 to 60 months
• Interest starts at 1.33% per month
• No bank visits needed
• Credit score checker included

Even users with low credit scores can apply and get loan approvals based on MoneyView’s proprietary credit model.

• Official Website: https://moneyview.in/

4. SmartCoin (Now Olyv)

SmartCoin, now rebranded as Olyv, is a user-friendly personal loan app that specifically caters to lower and middle-income individuals, including salaried professionals, small business owners, and self-employed individuals. This best loan apps in India aims to provide quick, hassle-free micro-loans that can help users meet emergency or daily life expenses without depending on traditional banks.

Features of SmartCoin:

• Loan range: ₹1,000 to ₹2 lakh
• Tenure: 91 to 270 days
• No credit history required
• 100% digital process

It’s great for first-time borrowers and individuals looking for small emergency funds.

• Official Website: https://www.olyv.co.in/

5. Kissht

Kissht is a popular digital platform in India that offers instant personal loans and EMI financing solutions. It is especially known for providing quick credit access for online and offline purchases, making it ideal for those looking to finance gadgets, electronics, or even travel plans without upfront payments.

Why Choose Kissht:

• Loan amount: ₹10,000 to ₹2 lakh
• Pre-approved limit for shopping
• Simple KYC process
• Real-time approval status

Its EMI card system is handy for people who want to convert big-ticket purchases into manageable EMIs.

• Official Website: https://www.kissht.com/

6. Buddy Loan

Buddy Loan is a popular loan aggregator platform that acts as a bridge between borrowers and multiple lenders. Rather than providing loans directly, Buddy Loan helps you find the best lender based on your credit profile and requirements. It’s known for its smooth application process, wide lender network, and quick loan approvals.

Benefits of Buddy Loan:

• Loan up to ₹15 lakh
• AI-based loan matching
• Paperless application process
• Flexible tenures and EMIs

It’s suitable for people who want to explore multiple loan offers without visiting different apps.

• Official Website: https://www.buddyloan.com/

7. KreditBee

KreditBee is a popular digital lending platform specially designed for young professionals and salaried individuals who need quick access to small to medium-sized personal loans. The app has become a go-to solution for first-time loan seekers due to its minimal documentation, fast processing, and instant disbursal features.

Facts about KreditBee:

• Loan range: ₹1,000 to ₹4 lakh
• Loan tenure: 62 days to 15 months
• Instant transfer to the account
• Minimal documentation

Even students with part-time income can apply. KreditBee also offers EMI shopping options.

• Official Website: https://www.kreditbee.in/

8. Fibe (Formerly EarlySalary)

Fibe, previously known as EarlySalary, is one of India’s leading loan apps customised specifically for young salaried professionals. It offers instant personal loans with minimal documentation and super-fast disbursal. Whether you need money before your next paycheck, for emergencies, shopping, travel, or upskilling, Fibe provides quick credit access to fulfill short-term financial needs.

Features of Fibe:

• Instant loan approval under 10 minutes
• Loan amount: ₹5,000 to ₹5 lakh
• Zero prepayment charges
• Salary advance facility

Ideal for managing monthly cash flow or unplanned expenses between paychecks.

• Official Website: https://www.fibe.in/

9. LazyPay

LazyPay is one of India’s most trusted credit platforms, offering two key services: Buy Now, Pay Later (BNPL) and instant personal loans. It is especially popular among salaried individuals and online shoppers looking for quick, flexible financing.

Benefits of LazyPay:

• Personal loans up to ₹1 lakh
• No-cost EMI facility
• Instant credit line based on PAN and mobile
• Tenure: up to 24 months

Great for online shoppers who prefer delayed payments and flexible options.

• Official Website: https://lazypay.in/

10. ZestMoney

ZestMoney is a popular fintech platform that offers interest-free EMIs and small personal loans without the need for a credit card. It is designed for users who might not have a strong credit history but still want access to flexible financing options. One of ZestMoney’s main goals is to make credit accessible to everyone, including first-time borrowers.

Why use ZestMoney:

• Loan amount: ₹1,000 to ₹2 lakh
• No credit card required
• Available at over 10,000 merchants
• Approval within minutes

ZestMoney is widely accepted across e-commerce platforms like Amazon, Flipkart, etc.

• Official Website: https://www.zestmoney.in/

11. mPokket

mPokket is a popular personal loan app designed specifically for college students and young professionals who need quick financial assistance. Known for its easy eligibility and fast disbursal, mPokket helps bridge short-term cash gaps without the lengthy paperwork required by traditional banks.

Features of mPokket:

• Target Audience: College students, recent graduates, and salaried professionals.
• Loan Amount: ₹500 to ₹30,000 for students; up to ₹45,000 or more for professionals.
• Tenure: Flexible repayment period ranging from 61 to 120 days.
• Instant Disbursal: Loans are directly credited to the user’s bank account, Paytm Wallet, or UPI ID.
• Paperless Process: Entire application and approval process is done via the app.

It’s perfect for students who need urgent pocket money or budget for exams and bills.

• Official Website: https://www.mpokket.in/

12. True Balance

True Balance is one of the best personal loan apps in India, it’s a complete digital financial platform designed for the everyday Indian. It not only provides instant personal loans but also allows users to manage mobile recharges, utility bill payments, insurance, and other essential services from a single app. 

It’s especially popular among first-time borrowers and users in tier 2 and tier 3 cities due to its simple interface and quick loan processing.

Loan Offerings by True Balance:

• Loan amount: ₹1,000 to ₹1 lakh
• Tenure: 62 days to 6 months
• No paperwork
• Quick disbursal

True Balance is suitable for individuals looking for a multi-purpose financial tool.

• Official Website: https://www.truebalance.io/

13. Home Credit

Home Credit is a well-established global financial services company that offers easy and quick personal loans in India, especially to first-time borrowers or those with limited credit history. With a presence in over 10 countries, Home Credit India has served millions of customers, making it one of the more reliable and user-friendly loan platforms in the market.

Why Choose Home Credit?

• Ideal for salaried as well as self-employed individuals
• Zero or minimal paperwork required
• App is available in multiple Indian languages
• Excellent customer support and transparency

Home Credit is perfect for users looking for fast, secure, and flexible personal loans with a simple digital process.

• Official Website: https://www.homecredit.co.in/

14. FlexSalary

FlexSalary is an innovative loan app that works more like a personal line of credit than a traditional personal loan. It is especially designed for salaried individuals who need flexible, instant access to funds without going through a lengthy application process every time.

Features of FlexSalery:

• Borrow anytime without reapplying
• Interest is charged only on the amount you use, not the total approved limit
• Instant approval with minimal documentation
• 100% online process

FlexSalary is ideal for managing emergency expenses, medical needs, or monthly cash crunches with complete control over your borrowing.

• Official Website: https://www.flexsalary.com/

15. Navi

Navi is one of the most trusted best loan apps in India, co-founded by Sachin Bansal, the former co-founder of Flipkart. The app has gained popularity for its fast loan processing and fully digital experience. With a user-friendly interface and instant loan approval, Navi is perfect for salaried as well as self-employed individuals who need money urgently.

Features of Navi:

• Loan amount: ₹10,000 to ₹20 lakhs
• Interest rate: Starts from 9.9% per annum
• Tenure: Flexible repayment from 3 to 72 months
• Processing time: Within minutes
• Documents required: PAN and Aadhaar only
• No physical paperwork or bank visits needed

Backed by a strong team, Navi is trustworthy and very convenient for salaried and self-employed people alike.

• Official Website: https://navi.com/

16. NIRA Finance

NIRA Finance is a personal loan app specially designed for salaried individuals who may have low income or limited credit history. It is RBI-registered and partners with regulated NBFCs to offer short-term credit to underserved borrowers. The app is best suited for first-time loan seekers who may not qualify for loans from traditional banks.

Nira Finance App Features:

• Loan range: ₹5,000 to ₹1 lakh
• Tenure: 3 to 24 months
• Monthly salary required: ₹12,000+
• No credit score needed

Perfect for first-time borrowers and those who have limited access to traditional bank loans.

• Official Website: https://www.nirafinance.com/

17. Finnable

Finnable is a digital lending platform registered with the RBI that aims to make personal loans easily accessible to salaried individuals. The app is designed with a fast and user-friendly interface, allowing users to apply for loans without extensive paperwork or long waiting times.

Benefits of Finnable:

• Loan amount: ₹50,000 to ₹10 lakh
• Instant approval
• EMI holiday option
• For both salaried & self-employed

It’s one of the fastest-growing fintech apps due to its customer-first approach and transparency.

• Official Website: https://www.finnable.com/

18. IndiaLends

IndiaLends is not a direct lender but a loan marketplace that connects users with India’s leading banks and NBFCs. It helps you explore and compare the best personal loan apps in India in one place. Whether you’re looking for a big loan or a quick small loan, IndiaLends brings multiple offers under one roof, making it easier to choose the best option.

Features of IndiaLends:

• Loan Amount: Up to ₹50 lakh
• Free Credit Report: Yes, get your credit score at no cost
• Dashboard: Loan tracking made simple through their easy-to-use dashboard
• Partnered with: HDFC Bank, Axis Bank, ICICI, and more

This app is great for users who want to explore and compare multiple offers in one place.

• Official Website: https://indialends.com/

19. StashFin

StashFin is different from traditional lending apps. Instead of providing a one-time loan, it offers a personal credit line. This means once your credit line is approved, you can borrow as much as you need (within the limit) and pay interest only on what you use.

Why choose StashFin:

• Loan from ₹1,000 to ₹5 lakh
• Tenure: 3 to 36 months
• 0% interest credit line (up to certain limit)
• Instant approval and disbursal

It’s ideal for users who want flexible borrowing and usage control. It’s easily one of the best personal loan apps in India if flexibility is your priority.

• Official Website: https://www.stashfin.com/

20. LoanTap

LoanTap is a customer-friendly app that provides tailored loans such as EMI-free loans, step-up loans, and overdraft facilities. It focuses on simplifying the borrowing experience by offering loans with multiple repayment options and flexible tenures.

Features of LoanTap:

• Loan amount: ₹50,000 to ₹10 lakh
• Tenure up to 60 months
• Instant online approval
• Salaried individuals preferred

It’s also a top pick in the small loan apps in India category for salaried individuals who want customized financial solutions.

• Official Website: https://loantap.in/

Also Read: Private banks In India

Conclusion

With the top 20 loan apps in India, finding the right lending platform is easier than ever. Whether you need a quick ₹1,000 for an emergency or a ₹10 lakh loan for a major life event, there’s an app to your needs. The best loan apps in India offer instant approval, paperless processes, and flexible repayment options, perfect for today’s fast-paced lifestyle.

If you’re someone who needs frequent access to small amounts, the small loan apps in India like mPokket, StashFin, and SmartCoin are great picks. On the other hand, if you’re looking for higher loan amounts with longer tenures, apps like Navi, MoneyView, and LoanTap rank among the best personal loan apps in India.

Frequently Asked Questions