Top 5 Best Instant Loan Apps in India- Get Personal Loan Quickly

Instant loan apps are like mini banks in your pocket that provide instant access to credit in case of financial emergencies. You can get instant loan approval through instant loan apps by completely following the online application process.

I have analyzed and compiled a list of the 5 best personal loan apps in India, that you can use for personal and emergency expenses like medical, wedding, home renovation, travel, purchase of mobile or bike.

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Top 5 Best Instant Loan App in India 2021

1- India Lends Instant Loan App:

In association with over 50 banks and NBFCs, India Lends offers instant personal loans up to Rs. 50 lakhs for tenure ranging from 1 year to 5 years.

India Lends charges interest rates ranging from 10.75% to 25%, depending on your credit and risk profile. Top 5 Loan App in India | Quick Personal Loan app in India

This loan is for both salaried and self-employed people with a minimum salary of Rs. 15,000 per month. But, IndiaLends seeks at least 6 months of work experience for salaried individuals and 3 years for self-employed individuals.

On the app, you have useful tools like “Spend analyzer”, “EMI calculator” and credit card suggestions. Top 5 Loan App in India | Quick Personal Loan app in India

App Store Details for India Lend Instant Loan App

ParticularsGoogle Play Store Apple Play Store
App Rating4.14.5
No. of App Reviews69,5819.3K
App Size19 M184.4 MB
CompatibilityAndroid 4.4 and aboveiOS 10.3 or above, compatible with iPhone, iPad and iPod touch

Advantages & Disadvantages of India Lends Instant Loan App

  • Loan amount up to Rs 50 lakh.
  • Personal Loan for both Salaried and Self Employed
  • 15,000 Rupee is the minimum salary required to apply for the loan

Disadvantages for Top 5 Loan app in India-

  • 3 Years Work Experience for Self Employed
  • Processing fee up to 6%

2- KreditBee Instant Loan App :

You can get an instant loan from CreditBee in the range of Rs. 1000 to Rs. 2 lakh for a period of 62 days to 15 months.

CreditBee accepts loans in the form of “Flexi Personal Loan”, “Personal Loan for Salaried” and “Online Purchase Loan”.

You will be required to pay interest rates in the range of 0% to 29.95% depending on the type of loan and risk profile. CreditBee gives you access to a higher amount and longer tenure for subsequent loans if you repay your existing loan on time.

App Store Details for KreditBee Instant Loan App

ParticularsGoogle Play Store Apple Play Store
App Rating4.5NA
No. of App Reviews617,596NA
App Size14 MNA
CompatibilityAndroid 4.4 and aboveNA

3- Kreditzy Personal Loan App:

Creditzy Technologies is a Bengaluru-based company with a personal loan app that offers loan amounts in the range of Rs. 1000 to Rs. 1 lakh for a tenure of 91 days to 365 days.

The personal loan can be accessed across India and the amount is disbursed directly into your bank account.

Creditzy charges an interest rate of up to 29.95% per annum and personal loan processing takes around 10 minutes. However, you must be an Indian resident of 21 years and above and the monthly income should be more than Rs. 17,000 to apply for Creditzy personal loan.

App Store Details for Kreditzy Instant Loan App

ParticularsGoogle Play Store Apple Play Store
App Rating4.5NA
No. of App Reviews97,359NA
App Size13 MNA
CompatibilityAndroid 4.4 and aboveNA

4- NIRA Personal Loan App:

You can get a personal loan from NIRA to pay medical expenses, rental deposits, weddings, pay bills and other expenses in a matter of minutes.

You can apply for a loan of as little as Rs. 2,500 and up to Rs. 100,000 and pay off within 12 months. You need to upload your Aadhaar and PAN details along with your selfie while applying for a personal loan.

To be eligible for the loan you need to earn a minimum of Rs 12,000 monthly. NIRA charges an Annual Percentage Rate (APR) of 24% to 36% per annum and the processing fee is Rs. 350 to 2% of the loan amount.

App Store Details for NIRA Instant Loan App

ParticularsGoogle Play Store Apple Play Store
App Rating4.3NA
No. of App Reviews55,204NA
App Size16 MNA
CompatibilityAndroid 4.4 and aboveNA

5- RapidRupee Instant Loan App:

You can get RapidRupee instant loan in 30 minutes. The only basic documents required are Aadhar and PAN card.

RapidRupee offers loans to meet the small but urgent needs of both salaried and self-employed individuals with a minimum income of Rs. 10,000 per month.

The loan amount ranges from Rs. 1,000 to Rs. 60,000 and carries an interest rate of 12% per annum. The repayment period ranges from 3 months to 12 months.

App Store Details for RapidRupee Instant Loan App

ParticularsGoogle Play Store Apple Play Store
App Rating4.3NA
No. of App Reviews257,100NA
App Size13 MNA
CompatibilityAndroid 4.3 and aboveNA

Abhay Pratap Singhhttps://www.itechcube.com
Abhay Pratap Singh is Digital Entrepreneur, Who is Making Money From the Internet since 2012. He Also Works as a Freelancer and Does Web and Mobile app Development. Apart from That, He Invests in Stock Market and Crypto Currencies. Here in iTechCube, Writes about Blogging, WordPress Guides, and Tutorials to help begginers.

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