10 Best Instant Loan Apps in India – Apply Now

Best Instant Loan Apps in India

10 Best Instant Loan Apps in India: We can’t deny the fact that money is the most important thing in life. When it comes to getting a quick loan through smartphone there are plenties of options available. In this post, you will get some best instant loan apps which are currently available in India. Because banks take a huge time to process a personal loan application, you don’t have to visit a branch as you are getting a quick and instant loan through these instant loan apps.

Without wasting a second let’s dive into it. In this list, there are some apps which can be used by students as well such as mPokket, KrazyBee, SlicePay etc.

Here’s the Complete List of Best Instant Loan Apps in India

1. PaySense
2. mPokket
3. KreditBee
4. KrazyBee
5. SlicePay
6. LazyPay
7. Kissht
8. MoneyTap
9. SmartCoin
10. CASHe

Best Instant Loan Apps in India

1. PaySense

Paysense - Instant Loan Apps in India

PaySense is one of best instant loan apps that is made for Indians. You can get a personal loan up to 2 Lacs. More than 1M users are using PaySense which is partnered with IIFL. Rated 4.1 out of 5 stars in Google Play Store. Just download it from Play Store, submit your KYC documents, sign your application, and get instant approval.

Special Features:

• Affordable and best interest rates.
• Convenient and easy EMI repayment options.
• Loan disbursal within a few days.
• Only 2-minute loan application process.

Eligibility Criteria:

• Any Indian resident who is above the age of 18 years.

Documents Required:

• Selfie
• Address proof
• Identity proof
• Bank statement

Related Post: PaySense Customer Care Number, Toll-Free Number, and Address

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2. mPokket

mPokket - Instant Loan Apps in India

If you are a college student and running out of money then mPokket is just for you. Actually, mPokket offers two types of loan – (i) Instant loan for students and (ii) Instant loan for salaried person. mPokket creates your credit risk profile based on your financial SMS data and calling patterns. Don’t worry! They won’t read your personal messages.

Special Features:

• Download the mPokket app if you are a college student.
• Upload KYC (Know Your Customer) your information, selfie video, and Aadhaar card and Student ID card.
• Wait for a few hours for your information to be verified by them and you will get SMS alert when your documents are verified.
• Select the loan amount and for how long you want to borrow and where – to your bank account or in your Paytm account.
• Get money in your Bank or Paytm account in an instant.
• Repay your loan amount at anytime before due date at your convenience using Debit Card, Paytm wallet or UPI (Unified Payments Interface).
• You have to provide some extra information if you want to apply for higher credit limit.
• Provide your job related data if you are working or have a job offer and want an even higher borrow limit.

Eligibility Criteria:

• For instant student loan: You must be a college student over 18 years of age.
• For instant salary loan, for salaried person: You must be a recent graduate from college and have received a job offer or started working.

Documents Required:

For Student Loan

• ID Proof (College ID card)
• Address Proof (Aadhaar)

For Salary Loan

• ID Proof
• Address Proof
• Offer letter or salary slip
• Bank statement

Related Post: mPokket Customer Care Number and Office Address

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3. KreditBee

KreditBee - Instant Loan Apps in India

It is a personal loan mobile application for young professionals where you can avail up to Rs.1 Lac as direct cash transfer to your bank account. The repayment tenure goes up to 6 months. You can register yourself through your FB profile.

Special Features:

• 100% process is online, no need to visit bank branch.
• Minimal documentation.
• Quick and easy approval.
• Immediate transfer to your bank account.

Eligibility Criteria:

• Any Indian individual who is above the age of 18 years, and income proof.

Documents Required:

• Address Proof (either of Aadhaar/Voter ID/Passport).
• Identity Proof (PAN ID).
• Company Name, a picture of your Office ID card, workplace E-mail ID (not all these things are mandatory, it may be required).

Related Post: KreditBee Customer Care Number and Office Address

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4. KrazyBee

KrazyBee - Instant Loan Apps in India

KrazyBee offers various types of loans such as – cash credit loan, e-commerce loan, semester loan, and two wheeler loan. Buy now, pay later option is also there. If you are a student then don’t need to have a credit card to make a purchase online.

Special Features:

• Hassle-free financing with doorstep-delivery of your ordered products.
• Buy now, pay later option in easy Student EMIs.
• Minimal documentation, downpayment, and lastly, minimal processing time.
• Partnerships with leading popular brands such as Amazon, Flipkart, Xiaomi, Lenovo, Huawei, etc.

Eligibility Criteria:

• You must be a college student with 18+ years of age.
• You must be selected in a full-time degree course. No diploma course will be allowed.
• Your college must be listed in their approved set of colleges and must be in a city where they (KrazyBee) currently have operations.
• You must have a minimum of 90 days left until your graduation date.

Documents Required:

• College ID Proof (College ID card).
• Address & ID Proof.
•  You have to signature on the loan facility agreement.

Related Post: KrazyBee Customer Care Number, Toll-Free Number, Email ID and Office Address

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5. SlicePay

Slicepay - Instant Loan Apps in India

Sliceay is currently available at Bangalore, Chennai, Delhi, Hyderabad, Mumbai, Pune. They are expanding their services in more cities in India. You can shop anywhere and pay later with SlicePay. Recently, they updated their logo, design and app for more smoother experience. You can repay your loan through UPI, Debit Card and Net Banking.

Special Features:

• Shop anywhere, pay later with SlicePay.
• No Cost EMIs also available.
• Instant loans.
• Quick sign up and loan approval!
• Track your expenses – spend your money wisely.
• Interest free repayment options are available.
• No hidden charges are there.

Eligibility Criteria:

Any Indian individual who is above the age of 18 years, and income proof.

Documents Required:

• ID Proof and Address Proof may be required when applying for instant loan.

Related Post: Slicepay Customer Care Number: Phone Number, Toll-Free Number and Office Address

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6. LazyPay

LazyPay - Instant Loan Apps in India

Get instant loan easily in your bank account or Citrus Wallet. LazyPay is powered powered by PayU which is also an outstanding payment gateway in India. The main feature of LazyPay is, you can convert your instant loan to no cost EMIs. It’s approval process is 100% online and paper paperless.

Special Features:

• No bank visits, LazyPay’s approval process is 100% paperless and online.
• Get 24X7 access to credit, anytime anywhere if you have an internet connection.
• You have to pay interest only for the amount borrowed.
• One Tap payment at 100+ apps and websites such as Swiggy, BookMyShow, Airtel, HungerBox, Hathway, Ixigo etc.
• You can convert your high-value purchases into flexible EMI plans from 3 to 24 months with a single OTP checkout.
• Receive bills of all transactions and repay LazyPay on the 3rd & 18th of every month.

Eligibility Criteria:

• Any Indian individual who is above the age of 18 years.

Documents Required:

• ID Proof and Address Proof
• Income Proof may be required.

Related Post: LazyPay Customer Care Number, Phone Number, and Office Address

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7. Indiabulls Dhani

Dhani - Instant Loan Apps in India

Dhani is one of the most popular instant loan apps in India. More than 10M peoples are using their services. Through Dhani, you can avail Personal Loan, Two Wheeler Loan, Car Loan, Travel Loan, and Medical Loan. You can also avail a loan for your higher education. Track and manage your loan through your smartphone.

Special Features:

• Instant personal loans from Rs.1,000 to Rs.15 Lakhs.
• Interest rates ranging from 1% to 3.17% per month based on the customer’s credit and their risk profile.
• Loan tenure – 3 months to 36 months.
• Processing fees ranging from 1.5% to 6%.

Eligibility Criteria:

• Indian individual who is above the age of 18 years, and has a monthly source of income.

Documents Required:

• ID Proof and Address Proof.
• Income Proof.

Related Post: Indiabulls Dhani Loan Customer Care Number and Office Address

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8. MoneyTap

Money Tap - Instant Loan Apps in India

MoneyTap is awarded the ‘Best Innovative Lending Product/Service’ by IAMAI. Plus, included in INC42’s 50 most innovative startups of 2018 list. Shop on 0% EMI for 3 months at Amazon. The complete process will be done online and no bank visit required. RBL Bank approved customers can withdraw 100% cash from their credit card online and there will be 50-days interest free period.

Special Features:

• Apply on the app to get your loan approved in just 4 minutes, create your profile, upload docs, check your eligibility and that’s it your are done.
• Instantly find out your pre-approved loan amount.
• Only PAN card number required to get loan.
• Complete your KYC (Know Your Customer) verification after finishing your online application.

Eligibility Criteria:

• Minimum salary required: in-hand salary of ₹20,000/month.
• Minimum age required: 23 years or above and below 55 yrs.

Documents Required:

• Identity proof (Driving license/Voter id/Passport/Aadhar/PAN)
• Address proof (Driving license/Voter id/Passport/Aadhar/Utility bills/bank statements)
• Original passport photo/selfie
• You can get an instant personal loan online on Aadhaar card. E-sign your application with registered mobile OTP (One-Time Password) for fast-track application.

Related Post: MoneyTap Customer Care Number and Address

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9. SmartCoin

SmartCoin - Instant Loan Apps in India

SmartCoin can give you instant personal loan from Rs.1000 up to Rs.25000. You will get credit by submitting just a few documents. Kindly note that, the money will be transferred to your bank account within 2 business days.

Special Features:

• Get instant personal loan from Rs.1K to Rs.25K.
• Tenure: 3 months to 4 months.
• Minimum APR 30% Max Apr 36%.

Eligibility Criteria:

• Indian individual who is above the age of 18 years, and has a monthly source of income.

Documents Required:

• Identity proof (Driving license/Voter id/Passport/Aadhar/PAN)
• Address proof (Driving license/Voter id/Passport/Aadhar/Utility bills/bank statements)

Related Post: SmartCoin Customer Care Number, Toll-Free Number, and Office Address

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10. CASHe

Cashe - Instant Loan Apps in India

CASHe provides instant personal loan to a salaried person with a minimum salary of Rs.15000 per month. CASHe is also the winner of Entrepreneur India’s ‘Best Tech Start-up for the year 2018’. You can apply for a loan as small as Rs.5000. Loan disbursement within just 10 minutes after submitting all your necessary documents.

Special Features:

• Avail instant loans from CASHe with your smartphone easily.
• Just few documents to upload on the application.
• Get instant cash loans from as low as Rs 5,000.
• Loans are from Rs.5,000 – 50,000 for 15 and 30 days, Rs. 19,000 – 1,00,000 for 90 days & 25,000 – 2,00,000 for 6 months.
• Quick approval process with less documents.
• Get hassle-free loans without any bank visits or even phone calls.
• Attractive rate of interests.
• Flexible repayment methods with various payment modes.
• Loan disbursement in just 10 minutes.
• Repayment options ranging from 15, 30, 90 and 180 days
• Choose from a variety of loan options from Rs 10,000 to Rs 2,00,000

Eligibility Criteria:

• Minimum salary in hand: Rs.15,000/-

Documents Required:

• A Self Signed PAN Card, Aadhar Card
• Latest Salary Slip
• Updated Salary Bank Account Statement
• Any Address Proof (Current and Permanent)
• A selfie and a company ID.

Related Post: Cashe Customer Care Number and Office Address

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Conclusion: 10 Best Instant Loan Apps in India

So, I tried to give as many details as you need to get an instant loan through mobile apps. These 10 loan apps are the most trusted and best instant loan apps in India. If you have any doubts, questions or complaints then feel free to comment below, we will surely help you.

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