10 Best Personal Loan Apps in India 2025
In the fast-changing financial scenario of India, instant personal loan apps have become a blessing for those who need quick and convenient financial support. These apps have emerged as a great boon for people who are interested in quick investment and interested to keep in touch with latest financial updates.
These online platforms utilize sophisticated and cutting-edge technology to provide instant loan approvals with minimal paperwork, meeting the varied financial requirements of the contemporary population. As of 2025, some personal loan apps have stood out in terms of dependability, user interface, and loan options. Here’s a comprehensive review of some of the best personal loan apps in India for 2025. Hope this article will give you detailed knowledge about the best personal loan apps. So, keep reading.
Best app for personal loans in India
Below are some of the best apps that you can seamlessly utilize for your personal loans in India.
Fibe
Fibe gives personal loan choices, which are usually offered to young professionals who are looking for quick access to their finances. With Fibe you can easily gather knowledge on how to invest and can enhance your financial status. Speed and convenience are the top priorities for Fibe. It provides a solution for clients to get approved for a loan instantly and choose a flexible repayment plan. The user-friendly app and fewer documentation facilities are the reasons why millennials and Gen Z users like it the most. Some of the quick features of the app –
- Loan amounts range from: ₹5,000 – ₹5,00,000
- Minimum age for application: 22 years
- Usual processing time: 10-24 hours
- Rate of interest: 2% – 3.5% per month
- Credit scoring: Alternative credit scoring using social and digital footprints
- KYC updation method: Aadhaar, PAN, and selfie-based verification
- Loan repayment tenure: 3-24 months
Olvy
Olvy is another product in the SmartCoin family. It’s a digital lending app that aims to aid young professionals as well as up-and-coming city dwellers. What makes Olvy stand out is how it offers loans that fit each person’s needs, with ways to pay back that can bend to suit you. Olvy uses some pretty smart tech – data crunching and AI – to look at each person’s money situation and come up with loan options that work for them. The app is easy to use, gets money to you fast, and is upfront about how it all works. From this app, you can avail of loans ranging from Rupees ten thousand to two lakhs. The interest rate usually varies from 2% – 3.25% per month. Talking about loan repayment tenure it is usually from 3 to 18 months with 2 to 12 hours processing time. If you are 21 years or more you will be eligible for a loan application. Their flawless service will help you with your loan process.
Best Personal Loan Providers for Salaried Employees
Loan Tap
Loan Tap stands as a digital platform that serves up creative and adaptable personal loan options for people with fixed-salaried jobs. This app shines by dishing out custom loan deals that step outside the box of regular old loan-giving ways. It’s all about keeping things clear and making life easier for users, and LoanTap brings cool perks like options to pay part of your loan, EMI plans that bend with your budget, and money-borrowing choices cut to fit your cash needs. They use smarty-pants tech to speed things up and offer money help that’s all about you. With the assistance of Loan Tap, you can seamlessly avail of holiday loans, medical loans, two-wheeler loans, wedding loans, house owner loans, personal loans, etc. It is also one of the genuine loan apps in India. Loan Tap offers loan amounts up to Rs.10 lakh with a repayment tenure of up to sixty months. The best part of this loan part is you can avail customized offerings that will rightly fit your requirement.
True Balance
True Balance is a groundbreaking fintech platform that blends UPI services with personal lending options. It is one of the best online loan applications in India. The app gives out quick personal loans using a fresh approach to credit checks looking at how people use their phones and handle money online. True Balance wants to help those who don’t use banks much but are good with tech by offering fast easy loans without tons of paperwork. By working with UPI platforms, it also makes things simpler for its users. For the True Balance app, the interest rate usually varies from 2% – 3.25% per month. Talking about loan repayment tenure it is usually from 3 to 18 months with 2 to 12 hours processing time. If you are 21 years or more you will be eligible for a loan application. Their flawless service will help you with your loan process.
Money View
Like any other loan application in this country, Money View is one of the top 5 loan apps in India. It caters unparalleled merits and features to its customers. Once your loan application gets a positive signal, you’ll see the money in your account within a day. You can find out if you qualify in just a couple of minutes, no matter where you are in the country. Applying doesn’t require much paperwork, so it’s quick and easy. You can borrow anywhere from ₹5,000 to ₹10 lakh, with interest rates beginning at 10% yearly. You can pay back the loan over a period of up to 60 months giving you the chance to pick a plan that fits your budget. Moneyview’s lending partners don’t ask for any security, and you can set up automatic EMI payments to make repayment a breeze. What’s more, their way of scoring credit means that even people with low credit scores have a shot at getting a loan making it easier for more folks to get financial help when they need it.
Bajaj finance
The Bajaj Finance loan application caters to it’s customers with a seamless and fully digital process for obtaining personal loans. If you wish to make the journey of availing a loan smoothly, opt for this app. Bajaj Finance has been operating in the market for several years. Borrowers can apply online, get instant approval, and receive funds quickly. Loan amounts go up to ₹40 lakh with flexible tenures. Competitive interest rates and minimal documentation make it a convenient financing solution.
KreditBee
Choosing KreditBee as your loan app can be beneficial. It offers a range of personal loans, including flexi loans and options for both salaried and self-employed folks. Flexi personal loans are perfect for those smaller expenses or unexpected emergencies, making them a go-to for quick financial help. The amount you can borrow varies based on the loan type, with options from ₹1,000 to ₹5 lakh. KreditBee even claims to get your loan to you in just 10 minutes! The interest rates fall between 17.00% and 29.95% per annum, depending on your credit history and other factors that might come into play.
StashFin
StashFin, created by a group of experienced financial services experts, is one of the top digital instant loan apps in India. What sets it apart from the competition is its flexible loan options, which range from ₹1,000 to ₹5 lakh. After signing up, borrowers can get a rate quote in just five minutes. The repayment terms are quite flexible too, spanning from 3 to 36 months, making digital payments a breeze. Interest rates start at 11.99%, depending on how eligible the applicant is.
IIFL Loan app
The IIFL Loan app offers a seamless digital platform for quick and hassle-free loans. Borrowers can apply for personal, business, or gold loans with minimal documentation and instant approval. Loan amounts go up to ₹50 lakh with flexible repayment options. Competitive interest rates make it a reliable financial solution.
Home Credit
The Home Credit Loan app makes it super simple to get personal loans, all through a fully digital process. You can borrow up to ₹5 lakh with just a few documents and enjoy flexible repayment options. With instant approval, great interest rates, and an easy-to-use interface, it’s a hassle-free way to secure financing.
So, choose any of the above-mentioned applications and you can go through a hassle-free loan application process. Download any of the apps and carry on with your loan procedure. Hope this article will help you in your loan journey and keep reading Minty Cents for more such articles.
Disclaimer – This blog is for informational purposes only. Before conducting any investment, it is advisable to carry out comprehensive research.
People Also Ask About Best Personal Loan Apps in India
What are the best personal loan apps in India for 2025?
-Some of the useable and informative loan apps in India that you could easily utilize are – Fibe, Olvy,True Balance, Bajaj Finance, IIFL, Home Credit, Stash Fin, Kredit Bee, Money View etc.
Which personal loan app offers the lowest interest rates?
Navi offers personal loans with interest rates starting at 9.9% per annum. Money View’s rates begin at 10% per annum. KreditBee provides loans with rates ranging from 17% to 29.95% per annum. PaySense charges monthly interest rates between 1.4% and 2.3%. Rates depend on credit scores and loan amounts.
Are instant loan apps safe to use in India?
Before installing and using any loan app in India make sure it is RBI approved. Do check reviews, terms, and data security policies before using. Avoid unauthorized apps that may misuse data or charge hidden fees.
How do I choose the right personal loan app?
Try to select a personal loan app by comparing interest rates, loan terms, processing fees, as well as eligibility criteria. Also check is it’s RBI-approved with transparent terms without hidden charges.
What are the eligibility criteria for personal loan apps?
Make sure the app you are choosing for your loan purpose is RBI approved.
How to get 20,000 rupees urgently?
To get ₹20000 urgently use instant loan apps like Navi Money View or KreditBee. check eligibility state necessary documents and also take a look at concern rates ahead applying.
Which is the safe loan app?
Secure loan apps in India includes Bajaj Finance, Home Credit, IIFL, KreditBee. Ensure they are RBI-approved and have transparent policies.
Which loan app provides instant approval with no paperwork?
Loan apps like Cash Flow, Flexi Fund, Rapid Money, Easy Fin,etc offer instant approval with minimal or no paperwork, depending on eligibility and verification.
What is the maximum loan amount I can get from a personal loan app?
Usually, personal loan apps offer up to ₹50 lakh, depending on eligibility as well as credit score.
What is the repayment tenure for personal loans from apps?
If you select personal loan apps, they offer repayment tenures from 3 months to 5 years depending on the lender loan amount and borrower’s eligibility.
Can I get a personal loan if I have a low CIBIL score?
There are some apps operating in the market like KreditBee and FairMoney offer personal loans for low CIBIL scores, but with higher interest rates and lower amounts.
Which personal loan apps are best for students?
Personal loan apps that can be handy for students include KreditBee, mPokket, and StashFin, offering small loans with flexible repayment options and minimal documentation.
