10 Best Instant Loan Apps That Provide Quick Loans With Paperless Process

Hey Friends, If you are looking for a personal loan quickly to fulfill your emergency need, then you must go with Instant loan apps. If you don’t know about these apps, you are at the correct place because here we will review some Best Instant Loan Apps in India that provide instant funds through a paperless process.

Compared to other lending or credit options, borrowing money from a friend might not be such a good idea. You’ll have to keep in mind that you’re asking someone who knows and trusts you for a favor.

Best Instant Loan Apps may be the solution to your fast emergency cash. These applications are easily downloaded in Playstore, and you have to go through a quick process and record verification to receive a personal loan instantly.

Best online loan apps are like miniature banks in your pocket that provide instant access to credit in the situation of a financial emergency.

You can get instant loan approval in just a few minutes with Instant Loan Apps. The process is so fast that you don’t have to wait for the bank to approve your application, and you can use the money right away.

After reviewing a few instant personal loan apps, we’ve selected the best instant loan applications in India that are available in the play store and Apple app store and you can take a personal loan for those applications. Those applications are also the Best loan app for students.

What are Instant Loan Apps?

If you need money urgently, no matter for what purpose, it can be for personal use and for anything, you can instantly fulfill your need with your smartphone with the help of instant loan apps. There are several Instant loan applications available on Google Play Store and Apple app store that provides quick Loans.

We all know that the procedure of taking loans from banks is too long; that is why these applications provide you money with a little bit of interest on EMI; you just have to fill in some details and some of your government documents like Aadhar Card and PAN card.

We have picked up some of the best and genuine Best Loan Apps in India with which you can take instant loans to your bank account. Also, some of the below-given apps include Best Student Loan Apps too. So, no matter if you are a student or employee or a self-employed person, you will get a loan instantly.

Document Required for Instant Loans:

  • Pan Card
  • Aadhar Card: Your phone number must be linked with the Aadhar card for taking a loan from instant loan apps.
  • Bank Statment: Six months Bank statement must be required for taking a loan from these apps.
  • Singnature: Signature is required for taking a loan; that’s why you have to signature on the blank page.
  • Photo

Benefits Of Taking A Loan With The Instant Loan Apps:

  • Easy and Fast Approval Loan.
  • Suitable for Students and Self Employed.
  • Paperless Process
  • You can get emergency funds within minutes in your bank account.
  • They provide Different Types of Loans Available.

Keep In Mind When You Take Loan From Instant Loan Apps:

  • They charge a higher interest rate from the borrower.
  • KYC is required for the loan approval.
  • They provide loans only for good Cibl holders.
  • Processing Fee May Be Applicable.
  • Lowest loan Tenure

Let me know about all those applications just read this article at the end.

List of the Top 10 Instant Loan Apps in India

#1. MoneyTap – Personal Loan & Credit Line App

Best Instant loan App in India

MoneyTap is one of the most popular instant credit apps in India. It’s easy to apply for a loan, and you can use it to pay for your everyday needs. Using MoneyTap is the quickest way to secure a personal loan through the app. The process is paperless and you simply transfer the required amount to your bank.

It offers small and medium-term loans to a large number of customers across the country for quick loans at affordable rates and flexible EMIs. As a provider of emergency loans, it is popular for providing personal lines of credit that can be used for financial emergencies.

It allows borrowers to apply for a loan without providing collateral. MoneyTap is India’s first app-based credit line. It is a money lending company with flexible interest rates and services to clients in Delhi, NCR, Mumbai, Bangalore, Hyderabad, Chennai and over 30 cities across India.

The best thing about MoneyTap is the use of the interest rate feature, which makes borrowing affordable. The interest rate on the MoneyTap loan starts at 10.8% (pm).

The interest rate on the personal loan can vary depending on your credit rating, repayment history, income, and current debt.

So, this MoneyTap application can be the best option for you if you need urgent money in your bank account. You will get this application on Google Play Store and App Store for absolutely free.

Pros and Cons of MoneyTap Instant Loan


Different Types of Loans Available
Instant Loan
Loan up to 5 Lakhs
The loan tenure ranges from 3 Months to 3 Years


Processing Fee May Be Applicable

#2. Dhani – Instant Credit App

Dhani Instant Loan App for Students

You can get a loan of up to Rs 1.5 lakh with interest rates starting at 12%. You can also apply for different types of loans like personal loans, home loans, etc. You can download the Dhani app for free and enter your Aadhaar card number, credit amount, some documents, and then the app will give a credit amount into your account.

In the Indianbull Dhani app, the app pays the loan amounts directly into your bank account. Dhani app is a one-stop solution for all your financial needs and allows you to manage your finances with ease. It is the Best Instant Loan Apps in India.

With instant personal loans, credit lines, digital wallets, dhani points, affiliate programs, interesting features such as spinning wheel, stock market games, the app accompanies you on your financial needs.

Dhani credit lines and services are free and available 24 hours a day. There is a small handling fee when you receive a plastic card Rupay card to use the service. Dhani credit lines are converted into transactions with simple EMI and repaid at an interest rate of 0%.

It will give you a reason to keep using Indiabulls Dhani as it is the Best loan app for students too. It does not give you credits, credit lines, wallets, etc. But all of its customers receive exclusive benefits and a unique rewards program for Dhani points.

Pros and Cons of Dhani


Different Types of Loans Available
Loan up to 15 Lakhs
Provides instant credit
Upload documents on the app and you are done
Loan tenure ranges from 3 Months to 5 Years


Processing Fee May Be Applicable

#3. KreditBee

Best Loan App for Students

Kreditbee is a personal instant credit app for young professionals. It is the Best loan app for students. You can get a loan of up to Rs 2 lakh. Payment will be made within 15 minutes and the amount will be credited to your bank account. The loan can be processed up to 100% online.

KreditBee offers three types of loans: flexi personal loans, online purchase loans and personal loans for employees and also for students as it is also a Best Student loan app.

You can take a loan of tenure ranging from 62 days to 15 months. There is no cap on the number of loans you can take out using the credit card app.

The three types offered by KreditBee include Flexi Personal Loan, Personal Loan for Salaried People, Housewives, and for students.

Pros and Cons of KreditBee


Various Types of Loans Available
Loan up to 2 lakhs
Best Loan App For Students
Paperless documents
Less Interest Rate
Directly Shop on Amazon, Flipkart with this app and get discounts and vouchers


Loan tenure only ranges from 62 Days to 15 Months
Processing Fee Applicable

#4. NIRA Personal Loan App

Best Online loan App

NIRA is a FinTech company that delivers a line of credit to midsize professionals in India. NIRA is one of the Best Instant Loan Apps in India as it offers loans for all kinds of people.

The personal loan provided to you is in the kind of a credit line, which has a charge limit range starting from 3,000 to 1 Lakh. The loan tenure ranges from 3 weeks to 1 year. Whenever you withdraw money from it, you can take 5000 Rs. at once..

You can get personal loans from NIRA without filling out the same information twice, even if you have an awful credit score or no credit history. Just fill out a simple form and get your money in as little as 24 hours.

You need to upload your Aadhar along with PAN details alongside your own selfie whilst applying for the personal loan. You must be earning a minimal Rs.12,000 monthly to be qualified for the loan or you can also apply for Student Loan.

The interest rate of this application is normal and it totally depends upon how much loan you take and what is loan tenure, then this application calculates the interest rate.

Pros and Cons of NIRA Personal Loan


Best app for Students and Employees
Only Aadhaar and PAN card required
Paperless documents
Less Interest Rate


Loan tenure only ranges from 3 Months to 1 Year
Loan up to 1 lakhs only

#5. Paysense Personal Loan App

PaySense Student Loan App

Paysense is also one of the top and Best Instant Loan App that provides instant loan for your every need. Paysense offers private loans to salaried people in addition to self-employed personnel.

Get a private loan ranging from 5000 to 5 lakh rupees with no security and flexible rates of interest. The application procedure for a private loan on the program is simple and fast.

The program permits you to pick an auto-debit alternative for the EMI that makes it a lot easier to secure a personal loan.

It’s possible to use a smartphone or laptop to look at your loan eligibility, submit your KYC information and apply for financing, getting acceptance over 5 hours.

If you need a private loan, don’t hesitate to download Paysense and take advantage of personal loans. This app offers the best rates in the industry and we’re confident you’ll be satisfied with this app experience.

PaySense also supplies an EMI calculator whereby you may assess how much you’ll be paying monthly or annually to the application for a loan.

Pros and Cons of PaySense


2 Minute loan process
Less interest rate
Paperless procedure
You will get the loan directly to your bank account
Only Aadhaar and PAN card required


You can take only 5000 in your bank at once.

#6. LazyPay

LazyPay Best loan App in India

Lazypay is the Best loan app in India that provides you with quick access to credit. You can get started with as little as 1000 rupees and take a loan up to 1 Lakh rupees on the app, all in minutes.

You can even use idle pay for shopping on sites like Amazon, Flipkart, Zomato Swiggy, etc and pay later flexible EMI options. This app will give you several options of loan tenure and you can select anyone in which you are comfortable.

LazyPay is powered by PayU. You simply need to input your mobile number to learn your personal loan eligibility. With rapid approvals and safe online loan application processing, LazyPay gives around 1 million+ loan every month.

Its key offerings comprise pocket-friendly EMIs, an instant personal loan of up to 1 Lakh through a simple digital process with minimal documentation. So, if you are searching for Best online loan apps then this is the best option for you.

Pros and Cons of LazyPay


Instant money in your bank
Paperless procedure and less documentation
Check credit score and eligibility in application
You can also do shopping with this app


Processing Fee Applicable
The loan only up to 1 Lakh Only

#7. EarlySalary – Instant Loan App

Best loan App for Employees

EarlySalary is an innovative FinTech startup that has been making waves in the Indian loans app. They offer a fast and convenient lending service at competitive rates that make it possible for borrowers to get loans without waiting for weeks or months.

Its personal loan program enables an easy and quick way to receive instant loans. The loan amount limit is up to 2 Lakh at an interest rate starting from 2% each month.

Anyone having a monthly salary of 18000 rupees and above can avail of a loan up to rupees 2 lakhs from EarlySalary. That is why it is the Best Instant Loan Apps.

EarlySalary uses a proprietary approach to ascertain the creditworthiness of an applicant. It’s called Social Worth (SW) score.

It helps in the quick disbursal of a loan while you urgently need money. Get the sum credited into your bank account in 10 minutes after the approval of the documentation you will submit.

Pros and Cons of Early Salary


Instant money in your bank
The loan up to 2 Lakh
Simple steps and less documentation
Best for no credit score persons
You can also plan a vacation with EMI


Processing Fee May Be Applicable

#8. Kissht Loan App

Kissht Best Loan App for Students

Kissht application is a digitally enabled platform operated by ONEMi Technology Solutions Private Limited which was created in the year 2015 this is the Best Instant Loan App in India.

Kissht Instant loan app is India’s leading online personal loan provider. You can apply for personal loans and revolving lines of credit from Rs. 10,000 to Rs. 1,00,000 and get the funds in as little as 24 hours!

Get affordable interest rates on various credit loans with APR ranging from 14% – 28% per annum and loan tenure from 3 to 24 months. NBFCs registered with RBI and convey credit loans to customers after online loan approvals.

Kissht is India’s most advanced loan app. It is currently the fastest way to get an EMI without a credit card and also offers a revolving line of credit loans with low-interest rates.

Pros and Cons of Kissht Loan App


Minimum Documents required
Online documentation
You will get money in your bank within 24 hours
Different tenure option


Loan amount ranges from 10,000 to 1,00,000
The loan tenure ranges from 3 to 24 months only.

#9. RapidRupee

RapidRupee Instant Loan App for Students

If you want to avail of a RapidRupee loan, then you can fill out the application form and submit it online. And if you’re approved, then you can get your money in as little as half an hour! The only primary records required are Aadhar and PAN cards.

RapidRupee offers loans to pay small but urgent demands of both salaried and self-employed persons with a minimum income of Rs. 10,000 a month. That is why it is the best online loan app.

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

Get cash fast with RapidRupee, it is one of the best instant loan apps in India. Apply in minutes, approval in seconds, cash in your account within a couple of hours!

Get instant personal loans on this RapidRupee app- No paperwork, no credit checks, and no more complex processes. It’s all very app-oriented and extremely user-friendly.

Pros and Cons of RapidRupee


Best loan app for student
Online documentation
Less EMI and different tenure options
Only Aadhar and PAN required


Processing fees up to 349 Rs

#10. mPokket Instant Loan App

mPokket Instant loan App

MPokket is an instant loan application in India for college students. It works on the idea of pocket cash for students. After your personal loan application is approved the private loan total is sent into your bank account or your own Paytm wallet.

The first amount approved is 500 and your borrowing limit will rise over time with great use. You may repay your loan within 1 to 3 months.

You can get a quick loan by downloading the mPokket app. Just enter your name, phone number, email, and street address to start the application process. You’ll be approved in less than 24 hours!

The person who is having Indian Citizenship and 18 years old or above can apply for a loan in the mPokket application and it is specially made for students. To apply, college students will need to incorporate their college ID proof and speech proof.

However, the loan tenure is 61 days to 90 days which is quite little and the interest rate is quite high at 12% to 72% percent per annum.

You should utilize mPokket just if you have a very urgent need for cash and are able to repay in the stated duration. MPokket credits the loan amount into your bank account or Paytm wallet.

Pros and Cons of mPocket


Get Money into the bank and Paytm Wallet
Different tenure option
College ID proof required
Best loan app for students


The loan tenure ranges between 61 Days to 91 Days
12% to 72% interest rate

Bonus Instant Loan App

InstaMoney Loan App

InstaMoney Online Personal loan in India

InstaMoney is an Instant Loan App and Credit application for Indian users, you are able to apply for a money loan with low-interest rates. Insta Money provides personal cash loans with low-interest rates, Which Makes It easy for you to get instant loans for emergency use anytime, anywhere.

Insta Money offers personal loans in minutes. They only require your Aadhar Card and PAN card to process the loan. Visit their website or application for more information.

Insta Money provides individual money credits with low financing costs, which makes it simple for you to receive moment advances for emergency use whenever, anyplace.

Insta Money offers a loan amount of around Rs. 5000 to 10,000 with annualized percentage rate (APR) of 24% to 35.88% Per Annum.

Register in minutes, use for a cash charge and then get money straightforwardly from your financial equilibrium. But the repayment period is from 91 days to 150 days, which is less than normal.

Pros and Cons of Insta Money App


Best loan app for employees and self earning people
Money directly to your bank
Various tenure option
Online documentation


The loan tenure ranges between 91 days to 150 days
High Intrest rate
Processing Fees Applicable

Also Read: Top 7 Best Adventure Games for Android

Final Words

I hope these Best Instant Loan Apps in India will help you to get money instantly in your bank account or other wallet accounts. All the applications are free to download and you can check your credit score in any of the applications.

Also, all the applications are certified and genuine that will provide you instant money without any collateral or security, and some of the applications are the Best loan app for students. So, download any of the above Instant Loan Apps and apply for a loan.

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