List of Best Instant Personal Loan Apps in India 2022 – Top 10 Apps

List of Best Instant Personal Loan Apps in India 2022 – Top 10 Apps – Applying for a personal loan through an app allows you to get money online at significantly lower interest rates. Personal loan apps allow you to submit an online loan application and help you get a quick loan digitally and easily throughout the loan process.

With MyLoanCare you can apply for a personal loan in a few simple steps and connect with the lender of your choice. In addition, you can analyze and compare the various personal loan deals offered by top personal loan applications to get the best loan offers, attractive discounts and low interest rates for you.

List of Best Instant Personal Loan Apps
List of Best Instant Personal Loan Apps in India

List of Best Instant Personal Loan Apps in India 2022 – Top 10 Apps

App Interest Rates Loan Amount Processing Fee
Finnable Personal Loan App 18.99% ₹ 50,000 to ₹ 10 Lakh 4%
MoneyWide Personal Loan App 16.50% ₹ 10,000 to ₹ 3 Lakh 3% to 3.5%
Kreditbee Personal Loan App 12.24% ₹ 1,000 to ₹ 2 Lakh Rs. 130 – Rs. 850
NIRA Personal Loan App 24% ₹ 5,000 to ₹ 1 Lakh Flat Rs. 500
MoneyTap Personal Loan App 13% ₹ 30,000 to ₹ 5 Lakh 2% + GST
Paysense Personal Loan App 15.96% ₹ 5,000 to ₹ 5 Lakh 2.5% of the loan amount + GST or ₹ 500 + GST (Wh
Loantap Personal Loan App 12% ₹ 50,000 to ₹ 10 Lakh 2% on loan amount
Early Salary Personal Loan App 24% ₹ 8,000 to ₹ 5 Lakh Rs. 399

Features and Benefits of Instant Personal Loan App

Instant loan applications allow you to get enough money in just a few clicks and without or minimal paperwork. To get a loan, all you need is an internet connection, and you can get funds to your account in no time. Here are some features and benefits of the best personal loan apps in India:

Instant Credit of Cash: 

  • You can avail funds from these apps instantly Within few hours.


  • With instant loan applications, you can apply for personal loan online, thus requiring no physical paperwork.

Collateral-Free Finance: 

  • These apps provide funds without any requirement of security or collateral.

Digital Process for tracking status:

  •  One of the biggest advantages of these apps is that you can track your loan application online, along with application, verification and disbursement of funds.
  • Everything Is Done Online

No End-Usage Restrictions: 

  • Further, there are no end-usage restrictions on using funds that you have availed through the instant loan apps.

Avail Finance 24*7: 

  • These apps allow you to avail funds 24*7 at competitive rates.
  • You Can get Loan Any Time Whenever You Want.

No Credit History Required: 

  • Finally, most of these apps do not require any credit history or proof to provide a personal loan.

Personal Loan Eligibility Criteria for Online Loan App

  • Age: The minimum and maximum age to avail personal loan from online loan applications is 21 and 60 years.
  • Income: To avail funds from these apps, you should have a minimum income of ₹ 12,000. There are some apps that may have higher requirements for income.
  • Loan Amount: Online loan Apps provide loan amounts ranging between ₹ 1,000 to ₹ 10,00,000 respectively.
  • Occupation: Both salaried and self-employed individuals and professionals can avail digital loans from the best personal loan app.

Documents Required for Personal Loan Apps

Personal loan apps provide instant loans with the following minimal documents.

  • Aadhaar card
  • A photograph
  • Bank account details and statements
  • KYC form

How to Apply for a Personal Loan through App?

Getting a personal loan through instant personal loan apps is quick and takes a few seconds for approval. You need to follow the following steps to get a loan through these apps. Here We Have Explained Everything How To Apply For Loan.

  • Step 1 : Register for instant personal loan applications such as MoneyTap, Paysense and Early Salary etc.
  • Step 2 : Fill in the essential personal and bank details Asked In App.
  • Step 3 : Based on your eligibility, an amount will be approved.
  • Step 4 : Submit KYC and bank statements.
  • Step 5 : After verification, the loan amount will be transferred to your bank account.

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