instant personal loan app

Top 5 Instant Personal loan Apps in India 2021

Today, taking a personal loan is a lot easier for an individual. You only need to have a mobile phone, an internet connection, and a good track record. This is called Instant Personal Loan. Such loans have been proven a boon for an individual as it very well may be utilized in a crisis. Since the credit doesn’t have any end-use limitations, the sum can be utilized to subsidize a wedding, itinerary items, clinical requirements, or basically anything under the sun. So this article is about Instant Personal Loan Apps in India.

With the appearance of innovation, the application and disbursal process of such personal loans have gotten a lot simpler. Some moneylenders offer this simplicity through their versatile applications. Using a credit application you can apply for an advance in a minute without visiting any bank and just by sitting on a comfortable couch in your house. We are presenting the top 5 Instant Personal Loans Apps in India to get a personal loan instantly. These online applications will assist clients with checking their eligibility instantly and successfully process the loan application by submitting a few documents. This whole process will take 15 to 30 minutes to disburse the loan amount directly to your account. This article gives brief information about the instant personal loan apps working in India which can give instant credit facilities without any collateral security and guarantee.

Here is a list of the Top 5 Instant Individual Advance Applications in India 2021 

1. Dhani

This App offers ‘Dhani Credit Line’ gives instant money for all your needs. Dhani Credit line is the product of Dhani Loans and Services Limited (formally Indiabulls Consumer Finance Ltd (IBCFL) and IVL Finance Ltd). This Ínstant Personal Loan App is a one-stop app that gives a bunch of health and financial products. You can avail of instant personal loans using the Dhani app in just over a few clicks. The process is completely online & paperless. Dhani App is the first of its kind innovative product that transforms the personal loan lending process with Aadhar enabled customer verification such as e-signature, e-payments, online EMI repayment mandates, and online customer verification. Dhani Credit Line is a low-cost loan with the below-mentioned features:

Min Loan amountRs 1000/-
Max Loan AmountRs 15,00,000/-
Tenure3 Months to 24 Months
Processing Fees3% of Loan Amount
Rate of InterestRate of Interest starts from 13.99% P.A and ROI remains fixed for loan tenure and EMI will be computed on reducing balance method
EMI DateThe company offers two dates for EMI payments i.e 2nd or 5th of every month
Monthly Savings Gives 10% EMI amount as cash back using dhanicash every month
Processing TimeLoan processed in 3 minutes.
PrepaymentDhani does not charge you any prepayment fee for loans below Rs. 20,000 and 5% for above 20000 and beyond 6 months
Late Payment Penalty3% per month
Contact detailsIn case of any issues, you can call at  1860 419 3333 02267737800 or write to them at or

2. MoneyTap

MoneyTap is second on the list of Best instant Personal Loan Apps in India. It is a product of MWYN Tech Pvt Ltd. has a corporate office in Bangalore. MoneyTap offers the Instant online personal loan in partnership with various banks. MoneyTap caters to the credit needs of middle-class customers in India. Presently serving in 40+ cities, providing small-medium cash loans, quick credit on mobile, affordable interest rates, and flexible EMIs.The MoneyTap application process is extremely consumer-friendly. They are continuously striving to bring the most seamless and hassle-free credit experience to the consumers. With no usage and no interest feature, they have also made taking credit more affordable. You only pay interest only on the amount used.

Min Loan amountRs 3000/-
Max Loan AmountRs 5,00,000/-
Tenure2 Months to 36 Months
Processing Fees2% of Loan Amount
Rate of InterestThe rate of Interest starts from 15% to 18% p.a. Interest will be charged on the amount you use and when you choose to use it
Main FeatureYou will also get a MoneyTap card along with an app that can be used as a regular credit card
Low EMIInterest rates apply only to the amount you borrow and not your entire approved limit.
Late Payment Penalty15% on the amount due
Contact details3% per month
Contact detailsIn case of any issues/ query you can write to them at

3. EarlySalary

EarlySalary is third on the list of instant personal loan apps. It was founded in 2015. The application provides instant cash loans, a line of credit, and interest-free EMIs. Through EarlySalary, a person with a salary of Rs 18,000 or more can get an individual advance up to Rs 2 lakh immediately. EarlySalary is focused on those people who don’t have a record as a consumer. With legitimate documentation, you can benefit from the credit from EarlySalary within 10 minutes of presenting an application.

AgeMin 21 years of age and must not be older than 55 years
Profilemust be a salaried employee with a minimum of Rs 15000 in hand salary
Min Loan AmountRs 8,000/-
Max Loan amountRs 5,00,000/-
Tenure6 Months to 36 Months
Processing FeesRs 899 plus GST
Rate of interest30% P.A
Prepayment chargesNo Prepayment charges
Main FeatureYou’ll only be charged for the number of days you used the money
Contact detailsIn case of any issues, you can call them at  02067639797 or write to them at

4. KreditBee

KreditBee is a Personal Loan Platform where you can apply for a Personal Loan up to ₹ 2 Lakh as per their requirement. The documentation is very minimal, and the entire process starting from registration to disbursement does not take more than 15 minutes. The application process is completely online, and upon approval, the cash is immediately transferred to the bank account. It offers 3 variant of instant personal loan viz Flexi Personal loan, Personal loan Salaried and Online Purchase Loan.

Min Loan AmountRs 1,000/-
Max Loan AmountRs 2,00,000/
Tenure62 Days to 15 Months
Processing FeesProcessing Fees vary from Rs 85 to 6% depends upon the category of loan
Rate of interestROI varies from 15% to 29.95%
Prepayment chargesNo Prepayment charges
Late Payment ChargesVaries from 200 to 500 along with 0.15% of overdue installment amount.
Other chargesIt charges other charges like onboarding charges, document verification fees, credit re-assessment fees, and agreement fees
Contact detailsIn case of any issues, you can call them at  08044292200 or write to them at

5. LazyPay

Last but not least on the list of instant personal loan apps is LazyPay. LazyPay is a product of PayU finance India Pvt Ltd. It offers a completely digital process from checking eligibility to disbursement of loan directly to your bank account. It offers one-time credit approval for lifetime usage. You can utilize this application while shopping from Zomato, Swiggy, Amazon or Flipkart, and so on, and later you can pay with adaptable EMI choices.

AgeYou must be between 22 – 55 years of Age
Profile You must be salaried employee
Min Loan AmountRs 10,000/-
Max Loan Amount Rs 1,00,000/-
Tenure: 3 Months to 24 Months
Processing Fees No Information available
Rate of interest18% to 25% p.a. based on the Loan amount and profile of the applicant
Prepayment chargesNo Prepayment/ foreclosure charges
Main FeaturesPay interest on amount withdrawn
Contact detailsIn case of any issues, you can Click Here

An Instant Personal Loan App Offers the Following Benefits: 

1. Save Time:

If you’re stuck in a crisis and require funds in an emergency, then it wouldn’t be advisable to invest your energy in filling physical loan applications to various banks. Whereas you can get financial assistance just by sitting on a comfortable couch in your house. Also, the application will be processed in a few minutes. 

2. Access Anywhere:

To get the loan you don’t need to file an application in your home branch or to the bank branch holding your savings/ salary account. You don’t need to remain in long queues. If you’re choosing an individual advance, you can undoubtedly present an online application from the solace of your own home and let the cycle start

3. Computerized Documentation:

You don’t need to file a physical application with a bunch of self-attested Xerox copies of your documents. With the help of instant personal loan apps, you can just transfer your records through a scanner on your telephone, apply for an individual credit, and let the system do the rest of the work in a few minutes.

4. Simple Eligibility:

With these instant personal loan apps, the eligibility criteria have also been relaxed. With the appearance of innovation, the whole process is simplified by uploading the basic documents the software calculates the eligibility amount and gives on the spot approval. 

We hope this compiled list will give you an idea about the instant personal loan apps in India and help you in choosing the best option for getting an individual advance in 2021. Other than the applications mentioned above, there are a few other instant loan applications in India that offer instant individual advances within a  couple of minutes. With expanding customer awareness and selection, the market has developed quickly in recent years and invited a few new players into the market. However, one should read all the terms & conditions, compare different loan apps to find out the one that meets your requirement.

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