Finance Money

Best Instant Personal loan giving apps in India 2024

best personal loan giving apps
Written by Medhaavi Mishra

A personal loan is an instalment loan that, unlike a car loan or a mortgage, provides funds that borrowers can use for any purpose, reserved solely for the purchase of a particular  property that is then used as collateral or guarantee for the loan.

Taking a loan from a bank through traditional means is very time consuming and involves a lot of paperwork. The other choice is to use a credit card for a loan, but interest rates are incredibly high. Another choice is to ask your friends or relatives for money, but it can be humiliating. And not everyone is fortunate enough to get their employers to receive a wage advance loan in India. So via personal loan applications, the best choice for a fast cash loan in India is.

It may be necessary to secure or unsecure personal loans. As a condition of borrowing, a secured personal loan is one that needs some form of collateral. For instance, with cash assets, such as a savings account or deposit certificate (CD), or with a physical asset, such as your car or boat, you can obtain a personal loan. The lender will retain your collateral to satisfy the debt if you default on the loan.



PaySense, established by SayaliKaranjkar and Prashanth Ranganathan, is an instant money app that provides online instant cash loans. You may confirm your loan eligibility by using a phone or laptop, submit your KYC information and apply for a loan, obtaining approval within 5 hours. 

The company offers online personal loans of up to ⁇ 5 Lakh and at one time you can use anything from ⁇ 5,000 up to your entire approved limit. PaySense also has an EMI calculator that allows you to check how much you like.

PaySense aims to provide young adults who need short-term loans with a fast and seamless solution to fix emergency and unplanned costs with full convenience.


money tap

MoneyTap is the first app-based credit line in India. The best part is its no-usage-no-interest feature, which has made it more economical to take credit. You only pay interest on the sum used, thanks to this feature. It is a personal loan app that provides consumers with a line of credit that acts as an instant loan or a credit card. 

The application process is made extremely consumer friendly targeted to provide hassle free experience to it’s customers.

They are a team of highly goal driven and motivational who target to provide affordable and flexible credit to middle class indians. 



Dhani Services Ltd is a consumer company that operates through its Dhani app and provides its clients with digital healthcare and digital finance. 

The company has constantly prioritised the need for the hour in the country to design offerings made for today and geared for tomorrow, expanding from a personal finance business to now providing a wide range of products in both healthcare and financial services.

On the financial services front to help handle all their financial needs on a regular basis, consumers can select from a suite of items. This includes handling all payments through the Dhani Wallet or Dhani Card, accessing personal finance through loans and the Dhani Credit Line, securing personal & medical insurance for your family, and creating smart stock broking solutions for your properties.


IndiaLends is a New Delhi-based start-up in financial technology. Our mission is to make financial products affordable for the common man and readily available. Our team consists of seasoned finance experts from top-notch organisations with over 7-12 years of experience.

For instant personal loans, credit cards, and free credit reports, IndiaLends is one of India’s cash loan apps. IndiaLends provides instant personal loans online with the best interest rate and disburses the loan within 48 hours.

5.Money View

money view

You can get a personal loan in just 2 hours with the Money View Personal Loan app. A personal loan from Money View is completely paperless, quick, simple and versatile, whether you want to remodel your house, purchase an expensive ride or cover your wedding expenses. 

The loan sum for Money View varies from 10,000 to 5 Lakh. The timeframe for repayment is adjustable and varies from 3 months to 5 years. 


smart coin

SmartCoin is a FinTech company with a goal to provide a user-friendly and flexible lending platform for its customers. It is an Indian personal loan app that offers instant loans for people seeking short-term personal loans in India. To get loans from around 1,000 to around 25,000, use its mini loan app. 

Unlike other people, the organisation addresses all profiles such as help executives, business owners, salaried professionals, administrators, stay-at-home mothers, teachers and more with no minimum wage limit. 



Immediate approval within a minute is what gives Credy one of the quickest widely accessible instant loan approval applications on the marketplace. In the customer’s bank account, Credy also boasts fast disbursement of loans within 48 hours. Using the Credy App, if you are fit, you can submit a loan request in a few simple steps and get approval within a minute. On the buddy app, you can review your eligibility and ensure that your request meets the basic requirements.



To evaluate a client’s credit profile, Cashe utilises a proprietary algorithm. It varies significantly from the standard credit score system used by most banks and lenders. They refer to it as a social loan quotient(SQL) that uses different specific data to assess a client’s creditworthiness. The entire procedure is automated and requires no physical interference, making loan disbursement simpler and faster. You should expect the loan amount to be credited in your account if you have correct documentation.

9.Bajaj finserv

bajaj finserv

Bajaj Finserv provides personal loans that are authorised and disbursed instantly within just 24 hours. Women, government and public sector unit (PSU) staff, school teachers, college professors and more are given these collateral-free loans. 

By paying interest-only EMIs, personal loans are provided with a feature to reduce the payment by up to 45 percent. Once accepted, without the hassle of reapplying for the loan, you borrow as much as you need from your authorised loan amount.

10.Early Salary

early salary

This app is aimed at candidates with no credit background. Anyone with a monthly salary of 18,000 rupees and above can take advantage of a loan from Early Salary of up to rupees 2 lakhs. Early Salary utilizes a patented approach to assess an applicant’s creditworthiness. It is called the Social Value (SW) score, which in emergency circumstances helps to rapidly disburse a loan. Subject to proper reporting, receive the amount credited to your bank account within 10 minutes.

About the author

Medhaavi Mishra