25 Best Quick Loan Apps in India (Updated 2026)

Unexpected expenses can come up without warning, and a lengthy loan process may not always be convenient. Quick loan apps allow you to apply for a personal loan online, complete verification digitally and track your application from your phone.

Here are 25 quick loan apps in India with key details such as loan amounts, interest rates, repayment tenure and applicable fees. Since eligibility and loan terms vary by lender, compare the total borrowing cost and repayment conditions before applying.

25 Best Quick Loan Apps in India 2026 – Quick Comparison

Compare the 25 apps below, and check the APR, fees, tenure and KFS before choosing a loan.

Disclaimer: Loan amounts, interest rates, tenure, eligibility and approval are subject to the lender’s current terms and the applicant’s profile. App ratings may change over time. Check the latest APR, fees and KFS with the lender before applying.

Note: The apps are listed based on a combination of loan range, repayment flexibility, transparency of loan terms and app experience. Ratings are shown for reference and may change over time. Loan approval, interest rates and terms depend on the lender and the applicant’s eligibility.

The 25 Best Quick Loan Apps in India

Fintech and NBFC-Led Apps

1. Moneyview

Moneyview offers an online personal loan journey through its lending partners. Borrowers can choose from different loan amounts and repayment periods, with the final offer based on the lender’s assessment.

• Loan Amount: ₹5,000 to ₹10 lakh
• Interest Rate: Starts at 14% p.a., based on the borrower’s profile
• Repayment Tenure: 3 to 60 months
• Processing Fee: Starts from 2% of the loan amount
• Minimum income: ₹25,000 monthly household income.
• Credit score: Minimum 650, as stated by Moneyview
• Foreclosure: Nil charges; allowed after 6-12 EMIs (not on loans up to 6 months)

Important: The final interest rate, loan amount and other terms depend on the applicant's profile and the applicable lending partner.

2. KreditBee

KreditBee provides digital personal loans with flexible borrowing amounts and repayment tenures. Applicants can check the terms available to them before proceeding with the loan.

• Loan amount: ₹6,000 to ₹10 lakh
• Interest rate: Interest rates range from 12% to 27.5% p.a., depending on your credit profile, income, and loan terms.
• Tenure: 6 to 60 months
• Processing fee: Up to 4.7 + GST
• Eligibility: Indian citizen, 21+ years, minimum monthly income ₹10,000, and monthly household income above ₹25,000
• Foreclosure: Up to 5% of outstanding principal + GST
• Part-Prepayment Charges: Up to 5% of the principal prepaid + GST
• Application: online, with digital KYC
• Disbursal: usually within hours of approval for eligible applicants

3. Fibe (formerly EarlySalary)

Fibe, formerly known as EarlySalary, offers digital personal loans primarily for salaried individuals. Applicants can apply online, submit their KYC and income details, and receive a loan offer based on the lender's assessment.

• Loan amount: Up to ₹10 lakh
• Interest rate: From 18% p.a., calculated on a reducing-balance basis
• Tenure: 3 to 36 months
• Processing fee: Starts at 2% of the loan amount, plus applicable GST
• Late payment charge: ₹500 or 3% of the overdue EMI, whichever is higher
• NACH/e-Mandate bounce charge: ₹500 per instance
• Mandate rejection charge: ₹250 + GST
• Stamp duty: 0.1% of the loan amount
• Foreclosure charges: Nil
• Age: 19 to 55 years
• Residency: Indian resident with valid Aadhaar and PAN
• Income: Minimum in-hand salary of ₹20,000 per month
• Credit Score: Preferably 650 or above; first-time borrowers may also be eligible

4. Kissht

Kissht connects borrowers with RBI-regulated lending partners for personal loans and EMI-based credit. Applicants can complete the application process digitally, including KYC, approval and e-sign, subject to the lender's assessment.

• Loan amount: ₹10,000 to ₹5 lakh
• Interest rate: 12% - 28.5% p.a.
• Tenure: 6 to 60 months
• Processing fee: Up to 7% + GST
• Age: 21 to 60 years
• Documents: Aadhaar, PAN and selfie KYC
• Ideal for: Borrowers looking for flexible EMI-based loan options

5. CASHe

CASHe is a digital lending platform that offers personal loan options to eligible borrowers through an online application process. Applicants can complete the application and verification digitally, while the loan amount, interest rate and tenure depend on their profile and applicable loan terms.

• Loan amount: Up to ₹3 lakh, subject to eligibility
• Interest rate: 1.667% to 3% per month, depending on the applicable loan terms
• Tenure: 3 to 18 months, depending on the loan offer
• Processing fee: Up to 6% of the loan amount, as applicable
• Application: Fully digital process
• Monthly income: Minimum salary of ₹30,000 per month
• Eligibility: Based on income, employment, credit profile and applicable lender criteria

6. Finnable

Finnable is a digital lending platform that offers personal loans through an online application process. Eligible borrowers may receive funds within about 60 minutes, although the actual timing depends on verification and approval.

• Loan amount: ₹25,000 to ₹10 lakh
• Interest rate: 16% to 30.99% p.a.
• Tenure: 6 to 60 months
• Processing fee: Up to 5% of the loan amount + GST
• Age requirement: 21 to 55 years
• Employment: Full-time salaried employees
• Minimum monthly salary: ₹15,000
• Salary requirement: Salary should be credited directly to the applicant's bank account
• CIBIL score: 650+ preferred; applicants with no previous credit history may also be evaluated
• Application process: Online application with digital verification
• Repayment: Monthly EMIs based on the approved loan amount and tenure

Note: The actual loan amount, interest rate and approval decision depend on the applicant's profile, verification and applicable lending criteria.

7. Olyv (formerly SmartCoin)

Olyv, previously known as SmartCoin, provides digital credit solutions through an online platform. Borrowers can apply, complete verification and manage repayments digitally, subject to the applicable lending terms.

• Loan amount: Up to ₹5 lakh
• Interest rate: Starts at 1.5% per month
• Repayment tenure: 2 to 24 months
• Processing fee: 2% - 15% of the loan amount
• Late payment charges: Penal interest of up to 36% p.a.
• Foreclosure charges: Up to 4% + GST
• Minimum age: 21 years
• Monthly income: ₹15,000 or more
• Employment: Salaried or self-employed applicants with a steady income
• Recommended household income: ₹25,000 or more
• Application process: Online

8. Zype

Zype offers digital personal loan options for salaried individuals seeking quick access to funds. Eligible applicants can complete the application online and choose from the repayment options available to them.

• Loan amount: ₹3,000 to ₹5 lakh
• Interest rate: 18% to 34% p.a., based on credit profile and eligibility
• Repayment tenure: 6, 9, 12, 18, 24 or 36 months
• Processing fee: 2% to 6% of the sanctioned loan amount
• Approval: Digital processing, with approval subject to verification
• Age: 18 to 58 years
• Employment: Salaried individuals
• Minimum net monthly income: ₹15,000 to ₹20,000, depending on applicable eligibility criteria
• Credit score: A bureau score above 650 - 700 may be preferred and can influence the applicable interest rate
• Application process: Online
• Repayment: Monthly EMIs based on the approved amount and selected tenure
• Ideal for: Salaried borrowers looking for flexible digital personal loan options

9. LazyPay

LazyPay is a fintech credit platform known for pay-later services and its XpressLoan personal loan product. Loans are offered through regulated lending partners, with the application process completed online. It may suit borrowers looking for convenient access to short-term credit.

• Loan amount: Up to ₹5 lakh
• Interest rate: 12% to 36% p.a.
• Repayment tenure: 3 to 60 months
• Application: Online through the digital platform
• Repayment: Monthly EMIs based on the approved loan terms

10. True Balance

True Balance is a mobile lending platform that offers personal loans to eligible borrowers through an online application process. Applicants can select a repayment period from the options available to them and repay the loan through monthly instalments.

• Loan amount: ₹5,000 to ₹2 lakh
• Interest rate: From 2.4% per month (about 28.8% p.a.)
• Tenure: 6 to 48 months
• Processing fee: 0% to 7.1% of the loan amount
• Application: Online digital process
• Repayment: Monthly instalments based on the selected tenure

11. mPokket

mPokket is a mobile lending app that offers small personal loans to students, salaried employees, self-employed individuals and gig workers. It may consider applicants with limited or no credit history, subject to its eligibility and verification criteria.

• Loan amount: ₹1,000 to ₹2,00,000
• Interest rate: 22% - 36% p.a.
• Tenure: 6 to 24 months
• Processing fee: 3.75% - 4% of the loan amount + GST
• Minimum age: 18 years and above
• Income proof: Proof of income or employment, where applicable
• Minimum salary: No fixed minimum salary requirement stated
• Documents: Aadhaar, PAN and selfie KYC, subject to applicable requirements
• Disbursal: Directly to the verified bank account after approval

12. Pocketly

Pocketly is an instant personal loan app that offers small unsecured loans through a fully digital process. Loans are short in duration, so repayment comes quickly. Costs can be high when the processing fee is spread over a short tenure, so check the APR before you accept.

• Loan amount: Up to ₹50,000
• Interest rate: 2% - 3% per month (about 24% - 36% p.a.)
• Tenure: 61 days to 9 months
• Processing fee: 0% - 7.5% + GST, where applicable
• KYC: Fully online; the company states that the process can be completed within minutes

13. Prefr

Prefr is a digital personal loan platform that connects eligible borrowers with lending partners. Loans are repaid through fixed EMIs, while the overall borrowing cost may include interest, processing fees and other applicable charges. Borrowers should review the Key Fact Statement before accepting a loan.

• Loan amount: ₹51,000 to ₹5,00,000
• Interest rate: 18% - 30% p.a. (APR up to 45%)
• Tenure: 12 to 48 months
• Processing fee: 3% - 5% + GST
• Age: 22 to 55 years
• Income: Annual household income of ₹3 lakh or more
• Collateral: No collateral required

14. FatakPay

FatakPay offers different loan products to suit varying borrowing requirements. FatakLite is aimed at smaller, short-term needs, FatakPlus provides another credit option for eligible borrowers, while FatakPrime is designed for larger borrowing requirements with longer repayment periods.

• Loan amount: ₹1,000 to ₹5 lakh
• Interest rate: From 1.2% per month
• Repayment period: 61 days to 48 months
• APR: 15% to 78%, depending on the tenure
• Processing fee: Up to 8% + 18% GST
• Age requirement: 21 to 55 years
• Employment: Salaried or self-employed
• CIBIL score: 750 or above
• Disbursal time: Typically 24 - 36 hours after successful KYC and NACH setup
• Repayment: EMI options available

15. Stashfin

Stashfin is a digital financial services platform that offers multiple products through its online platform. Its offerings include personal loans, UPI services, recharge and bill payments, corporate bonds and insurance, giving users access to different financial services in one place.

• Loan amount: Up to ₹5 lakh
• Interest: 0% for the first 30 days; 11.99% - 36% thereafter, as applicable
• APR: 10% - 45%
• Tenure: 3 - 42 months
• Platform fee: 2.85% + 18% GST
• Transaction fee: 3% + 18% GST
• Foreclosure fee: Nil
• Application: Digital and online
• Repayment: As per the approved EMI schedule

16. FlexSalary

FlexSalary is a digital personal loan product offered by Vivifi India Finance Private Limited. It provides salaried and self-employed individuals with an online way to apply for personal credit for needs such as medical expenses, skill development, home repairs or other urgent financial requirements.

• Loan amount: Up to ₹3 lakh
• Interest rate: 18% to 42% p.a.
• APR: 20% to 70%
• Repayment tenure: Up to 36 months
• Processing fee: Up to 5% + GST
• Late payment fee: Up to ₹150 per instance
• Auto-debit failure charge: Up to ₹60 per instance
• Prepayment charge: Nil (₹0)
• Age: 21 years or above
• Employment: Salaried individuals
• Minimum monthly income: ₹8,000
• Collateral: Not required

17. Freo

Freo brings several personal finance services together in a single app, including loans, UPI payments, digital gold and insurance. Instead of focusing only on borrowing, the platform allows users to access different financial products from one digital interface, with availability and terms varying by product and eligibility.

• Loan amount: ₹3,000 to ₹5 lakh
• Interest rate: 12% - 36% per annum
• APR: 10% - 70%
• Repayment tenure: 3 - 36 months
• Age criteria: 22 - 55 years
• Minimum monthly income: ₹25,000
• Pay EMIs using UPI or Debit Card.
• Employment: Salaried and self-employed applicants
• Credit score: 650+
• Processing & setup fees: Low fees, as applicable to the loan

18. Hero FinCorp

Hero FinCorp offers personal loans with quick digital approval, minimal paperwork, and flexible repayment options - the entire process, from application to disbursal, can be completed through the app from anywhere in India.

Loan Terms

• Loan amount: ₹50,000 - ₹7 lakh
• Interest rate: Starting from 17.9% p.a.
• Tenure: 12 – 36 months
• Collateral: None - unsecured

Fees & Charges

• Processing fee: Minimum 2.5% + applicable GST
• Prepayment charges: Not applicable
• Foreclosure charges: Up to 5% + GST on outstanding principal
• EMI bounce charges: ₹350 per instance
• Overdue interest: 1% - 2% per month on overdue amount
• Loan cancellation: No cancellation fee through the app

Eligibility

• Age: 21 - 58 years
• Employment: Salaried or self-employed
• Credit score: 725+ CIBIL preferred
• Minimum monthly income: ₹15,000
• Lender status: RBI-regulated NBFC

19. NIRA

NIRA offers quick personal loan options through a digital application process, with loan products designed to provide convenient access to funds. Eligible borrowers can apply online and review the applicable loan terms before proceeding.

• Loan amount: ₹5,000 to ₹1.5 lakh
• Interest rate: 24% to 36% p.a.
• Tenure: 3 to 24 months
• Processing fee: 2% - 7% of the loan amount + GST
• Late/bounce charges: Auto-debit failures may attract a penalty of up to ₹500; a bounce fee of ₹100 may also apply
• Age: 21 to 55 years
• Employment: Minimum 6 months of employment
• Minimum salary: ₹15,000 per month
• Repayment: EMI-based repayment

20. RupeeRedee

RupeeRedee is an instant loan app for salaried and self-employed individuals who need quick, small-ticket funds without lengthy paperwork. Operating through its NBFC partner, FincFriends Private Limited, it offers fully digital KYC and disbursal within minutes. Built for short-term cash gaps rather than large borrowing needs, it's a fast fix - not a long-term loan solution.

• Loan amount: ₹2,000 – ₹2,50,000
• Annual interest rate: Starting from 28%
• Repayment tenure: 3 to 24 months
• Processing fee: Starting from 1.5%
• Service fee: 8.76% to 19.50% of the principal loan amount
• Eligibility: Age 18-65 years, minimum monthly income ₹15,000

21. InstaMoney

InstaMoney is a digital lending app offering instant personal loans with disbursal in just a few hours. Backed by an RBI-Regulated NBFC-P2P platform, it offers a fully paperless process, minimal documentation, and flexible repayment terms.

• Loan Amount: ₹5,000 to ₹1,00,000
• Interest Rate: 24% to 48% per annum
• Loan Tenure: 3 to 12 months
• Registration Fee: Up to ₹399 (non-refundable)
• Processing Fee: 0% to 6% of loan amount
• Disbursal Time: Within 24 hours of approval
• Repayment: Monthly EMI via auto-debit mandate
• Collateral: None required
• Age Eligibility: 21 to 55 years
• Minimum Monthly Income: ₹12,000
• Self-Employed Applicants: Eligible with regular, verifiable income
• First-Time Borrowers: Welcome to apply, even with no credit history (subject to income verification)
• Approval Speed: Loan decision in minutes, not days
• No Guarantor Needed: Fully unsecured loan - no co-signer required

22. DMI Finance

DMI Finance offers personal loans through a fully digital application journey designed for salaried and self-employed borrowers across India. It evaluates each applicant's income, credit profile, and repayment history to determine the loan amount, interest rate, and tenure offered - with the entire process completed online, from application to disbursal.

• Loan Amount: ₹50,000 to ₹10 lakh
• Interest Rate: 11.99% to 28.90% p.a., based on credit assessment
• Loan Tenure: 6 to 48 months
• Processing Fee: Up to 3.5 % + GST of the loan amount
• Age Eligibility: 23 to 52 years
• Minimum Monthly Income: ₹25,000
• Minimum Credit Score: 700+ for salaried applicants, 730+ for self-employed applicants
• Employment Type: Salaried and self-employed individuals
• Application Process: Fully digital and paperless, from eligibility check to fund disbursal
• Repayment: Monthly EMIs based on the approved amount, rate, and tenure
• Disbursal Time: Typically within 24 to 72 hours of approval

23. PayMe

PayMe operates as a marketplace, routing applicants to one of several lending partners based on their profile. Because the actual lender varies by application, the final rate and terms aren't fixed until you're matched.

• Loan Amount: Up to ₹5 lakh
• Interest Rate: Starts from 1.5% per month (approx. 18% per annum), varies by lending partner and applicant profile
• Loan Tenure: 3 to 24 months, depending on the loan product
• Processing Fee: 2% to 10% of the loan amount
• Age Eligibility: 21 to 58 years
• Minimum Monthly Income: ₹15,000 (salaried) / ₹25,000 (self-employed)
• Credit Score: 650+, as per stated eligibility criteria
• Employment Type: Salaried or self-employed, depending on the product
• Lending Structure: Loans are facilitated through multiple lending partners, so the actual lender, final rate, and terms may vary by application
• Application: Fully online, with digital KYC and verification
• Collateral: None required
• Disbursal: Funds are credited to your account 24 - 48 hours after approval

24. PayRupik

PayRupik is built around short repayment cycles rather than traditional EMI tenures, making it closer to a bridge loan than a standard personal loan.

• Loan Amount: Up to ₹2,50,000
• Interest Rate: Up to 35% per annum, with the final rate depending on the applicant's profile and loan terms
• Loan Tenure: 91 to 180 days
• Processing Fee: Ranges from approximately ₹80 to ₹2,000, plus applicable GST, depending on loan amount and tenure
• Age Eligibility: 20 years and above
• Income: Applicant must have a regular, verifiable source of monthly income
• Application: Fully online, with digital KYC and verification
• Collateral: None required

25. PaySense

PaySense offers collateral-free personal loans with flexible EMI options for eligible salaried and self-employed applicants. The entire process from application to disbursal is fully digital, with rates and terms based on the applicant's credit profile.

• Loan Amount: ₹5,000 to ₹5 lakh
• Interest Rate: 16% to 36% p.a., varying by applicant profile and loan product
• Loan Tenure: 3 to 60 months
• Processing Fee: Up to 2.5% of the loan amount, plus applicable GST
• Foreclosure Charge: Up to 4% of the outstanding principal, plus applicable GST
• Late Payment Charge: Approximately ₹500 - ₹590, inclusive of GST
• Age Eligibility: 21 to 60 years
• Employment Type: Salaried and self-employed applicants
• Minimum Monthly Income: ₹12,000 (salaried) / ₹15,000 (self-employed)
• Application: Fully digital, with paperless KYC and verification
• Collateral: None required

How to Choose the Right Loan App

• Compare APR, not just the interest rate. The advertised interest rate may not reflect the actual rate you pay. Once processing fees and GST are added, two apps quoting the same rate can cost noticeably different amounts. APR bundles all of this into one number, making it the only fair way to compare offers. If an app doesn't show its APR upfront, that's worth questioning.
• Check the total cost, not just the EMI. A low monthly payment can mask a high overall cost. Before accepting, look at the processing fee (typically 2% - 8%), GST on top of it, prepayment or foreclosure charges (some are nil, others up to 5% of principal), and late-payment penalties. These details live in the Key Fact Statement (KFS), not the headline offer.
• Verify the lender's name in the KFS. Most loan apps are just the interface - the actual funds come from a partner NBFC or bank, which RBI rules require the KFS to name explicitly. Cross-check that name against RBI's list of registered NBFCs before proceeding; it's the quickest way to confirm you're dealing with a regulated lender rather than an unregistered one.
• Choose an amount and tenure that suit your needs. A longer tenure lowers your EMI but increases total interest paid, even at the same rate. Borrow based on what you need and can repay comfortably - not the maximum the app offers you.
• Read reviews on recovery practices, not just app ratings. Star ratings usually reflect how smooth the application was, not what happens if you miss a payment. Search separately for feedback on how the lender handles reminders and collections - this matters more than app UX if your repayment situation ever gets tight.

Eligibility and Documents Required

Requirements vary by lender, but most RBI-registered loan apps look for similar basics. Meeting them doesn't guarantee approval - final terms depend on the lender's assessment of your income and credit profile.

Eligibility, in general:

• Age 18/21 to 55/60 (some apps extend to 65)
• Indian resident with an active bank account
• Minimum monthly income of ₹8,000 - ₹30,000, depending on the lender
• CIBIL score of 650+ preferred, though several apps accept first-time borrowers with no credit history
• Salaried, self-employed, or gig-income applicants - eligibility by employment type varies by app

Documents usually needed:

• Aadhaar (for e-KYC) and PAN card
• Income proof - salary slips or bank statements (salaried); ITR or bank statements (self-employed)
• Selfie/live photo for digital verification
• Bank account details for disbursal and EMI auto-debit

Eligibility and documentation requirements vary by applicant and are subject to change. Verify current terms with the lender directly.

Safety Guide: How to Avoid Fraudulent Loan Apps

RBI's digital lending guidelines exist to protect borrowers from predatory and fraudulent lending practices. Under these rules:

• Loans must be disbursed directly to your bank account and repaid directly to the lender account - never routed through a third-party wallet or intermediary account.
• You must receive a Key Fact Statement (KFS) before accepting any loan, disclosing the full cost (APR), recovery process, and grievance officer details.
• You're entitled to a cooling-off period to exit the loan by repaying only the principal and proportionate interest, without penalty.
• Lenders must have your explicit consent for any data collection and are not permitted to use your contacts or photo gallery for recovery or harassment purposes.

Red flags to watch for:

• Requests for an upfront "processing," "insurance," or "verification" fee before the loan is disbursed
• Apps demanding access to your contacts, photos, or files as a condition of approval
• Threats, harassment, or contacting your family/friends over repayment
• No, clearly named lender, or no disclosed RBI-registered NBFC partner
• Unusually short repayment windows paired with steep penalty charges

How to verify a lender before applying:

Check whether the lender is listed on the RBI's official database of registered NBFCs and cross-reference the app against RBI's published list of digital lending apps.

Where to report fraud or harassment:

• National Cyber Crime Reporting Portal: cybercrime.gov.in
• Cyber Crime Helpline: 1930
• RBI's Sachet Portal - for reporting unauthorised or unregistered lending activity

Note: Helpline numbers, portal names, and registration lists are maintained by government bodies and may be updated periodically. Verify current details on RBI's official website before relying on them.

Pros and Cons of Quick Loan Apps

Pros

• Approval and disbursal in hours, not days, for eligible applicants
• Fully digital process - no physical branch visit or paperwork
• Accessible even to first-time borrowers or those with limited credit history (depending on the app)
• Useful for genuine short-term cash gaps or emergencies

Cons

• Interest rates are typically higher than secured loans like gold or property-backed loans
• Processing fees, GST, and foreclosure charges can add significantly to the total cost - always check the APR, not just the headline rate
• Easy access can encourage borrowing more than needed, or stacking multiple small loans at once
• A missed or bounced EMI is reported to credit bureaus and can lower your CIBIL score, making future borrowing harder or costlier