We have listed the best instant personal loan applications in India that are revolutionizing the way borrowing works while providing convenience at it’s best.
  • InstaMoney
A leading Instant Personal Loan App used by 2 Million+ users in India. And with over ₹ 1 Billion (₹ 100 Crores) disbursed in loan amounts already disbursed. It’s the largest number of the personal loan provider. Operational throughout India in all 28 states and 8 union territories. With InstanMoney, get instant cash loans for various purposes such as medical emergency, credit card payment, debt consolidation, education, advance salary etc. Make all your worries go away with InstaMoney’s instant loans. The loan range varies from Rs. 5000 to Rs. 10,000. with tenure of 3 months to 5 months. The repayment tenure is flexible from 90 days to 150 days. You also get graduate to the higher loan amount and more products with on-time repayments. You are supposed to pay interest only on the amount used, there are no prepayment charges. InstaMoney provides loans with 100% online process. This easy application process with only 4 documents required – Selfie, PAN card, Aadhaar Card/Address ID proof and a Bank statement. The application is processed very quick, the cash is transferred to your bank account in 10 minutes to max. 2 hours. One can get advance salary loans or any other loan for that matter at 24%-35.88% p.a. translating to 2% – 2.99% a month. And, InstaMoney has the lowest processing fees ranging between 0% – 5% of the amount used.  The eligibility criteria for applying loan is as follows – 
  • You must be a salaried individual and an Indian citizen. Between the age of 21 – 45 years. Minimum take-home salary per month ₹ 12,000. Full salary amount must be received in the bank account
Application Link  https://play.google.com/store/apps/detailsid=com.innofinsolutions.instamoney
  • KreditBee
KreditBee is an Instant Personal Loan Platform for Young Professionals, where they can apply for Personal Loan for Salaried 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 on approval, the cash is immediately transferred to the bank account of the user.  Instant Personal Loan up to ₹2 lakh for 62 days to 15 months at 0-2.49% per month. The loans amount ranges from ₹1,000 to ₹2,00,000. The tenure is 62 days to 15 months. And the Interest rate (APR) ranges from 0%-29.95% per annum depending on the risk profile of customer and product availed.
  • MoneyTap 
Money Tap has a unique feature called “no-usage-no-interest,” which makes it stand out from the rest of the apps. This simply means that you are charged interest only on the amount of money used. All you need to do is download the app and upload the necessary documents. Once you get the approval, you are given a credit line, which you can use according to your needs.  You need to earn a minimum of INR 20,000 a month to be eligible for a loan. The minimum loan amount is Rs. 3,000 to max Rs, 5,00,000. And you can withdraw as little as Rs. 3,000 up to your full approved limit. 
  • EarlySalary
EarlySalary is an innovative lending platform that will change the way loans in India are taken. Being a new-age online brand, they bring together new credit scoring systems for superior customer profiling. EarlySalary has got you covered when the next payday is far away. A special personal loan app for salaried professionals, this app provides a loan amount up to INR 1, 00, 000 for all your needs.  The Pune-based fin-tech start-up also allows you to pay back the loan in easy EMIs within 50 days. The minimum loan amount: is Rs. 1000 and max Rs. 2,00,000. The provide Instant transfer to banks with no-pre payment charges. 
  • CASHe
Instant loans for instant gratification. They provide quick loans to salaried individuals like yourself, to fulfill each and every one of your needs! Loans are disbursed from 2 months, all the way up to a year, depending upon your needs.CASHe ensures that cash is made possible, whenever, and wherever! They offer a wide variety of loans ranging from Rs 9,000 to Rs 3,00,000 with a repayment tenure of up to 1 year. A Loan that serves all your needs, can be used for many purposes. It also secures your loans with hassle-free group insurance policies.  References: KreditBee, MoneyTap, EarlySalary, CASHe