In India, borrowing money no longer starts with a visit to the bank. It often begins with a tap on a screen. Over 10.9 crore personal loans worth more than ₹1,06,000 crore were sanctioned by fintech lenders in FY 2024–25, according to the Economic Times. That scale shows how deeply loan apps have become part of everyday financial life.
But popularity does not mean blind trust. A LocalCircles survey in 2024 revealed that only 9% of citizens used instant loan apps in the past two years, compared to 14% in 2022. Nearly 45% of those borrowers reported interest rates above 25 percent. These numbers show both the convenience and the cost of turning to an app for quick credit.
This guide cuts through the noise and looks at the 10 personal loan apps in India that stand out for speed, reliability, and flexibility. Whether you need ₹5,000 to get through the month or several lakhs for a larger expense, these are the names you’ll hear most often.
Top 10 Personal Loan Apps in India
Fibe (formerly EarlySalary)
Fibe has carved out a space among the top personal loan apps in India by focusing on young salaried professionals who need instant access to short-term credit. It’s especially known for its salary advance option, which has become a lifesaver for many employees facing mid-month or end-of-month cash crunches.
The app is designed for speed, with most approvals completed in minutes and funds disbursed on the same day. Loan sizes range from small-ticket borrowing to larger amounts of up to ₹5 lakh, with flexible repayment tenures that can be aligned with salary cycles.
Highlights of Fibe:
- Salary advance loans that directly address mid-month cash flow issues.
- Same-day disbursal designed for urgent needs like medical or travel expenses.
- Strong appeal to young professionals with limited credit history.
- Borrowing amounts structured to scale with user eligibility.
Moneyview
Moneyview stands out among the top personal loan apps in India for its wide loan range and borrower-friendly approach. It caters to people who need quick access to funds but may not always meet traditional bank criteria. Using its own credit scoring system, the app evaluates applicants beyond just the CIBIL score, which makes it accessible to first-time borrowers and those with limited credit history.
The process is entirely digital, from application to repayment. Once approved, the loan is usually disbursed within 24 hours. Borrowers can pick repayment terms that stretch up to five years, which helps reduce EMI pressure for larger loans.
Highlights of Moneyview:
- Loan range: ₹5,000 to ₹5,00,000
- Repayment tenure: 3 months to 5 years
- Disbursal: Typically within 24 hours
- Eligibility assessment beyond traditional credit scores
This makes Moneyview a practical option for anyone looking for flexibility and quick access to funds without being held back by a less-than-perfect credit record.
KreditBee
KreditBee is widely recognised as one of the top personal loan apps in India for its flexibility in serving both first-time and repeat borrowers. Unlike many apps that focus only on salaried professionals, KreditBee extends credit to students, freelancers, and young earners as well.
The platform offers smaller ticket loans starting as low as ₹1,000, which makes it approachable for short-term or emergency needs. For trusted users, KreditBee scales up to larger amounts in the lakhs with longer repayment options. It also stands out for breaking loans into multiple products, such as online purchase loans, cash loans, and salary advances.
Highlights of KreditBee:
- Entry-level loans starting from just ₹1,000 for short-term needs.
- Tailored products: cash loans, online purchase loans, and salary advances.
- Available to students, freelancers, and first-time borrowers.
- Higher credit limits unlocked for repeat users with strong repayment history.
This structure makes KreditBee a versatile option for both small emergencies and higher-value borrowing, with a pathway for users to grow their creditworthiness over time.
CASHe
CASHe is one of the top personal loan apps in India built specifically with salaried professionals in mind. The app positions itself as a quick-fix solution for white-collar workers who need instant credit, often without the lengthy checks that traditional banks demand.
What makes CASHe stand out is its AI-driven Social Loan Quotient (SLQ) system, which evaluates more than just your credit score. It considers factors like employment history, social profile, and earning patterns to decide loan eligibility. This approach makes the app more flexible for young professionals who are still building their credit footprint.
Loan amounts go up to ₹3 lakh, with short to medium repayment windows. Disbursals are typically completed within the same day, making it useful for time-sensitive expenses such as rent deposits, travel bookings, or emergencies.
Highlights of CASHe:
- AI-driven Social Loan Quotient system for more inclusive eligibility checks.
- Designed primarily for salaried professionals with recurring income.
- Instant disbursal for loans up to ₹3 lakh.
- Tailored for short-term and medium-term borrowing needs.
CASHe has positioned itself as a go-to app for working professionals who value speed, flexibility, and an evaluation model that looks beyond traditional credit reports.
PaySense
PaySense has secured its place among the top personal loan apps in India by making credit accessible to beginners who may not have a strong credit history. The app is built for simplicity, guiding first-time borrowers through a fully digital process that does not overwhelm them with banking jargon or hidden conditions.
One of PaySense’s standout features is its pre-approved loan offers. Once you register and upload documents, the app tells you the amount you are eligible for upfront, avoiding the uncertainty that comes with traditional applications. Loans start at ₹5,000 and extend up to ₹5 lakh, with flexible EMI plans designed to stay affordable even for those earning modest salaries.
PaySense also allows joint loans, which means you can add a co-borrower to improve your eligibility. This makes it attractive to younger applicants who may not qualify on their own but can leverage family income to access larger amounts.
Highlights of PaySense:
- Beginner-friendly credit platform for first-time borrowers.
- Pre-approved loan offers for faster decisions.
- Loan range: ₹5,000 to ₹5,00,000 with flexible EMI options.
- Joint loan facility to boost eligibility and loan size.
For anyone starting their credit journey, PaySense is one of the most approachable apps, offering transparency and flexibility without steep entry barriers.
Bajaj Finserv
Bajaj Finserv is one of the most established names among the top personal loan apps in India, backed by a trusted financial institution with decades of experience. Unlike smaller fintech players, it caters to larger borrowing needs and offers one of the highest loan amounts available through a digital platform.
Borrowers can access personal loans up to ₹55 lakh, making it a preferred choice for big-ticket expenses such as weddings, higher education, home renovations, or medical procedures. Despite the high loan ceiling, approvals are quick, and funds are often disbursed within 24 hours for eligible applicants.
Another standout aspect of Bajaj Finserv is the flexibility in repayment. Tenures extend up to 96 months, which allows borrowers to spread EMIs over a long horizon and keep monthly outflows manageable. The app also provides a balance transfer facility, enabling customers to move existing high-interest loans to Bajaj Finserv at lower rates.
Highlights of Bajaj Finserv:
- Large loan amounts up to ₹55 lakh for major expenses.
- Repayment tenures as long as 96 months.
- Balance transfer option to reduce interest on existing loans.
- Backed by a reputed financial institution for credibility and trust.
For borrowers seeking reliability along with the capacity to finance significant life events, Bajaj Finserv offers the scale and stability that few others in the digital lending space can match.
MoneyTap
MoneyTap distinguishes itself from other top personal loan apps in India by offering a personal line of credit rather than a one-time loan. Instead of borrowing a fixed amount upfront, you’re approved for a credit limit, and you can withdraw only what you need, when you need it. Interest is charged only on the amount used, not the entire approved limit.
This model makes MoneyTap ideal for people who face recurring or unpredictable expenses. For example, if you’re approved for ₹2 lakh but only withdraw ₹20,000, you’ll pay interest on just ₹20,000 while the rest of your credit line stays available.
The app is also designed for flexibility. Repayments can be made through convenient EMIs, and once repaid, the borrowed amount is replenished in your credit line, similar to how a credit card works. Loan limits generally start at ₹3,000 and can go up to ₹5 lakh, depending on eligibility.
Highlights of MoneyTap:
- Personal line of credit with reusable funds.
- Interest charged only on the amount withdrawn.
- Loan range: ₹3,000 to ₹5,00,000.
- EMI repayment options for flexible budgeting.
MoneyTap is best suited for individuals who want ongoing access to credit without having to reapply each time, making it a practical choice for managing fluctuating financial needs.
NIRA
NIRA stands out among the top personal loan apps in India for its focus on financial inclusion. It is designed to help people who are often overlooked by banks, such as first-time borrowers or those without a strong credit history. Unlike most lenders, NIRA does not always require a high CIBIL score to qualify, which opens up credit access to a wider base of users.
Borrowers can apply for amounts starting as low as ₹5,000, with upper limits generally around ₹1 lakh for new users. Repayment periods are flexible, usually ranging from 3 months to 24 months. What makes NIRA appealing is its straightforward process: a simple mobile application, transparent interest rates, and quick disbursal, often within 24–48 hours.
For salaried individuals with a monthly income starting at ₹12,000, NIRA becomes a stepping stone into formal credit. By making timely repayments, borrowers can build their credit profile and later qualify for higher amounts and better terms.
Highlights of NIRA:
- Accessible to first-time borrowers with no or thin credit history.
- Loan range: ₹5,000 to ₹1,00,000 (higher for repeat users).
- Monthly income eligibility starting at ₹12,000.
- Quick disbursal, usually within 24–48 hours.
NIRA’s biggest strength is its inclusivity, giving people a fair chance to enter the credit system and build financial credibility over time.
Olyv (SmartCoin)
Olyv, earlier known as SmartCoin, has secured its place among the top personal loan apps in India by focusing on instant approvals and small-ticket credit. The app is designed for people who may not qualify for large loans but need quick access to smaller amounts to cover short-term expenses like utility bills, travel, or medical emergencies.
Loan amounts generally range from ₹1,000 to ₹2 lakh, with approvals processed in minutes and funds disbursed within 24 hours. What makes Olyv unique is its progressive lending model: new borrowers start with smaller loan limits, and consistent repayment behaviour unlocks higher credit in subsequent cycles.
The app also caters to a broad user base, including self-employed individuals and those in semi-urban or rural areas who often find traditional banking out of reach. Its lightweight mobile interface and multilingual support further improve accessibility.
Highlights of Olyv (SmartCoin):
- Instant approvals with funds disbursed within 24 hours.
- Progressive loan model that increases limits for repeat borrowers.
- Loan range: ₹1,000 to ₹2,00,000.
- Inclusive of self-employed and semi-urban/rural borrowers.
Olyv is best suited for people who want small, quick loans with the potential to build eligibility for larger amounts over time.
Buddy Loan
Buddy Loan earns its spot among the top personal loan apps in India by operating as an aggregator rather than a single lender. Instead of directly funding loans, the app connects users with a large network of RBI-approved lenders. This approach increases the chances of approval since multiple loan providers are evaluated simultaneously.
Borrowers can apply for amounts starting from ₹10,000 and going up to ₹15 lakh, depending on their eligibility. The application process is quick and largely digital, with approvals often completed in 24 to 48 hours. Because it works with multiple partners, Buddy Loan can also offer a variety of repayment options and interest rates, giving borrowers the flexibility to choose terms that suit their budget.
Another advantage is transparency: Buddy Loan clearly displays the offers available from different lenders, helping applicants compare and select the most suitable one without needing to apply separately to multiple banks or NBFCs.
Highlights of Buddy Loan:
- Aggregator model with access to multiple RBI-approved lenders.
- Loan range: ₹10,000 to ₹15,00,000.
- Wide choice of repayment plans and interest rates.
- Digital process with quick approvals in 24–48 hours.
Buddy Loan is a strong option for borrowers who want a higher probability of approval and the ability to compare offers before committing.
Conclusion
Personal loan apps have changed how Indians access credit by making borrowing faster, more flexible, and less intimidating than traditional bank visits. From Fibe’s salary advance loans to MoneyTap’s line of credit and Buddy Loan’s aggregator model, each of the top personal loan apps in India serves a distinct purpose. Some focus on speed and convenience, while others open doors for first-time borrowers or provide large-ticket loans for major expenses.
The right choice depends on your specific need: whether it’s a small cash crunch, building your credit profile, or financing something bigger like education or home renovation. Always check eligibility, compare interest rates, and review repayment terms before applying. Used wisely, these apps can be a reliable financial tool instead of a debt trap.
FAQs
1. Are personal loan apps safe to use?
Yes, provided you choose RBI-registered apps or NBFC-backed platforms like Bajaj Finserv, Moneyview, or KreditBee. Always check whether the app discloses its lending partner and terms before applying.
2. Can I get a loan without a CIBIL score?
Yes. Apps like NIRA and Moneyview use alternative credit scoring methods, so first-time borrowers or those with no credit history can still qualify for small-ticket loans.
3. How fast is the loan disbursal through these apps?
Most top personal loan apps in India disburse approved loans within 24 hours. Fibe, CASHe, and KreditBee are known for same-day disbursal in many cases.
4. What is the maximum loan amount I can get through these apps?
It varies. Bajaj Finserv offers up to ₹55 lakh, while apps like Fibe and Moneyview go up to ₹5 lakh. Buddy Loan connects you with lenders that provide up to ₹15 lakh.
5. Do personal loan apps charge hidden fees?
Trusted apps are transparent about processing fees and interest rates. However, lesser-known apps may include hidden charges. Always read the terms and conditions before signing.