25 Instant Personal Loan Apps: Features, Benefits, and Comparison

In today's fast-paced world, financial emergencies can occur at any time. Whether it's a medical emergency, a car repair, or a sudden need for cash, personal loans can provide immediate relief. Traditional bank loans can take time to process and are often only available to those with good credit scores. However, instant personal loan apps have emerged as a quick and convenient alternative. In this article, we will take a look at 25 instant personal loan apps and compare their features and benefits.

PaySense: 

PaySense is an instant personal loan app that offers loans of up to Rs. 5 Lakhs. The app has a simple user interface and requires minimal documentation. The loan repayment period can be customized according to the borrower's needs.


KreditBee:

 KreditBee offers instant personal loans of up to Rs. 2 Lakhs. The app uses a proprietary algorithm to assess the borrower's creditworthiness and offers loans based on that assessment. The repayment period can range from 2 months to 15 months.


MoneyTap:

 MoneyTap offers a line of credit to borrowers. The app offers loans of up to Rs. 5 Lakhs and allows borrowers to withdraw money as and when required. The repayment period can be extended up to 36 months.


EarlySalary

: EarlySalary offers instant personal loans of up to Rs. 5 Lakhs. The app uses artificial intelligence and machine learning algorithms to assess the borrower's creditworthiness. The loan repayment period can be extended up to 12 months.


FlexSalary: 

FlexSalary offers instant personal loans of up to Rs. 2 Lakhs. The app allows borrowers to customize the repayment period according to their needs. The loan repayment period can range from 90 days to 365 days.


CASHe: 

CASHe offers instant personal loans of up to Rs. 3 Lakhs. The app offers loans to salaried individuals with a minimum monthly income of Rs. 15,000. The repayment period can range from 15 days to 180 days.


NIRA: 

NIRA offers instant personal loans of up to Rs. 1 Lakh. The app offers loans to salaried individuals with a minimum monthly income of Rs. 20,000. The repayment period can range from 3 months to 12 months.


MoneyView: 

MoneyView offers instant personal loans of up to Rs. 5 Lakhs. The app offers loans to salaried and self-employed individuals. The loan repayment period can range from 3 months to 12 months.


Credy:

 Credy offers instant personal loans of up to Rs. 1 Lakh. The app offers loans to salaried individuals with a minimum monthly income of Rs. 15,000. The loan repayment period can range from 3 months to 12 months.


LoanTap:

 LoanTap offers instant personal loans of up to Rs. 10 Lakhs. The app offers loans to salaried and self-employed individuals. The loan repayment period can range from 6 months to 60 months.


Money in Minutes: 

Money in Minutes offers instant personal loans of up to Rs. 5 Lakhs. The app offers loans to salaried and self-employed individuals. The loan repayment period can range from 3 months to 24 months.


RupeeRedee: 

RupeeRedee offers instant personal loans of up to Rs. 25,000. The app offers loans to salaried and self-employed individuals. The loan repayment period can range from 3 months to 6 months.


Qbera: 

Qbera offers instant personal loans of up to Rs. 25 Lakhs. The app offers loans to salaried individuals with a minimum monthly income of Rs. 20,000. The loan repayment period can range from 12 months to 60 months.

SimplyCash:

 SimplyCash offers instant personal loans of up to Rs. 1.5 Lakhs. The app offers loans to salaried and self-employed individuals. The loan repayment period can range from 6 months to 24 months.


Digibank: 

Digibank offers instant personal loans of up to Rs. 15 Lakhs. The app offers loans to salaried and self-employed individuals. The loan repayment period can range from 12 months to 60 months.


MoneyLoji: 

MoneyLoji offers instant personal loans of up to Rs. 5 Lakhs. The app offers loans to salaried and self-employed individuals. The loan repayment period can range from 3 months to 36 months.


InstaMoney:

 InstaMoney offers instant personal loans of up to Rs. 50,000. The app offers loans to salaried and self-employed individuals. The loan repayment period can range from 3 months to 12 months.


StashFin: 

StashFin offers instant personal loans of up to Rs. 5 Lakhs. The app offers loans to salaried individuals with a minimum monthly income of Rs. 20,000. The loan repayment period can range from 3 months to 36 months.


mPokket:

 mPokket offers instant personal loans of up to Rs. 30,000. The app offers loans to college students and salaried individuals with a minimum monthly income of Rs. 10,000. The loan repayment period can range from 1 day to 3 months.


SmartCoin: 

SmartCoin offers instant personal loans of up to Rs. 50,000. The app offers loans to salaried and self-employed individuals. The loan repayment period can range from 1 month to 6 months.


AnytimeLoan:

 AnytimeLoan offers instant personal loans of up to Rs. 50,000. The app offers loans to salaried and self-employed individuals. The loan repayment period can range from 1 month to 12 months.


Avail Finance: 

Avail Finance offers instant personal loans of up to Rs. 25 Lakhs. The app offers loans to salaried and self-employed individuals. The loan repayment period can range from 3 months to 60 months.


P2P Easy:

 P2P Easy offers instant personal loans of up to Rs. 5 Lakhs. The app offers loans to salaried and self-employed individuals. The loan repayment period can range from 12 months to 36 months.


LoanAdda: 

LoanAdda offers instant personal loans of up to Rs. 20 Lakhs. The app offers loans to salaried and self-employed individuals. The loan repayment period can range from 3 months to 36 months.


Indiabulls Dhani: 

Indiabulls Dhani offers instant personal loans of up to Rs. 15 Lakhs. The app offers loans to salaried and self-employed individuals. The loan repayment period can range from 3 months to 36 months.

Conclusion: In this article, we have discussed 25 instant personal loan apps and their features and benefits. These apps can provide immediate relief during financial emergencies and offer customized loan repayment options. It's important to carefully read the terms and conditions before availing of any loan and to ensure timely repayment to avoid any penalties or negative impact on credit scores.