10 Best Personal Loan Apps in India for Pre-approved Loans

Last Updated on June 11, 2025 – by monetizedeal

Pre-approved loans are the best way to handle your financial emergencies in no time. With these instant personal loan apps, you can borrow money with a few taps on your phone. They provide quick and convenient funding with 100% digital procedures. There is no need to deal with the hassle of paperwork or collateral.

The best pre-approved loan apps allow you the flexibility to use your funds for various purposes. From medical treatment to wedding expenses, you can utilize it to cover different financial needs. To learn more, explore the top 10 instant loan apps in India for your financial emergencies.

List of Top 10 Instant Personal Loan Apps: –

1. PaySense 

PaySense is a web-based personal loan app that provides short-term instant loans. You can borrow up to 2 lakh rupees for up to 2 years. This app is functional in more than 50 cities in India. Over 10 lakh people are using this app to fulfil their financial needs and prosper in life. 

Once your loan is approved, you can use it for various purposes like mobiles, gadgets, and electronic appliances. You can even use this short-term loan to pay off your credit card bills or travelling expenses. PaySense has partnered with India Infoline and Fullerton to serve salaries as well as business users. 

App Detail:

2. CASHe

CASHe is a cutting-edge fintech app that offers personal loans to help you stitch in time. From EMI payments to monthly bills, this personal loan app allows you to unwind from the financial tension. It is a short-term loan that provides services to young salaried professionals and helps them succeed. 

This best app for loan is powered by a proprietary predictive algorithm called The Social Loan Quotient (SLQ) for the credit profile creation of various consumers. If you’re a GENz corporate employee, this app will give you a short-term loan within minutes. You can borrow money ranging from Rs. 50,000 to 3,00,000 for 1.5 years, based on your need. All you need is a salary slip, bank statement, PAN card, and address proof. 

App Details:

3. MoneyTap

MoneyTap is India’s first credit-based app. It has been in partnership with leading companies for personal loans, credit card facilities, and personal credit apps. If you come from a middle-class family, this app offers short-term loans with quick and affordable interest rates. 

MoneyTap provides flexible EMI options to give credit accessibility to millions of Indians struggling to get loans. You can borrow up to Rs. 5,00,000 with instant withdrawal and pay only 12% per annum as interest rate. 

App Details:

4. Bajaj Finserv

Bajaj Finserv is a non-banking peronal loan app that offers various financial services to consumers like loans, deposits, UPI, bill payments, etc. Users of this app can apply for a wide range of loans that include business, personal, professional, and that too online! Cool, right?

You can get loans ranging from Rs. 35,000 to Rs. 25,00,000, with repayment tenures of 1-2 years. The interest rate varies from 10% to 31% depending on the amount and type of loan. To get the loan, you need to pay the processing fee, which is between Rs. 500 and Rs. 1000. 

App Details:

5. ZestMoney

ZestMoney is an online finance platform that allows you to pay EMIs even without a credit card. This app offers short-term personal loan services with the highest approval rates. ZestMoney has the lowest interest rate and is trusted by more than 11 million users across the country. 

The loan amount ranges from Rs. 1000 to Rs. 10 lakhs without down payment or collateral. You can even use this personal loan app for shopping at 10,000+ online and 85,000 offline stores like Amazon, Myntra, and MakeMyTrip.

App Details:

6. IndiaLends

This online platform provides you with financial products and services like personal loans. Credit cards, gold loans, and many others. Here, they connect you with lenders to help you get the loan at the best deal possible. IndiaLends has partnered with 50+ lenders including PSU, private sector banks, and NBFCs. 

This financial app has value-added services like free credit score checks, big-data analysis, credit risk assessment, and other management services. It can be utilized as a loan comparison platform that varies from lender to lender. Also, the application process is easy and fast. You can log in and take a loan hassle-free.

App Details:

7. LazyPay

LazyPay is an online part of PayU, a leading financial services provider in global growth markets. This is an online platform that provides loan services to unemployed individuals. LazyPay allows its users to borrow amounts starting from Rs. 3000 up to Rs. 5,00,000 with a flexible repayment option. 

At LazyPay, you can make one-tap payments and pay 15 days later. Additionally, you can avail of up to 10,000 instant credit for shopping or bills with interest-free repayment in 15 or 30 days. No physical documents are required to increase your loan limit up to Rs. 5 lakhs. Just complete your KYC and get instant approval. Sound perfect, right? 

App Details:

8. KreditBee

This is an instant Personal Loan platform for self-employed and salaried professionals. You can borrow from Rs. 1000 up to Rs. 5 lakhs as per your financial needs. On this platform, you can get quick loan approval with minimal documentation that does not require more than 15 mins. You can apply online and get your account credited immediately with the respective amount. 

Don’t have a credit card? No problem. You can still get a loan with KreditBee. They offer loans based on various ticket sizes and repayment tenures. People usually need to apply for personal loans for different reasons, such as sudden medical emergencies, festival shopping, or paying their EMIs/bills. Even if it’s something you want for yourself, don’t worry we have got you covered! 

App Details:

9. Upwards 

One of the fastest loan apps, Upwards, is specially designed for salaried employees earning Rs. 20,000 or more per month. You can use this app to apply for a loan ranging from Rs. 25,000 to Rs. 5,00,000. With interest rates between 18% and 32%, you can repay the loan amount within 6 to 24 months. 

Upward’s application process is fairly straightforward and fast which allows you to take a loan in no time. However, you will have to pay a processing fee of up to 2% of the loan amount. The upward loan app takes up to 24 hours for the final approval and 3 to 5 business days for loan disbursal. 

App Details:

10. FlexSalary

Being an easy credit option, FelxSalary is designed to support the financial needs of salaried employees in India. With a credit limit of up to Rs. 3 lakhs, you can take care of all your money requirements. From paying medical bills to going on a vacation, you can have a fast and paperless loan approval on the same day. 

This best loan app sounds too good to be true with its flexible EMIs and no penalty for prepay options. The interest rate for your loan ranges from 18% to 54%. Even if you have a low credit score, you can get it approved for a flexible-term loan to fulfil your fund needs. However, a one-time processing fee of ₹0 to ₹1,250 applies only on your first withdrawal.

App Details:

Top Features of Instant Personal Loan Apps

1. Instant Fund Arrangement: These apps release the funds within hours or minutes of approval. They have a quick procedure that helps you get your money in time, unlike traditional loans from banks. It is a great way to get cash during emergencies without a delay in the course of action. 
2. Simple Application Process: These instant loan apps feature a straightforward application process with clear, easy-to-follow steps. There’s no need to make bank visits to submit forms. Simply enter your basic personal information, such as name, bank account number, and income, and you’re all set! 
3. Flexible Loan Amounts: These apps give you the freedom to customize the loan amount and payment period. Take the loan according to your requirements and take care of your financial needs. Additionally, you can benefit from a flexible tenure to repay the amount at your convenience. 
4. Minimal Documentation: Traditional bank loans require submitting physical copies of income proofs, identity proof, and other documents. Instant loan apps only need your KYC documents, digital income proof, and PAN to process the loan. 
5. Zero Collateral: You need to provide collateral with a valuable asset to proceed with a traditional bank loan. However, there’s no need for collateral while securing a loan from an online loan app. They don’t ask you to pledge your property or another asset as collateral for a mortgage. They use your credit history and income as key factors for the approval of a personal loan.

Conclusion:

Having various online best online loan apps with negligible interest rates and easy EMI options, you can get a pre-approved loan at your convenience. From emergencies to a big purchase, fulfil all your short-term financial needs by applying through these RBI approved loan apps in India. These apps are compatible with Android as well as IOS, so you don’t need to worry about anything! Make your borrowing game with great repayment options and no paperwork. 

FAQs

1. Which app is best for a personal loan?

There are numerous viable options in the financial market for obtaining a loan. However, the best loan app in terms of loan amount is YONO which offers up to Rs. 15 lakhs. It has an interest rate of 14.10% p.a. 

2. How to find the best loan app in India?

You can explore various methods to find the right loan app, such as checking the Play Store ratings, interest rates, RBI approval, and asking your acquaintances. The Monetizedeal blog has listed the best loan apps in India in this article to make your work easier. 

3. How to get 20,000 rupees urgently?

Many personal loan bank apps and NBFCs offer short-term loans on an urgent basis. You can borrow Rs. 20,000 at minimal interest rates and secure your pre-approved loan in no time! 

4. Which app gives a loan very fast?

The best EMI loan apps that offer immediate loans are Kreditbee, LazyPay, and ZestMoney, with loan amounts ranging to Rs. 5,00,000. 

5. How to find RBI approved loan apps in India?

You can check the official website of the pre-approved loan apps to know about RBI approval. We have also listed the best RBI-approved loan apps in this article for your consideration.