Top 10 Personal Loan Applications in India
Explore the top 10 personal loan applications in India for 2025. Compare loan amounts, interest rates, repayment tenures, and features to find the best fit for your financial needs.
Top 10 Personal Loan Applications in India.
Finding the right personal loan app can be challenging with the plethora of options available. Whether you need funds for a medical emergency, home renovation, or wedding, personal loan applications simplify borrowing with minimal paperwork and instant disbursal. This guide highlights the top 10 personal loan apps in India for 2025, focusing on features like loan amounts, interest rates, and repayment options.
Top 10 Personal Loan Applications in India (2025 Edition)
Loan Amount: ₹1 lakh to ₹50 lakhs
Interest Rate: 13% – 28% p.a.
Repayment Tenure: 12 to 84 months
Features: Offers competitive interest rates and flexible repayment options. Its quick disbursal process makes it ideal for high-value personal loans.
Why Choose It: Suitable for salaried and self-employed individuals with varied financial needs.
PaySense
Loan Amount: ₹5,000 to ₹5 lakhs
Interest Rate: 16% – 36% p.a.
Repayment Tenure: 3 to 60 months
Features: Caters to borrowers with no credit history, ensuring wider accessibility.
Why Choose It: Best for first-time borrowers needing small loans.
IndusInd Bank
Loan Amount: ₹30,000 to ₹5 lakhs
Interest Rate: 11% – 30% p.a.
Repayment Tenure: 12 to 60 months
Features: Offers low-interest rates for salaried individuals and a straightforward application process.
Why Choose It: Ideal for borrowers seeking moderate loan amounts at reasonable interest rates.
Tata Capital
Loan Amount: ₹40,000 to ₹35 lakhs
Interest Rate: 10.99% – 35% p.a.
Repayment Tenure: 6 to 84 months
Features: Provides loans with instant approvals and customized plans for different income groups.
Why Choose It: Perfect for borrowers needing larger loan amounts for life events or business needs.
MoneyTap
Loan Amount: ₹3,000 to ₹5 lakhs
Interest Rate: 12% – 36% p.a.
Repayment Tenure: 2 to 36 months
Features: Offers a credit line model, charging interest only on the amount withdrawn.
Why Choose It: Best for those who need a flexible borrowing structure.
KreditBee
Loan Amount: ₹1,000 to ₹5 lakhs
Interest Rate: 16% – 29.95% p.a.
Repayment Tenure: 3 to 24 months
Features: Features rapid approval with cash disbursed within minutes of approval.
Why Choose It: Perfect for emergencies requiring quick funds.
Bajaj Finserv
Loan Amount: ₹20,000 to ₹40 lakhs
Interest Rate: 11% – 37% p.a.
Repayment Tenure: 12 to 96 months
Features: Offers flexible repayment schedules and high loan amounts for premium financial needs.
Why Choose It: Suitable for large expenses like property investments or business growth.
MoneyView
Loan Amount: ₹5,000 to ₹10 lakhs
Interest Rate: 16% – 39% p.a.
Repayment Tenure: 3 to 60 months
Features: Provides fast approval and customizable repayment plans.
Why Choose It: Great for salaried professionals looking for a balance between loan size and tenure.
Fibe (formerly EarlySalary)
Loan Amount: ₹5,000 to ₹5 lakhs
Interest Rate: 19% – 36% p.a.
Repayment Tenure: 3 to 24 months
Features: Specializes in short-term loans with fast disbursal processes.
Why Choose It: Ideal for salaried employees in need of instant cash.
Navi
Loan Amount: ₹10,000 to ₹20 lakhs
Interest Rate: 9.9% – 45% p.a.
Repayment Tenure: 3 to 72 months
Features: Fully digital process ensures instant approvals without documentation hassles.
Why Choose It: Best for tech-savvy borrowers seeking a seamless experience.
FAQs
What is the best app for small personal loans?
KreditBee and MoneyTap are excellent for small loan requirements due to their flexible terms and instant disbursal.
Which app offers the lowest interest rates?
Navi and Tata Capital typically provide the lowest starting interest rates among personal loan apps.
Are these loan apps safe?
Yes, these apps are secure, as they follow RBI guidelines and ensure data protection.
Can I get a personal loan without a credit history?
Yes, apps like PaySense and KreditBee are designed for first-time borrowers without credit history.
How quickly can I receive the loan amount?
Some apps, such as KreditBee and Fibe, disburse loans within 15 minutes of approval.
Also read: Is It Safe to Share Your Documents Online for Instant Personal Loans?
