Best RBI-Approved Personal Loan Apps in India for Salaried and Self-Employed (2026)

Getting a personal loan no longer means standing in a bank queue. Today, you can apply, complete your KYC, and manage repayments from your phone, often with funds in your account within minutes. This is why the share of personal loans from personal loan apps (backed by NBFCs) grew by almost 32% in two years (27.6% to 36.4%). 

The catch is that this boom has also brought a wave of shady apps with hidden charges, aggressive recovery tactics, and data misuse. So how do you tell a safe loan app from a risky one?

We have done the research for you. Here are 20 of the best personal loan apps in India, all run by RBI-regulated banks and NBFCs, compared on interest rates, loan amounts, fees, and the candidates they are best suited for.

20 Best Personal Loan Apps In India (October 2026): A Quick Overview

20 Best RBI-Approved Personal Loan Apps In India For Salaried And Self-Employed (2026)

1. KreditBee: Personal Loans, UPI  ★★★★⯪ (4.6)

KreditBee is a homegrown RBI-approved personal loan app in India, and for all the right reasons, it ranks among the best personal loan apps. With 23 crore+ app downloads and 6.1 crore+ loans disbursed since 2016, it offers personal loans from ₹6,000 to ₹10 lakh at 12% per annum to salaried and self-employed individuals. 

Key Features of KreditBee 

• Broad Loan Amount Range (₹6,000 to ₹10 Lakhs): KreditBee offers personal loans from ₹6,000 to ₹10 Lakhs, catering to a wide range of borrower needs.
• Low Interest Rates (Starting at 12%): It offers online personal loans with one of the best interest rates in the digital lending industry at 12%* p.a.
• Hassle-Free Loan Processing: The complete KreditBee personal loan process can be completed from the comfort of the borrower’s home, with minimal to no branch visits and documentation. 
• Flexible Repayment Options (6-60 months): The app offers flexible repayment options, so borrowers can manage their EMI (Equated Monthly Installment) better and choose a loan tenure (6 months to 5 years) that suits their needs.
• Processing Fee (Up to 4.7%): The processing fee for KreditBee’s personal loan can go up to 4.7%. 
• Highly Rated Personal Loan App: KreditBee is a highly rated personal loan app in India, with a Google Play Store rating of 4.6 and an Apple App Store rating of 4.4, with a positive sentiment among its users.
• Best For: Salaried, self-employed, and early-career borrowers with a modest income who want a wide loan range with a long repayment tenure, including those with a thinner credit history.
• App Download Link: KreditBee Instant Personal Loan App
• Customer Support: +91 99648 12222, help@kreditbee.in

• Broad Loan Amount Range (₹6,000 to ₹10 Lakhs): KreditBee offers personal loans from ₹6,000 to ₹10 Lakhs, catering to a wide range of borrower needs.
• Low Interest Rates (Starting at 12%): It offers online personal loans with one of the best interest rates in the digital lending industry at 12%* p.a.
• Hassle-Free Loan Processing: The complete KreditBee personal loan process can be completed from the comfort of the borrower’s home, with minimal to no branch visits and documentation. 
•  Flexible Repayment Options (6-60 months): The app offers flexible repayment options, so borrowers can manage their EMI (Equated Monthly Installment) better and choose a loan tenure (6 months to 5 years) that suits their needs.
• Processing Fee (Up to 4.7%): The processing fee for KreditBee’s personal loan can go up to 4.7%. 
• Highly Rated Personal Loan App: KreditBee is a highly rated personal loan app in India, with a Google Play Store rating of 4.6 and an Apple App Store rating of 4.4, with a positive sentiment among its users.
• Best For: Salaried, self-employed, and early-career borrowers with a modest income who want a wide loan range with a long repayment tenure, including those with a thinner credit history.
• App Download Link: KreditBee Instant Personal Loan App
• Customer Support: +91 99648 12222, help@kreditbee.in   

 User Reviews of KreditBee

“I had a really great experience with KreditBee. The interest rate offered to me was much better than I expected, and the overall pricing was also surprisingly reasonable. The app is very easy to use, the process is smooth, and everything was quite straightforward. Honestly, I’m really satisfied with the service. You can definitely trust KreditBee and give it a try without hesitation!” — User Review 

2. Zype Instant Personal Loan App ★★★★⯪ (4.6)

Zype is another personal loan app that is popular in India. It offers personal loans (up to ₹5 Lakhs)  at an APR (Annual Percentage Rate) between 18% and 34% per annum. The complete loan process is digitised, with every stage running through the app itself.

Key Features of Zype

• Loan Amount (₹6,000 to ₹10 Lakhs): Zype offers personal loans ranging from ₹6,000 to ₹10 Lakhs.
• Interest Rate (Starting at 18%): The personal loan app has an interest rate of 18%. However, the APR (of 34% p.a.) and the processing fee (of 2%-6%) can impact the sanctioned loan amount. 
• Zero Foreclosure Charges: One of the most unique features of Zype is that it has a policy of “Zero Foreclosure Charges”.  
• Repayment Tenure (6-36 months): Borrowers can choose the loan tenure between 6 months and 3 years. 
• Best For: Salaried borrowers with a credit score of 650 or above who want a quick, paperless loan of up to ₹5 lakh with a short to mid-length repayment term. 
• App Download Link: Zype 
• Customer Support: +91 8035018179, support@getzype.com 

User Reviews of Zype  

“I recently took a loan through the Zype app, and I’m really satisfied with my experience. The entire process was very quick, simple, and customer-friendly. From loan application and processing to disbursement, everything was completed smoothly and within a short time. I especially appreciate the fast processing and hassle-free service. The app is easy to use, and the overall experience was excellent. Highly recommended for anyone looking for a quick and convenient loan service.” — User Review 

3. Lendingplate Personal Loan App ★★★★⯪ (4.5)

Lendingplate is a digital loan app offering personal loans from ₹10,000 to ₹2.5 Lakhs, with the loan tenure ranging between 3 and 15 months. This app is exclusively for salaried individuals and works on a risk-based model, meaning that the pricing differs between borrowers.

Key Features of Lendingplate

• Loan Amount (₹10,000 to ₹2.5 Lakhs): The digital lending platform offers personal loans from ₹10,000 to ₹2.5 Lakhs, with a tenure of 3 to 15 months.
• Lower Interest Rates for Good Behaviour: Lendingplate has risk-based pricing, and the interest rates start from 12%. Repeat borrowers with good repayment behaviour can avail personal loans at a lower interest rate and processing fee.
• Two Upfront Fees (1-5% Processing Fee + 1-5% Conversion Fee): This personal loan app has two upfront fees, named processing fee and conversion fee (each ranging from 1% to 5%).
• Loan Tenure (3-15 months): The personal loan tenure can be chosen between 3 and 15 months. 
• Best For: Salaried individuals who need a quick, short loan with a hassle-free process.
• App Download Link: Lendingplate
• Customer Support: +91 7373737316, care@lendingplate.com  

User Reviews of Lendingplate

“This is a reliable option when it comes to repeat loans. It has transformed the way a user can access credit, especially when you're in urgent need. Thanks to the best ui they have, as well as the notifications they send from time to time. My last loan was closed almost 1 yr ago & I used to get a notification sms that I was already eligible for this loan. When I applied for this then the only thing I updated was my bank statement; the rest was already with them & got the amount in just 24 hours.” — User Review 

4. Pocketly Instant Personal Loan ★★★★⯪ (4.5)

Pocketly is an instant loan app that caters primarily to young borrowers such as students, freshers, freelancers, and young salaried professionals. This app generally offers small-ticket loans up to ₹50,000, with the process fully digitised. 

Key Features of Pocketly

• Small Loan Amount (₹1,000 to ₹50,000): Pocketly’s personal loans are small-ticket loans ranging from ₹1,000 to ₹50,000, based on the borrower’s eligibility criteria.
• Short Repayment Tenure (61 days to 9 months): The repayment tenure is short (usually between 61 days and 9 months).
• High Interest Rates (2-3% per month): Pocketly’s interest rate is 2-3% per month.
• Processing Fee (Up to 7.5%): The personal loans come with a processing fee up to 7.5%.
• Best For: Students, first-time earners, and freelancers who need a small, short-term loan quickly, with no CIBIL score required to apply. 
• App Download Link: Pocketly
• Customer Support: +91 8904051555, support@pocketly.in 

User Reviews of Pocketly

“Compared to other lending apps targeting young adults, the interest rates on Pocketly are quite competitive and reasonable for short-term personal credit. The calculation is transparent, and there are no hidden annual platform charges attached later on. If you manage your repayments responsibly, it is one of the most affordable options in the market.” — User Review

5. Moneyview: UPI, Personal Loans ★★★★⯪ (4.8)

Moneyview is another popular personal loan app in the Indian digital lending industry. It offers personal loans from ₹5,000 to ₹10 lakh. Moneyview’s personal loan offers are personalised based on a credit model for both self-employed and salaried individuals. 

Key Features of Moneyview

• Broad Loan Range of ₹5,000 to ₹10 lakh: Moneyview offers a broad loan range (₹5,000 to ₹10 lakh), meaning it caters to a wide range of borrowing requirements. 
• Allowed Foreclosure after Fixed EMIs: The loan app offers early closure (foreclosure) only after a minimum number of EMIs. However, Moneyview has stringent overdue interest (2% p.a.) and a ₹500 penalty on every cheque bounce.
• Interest Rate: This personal loan app’s interest rate starts from 14% p.a. The final interest rate depends on the borrower’s credit profile and the lending partner. 
• Repayment Period (3 - 60 months): Moneyview’s loan tenure can run from 3 months to 5 years. 
• Processing Fee (2.5% onwards): This fee, also called the facilitation fee, starts from 2.5% of the sanctioned loan amount.
• Best For: Borrowers with a strong credit history, be it salaried or self-employed.
• App Download Link: Moneyview 
• Customer Support: +91 8069390476, care@moneyview.in 

User Reviews of Moneyview

“I had a very good experience with Moneyview. The loan application process was simple, quick, and completely online. I received the loan amount directly into my bank account without much hassle. The app is easy to use and the overall process was smooth and convenient. Thank you Moneyview for helping me when I needed financial support. I would definitely recommend the app to others looking for a personal loan.”  — User Review            

6. Bajaj Finance: UPI & Loan App ★★★★⯪ (4.7)

Bajaj Finance’s personal loan app lets borrowers apply for big-ticket loans (up to ₹55 lakhs) on their app. The personal loan interest rate starts at 10% p.a. at Bajaj Finance. This app sits inside the Bajaj Finserv ecosystem, where EMI cards, payments, insurance, and investments are also handled. 

Key Features of Bajaj Finance

• High Loan Amount (up to ₹55 lakhs): Bajaj Finance is a personal loan app that is known for larger personal loan amounts (up to ₹55 lakhs)  and longer tenures (as long as 8 years) than other digital loan apps in the market.
• Interest Rates (10% to 31% p.a.): The interest rate of the personal loans offered by Bajaj Finance lies between 10% and 30% p.a. Also, their Insta Personal Loan (variant) offers loans at 16-31% p.a.
• Loan Tenure (Up to 8 years): The loan tenure of these personal loans can extend as long as 8 years. 
• Processing Fee (Up to 3.93%): Bajaj Finance’s processing fee can go up to 3.93% of the approved loan amount.  
• Best for: The standard personal loan offered by Bajaj Finance is for salaried individuals. Self-employed individuals can find the main product harder to access.
• App Download Link: Bajaj Finance 
• Customer Support: +91 9156366861, mobility@bajajfinserv.in 

User Reviews of Bajaj Finance

“I like how easily payments can be made in some cases. However most of the time it shows trouble while making payment from bank. It stops whenever you want to make two consecutive payments. Also, cashback and rewards were good before but they are no longer useful, relevant or good. The four offers you get after payment are all bad and not useful. Also, they ask to complete tasks for cashback and even if you do, you will not get the offered cashback.” — User Review

7. Paisabazaar: Credit Score, Loans & Mobile Recharge ★★★★⯪ (4.6)

Paisabazaar isn’t a lender but a loan marketplace. The Paisabazaar personal loan app allows borrowers to compare offers from a pool of 30+ NBFCs and banks, check their eligibility (without affecting their credit score), and apply through their app. 

Key Features of Paisabazaar

• Loan Marketplace: Paisabazaar app offers a platform where borrowers can compare personal loans from more than 30 NBFCs and banks, with their processing fees, maximum loan amounts, and loan tenures all side by side.
• Higher Loan Amount (₹ 10,000 to ₹ 50 Lakhs): This personal loan app offers online loans ranging from ₹ 10,000 to ₹ 50 Lakhs. The personal loan a borrower can avail depends heavily on their credit history and lender policies. 
• Varied Interest Rates (9.99% to 30% p.a.): Although the interest rate offered starts from 9.99% p.a., it can go up to 30% p.a. The starting interest rate is for borrowers with a high credit score. 
• Processing Fee (Up to 4%): The processing fee charged can be up to 4% of the sanctioned amount. 
• Repayment Tenure (1-84 months): The loan tenure can start at 1 month and extend up to 84 months. 
• Best For: It is best for borrowers who want to compare offers from 30+ lenders and make an informed decision before committing to any one. 
• App Download Link: Paisabazaar
• Customer Support: +91 124 3509999, psbmobileteam@gmail.com 

User Reviews of Paisabazaar 

“If I had to pick one thing I like most about Paisabazaar, it would be how easy it makes credit monitoring. I can check my CIBIL score and go through my credit report without feeling lost. I also like having access to multiple bureau scores in one place. It saves time and gives me a much better understanding of my overall credit profile.” — User Review

8. Navi: UPI, Payments, Insurance ★★★★⯪ (4.6)

The Navi personal loan app is backed by Navi Finserv (NBFC) and offers cash loans up to ₹20 lakhs. Interest rates go up to 29.96% p.a., and the loan tenure can extend up to 84 months (without any foreclosure charges). It is best suited for borrowers with a large ticket and flexible tenure requirements. 

Key Features of Navi

• Loan Amount (up to ₹20 lakhs): Navi personal loans go up to ₹20 lakhs.
• Interest Rate (Up to 29.96% p.a.): The interest rate can go as high as 29.96% for Navi personal loans. 
• Processing Fee of 6%: The processing fee for these personal loans extends up to 6%.
• Loan tenure (up to 8 months): Personal loan tenure from Navi’s loan app extends to 84 months. However, borrowers should know that longer tenures can increase the total interest paid. 
• Best For: Borrowers who are comfortable with a fully digital personal loan journey and want a higher ticket loan.
• App Download Link: Navi
• Customer Support: +91 8147544555, help@navi.com 

User Reviews of Navi

“Navi is a fast, reliable UPI app that combines seamless daily payments with instant access to personal loans, mutual funds, and digital gold. It offers attractive rewards and clean navigation, though frequent financial product promotions can occasionally feel cluttered. It is an excellent choice for convenient all-in-one money management.” — User Review

9. Fibe: Instant Personal Loan

Fibe is another digital lending platform that offers hassle-free personal loans up to ₹10 lakhs. It offers these digital loans through its RBI-registered NBFC partners. The complete personal loan journey is in its app. Interest rates start from 18% p.a., with loan tenures ranging from 6 to 36 months.

Key Features of Fibe

• Loan Range (up to ₹10 Lakh): The personal loan amount of Fibe goes up to ₹10 lakh.
• Loan Tenure (6-36 months): The tenure of Fibe personal loans ranges between 6 and 36 months. 
• Interest Rate from 18% p.a. onwards: The APR starts at 18% p.a. onwards (charged on a reducing balance). 18% p.a. is just the starting rate, but borrowers with weaker credit history can see higher interest rates. 
• Processing Fees (2% onwards): The processing fees start from 2% (plus GST)  and stamp duty of 0.1% (depends on the state). 
• Free Foreclosure: Fibe offers free foreclosure. 
• Best For: It is best for borrowers who expect to close their personal loans early.
• App Download Link: Fibe
• Customer Support: +91 2067639797, care@fibe.in 

User Reviews of Fibe

“This app has been really helpful for me. The payment process is simple, and there are great offers available. I always managed my bills on time, but after I started working at a restaurant and living paycheck to paycheck, my credit score dropped. It also became difficult ificult to to make make new purchases without worrying about extra overdraft charges.” — User Review        

10. Kissht Quick Personal Loan App  ★★★★⯪ (4.9)

Kissht is a digital personal loan app, backed by OnEMI Technology Solutions Limited, offering instant, unsecured personal loans ranging from ₹10,000 to ₹5 lakh. The interest rate per month starts at 1%, with a processing fee up to 7%. 

Key Features of Kissht

• Loan Range (₹10,000 to ₹5 Lakh): The personal loan amount of Kissht goes from ₹10,000 up to ₹5 lakh, depending on your credit profile, income, and repayment capacity.
• Loan Tenure (6 to 60 months): The tenure of Kissht personal loans ranges between 6 and 60 months.
• Interest Rate from 1% per month onwards: The starting rate is 1% per month, and the APR ranges from 17% to 45% depending on credit score, income, and tenure. 1% per month is just the starting rate, but borrowers with a weaker credit profile can see higher rates.
• Processing Fees (up to 7%): In Kissht's own example, a ₹1 lakh loan at 15% p.a. for 12 months carries a ₹3,000 (3%) processing fee including GST, with an EMI of ₹9,025.83 and an APR starting from 19%. Fees for other loan amounts aren't listed on the page, so the exact fee is worth checking before accepting an offer.
• Best For: It is best for self-employed borrowers and small business owners who want a quick, low-paperwork loan, provided they compare the APR rather than the starting rate.
• App Download Link: Kissht
• Customer Support: +91 9987098876, care@kissht.com 

User Reviews of Kissht

“Kishit Loan is a simple and user-friendly app. It offers quick loan approvals with minimal paperwork, which is very helpful during emergencies. However, the interest rates may be a bit high, so it's important to read the terms and conditions carefully before taking a loan. The customer support is also good, although there can sometimes be delays in loan disbursement. Overall, it's a good option if you need money quickly, but make sure to read all the terms carefully.” — User Review 

11. True Balance- Loan App & UPI ★★★★⯪ (4.6)

True Balance is another personal loan app that is operated by Balancehero India Pvt. Ltd. It offers quick and hassle-free personal loans from True Credit (NBFC Partner) and other lending partners. 

Key Features of True Balance

• Loan Amount (₹5,000 to ₹2 Lakh): True Balance Cash Loans range from ₹5,000 to ₹2 Lakh. The maximum amount you can avail depends on the borrower’s credit score.
• Loan Tenure (6-24 months): This personal loan app’s loan tenure ranges between 6 and 24 months.
• Interest Rate starts from 2.4% per month: The personal loan interest rate starts from 2.4% per month.
• Up to 8.4% Processing Fees: True Balance personal loans charge a processing fee of 8.4% (maximum) to borrowers. 
• Best For: True Balance personal loan is best for short-term, small loans with a monthly interest rate.
• App Download Link: True Balance 
• Customer Support: +91 7428196828, cs@balancehero.com  

User Reviews of True Balance

“I really liked this app. I used TrueBalance for the first time and, although the interest rate is a little higher, I honestly found it better than Moneyview. One thing I really appreciate is that if you don’t have sufficient balance in your account for auto-debit, they provide a default period of at least one week so that you can make the payment manually, with an additional ₹75 overdue charge. They don’t add unnecessary penalty and bounce charges like Moneyview does. Thanks Truebalance” — User Review     

12. Piramal Finance- Loans & More ★★★★⯪ (4.6)

Piramal Finance is an established NBFC, offering personal loans through its app, ranging from ₹50,000 to ₹25 Lakh at an interest rate starting from 12.14% p.a. The prepayment charges are 3% plus GST. A failed repayment costs ₹750, changing the EMI date costs around ₹1,000, and overdue EMI collection charges are ₹500.

Key Features of Piramal Finance  

• Loan Amount (₹50,000 to ₹25 Lakh): The Piramal Finance app lets the borrower avail personal loans between ₹50,000 and ₹25 Lakh. 
• Loan Tenure of 9 to 60 months: The tenure of personal loans runs from 9 months to 5 years. 
• Interest Rate (12.14% p.a. onwards): The mentioned personal loan interest rate is 12.14% p.a. onwards. That means the interest rate depends on the borrower’s credit score, loan tenure, and income. 
• Processing Fee of up to 5%: A processing fee of up to 5% plus taxes is charged, which adds to the effective cost. 
• Best For: The Piramal Finance personal loan is best for people who are salaried or self-employed with a strong credit score. It is apt for individuals who want a high-ticket loan with a longer tenure with no plans to prepay. 
• App Download Link: Piramal Finance
• Customer Support: +91 8002666444, customercare@piramal.com 

User Reviews of Piramal Finance

“Good for an instant loan, I can't find the option to pay dues manually e.g. In advance. pls add this feature too in upcoming updates.“ — User Review

13. LazyPay: Loan App & Pay Later ★★★★⯪ (4.3)

LazyPay app offers personal loans through its product XpressLoan. The loans are extended by PayU Finance India Pvt. Ltd. Eligible borrowers can avail personal loans of ₹3,000 to ₹5 lakh, with the entire journey handled in the app.

Key Features of LazyPay (XpressLoan):

• Loan Amount (₹3,000 to ₹5 Lakh): LazyPay’s XpressLoan ranges between ₹3,000 and ₹5 Lakh, suitable for both large and small cash gaps.
• Loan Tenure (3-24 months): The loan tenure can range from 3 to 24 months.
• Interest Rate ranges between 12% and 36% p.a.: The personal loan interest rate ranges from 12% to 36% per annum.
• Up to 2% Processing Fees: XpressLoan has a processing fee of 2%.
• Best For: Borrowers who want small to big ticket loans and want a flexible solution to bridge their cash gaps.
• App Download Link: LazyPay
• Customer Support: +91 9160844562, hello@lazypay.in 

User Reviews of LazyPay

“App is good, but looks like it's banking on the fact that you will forget to pay on time. They make money, when you are a few days late to pay, overdue fees. I see notifications, after the fee has been charged. If I get notified few days before, I can pay it on time It's feels it's been done on purpose. I plan to stop using this app.” — User Review

14. Stashfin UPI, Pay Bills, Loans ★★★⯪ (3.7)

Stashfin is a digital lending app that offers instant personal loans of up to ₹5 lakh. Powered by Akara Capital Advisors Private Limited and other partners, this personal loan app lends to both non-salaried and salaried individuals. Stashfin offers personal loans at 0% interest for the first 30 days, then charges an interest rate starting at 11.99% p.a. 

Key Features of Stashfin

• Loan Limit (up to ₹5 Lakh): Borrowers can avail personal loans up to ₹5 Lakh without any collateral. But the limit depends on the candidate's credit score. 
• Interest Rate (at 0% for the first 30 days, followed by 11.99% p.a.): Stashfin’s interest for personal loans is nil for the first 30 days, followed by a rate starting from 11.99% p.a. 
• Personal Loan Tenure: Loan tenure for this personal loan app ranges from 3 months to 48 months. 
• Dual Fees (Platform Fee of 2.85% + Transaction Fee of 3%): Instead of a processing fee, there are two fees charged for the Stashfin personal loan, which come down to around 7% of the loan amount. 
• Best For: Stashfin is best for borrowers who want short-term loans and intend to repay within the 30-day window. It is also an excellent option for those who want to prepay without incurring any charges (as Stashfin offers personal loans with no foreclosure charges).
• App Download Link: Stashfin
• Customer Support: +91 9643200005, app@stashfin.com 

User Reviews of Stashfin

“Stashfin is a useful app if you need quick access to short-term loans. The application process is simple, fully digital, and approval is fast. I like that you can get a credit line and use only what you need instead of taking a full loan. The app also provides features like credit score tracking and flexible repayment options, which are helpful for managing finances.” — User Review

15. mPokket: Instant Loan App ★★★★⯪ (4.6)

mPokket is an Indian personal loan app that caters to students (with part-time jobs), interns, salaried professionals, freshers, and self-employed borrowers. It offers personal loans ranging from ₹5,000 to ₹2 Lakh, with an interest rate between 10% and 36% p.a. Both the loan amount and interest rate depend on the borrower’s credit score. 

Key features of mPokket 

• Loan Amount (₹5,000 to ₹2 Lakh): mPokket personal loans are available from ₹5,000 and can extend up to ₹2 Lakh, depending on the borrower's eligibility. 
• Interest Rate (10% p.a. to 36% p.a.): The interest rate is between 10% and 36% annually. While the lower interest rates are offered to borrowers with a stronger credit profile, a new borrower or a person with a bad credit score may face higher rates.
• Loan Tenure (3 - 36 Months): It offers a loan tenure between 3 months and 36 months.  
• Processing Fees (Starting from ₹37.5 + 18% GST): The processing fees for mPokket personal loans start from ₹37.5 + 18% GST, and it deviates as per the loan amount.
• Best For: mPokket instant cash loans are best for early career professionals, students, and freshers who need a small loan with minimal paperwork. 
• App Download Link: mPokket
• Customer Support: +91 91471 63607, info@mpokket.com 

User Reviews of mPokket

“I have used other loan apps where they ask you to foreclose your existing loan by promising another loan afterward. But once you foreclose, they may ditch you when you need them the most, leaving your savings gone and no support. My experience with this app has been completely different. Whenever I was in a difficult situation, this app helped me. I have never been disappointed when I genuinely needed financial assistance. The loan amount has also usually reached my account within an hour.” — User Review

16. Olyv-Instant Personal Loan App ★★★★⯪ (4.7)

Olyv is a digital lending platform that connects borrowers with lenders that provide personal loans up to ₹5 Lakh. Olyv’s personal loans are issued by RBI-registered NBFC lending partners, making it a service provider rather than a lender. One can avail interest rates starting from 1.5% per month, with a processing fee ranging from 2% to 15%. 

Key Features of Olyv

• Loan Range (Up to ₹5 Lakh): One can borrow up to ₹5 Lakh from Olyv without a guarantor or any collateral. 
• Interest Rate (1.5% per month onwards): The interest rate on the personal loans starts from 1.5% per month, which comes down to around 18% annually. 
• Repayment Tenure (Up to 24 Months): Olyv offers loan tenure up to 24 months, with fixed monthly EMIs. 
• Processing Fees ( 2% - 15%): The processing fee ranges from 2% to 15% of the loan amount, depending on the lender's policy. 
• Best For: Olyv personal loans are best for borrowers with a thin credit history and modest income.
• App Download Link: Olyv
• Customer Support: +91 9148380504, help@smartcoin.co.in 

User Reviews of Olyv

“I use this app every year for the kids' summer camp expenses. This would be 3rd summer when I will apply for a loan here and I am confident that the amount will be credited evenever I need it. Summer camp is becoming an essential activity for the kids, as they should develop additional skills during this time. But there is no emi option with these camps, so I have to take a loan and repay in a few months. This practice also helps me to manage my budget and allows me to stay relaxed. How's that!!” — User Review

17. PaySense: Personal Loan App ★★★ (3.0)

PaySense is another popular personal loan app in India that merged with LazyPay in 2020 as PayU’s consumer lending business. This app offers personal loans between ₹5,000 and ₹5 Lakh. Personal loans through PaySense are issued by its partner Banks and NBFCs. The interest rate lies between 14% and 36% annually. 

Key features of PaySense

• Loan Amount (₹5,000 - ₹5 Lakh): While PaySense offers loans between ₹5,000 and ₹5 Lakh, the maximum limit of borrowing depends on the borrower’s credit line. 
• Interest Rate (14% p.a. to 36% p.a.): PaySense’s personal loan interest rate lies between 14% p.a. and 36% p.a. The interest rate is only revealed upon checking the borrower’s eligibility. 
• Loan Tenure (3 months - 60 months): The personal loan can be availed for repayment periods between 3 and 60 months. 
• Processing Fee (up to 3%): PaySense’s processing fee can go up to 3% plus GST. 
• Best For: As PaySense provides repeat personal loans at one click, it is extremely useful for repeat borrowers who want a hassle-free personal loan journey.
• App Download Link: PaySense
• Customer Support: +91 9160844562, support@gopaysense.com 

User Reviews of PaySense

“The loan process too long... They taken one week for verification... Seems that there is lot of communication gap... I received same clarification calls from different relationship manager and they done multiple physical verification with different person for same location. Finally myself denied that loan. But they simply updated in their app that your loan is rejected without proper reason.” — User Review

18. Finnable: Loan & Credit Score ★★★★⯪ (4.5)

Finnable is a personal loan app for salaried professionals and offers loans up to ₹10 lakh. The interest rates of Finnable personal loans lie between 15% p.a. and 30.99% p.a. The loan tenure of this personal loan app is between 6 and 60 months. 

Key Features of Finnable

• Loan Range (₹25,000 - ₹10 Lakh): Finnable offers high-value loans of up to ₹10 lakh, with fixed EMIs. The limit you receive depends on the borrower’s salary and credit profile. 
• Interest Rate (15% p.a. - 30.99% p.a.): The interest rate this personal loan app charges is between 15% and 30.99% p.a. 
• Repayment Tenure (6 - 60 Months): Finnable offers flexible loan tenure in the range of 6 months to 5 years. 
• Processing Fee (Up to 3%): The app charges a processing fee up to 3% on the personal loan amount. 
• Best For: Finnable is best for salaried professionals with a decent credit score.
• App Download Link: Finnable
• Customer Support: +91 9900119762, info@finnable.com 

User Reviews of Finnable

“I had a wonderful experience when I needed a loan urgently. But since the disbursal, the attitude of the team has gone done drastically. My messages don't get acknowledged. They record payments late. They add multiple accounts which affects your credit score very badly. Too many things that are going wrong too often. It's a great app, but only if you have nowhere else to get your money from. Even the interest rates are insanely high, only recommended if it's an emergency” — User Review

19. CASHe: Quick Personal Loan App ★★★★⯪ (4.3)

CASHe is a digital lending app that caters to salaried individuals, offering personal loans of up to ₹3 lakh. The interest rate starts at 2.79% per month. The loan tenure generally spans between 3 and 18 months. 

Key features of CASHe

• Loan Amount (₹45,000 - ₹3 Lakh): The personal loan amount offered by CASHe ranges between ₹45,000 and ₹3 Lakh, depending on the creditworthiness of the borrower. 
• Interest Rate (2.79% per month onwards): CASHe’s personal loan interest rate starts at 2.79% per month, which comes down to around 33% per annum. 
• Repayment Tenure (3-18 months): The personal loan tenure can be chosen between 3 and 18 months. 
• Processing Fee: The processing fee for the CASHe personal loan is charged up to 5.5% of the loan amount. 
• Best For: It is best for new salaried borrowers (New to Credit) with no or very little credit history.
• App Download Link: CASHe
• Customer Support: +91 4067294600, support@cashe.co.in 

User Reviews of CASHe

“This was one of the best app in the market, but I don't know what is wrong with them, my loan is under processing since last 6 days. Received a mail that loan is approved and there is a delay due to technical issue in disbursement. Now, i don't know when it will be reimbursed. No number to connect only stupid chat box which is completely useless. Cashe, please resolve your issues and kindly disburse my loan amount.”  — User Review

20. Lenditt: Personal Loan App ★★★★⯪ (4.1)

Lenditt is an online loan app from Lenditt Innovations & Technologies Pvt. Ltd., offering personal loans up to ₹5 Lakh at an interest rate starting from 28% p.a. The loans of Lenditt are issued by partnered NBFCs, with an approach that requires minimal paperwork. 

Key Features of Lenditt

• Loan Amount (₹10,000 - ₹5 Lakh): The ceiling amount for Lenditt personal loan is ₹5 Lakhs, and it starts from ₹10,000. The amount offered varies with the creditworthiness of the borrower. 
• Interest Rate (28% - 36% p.a.): Lenditt offers personal loans at an interest rate starting from 28% p.a., and it can extend up to 36% p.a.
• Loan Tenure (3-18 months): The loan tenure can range between 3 and 18 months. 
• Processing Fee (Up to 5%): The processing fee can be up to 5% of the sanctioned personal loan amount. 
• Best For: It is well-suited for borrowers who need a quick, small loan for a specific purpose. 
• App Download Link: Lenditt
• Customer Support: +91 8488886341, info@lenditt.com   

User Reviews of Lenditt

“have been using Lenditt for a long time and it's been easy and fast. But recently I have been experiencing an error in uploading my bank statement which is strange. I have emailed, called and left a message, no response yet. It's frustrating when you need funds in emergency. If a customer who has been using your app for long, atleast have the decency to reply or find resolution. It's really disappointing. Still nobody has come forward to help me with the error.” — User Review                    

What Is The Eligibility Criteria Of These Best Personal Loan Apps In India?

The general eligibility criteria of the best personal loan apps in India, like those of KreditBee, are as follows:

• Indian citizen
• 21 years and above
• Minimum income of ₹10,000 (monthly)
• Minimum household income of ₹25,000 (monthly)
• Government ID and address proof
• Mobile number linked to Aadhaar card

For salaried individuals, the eligibility criteria for a personal loan from KreditBee are as follows: 

• Indian citizen
• 21 years and above
• An active employee with regular or permanent employment status
• Minimum salary of ₹10,000
• More than ₹25,000 monthly household income
• At least 3 months of work experience in the current company
• Valid government ID and proof of address
• Mobile number linked to Aadhaar

For self-employed individuals, the personal loan eligibility criteria at KreditBee are as follows:

• Indian citizen
• Age between 21 and 60 years
• Minimum monthly income of ₹10,000
• Must possess a PAN card
• Proof of address (Passport or Aadhaar)

What Are The Documents Required For Availing Loans From Personal Loan Apps In India?

Applying for a personal loan through digital lending apps in India has become significantly streamlined, with most RBI-approved platforms requiring minimal, fully digital paperwork.

Typically, lenders verify your identity, residency, and financial stability via e-KYC and digital account aggregators to disburse funds straight to your bank account.

The exact documentation varies slightly depending on whether you are a salaried professional or self-employed:

Documents Needed for Salaried Employees

You will need to provide one document from each of the following categories:

1. Proof of Identity: Passport, Voter's ID, PAN Card, Driving License, or [Redacted]
2. Address Proof: Passport, [Redacted], Utility Bill, Ration Card, or Driving License
3. Proof of Home Ownership: Property documents, Electricity bill, or Maintenance bill
4. Proof of Income: Salary slips for the last three months along with Form 16, or bank statements for the previous six months
5. Proof of Job Stability: Employment certificate from the current employer, certificate of experience, or appointment letter from the current employer
6. Photograph: One passport-size coloured photograph

Note: One document required from each category.

Documents Needed for Self-Employed Individuals

You will need to provide one document from each of the following categories:

1. Proof of Identity: Passport, PAN Card, Driver's License, or Voter's ID
2. Address Proof: Passport, [Redacted], Ration Card, or Utility Bill
3. Proof of Home Ownership: Documents proving ownership, Utility bills, or House maintenance bills
4. Office Address: Maintenance bill, Property documents, or Utility bill
5. Proof of Ownership of the Office: Maintenance bill, Property documents, or Electricity bill
6. Proof of Authenticity of the Business: Shop establishment proof
7. Proof of Income: Income Tax Returns or Form 16
8. Bank Statement Verification: RBI Approved Account Aggregator Process or standard Bank Statement
9. Photograph: One coloured passport-size picture

Note: One document required from each category.

The Verdict

Every personal loan app mentioned in this list has its own set of advantages and disadvantages. It is what’s best for you makes all the difference in your personal loan journey. However, there are certain things that you must check before borrowing from one. 

Always remember to check their: 

• Updated processing fee
• Personal loan interest they are charging you (and the APR or Annual Percentage Rate)
• EMI bounce charges 
• Foreclosure charges (if they have one)
• Overdue EMI charges
•  Flexibility of repayment methods
• Terms and conditions

Seeking these points before borrowing can simplify your borrowing experience, helping you make the informed decision you deserve.  

Frequently Asked Questions About Personal Loan Apps In India

1. Which Personal Loan Apps Offer The Lowest Interest Rates In India?

Personal loan apps like KreditBee, Lendingplate, and Piramal Finance offer the lowest interest rates at around 12% p.a. Stashfin offers 0% for the first 30 days, then rates from 11.99% p.a.  

2. Best Personal Loan Apps With Quick Disbursal

KreditBee, Kissht, and Stashfin are known for fully digital journeys with fast approvals and minimal paperwork.

3. Which Personal Loan Apps Are Safe, Trusted, And RBI-Approved in India?

KreditBee is a homegrown RBI-approved app, and Bajaj Finance, Piramal Finance, and Navi are backed by established NBFCs. Fibe and Olyv lend through RBI-registered NBFC partners.

4. How to verify a loan app before you install it?

Check that the lender or its NBFC partner is RBI-registered and that the app clearly discloses interest, APR, and processing fees. Also review the Play Store rating and recent user reviews for complaints about hidden charges or poor support.

5. Which is a safe loan app?

KreditBee, Bajaj Finance, and Piramal Finance are safe choices, as they are RBI-approved or run by established NBFCs with transparent terms. Always confirm the lending partner's RBI registration before applying.

6. Which are the best personal loan apps for salaried employees?

KreditBee, Moneyview, Bajaj Finance, Paisabazaar, and Piramal Finance suit salaried borrowers, with high loan limits and flexible tenures. Zype and Lendingplate are good for quick, shorter-term loans.

7. Which are the best personal loan apps for students?

Personal loan apps like KreditBee and mPokket are built for students with part-time jobs, interns, and freshers, offering loans from ₹5,000 to ₹2 Lakh. Pocketly offers small loans up to ₹50,000 with no CIBIL score required to apply.

8. Can I apply for a personal loan through apps without a credit card?

Yes, a credit card is not required. Apps assess eligibility using your income, ID and address proof, an Aadhaar-linked mobile number, and bank statements. Apps like Pocketly, CASHe, and Olyv also cater to borrowers with little or no credit history.

9. How to improve your chances of approval for a personal loan?

You have to meet the basic criteria (age 21+, minimum monthly income of ₹10,000, stable employment) and keep your KYC, income proof, and bank statements ready. A good credit score helps, and choosing an app that matches your profile avoids unnecessary rejections.

10. What decides your personal loan interest rate?

Your credit score, income, loan amount, and tenure mainly decide the rate, along with the lending partner's risk-based pricing. The starting rate is usually reserved for borrowers with strong credit profiles, so weaker profiles see higher rates.