Here’s a list of the best loan apps in India for 2025, based on their reliability, user reviews, interest rates, and features. These apps are either RBI-approved or widely trusted for their transparency and quick disbursal processes.
Top 10 Best Loan Apps in India
KreditBee
- Loan Amount: ₹1,000 to ₹5 lakhs
- Interest Rate: 15% to 29.95% annually
- Features: Quick disbursal (within 10 minutes), flexible repayment options, and no collateral required. Ideal for salaried professionals and self-employed individuals.
MoneyView
- Loan Amount: ₹5,000 to ₹10 lakhs
- Interest Rate: 16% to 39% annually
- Features: Minimal documentation, instant approval, and flexible repayment tenure (3 to 60 months). Suitable for borrowers with low credit scores.
CASHe
- Loan Amount: ₹1,000 to ₹4 lakhs
- Interest Rate: 2.5% per month onwards
- Features: AI-based credit scoring, no credit history required, and loans disbursed within 24 hours. Targets young professionals.
EarlySalary
- Loan Amount: ₹1,000 to ₹5 lakhs
- Interest Rate: 0% to 30% annually
- Features: Salary advance loans, quick approvals, and flexible repayment terms. Ideal for short-term financial needs.
PaySense
- Loan Amount: ₹5,000 to ₹5 lakhs
- Interest Rate: 1.4% to 2.3% per month
- Features: No collateral, quick approvals, and loans for first-time borrowers. Suitable for salaried and self-employed individuals.
Bajaj Finserv
- Loan Amount: Up to ₹40 lakhs
- Interest Rate: 11% to 34% annually
- Features: High loan amounts, flexible repayment options, and no hidden charges. Trusted for its legacy and customer service.
Dhani
- Loan Amount: ₹1,000 to ₹15 lakhs
- Interest Rate: 13.99% annually
- Features: Paperless process, instant disbursal, and cashback rewards. Suitable for both salaried and self-employed individuals.
MoneyTap
- Loan Amount: ₹3,000 to ₹5 lakhs
- Interest Rate: 1.08% to 2.3% per month
- Features: Credit line-based loans, pay interest only on the amount used, and flexible repayment tenure (2 to 36 months).
Navi
- Loan Amount: Up to ₹20 lakhs
- Interest Rate: 9.9% annually onwards
- Features: Fully digital process, quick approvals, and competitive interest rates. Ideal for salaried professionals.
StashFin
- Loan Amount: ₹1,000 to ₹5 lakhs
- Interest Rate: 11.99% to 35.99% annually
- Features: Interest charged only on the amount used, flexible repayment tenure (3 to 36 months), and no hidden charges.
Key Features of These Loan Apps
- Quick Disbursal: Funds are transferred within minutes to hours.
- Minimal Documentation: Most apps require only basic KYC details.
- Flexible Repayment: Tenure ranges from a few months to several years.
- No Collateral: All loans are unsecured, making them accessible to a wide range of borrowers.
How to Choose the Best Loan App
- Compare Interest Rates: Look for apps with competitive rates and low fees.
- Check Eligibility: Ensure you meet the criteria (e.g., income, credit score).
- Read Reviews: Check user feedback on app stores for reliability and customer service.
- Verify RBI Approval: Ensure the app is registered with the Reserve Bank of India to avoid scams.
For more details, you can visit the official websites or app stores for these loan apps. Let me know if you need further assistance!
