Online Personal Loan App: Top 10 apps in India ‘2020’

Taking a loan is nothing new nowadays whether it’s for commercial purposes or personal purposes. Young Indians are taking an online personal loan app for various purposes like for education, house construction, for holiday vacation, buying a home or car, etc.

Numerous of Apps are offering loans at the cheapest rate with various benefits and simple online application process. However, when it comes to search for some trustworthy apps giving personal loans, we got stuck. To make it easy for you, we have researched and the top 10 personal loan giving apps in India which will help you to get an easy personal loan with minimum requirements.

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Top 10 online Personal Loan Giving App in India:

1. Online Personal loan app: PaySense

Mumbai based PaySense is the one f the best app providing instant online personal loans. You can avail loan as low as Rs. 5, 000 up to Rs. 5 lakh. The advantage of getting a loan from PaySense is that they even serve the users who are new to the credit and lending system. To be an eligible borrower, you must have minimum Monthly Income: ₹ 12,000 for salaried and ₹ 15,000 for self-employed persons. The lowest interest rate varies between 1.08% – 2.33% per month.

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2. MoneyTap

MoneyTap is First India based credit line, which comes with a unique facility of “no-usage-no-interest.” This feature means you only pay interest only on the amount used by you. With MoneyTap, you can avail of all types of personal loans including Laptop loans, Mobile loans or Travel loans, etc.

A borrower can avail INR 3,000 up to INR 5 Lakh. However, you have to fulfill few criteria to get a loan such as age limit shall be above 23 years and below 55 years and with a regular source of income of minimum salary of ₹ 15,000 per month.

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3. Kredit Bee

With the quick disbursement of within 15 minutes, Kredit Bee offers loans up to Rs. 2 lakh. The cash is directly transferred to your bank account. The whole application and loan sanction process is online with the immediate transfer. Kredit Bee offers the lowest rate of interest @ 1.02% pm with the few perquisites including Salary should be above INR 10,000 and age above 21 years. The app is enjoying a 4.5-star rating on Google Play.

4. Cashe

Cashe helps to fulfill all short term financial need but only to salaried persons. You can get the loan amount within a range from INR 10,000 to INR 2 Lakh, with tenures ranging from 15 days to 6 months. The interest rate starts from 1.75% pm and varies upon the type of loan.

With the quickest 8 minute credit of loan, Cashe is the good option to have a short term personal loan. Moreover, you don’t need any credit score to get a loan. However, a borrower should have a minimum net monthly income of INR 15,000.

5. Credy

Bangalore based, Credy loan app provides personal loan on the spot to Indian borrowers. Within one-minute approval and direct money within one day, Credy provides the fastest and reliable services to the borrowers. Lender offers provide loan durations ranging from 3 to 12 months for amounts between INR 10,000 to INR 1 Lakh. The lowest rate starts at 1% pm.

6. Early Salary

Early Salary is a personal loan app offering instant loans across India. You can avail of a loan facility up to INR 2 lakh with no prepayment charges. With flexible repayment tenure from 90 to 365 days, get the benefit of the cheapest interest rate at 2% – 2.5% a month only on the used amount. Salaried Individuals with a minimum salary of INR 15,000 – INR 18,000 a month can apply for a loan with Early Salary.

7. PayMeIndia

With the simple registration and login process, the borrower can apply for personal loans with PayMeIndia. The lender offers short term loans for tenures ranging from 10 days to 31 days. The interest rate starts at 1%. You can avail of a loan as per your requirement and based on salary income. You must be above the age of 18 years to get a loan from PayMeIndia.

8. Lazy Pay

Know about your loan eligibility just by entering your phone number as LazyPay is powered by PayU. You can get Instant Personal Loans up to Rs. 1 lakh with LazyPay. Avail loan from INR 10,000 up to INR 1 Lakh. Pay Interest @ 1.25% only on the amount withdrawn.

9. Money View

Money View allows you to get a loan within 2 hours of submitting an online application. It allows you a loan between ranges of INR 10,000 to INR 5 Lakh. With a low monthly interest rate starting from 1.33% and flexible repayment up to 5 years, the Money view is a topmost choice among borrowers. You can also get a loan with a low credit score.

10. SmartCoin

To be an eligible borrower, a salaried person should have a monthly income of INR 13,500 or more. 10. SmartCoin: Get an urgent basis loan with SmartCoin. You can get a little amount of loan INR 1,000 up to INR 25,000 from the SmartCoin with tenure of 91 days to 120 days. You don’t need to worry about credit score as It has its own credit score system to judge the creditworthiness of borrowers.

Summarized view of online Personal Loan giving App in India

App Name Loan Amount Limit (Rs.) Interest Rate (Per month) Eligibility Criteria
PaySense 5,000 – 5 Lakh 1.08% – 2.33% Salaried and Self employed   Minimum Monthly Income: INR 12,000 in case of salaried and INR 15,000 for self-employed   Upload KYC Documents online  
MoneyTap 3,000 – 5 Lakh 1.08% – 2.03% Age limit: Minimum 23 years and a maximum of 55 years. Should have a regular source of income of minimum in-hand salary of INR 15,000 per month
Kredit Bee 1,000 – 2 Lakh 2% – 3% The minimum age limit should be 21 years. Must have in hand salary above INR 10,000 with a valid bank account  
Cashe 10,000 – 2 lakh Starts from 1.75% Age limit should be between 23 years to 58 years old. The minimum net monthly income required to avail a personal loan is INR 15,000.
Credy 10,000 – 1 lakh 1% A Salaried employee with a monthly salary of at least Rs 15,000 and credited to the bank account. You can apply from Bangalore, Chennai, Pune, Mumbai or Hyderabad locations in India.  
Early Salary 3,000 – 2 lakh 2% – 2.5% The age should be above of 18   Salaried Individuals with a minimum salary of INR 15,000 – INR 18,000
PayMeIndia 1,000 – 1 lakh 1% – 6% The age should be above of 18  
LazyPay 10,000 – 1 lakh 1.25% – 2.6% The age must be between 22-25 years Salaried individual
Money View 10,000 – 5 lakh 1.33% – 2% Be salaried or self-employed. The monthly in-hand income of INR 13,500 or more should be received in Bank. Age should be between 21 years and 57 years
SmartCoin 1,000 – 25,000 2.5% – 3% Age should be above 21 years.The minimum monthly income should be Rs. 20,000.


So, if you have financial needs that cannot wait until your salary is credited, explore instant personal loans giving apps in India and get your money credited directly in your bank account with the top 10 loan giving apps. Download the app now!

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5 thoughts on “Online Personal Loan App: Top 10 apps in India ‘2020’”

  1. You really make it seem so easy with your presentation but I find this matter to be actually something
    which I think I would never understand. It seems too complex and very broad for me.

    I’m looking forward for your next post,
    I will try to get the hang of it!

  2. recently i have taken loan from keditbee but they provide you instant loan within an hour,I got Rs8000 instantly after approval of my documents.they need pancard aadhar card and your selfie pic .But only one months time.

  3. This is the right blog for anyone who wants to find out about this topic. You realize so much its almost hard to argue with you (not that I actually would want…HaHa). You definitely put a new spin on a topic thats been written about for years. Great stuff, just great!


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