5 Best Instant Loan Apps in India

Are you in a financial crunch and looking for a source to help you meet your needs? Do not worry as you can meet your immediate needs through instant loans. You can avail of instant loans either by visiting the official website of the lender you choose or else by downloading their app from Google play store or App Store and apply from the app with ease.

Instant Loan Apps in India

In India, millennials generally prefer to apply for a loan through instant loan apps as everything is under your fingertips. The next step would be in finding out the best app as there are so many online lenders in the market today that you may get confused as to which app to pick. Well, don’t be confused, through this article, I shall help you to pick out the best app from the top 5 instant loan apps in India:


MoneyTap is an app-based credit line. The best part of this app is its no-usage-no-interest feature, where you pay interest only on the amount used and not on the total amount that is borrowed. It is a credit line app that is available for both self-employed and salaried employees and the loan amount is transferred online, once approved.

  • And max. loan amount provision – INR 3,000 – INR 5,00,000
  • Loan tenure – From 3 months to 3 years
  • Minimum salary to apply for a loan – INR 20,000 per month


FlexSalary App is India’s first app-based credit line. This app covers the emergency cash needs of salaried employees during the financial crisis and provides personal loans to people even if they have a low credit score. Few noteworthy features of FlexSalary include one-time application, one-time approval, open-ended loan, instant loan disbursal, and flexible repayments.

  • And max. loan amount provision – INR 4,000 – INR 2,00,000
  • Loan tenure – Open-ended
  • Minimum salary to apply for a loan – INR 8,000 per month


CASHe is an app-based digital money lending platform. This app provides short-term personal loans only for salaried individuals. CASHe approves the loan request of the borrowers based on their merit, social profile, and repaying capacity.

  • And max. loan amount provision – INR 10,000 – INR 3,00,000
  • Loan tenure – You can opt for 60, 90, 180, 270, and 365 days plan based on your needs
  • Minimum salary to apply for a loan – INR 15,000 per month


LoanTap app offers customized loans to salaried professionals only. They offer loans such as celebration loans, lifestyle loans, home loans, lower installment loans, etc. They also provide various repayment options such as accelerated payment and bullet repayment for the principal outstanding.

  • And max. loan amount provision – INR 50,000 – INR 10,00,000
  • Loan tenure – 6 months to 60 months
  • Minimum salary to apply for a loan – INR 30,000+ per month


EarlySalary is an app-based platform offering small bridge loans to salaried employees, self-employed individuals, and business corporates as well. Through EarlySalary, you can get access to money to meet your short-term requirements before you get your salary.

  • And max. loan amount provision – INR 8,000 – INR 2,00,000
  • Loan tenure – 90 to 365 days
  • Minimum salary to apply for a loan – INR 20,000 per month

Instant loan apps have taken the market by storm. There are tons of apps available online for you to choose from. A simple search in Google is more than enough for you to quickly compare the various instant loan apps in India and decide on one.

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