Top 5 apps in India through which you can take personal loans

We bring to you our analysis of India’s top 5 Apps which provide personal loans.

Thanks to internet the world is digitalized, everything is just a click away and you can buy anything and everything right from the vegetables to any electrical appliances. And sometimes, we all face a shortage of funds in order to purchase these things. Traditional banking involves a lot of paperwork and long and tedious procedures to process loan applications. In the alternate if you land up borrowing money from money lenders then you will get stuck with high rates of interest and almost every time they would ask for some form of collateral, making the process very dubious. However, today with technological advancements and a fintech revolution we have the immense flexibility of using Apps which provide quick, safe and hassle-free personal loans, sometimes within minutes. We bring to you our analysis of India’s top 5 Apps which provide personal loans:

Bajaj Finserv

Bajaj Finserv offers Personal Loan for financing a wedding to tackling a medical emergency, funding higher education to renovating your home. Instant approval, minimal paperwork, no collateral, disbursal in just 24 hours. The app has 12,000+ partner outlets in over 150 cities with Croma, Vijaya Sales, Hometown, Home Centre, Urban Ladder, Helios, and more, which allow consumers to shop around in any of them.

This app lets you to login using the Aadhar Card, and social media profiles. You can edit the personal details easily on the app. You can share the first 6 digits of your Credit Card to increase the chances of getting an approval. This will also make you eligible for higher loan amounts. The app ensures not to use your Credit Card details for any banking purpose. And no money will be deducted from the card. After disbursal of the loan amount, you can shop across any of the partnered outlets like, HomeTown, HomeStore, Helios, etc.

Indiabulls Dhani Loan App

Indiabulls Dhani supported by Indiabulls Consumer Finance Limited is fastest digital loan fulfillment platform in India, which provides instant loan disbursal. Dhani provides loans from ₹ 1000 to ₹ 15 Lakhs instantly within 3 minutes directly in its customer’s bank account. Loans have tenure beginning from three months and going up to thirty six months. Indiabulls Dhani is the only loan providing company which enables its customers to earn rewards along with their personal loan. You have an opportunity to reduce your EMIs by earning Dhani points which gets converted into cash on every timely monthly installment payment. Indiabulls Dhani has a customer base of more than 2 million people and the company offers higher loan amounts on additional loans availed from Dhani.


PaySense, a digital platform to get an online Instant personal loan which has partnered with IIFL, Fullerton and Northern ARC for the disbursal of personal loans.

With this app, you can avail personal loan from ₹ 5000 to ₹ 5 lakh. Based on person’s risk profile loan amount and tenure is decided. Salaried individuals having a salary of ₹ 12,000 per month and self-employed individuals earning ₹ 15,000 per month are eligible to apply for the loan. The KYC documents and bank statements are required to establish your eligibility for the loan. Once documents are approved loan is disbursed within 5 hours. It has presence in 43+ cities


EarlySalary is an innovative lending platform that changes the way loans in India are taken. It is popular among the young generation because of its easy payback option in easy EMIs. Flexible repayment tenure from 90 to 365 days. No prepayment charges applied, one can pay interest only on the amount used.

To avail of the loan using this app, no credit history is required. Loan ranging from ₹ 5,000 to ₹ 2 lakh can be availed using this app. Cash is transferred to your bank account in minutes. For EMI purchase, this app can be utilized at Amazon, Flipkart, and Big Bazaar.


LoanTap uses cutting edge technology to deliver fastest loans online. It provides loans in the category of two-wheeler loans, flexible personal loans, lifestyle and celebration loans, home loans and lower instalment loans. Repayment options of the app include accelerated payment options and bullet repayment to the principal outstanding. They provide customized loans to the customer according to their need.

LoanTap offers EMI Free Loan between ₹ 1 Lakh to ₹ 10 Lakh. However, the final loan amount is decided basis one’s eligibility and credit checks. The loan tenure is from 6 months to 5 Years. The process of applying for the loan is simple and requires minimal documentation.

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