Best Personal Loan Apps in India 2023 with Interest Rates

Personal loan apps are apps designed for anyone looking for an instant personal loan with minimal documentation and less-stringent eligibility criteria. These apps follow a tech-based customer-friendly model to offer a hassle-free loan journey to customers. You can take loans up to Rs.20 lakh at interest rates starting from 9% p.a. for a tenure of 5 years or more. In this blog, we have explained the top personal loan apps and their features so that you can choose the best app while applying for a loan.  

Best Instant Personal Loan Apps 2023 – Detailed Overview


A major benefit of availing a personal loan from MoneyTap is you have to pay interest only on the amount you have used from your total approved limit. Moreover, you will get a complimentary credit card. Your credit limit will be recharged when you repay the borrowed amount, which provides the flexibility of making multiple withdrawals. 

  • Minimum Loan Amount: ₹3,000
  • Maximum Loan Amount: ₹5 lakh
  • Interest Rate for Salaried: 13% to 24.03% p.a.
  • Interest Rate for Self-employed: 13% to 24.03% p.a.
  • Loan tenure: 3 years or 36 months 
  • Company founded in: 2015
  • Play Store Rating: 4.1 

KreditBee – Instant Personal Loan App Online App

KreditBee is a web based utility with the assistance of which you’ll be able to take an instantaneous private mortgage sitting at house. KreditBee Mortgage Utility was launched by Finnovation Tech Answer Non-public Restricted firm in 2018 and since then this utility gives mortgage amenities throughout India Prompt Mortgage App.

By means of the KreditBee Mortgage App, you’ll be able to take a mortgage of 1000 to 2 lakh rupees for 62 days to fifteen months. And on this utility, you get a mortgage with an rate of interest of 0 to 29.95 %


PaySense offers a personal loan for all kinds of financial needs, irrespective of whether you need money for funding your vacation, weddings or purchasing the latest gadgets. While both salaried and self-employed individuals can apply for a loan, the former needs to have a minimum monthly income of ₹18,000. On the other hand, self-employed individuals must have a minimum monthly income of ₹20,000. 

  • Minimum Loan Amount: ₹5,000
  • Maximum Loan Amount: ₹5 lakh
  • Interest Rate for Salaried: 1.4% to 2.3% per month 
  • Interest Rate for Self-employed: 1.4% to 2.3% per month  
  • Loan tenure: 2 years or 24 months 
  • Company founded in: 2015 
  • Play Store Rating: 4.6 

MI Credit – Instant Personal Loan Cash Online

If you want a private mortgage or enterprise loan, then MI Credit can show to be a superb choice for you. Launched by Xiaomi firm in 2019, this utility is likely one of the finest mortgage apps in India.

With MI Credit score, you’ll be able to simply get a private mortgage starting from 5 thousand rupees to five lakh rupees. And in case you speak about enterprise loans, then you may get an enterprise mortgage of as much as Rs 25 lakh by way of this utility. And also you get time from 91 days to 2 years to make a reimbursement.


EarlySalary, which has now rebranded itself as Fibe, was launched in 2016. This personal loan app caters to young Indians who have started earning recently. Applicants who live in metro areas must have a minimum salary of ₹18,000 while those in non-metro areas must have a minimum salary of ₹15,000 to apply. Important details are as follows: 

  • Minimum Loan Amount: ₹8,000
  • Maximum Loan Amount: ₹5 lakh
  • Interest Rate for Salaried: 24% p.a. 
  • Interest Rate for Self-employed: NA 
  • Loan tenure: 2 years or 24 months 
  • Company founded in: 2016
  • Play Store Rating: 4.5

Money View – Cash Supervisor And Private Loan

Money View is a personal loan utility that provides loan facilities in more than 5,000 cities throughout India.

Prompt Mortgage App Cash View is a really previous and dependable utility, this utility was launched by Sanjay Agarwal and Puneet Agarwal in 2014. This utility is registered with NBFC and works below RBI guidelines.

With the assistance of Cash View, you may get a private mortgage starting from 10 thousand to five lakh rupees for 3 months to five years.

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