Best Loan Apps in India to Get ₹5 Lakh Instantly

Looking for a quick personal loan without paperwork? These top-rated loan apps in India offer instant approvals and secure disbursal of up to ₹5 lakh—directly to your bank account.

Whether you need funds for medical expenses, travel, education, or urgent bills, these digital personal loan apps provide fast EMI-based credit with minimal hassle. Fully online. No queues. No branch visits.

What Is an Instant Loan App?

An instant loan app is a mobile-based financial application that lets you apply for a personal loan anytime, anywhere. Most of these apps are powered by top NBFCs or digital lenders and support paperless KYC, flexible tenures, and transparent interest rates.

Top 10 Instant Personal Loan Apps in India – 2025

1. MoneyView

Loan Amount: ₹5,000 to ₹10,00,000

Interest Rate: Starting at 1.33% per month

Disbursal Time: Within 24 hours

Features: Paperless KYC, low CIBIL score accepted

2. Navi

Loan Amount: ₹10,000 to ₹20,00,000

Interest Rate: Starting at 9.9% p.a.

Disbursal Time: Under 5 minutes

Features: Zero processing fee, 100% digital process

3. KreditBee

Loan Amount: ₹1,000 to ₹4,00,000

Interest Rate: Starting at 1.02% per month

Disbursal Time: Under 10 minutes

Features: Ideal for new borrowers

4. CASHe

Loan Amount: ₹7,000 to ₹4,00,000

Interest Rate: Starting at 2.50% per month

Disbursal Time: Within 24 hours

Features: Flexible tenure, salaried users preferred

5. PaySense

Loan Amount: ₹5,000 to ₹5,00,000

Interest Rate: Starting at 1.08% per month

Disbursal Time: Instant approval

Features: Available even for users with no credit history

6. Dhani

Loan Amount: ₹1,000 to ₹15,00,000

Interest Rate: Starting at 12% p.a.

Disbursal Time: Instant in-app wallet credit

Features: Cashback and wellness benefits included

7. Stashfin

Loan Amount: ₹1,000 to ₹5,00,000

Interest Rate: Varies by profile

Disbursal Time: Within a few minutes

Features: Personal line of credit

8. Nira

Loan Amount: ₹5,000 to ₹1,00,000

Interest Rate: Starting at 1.5% per month

Disbursal Time: Within 3 hours

Features: Great for first-time borrowers

9. LazyPay

Loan Amount: ₹10,000 to ₹5,00,000

Interest Rate: Starting at 15% p.a.

Disbursal Time: Instant pre-approved loans

Features: Buy now, pay later and EMI options

10. TrueBalance

Loan Amount: ₹5,000 to ₹1,00,000

Interest Rate: Varies by profile

Disbursal Time: Within 10 minutes

Features: Available in multiple Indian languages

How to Choose the Best Loan App

• ✔️ Check if it’s RBI-registered or tied with NBFCs
• ✔️ Look for 100% digital process & transparent fees
• ✔️ Read reviews and ratings (Google Play, App Store)
• ✔️ Compare interest rates and loan limits

Want to avoid fake or unregulated apps? Choose a trusted partner like LoanBoat – India’s secure loan app to compare offers from RBI-registered lenders instantly.