5 Apps That Give Instant Loans in India

These days instant loan apps are on hips. You can get up to 5 lakhs instant loans without a bank visit. Don’t require to submit physical documents.

Check out the 5 apps that give instant loans up to 5 lakhs.

The 5 Apps That Give Instant Loan

Loan AppsAgeInterest RateLoan Amount
Navi18 to 65 years12 to 30% p.a.Rs. 10,000 to 5 lakh
Money View21 to 57 years 1.33% per monthRs. 5,000 to Rs 5 lakh
SimplyCash21 to 58 years2.08% per monthRs. 50,000 to  1.5 lakh
Faircent21 to 58 years36.48% p.a.Up to 60,000
StashFin18 to 60 years11.99% p.aRs. 1,000 to 5 lakh

1. Navi

Navi offers instant personal loans up to INR 5 Lakh without the need for any paperwork. Submit your basic KYC documents, and the money will go directly into your account.

Navi is a 100% digital loan process. You will get the loan within 30 minutes. Just fulfill the basic eligibility criteria to apply for Navi instant loan.


  • Fully digital loan application
  • You can get up to 5 lakh loan
  • Flexible repayment tenure
  • Minimum documents required
  • Instant Approval
Interest rate12 to 30% p.a.
Loan AmountRs. 10,000 to 5 lakh
Credit ScoreMinimum 720 or above
Loan TenureFrom 3 to 60 months
Eligibility Age18 to 65 years
Processing Fees2.5% of Loan Amount + GST Charge
Who Can ApplySelf-Employed/ Salaried Person/ Student
Also Read: Top 7 Instant Personal Loan apps without Salary Slips

2. Money View

Money View offers instant personal loans with loan amounts up to Rs. 5 lakhs for repayment periods as long as 5 years, with interest rates starting at 1.33% per month.

In less than two minutes, borrowers can find out whether they qualify for a personal loan, and if they do, they’ll have access to the money they borrowed within 24 hours. Everything comes with a digital process.


  • Fast loan process
  • Just Aadhaar Card, Pan Card & Bank Statement required
  • Repayment tenure up to 5 years
  • Available loans up to 5 lakh
Loan amountRs. 5,000 – Rs 5 lakh
Loan tenure6 months- 5 years
Interest rate1.33% per month
Processing fee2% – 5% of the loan amount
Age Required21 – 57 years 
Cibil Score 720+ required
Eligible ForSalaried / Self-Employed / Student 

3. SimplyCash

You may get a personal loan quickly with the help of SimplyCash, which is a digital personal loan service provided by Hero FinCorp.

You can borrow up to 1.5 lakhs with a quick personal loan that has a low-interest rate. The Interest rate starts at 25% per annum.


  • Loan amount up to 1.5 lakh
  • Fast & quick loan approval
  • The digital loan application process
  • Flexible EMI facility
Interest rate2.08% per month or 25% p.a.
Loan AmountFrom 50,000 to  1.5 lakh
Credit ScoreMinimum 720+
Loan TenureFrom 6 months to 24 months
Eligibility Age21 to 58 years
Income RequiredRs. 15000/- Per month
Processing Fees2.5% + GST
Eligible ForSelf-Employed/ Salaried Person
Also Read: Paysense Personal Loan

4. Faircent

You can submit an application for a Fairecnt Pocket Loan if you are in a hurry and need cash quickly. Personal loans from home are available through Faircent for amounts up to Rs. 60,000. You will get the loan within 30 minutes

Interest rate starts from 36.48% per annum with flexible loan tenure.


  • Instant loan approval
  • Minimum documents required
  • Loan approval within 30 minutes
  • Affordable EMI facility
Interest rate36.48%  per annum
Loan AmountUP to Rs. 60,000
Credit ScoreMinimum 650 or above
Loan TenureFrom 3 months to 6 months
Eligibility Age21 years to 58 years
Income RequiredRs. 18,000/- Per month
Registration FeesZero
Eligible ForSelf-Employed / Salaried Person

5. StashFin

StashFin provides up to 5 lakhs instant loans. You can get Rs. 1,000 to 5 lakhs loan without verification. Money will credit to the bank account instantly. The interest rate starts from 11.99% per annum.

The loan repayment tenure is 3 to 36 months. Also, you can foreclose the loan amount.


  • Fast loan approval
  • Available loans up to 5 lakh
  • Without verification
  • Repayment tenure 36 months
Interest rateStarting from 11.99% p.a.
Loan AmountRs. 1,000 to 5 lakh
Approval ProcessOnline
Income RequiredRs. 20,000 per month
Loan Tenure3 months to 36 months
Eligible Age18 years & above
Processing FeesUp to 10% of Loan
Eligible ForSalaried Persona / Self Employed

How to Get a Fast Instant Loan

If you can fulfill the eligibility criteria, you can get an instant loan. But what are the eligibility criteria? Let’s check out in details given below:

Credit History: CIBIL score is the important part when you are going to apply for an instant loan. Lenders will check previous loan track & CIBIL history before giving you a loan offer.

Loan Repayment Track: Your previous loan repayment track is another important part. If you are a previous loan defaulter, you cannot eligible for an instant loan.

Documentation: Your KYC documents are the most essential part to apply for a loan. You should require proper documents of an Aadhaar Card & Pan Card. Your name should be correct on your Aadhaar & Pan card.

Age: Most of the lender’s eligibility age is 21 years. You should check the eligibility before applying for the loan.

Eligibility Requirement

  • Good CIBIL Score required (720+)
  • Active Bank Account
  • Applicant should be Indian Citizenship
  • Aadhaar Card linked mobile number for KYC purposes
  • The required age is 21 years or above  
Also Read: How to select best personal loan borrower

Bottom Line

So, here are the top 5 apps that give instant loans in India. You will get the loan within 30 minutes.  These all are RBI-registered NBFC companies. Before applying, check out in details to get fast approval.