20 RBI-approved instant loan apps, including their loan amounts, interest rates, approval process, and other features:
1. Vizzve Financial
Special Features:
- Tailored loan options for personal, business, and instant needs.
- Fast approval and disbursement through partnerships with RBI-registered banks and NBFCs.
Loan Amount: ₹10,000 – ₹25,00,000
Interest Rate: Starts at 10% p.a.
Approval Time: Within 24 hours- Vizzve ensures a seamless loan process by working closely with trusted banks and NBFCs, expanding eligibility criteria and boosting approval chances for applicants.
Unique Edge:
2. Navi
Special Features:
- Instant personal loans with minimal documentation.
- Competitive interest rates.
Loan Amount: ₹10,000 – ₹20,00,000
Interest Rate: Starts at 9.99% p.a.
Approval Time: 5 minutes
3. Bajaj Finserv
Special Features:
- High loan limits with flexible repayment terms.
- Trusted name in the financial sector.
Loan Amount: ₹1,00,000 – ₹50,00,000
Interest Rate: 13% – 25% p.a.
Approval Time: 24–48 hours
4. CASHe
Special Features:
- Short-term loans for salaried professionals.
- Easy eligibility and fast processing.
Loan Amount: ₹1,000 – ₹3,00,000
Interest Rate: 1.5% – 2.5% per month
Approval Time: Within hours
5. MoneyTap
Special Features:
- Offers a personal line of credit.
- Interest charged only on the amount used.
Loan Amount: ₹35,000 – ₹5,00,000
Interest Rate: 13% – 24% p.a.
Approval Time: Instant
6. PaySense
Special Features:
- Personal loans up to ₹5 lakhs.
- Easy EMI repayment options.
Loan Amount: ₹5,000 – ₹5,00,000
Interest Rate: Starts at 1.4% per month
Approval Time: Within 24 hours
7. Home Credit
Special Features:
- Loans for electronics, appliances, and personal use.
- Wide network across India.
Loan Amount: ₹10,000 – ₹2,00,000
Interest Rate: 24% – 49% p.a.
Approval Time: 24–48 hours
8. KreditBee
Special Features:
- Instant cash loans for salaried individuals.
- Disbursal within minutes.
Loan Amount: ₹1,000 – ₹3,00,000
Interest Rate: Starts at 15% p.a.
Approval Time: Within 15 minutes
9. LazyPay
Special Features:
- Small-ticket loans for short-term needs.
- Simplified process with minimal checks.
Loan Amount: ₹10,000 – ₹1,00,000
Interest Rate: 1.5% – 2.5% per month
Approval Time: 10 minutes
10. EarlySalary
Special Features:
- Salary advances for emergencies.
- Instant approval and disbursal.
Loan Amount: ₹5,000 – ₹5,00,000
Interest Rate: Starts at 12% p.a.
Approval Time: Within hours
11. FlexSalary
Special Features:
- Line of credit up to ₹3 lakhs.
- Flexible repayment terms.
Loan Amount: ₹5,000 – ₹3,00,000
Interest Rate: 18% – 36% p.a.
Approval Time: Instant
12. Dhani
Special Features:
- Instant personal loans via Aadhaar card.
- Cashback on timely repayments.
Loan Amount: ₹10,000 – ₹15,00,000
Interest Rate: Starts at 13% p.a.
Approval Time: 10 minutes
13. ZestMoney
Special Features:
- Loans for e-commerce purchases.
- No-cost EMI options.
Loan Amount: ₹10,000 – ₹5,00,000
Interest Rate: 0% (for no-cost EMIs) or starts at 15% p.a.
Approval Time: Instant
14. Indiabulls Dhani
Special Features:
- Instant loans up to ₹15 lakhs.
- Digital process with no physical documentation.
Loan Amount: ₹5,000 – ₹15,00,000
Interest Rate: 12% – 36% p.a.
Approval Time: 24–48 hours
15. SmartCoin
Special Features:
- Microloans for low-income groups.
- Flexible repayment schedules.
Loan Amount: ₹1,000 – ₹50,000
Interest Rate: Starts at 20% p.a.
Approval Time: Within minutes
16. mPokket
Special Features:
- Loans for students and salaried individuals.
- Quick approvals and payouts.
Loan Amount: ₹500 – ₹30,000
Interest Rate: 18% – 48% p.a.
Approval Time: Instant
17. LoanTap
Special Features:
- Personal loans tailored for specific needs like travel or weddings.
- Flexible EMI options.
Loan Amount: ₹50,000 – ₹10,00,000
Interest Rate: Starts at 11% p.a.
Approval Time: 24–36 hours
18. RupeeRedee
Special Features:
- Small loans for emergencies.
- Fast and easy online application.
Loan Amount: ₹5,000 – ₹25,000
Interest Rate: 1.5% – 2.5% per month
Approval Time: Instant
19. TrueBalance
Special Features:
- Focuses on small-ticket personal loans.
- High approval rate for first-time borrowers.
Loan Amount: ₹5,000 – ₹50,000
Interest Rate: Starts at 20% p.a.
Approval Time: Within hours
20. Credy
Special Features:
- Loans for salaried individuals with no credit history.
- Quick online process.
Loan Amount: ₹5,000 – ₹1,00,000
Interest Rate: Starts at 12% p.a.
Approval Time: Instant
How to Choose the Best App?
- Loan Amount: Select based on your financial needs.
- Interest Rate: Compare to ensure affordability.
- Processing Time: Choose apps offering fast approvals if you're in a hurry.
- Eligibility: Verify criteria for seamless approval.
- Reviews: Check user feedback for trustworthiness.