Best Loan App in India

Best Personal Loan Apps in India in 2022

Best Loan App in India

Best Loan App in India

When you are in urgent need of a quick cash loan, or an emergency fund or are in short of cash, it can be awkward to ask your friends and relatives or may not be lucky to get enough advance loan on salary. Going to a regular bank or alternatively applying for credit card, might be time-consuming because it needs a lot of documentation or interest rates are extremely high. Thanks to technological advancement if you urgently need a quick cash loan some mobile applications(Apps) provide personal loan processes a lot easier and more convenient. This loan has no restriction of use where you can use it for multiple purposes like vacation, medical or wedding expenses, etc. Here we discussing 4 best loan app in India that are offering instant loan approval.


PAYSENSE is an instant money app that  is Mumbai-based company founded in 2015. It is simple to use, transparent, and easily accessible.

Founder : Founded by Prashanth Ranganathan and SayaliKaranjka

Partner of Pay sense India’s leading NBFCs:

  • IDFC First Bank ,
  • Fullerton,
  • Credit Saison India,
  • PayUFinance
  • IIFL.

Loan Process

  • Paysense offers an EMI calculator 
  • Submit your Know Your Customer(KYC),
  • Fill up Details and apply for a loan,
  • Get approval within 5 to 10 hours.

Features of personal loan

Interest Rate1.4 – 2.3%
Loan AmountRs. 5000 to 5 lakh  
Processing Fee2.5% of the loan amount
Late Fees500 + GST
Applicant Age21- 60 yrs

Documents required for loan:

  1. ID proof
  2. Address Proof
  3. Income proof

How to download Pay sense App:

  1. Go to play store
  2. Enter mobile number
  3. An OTP with link will be provided
  4. Click on link to download app

CASHe Loan app

CASHe is a digital lending platform that is founded in 2016 and offers short-term personal loans, especially for salaried people. Their main aim is to provide loans to middle-income young customers.

Founder : V Raman Kumar

Lending partner:

  • Bhanix Finance and Investment Ltd.
  • Growth Source Financial Technologies.

Features of CASHe Loan app

Interest Rate2.25 to 2.50%
Loan AmountMaximum 4 lakh
Processing Fee1200 or 3% of the principal which is higher
Applicant Age23- 58 yrs
Monthly SalaryMinimum Rs. 12000

Documents required to get loan

  1. ID proof
  2. Address Proof
  3. Salary Slip
  4. Aadhaar card
  5. Photograph


Dhani is formerly known as Indiabulls Consumer Finance Limited founded in 2017 and registered with RBI. The company is now offering comprehensive range of health care and financial service.

Founder of DHANI: Sameer Gehlaut (Chairman/CEO/Co-Founder, Dhani Services Ltd.)

Loan Process

  • First download Dhani loan app (Free),
  • Must enter your Adhaarcard number details,
  • Mention your loan amount, and
  • Get instant approval of loan in your account.

Features of DHANI

Interest Rate11.99% p.a onwards
Loan AmountMaximum 15 lakh
Processing FeeUp to 5%
Applicant Age21years and above

Documents required to get loan:

  1. Proof of address
  2. PAN card
  3. Bank credential
  4. Identity will be verified by AADHAAR


Money Tap founded in 2015 headquarter in Bangalore. The company is registered with RBI. The company claimed to be India’s first online app to offer instant loans.

Founder: Bala Parthasarathy

The company offers loans for:

  1. Education Loan
  2. Medical Loan
  3. Marriage Loan
  4. Travel Loan
  5. Two Wheeler loan
  6. Debt Consolidation Loan
  7. Hone Renovation Loan

Important features

Interest Rate1.08% p.m, pay interest on usage amout.
Loan AmountUpto 5 lakh
Applicant Age23- 55 yrs
Eligible Income30000/p.m
Processing Fee1.99% + GST to 2% of the Borrowing amount +GST

Documents Required :

  1. ID proof
  2. Address Proof
  3. PAN  card
  4. Your company name and official email.

Read Also: | Best Health Insurance Plan in India 2022.

All the information are collected from internet source and are used for education purpose only. We are not recommending any products. Users must therefore analyze before exercise. InvestoAxis is not liable or responsible for any losses caused as a result of decisions based on information of the article.

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