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Top 10 Personal Loan Apps for Emergency Funds in India

by theskfeed

Mobile loan applications are widely used in India. Many people depend on these applications to meet their instant cash requirements. Read on to get an insight into the top 10 loan applications that you should consider during times of emergencies. 

By using a personal loan app, you can complete nearly all formalities required while applying for a loan, such as eligibility check, documentation, and even repayment, right from the comfort of your home. In fact, these apps have emerged as a great weapon to counter the immediate cash requirements. Here in this article, we’ll be discussing the top 10 personal loan applications that can help you arrange instant cash in case of a bad financial situation.

  1. Fullerton India Instaloan

Fullerton India Instaloan App, developed by Fullerton India Credit Co. Ltd.is one of the rapidly growing personal loan applications in the market. Through this application, you can check your eligibility and the maximum amount you can take as a loan. Once you get your eligibility details, you can apply for a loan using the app and expect approval within a few minutes.

  1. MoneyTap

MoneyTap can be a great alternative to the credit card. It allows you to access an approved limit for a particular duration. The best part is you have to pay the interest only on the amount that you have spent from the approved limit. 

  1. PaySense

By using PaySense, you can check your eligibility, complete your KYC, apply for a personal loan, and get it sanctioned within a few hours of applying. This loan app can offer you instant cash of up to Rs.5 lakhs.  

  1. Dhani

By using this application, you can avail any amount below Rs.15 lakh, according to your requirement, with a minimum interest rate of 12%. The loan application claims to transfer the loan amount to your bank account within a few hours. 

  1. IndiaLends

The personal loan app can transfer your desired loan amount within 48 hours of applying for it. By using this application, you can apply for credit cards and credit report completely free of cost.

  1. Kredit Bee

Like most other loan applications, Kredit Bee offers you 100% online loan processing and lets you apply for a maximum amount of Rs.1 lakh. If you meet the eligibility criteria successfully, you can get the loan amount within 15 minutes of your application. 

  1. NIRA

NIRA is only meant for salaried professionals. If you’re one of these, then you can get a line of credit between Rs.3,000 and Rs.1 lakh. You need to repay the amount within three months or one year of borrowing it. 

  1. CASHe

Similar to the NIRA application, CASHe is only applicable for the salaried individuals. You have to upload your salary slip, bank statements, and PAN at the time of applying for the loan.

  1. Capital First Limited

Here, you can sanction your loan amount within a couple of minutes. You can apply for a loan of maximum Rs.25 lakhs and repay it within 1-5 years. 

  1. Credy Technology

The loan application can offer you a maximum amount of Rs.1 lakh at an interest rate of 12%. Besides, you will get 3 to 15 months to repay the borrowed amount. 


Mobile loan applications are a one-stop-solution during a financial crisis. However, ensure that you read the terms & conditions correctly before registering to make sure you have thorough knowledge about the borrowing as well as repayment structures.

Also read: Personal loan For Home Renovation

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