Choosing the best personal loan app matters because the wrong one can cost you lakhs in extra interest. We reviewed the most popular loan apps in India so you do not have to go through that trial and error yourself.
Every app in this list is backed by an RBI-registered bank or NBFC. You will find apps that work with a low CIBIL score, apps that need no salary slip, and options for student loan apps too. Before picking one, compare the personal loan interest rates so you know what you are signing up for.
Also Read - Bad Cibil Loan Apps List
Best Personal Loan Apps
There are hundreds of loan apps on the Play Store but most charge very high interest or hide their fees. The apps below are the best loan apps in India shortlisted on interest rate, safety, disbursal speed, and user ratings. All are RBI-regulated and show their charges upfront.
Find out which apps offer how much loan interest rates, and how much repayment you need to make in how many days discover all this information in just one click with our EMI Calculator
Top Low Interest Personal Loan Apps List 2026
Here is a quick comparison table of the top 10 personal loan apps in India with their loan amounts and interest rates. These are the most trusted personal loan apps that offer low interest loan app options with fast approval.
| Loan Apps | Loan Amount | Interest Rate |
|---|---|---|
| 1. MoneyTap | ₹3,000 to ₹5 Lakh | 13% - 36% p.a. |
| 2. StuCred | ₹1,000 - ₹30,000 | 0% |
| 3. PaySense | ₹5,000 to ₹5,00,000 | 14% to 36% |
| 4. Kissht | up to ₹5,00,000 | 14% - 36% p.a. |
| 5. mPokket | ₹500 - ₹50,000 | 0% - 4% a month |
| 6. Navi | ₹10,000 to ₹20 Lakhs | 9.9% p.a. |
| 7. KreditBee | ₹6,000 to ₹10 Lakhs | 12% - 28.5% p.a. |
| 8. Aditya Birla Capital | ₹50,000 to ₹40 Lakhs | 10.99% - 30% p.a. |
| 9. Paytm Personal Loan | ₹10,000 to ₹5 Lakhs | 12% - 35% p.a. |
1. MoneyTap
MoneyTap is one of the most trusted personal loan apps in India, used widely by salaried and self-employed individuals. It works on a credit line model you only pay interest on the amount you actually use, not the full approved limit.
Processing fee ranges from 0 to 7%. Loan amount goes from ₹3,000 up to ₹5 Lakhs with approval within 24 hours. Repayment tenure is flexible from 3 to 36 months.
With 10M+ downloads and a 3.9 rating, it is a solid best online personal loan app and a genuinely good personal loan app for anyone who needs flexible borrowing.
| MoneyTap Loan | Details |
|---|---|
| Loan Amount | ₹3,000 - ₹5,00,000 |
| Interest Rate | 13% - 36% per annum |
| Tenure | 2 months - 36 months |
| Processing Time | Within 24 hours |
| CIBIL Score | 650+ |
Pros:
- Pay interest only on used amount
- Flexible credit line model
- Quick approval within 24 hours
- No prepayment charges
Cons:
- Requires good credit score (650+)
- Limited to urban areas initially
- Higher interest for lower credit scores
2. StuCred - Best Personal Loan Apps
If you are searching for which app is best for personal loan at zero interest, StuCred is your answer. It is one of the few best personal loan apps with low interest rate that genuinely charges 0%.
Here, you can take a loan from ₹1,000 to ₹30,000 which is available at very low interest, and you do not have to worry about CIBIL score or salary slip.
This application demands only Aadhaar card & PAN card to provide a loan, and if you are afraid of interest rates, then do not worry because here you get a 0% personal loan.
It has also been specially designed keeping students in mind.
| StuCred Loan | Details |
|---|---|
| Loan Amount | ₹1,000 - ₹30,000 |
| Interest Rate | 0% |
| Tenure | 30 days |
Pros:
- Ultra-fast approval in 5-10 minutes
- Specialized for salaried individuals
- Simple eligibility criteria
- Salary advance facility available
Cons:
- Only for salaried employees
- Requires 3 months employment history
- Minimum salary requirement of ₹15,000
3. PaySense
PaySense is one of the best online loan app options for both salaried and self-employed borrowers. If you want a loan starting from ₹5,000, it is a very popular personal loan app with a straightforward process.
Here, only people aged 21 years or above can apply. Salaried and self-employed people are eligible, where salaried users must have a monthly income of ₹18,000 and self-employed users must have a monthly income of ₹20,000.
If you do not follow any of these criteria, then your bank statement must show at least ₹50,000 monthly transactions, which makes lenders believe that you are capable of repaying the loan.
Apart from this, Aadhaar card and PAN card are required as documents. PaySense is a good personal loan app for middle-income borrowers looking for a best loan app low interest option with a longer repayment window. This app has 10M+ downloads and a 3.0 rating.
| PaySense Loan | Details |
|---|---|
| Loan Amount | ₹5,000 - ₹5,00,000 |
| Interest Rate | 14% to 36% p.a. |
| Tenure | 3 months - 60 months |
| Age | 621+ |
Pros:
- Competitive low interest rates from 16%
- Accepts both salaried and self-employed
- Flexible tenure up to 60 months
- Paperless application process
Cons:
- Approval time up to 2 hours
- Minimum CIBIL score of 630 required
- Processing fee applicable
4. Kissht - Online Personal Loan App
If you need an instant loan app that gives both low interest and a big loan amount, Kissht is one of the best options available right now.
This is a very trustworthy application that provides loans from ₹35,000 to ₹5,00,000, and the loan approval time ranges from 5 minutes to 1 day.
It completes the digital process with the help of mobile. So far, this application has been downloaded by more than 10M+ people and has a 4.6 rating.
| Kissht Loan | Details |
|---|---|
| Loan Amount | up to ₹5,00,000 |
| Interest Rate | 14% - 36% p.a. |
| Tenure | 3 to 72 months |
| Age | 21+ |
Pros:
- Innovative social credit scoring
- Lower CIBIL requirement (600+)
- Good for first-time borrowers
- Small ticket loans available from ₹1,000
Cons:
- Higher interest rates up to 40%
- Shorter maximum tenure of 18 months
- Requires social media access for scoring
5. 5. mPokket
If you want to take a small personal loan at low interest rate from a very good app, then you can use the mPokket app.
mPokket is completely different from other loan apps, offering the lowest interest rate of 0% - 4%. Your profile will determine the exact interest, but normally it ranges from 1% to 6%.
It is a very trustworthy company and consistently ranks among the top 10 personal loan apps in India for students. Even an 18-year-old student can get a loan up to ₹50,000. mPokket is also the most recommended personal loan app without documents only Aadhaar and PAN needed, no salary slip, no ITR.
| 5. mPokket loan | Details |
|---|---|
| Loan Amount | ₹500 - ₹50,000 |
| Interest Rate | 0% - 4% per month |
| Tenure | 61 to 120 days |
| Age | 18+ |
Pros:
- No CIBIL score requirement
- Perfect for students and young professionals
- Instant approval in 30 minutes
- Lowest minimum loan of ₹500
Cons:
- Limited maximum loan amount (₹30,000)
- Higher interest rates (24-48%)
- Only for students and young professionals
6. Navi - Best Personal Loan Apps
Navi is among the most talked-about low interest rate personal loan apps in India right now. It offers one of the lowest starting rates in the market at 9.9% p.a., making it the best low interest personal loan app for anyone with a decent CIBIL score.
Through this app, you can get a ₹10,000 personal loan in a single day at a very competitive interest rate starting at just 9.9% p.a., and all your documents are 100% secure. You can download and apply directly through the Navi app within minutes.
You can download it from the link below.
| Navi Loan | Details |
|---|---|
| Loan Amount | ₹10,000 - ₹20 Lakhs |
| Interest Rate | 9.9% p.a. |
| Tenure | 3 to 72 months |
| Age | 18+ |
Pros:
- Lowest interest rate starting at 9.9% p.a.
- Highest loan amount up to ₹20 lakhs
- Zero prepayment charges
- Complete transparency in terms
Cons:
- Requires good credit score (700+)
- Approval time up to 24 hours
- Strict eligibility criteria
7. KreditBee
KreditBee is one of the best loan apps with low interest for people earning as little as ₹10,000 per month. You can borrow up to ₹10 Lakhs at 12% to 28.5% p.a., which is competitive for an instant app for personal loan with minimal documentation.
You only need a PAN card and Aadhaar to apply. Age must be 21 or above. For smaller needs, KreditBee also covers amounts as low as ₹6,000, similar to a quick ₹1,000 small loan. With 100M+ downloads it is the most downloaded personal loan app in India.
| KreditBee Loan | Details |
|---|---|
| Loan Amount | ₹6,000 to ₹10 Lakhs |
| Interest Rate | 12% – 28.5% p.a. |
| Tenure | 6 – 60 months |
| Age | 21+ |
Pros:
- Fastest disbursal within 10 minutes
- Accepts self-employed applicants
- Flexible income documentation
- Most downloaded app (50M+)
Cons:
- Shorter maximum tenure (15 months)
- Moderate interest rates
- Maximum loan limited to ₹2 lakhs
8. Aditya Birla Capital - Best Loan App With Low Interest
Aditya Birla Capital is backed by one of India's largest financial conglomerates, the Aditya Birla Group. If you are a salaried individual looking for a big personal loan at a competitive interest rate with a long repayment tenure, this app is a very strong option to consider.
As the best loan app with low interest rate for large amounts, it lets you apply for personal loans ranging from ₹50,000 up to ₹40 Lakhs, with interest rates starting at just 10.99% per annum.
The repayment tenure goes up to 7 years, which means your monthly EMI stays very manageable even on larger loan amounts. No collateral is required, and the entire process is online from application to disbursal.
One unique advantage of this app is that you can add a co-applicant's income to improve your loan eligibility. The app also lets you manage your existing loans, download statements, and track repayment schedules all in one place.
A minimum monthly income of ₹15,000 is required, and a CIBIL score of 700 or above improves your chances of getting a lower interest rate.
| ABCD Loan | Details |
|---|---|
| Loan Amount | ₹50,000 to ₹40 Lakhs |
| Interest Rate | 10.99% - 30% p.a. |
| Tenure | 12 to 84 months (up to 7 years) |
| Age | 23 to 60 years |
| Processing Fee | Up to 2% + GST |
| CIBIL Score | 700+ preferred |
Pros:
- Very competitive starting interest rate of 10.99% p.a.
- Large loan amount up to ₹40 Lakhs without any collateral
- Long tenure up to 7 years keeps monthly EMI low
- Co-applicant income can boost your loan eligibility
- Backed by a well-known and trusted NBFC
Cons:
- Minimum loan amount of ₹50,000 may be high for small needs
- Good CIBIL score of 700+ needed for the best rates
- Foreclosure charges of 4% apply on outstanding amount
9. Paytm Personal Loan
Paytm is one of the most widely used financial apps in India, and its personal loan service has made borrowing even more accessible for millions of users. If you already use Paytm for UPI payments or bill payments, getting a personal loan from the same app takes just a few minutes.
Paytm offers instant personal loans ranging from ₹10,000 up to ₹5 Lakhs through its banking and NBFC partners like Hero Fincorp, Aditya Birla Finance, InCred, Fibe, and Poonawalla Fincorp. The loan approval process is completely digital and takes as little as 2 minutes. There are no physical documents required, and the money is transferred directly to your bank account once approved.
The biggest advantage of Paytm Personal Loan is convenience. Since most people already have it installed, there is no separate registration needed. Paytm also offers a 0% interest short-term loan for up to 30 days for eligible users, which is a great option for handling small emergencies without any extra cost.
| Paytm Loan | Details |
|---|---|
| Loan Amount | ₹10,000 to ₹5 Lakhs |
| Interest Rate | 12% - 35% p.a. (0% for up to 30 days) |
| Tenure | 6 to 60 months |
| Age | 23 to 60 years |
| Processing Time | 2 minutes approval |
| Processing Fee | 1% to 3% (lender-specific) |
Pros:
- Super fast 2-minute approval with 100% paperless process
- No need to download a new app if you already use Paytm
- 0% interest option available for short-term needs up to 30 days
- Multiple trusted lending partners for competitive rates
- Available 24 hours a day, 7 days a week including holidays
Cons:
- Maximum loan amount limited to ₹5 Lakhs
- Exact interest rate varies by lender assigned to your profile
Personal Loan App vs Bank Loan Comparison
If you are comparing app-based lending with traditional banking, you can also read our detailed review of the HDFC Loan App to see how a bank app stacks up.
Understanding the difference between a personal loan app vs bank loan helps you pick the best app for loan. Here is a clear comparison so you know exactly what to expect from each:
| Factor | Personal Loan App | Bank Loan |
|---|---|---|
| Approval Time | 5 minutes - 24 hours | 3-7 days |
| Documentation | Minimal, digital upload | Extensive, physical submission |
| Interest Rate | 13% - 40% per annum | 10% - 18% per annum |
| Loan Amount | ₹500 - ₹20 lakhs | ₹50,000 - ₹50 lakhs |
| CIBIL Requirement | 600+ (flexible) | 750+ (strict) |
| Processing Fee | 0% - 3% | 1% - 2% |
| Branch Visit | Not required | Usually required |
| Best For | Quick small loans, emergencies | Large amounts, long tenure |
Personal Loan App Eligibility Criteria
Before applying on any app, it is worth spending 2 minutes checking whether you actually qualify. Most rejections happen because people skip this step.
Age must be between 21 and 60 years for most apps. mPokket is an exception and accepts applicants from 18 years. Income requirement varies — PaySense needs ₹18,000 monthly for salaried users, while Navi and Aditya Birla Capital prefer ₹25,000 or above. Self-employed applicants typically need ITR proof of ₹3 to ₹4 lakhs annual income.
A CIBIL score of 650 works for most apps. If your score is 700 or above, you will get better interest rates on Navi and Aditya Birla Capital. No CIBIL score at all? mPokket and StuCred still approve your loan. You will need Aadhaar card, PAN card, and 3 to 6 months of bank statements for most apps. Check your eligibility before applying to improve your approval chances.
How to Apply for a Personal Loan on an App
The whole process takes under 10 minutes on most apps. Download the app, register with your mobile number, complete KYC by uploading Aadhaar and PAN, enter your income and loan amount review the offer e-sign the agreement, and money hits your bank account usually within 5 minutes to 24 hours.
One thing most people miss — always review the processing fee and total repayment cost before accepting the offer, not just the EMI. Use our EMI Calculator to check this before you apply. If rejected, the most common reason is a low CIBIL score. Check your personal loan interest eligibility first. After applying you can track progress by learning how to check loan status online.
How to Choose the Best Personal Loan App
KreditBee has 100 million downloads but that does not make it the right app for everyone. Downloads mean nothing if the interest rate does not suit your profile. Here is what actually matters when picking a low interest loan app in India.
First, confirm the app is partnered with an RBI-registered NBFC or bank. If the app does not mention its lending partner anywhere, skip it. Second, do not just look at the EMI — look at total repayment. A ₹1 lakh loan that costs ₹1.25 lakh back means 25% effective interest. Third, match the tenure to your budget. For large loans Aditya Birla Capital (7 years) and Navi (6 years) keep EMIs manageable.
For small urgent needs, check urgent loan without salary proof options. Fourth, always factor in processing fees. Some apps charge 0%, others up to 3% upfront. Use our EMI Calculator to get the real number before you commit.
Frequently Asked Questions
Which App is Best for Personal Loans in India 2026?
Navi, KreditBee, Kissht, Aditya Birla Capital, and Paytm are the best personal loan apps in India 2026 with low interest and fast approval.
Which is the best personal loan app with low interest rate?
Navi starts at 9.9% p.a., Aditya Birla Capital at 10.99% p.a., and Paytm at 12% p.a. These are the best personal loan apps with low interest rate in India.
Are personal loan apps safe to use?
Yes, all apps listed here are partnered with RBI-registered NBFCs or banks and are 100% safe. Always avoid apps that hide their lending partner details.
What is the minimum CIBIL score needed for a personal loan app?
Most loan apps require a CIBIL score of 600 to 700. mPokket and StuCred approve loans with no CIBIL score at all.
How fast do personal loan apps transfer money?
Kissht and Paytm disburse money in as little as 5 minutes. KreditBee takes around 10 minutes. Most apps complete disbursal within 24 hours.
Which is the best personal loan app without salary slip?
mPokket, StuCred, and KreditBee are the best loan apps without salary slip. They verify income through bank statements and Aadhaar instead.
Which loan app is best for low CIBIL score?
mPokket and StuCred do not check CIBIL at all. KreditBee approves loans for scores as low as 600. These are the best apps for low CIBIL borrowers.
Conclusion
We hope this list helps you find the best personal loan app for your needs. All these apps are RBI approved, offer low interest rates, and disburse money fast. Interest rates and terms can change anytime, so always verify on the app before applying.
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