I know how frustrating sudden financial needs can be. Just yesterday, a friend told me he needed ₹50,000 immediately for a medical emergency, but where was the time to run to the bank? Personal loan apps in India in 2025 have solved this problem.
These apps not only provide instant loans, but are also RBI-approved, secure, and work without much paperwork. Today, I’ll tell you about the top personal loan apps, designed for users like you.
Let’s get straight to the point – how to choose these apps, which ones are the best, and how to apply. Read to the end, as I’ll give you tips that will save you money.
Why are personal loan apps the smart choice in 2025?
First, understand what these apps are. These are mobile applications that offer unsecured personal loans – meaning no guarantees or collateral. Your smartphone is enough.
Their demand is expected to increase in 2025, with 48% of users taking loans for lifestyle expenses like travel, shopping, or home renovation.
Under strict RBI guidelines, these apps work with partner NBFCs, which ensure data protection and transparent fees. But be careful – avoid fake apps. Always check the RBI website.
Top 10 Personal Loan Apps in 2025
1. MoneyView – The King of Quick Approvals
Loan amounts: ₹5,000 to ₹10 lakh
Interest rates: 14% to 39% p.a.
Tenure: 3 to 60 months
Advantage: Easy approval with minimal documents (PAN, Aadhaar, bank statement) and a credit score of 650+.
Disadvantage: A processing fee of 2-5% may apply on high amounts.
2. Bajaj Finserv – Reliable for Large Loans
Loan amounts: ₹20,000 to ₹35 lakh
Interest rates: 11% to 31% p.a.
Tenure: 6 to 96 months
Advantage: Lower rates if the CIBIL score is 720+, and the EMI calculator is available in the app itself.
Disadvantage: Minimum income required is ₹25,000/month.
3. IDFC First Bank – The Champion of Low Interest
Loan amounts: ₹50,000 to ₹10 lakh
Interest rates: 10.49% to 28% p.a.
Tenure: 6 to 60 months
Advantage: Zero processing fees in promos, and 24/7 support.
Disadvantage: Prioritized for salary account holders.
4. KreditBee – Small Loan Specialist
Loan amounts: ₹1,000 to ₹4 lakh
Interest rates: 15% to 29.95% p.a.
Tenure: 3 to 24 months
Advantage: AI-based eligibility check, and interest only on the utilized amount.
Disadvantage: Short tenure may result in higher EMIs.
5. Frio (formerly MoneyTap) – Flexible Credit Line
Loan amounts: ₹10,000 to ₹5 lakh
Interest rates: 13% to 24% p.a.
Tenure: 3 to 36 months
Advantage: Approval in 4 minutes, and eligibility through UPI history.
Disadvantage: Minimum income ₹10,000.
6. Hero FinCorp – User-Friendly Interface
Loan amounts: ₹50,000 to ₹5 lakh
Interest rate: 1.60% per month (≈19.2% p.a.)
Tenure: 12 to 48 months
Advantage: Competitive rates and easy KYC.
Disadvantage: Strict verification for high amounts.
7. StashFin – For Digital Professionals
Loan amounts: ₹1,000 to ₹5 lakh
Interest rates: 11.99% to 59.99% p.a.
Tenure: 3 to 36 months
Advantage: Micro loan option.
Disadvantage: High rates if the score is low.
8. Buddy Loan – Transparent Deals
Loan amounts: ₹5,000 to ₹1.5 lakh
Interest rates: 12% to 26% p.a.
Tenure: 6 to 48 months
Advantage: No hidden charges.
9. True Balance – Micro Loan Expert
Loan amounts: ₹5,000 to ₹1.25 lakh
Interest rates: 16% to 30% p.a.
Tenure: 3 to 12 months
Advantage: Quick for emergencies.
Disadvantage: Short term.
10. Tata Capital – Trusted Brand
Loan amounts: ₹50,000 to ₹35 lakh
Interest rates: 10.99% to 24% p.a.
Tenure: 12 to 72 months
Advantage: Fewer documents.
Disadvantage: Strict income proof requirements.
How to choose the right app? Follow these tips:
- Compare interest rates: Always use an EMI calculator.
- RBI approval check: Verify the NBFC on the RBI website before downloading the app.
- Documents: PAN, Aadhaar, salary slip are sufficient. Maintain a credit score of 700+.
- Repayment plan: Choose a tenure that matches your income. Don’t damage your CIBIL with late payments.
- Security: Read the encryption and privacy policies on the app.
Friends, getting a loan is easy, but repaying it is essential. These apps will help you in 2025, but use them with planning. If you have any doubts, ask in the comments – I’m always ready to help. Borrow smartly, stay safe!