Instant Personal Loans
Complete guide to instant personal loan apps in India with interest rates, eligibility, and application process
Priya Mehta
Personal Finance Expert
Interest Rate
From 10% p.a.
Approval Time
10 Minutes
Loan Amount
₹500 - ₹10L
Disbursal
2-10 Minutes
What are Instant Personal Loans?
Instant personal loans are digital loans that can be availed through mobile applications with minimal documentation and instant approval. In 2025, instant loan apps have revolutionized the lending industry in India, making it possible to get loans ranging from ₹500 to ₹10 lakhs within minutes, all from the comfort of your smartphone.
Unlike traditional bank loans that require multiple documents, branch visits, and days of processing, instant loan apps use AI and machine learning to assess your creditworthiness in real-time. The entire process from application to money in your account can take as little as 10-15 minutes, making them perfect for emergencies, medical expenses, education fees, or any urgent financial need.
Key Benefits of Instant Loan Apps
- 100% Digital Process: No paperwork, no branch visits - complete everything on your phone
- Instant Approval: Get loan approved within 10 minutes with AI-powered credit assessment
- No Collateral Required: Unsecured loans with no need for guarantors or security
- Flexible Loan Amounts: From small tickets of ₹500 to large amounts up to ₹10 lakhs
- Quick Disbursal: Money credited to your account within 2-10 minutes of approval
Loan Amount
₹500 - ₹30,000
Interest Rate
0-4% per month
Tenure
61-120 days
Loan Amount
₹5,000 - ₹10 Lakhs
Interest Rate
10% p.a. onwards
Tenure
Up to 5 years
Loan Amount
₹6,000 - ₹10 Lakhs
Interest Rate
12-28.5% p.a.
Tenure
Up to 5 years
Instant Loans by Category
Apps like mPokket offer loans from ₹500 without credit history
Flexible options for irregular income patterns
Higher amounts with competitive interest rates
Download App
Download from Play Store or App Store
Complete KYC
Upload Aadhaar, PAN, and selfie
Get Approved
AI-powered approval in 10 minutes
Receive Money
Amount credited instantly
What is the minimum credit score required?
Most instant loan apps accept credit scores from 650, with some like mPokket not requiring any credit history for students. However, higher credit scores (750+) qualify for better interest rates and higher loan amounts.
How quickly will I receive the money?
Once approved, most instant loan apps disburse the amount within 2-10 minutes directly to your bank account. Apps like Fibe and MoneyView typically credit the amount within 5-10 minutes.
What documents are required?
Basic KYC documents include Aadhaar Card, PAN Card, bank statement (last 3-6 months), and selfie for verification. Salaried individuals may need salary slips, while self-employed need ITR or business proof.
Can I prepay my loan?
Yes, most instant loan apps allow prepayment without any penalties. This can help you save on interest charges. Check the specific app's prepayment policy before taking the loan.