Top 3 instant persona loan apps in India


The personal loan has come a long way in terms of applying and getting it. From waiting for 7 days to 10 days, the timeline has decreased to few hours. This has become possible due to the internet   and easy way of applying.

However, the essential thing  you should know is  which lender to opt for. Due to a number of digitallender’s it has become difficult to choose these instant personal loan apps in India. To make it easy, we have brought on board three personal loan apps to help you out.  After reading about them, choose one of them as per your preference.

Kreditbee personal loan

Kreditbee personal loan aims to offer loans to borrowers who have difficulty finding loans at traditional sources. It does not need collateral offering a flexible loan tenure.

  • Kreditbee personal loan amount is up to Rs 2 lakh.
  • The rate of interest begins at 1.02% per annum.
  • The loan tenure is from 2 months to 15 months.
  • The processing fee is from Rs 130 to Rs 850.

Types of Kreditbee personal loan

Kreditbee offers mainly three types of loans. Here are the details.

  1. Microloan – The loan amount ranges from Rs 1,000 to Rs 10,000. The loan tenure is short. This loan is best for those borrowers who instantly need to pay bills at the last minute.
  2. Cash loan – This is best for those who are waiting for their salary. As soon as the salary is received, the loan amount is paid.
  3. Salary advance loan – If you face something unexpected financial situation needing short money, This is the best loan.

Features of Kreditbee personal loan

  • Kreditbee sends the loan amount directly into a borrowers bank account.
  • The loan is multipurpose.
  • The entire process takes less than 15 minutes to apply.
  • The rate of interest is quite competitive.

Kreditbee personal loan eligibility criteria

  • The borrower should have a social media account such as Facebook or Google.
  • The applicant should be an Indian citizen.
  • The applicant’s minimum age should be 18 years.
  • The Aadhar card should be linked to a registered mobile number.

Required documents for Kreditbee personal loan

You will need documents for the Kreditbee personal loan.

  • Passport size photographs
  • Proof of identity
  • Proof of residence
  • Bank statement and salary slips

How to apply for Kreditbee instant personal loan?

  1. Download Kreditbee app from play store.
  2. Sign up on the app.
  3. Fill out the personal and professional details.
  4. Check the loan eligibility.
  5. If you are eligible, proceed with the loan application.
  6. Upload the documents.
  7. Submit the loan application form.
  8. Wait for verification completion.
  9.  Once it is completed, the loan amount is disbursed.

If you have any issues, contact Kreditbee customer care at 080-44292200 or email them at Now,let’s move on to the following lender.

Lendbox instant personal loan

Lendbox runs on a p2p ( peer to peer) concept, which is fairly new to the Indian market. It is one of the top instant personal loan apps in India because a borrower and lender are directly connected via this app. Here are its loan details.

  • Lendbox offers a loan amount from Rs 25,000 to Rs 5 lakh.
  • The rate of interest starts at 16% per annum.
  • The loan repayment tenure is from 6 months to 3 years.
  • The disbarment fee is between 2% and 6% of the loan amount.

Features of Lendbox personal loan

  • Lendbox does not require collateral to apply. It helps to expedite the process.
  • The loan is available and accessible online.
  • There is a feature to track the application process in real-time.
  • It has the majority of lenders on a single platform.
  • It has high approval rates compared to other lenders.
  • It has coverage all over India.
  • It needs minimal documentation to apply.
  • There are easy loan repayment options.

Lendbox instant loan eligibility criteria

  • The applicant should be an Indian citizen.
  • The applicant’s age should be above 18 years.
  • The applicant should be a self-employed or salaried individual.
  • The applicant’s income should be a minimum of Rs 25,000 per month.
  • The applicant should have minimum 2 years of work experience.

Required documents for Lendbox instant personal loan

  • Passport size photographs
  • Identity proof – Aadhar card, PAN card
  • Address proof – Lease agreement, utility bill
  • Bank statement and salary slips for the last 6 months

How to apply for Lendbox Instant personal loan?

To apply, download Lendbox instant loan from the Google play store. Sign up on the app, then follow the steps. If you have any issues, contact them at +91729102791 or email them at Now,let’s check out the next lender similar to lendbox instant personal loan.

Faircent personal loan

Faircent offers minimal documentation to apply. The end to end process is digital without any need for visiting a physical office or place. Also, it does not need collateral. Although Compare to Kreditbee instant personal loan and Lendboxit’s processing fee is higher.

  • Faircent offer loan amount from Rs 10,000 to Rs 5 lakhs.
  • The rate of interest starts at 14% per annum.
  • The loan tenure is up to 3 years.
  • The processing fee is from 2.50% to 8.50% of the loan amount.

Features of Faircent personal loan

  • It has a simple online application process.
  • The terms are transparent.
  • It needs minimum documents.
  • The rate of interest is competitive & lucrative.

The eligibility criteria for Faircent personal loan

  • The applicant’s age should be minimum of 18 years.
  • The applicant should be an Indian resident.
  • The applicant should be minimum of Rs 2 lakh per annum.

Required document for Faircent personal loan

  • Identity proof
  • Address proof
  • Bank statement
  • NACH Mandate
  • Proof of income

How to apply?

Download the Faircent app from the Google play store to apply. Follow the steps. It is an easy and quick thing to do.


So, these are 3 best instant personal loan apps In India you can check out to apply for a personal loan. Everyone offers a great deal. It is up to you to choose the best lender.