Best Instant Loan App In India | Instant Loan App

Best Instant Loan App in India | Instant Loan App

Best Instant Loan App In India | Instant Loan App
Best Instant Loan App In India | Instant Loan App

There are several loan apps available in India that offer financial assistance to students. These loan apps provide quick access to funds, easy repayment options, and require minimal documentation. Here are some of the best loan apps for students in India:

  • KrazyBee: KrazyBee is a popular loan app in India that offers financial assistance to college students. The app provides quick access to funds with minimal documentation and has a simple repayment process. Students can avail of loans ranging from Rs. 1,000 to Rs. 1 lakh with flexible repayment tenures.
  • Buddy: Buddy is a loan app that offers instant loans to students. The app provides loans ranging from Rs. 5,000 to Rs. 50,000 with a repayment tenure of up to 3 months. Buddy offers quick approval and disbursal of funds and requires minimal documentation.
  • SlicePay: SlicePay is a popular loan app for students in India that provides credit to college students. The app offers loans ranging from Rs. 5,000 to Rs. 60,000 with flexible repayment options. SlicePay also offers a virtual card that can be used to make online purchases.
  • MoneyView: MoneyView is a loan app that provides personal loans to students in India. The app offers loans ranging from Rs. 10,000 to Rs. 5 lakh with flexible repayment options. MoneyView also provides a credit score and financial advice to help students manage their finances better.
  • Dhani: Dhani is a loan app that provides instant personal loans to students in India. The app offers loans ranging from Rs. 1,000 to Rs. 15 lakh with flexible repayment options. Dhani also provides a virtual credit card that can be used for online purchases.
  • PaySense: PaySense is a loan app that provides instant personal loans to students in India. The app offers loans ranging from Rs. 5,000 to Rs. 5 lakh with a repayment tenure of up to 24 months. PaySense also offers flexible repayment options and quick disbursal of funds.
  • EarlySalary: EarlySalary is a loan app that provides instant personal loans to students in India. The app offers loans ranging from Rs. 5,000 to Rs. 5 lakh with flexible repayment options. EarlySalary also offers a virtual credit card that can be used for online purchases.
  • FlexSalary: FlexSalary is a loan app that provides instant personal loans to students in India. The app offers loans ranging from Rs. 4,000 to Rs. 2 lakh with a repayment tenure of up to 12 months. FlexSalary also provides a virtual credit card that can be used for online purchases.
  • Credy: Credy is a loan app that provides personal loans to students in India. The app offers loans ranging from Rs. 10,000 to Rs. 1 lakh with flexible repayment options. Credy also provides a credit score and financial advice to help students manage their finances better.
  • SmartCoin: SmartCoin is a loan app that provides instant personal loans to students in India. The app offers loans ranging from Rs. 1,000 to Rs. 50,000 with a repayment tenure of up to 3 months. SmartCoin also provides a virtual credit card that can be used for online purchases.

In conclusion, these are some of the best loan apps for students in India that provide financial assistance with minimal documentation and quick disbursal of funds. It is important to carefully evaluate the loan options and choose the one that best suits your financial needs and repayment capabilities.

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KrazyBee is a popular loan app in India that offers financial assistance to college students. The app provides quick access to funds with minimal documentation and has a simple repayment process. Here is a review of the KrazyBee app:

User Experience:

The KrazyBee app is user-friendly and easy to navigate. The app has a clean interface that allows users to quickly find the information they need. The loan application process is simple and can be completed in a few minutes. The app also provides timely updates on the loan status and repayment schedule.

Loan Features:

KrazyBee offers loans ranging from Rs. 1,000 to Rs. 1 lakh with flexible repayment tenures. The loan amount is based on the student’s credit score, income, and academic background. The app also provides a virtual card that can be used to make online purchases. The loan disbursal process is quick, and funds are usually credited to the student’s account within 24-48 hours.

Documentation:

The documentation process for KrazyBee is minimal. Students are required to provide basic information, such as their name, address, college name, and course details. The app also requires students to upload their college ID card and a few other documents to verify their identity.

Repayment Options:

KrazyBee offers flexible repayment options. Students can choose to repay the loan in monthly installments or in full at the end of the loan tenure. The app also provides timely reminders for EMI payments and allows students to make payments directly from the app.

Customer Service:

KrazyBee has a dedicated customer support team that is available to answer any queries or concerns. The app also provides a chatbot feature that allows students to quickly resolve any issues. In case of any delay in repayment, the customer service team provides timely reminders and assistance to help students avoid late fees and penalties.

Pros:

  1. Quick disbursal of funds
  2. Minimal documentation
  3. Flexible repayment options
  4. Dedicated customer support team
  5. Virtual card for online purchases

Cons:

  1. High interest rates compared to traditional bank loans
  2. Loan amount is limited to students with a good credit score and academic background
  3. Late payment penalties can be steep

Conclusion:

Overall, the KrazyBee app is a great option for college students in India who require financial assistance. The app provides quick access to funds with minimal documentation and has a simple repayment process. The app also offers a virtual card that can be used to make online purchases. However, the interest rates are relatively high, and late payment penalties can be steep. Students should carefully evaluate their financial needs and repayment capabilities before availing of a loan from KrazyBee.


Buddy is a popular loan app in India that provides quick access to financial assistance to students and young professionals. It is a mobile-based platform that offers personal loans to users who need funds for various purposes, such as education, travel, and medical emergencies. In this review, we will evaluate the features, benefits, and drawbacks of the Buddy app.

Features:

The Buddy app offers several features that make it a popular choice among users. Some of the key features include:

  1. Quick Disbursal of Funds: Buddy offers instant approval and disbursal of funds to users. Once the loan application is approved, the funds are transferred to the user’s bank account within 24 hours.
  2. Minimal Documentation: The Buddy app requires minimal documentation to process loan applications. Users can apply for loans using their mobile phones and complete the documentation process online.
  3. Flexible Repayment Options: Buddy offers flexible repayment options to users. They can choose the repayment tenure that suits them best, ranging from 15 days to 3 months.
  4. Competitive Interest Rates: The Buddy app offers competitive interest rates to users, making it an affordable option for those looking for financial assistance.

Benefits:

The Buddy app provides several benefits to users. Some of the key benefits include:

  1. Easy Application Process: The Buddy app offers a user-friendly interface that makes it easy for users to apply for loans. The application process is simple and can be completed in a few minutes.
  2. Quick Approval and Disbursal of Funds: The Buddy app provides instant approval and disbursal of funds, making it a reliable option for those in urgent need of financial assistance.
  3. Minimal Documentation: The Buddy app requires minimal documentation, reducing the hassle of paperwork and making it a convenient option for users.
  4. Flexible Repayment Options: The Buddy app offers flexible repayment options, allowing users to choose the repayment tenure that suits them best.
  5. Competitive Interest Rates: The Buddy app offers competitive interest rates, making it an affordable option for users.

Drawbacks:

Despite its many benefits, the Buddy app does have some drawbacks. Some of the key drawbacks include:

  1. Limited Loan Amount: The Buddy app offers loans ranging from Rs. 5,000 to Rs. 50,000, which may not be sufficient for users who need larger amounts.
  2. High Processing Fee: The Buddy app charges a processing fee of up to 3% of the loan amount, which can be higher than the processing fees charged by other loan apps.
  3. Limited Repayment Tenure: While the Buddy app offers flexible repayment options, the maximum repayment tenure is only 3 months, which may not be suitable for users who need a longer repayment tenure.

Conclusion:

Overall, the Buddy app is a reliable and convenient option for those in need of financial assistance. It offers quick approval and disbursal of funds, minimal documentation, and flexible repayment options. However, it does have some limitations, such as a limited loan amount, high processing fee, and limited repayment tenure. Therefore, it is important for users to carefully evaluate their financial needs and choose a loan app that best suits their requirements.


SlicePay is a popular loan app in India that provides credit to college students. The app offers loans ranging from Rs. 5,000 to Rs. 60,000 with flexible repayment options. SlicePay also offers a virtual card that can be used to make online purchases. Here is a review of SlicePay app.

Ease of Use:
SlicePay app is very easy to use and user-friendly. The app has a clean and simple interface that makes it easy to navigate. The loan application process is simple and can be completed within minutes. The app also provides a virtual card that can be used for online purchases, which makes it convenient for students to shop online.

Loan Amount and Interest Rates:
SlicePay offers loans ranging from Rs. 5,000 to Rs. 60,000 with flexible repayment options. The app charges an interest rate of 2% per month, which is competitive compared to other loan apps in India. However, the interest rates may vary depending on the student’s credit score and repayment history.

Loan Disbursal:
SlicePay offers quick disbursal of funds once the loan application is approved. The app claims to disburse the loan amount within 2 hours of approval, which is faster than most other loan apps in India. The funds are credited directly to the student’s SlicePay wallet, which can be used to make online purchases or transferred to a bank account.

Repayment Options:
SlicePay offers flexible repayment options to students. The app allows students to choose their repayment tenure, which can be up to 6 months. Students can also repay the loan in installments, which makes it easier for them to manage their finances. The app sends reminders before the due date, which helps students to avoid late payment fees.

Customer Support:
SlicePay offers excellent customer support to its users. The app has a dedicated customer support team that is available 24/7 to assist users with any queries or issues. The app also has a help section that provides answers to frequently asked questions.

Security:
SlicePay app has a high level of security to protect its users’ data and transactions. The app uses 256-bit SSL encryption to ensure that all data transmitted between the app and servers is secure. The app also uses two-factor authentication to ensure that only authorized users can access the app.

In conclusion, SlicePay is a user-friendly loan app that provides credit to college students. The app offers loans ranging from Rs. 5,000 to Rs. 60,000 with competitive interest rates and flexible repayment options. The app also offers a virtual card that can be used for online purchases, which makes it convenient for students to shop online. The app has a high level of security to protect its users’ data and transactions. Overall, SlicePay is a good option for college students who are in need of financial assistance.


Dhani App is a digital platform that offers a range of services to its users, including loans, insurance, bill payments, and more. The app is developed and owned by Indiabulls Consumer Finance Limited, a leading Indian financial services company. Dhani App is available for download on both Android and iOS devices and has gained a considerable user base in India. In this review, we will take a closer look at the features and functionality of Dhani App.

Firstly, one of the standout features of Dhani App is its loan service. The app offers personal loans ranging from INR 1,000 to INR 15 Lakhs with interest rates starting at just 13.99%. The loan application process is entirely digital, and users can complete the application within minutes. The app also offers instant loan disbursement, which means that users can get access to the loan amount within minutes of the loan approval. This feature is especially useful for users who need immediate cash for emergencies.

Apart from personal loans, Dhani App also offers a range of other financial services. Users can pay bills, recharge mobile phones, book flight tickets, and even invest in mutual funds through the app. The app also offers insurance products, including life insurance, health insurance, and two-wheeler insurance. These services make Dhani App a one-stop-shop for all financial needs.

One of the best things about Dhani App is its user interface. The app has a clean and straightforward design, making it easy for users to navigate and use. The app also has a feature that allows users to track their expenses and manage their finances. This feature is especially useful for users who want to keep track of their spending and plan their budgets.

Another standout feature of Dhani App is its customer service. The app has a 24/7 customer support team that is available to assist users with any queries or issues they may have. The customer support team is responsive and helpful, making it easy for users to get the help they need.

However, one downside of Dhani App is that it is currently only available in India. Users outside of India cannot access the app, which limits its potential user base. Additionally, some users have reported issues with the loan approval process, which can be time-consuming and require a lot of documentation.

In conclusion, Dhani App is an excellent digital platform that offers a range of financial services to its users. The app’s standout features include its personal loan service, clean and straightforward user interface, and helpful customer support team. While there are some downsides, such as the app’s limited availability and issues with the loan approval process, overall, Dhani App is a great option for users in India looking for a digital platform to manage their finances.


PaySense is an Indian financial technology (fintech) company that provides instant personal loans to its customers through a mobile app. The app is designed to make the loan application process simple, quick, and convenient. In this review, I will explore the features and functionality of the PaySense app.

User Interface and User Experience:

The PaySense app has a simple and user-friendly interface. It is easy to navigate, and the loan application process is straightforward. The app is well designed, and the layout is visually appealing. The color scheme is pleasant and soothing to the eye. The app is responsive, and the pages load quickly.

Loan Application Process:

The loan application process on the PaySense app is quick and easy. It involves four steps – registration, document verification, loan approval, and disbursal. The registration process requires basic personal details, such as name, date of birth, mobile number, and email address. Once the registration is complete, the app prompts the user to upload documents, such as PAN card, address proof, and salary slips for verification. Once the documents are verified, the app approves the loan application and disburses the loan amount to the user’s bank account.

Loan Amount and Repayment Options:

The PaySense app offers personal loans ranging from Rs. 5,000 to Rs. 5 lakh. The repayment options are flexible, and users can choose the repayment tenure that suits them best. The app also allows users to make prepayments without any penalty charges.

Customer Support:

The PaySense app provides excellent customer support. The app has a chatbot that answers most of the queries instantly. If the chatbot is unable to solve the query, the app provides an option to connect with a customer support executive. The customer support executive is knowledgeable and courteous and resolves queries promptly.

Security:

The PaySense app uses the latest security measures to ensure the safety of user data. The app is SSL encrypted, and all transactions are secure. The app also has a two-factor authentication process to ensure that only authorized users can access the app.

Pros:

  1. Quick and easy loan application process.
  2. User-friendly interface.
  3. Flexible repayment options.
  4. Excellent customer support.

Secure and safe app.

Cons:

  1. Higher interest rates compared to traditional banks.
  2. Limited loan amount for new users.
  3. Users need a good credit score to avail of higher loan amounts.

Conclusion:

The PaySense app is an excellent option for users who need quick and easy personal loans. The app is well designed, and the loan application process is straightforward. The app provides flexible repayment options and excellent customer support. The only downside of the app is the higher interest rates compared to traditional banks. However, the app is an excellent option for users who need loans for short periods. Overall, I would recommend the PaySense app for users who need personal loans quickly and easily.


EarlySalary is a mobile application designed to provide quick and easy access to small loans for urgent financial needs. It was founded in 2015 and has since gained popularity among young professionals and students in India.

One of the key features of the app is the ability to offer instant loans, typically ranging from Rs. 5,000 to Rs. 2,00,000, with approval and disbursal taking only a few minutes. The loan amount and interest rate are determined based on the user’s credit score, income, and other personal information.

The app also has an option for salary advances, allowing users to receive a portion of their monthly salary before the payday. This feature is particularly useful for those who face unexpected expenses in the middle of the month.

EarlySalary has a user-friendly interface, making it easy to navigate and apply for loans. Users can also track their loan status, repayment schedule, and outstanding balances through the app. Additionally, the app provides alerts and reminders for upcoming payments, ensuring timely payments and avoiding penalties.

Another advantage of EarlySalary is that it does not require any collateral or guarantor, making it accessible for those who may not have access to traditional bank loans. The app also has a referral program, allowing users to earn rewards for inviting friends and family to use the app.

However, it is important to note that EarlySalary has relatively high interest rates, ranging from 24% to 30% per annum. This makes it crucial for users to carefully evaluate their financial situation and repayment capacity before applying for a loan.

Overall, EarlySalary is a convenient and efficient option for those in need of small loans for immediate financial requirements. Its instant approval and disbursement feature, coupled with a user-friendly interface and hassle-free application process, make it a popular choice among young professionals and students in India.


Credy is a digital lending platform that offers personal loans and business loans to individuals and small businesses in India. The platform was founded in 2017 and has quickly gained popularity among borrowers due to its easy-to-use interface and quick loan disbursal process.

One of the standout features of Credy is its completely digital application process. Borrowers can apply for a loan through the Credy mobile app or website and complete the entire application process without ever having to visit a physical branch. The application process is quick and simple, with borrowers being asked to provide basic information about themselves and their financial situation.

Another noteworthy feature of Credy is its fast loan disbursal process. Once a loan is approved, the funds are typically disbursed to the borrower’s account within 24 hours. This is a significant advantage for borrowers who need access to funds quickly.

Credy’s interest rates are competitive with other lenders in the market, and the platform offers flexible repayment terms to borrowers. Borrowers can choose the loan amount and repayment period that best suits their financial situation.

One potential downside of Credy is that it is currently only available in select cities in India. This means that borrowers in other parts of the country may not be able to access the platform’s services.

Overall, Credy is a reliable and user-friendly platform for individuals and small businesses in need of a loan in India. Its digital application process and quick loan disbursal make it a convenient option for borrowers, and its competitive interest rates and flexible repayment terms make it an attractive choice for those seeking a loan.


SmartCoin is a digital lending platform that provides personal loans to individuals in India. The app allows users to apply for loans of up to Rs. 50,000 with a repayment period of up to 3 months. The platform uses artificial intelligence and machine learning to evaluate creditworthiness and provide quick and easy access to loans.

The app has a user-friendly interface, making it easy to apply for loans and manage repayments. Users can create an account within minutes, and the application process is simple and straightforward. The app also provides users with real-time updates on the status of their loan application, making it easy to track progress.

One of the key features of SmartCoin is its ability to evaluate creditworthiness using machine learning algorithms. The platform collects data from a variety of sources, including mobile device data, social media activity, and other digital footprints, to assess a borrower’s creditworthiness. This allows the platform to provide loans to individuals who may not have a credit history or who may not be eligible for traditional loans from banks and financial institutions.

The interest rates offered by SmartCoin are competitive and transparent, with no hidden fees or charges. Users can also benefit from lower interest rates by making timely repayments and building a good credit score on the platform.

Overall, SmartCoin is a useful app for individuals in India who need quick access to loans. The platform’s use of artificial intelligence and machine learning to evaluate creditworthiness is innovative, and the user-friendly interface makes it easy to manage loans and repayments. While the app is currently only available in India, it has the potential to expand to other countries and provide a valuable service to individuals who have limited access to credit.

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