India’s digital lending market in 2025 has a wealth of personal loan apps that blend convenience with reasonable interest rates. For those who require financial support without hassle and the bureaucracy of traditional banking systems, the apps are a quick, paperless solution. This article reviews the five best personal loan apps in India, their characteristics, interest rates, and how to apply.
- IDFC FIRST Bank
Interest Rate: As low as 10.99% p.a.
Loan Amount: Max ₹10 lakh
Tenure: Max 60 months
App Rating: 4.9/5
Why IDFC FIRST Bank?
IDFC FIRST Bank is notable for its competitive interest rates and easy-to-use mobile app. The digital platform of the bank offers hassle-free loan application, for both salaried and self-employed professionals.
Application Process:
Download the App: Both Android and iOS platforms supported.
Register: Register through your mobile number and verify OTP.
Fill in Details: Share personal, employment, and financial details.
Upload Documents: Produce required documents such as PAN, Aadhaar, and income proofs.
Loan Approval: After verification, get instant approval and disbursal.
- Moneyview
Interest Rate: From 10% p.a.
Loan Amount: ₹5,000 – ₹10 lakh
Tenure: 6 – 60 months
App Rating: 4.8/5
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Why Choose Moneyview?
Moneyview has adjustable loan amounts which fit every kind of financial requirement, ranging from small expenses to large investments. Its low documentation and quick processing make it the first choice for most.
Application Process:
Download the App: Available on Android and iOS smartphones.
Sign Up: Register an account with your mobile number.
Provide Details: Fill in personal and financial details.
Upload Documents: Attach KYC and income proof documents.
Loan Disbursal: After approval, money is sent directly to your bank account.
- Navi
Interest Rate: Starting at 9.9% p.a.
Loan Amount: Up to ₹20 lakh
Tenure: Up to 6 years
App Rating: 4.3/5
Why Choose Navi?
Navi is renowned for its entirely digital loan process, eliminating the need for physical documentation. Its competitive interest rates and higher loan amounts cater to a broad spectrum of financial requirements.
Application Process:
Install the App: Available on major app stores.
Register: Use your mobile number to sign up.
Input Details: Submit required personal and employment details.
KYC Verification: Verify your KYC online.
Receive Funds: The loan amount is credited to your account on approval.
- Bajaj Finserv
Interest Rate: From 9.99% p.a.
Loan Amount: ₹20,000 to ₹40 lakh
Tenure: 96 months
App Rating: 4.9/5
Why Choose Bajaj Finserv?
Bajaj Finserv provides one of the largest loan amounts compared to other personal loan apps, and hence it is fit for large financial requirements. Its wide range of tenure choices along with its rapid processing makes it more desirable.
Application Process:
Download the App: Android and iOS supported.
Create an Account: Sign up with your mobile number.
Fill Application: Give comprehensive personal and financial details.
Submit Documents: Upload required KYC and income proofs.
Loan Approval: Upon successful verification, the loan is released in no time.
- KreditBee
Interest Rate: Begins with 10% p.a.
Loan Amount: ₹1,000 – ₹5 lakh
Tenure: 3 – 36 months
App Rating: 4.5/5
Why Use KreditBee?
KreditBee is perfect for those who want low loan amounts with fast disbursal. Its easy-to-use application process and low documentation requirements make it suitable for the masses.
Application Process:
Install the App: Find it on popular platforms.
Sign Up: Sign up with your mobile number.
Provide Information: Fill in personal and work details.
Upload Documents: Provide KYC and income proofs.
Loan Disbursal: Amount is credited to your bank account after approval.
In 2025, the Indian market provides an assortment of personal loan apps for distinct financial needs. If you are in need of a small loan for urgent expenses or need a large amount for major investments, the apps offer effective and convenient solutions. Always make sure to read the terms and conditions carefully and select the app best suited to your financial needs and repayment capacity.
