When you need money urgently, waiting for days for approval is not an option. Whether it's a medical emergency, house repair, or travel expense, the right loan app can provide you with access to funds instantly. With several platforms available in India today, knowing which one offers the fastest disbursal is important.
Let’s look at the fastest instant loan apps in India and compare their features, loan limits, and approval speeds. If you need an instant loan, this list will help you find the perfect match for your needs.
Explore the List of Fastest Instant Loan Apps in India
1. Zype – Fastest and Simplest Loan Approval
With approvals in just 60 seconds and disbursal within 24 hours, Zype is ideal among the fastest instant loan apps for anyone needing an urgent personal loan. The entire process is 100% digital, requiring only your PAN and Aadhaar details.
Key Features:
- Loan amount up to Rs. 2 Lakh
- Interest rates starting at 1.5% per month
- No salary slip required for the application
- Flexible repayment tenures of 6, 9, 12, or 18 months
- Selfie-based KYC and paperless process
Zype is perfect for both salaried and self-employed individuals. Even first-time borrowers can apply without a credit history.
2. Moneyview – Quick Digital Loans with Low Documentation
Moneyview is among the top-rated digital lending platforms in India. You can get loan approval in 2 minutes and disbursal within 24 hours after verification.
Key Features:
- Loan amount from Rs. 5,000 to Rs. 10 Lakh
- Interest starts at 14% per annum
- Flexible tenure from 3 to 60 months
- Minimal documentation and no collateral
- Ideal for salaried and self-employed individuals
Moneyview also offers tools like credit monitoring, insurance, and investment options alongside personal loans.
3. Bajaj Finserv – Large Loans with Fast Disbursal
Bajaj Finserv is a leading name for personal loans in India. It offers loans up to Rs. 15.5 Lakh with approvals often completed within minutes.
Key Features:
- Loan disbursal within 24 hours of approval
- Interest rates from 16% to 31% per annum
- Tenure from 6 to 63 months
- Multiple loan types: Flexi Term, Flexi Hybrid, and Term Loan
- Easy online application and no collateral required
If you’re looking for an urgent personal loan for larger expenses like education, home renovation, or medical emergencies, Bajaj Finserv is a reliable option.
4. KreditBee – Instant Cash for Salaried and Self-Employed
KreditBee provides quick personal loans ranging from Rs. 6,000 to Rs. 10 Lakh. Approvals occur within minutes, and disbursals are usually completed in less than 10 minutes for eligible borrowers.
Key Features:
- Online approval and verification
- Tenure from 6 to 60 months
- Interest between 12% and 28.5% per annum
- Multiple loan types available
- No collateral needed
This app is suitable for both salaried professionals and self-employed individuals who need short-term financial support.
5. Fibe (Formerly EarlySalary) – Salary Advance and Personal Loans
Fibe allows users to get instant salary advances or short-term personal loans anytime. It’s known for its fast disbursal and smooth user interface.
Key Features:
- Loan up to Rs. 5 Lakh
- Interest starting at 18% per annum
- Loan approval in 10 minutes
- Tenure of up to 36 months
- Option to apply multiple times a day
- Fully paperless and secure
Fibe is ideal for salaried employees who need quick access to funds before payday or for small, unexpected expenses.
6. CASHe – Short-Term Salary Loans with Loyalty Benefits
CASHe uses a unique Social Loan Quotient (SLQ) to assess creditworthiness. Users can receive money within 24 hours of applying.
Key Features:
- Loan from Rs. 45,000 to Rs. 3 Lakh
- Repayment period between 2 and 18 months
- Interest rates from 2.79% to 3% per month
- Minimal documentation required
- Offers loyalty programs for repeat borrowers
CASHe is especially useful for professionals with steady incomes who want small, quick loans.
7. mPokket – Instant Loans for Students and Freelancers
mPokket is one of the few platforms that caters to both students and salaried individuals. The app offers small, fast loans with minimal eligibility requirements.
Key Features:
- Loan amount from Rs. 1,000 to Rs. 50,000
- Interest rates between 2% and 3.5% per month
- Approval within hours
- Tenure between 6 and 12 months
- Requires basic ID proof and college documents for students
For individuals without a salary slip, mPokket offers quick approval, making it one of the preferred options for instant loans among young earners.
8. LazyPay – Buy Now, Pay Later and Small Personal Loans
LazyPay provides instant personal loans and 'buy now, pay later' services with fast approvals and flexible repayment options.
Key Features:
- Loan up to Rs. 5 Lakh
- Interest between 12% and 36% per annum
- Tenure from 3 to 24 months
- Instant approval and quick disbursal
This app works well for users who frequently shop online or require short-term funds for bills or travel expenses.
Conclusion
Now that you’ve explored the fastest instant loan apps, Zype stands out as one of the quickest options for instant financial support. With instant approval in just 60 seconds and disbursal within 24 hours, it’s ideal when you need an urgent personal loan. While Moneyview, Bajaj Finserv, and KreditBee are also reliable, Zype’s fully digital and transparent process makes borrowing effortless.
