Personal loan apps have become a mainstream borrowing option. They offer quick digital applications, minimal paperwork, and flexible repayment structures. This guide explains the leading personal loan apps, how they differ, and what borrowers should evaluate before choosing one.
Comparison Table of Top Personal Loan Apps
|
App |
Interest Rate (p.a.) |
Loan Amount (₹) |
Tenure (Months) |
|---|---|---|---|
|
Bajaj Finserv |
10% – 30% |
25,000 – 55,00,000 |
6 – 96 |
|
Tata Capital |
10.99% – 29.99% |
40,000 – 35,00,000 |
Up to 72 |
|
PaySense |
~17% – 28% |
5,000 – 5,00,000 |
3 – 60 |
|
Fibe (EarlySalary) |
~9% – 16% |
10,000 – 10,00,000 |
12 – 60 |
|
KreditBee |
12% – 28.5% |
6,000 – 10,00,000 |
6 – 60 |
|
CASHe |
~33% – 36% |
45,000 – 3,00,000 |
9 – 18 |
|
Navi |
Up to 26% |
Up to 20,00,000 |
Up to 84 |
|
MoneyTap (Freo) |
12% – 36% |
3,000 – 5,00,000 |
3 – 36 |
|
PhonePe |
~13% – 20% |
5,000 – 5,00,000 |
Up to 60 |
|
Samsung Buddy |
~12% – 36% |
10,000 – 15,00,000 |
6 – 60 |
|
Dhani |
From 13.99% |
1,000 – 15,00,000 |
3 – 24 |
|
mPokket |
24% – 30% |
1,000 – 45,000 |
6 – 12 |
|
MoneyView |
From 14% |
5,000 – 10,00,000 |
3 – 60 |
|
LoanTap |
10.5% – 24% |
50,000 – 10,00,000 |
6 – 60 |
|
DigiMoney |
10% – 24% |
10,000 – 1,00,000 |
3 – 12 |
|
SmartCoin (Olyv) |
18% – 30% |
1,000 – 5,00,000 |
2 – 24 |
|
Finnable |
7.9% – 49% |
Up to 10,00,000 |
6 – 60 |
|
NIRA |
From 24% |
5,000 – 1,00,000 |
Up to 3 |
|
Upwards |
18% – 32% |
5,000 – 5,00,000 |
6 – 24 |
|
Branch |
~24% – 48% |
500 – 5,00,000 |
3 – 12 |
Last Updated: 29 January 2026.
1. Bajaj Finserv
4.8
Bajaj Finserv is one of the most established names in consumer lending, offering large loan amounts and long repayment tenures. It is particularly suited for borrowers with strong credit profiles seeking structured repayment plans.
Key highlights:
- High loan limits suitable for major expenses
- Long tenure options extending up to 8 years
- Competitive rates for salaried professionals
Download From Playstore:
2. Tata Capital
4.7
Tata Capital combines digital convenience with conservative lending practices. Its personal loans are typically aimed at salaried and self employed individuals with stable income documentation.
Key highlights:
- Balanced interest rates
- Strong brand credibility
- Suitable for medium to high value borrowing
Download From Playstore:
3. PaySense
3.0
PaySense focuses on short to medium term personal loans with quick approvals. Interest rates are often quoted monthly, which borrowers should convert to annual terms for clarity.
Key highlights:
- Fast digital onboarding
- Moderate loan sizes
- Flexible tenure options
Download From Playstore:
4. Fibe (EarlySalary)
4.5
Fibe is popular among young professionals looking for short term liquidity. Its interest rates are among the lower range for eligible profiles.
Key highlights:
- Lower starting interest rates
- App driven approval process
- Works well for salaried borrowers
Download From Playstore:
5. KreditBee
4.6
KreditBee caters to a wide spectrum of borrowers, including those with limited credit history. It offers multiple loan products within the same app.
Key highlights:
- Broad eligibility coverage
- Wide loan amount range
- Risk based pricing model
Download From Playstore:
6. CASHe
4.4
CASHe offers short tenure personal loans, usually at higher interest rates. These products are best used for urgent, short term needs rather than long term borrowing.
Key highlights:
- Quick disbursals
- Short repayment periods
- Higher cost of borrowing
Download From Playstore:
7. Navi
4.5
Navi is a digital first lender offering longer tenure loans at competitive rates for qualifying customers. Borrowers should always verify current regulatory status before proceeding.
Key highlights:
- Long repayment tenures
- Higher loan limits
- Fully app based experience
Download From Playstore:
8. MoneyTap (Freo)
3.9
MoneyTap provides a credit line style personal loan, allowing borrowers to withdraw funds as needed rather than taking a lump sum.
Key highlights:
- Flexible withdrawal model
- Useful for recurring expenses
- Interest charged only on used amount
Download From Playstore:
9. PhonePe Personal Loans
4.4
PhonePe offers consumer loans through NBFC partners, leveraging transaction data for eligibility assessment.
Key highlights:
- Seamless integration with payments app
- Moderate interest rates
- Suitable for small to mid sized loans
Download From Playstore:
10. Dhani
3.3
Dhani offers short term personal loans with relatively smaller tenures. It is often used for emergency expenses.
Key highlights:
- Low entry loan amounts
- Quick approvals
- Short repayment cycles
Download From Playstore:
11. mPokket
4.7
mPokket is designed for students and early earners. Loan sizes are small and interest rates are higher, reflecting the risk profile.
Key highlights:
- Very small ticket loans
- Short duration borrowing
- Limited eligibility requirements
Download From Playstore:
12. MoneyView
4.8
MoneyView positions itself as a transparent digital lender, offering clear fee disclosures and flexible tenures.
Key highlights:
- Wide loan amount range
- Clear repayment schedules
- App based credit assessment
Download From Playstore:
13. LoanTap
3.1
LoanTap focuses on borrowers looking for structured personal loans with moderate interest rates.
Key highlights:
- Competitive pricing for good profiles
- Medium to large loan sizes
- Predictable EMIs
Download From Playstore:
14. DigiMoney
3.7
DigiMoney specializes in short tenure personal loans, typically for quick cash requirements.
Key highlights:
- Short repayment periods
- Lower loan limits
- Simple approval process
Download From Playstore:
15. Olyv (SmartCoin)
4.7
SmartCoin offers small personal loans with fast approvals, often used by borrowers building credit history.
Key highlights:
- Small ticket borrowing
- Short tenures
- Higher interest rates
Download From Playstore:
16. Finnable
4.3
Finnable caters to a wide borrower base with varying credit profiles, resulting in a broad interest rate range.
Key highlights:
- Large loan availability
- Flexible eligibility
- Rates vary significantly by risk
Download From Playstore:
17. NIRA
4.3
NIRA focuses on ultra short term loans, typically repaid within a few months.
Key highlights:
- Very short loan duration
- Small loan amounts
- Higher interest costs
Download From Playstore:
18. Upwards
2.9
Upwards provides short to medium tenure loans, primarily targeting urban salaried professionals.
Key highlights:
- Moderate loan sizes
- Shorter tenures
- Digital documentation
Download From Playstore:
19. Branch
4.6
Branch is designed for micro borrowing needs, offering very small loans with short repayment cycles.
Key highlights:
- Extremely low entry amounts
- Short tenure loans
- High annualized interest rates
Download From Playstore:
Key Things to Know Before Choosing a Loan App
Personal loan apps follow risk based pricing, meaning interest rates vary significantly depending on credit score, income stability, and repayment history. Borrowers should also note that some apps quote monthly interest rates, which need conversion to annual terms for proper comparison.
Many platforms act as facilitators while the actual loan is disbursed by an NBFC partner. Even so, these loans fall under RBI regulated frameworks, making it important to verify the lender details before proceeding.
Final Takeaway
Personal loan apps provide speed and convenience, but they differ widely in cost, tenure, and suitability. Comparing interest rates, repayment periods, and loan amounts side by side helps borrowers choose a product that aligns with their financial needs rather than urgency alone.