15 Best Small Credit Loan Apps to Get Instant Loans

In the modern-day high-paced world, there is no telling when unexpected costs will appear, be it in medical emergency situations or urgent payment of the bills. In the event of such cases, one does not always have the time to wait until traditional bank loans are received. Small credit loan apps come in handy there. 

These applications enable you to take small loans in real time, and you get approved fast and with minimum paperwork, all at the press of a button, using your smartphone. They are convenient and easy to use, becoming the preferred option where individuals need to get a quick personal loan to meet their short-term requirements. This blog will take you through the top small credit loan applications, their advantages, functions, and how they can assist you in handling your finances without worrying.

What are Small Credit Loan Apps?

Small Credit Loan Apps are a mobile application that enables borrowers to take small, short-term loans on a whim and conveniently, without necessarily having to fill in lots of paper work and collateral. These apps are created to satisfy immediate financial requirements such as medical bills, travel costs, or utility payments, and offer immediate access to money, usually between ₹1,000 -₹50,000 or more, depending on the platform. The process of application, verification, and loan disbursement is fully digital, and therefore, these applications are particularly popular with the salaried, self-employed, and first-time borrowers.

How Small Credit Loan Apps Work?

• The application is downloaded to the phone, after which the user fills a form and tabs in some basic documents like PAN and Aadhaar cards, or in some cases, income proof or bank statements.
• Credit and eligibility checks can be done not only based on CIBIL score but also based on other elements such as monthly earnings and transactional history, and hence the apps can be used by people with poor or limited credit history.
• Loans are normally approved and disbursed at very rapid rates, in some cases in minutes.
• Repayments are done in flexible EMIs with short-term (3-36 months) periods.

Key Features

• Quick release of loan and instant loan approval.
• Limited records – only basic ID and address records are taken.
• The unsecured loans are free.
• Paperless and 100 percent digital process.
• Variable tenure and open fee.
• 24/7 availability on a phone.
• Repayment may be used to establish a credit rating in a positive way to borrow in the future.

Common Use Cases

• Emergency medical expenses.
• Emergency spending or payment of bills.
• Repairing gadgets or college tuition.
• Emergencies in small businesses or personal.

Why Use a Small Credit Loan App in India?

The application of a small credit loan in India is associated with the opportunity to experience quicker access to funds, less documentation, more flexibility in the borrowing process, and high convenience in meeting the urgent or short-term financial requirements.

Key Benefits

• Fast Submission and Disbursement: The majority of loan applications have fast processing and recovery of money in minutes, which is perfect in case of an emergency, like hospital bills or bills that come out of the blue.
• Small Documentation: Customers can work with simple documents, Aadhaar, PAN, and bank details, and do not need to complete long forms and paperwork that are required in traditional banks.
• Flexible Amounts and Repayment: Take small sums (in others as low as 2000 or 5000) with a repayment schedule that is tailored to your requirements (a few weeks or a few months, etc).
• 24/7, everywhere: Loan applications can be submitted 24/7 on a smartphone; it is not necessary to visit a physical branch.
• No Collateral Needed: These are small loans, which in most cases are not secured, and hence the user of the loan is not supposed to secure the loan with any assets.
• Flexibility of Credit Score: The ability to borrow for many citizens with low or no credit history is made possible through many apps that provide loans to people, resulting in broader groups of citizens being able to borrow.
• Clear Fees: Trustworthy applications indicate the interest rates and fees in advance, and the borrower is aware of the price of the loan.
• High Security: A majority of the established loan applications are securely encrypted and adhere to the Reserve Bank of India guidelines, which provide privacy and secure transactions.
• Easy to Use Interface: Mobile applications simplify the application and monitoring process, and live loan statuses are available, and customers can easily get in touch.
• Credit Building Opportunity: Repayment of small loans on time will enable the user to have a good credit history when they want to borrow again.

Who is supposed to use Small Loan Apps?

Small credit loan apps come in handy, particularly when it comes to:

• Millennials and working professionals who require money to spend on their day-to-day needs.
• Those who have a weak credit history or do not have a good income.
• Any person seeking quick borrowing that is paperless, hassle-free, and short-term financial assistance.
• A small credit loan app is an effective solution to overcome the urgent financial shortfall, which is fast, easy, secure, and flexible in India compared to traditional lending options.

List of Best Small Credit Loan Apps in India (2025)

1. Moneyview

Moneyview is an Indian digital financial service provider providing a full range of customized financial services such as instant personal loans, home loans, business loans, loans on property, credit cards, fixed deposits, online gold investments, and motor insurance. It uses technology to offer quick, collateral-free, and flexible loans with minimum documentation and an application process that is fully online.

 Other services offered by the platform include credit tracking and financial management, which makes it a reliable and convenient fintech service among millions of users who require easy access to financial services through quick disbursement and reasonable rates.

Features of Moneyview:

• Quickly approved and disbursed instant personal loans up to 10 lakh.
• Interest rates on home loans are as low as 7.75% p.a.
• Loans on property, business loans are available and do not require any complicated paperwork.
• Credit cards with lifetime free offers and a limit of 5 lakh.
• Fixed deposit and 24K digital gold investment options, such as 24K gold and 10000 gold, since 10 rupees.
• Purchases and renewal of motor insurance.
• Free credit rating and reports, including in-depth information.
• Paperless online loan application procedure with minimum documentation.
• They have the flexibility of repayment of up to 5 years with interest rates of 14% p.a.
• The eligibility check takes less than 2 minutes.
• ISO 27001:2022 certified and 256-bit encryption data security platform.

2. NoBroker InstaCash

NoBroker Insta Cash is one of the top Small Credit Loan Apps, housed within the NoBroker app, to provide quick and convenient personal loans of between ₹1,000 and 1 lakh. It features a completely paperless application process, emphasizes transparency, offers competitive interest rates as low as 12.99% per annum, and provides flexible payment plans through EMIs.

Users can complete the entire loan process on their smartphone, with disbursal usually received within 24 to 48 hours, making it ideal for urgent financial needs. The application requires minimal documentation, ensures secure transactions, and is designed to accommodate even those with poor credit history by using alternative data to determine eligibility.

Features of NoBroker InstaCash:

• Loan amount range: ₹1,000 to ₹1 lakh
• Interest rates will commence at 12.99 percent annual.
• Interest on processing of about 2 percent of the loan value.
• Loan tenure: 3 to 12 months
• Disbursal Time: This is normally between 24 and 48 hours.
• One hundred percent paperless and complete digitalization of the application and approval process.
• Flexible EMI repayment.
• Open charge system with no concealed expenses.
• safe platform that is highly secured with data protection.
• Poor documentation and intuitive interface.
• Quick and instant credit transfer to qualified users.

3. IDFC First Bank (Instant / digital loan)

IDFC First Bank is an institution providing an instant and digital personal loan product named FIRSTmoney that is a completely online, paperless loan product and enables its customers to apply, receive an approval, and have the money in their bank accounts within half an hour. The lending procedure is secure and easy, with video KYC being implemented by physical PAN card; there is no need to visit the branches or provide physical documents. 

The loan service targets both salaried and self-employed people in the age bracket of 21-60 years of age and a good CIBIL score of 730 and above. It has a flexible repayment period ranging between 9 and 60 months, attractive interest rates of as low as 9.99% per annum, no foreclosure fee, and no hidden cost, hence best suited for emergencies, planned purchases, and recurring bills.

Features of IDFC First Bank instant/digital loan (FIRSTmoney):

• Disbursal and approval of loans in 30 minutes.
• Full paperless and electronic application process.
• Loan up to 10 lakhs, depending upon eligibility.
• Repayment terms of between 9 and 60 months.
• Low and competitive interest rates beginning as low as 9.99% p.a.
• There will be no foreclosure fee on early repayment.
• No commission or other secret charges, complete openness of terms.
• No document uploads, only a physical PAN card is required to do video KYC.
• Offered to both salaried and self-employed.
• Available 24/7 and anywhere without the need to visit the branch.
• Recurring expenses- multiple loan facilities, without reaping.

4. Bajaj Finserv

Bajaj Finserv is a leading financial services company in India with a diversified portfolio that includes savings products, consumer and commercial loans, mortgages, auto financing, securities brokerage, insurance (life and general), and investments, serving over 100 million customers. It leverages technology, information, and analytics to provide smooth, simplified, and personalized finance experiences, including through Small Credit Loan Apps for quick and convenient personal borrowing.

Bajaj Finserv has major interests in subsidiaries like Bajaj Finance, Bajaj Allianz General Insurance, and Bajaj Allianz Life Insurance, offering innovative digital financial services via its open architecture marketplace. The company also engages in social responsibility initiatives supporting education, health, and employment empowerment.

Features of Bajaj Finserv:

• Large portfolio of financial products such as personal, home, business, auto, and gold loans.
• Personal and business loans without collateral within a short time and with repayment options.
• High loan-to-value ratio, flexible tenor up to 32 years, and a loan against property.
• Individualized insurance policies to cushion families against unexpected events.
• Management of online accounts and pre-approved loans for fast finance.
• The choices available in investment include mutual funds, fixed deposits, and securities brokerage.
• Health-tech: The Bajaj Finserv Health app and Digital Health EMI Network Card.
• Massive network of branches, both urban and rural.
• Social impact dedication in the form of education, skilling, inclusion, and employment.

5. Olyv / SmartCoin

Olyv (as SmartCoin used to be called) is a digital lending application that provides a service of quick and simple personal loans up to 5 Lakhs at interest rates as low as 1.5% per month. It is a collateral-free, 100 percent paperless loan system that has partnered with lenders who are registered by the RBI, and through whom salaried and self-employed people can acquire instant loans, it is given directly into their bank accounts.

 The loan gives a term of between 2 and 24 months with flexible EMIs and minimum documentation, hence easy to borrow and use in case of an emergency, education, travel, shopping, and other personal requirements.

SmartCoin (Olyv) has such features as:

• Quickly procure personal loans up to 5 Lakhs.
• Interest rates will be 1.5% per month (APR 30-90%).
• Loan tenure from 2 to 24 months
• One hundred percent paperless and digital loan application.
• No collateral or security is required.
• Very little documentation (ID, address, income proof)
• Loan offers are valued in advance.
• Banking Lenders securing loans from the RBI.
• Processing fee: 3% of the loan amount (including GST)
• Fast issuance of loans within 72 hours after approval.
• Enables credit score monitoring at no charge in the app.
• Provides financial wellness and fraud prevention solutions.
• The minimum amount of the new feature is 10 INR(digital gold savings investment)
• Telephone and email customer support.

Suggested Read: 7-Day Loan Apps

6. Kissht

Kissht is a frontrunner in the digital lending sector in India, providing personal and business finance in real time with minimal documentation through its Small Credit Loan Apps. It offers unsecured loans up to ₹5 lakh and secured loans, such as Loan Against Property, up to ₹15 lakh, aiming to make credit fast, transparent, and entirely digital.

Kissht leverages advanced technologies like machine learning to streamline loan approval and disbursement, prioritizing customer safety and convenience. The platform also ensures favorable interest rates and flexible payment terms, making it a reliable choice for short-term financial solutions.

Features of Kissht:

• Fast and simple online loan applications.
• Loans of up to 5 lakh on personal and business purposes.
• Loan Against Property (LAP) facility for loans of a higher value up to 15 lakh.
• Paperless and complex digital loan application.
• Adjustable repayment periods of between 3 and 60 months.
• Good competitive and open interest rates with an initial rate of about 11.99% p.a.
• Secure and safe payments in accordance with the RBI.
• Direct bank transfer of loan amounts.
• No add-on fees and customer-friendly service.
• Finalization of KYC using Aadhaar, PAN card, and a selfie.
• No collateral will be needed for either personal or business loans.
• Existing customers can avail a top-up loan facility.

7. Buddy Loan

Buddy Loan is a digital fintech marketplace application, a personal loan aggregating platform that provides offerings of simple online personal loan services by liaising with other RBI-registered NBFCs and banks. It gives loans between  ₹10,000 and 15 lakh (and 50 lakh to a few products) to business owners, self-employed professionals, and salaried workers with a simple and paperless application process. 

The site has a high rate of loan approval, fast disbursal within 48 hours, less documentation, and low interest rates beginning at 11.99 per annum. It is also flexible in loan tenure between 12 months and 5 years, the absence of hidden or prepayment fees, and total data security. Buddy Loan also provides different forms of loans, such as personal loans, two-wheeler loans, and business loans, thus providing Buddy Loan with the entire solution of instant credit requirements.

Features of Buddy Loan:

• Credit rate (loaning) is high (approximately 80%).
• Immediate penalty and immediate disbursement (within 48 hours)
• Loan value of between  ₹10,000 and 15 lakhs or higher.
• Flexible loan term between 12 months and 5 years.
• Competitive interest rates that begin at 11.99% p.a.
• Less recorded and entirely paperless process.
• No security loans (collateral-free)
• No added costs and no prepayment fee.
• Secure platform and encrypted service for data transfer.
• Offers various loans such as personal, two-wheeler, and business loans.
• Gives a free credit score service every month.
• Salaried, self-employed, and business owners can be available.
• They are eligible as long as their CIBIL score is 650 or above on personal loans, they are aged between 21 and 60 years, and have a minimum income.

8. KreditBee

KreditBee is a new Indian financial technology business established in 2018 with the focus on the fast and convenient digital lending business involving young professionals and salaried individuals. Through an easy-to-use mobile application, KreditBee provides instant personal loans up to 10 lakhs with minimal documentation and efficient repayment terms based on non-traditional data by applying advanced machine learning technology and utilizing big data analysis to evaluate creditworthiness within minutes, and allowing repayment flexibility. 

The partnership of the company with the NBFCs and the banks registered by the RBI makes it safe, and the interest charged is also competitive and varies between 12-29.95 percent per annum. KreditBee is a credit democratizer that has been created to offer personalized, accessible, and timely financial products with 24/7 customer support and transparency.

Features of KreditBee:

• Quick individual loans up to 10 lakhs.
• Flexible repayments of 6 -60 months.
• Rates of competitive interest of 12 to 29.95% per annum.
• All digital and no paper loans application and approval.
• Little documentation was needed.
• Mortgages are offered to those with salaries and professionals.
• Various loan packages such as Flexi Personal Loan, Personal loan on Salaried, and Online Purchase Loan (E-Voucher Loan).
• Fast settlement of money in a bank account, sometimes in 10 minutes.
• Reliable dealings with NBFC and bank partners registered by the RBI.
• A mobile application that is user-friendly and can be downloaded via the Google Play Store.
• No hidden costs on loans.
• The 24/7 customer service is available in both English and Hindi.
• It can be used in any type of financial requirement, such as education, travelling, shopping, medical emergencies, and debt consolidation.

9. Fibe / EarlySalary

Fibe (previously EarlySalary) is an Indian online consumer lending company targeting young working professionals with a range of financial services, including instant loans, personal loans, Buy Now Pay Later (BNPL), and Salary Advance through its Small Credit Loan Apps. It partners with firms to offer short-term loans up to ₹5 lakh for various needs such as shopping, travel, education, and medical emergencies.

The app provides a fully digital, fast, and secure lending experience with flexible repayment plans, catering to mid-income populations and helping them achieve their financial goals through technology-powered credit solutions.

Features of Fibe (ex, EarlySalary):

• Simple Cash Loan: Lock in cash up to  ₹8,000 to  ₹1,00,000 at reasonable repayment periods of between 7 and 30 days.
• Personal Loan: 3 to 36 months tenure repayment loans that are up to  ₹5,00,000 used to cover personal expenses.
• Loan Not Mutual Funds: Borrow at an amount of up to 50 percent of the mutual fund value with the least amount of documentation.
• Medical Loan: Loans up to  ₹5,00,000 to settle your medical emergencies with easy repayment and speedy disbursement.
• Salary Advance: This feature provides early access to salary without interest, provided the salary is repaid within the stipulated time.
• Buy Now Pay Later (BNPL): The payment can be made with an option to pay in installments later.
• Fibe app is a fully online and safe loan application.
• Compliant with PCI DSS and ISO/IEC 27001 on data security.

10. LazyPay

LazyPay is a credit super-app in India that provides instant personal loans and a buy-now, pay-later service, where individuals can obtain credit limits to shop and pay utility bills with easy repayment at a convenient time. It subsidizes the payments of more than 20,000 billers, such as electricity, gas, and mobile charges, provides a one-stop vehicle management center, and also allows users to buy gift cards with attractive offers.

 LazyPay offers fast and paperless EMI-based personal loans of between  ₹3,000 and 5 lakh, with interest rates per annum of 12 to 36 percent and optional features, such as no-cost EMIs, repay-in-15/30-day options, etc., which make it convenient across various financial requirements with a fully digital platform.

Features of LazyPay:

• Personal loans of instant personal lending between  ₹3,000 and 5 lakh with a 3 to 60 months EMI.
• Credit limits with up to Rs. 1 lakh buy now, pay later, and no-cost EMI.
• Use the credit limit to pay the electricity, gas, water, mobile, DTH bills among 20,000 or more supported billers.
• Auto360 car management centre to trace the challans, renew insurance, and PUC.
• Free shipping on purchase of gift cards of 200 or above, popular brands with a 30 percent discount.
• Single tap payment without OTPs or concealed fees when shopping and paying bills.
• Repayment flexibility: Pay all dues after every 15 or 30 days, or convert dues into EMIs.
• Full digitization of the KYC procedure to expand the credit limits and repayment terms.
• Open charges and data security.
• Interest starts at 12% up to 36% p.a., depending on the type of personal loan and the period of payment.

11. CASHe

CASHe is a novel fintech construction company that offers instant personal loans mainly to young salaried professionals in India. It uses a custom AI-powered credit score system named the Social Loan Quotient (SLQ) that uses several digital and social pieces of information to assess borrowers and develop a distinct credit picture for credit scores.

CASHe offers loans between  ₹50,000 and 3,00000 for 9 months to 18 months with a flexible repayment of the loan with minimal documentation, instant disbursement, and application at 100 percent online. This will assist users to meet the pressing financial needs, such as medical expenses, travelling, home remodelling, car purchase, and other personal needs, conveniently and openly, without security.

Features of CASHe:

• Personal loans of  ₹50000- ₹300,000 Instant.
• Loan tenure is 9 months to 18 months.
• Artificial intelligence-based credit rating based on Social Loan Quotient (SLQ).
• Fast application and approval of loans (minutes)
• Less online information (salary slip, bank statement, PAN, and address proof).
• No security and no collateral.
• Convenient payments and instalments.
• Interest rates of about 14-30 percent per annum (reducing balance)
• Nominal fee for processing approximately 2.5 per cent of the loan.
• Grace period of 5 days on interest-free EMI payments.
• Proper for some requirements: medical emergency, travelling, house repairs, school loans, automobile loans, and others
• Paperless and wholly digital loan disbursal in hours of approval.
• The privacy of data and the safe management of information are ensured.

12. mPokket

mPokket is an Indian online lending platform that provides instant personal loans from ₹500 to ₹50,000 through its Small Credit Loan platform. It caters to students and salaried employees, offering a fully digital process where loan applications and approvals happen within minutes. Repayments are flexible, ranging from 61 to 120 days, with interest rates between 0% and 4% per month.

The app requires minimal documentation, making it accessible even to individuals with no prior credit history. Being operated under an RBI-registered Non-Banking Financial Company (NBFC), mPokket ensures safe, regulated, and reliable lending for all users.

Features of mPokket:

• Shelves: Instant personal loans between  ₹500 and  ₹50,000.
• The 100 percent online application and approval process.
• Fast loan issuance in 7 minutes.
• Pay either directly to the bank or your Paytm account within minutes.
• Repayment options, which are flexible and range between 61 and 120 days.
• An attractive interest rate of between 0% and 4% per month.
• Low processing and loan management charges (Rs. 50 to Rs. 200 + 18 per cent GST)
• Incentives for early repayment.
• No collateral or credit history will be needed; available to students and salaried professionals.
• Compliance with the laws and regulations of RBI registration.

13. ZestMoney

ZestMoney is one of the most successful Indian fintech firms who have transformed access to consumer credit by providing instant EMI (Equated Monthly Installment) financing without a credit card or a good credit score. On the basis of a variety of data using modern technology, such as artificial intelligence and machine learning, ZestMoney evaluates the creditworthiness of customers to offer custom EMI offers. 

It collaborates with many merchants, both online and offline, making the high-value purchases affordable and convenient to customers. The platform concentrates a lot on financial inclusion, particularly for underserved people with a small credit history, which makes the credit process swift and user-friendly, facilitating massive adoption.

Features of ZestMoney:

• Goodbye, credit card instant EMI approval.
• Painless and hassle-free process of opening accounts.
• Plans that are flexible to customer convenience.
• Option to repay anytime
• Clear fee system without subdued fees.
• Utilizes AI and machine learning in credit evaluation.
• A large variety of partner merchants of all types.
• Helps improve credit score through timely repayment.
• Online and offline shopping.

14. True Balance

True Balance is a safe online financial service licensed by the Reserve Bank of India (RBI), which provides prepaid payment instruments, digital wallets, and personal loans to offer “Finance for All”. It has more than 75 million users in India, with some of the features being instant personal loans, money transfer using UPI, bill payment, and digital recharge, all being fully digital and convenient. 

Financial services are easily accessible and user-friendly since the site collaborates with registered NBFCs by the RBI to offer unsecured personal loans with unrestricted tenures and favorable interest rates.

Features of True Balance:

• Unsecured personal loans of 1000 to 200,000 dollars within a period of 6 to 12 months.
• Quick money transfer anywhere, anytime, with a digital wallet and UPI.
• Bill payment services (electricity, DTH, gas, broadband, water)
• Online and paperless loan application and disbursal.
• The services are highly secured and private around the clock.
• Variable interest rates and minimal processing rates.
• A wallet that can be used to transfer funds to bank accounts and other wallet users.
• Collaborations with various licensed NBFCs of the RBI for safe and trusted credit.
• Transfer of money through the UPI system using a mobile number, even to non-True Balance users.
• Lowest required documentation with video KYC support.

15. Home Credit India

Home Credit India Finance Pvt. Ltd. is a top-ranking consumer finance company that focuses on initiating credit penetration and financial inclusion in India under the TVS Group. It was founded in 2011, and it provides clear and easy-to-use financial services targeted at individuals with little or no credit history and first-time borrowers.

 It has a far-reaching network of approximately 53,000 points of sale in 625 cities and serves more than 17 million customers with an array of differentiated products, such as personal loans on consumer goods and other financial services. Home Credit India is characterized as responsible lending, quick and easy loaning, and interest in empowering the underprivileged.

Features of Home Credit India:

• Loans can be obtained even to people with no credit history.
• Quick loan advances in case of consumer durable purchases.
• Easy repayment procedures such as online, application, or physical collections.
• Clear and transparent conditions without any hidden costs.
• Pan-Indian with large retail point-of-sale.
• A loan processing application and management process that is technology-driven.
• Get into financial inclusion and responsible lending.
• A large variety of consumer finance products that meet the needs of a variety of customers.
• Supported by TVS Group with a good heritage and market experience.

How to Apply for a Loan by Small Credit Loan Apps

The steps to follow to apply for a small credit loan through an app are:

• Install the loan app in the Google Play Store or Apple App Store.
• Create an account with your mobile number.
• Full KYC (Know Your Customer) verification by presenting documents like photo ID, address verification, and salary verification.
• Select the amount of the loan and the type of loan.
• Choose the lending period or loan repayment.
• Use your application and wait to be verified.
• When approved, the sum of the loan is deposited straight into your bank account, and it normally takes a few hours or, in some cases, minutes.

Suggested Read: Real Estate Companies in India

Conclusion

Small Credit Loan Apps have transformed the way people access urgent financial needs, making borrowing fast, convenient, and available to a wide range of users. These apps offer reliable solutions for short-term requirements such as emergencies, bill payments, travel, or minor business expenses, providing instant loan applications with minimal documentation and flexible repayment options.

Fully digitized, these apps remove the hassles of traditional lending, allowing credit to be accessible 24/7, even for users with little or no credit history. As technology continues to advance, Small Credit Loan platform play a crucial role in promoting financial inclusion, helping users manage cash flow effectively and improve overall financial well-being. However, responsible borrowing and understanding how these apps work remain essential to maximize the benefits of digital lending.

FAQs

1. What is a small credit loan apps?

A small credit loan app is a mobile application that enables internet users to easily apply for and obtain small personal loans of short duration, with little or no documentation and rapid lending processes.

2. Who is eligible to take a loan in these applications?

Conventionally, eligible applicants include salaried/self-employed persons, those with valid ID, evidence of income, a linked bank account, and a mobile number. Credit score requirements can be attached to certain apps, yet stable income is also taken into account by numerous ones.

3. What do I do when I want to take a small loan using a small credit loan platforms?

The process of app usage often includes downloading the application, creating an account using a mobile phone number or email address, uploading KYC documents, selecting the amount of the loan, e-signing the contract, and transferring the loan amount to the bank account.

4. What documents are required?

Some of the common documents are government-issued ID (such as Aadhaar or PAN card), proof of income (salary slips or bank statement), and bank account information. Verification may need the use of originals or clear photos.

5. How much loan amount can I get?

Loan facilities usually exceed some few thousand rupees to a couple of lakhs based on the policy of the app and the eligibility of the applicants.

6. What are the rates of interest and charges?

Interest rates depend on the app and the profile of the applicant, but tend to be limited (e.g., to 36 per annum). Processing fees are normally charged upfront, and they are made transparent to avoid hidden charges.