Top Lending Apps for Up To ₹1 Lakh Loan Online: How to Choose

Written by Team IndiBlogHub  »  Updated on: February 21st, 2025

Top Lending Apps for Up To ₹1 Lakh Loan Online: How to Choose

Instant loan apps have become a smart way to get a loan in this digital world. Instead of waiting in a queue at the bank and carrying multiple copies of your documents, you can easily apply for funds without leaving your living room or office. In just a few taps, you can send a request to your chosen lender and get funds directly into your bank account.

However, this convenient option can also be hard to navigate. Each one claims to be the best personal loan app available and can you rely on any one for data security? To choose the right option for your specific requirements, read the list below and make an informed decision.

Top 8 Instant Loan Apps

Here is a list of some of the most popular loan apps and the highlights of their features.

1. OneScore

OneScore has OnePL features that offer a personal loan without end use restriction. Using this app, it's easy to check credit score without any additional cost. If your score is low, it also gives your suggestions and tips to improve it using the Score Planner. This way, you can get the best personal loan offer.

  • Maximum Tenure: Up to 48 months
  • Maximum Loan Amount: ₹5 lakhs

2. Moneyview

Moneyview makes borrowing straightforward with a completely transparent process, garnering it over 60 million customers. The app lets you track your loan application and repay easily. If you have a credit score of 650 or above, you can apply and get a loan in no time. It’s all digital, which means no paperwork and quick application.

  • Maximum Tenure: Up to 60 months
  • Maximum Loan Amount: ₹10 lakhs

3. MoneyTap

With MoneyTap, you get an instant loan without worrying about what you’re using it for, as there are no restrictions. The application process is simple, and you can get approval even if you don’t have any collateral or a guarantor. It is trusted by over 5 lakh customers, making it a reliable choice.

  • Maximum Tenure: Up to 36 months
  • Maximum Loan Amount: ₹5 lakhs

4. KreditBee

You can apply for a loan online in just a few minutes, and once approved, you’ll receive the money in your bank account within 10 minutes. It is an excellent option for short-term needs, and with over 14 crore users, it’s considered one of the most trusted platforms.

  • Maximum Tenure: Up to 24 months
  • Maximum Loan Amount: ₹5 lakhs

5. Fibe

With Fibe, you can get your loan approved in just 2 minutes and have the money in your account instantly. They offer flexible repayment terms, and there are no penalties for early repayment. Fibe is excellent if you have a low credit score, as they use alternate mechanisms to assess your creditworthiness.

  • Maximum Tenure: Up to 36 months
  • Maximum Loan Amount: ₹5 lakhs

6. CASHe

If you need quick cash, CASHe can help you out. The entire process is online, so there’s no paperwork to deal with. CASHe also offers complete transparency, so there are no hidden charges. It’s a great platform if you are looking to borrow with ease.

  • Maximum Tenure: Up to 18 months
  • Maximum Loan Amount: ₹3 lakhs

7. PaySense

With loans of up to ₹5 lakhs and flexible repayment options, you can easily access funds and spread out your payments to make them more manageable. The application process is quick, secure, and entirely digital, with minimal paperwork involved. The app has over 1 crore downloads, making it a trustworthy option.

  • Maximum Tenure: Up to 60 months
  • Maximum Loan Amount: ₹5 lakhs

8. Navi

Navi makes the loan process easy with a completely paperless application and instant approval. With no processing or foreclosure charges, you can borrow affordably. Trusted by 36 lakh customers, Navi is a solid choice for a hassle-free loan experience.

  • Maximum Tenure: Up to 84 months
  • Maximum Loan Amount: ₹20 lakhs

How to Compare and Choose

In most cases, the maximum loan amount is an important criterion when choosing a lender. However, when you have decided on the loan amount, other factors should become a priority, which are as follows.

  • Check the minimum eligibility criteria to ensure that you do not have to face rejection.
  • Compare the interest rate and the fee structure to make sure you can afford the loan.
  • Opt for an instant loan app with nominal processing fees.
  • Choose the lender with the maximum tenure to reduce your monthly repayment burden.
  • Apply on an app with a user-friendly interface for a streamlined application process.
  • Ensure the lender ensures a 100% digital and fast application, approval and KYC process.
  • Prioritise quick approval and the fastest disbursal after approval.

Steps to Applying on Instant Loan Apps

Once you have decided on the best personal loan app that matches your financial requirements, you can apply. Here are the generic steps you can follow on most loan apps.

  1. Download the app on your smartphone
  2. Check the eligibility requirements along with the documentation process
  3. Verify the interest rate and other charges
  4. Go to the ‘Apply’ section
  5. Enter your basic (personal and financial) details as required on the form
  6. Verify your details with a One-time Password (OTP)
  7. Enter the required loan amount and wait for an offer from the lender
  8. Calculate your EMI using an EMI calculator
  9. Accept the offer, if suitable
  10. Proceed to the KYC process to complete the application

In most cases, lenders also run a credit score check before approving your loan application. In case you have a low score, your application will get rejected, which can further reduce your chances of getting approval in the near future. Therefore, it is best that you have a good score before applying.

This is where the OneScore app can be a useful tool. With this app, you can easily check your credit score periodically without any charges or membership fees. Moreover, if your score is low, you can use the personalised insights it provides on how to boost it. You can also use it to get a loan offer based on eligibility. Download now to get started.


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