Top Personal Loan Apps with Low Interest Rates

Ryzen

3 days ago

Here is a detailed guide on the top personal loan apps with low interest rates in 2025, with in-depth analysis, key features, pros and cons, and expert tips on choosing the right option.

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Introduction
What Makes a Good Personal Loan App?
Key Benefits of Using Personal Loan Apps
Top Personal Loan Apps with Low Interest Rates
- IDFC First Bank Loan App
- Bajaj Finserv
- MoneyView
- Buddy Loan
- KreditBee
- IndiaLends
- PaySense
- CASHe
- mPokket
- Kissht
- LoanTap
- TrustPaisa
- Fibe (EarlySalary)
Comparative Table: Interest Rates, Loan Amounts, and Tenure
How to Choose the Best App for Your Needs
Tips for Securing Loans at the Lowest Rates
Avoiding Scams and Ensuring Loan App Safety
FAQs

Introduction

Personal loan apps have revolutionized the way borrowers access credit, making it fast, easy, and accessible directly from a smartphone. With competition growing, interest rates have become increasingly affordable, especially when borrowers have strong credit profiles. This article explores the leading apps offering low-interest personal loans in India for 2025, with in-depth comparisons and practical advice.moneyview+2

What Makes a Good Personal Loan App?

Good personal loan apps share these traits:

Transparent and competitive interest rates
Fast digital processing and instant disbursal
Flexible loan amounts and repayment tenure
Minimal paperwork and user-friendly experience
Reliable customer supporttrustpaisa+1

Key Benefits of Using Personal Loan Apps

Fully digital, paperless application process
24/7 access to apply for and track loans
Faster approvals compared to traditional banks
Personalization using AI-based credit rating
Competitive rates due to high marketplace competition
Unique features such as top-up loans, bill payments, and cashback offersmoneyview+1

Top Personal Loan Apps with Low Interest Rates

IDFC First Bank Loan App

Interest Rate: 9.99% p.a. onwards (among the lowest in the market)
Loan Amount: Up to ₹10 Lakh
Tenure: 9 to 60 months
Key Features:
- Fast approval and disbursal
- User-friendly interface
- Minimal documentation
Best For: Salaried professionals with good creditmoneyview

Bajaj Finserv

Interest Rate: 10% – 31% p.a.
Loan Amount: Up to ₹55 Lakh
Tenure: Up to 96 months
Key Features:
- High loan eligibility
- Flexible tenure
- High ratings and strong customer support
Best For: Those needing larger loan amountsloantap+1

MoneyView

Interest Rate: 14% p.a. onwards
Loan Amount: ₹5,000 to ₹10 Lakh
Tenure: 3 to 60 months
Key Features:
- Quick approval and fund transfer
- Suitable for new borrowers and self-employed
- No hidden charges
Best For: Borrowers needing instant disbursaltrustpaisa+1

Buddy Loan

Interest Rate: 11.99% p.a. onwards
Loan Amount: Up to ₹15 Lakh
Tenure: 6 months to 5 years
Key Features:
- Fast processing
- Flexible tenures and amount optionsmoneyview

KreditBee

Interest Rate: 12% – 28.50% p.a.
Loan Amount: ₹6,000 to ₹10 Lakh
Tenure: 6 to 60 months
Key Features:
- Minimal documentation
- Quick KYC and approval
Best For: Young professionals, first-time borrowerstrustpaisa+1

IndiaLends

Interest Rate: 10.25% p.a. onwards
Loan Amount: Up to ₹25 Lakh
Tenure: 1 to 5 years
Key Features:
- CIBIL score check in-app
- Instant offers and quick disbursalplay.google+1

PaySense

Interest Rate: 14.50% – 40.00% p.a.
Loan Amount: ₹5,000 to ₹5 Lakh
Tenure: 3 to 60 months
Key Features:
- Caters to those with no credit history
- Flexible repayment
Best For: New-to-credit borrowersmoneyview

CASHe

Interest Rate: 2.79% per month onwards
Loan Amount: Up to ₹3 Lakh
Tenure: Up to 18 months
Key Features:
- Fast approval for salaried professionals
- Supports Paytm wallet
Best For: Short-term loans for salaried individualstrustpaisa

mPokket

Interest Rate: 24% – 39% p.a.
Loan Amount: ₹1,000 to ₹50,000
Tenure: 6 to 12 months
Key Features:
- Specially designed for students and first-time earners
- Simple application criterialoantap+1

Kissht

Interest Rate: 14% p.a. onwards
Loan Amount: Up to ₹5 Lakh
Tenure: Up to 60 months
Key Features:
- Competitive rates and fast processing
Best For: Borrowers needing mid-sized loansplay.google+1

LoanTap

Interest Rate: Up to 29% p.a.
Loan Amount: ₹50,000 to ₹10 Lakh
Tenure: 6 to 60 months
Key Features:
- Personal and customized loan productscredittnow+1

TrustPaisa

Interest Rate: 18.25% – 36% p.a.
Loan Amount: Up to ₹45,000
Tenure: 61 to 365 days
Key Features:
- Fully online and minimal paperwork
- Fast approval, affordable EMIs
Best For: Small emergency loans, quick disbursaltrustpaisa

Fibe (EarlySalary)

Interest Rate: 18% p.a. onwards
Loan Amount: Up to ₹5 Lakh
Tenure: Up to 24 months
Key Features:
- Instant loan in 10 minutes
- Multiple loans allowed on the same day
- Inclusive for no-credit-score applicantsmoneyview

Comparative Table: Interest Rates, Loan Amount, and Tenure

App Name	Interest Rate (p.a.)	Loan Amount	Tenure	Unique Benefit
IDFC First Bank	9.99% onwards	Up to ₹10 Lakh	9-60 months	Lowest rates, fast digital
Bajaj Finserv	10-31%	Up to ₹55 Lakh	Up to 96 months	Highest max amount
IndiaLends	10.25% onwards	Up to ₹25 Lakh	1-5 years	Large loan, CIBIL checker
Buddy Loan	11.99% onwards	Up to ₹15 Lakh	0.5-5 years	Flexible tenures
KreditBee	12-28.5%	₹6,000-₹10 Lakh	6-60 months	Young, first-time borrowers
Kissht	14% onwards	Up to ₹5 Lakh	Up to 60 months	Lender flexibility
PaySense	14.5-40%	₹5,000-₹5 Lakh	3-60 months	New-to-credit welcome
Fibe	18% onwards	Up to ₹5 Lakh	Up to 24 months	Multiple loans per day
CASHe	33.48% (2.79% p.m.)	Up to ₹3 Lakh	1-18 months	Fast Paytm wallet payouts
mPokket	24-39%	₹1,000-₹50,000	6-12 months	Student & freshers target
LoanTap	Up to 29%	₹50,000-₹10 Lakh	6-60 months	Personalized schemes
TrustPaisa	18.25-36%	Up to ₹45,000	61-365 days	Small, quick digital loans
MoneyView	14% onwards	₹5,000-₹10 Lakh	3-60 months	Quick, no hidden fees

How to Choose the Best App for Your Needs

When comparing loan apps, consider these factors:

Interest Rate: Always opt for the lowest effective rate, factoring in monthly or annual cost.
Eligibility Requirements: Income, employment status, and CIBIL score requirements vary.
Loan Amount and Repayment Tenure: Choose based on what fits your repayment capacity and needs.
Processing Fees and Hidden Charges: Some apps charge additional fees.
Customer Support: Ensure reliable customer care for queries or disputes.
User Reviews: Ratings and feedback reflect real user experiences.

Tips for Securing Loans at the Lowest Rates

Maintain a good credit score and clean repayment record.
Apply only for the amount required to lower risk and enhance approval.
Compare offers from multiple apps; check for seasonal promos or discounts.
Keep documentation ready for fast processing.
Opt for a longer tenure only if repayment burden is high; shortest possible tenures yield less total interest payout.trustpaisa+1

Avoiding Scams and Ensuring Loan App Safety

Only apply through official app stores (Google Play, Apple App Store) or official lender websites.
Verify regulatory status (prefer RBI-approved NBFCs and banks).
Avoid apps that seek excessive permissions or upfront payments for approvals.
Always read user reviews and check for customer complaints.

FAQs

Q: Can personal loan apps approve loans without a CIBIL score?
A: Yes, some apps like Fibe, MoneyView, and Jupiter offer loans to new-to-credit users, though rates may be higher.jupiter+1

Q: What is the lowest realistic interest rate on personal loan apps in 2025?
A: IDFC First Bank leads with rates as low as 9.99% p.a. for eligible customers. Most top-rated apps offer loans starting from 10%–12% p.a. depending on creditworthiness.mymudra+1

Q: How fast are funds disbursed after approval?
A: Most top apps (MoneyView, KreditBee, Bajaj Finserv, Fibe) can disburse funds in 10 minutes to 24 hours, depending on documentation and bank processes.

Q: Are personal loan apps safe?
A: Apps run by major NBFCs or RBI-approved lenders are safe, provided use is limited to official channels.credittnow

Table of Contents

Introduction

What Makes a Good Personal Loan App?

Key Benefits of Using Personal Loan Apps

Top Personal Loan Apps with Low Interest Rates

IDFC First Bank Loan App

Bajaj Finserv

MoneyView

Buddy Loan

KreditBee

IndiaLends

PaySense

CASHe

mPokket

Kissht

LoanTap

TrustPaisa

Fibe (EarlySalary)

Comparative Table: Interest Rates, Loan Amount, and Tenure

How to Choose the Best App for Your Needs

Tips for Securing Loans at the Lowest Rates

Avoiding Scams and Ensuring Loan App Safety

FAQs