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Top Personal Loan Apps with Low Interest Rates

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Top Personal Loan Apps with Low Interest Rates

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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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 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:

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 NameInterest Rate (p.a.)Loan AmountTenureUnique Benefit
IDFC First Bank9.99% onwardsUp to ₹10 Lakh9-60 monthsLowest rates, fast digital
Bajaj Finserv10-31%Up to ₹55 LakhUp to 96 monthsHighest max amount
IndiaLends10.25% onwardsUp to ₹25 Lakh1-5 yearsLarge loan, CIBIL checker
Buddy Loan11.99% onwardsUp to ₹15 Lakh0.5-5 yearsFlexible tenures
KreditBee12-28.5%₹6,000-₹10 Lakh6-60 monthsYoung, first-time borrowers
Kissht14% onwardsUp to ₹5 LakhUp to 60 monthsLender flexibility
PaySense14.5-40%₹5,000-₹5 Lakh3-60 monthsNew-to-credit welcome
Fibe18% onwardsUp to ₹5 LakhUp to 24 monthsMultiple loans per day
CASHe33.48% (2.79% p.m.)Up to ₹3 Lakh1-18 monthsFast Paytm wallet payouts
mPokket24-39%₹1,000-₹50,0006-12 monthsStudent & freshers target
LoanTapUp to 29%₹50,000-₹10 Lakh6-60 monthsPersonalized schemes
TrustPaisa18.25-36%Up to ₹45,00061-365 daysSmall, quick digital loans
MoneyView14% onwards₹5,000-₹10 Lakh3-60 monthsQuick, 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

  1. https://moneyview.in/loans/best-instant-personal-loan-apps-in-india
  2. https://trustpaisa.com/blog/article/25-best-personal-loan-apps-in-india-2025
  3. https://play.google.com/store/apps/details?id=com.fastbanking&hl=en_IN
  4. https://loantap.in/blog/best-instant-personal-loan-app-in-india/
  5. https://jupiter.money/blog/personal-loan-apps-without-cibil-score/
  6. https://www.tatacapital.com/blog/personal-use-loan/best-personal-loan-apps-in-india/
  7. https://www.credittnow.com/blog/rbi-approved-loan-apps-in-india
  8. https://www.mymudra.com/blog/top-10-personal-loan-app
  9. https://play.google.com/store/apps/details?id=com.indialends.android&hl=en
  10. https://www.fincover.com/banking/loan/personal/best-personal-loan-apps/

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