Instant Payday Loans in India for Quick Finance

Written by: Kaushik Jethva

Last Updated: July 29, 2023

kreditbee personal loan application or software opened on google play store in smartphone
kreditbee personal loan app, application or software opened on google play store in smartphone

In today’s fast-paced world, financial crunches can hit us out of the blue, bringing in a sudden requirement for instant cash. That’s where instant payday loans come to our rescue. A phenomenon that was once exclusive to Western countries, payday loans in India have now garnered significant popularity, thanks to the advent of numerous instant cash loan apps. This comprehensive guide aims to shed light on instant payday loans in India, enabling you to navigate through your financial needs effectively.

1 What Are Instant Payday Loans?

Before we delve into the list of services providing instant payday loans in India, it’s crucial to understand what they are. Essentially, an instant payday loan is a short-term borrowing service designed to help people cover their immediate cash needs until their next payday arrives. These loans are typically easy to obtain, have short repayment periods, and are increasingly becoming the go-to choice for people seeking quick financial aid.

2 The Emergence of Online Payday Loans in India

The financial landscape in India has experienced a sea change over the past few years, courtesy of digital technology and innovative fintech startups. These new-age platforms have made it possible for consumers to get instant payday loans in India from the comfort of their homes, thereby bringing in a surge in their popularity. Let’s take a look at some of the top instant cash loan apps providing online payday loans in India.

3 List of Trusted and Legit instant payday loans in India


PaySense has carved a niche for itself by offering loans up to Rs. 5 lakhs to both salaried and self-employed individuals. What sets it apart is its user-friendly app interface and hassle-free loan application process. The interest rates range from 16.8% to 28% per annum, and the loan tenure varies from 3 to 60 months. PaySense also provides EMI calculators to help users plan their repayments better.

Download Link: Android


MoneyTap revolutionizes the way we borrow money by providing a personal line of credit to its customers. This feature allows users to borrow as little or as much within their credit limit, and they only need to pay interest on the amount they use. Their interest rates start as low as 13% per annum, and the credit limit can range up to Rs. 5 lahks. MoneyTap’s app comes equipped with a straightforward application process, making it a popular choice for instant payday loans in India.

Download Link: MoneyTap | IOS


This is a unique instant cash loan app that provides a salary advance to its users. The loan amount ranges from Rs. 8,000 to Rs. 5 lakh with interest rates starting from 24% per annum. One of the standout features of EarlySalary is its zero prepayment charges, allowing users to clear their loans earlier if they wish, without incurring extra fees.


CashE provides short-term personal loans to young salaried professionals based on a unique model that uses machine learning algorithms to assess their creditworthiness. The loan amount varies from Rs. 5,000 to Rs. 2 lakhs with a flexible repayment tenure between 2 months to 1 year. The app’s user-friendly design and quick approval process make it a favourite amongst millennials seeking online payday loans in India.

Download Link: CashE | IOS


KreditBee specialises in providing instant personal loans to young professionals. They offer loans ranging from Rs. 1,000 to Rs. 2 lakhs with a flexible repayment tenure from 2 months to 15 months. The interest rates start from 0% up to 2.49% per month. Their minimal documentation requirement and quick loan disbursal process make it a convenient option for individuals in urgent need of funds.

Download Link: KreditBee | IOS


MoneyView offers personal loans ranging from Rs. 10,000 to Rs. 5 lakhs. The interest rates start from 1.33% per month, and the repayment tenure varies from 12 to 60 months. What sets MoneyView apart is its 2-hour loan approval process and 24-hour loan disbursal, making it an ideal choice for those seeking instant payday loans in India.

Download Link: MoneyView


FlexSalary acts as a virtual credit facility, offering a personal line of credit up to Rs. 2 lakhs. Their interest rates start from 20% per annum. The most unique feature of FlexSalary is that they allow the borrower to choose the loan tenure and repayment amount, providing them with complete control over their financial planning.

Download Link: FlexSalary | IOS

4 How to Choose the Right Instant Cash Loan App?

Choosing the right instant cash loan app can be tricky, given the numerous options available. Here are a few pointers that can guide you:

Interest Rate: Consider the interest rate offered by different instant payday loans in India. While these loans might be easy to get, they could have high-interest rates.

Credibility: Make sure to choose a platform that’s reliable and has good reviews from its users.

Loan Disbursal Time: If you’re in urgent need, the time it takes for the loan to get disbursed is a critical factor.

Customer Service: Lastly, customer service is an important aspect to consider. The app should provide good customer service to address any queries or problems you might encounter.

5 Wrapping Up

The rise of instant payday loans in India has undoubtedly made it easier for people to handle financial emergencies. These loans, available on various online platforms, are a boon to individuals who need immediate financial aid. However, remember to read the terms and conditions carefully before availing of these loans.

Whether it’s to cover an unexpected medical bill, finance a trip, or just tide over till the next paycheck, instant payday loans in India offer a quick and convenient solution. Make sure to use this guide to navigate the landscape of online payday loans in India effectively. With this knowledge, you can make an informed decision about which instant cash loan app suits your needs best.

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Kaushik Jethva
Written by: Kaushik Jethva author

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Updated: July 29, 2023
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