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10 Best Short Term Loan Apps in India: Instant Approval & Flexible Repayment in 2025
Published : July 2, 2025, 3:08 PM
Updated : July 2, 2025, 3:08 PM
Author :
Jessica
Table of Contents
A short-term loan app provides the most practical and efficient solution when faced with an immediate financial requirement between paychecks. These digital platforms are designed to offer quick access to cash for a brief period, helping you manage urgent expenses without the burden of a long-term commitment. A temporary loan app streamlines the borrowing process, enabling you to apply for and receive funds directly on your smartphone, often within the same day, making it an ideal choice for temporary financial support.
List of 10 Best Short Term Loan Apps in India 2025
Choosing the right instant short term loan app is crucial. Below is a list of trusted platforms in India, with NoBroker InstaCash presented first for its competitive rates, followed by other popular apps with varying interest structures.
| App Name | Google Play Rating |
|---|---|
| NoBroker InstaCash | 4.9 ⭐ |
| KreditBee | 4.6 ⭐ |
| LazyPay | 4.6 ⭐ |
| SmartCoin | 4.6 ⭐ |
| mPokket | 4.5 ⭐ |
| Fibe (EarlySalary) | 4.5 ⭐ |
| PaySense | 4.5 ⭐ |
| CASHe | 4.4 ⭐ |
| Navi | 4.3 ⭐ |
| LoanTap | 4.1 ⭐ |
Top Short Term Loan Apps - Detailed Information
Here is a comprehensive look at the features and offerings of the best short term loan apps. This detailed information will help you understand which platform best suits your specific financial needs.
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1. NoBroker InstaCash (4.5 ⭐)
NoBroker InstaCash is a feature within the NoBroker platform that provides a quick cash loan solution. It is designed to be a fast and straightforward way to secure funds for immediate needs, with a fully digital process making it a convenient personal loan option.
Quick Info About NoBroker InstaCash
| Feature | Details |
| Loan Amount Range | ₹5,000 to ₹1 Lakh |
| Interest Rate | Starting from 12.99% p.a. |
| Processing Fee | 2% of the loan amount |
| Tenure | 3 to 12 months |
| Disbursal Time | Within 24-48 hours |
| Pros | Competitive interest rates, completely digital process, flexible repayment options. |
| Cons | Disbursal can take up to two days, not instantaneous. |
2. KreditBee (4.6 ⭐)
KreditBee is a well-known instant short-term loan app that offers quick and easy loans to many customers. It provides flexible personal loans perfect for short-term needs and has a fast and straightforward application process.
Quick Info About KreditBee
| Feature | Details |
| Loan Amount Range | ₹1,000 to ₹4 Lakh |
| Interest Rate | Up to 29.95% p.a. |
| Processing Fee | Varies with the loan product |
| Tenure | 3 to 24 months |
| Disbursal Time | As quick as 15 minutes |
| Pros | Extremely fast disbursal, serves a broad audience, and offers multiple loan products. |
| Cons | Interest rates and fees can be high depending on the user's profile. |
3. LazyPay (4.6 ⭐)
LazyPay is famous for its "buy now, pay later" feature, but it also offers instant personal loans. It's a highly rated temporary loan app that offers a seamless digital experience for users needing quick credit.
Quick Info About LazyPay
| Feature | Details |
| Loan Amount Range | Up to ₹5 Lakh |
| Interest Rate | 18% to 32% p.a. |
| Processing Fee | 2% of the loan amount |
| Tenure | 3 to 24 months |
| Disbursal Time | Within minutes |
| Pros | Instant loan approval, well-integrated with other payment services. |
| Cons | Interest rates can be high. |
4. SmartCoin (4.6 ⭐)
SmartCoin is a user-friendly platform that excels at providing small instant loan apps. It caters to individuals across India, including those in underserved areas, and focuses on quick and simple access to small-ticket loans.
Quick Info About SmartCoin
| Feature | Details |
| Loan Amount Range | ₹1,000 to ₹2 Lakh |
| Interest Rate | Starting from 20% p.a. |
| Processing Fee | Varies based on risk assessment |
| Tenure | 62 days to 1 year |
| Disbursal Time | Within a few hours |
| Pros | Great for small loan amounts, accessible to various credit profiles. |
| Cons | Interest rates can be high for new borrowers. |
5. mPokket (4.5 ⭐)
mPokket is one of the most popular mobile loan apps with short tenure, especially among students and young salaried professionals. It is perfect for securing small amounts of money quickly, making it one of the leading small instant loan apps.
Quick Info About mPokket
| Feature | Details |
| Loan Amount Range | ₹500 to ₹30,000 |
| Interest Rate | Up to 4% per month (48% p.a.) |
| Processing Fee | ₹34 to ₹203 + GST |
| Tenure | 61 to 120 days |
| Disbursal Time | Within 10 minutes |
| Pros | Very fast disbursal, ideal for students, and easy application process. |
| Cons | High-interest rates, very short repayment period. |
6. Fibe (formerly EarlySalary) (4.5 ⭐)
Fibe is a leading name among salary advance apps. It provides instant cash loans to salaried individuals to help them manage their finances between paydays. Its process is quick, digital, and designed for user convenience.
Quick Info About Fibe
| Feature | Details |
| Loan Amount Range | ₹5,000 to ₹5 Lakh |
| Interest Rate | Starting from 12% p.a. |
| Processing Fee | Starting from 2% of the loan amount |
| Tenure | 3 to 24 months |
| Disbursal Time | Within minutes of approval |
| Pros | Instant disbursal, specifically for salaried employees, and competitive rates. |
| Cons | Requires a minimum salary for eligibility. |
7. PaySense (4.5 ⭐)
PaySense, now merged with LazyPay, is a quick loan app that offers instant personal loans with an easy process. It is an excellent option for those who need a slightly larger amount for a short duration with flexible repayment terms.
Quick Info About PaySense
| Feature | Details |
| Loan Amount Range | ₹5,000 to ₹5 Lakh |
| Interest Rate | 16% to 36% p.a. |
| Processing Fee | Up to 3% of the loan amount |
| Tenure | 3 to 60 months |
| Disbursal Time | Within a few hours to 2 days |
| Pros | Easy-to-use interface, available for both salaried and self-employed. |
| Cons | Disbursal time can vary. |
8. CASHe (4.4 ⭐)
CASHe is a popular digital lending platform that provides short-term cash loans online to salaried individuals. The CASHe instant short-term loan is known for its quick approval process based on a proprietary credit scoring algorithm.
Quick Info About CASHe
| Feature | Details |
| Loan Amount Range | ₹1,000 to ₹4 Lakh |
| Interest Rate | Starting from 30% p.a. |
| Processing Fee | Varies from ₹500 to ₹1,200 |
| Tenure | 3 months to 1.5 years |
| Disbursal Time | Within minutes |
| Pros | Fast processing and disbursal, good for salaried individuals. |
| Cons | High-interest rates and processing fees. |
9. Navi (4.3 ⭐)
Navi is a financial services company that offers instant personal loans through a completely paperless process. It's known for its fast approvals and disbursals, making it an excellent choice for an urgent loan app.
Quick Info About Navi
| Feature | Details |
| Loan Amount Range | Up to ₹20 Lakh |
| Interest Rate | Starting from 9.9% p.a. |
| Processing Fee | Up to 3.99% of the loan amount |
| Tenure | Up to 72 months |
| Disbursal Time | Within minutes |
| Pros | 100% paperless process, instant disbursal, competitive interest rates. |
| Cons | The app-only approach might not be suitable for everyone. |
10. LoanTap (4.1 ⭐)
LoanTap offers a variety of flexible loan products, including EMI-free loans and short-duration personal loan apps. It caters to the unique needs of salaried professionals, providing customised solutions that differ from traditional loans.
Quick Info About LoanTap
| Feature | Details |
| Loan Amount Range | ₹50,000 to ₹10 Lakh |
| Interest Rate | 18% to 24% p.a. |
| Processing Fee | 2% + applicable taxes |
| Tenure | 6 to 60 months |
| Disbursal Time | Within 24-36 hours |
| Pros | Flexible repayment products and higher loan amounts are available. |
| Cons | Higher minimum loan amount, longer disbursal time. |
What are the eligibility criteria for a short term loan?
The eligibility for short-term loans is generally simple and easy to meet. Here are the common requirements set by most payday loan apps in India.
- You must be a citizen of India.
- The applicant's age must be between 21 and 60 years.
- You should have a steady monthly income (salaried or self-employed).
- An active bank account is required for fund transfer.
What documents are required for a short-term loan?
A major advantage of these apps is the minimal documentation. The entire process is digital. Here are the basic documents you will need to provide.
- Proof of Identity: Your PAN card is mandatory.
- Proof of Address: Your Aadhaar card is the standard document.
- Photograph: A live selfie captured through the application.
Features and Benefits of NoBroker InstaCash app?
NoBroker InstaCash provides a seamless borrowing experience. Here are some key features that make it the best app for short term loan seekers.
- Competitive Interest: Offers some of the more attractive interest rates in the market.
- Fully Digital: The complete process, from application to repayment, is paperless.
- Flexible Tenure: Provides convenient and flexible repayment terms to suit your budget.
- Transparent Charges: There are no hidden charges; all fees are clearly stated upfront.
- Secure Platform: Employs advanced encryption to ensure your personal data remains safe.
How to get a short term loan without a CIBIL Score?
Getting a loan without a CIBIL score is possible, as many apps use alternative data. Here is how you can apply on a platform like NoBroker InstaCash.
- Step 1: Complete your profile on the NoBroker app, providing accurate personal and employment details. Lenders often consider your income stability as a key factor.
- Step 2: Link your bank account through the secure portal. The app may analyse your bank statement digitally to verify your income and financial health.
- Step 3: Based on this alternative data assessment, the platform will determine your eligibility and provide a loan offer, even without a strong CIBIL history.
Frequently Asked Questions
Ans: The best app depends on your needs. For low-interest rates, NoBroker InstaCash is a strong option, while for speed, apps like mPokket and Fibe are excellent.
Ans: It is difficult, as most apps require a steady income. However, some apps may not ask for salary slips; instead, they verify income through the digital analysis of your bank statements.
Ans: Yes, apps registered with the RBI or partnering with regulated NBFCs are safe. Always check the app’s credentials and user reviews before applying.
Ans: With many instant loan apps, you can receive the funds in your bank account within minutes to a few hours after your application is approved.
Ans: The repayment period is typically short, ranging from 61 days to 12 months, depending on the app and the loan amount.
Ans: Yes, your repayment behaviour is reported to credit bureaus. Timely payments can help improve your credit score, while missed payments can damage it.
Ans: Missing a payment will result in late fees and penalty charges. It will also be reported to credit bureaus, negatively impacting your credit score.
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