Looking for quick and easy access to loans? Here are the 15 best free loan apps for Android and iOS that offer flexible loans with minimal hassle. Download now and get instant approvals!
In this article, we’re going to walk you through 15 free loan apps for Android and iOS that can save your day when you’re in a financial bind. These apps are designed to offer quick loans with minimal paperwork, flexible repayment options, and some even without needing credit checks. Interested? Let’s dive right in!
अनुक्रम
Best Free Loan Apps For Android And iOS
1. MoneyTap
First up on our list is MoneyTap. This app offers an instant personal line of credit, meaning you can borrow as little or as much as you need, up to your approved limit. No more borrowing a large sum when all you need is a little cash!
Loan Type: Line of credit
Loan Amount: Up to ₹5,00,000
Available on: Android and iOS
Interest Rate: Pay interest only on the amount you use.
2. PaySense
Looking for a personal loan without all the fuss? PaySense lets you apply for loans with minimal documentation, and they’ll even give you an instant approval if you qualify.
Loan Type: Personal loan
Loan Amount: ₹5,000 to ₹5,00,000
Available on: Android and iOS
Interest Rate: Competitive rates starting at 1.08% per month
3. EarlySalary
With EarlySalary, you can get a short-term loan to cover your next big purchase or unexpected expense. Perfect for salaried individuals, this app processes loans fast and deposits the amount directly into your account.
Loan Type: Instant personal loan
Loan Amount: ₹8,000 to ₹5,00,000
Available on: Android and iOS
Interest Rate: Starts at 2% per month
4. CashBean
Need a quick loan without dealing with long paperwork or complex procedures? CashBean promises a fast loan disbursement straight to your bank account. It’s known for its simplicity and fast turnaround.
Loan Type: Short-term personal loan
Loan Amount: ₹1,500 to ₹60,000
Available on: Android and iOS
Interest Rate: Around 0.07% per day
5. Navi
Navi is a great app for personal loans, offering competitive interest rates and quick approvals. Plus, their user interface is sleek and super easy to use!
Loan Type: Personal loan
Loan Amount: Up to ₹20,00,000
Available on: Android and iOS
Interest Rate: Starts at 9.99% annually
6. Bajaj Finserv
A trusted name in the world of finance, Bajaj Finserv offers an app where you can apply for quick personal loans with a flexible repayment schedule.
Loan Type: Personal loan
Loan Amount: Up to ₹25,00,000
Available on: Android and iOS
Interest Rate: Varies depending on tenure
7. Dhani
Looking for a loan without having to submit endless documents? With Dhani, you can get an instant loan and a free virtual card. You also earn cashbacks on your purchases made through the app!
Loan Type: Personal loan
Loan Amount: ₹1,000 to ₹5,00,000
Available on: Android and iOS
Interest Rate: Starting from 1% per month
8. KreditBee
Another standout in the list of 15 free loan apps for Android and iOS, KreditBee offers short-term loans and personal loans for salaried professionals. The app provides quick approvals and fast transfers!
Loan Type: Instant personal loan
Loan Amount: ₹1,000 to ₹2,00,000
Available on: Android and iOS
Interest Rate: Starts at 0.99% per month
9. LazyPay
When it comes to simple and instant loans, LazyPay lives up to its name by taking the hassle out of borrowing. Just download the app, check your eligibility, and get an instant loan approval!
Loan Type: Personal loan
Loan Amount: Up to ₹1,00,000
Available on: Android and iOS
Interest Rate: Starts at 1.5% per month
10. True Balance
True Balance is more than just a loan app—it’s also a utility bill payment app! You can get instant cash and manage your finances all in one place.
Loan Type: Personal loan
Loan Amount: ₹5,000 to ₹50,000
Available on: Android and iOS
Interest Rate: 2.4% per month
11. mPokket
College students, this one’s for you! mPokket is designed to provide quick loans to students and salaried individuals. Whether it’s for books, rent, or even a night out, mPokket’s got your back.
Operating globally, Branch offers instant loans without requiring any collateral. With no late fees and flexible repayment options, it’s become a favorite for many.
Loan Type: Personal loan
Loan Amount: ₹1,000 to ₹50,000
Available on: Android and iOS
Interest Rate: Varies based on the user’s profile
13. ZestMoney
Known for its “buy now, pay later” feature, ZestMoney also offers personal loans. The app boasts zero-cost EMIs, making it perfect for those looking to spread out their payments over time.
Loan Type: Personal loan, EMI financing
Loan Amount: Up to ₹2,00,000
Available on: Android and iOS
Interest Rate: Starting at 0% on EMIs
14. RupeeRedee
Another fantastic app on the list, RupeeRedee provides short-term loans with minimal documentation. Ideal for urgent cash needs, the app is built for ease and speed.
Loan Type: Short-term personal loan
Loan Amount: ₹1,500 to ₹25,000
Available on: Android and iOS
Interest Rate: 0.75% per day
15. Credy
Last but definitely not least is Credy. This app offers personal loans with flexible payment schedules and no hidden fees. Credy also prides itself on being incredibly user-friendly.
Loan Type: Personal loan
Loan Amount: ₹10,000 to ₹1,00,000
Available on: Android and iOS
Interest Rate: Varies with tenure
FAQs
1. Are these loan apps really free to use?
Yes! The 15 free loan apps for Android and iOS mentioned here are free to download and use. However, like any loan, they do charge interest on the borrowed amount, and some may have processing fees.
2. Can I get a loan if I have a low credit score?
Many of these apps, like KreditBee and Dhani, offer loans with minimal or no credit checks. They’re designed for accessibility, even for those with less-than-perfect credit.
3. How quickly can I get the loan?
Most of these apps offer quick approvals and disbursements. Depending on the app, you could have funds in your account within minutes or a few hours.
4. What’s the catch?
While these loan apps are free to use, it’s essential to pay attention to interest rates and repayment terms. If you’re not careful, you could end up paying a hefty amount in interest, especially if you miss payment deadlines.
5. Are loan apps safe?
Yes, all of the apps listed here are legitimate and have security protocols in place to protect your data. Always download apps from official stores like Google Play or the App Store.
With so many options available, there’s no reason to stress when you need a quick loan. These 15 free loan apps for Android and iOS make borrowing money as simple as a few taps on your phone. Whether you need a little to get by until payday or a larger sum for an emergency, there’s an app out there ready to help you out. Just remember, borrowing responsibly is key—so make sure you understand the terms before hitting “accept”!
