Top 25 Instant Personal Loan Apps in India that provides instant cash loan

Traditional banks take a lot of time to process a personal loan application. If you need an instant personal loan, there are many Instant Personal Loan Apps available in India that provide instant loans. These Urgent Loan Apps offer loans at much lower interest rates than banks and without any collateral or guarantor, making the process very simple and convenient. Through these apps, you can get instant cash loan safely within an hour or even a few minutes.

Types of Instant Personal Loan Apps

Instant cash loan apps give you a convenient way to get quick cash. But it is important to understand the different types of loans they offer before applying. Let me tell you about some of the common options:

  1. Personal Loan : It provides traditional loans for various purposes like medical bills, home improvement, debt consolidation, etc. The loan amount can range from Rs 1,000 to Rs 15 lakh, and can be availed for a tenure of 3 months to 5 years.
  2. Credit Line : This is a revolving credit limit from which you can withdraw and repay money as per your need, just like a credit card.
  3. Buy Now Pay Later (BNPL) : In this, your purchase price is divided into short-term (usually 3-6 months) instalments without interest.
  4. Zero Interest for 30 Days : A loan without interest for 30 days can be a good option. In this, you can usually take a loan of an amount ranging from Rs 1,000 to Rs 1,00,000, on which no interest will be charged for the first 30 days. This loan is mainly designed to meet short-term needs like emergency expenses. However, if you are unable to repay this loan amount within 30 days, a very high interest rate will be applicable. Also, some processing fees or other charges may also be levied.

Best Instant Personal Loan Apps in India

List of Best Instant Personal Loan Apps in India:

AppInterest Rate Range*Loan Amount Range (₹)Best For
MoneyTap1.08% – 36%Up to 5 lakhCompetitive rates, flexible repayment options
PaySense1.4% – 2.3% p.m.Up to 5 lakhLow monthly interest rates, instant approvals
DhaniUp to 34% p.a.Up to 10 lakhGood for salaried individuals, loyalty rewards
IndiaLendsUp to 35% p.a.Up to 5 lakhFast approvals, multiple lenders comparison
CreditBee15% – 29.95% p.a.Up to 1 lakhSmall loans for quick needs
NIRA LoansUp to 35% p.a.Up to 5 lakhWomen-focused loans, flexible repayment
CashUp to 36% p.a.Up to 2 lakhInstant approvals, small loans
Money View1.33% p.m. onwardsUp to 5 lakhTransparent pricing, good customer support
Fibe12% – 36% p.a.Up to 5 lakhSimple app interface, fast approvals
SmartCoinUp to 35% p.a.Up to 2 lakhFlexible repayment options, instant approvals
Home CreditUp to 36% p.a.Up to 5 lakhWide range of loan products, good customer service
LazyPayUp to 35% p.a.Up to 1 lakhPay later option for online purchases, instant approvals
mPokedUp to 35% p.a.Up to 1 lakhQuick loans for students and young professionals
FlexSalaryUp to 36% p.a.Up to 5 lakhSalaried employee loans with flexible tenures
Bajaj FinservUp to 35% p.a.Up to 5 lakhMultiple loan options, wide reach
StashFinUp to 36% p.a.Up to 5 lakhFlexible repayment, quick disbursals
WhoseUp to 35% p.a.Up to 10 lakhLine of credit for everyday needs
ZestMoneyUp to 35% p.a.Up to 2 lakhBuy now, pay later for online purchases
simplicityUp to 35% p.a.Up to 10 lakhPay later option for online stores, fast approvals
LoanTapUp to 36% p.a.Up to 10 lakhMultiple lenders comparison, fast disbursals
MobiKwik ZipUp to 35% p.a.Up to 1 lakhBuy now, pay later for online purchases
Amazon Pay LaterUp to 35% p.a.Up to 1 lakhConvenient option for Amazon purchases
Flipkart Pay LaterUp to 35% p.a.Up to 1 lakhEasy way to pay later on Flipkart purchases
SliceUp to 35% p.a.Up to 5 lakhMulti-purpose app for payments, borrowing, and spending
PostPe18% – 70%Up to 10 lakhScan-and-pay, cash loans, bill conversions to EMI

Note: Interest rates and loan amount may vary depending on individual credit capacity and other factors.

I can understand how frustrating the situation can be when one needs urgent cash.

The process of taking personal loan from traditional banks is very complicated and time consuming, while the interest rates on credit cards are quite high. Asking for loan from friends and relatives is also not possible for everyone.

In such a situation, Instant Personal Loan Apps provide a great option. With the help of these apps, you can get instant loan online, in less time and without paperwork. I believe that these apps will help reduce your trouble.

To get instant cash loan in India you can try these 35 Best Instant Personal Loan Apps which provide instant cash loan:

25 Best Instant Personal Loan Apps

1. MoneyTap

MoneyTap is an app-based personal loan platform that lets you borrow instant loans ranging from ₹3,000 to ₹5 Lakh .

MoneyTap Features:

  • Line of Credit upto Rs 5 Lakh:  Withdraw and repay as you please, just like an ATM card!
  • Approval in 4 minutes:  Quick loan disbursal, less paperwork
  • Repayment as per your choice:  Repay the loan anytime between 3 months to 3 years, your convenience is paramount!
  • Multiple payment methods:  NEFT/IMPS, EMI, or bank transfer, as you prefer
  • No guarantee, no security:  Leave the hassle, just take a loan
  • 24/7 access:  Manage your loan anytime, anywhere from the app
  • Transparent fees:  No hidden charges, everything is clear
  • Exclusive offers:  Lots of discounts on partner brands

MoneyTap Interest and Fees

Annual Interest15% to 36%
Processing Fees2% to 4% of the loan amount
Late Payment Fees2% per month on outstanding amount

2. PaySense

PaySense is a popular instant loan app in India that offers quick and easy loan options. Let’s take a look at its features:

Features of PaySense

  • Loan up to Rs 5 lakh:  From small expenses to big needs, PaySense offers loan up to Rs 5 lakh.
  • Approval in 2 hours:  Quick approval process, less paperwork!
  • Flexible Repayment:  Choose a repayment term from 3 months to 60 months, as per your convenience!
  • No guarantee, no security:  Just take the loan, no need for anything!
  • 24/7 access:  Manage loans anytime, anywhere from the app, just like a bank account!
  • Transparent Fees:  No hidden charges, everything is explained clearly!
  • Fast Track Processing:  Get your loan within a few hours, don’t wait anymore!
  • Credit Score Boosting:  Increase your credit score by paying off your loans!

PaySense Interest and Fees:

PaySense interest rates range from 16% to 36% per annum. Processing fees can range from 2% to 4% of the loan amount. Late payment fees also apply, so it is important to repay the loan on time.

3. Dhani No-EMI Personal Loan

If you are looking for an easy loan without EMI, then Dhani’s No-EMI Personal Loan can be a great option for you! You can get this loan without interest and without processing fees.

Features of Dhani No-EMI Personal Loan

  • No EMI:  Just return the principal amount after 90 days.
  • No Interest:  0% interest on loan.
  • Unlimited Doctor Consultations:  Get quality healthcare 24×7.
  • Discount on medicines:  Branded medicines up to 50% cheaper.
  • No processing fees or other charges:  Just one flat monthly subscription fee.
  • Free Dhani Rupay Card:  Valid at 30 lakh+ online & offline stores.

Dhani Interest and Fees:

Dhani’s interest rates range from 13.99% to 29.99% per annum. Processing fees can range from 2% to 4% of the loan amount. Late payment fees are also applicable, so it is important to repay the loan on time.

4. IndiaLends

IndiaLends is a platform that helps you find and compare loan offers from different banks and NBFCs. Here are the features that make it special:

Features of IndiaLends:

  • Loan Comparison:  Compare loan offers from multiple banks and NBFCs at one place, find the best deal!
  • Instant Credit Score Check:  Check your credit score instantly & for free, increase your chances of getting a loan!
  • Personal Loan:  Get a loan of up to Rs.15 lakh for medical bills, household works, or other needs.
  • Home Loan : Get loans at best interest rates to build your dream home.
  • Gold Loan : Get instant loan by pledging gold jewellery.
  • Credit Cards:  Find the credit card that best suits your needs.
  • EMI Calculator:  Estimate EMI and total cost before availing a loan.
  • Expert Guidance:  Get advice from experts to help you through the loan process.

IndiaLends Interest and Fees:

IndiaLends does not provide loans itself but shows you offers from various banks and NBFCs. Hence, interest rates and fees will vary. Look at and compare the interest rates and fees of each loan offer carefully.

5. CreditBee

KreditBee is a popular instant loan app that lets you get quick and easy loans for small expenses. Here’s a look at its key features:

Features of KreditBee:

  • Loan up to Rs 1 lakh:  From broken taps to bike repair, loan up to Rs 1 lakh for small expenses.
  • 2 Minute Approval:  Less paperwork, loan approval in just a few minutes!
  • Flexible Repayment:  Choose a repayment term from 2 months to 6 months, as per your convenience!
  • Pre-Closure Option:  Repay the loan early and save interest!
  • Money-back offers:  Shop at partner stores and get cashback!
  • 24/7 Access:  Manage loans anytime, anywhere with the app, right in your pocket!
  • No Guarantee, No Security:  Just take the loan, no need for anything!

KreditBee Interest and Fees:

CreditBee’s interest rates range from 0% to 29.95% per annum. Processing fees can range from 2% to 6% of the loan amount. Late payment fees are also applicable, so it is important to repay the loan on time.

6. NIRA Loans

NIRA is a fintech company that provides line of credit to salaried professionals in India. The personal loan extended to you is in the form of a line of credit.

  • NIRA Loan works in collaboration with RBI regulated NBFCs and banks, hence is safe and reliable.
  • The loan amount can range from ₹5,000 to ₹1,00,000.
  • Interest rates can range between 24% to 36%.


CASHe is a personal loan app that gives you instant loans ranging from ₹1,000 to ₹4,00,000. Let’s take a look at the features of this app:

Features of CASHe:

  • Loans from ₹1,000 to ₹4,00,000 without guarantee or security
  • Completely paperless loan application
  • Repayment period of more than 3 months
  • Zero foreclosure charges
  • Enjoy online shopping without interest
  • Loan amount immediately transferred to your bank account
  • Loan repayment through different payment methods

CASHe Products:

  • Instant Personal Loan:  Get an instant loan for your needs! CASHe offers various personal loans like car loan, home renovation loan, education loan, wedding loan, etc. with tenures ranging from 3 months to 1.5 years.
  • CASHe Credit Line:  One approval, multiple loans. Apply for a credit line for a tenure of 1 year with less paperwork and instant approval on the CASHe app, and avail short-term loans for emergency and shopping needs.
  • Buy Now Pay Later with CASHe:  Get instant online shopping loans with 0%* interest on the CASHe app. You can use these Buy Now Pay Later loans to shop online on leading platforms like Amazon, Flipkart, BigBasket and Myntra. Pay your bills later with easy EMIs.
Rate of interest30.42% to 47.76% per annum
Repayment Period3 Months to 18 Months

8.Money View Personal Loan App

MoneyView app gives you instant personal loans ranging from ₹5,000 to ₹10 Lakh for all your needs! Let’s look at its features and interest rates:

Features of Money View:

  • Loan amount: ₹5,000 to ₹10 lakh.
  • Repayment period: 3 months to 5 years.
  • Interest Rates: 16% to 39% per annum (APR).
  • Processing fee: 2% to 8%.
  • No hidden charges, everything is transparent!
  • 100% paperless process.
  • Loan approval in minutes.
  • Available in over 5000 locations for prices above ₹5000.

What’s new?

  • Enjoy new age banking with moneyview Digital Savings A/c powered by Suryoday Bank! Instantly activated virtual card, cashback on spends and much more!

Why choose MoneyView?

  • Own Credit Model: Get better offers regardless of your credit score!
  • Easy EMI: Repay the loan as per your convenience in 3-60 months.
  • No hassles: 100% paperless application process.
  • Completely transparent: No hidden charges, no surprises!

MoneyView Interest and Fees:

Loan Amount₹5,000 to ₹10 lakh
Repayment Period3 months to 5 years
Rate of interest16% to 39% per annum
Processing Fees2% to 8%

9. Fibe Instant Personal Loan App

Fibe app is an instant personal loan app that can give you a loan of ₹5,000 to ₹5 lakh in 2 minutes. Only 3 documents are required to avail the loan and the process is completely digital.

Features of Fibe:

  • Loan amount: ₹5,000 – ₹5 lakh
  • Loan disbursement time: 2 minutes
  • Loan tenure: 3 – 36 months
  • Completely digital process
  • Less paperwork
  • no guarantee needed
  • No charges on pre-payment

Fibe’s interest rates and fees:

Processing FeeUp to 3% of the loan amount
Bounce Charges₹500
Late payment charges₹500 or 3% of the loan amount, whichever is higher
Stamp Duty0.1% of the loan amount
Rate of interestStarting from 2% per month

10. SmartCoin – Personal Loan App

SmartCoin is a fintech company that provides its customers with a platform to offer user-friendly and scalable loans. The SmartCoin app gives you instant personal loans, that too for a tenure of just 2 months to 12 months. The loan is disbursed through a completely digital process and is transferred to your bank account within minutes.

SmartCoin Features:

  • Loan up to ₹1 lakh
  • RBI Registered Lenders
  • Completely digital process
  • Less paperwork
  • no guarantee needed
  • Available all over India
  • Easy repayment options
  • Direct fund transfer to your account within minutes
  • Available in 7 languages ​​(English, Hindi etc.)

SmartCoin interest rates and fees:

Loan AmountMaximum ₹1 Lakh
TenureMinimum 2 months, Maximum 12 months
Rate of interest30% to 90% p.a.
Processing FeesUp to 3.54% of the loan amount
Pre-closure chargesnobody

10. Home Credit

Home Credit India is a part of the international Home Credit Group which has presence in ten countries in Europe and Asia.

With the Home Credit app, you can get an instant personal loan of up to ₹5 lakh, with approval in just 5 minutes! Only 2 documents are required for the loan and the process is completely online.

Features of Home Credit:

  • Instant loan approval – loan can be availed within 5 minutes
  • Quick loan disbursal – Money is transferred directly into your bank account after approval
  • Trusted Loan App – With over 16 million happy customers, Home Credit is one of the most trusted loan apps
  • Only 2 documents required – PAN and Aadhar card
  • 100% Safe – No Hidden Charges
  • Easy repayment – ​​repay the loan through multiple modes
  • Loans for all needs – Avail loans for medical emergencies, home repairs, education, travel or even marriage

Home Credit Interest Rates and Charges:

Loan AmountMaximum ₹5 Lakh
Lowest Annual Percentage Rate (APR)20%
Maximum APR49.5%
Minimum repayment period6 months
Maximum Repayment Period48 Months
Processing Fees2.5% to 5%
Convenience charges0 to ₹250

11. LazyPay: Loan App & Pay Later

LazyPay is powered by PayU. LazyPay is a loan app that gives you a free credit limit of up to ₹10,000 which you can use across 45,000+ online stores and merchants! Simply pay the total amount every 15 or 30 days, interest-free.

Features of LazyPay:

  • XpressLoan:  Instant personal loan up to ₹5 lakh with interest rates ranging from 15% to 32% p.a.
  • BillPay:  Utility bill payments for 20,000+ billers.
  • Buy Now Pay Later:  Shop with “Pay Later” option at 100+ merchants.
  • No-Cost EMI:  Enjoy no-interest or low-interest EMIs on stores like Flipkart and Amazon.

LazyPay Interest Rates and Charges:

FeaturesRate of interestProcessing Fees
XpressLoan15% – 32% p.a.2%
Revolve36% – 42%nobody
Convert to EMI24% (3 months), 26% (6 months)nobody

12. mPokket: Instant Loan App

mPokket app can get you an instant personal loan of ₹500 to ₹45,000, that too in just a few minutes! This app is for both students and salaried people and has won the trust of more than 1.5 crore Indians. The loan process is completely online and it is the safest loan app.

Features of mPokket:

  • Loan from ₹500 to ₹45,000
  • Interest Rate – 0% to 4% per month
  • Loan tenure – 61 days to 120 days
  • Get instant loan
  • Flexible repayment options
  • Reward for timely repayment

mPokket Interest Rates and Charges:

ExampleLoan AmountTenureRate of interestProcessing FeesGSTTotal InterestAPR
For student or salaried loan₹20003 months24% per annum₹200₹36₹12071%
  • Student (College ID proof required)
  • Salaried (salary should be more than ₹9,000)

13. FlexSalary Instant Loan App

The FlexSalary app can give you an instant loan of up to ₹2 lakh, that too just by showing your salary slip! The loan is completely online and is available without any guarantee.

Features of FlexSalary:

  • Loan up to ₹2 lakh
  • Interest rates ranging from 18% to 36.5%
  • Loan tenure of 10 to 36 months
  • Flexible EMI
  • Loan approval in minutes
  • get same day loan
  • No hidden charges

13.Bajaj Finserv

Bajaj Finserv offers personal loans that are instantly approved and disbursed within just 24 hours. These collateral-free loans are offered to women, government and public sector unit (PSU) employees, school students, college professors, etc. The Bajaj Finserv app is an all-in-one financial app to meet your 40 million+ needs. You can avail loans, make payments, invest and buy insurance.

Features of Bajaj Finserv:

  • Loans:  Apply online for Personal Loan, Home Loan, Gold Loan, Doctor Loan, Business Loan etc. Get loan up to ₹40 lakh.
  • No-Cost EMI:  Shop millions of products without any interest. EMI option on 1 million+ products.
  • Bajaj EMI Card:  Apply online, view limit & pay EMI. Use at 1.5 lakh+ stores.
  • Bill Payments & Recharges:  Pay bills for electricity, water, gas, broadband etc. Recharge your mobile and get cashback.
  • BHIM UPI:  Create UPI ID, send/receive money and pay bills by scanning QR code.
  • Credit Card:  Apply for Bajaj Finserv-RBL Credit Card. Make bill payments, withdraw cash and earn reward points.
  • Fixed Deposit:  Start with ₹15,000, earn high interest and even avail loans.
  • Mutual Funds:  Start investing from ₹100. Invest through Monthly SIP or Lumpsum.
  • Insurance:  Health Insurance, Motor Insurance and Pocket Insurance etc.
  • App in App:  100+ brand partners for shopping, food, travel, home-furnishing etc.

15. StashFin

Stashfin is one of India’s fastest, easiest, safest and smartest credit line and personal loan apps. It is powered by Akara Capital Advisors, an RBI registered NBFC. The app lets you avail instant personal loan up to ₹5 lakh with low interest rates and flexible repayment plans.

Key features of StashFin:

  • Credit line from ₹1,000 to ₹5 Lakh directly into your bank account.
  • Interest paid only on funds utilised.
  • Flexible repayment tenor from 3 months to 36 months.
  • Minimal documentation, instant approval and quick loan disbursement.
  • Transparent pricing. No hidden charges.
  • Completely safe process.
  • No joining fees.

Stashfin’s partners:

Stashfin has partnered with reputed and regulated entities such as SBM Bank, DMI Finance, Visu Leasing Finance, AU Small Finance Bank, Kisetsu Saison Finance, Chola Finance and Western Capital.

16. Kissht: Instant Line of Credit

Kissht is a popular loan app in India that gives you instant loans up to ₹2 lakh. Its process is simple and requires less documentation. Usually it takes only 5 minutes from registration to getting the loan.

Main features of Kissht:

  • Instant loan up to ₹2 lakh
  • Minimum documents required
  • 100% digital process
  • Immediate loan disbursement upon approval
  • Interest rate of 18% – 36% p.a.
  • Loan tenure up to 24 months
  • Anytime top-up facility
  • Partnership with RBI-registered NBFCs

Kissht Loan Interest Rate and Charges

  • Loan amount: ₹1,000 to ₹2 lakh
  • Interest Rate: 18% to 36% per annum (APR)
  • Loan tenure: 6 months to 24 months
  • Processing fee: Up to 3% of loan amount
  • Minimum Monthly Income: ₹8,000

17. ZestMoney – Shop on easy EMIs

ZestMoney is a digital financing app that lets you shop easily on EMIs. You can choose a flexible EMI tenure of 30 days, 3 months or 4 months. You can get a loan even without a credit card or CIBIL score. ZestMoney partners with Amazon, Flipkart, MakeMyTrip, Myntra, Yatra and 10,000+ online stores.

Benefits of ZestMoney:

  • Easy EMI:  You can pay in 30 days, 3 months or 4 months installments.
  • 10,000+ online & 85,000+ offline stores:  You can shop across multiple stores like Amazon, Flipkart, MakeMyTrip, Yatra, Mi, Oyo, Sangeetha Mobiles, and more.
  • Completely digital process:  You don’t have to do any kind of paperwork.
  • Instant loan approval and disbursement:  You will receive instant approval for the loan and the money will be transferred to your account.
  • No credit card or CIBIL score required:  You can avail a loan even without a credit card or CIBIL score.
  • No credit card or CIBIL score required
  • Zero Down Payment
  • Zero application fee
  • No pre-closure charges

18. Simpl: Shop Now. Pay Later

Simpl Pay Later is an app that lets you shop online and pay later without any hassle. It simplifies shopping without the need for OTPs or passwords.

The main features of Simpl:

  • Instant Payment : Make instant payments on many popular brands like Blinkit, MakeMyTrip, Dunzo, JioMart, Zepto, Tata 1mg, Nykaa, UrbanCompany, Zomato, Bigbasket and more.
  • Billbox:  Pay bills like electricity, water, gas, postpaid and mobile recharge with ease.
  • Pay-in-3:  At select merchants, you can choose to complete the payment in 3 parts over 2 months without any interest or hidden charges.
  • Zero Interest or Hidden Charges:  Simpl is one of the few BNPL apps in India that allows you to shop online without any interest or hidden charges.
  • Quick refund on cancellation:  Say goodbye to the worry of delayed refunds on order cancellation. With the Simpl Payments app, you can get a refund in seconds.
  • Minimal KYC:  You can use Simpl BNPL in minutes with minimal paperwork for verification.

19. LoanTap: Instant Personal Loan

LoanTap is an app that offers instant personal loans ranging from ₹50,000 to ₹10,00,000 to working professionals. It requires fewer documents and the loan process is completely online. Flexible options are also offered for repaying the loan.

Key features of LoanTap:

  • Different Types of Loans: Personal Loan, EMI Free Loan, House Owner Loan, Rental Deposit Loan, Holiday Loan, Marriage Loan etc.
  • Customised Loans: Loan offers tailored to your needs, quick disbursal and flexible repayment options.
  • Secure data system: Your information stays encrypted and secure.
  • Quick approval and disbursement: Easy online loan approval process; quick loan disbursal within 24-36 hours.
  • User Friendly: Easy, useful and smooth customer experience.
  • Transparent process: No additional charges for foreclosure, no unexpected costs and strong customer support.
  • Flexible repayment options: Option for quick repayment of the outstanding principal.
  • Minimal Documentation: You need to provide only the basic minimum documentation for all our personal loan products.

LoanTap Interest Rates and Fees

Loan Amount₹50,000 to ₹10,00,000
Rate of interest16% to 24% (depending on loan type)
Minimum Duration12 Months
Maximum Duration60 Months
Maximum Annual Percentage Rate (APR)29%

20. MobiKwik Zip: Buy Now, Pay Later

MobiKwik Zip is a very convenient Buy Now Pay Later (BNPL) facility that allows customers to pay in easy installments both online and offline. It offers a shopping credit limit of up to ₹60,000 which customers can use at many leading retail stores like Flipkart, Big Basket etc. by dividing it into easy EMIs of 3, 6, 9 or 12 months. There is no interest if the payment is made on time. It is a very simple, paperless and quick approval facility.

Key features of MobiKwik Zip Loan:

  • Bill Payments:  Supports 300+ billers including mobile recharge, DTH recharge, electricity, broadband, water, piped gas, LPG booking, Fastag, property tax, traffic challan etc. Credit card bill payment option is also available.
  • BHIM UPI:  Secure and fast UPI experience. Send and receive money directly to any UPI app, phone number or bank account.
  • Zip – Buy Now, Pay Later:  Up to ₹60,000 credit for shopping at 1 lakh+ merchants like Myntra, Zomato, Swiggy, 1mg, BigBasket, Myntra, Flipkart, MakeMyTrip & more.
  • Xtra – P2P Lending:  Earn returns up to 12% p.a. Minimum investment ₹1000. No lock-in, no hidden charges.
  • Loan/EMI:  Get a loan/EMI up to ₹200,000 for online shopping. Interest rates from 9%-35.99% p.a. with tenure of 3-24 months.

21. Amazon Pay Later

Amazon Pay Later is a credit facility offered by Amazon India that allows you to shop on the online shopping website and pay later.

Key features of Amazon Pay Later:

  • Instant Credit:  Sign up easily with minimal paperwork and get a credit limit quickly.
  • No Interest:  There is no need to pay any interest if you pay your bill by the due date.
  • Flexible payment options:  You can pay your bill in a lump sum or in easy instalments of 3, 6, 9 or 12 months.
  • Minimum transaction value:  Amazon Pay Later can be used on orders above ₹1,000.
  • Shop across various categories:  Use it to shop across various categories including electronics, fashion, home goods, grocery, and more.
  • Secure and convenient:  Use the Amazon app or website for a secure payment experience and easy tracking.

axio/IDFC FIRST Bank, in partnership with Amazon brings you the Amazon Pay Later facility. 

22. Flipkart Pay Later

Flipkart Pay Later is a feature that lets you shop on Flipkart and pay later. It comes with two different options, from which you can choose as per your preference:

Flipkart Pay Later (Buy Now, Pay Later)

Flipkart Pay Later is a Buy Now Pay Later (BNPL) service from Flipkart that allows customers to shop online first and pay later.

Its main features are as follows:

  • Purchase by the end of the month, pay by 10th of next month without interest
  • No-cost EMI on select products
  • Applicable on purchases above ₹100
  • KYC required

To use this service, go to the Flipkart app or website, select the product and select Flipkart Pay Later at checkout. The bill can be paid till the 10th of the next month.

Flipkart Pay Later EMI:

Flipkart Pay Later EMI is a Buy Now Pay Later EMI feature from Flipkart that lets customers split payments into easy installments of 3, 6, 9 or 12 months when shopping for select products. Interest rates here vary depending on the product and the EMI period chosen. To avail this service, customers need to select the Flipkart Pay Later EMI option at checkout while shopping on the Flipkart app or website, select their preferred EMI period and then pay their installment on time each month.

23. Slice

Slice is an Indian fintech company created for the youth. It is a multi-function app that helps you spend, borrow, and save. Slice offers credit cards, pay-later services, and investment options.

Main features of Slice:

  • Slice UPI:  Dude, just tap and hold to send money! Nothing else is needed, just enter the amount and send the money!
  • Slice Borrow:  Need money? Don’t wander around, borrow up to ₹5 lakh from Slice! It’s paperless, it will be credited to your account in no time!
  • Slice Account:  This is a free digital account! Add money, spend and get up to 1% instant cashback! If you pay by card, you get even more cashback!
  • Make a splash with Spark:  Get extra cashback when you buy from Slice Spark! Shopping just got more fun! 

24. Uni : Next-gen cards & Paychek

Uni is a new app that gives you money as per your need, just like a salary advance! It is also free and available within minutes! Let’s see how it is:

Features of Uni Paychek

  • Get free credit up to ₹1 Lakh every month, directly into your bank account!
  • Subscribe paperlessly in just 3 minutes, no hassle!
  • 15 days free credit period, stop it whenever you want! ️
  • Credit card bills, EMI, rent, electricity, water… pay everything with Paychek!
  • A 30-day paid plan is also available, with fees!
  • RBI-registered NBFC partners, money safe! ️
  • Over 2 Lakh happy customers have adopted Paychek!

Uni Cash:

  • Transfer your credit limit to your bank account instantly with Uni Cash! ⚡️
  • Check limits and fees in the app, then transfer money easily!
  • The money will be in your account instantly, that’s it! ⏱️

Key features:

  • Free credit every month (Paychek)
  • Instant Transfer (Uni Cash)
  • Easy subscription and payment
  • Safe and reliable

Postpe – shop now pay later

Postpe is an app that gives you the freedom to spend without any tension. It offers some special features:

Features of postpay

  • Scan & Pay:  Scan any BharatPe QR code and make payments quickly and easily!
  • Send Money:  Transfer your postpay credit limit directly to your bank account.
  • Postpe Cash:  Get instant loan up to ₹3 lakh and repay in easy instalments (up to 15 months).
  • Cashback & Rewards:  Get extra benefits when you spend!
  • Convert bills into EMI:  Divide big expenses into easy instalments.
  • One bill, multiple transactions:  Postpe combines all transactions into one bill, making payment easy!

How to use?

  1. Download the Postpe app.
  2. Sign up with phone number.
  3. Complete KYC.
  4. Start transacting!

When to pay the bill?

  • The bill is generated on the 1st of every month. You can pay it within 5 days of the bill being generated or convert it into EMI.
  • You can pay the bill through any UPI app, debit card or net banking.

EMI Calculation:

  • Postpe offers a credit limit of ₹1,000 to ₹10 lakh, with instant approval and no guarantee, for a tenure of up to 15 months.

Rate of interest:

  • 18% – 70%. APR is mentioned when converting bills to EMI on the Postpay app or when taking a postpay loan. APR will vary for different EMI periods.

Instant Personal Loan Apps: A Boon or a Trap?

Brothers and sisters, the issues raised in your post are really worth thinking about. These Instant Personal Loan Apps look attractive – instant cash, approval in minutes, without any guarantee. But, are they really worth using so carefree? Let’s think deeply.

Let’s look at the benefits first:

  • Help in times of need: Be it an essential expense or an emergency, these apps provide money in a short time.
  • Improve credit score: Timely repayments improve your credit score, which can help you get bigger loans in the future.
  • Ease and convenience: Download the app, fill in a few details, and that’s it. Paperless process and approval within minutes, no need to visit the bank.

Now, let’s look at the disadvantages:

  • High interest rates: The interest rates of these loans are much higher than bank loans. A premium has to be paid for getting quick money.
  • Risk of addiction: Getting quick and easy money can lead to addiction, which can lead to unwanted expenses and you can get trapped in a debt trap.
  • Risky: The security of the app may be questionable. There is a risk of data theft or fraud.

My opinion:

These Instant Personal Loan Apps should be used only when there is no other option. Develop the habit of saving so that there is no need to borrow for small expenses. Even if there is a need, take a loan only after gathering complete information, comparing interest rates and making a repayment plan. These apps can be useful at the time of need, but do not make them a rule of life.

I am glad that you raised this issue. Do share this post so that other people also use these apps wisely. It is good to help the needy people, but it is also important to save yourself from the burden of debt.

If you have any suggestions, please let us know! Together we can help each other to become financially strong and achieve economic freedom.

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