My friend Payel is looking for ₹1 Lakh instant loan. She was worried because of emergence needs. So, I recommended some apps that provide instant loans. Whether for medical expenses, education, or personal needs, securing an instant loan of ₹1 lakh from digital lending platforms has become easier than ever.
We explore 7 loan apps that are trustworthy in India that can help you access funds quickly and securely.
7 Loan Apps You Can Trust
| Lenders | Interest Rate (p.a.) | Salary | |
| WeRize | 16% to 18% p.a. | Rs. 12,000 | Apply Now |
| MoneyView | 1.33% per month | Rs. 13,500 | Apply Now |
| InCred | 11.49% to 18% p.a. | Rs. 15,000 | Apply Now |
| Prefr | 18% to 36% p.a. | Rs. 18,000 | Apply Now |
| Finnable | 16% to 22% p.a. | Rs. 15,000 | Apply Now |
| PaySense | 1.4% to 2.3% per month | Rs. 18,000 | Apply Now |
| Navi | 9% to 32% p.a. | Rs. 15,000 | Apply Now |
1. WeRize
The revolutionary loan provider NBFC company offers up to ₹5 Lakh loan. You can borrow a personal loan from WeRize at Rs. 12,000 salary. This company is 100% trusted. Loan available at affordable interest from 16% to 18% per annum.
Features
- Loan amount available up to Rs. 5 lakh.
- Repayment tenure is up to 36 months.
- Digital loan application process with zero paperwork.
Eligibility Criteria
- A minimum monthly salary of Rs. 12,000 is required.
- Salary must be credited to a bank account.
- Age should be under 21 to 55 years.
- Job experience should be 12 months old.
2. MoneyView
MoneyView is one of the fantastic platforms for instant personal loans. This lender provides loans from Rs. 5,000 to Rs. 10 lakh digitally. A salaried person and a self-employed can apply for a loan. You may obtain a loan for 60 months.
Features
- Get a loan within 24 hours.
- Obtain a maximum of 10 lakh loans online.
- The interest rate starts from 1.33% per month.
- Repayment tenure of up to 60 months is available.
Eligibility Criteria
- Your credit score of 720 or more is required.
- A salaried person can apply at Rs. 13,500 salary.
- The source of income must be deposited in your bank account.
3. InCred
InCred is a trusted lender which offers up to 10 lakh loans. You can easily borrow ₹1 Lakh loan through digital application. With a minimum 15,000 salary, you are eligibile for an InCred personal loan.
Features
- Digital loan application process.
- InCred provides loans within 3 days.
- Enjoy a long repayment tenure of up to 5 years.
Eligibility Criteria
- Your minimum income is Rs. 15,000 required.
- A credit score of -1 or 700+ is needed.
- Minimum 3 months of work experience applicable.
4. Prefr
Prefr partnership with Hero Fincorp to provide loan online. Borrow up to ₹5 Lakh loan through Prefr. Get a loan without any verification process. Prefr personal loan available at 18% to 36% ROI.
Features
- Available loan without verification.
- Obtain up to ₹5 Lakh loan.
- Loan disbursed within 1 day.
Eligibility Criteria
- Your minimum CIBIL of 700+ is required.
- Salaried employees can apply with Rs. 18,000 salary.
- A bank statement is required for a self-employed person.
5. Finnable
Digitally you can obtain a Finnable personal loan with a Rs. 15,000 salary. Get instant loan approval within 30 minutes. With 3 months job experience, you are eligibile for a Finnable loan. The repayment tenure is up to 60 months.
Features
- Finnable provides up to 10 Lakh loan.
- Repayment tenure is 60 months.
- The interest rate is 16% to 22% per annum.
Eligibility Criteria
- Your credit score must be 680+ to apply.
- Available loan only for salaried persons.
- Minimum Rs. 15,000 salary required.
- Job experience must be 3 months old.
6. PaySense
PaySense simplifies the loan application process by offering pre-approved loans. The salaried person with a minimum Rs. 18,000 salary is eligible. The online application process gives you a digital loan experience.
Features
- Loan amounts up to ₹7.5 lakh.
- Minimal documentation is required.
- Available loan digitally without branch visit.
Eligibility Criteria
- Salaried individual with a minimum income of ₹18,000 per month.
- Age between 21 to 55 years is required.
- Credit score 720 or above applicable.
Also Read: Jio Finance Loan Apply Online
7. Navi
Navi offers instant personal loans with attractive interest rates. The seamless process provides up to ₹20 lakh loan. Experience lower interest of 9.99% p.a.
Features
- Loan amounts up to ₹20 lakh.
- Interest rates starting as low as 9.99% p.a.
- Paperless and fully digital process.
Eligibility Criteria
- An Indian citizen with a regular income source.
- Minimum age of 18 years.
- A minimum credit score of 720+ is good to go.
Tips for Safe Borrowing ₹1 Lakh Loan
Check for Hidden Charges: You should be aware of hidden fees and penalties. If you don’t know about the charges, you have to pay extra charges.
Terms and Conditions: Read carefully the terms and conditions before loan disbursement. This will help to borrow loans safely.
Borrow Responsibly If you are confident, you will able to pay the EMI then you can borrow a loan.
Conclusion
With these trusted loan applications, you can safely borrow up to 1 lakh loan. But, you should read the terms and conditions properly. Also, check eligibility criteria for instant approval.