15 Loan Apps in India 2025: Safe, Secure & Fast

Money emergencies are unavoidable and unpredictable at any time to anyone regardless of whether it is an unanticipated medical, roof emergency, or job loss. They are far too impractical in such cases because traditional bank loans imply long approval times and a high volume of documentation requirements. And it is to this that Loan App is just the thing when one needs such financial support urgently.

India has had a bullish digital lending space and many emergency lending apps offer quick cash on just a tap. Every platform is not reliable and authentic, though. As there has been an increase in fake lending applications that mislead its borrowers by means of predatory lending, the need to select an RBI authorized Loan Application has never been more important.

This ultimate guide will discuss the 15 best and genuine Emergency Loan Apps companies in India in 2025 to facilitate you to take the correct decision during the times of financial crisis. We will discuss what to look out of, warning signs, and traps to be avoided when it comes to choosing the best Loan App to use in your case and how to narrow things down consistently.

What Is a Loan App?

Emergency Loan App is a technological application which allows quick access to short-term loans in emergency financial needs. In contrast to traditional, bureaucracy-ridden banking systems that necessitate a treasure trove of paperwork, physical presence, and a time-frame of several weeks to finally approve a loan, an app-based emergency loan uses technology to provide rapid-fire lending decisions, in many cases taking only a few hours or even a few minutes. Such apps have agreements with RBI-registered NBFCs (Non-Banking Financial Companies) or banks in order to offer unsecured personal loans. The whole process wherein applications are made and funds actually remitted occurs online through your smartphone, which is exceedingly convenient in times of emergency.

Loan App analyzes your ability to pay based on other forms of data, such as your digital footprint, banking and employment history. Such a strategy helps make decisions quicker as opposed to using traditional lending processes, so that you always have the monetary aid you require when you need it.

Why People Search for Emergency Loan Apps

• Instant Fund Access: Emergency loans app avatars drain the emergency costs due to the immediate help, and the loan is transferred to the bank account within some hours unlike in traditional banks that use days or weeks.
• Minimal Documentation: Having simple KYC documents and using digital verification to approve the loans make people choose Loan App as it excludes the possibility of heavy paperwork and makes the process quicker and easier.
• 24/7 Availability: Also, unlike the bank branch that has restricted opening hours, Loan App will enable you to get loans at any given time and in whichever location making it ideal in case of emergency that arises during nonbusiness hours.
• No Collateral Required: A loan app provides unsecured loans, and it does not require any assets to pledge and it does not necessitate using guarantors, thus it is available to many borrowers.
• Transparent Process: When looking to take an emergency loan, legit applications will detail interest rates, service fees and payback expectations well in advance, which aids borrowers to make rational choices with no underhanded gotchas.

Top Features to Look For

• RBI Compliance and Registration: Never select Loan App that is not supported by NBFCs or banks that are registered with the RBI as breaching these data can be of security risks and health hazards to the borrower.
• Quick Approval and Disbursement: An effective Loan Application must be able to approve loans in a matter of minutes and disperse funds within 24 hours and must be practicable in the sense of providing emergency financial assistance.
• Transparent Pricing Structure: Find Loan App that is transparent, showing the interest rates so that no hidden fees that would strain you in the future.
• Flexible Repayment Options: A good Loan App offers a variety of repayment periods which can enable yoto u select EMI periods in relation to your financial capability and income rhythm.
• Strong Security Measures: Once a complete package, make sure that the Emergency Loan App has a sophisticated encryption level, has well-protected

Risks & Red Flags to Avoid

• Excessive Mobile Permissions: Never download an emergency lending app that deals with more than the necessary access to your contacts, texts, photos, call log, because the basic KYC details are what is required by an authentic lending organization.
• Upfront Fee Demands: Avoid using a Loan App that requires an advance payment to process the loan or security deposits before the loan is approved since a legitimate lender deducts the fees from the loan amount.
• No Loan Agreement: One should never borrow through Loan App that lends without drawing an appropriate loan agreement containing terms, conditions, interest rates, and schedules.
• Unrealistic Promises: Avoid Emergency Loan Apps that promise a zero-interest loan and guaranteed approval since they are typical ploy of fraudulent websites to trap loan recipients.
• Poor Customer Reviews: Read experiences and skip any Loan App with many reviews of harassment/hidden fees/devious collection tactics in app reviews.

Comparison Table: Emergency Loan Apps

App Name	Interest Rate	Loan Amount	Rating
Money View	16% – 36%	Rs. 5,000 – Rs. 10 Lakh	4.8/5
MoneyTap	13% – 36%	Up to Rs. 5 Lakh	4.0/5
KreditBee	14% – 30%	Rs. 1,000 – Rs. 5 Lakh	4.5/5
Creditt+	18% – 36%	Rs. 10,000 – Rs. 35,000	4.1/5
PaySense	16% – 36%	Rs. 5,000 – Rs. 5 Lakh	3.1/5
CASHe	18% – 42%	Rs. 1,000 – Rs. 4 Lakh	4.5/5
Nira Finance	22% – 36%	Rs. 5,000 – Rs. 1.5 Lakh	4.2/5
Navi	9.9% – 36%	Up to Rs. 20 Lakh	4.3/5
Fibe	16% – 36%	Rs. 5,000 – Rs. 5 Lakh	4.5/5
LoanTap	13% – 30%	Rs. 50,000 – Rs. 10 Lakh	3.4/5
mPokket	12% – 48%	Up to Rs. 45,000	4.4/5
Bajaj Finserv	11% – 36%	Rs. 20,000 – Rs. 40 Lakh	4.8/5
IDFC First Bank	10.99% – 36%	Up to Rs. 10 Lakh	4.9/5
ZestMoney	18% – 42%	Up to Rs. 5 Lakh	4.5/5
True Balance	24% – 48%	Rs. 5,000 – Rs. 1.25 Lakh	4.4/5

15 Best Legit Emergency Loan Apps in India

1. Money View

 

The Money View is one of the new famous Indian mobile applications of reliability guaranteed emergency loan that offers personal loan services to the amount of money ranging between Rs. 5,000 and Rs. 10 lakh. The site is known to have developed a standard of being non-secretive in its lending trends and quick dispensation of finances. As an app providing emergency loans to individuals who work at the NBFC compliant with the RBI regulations, Money View cooperates with the latter in order to provide individuals with low rates and long-term repayment periods. It uses advanced AI-based creditworthiness calculation algorithms, which, in real-time, enable the immediate issue of loans even to people with limited credit history. Among the Emergency Loan Apps in India, Money View stands out for its combination of speed, transparency, and user-friendly experience.

How to Apply:

• Search Money view app on either Google play stores, or App store
• Sign in with your phone number and do OTP verification
• Add in personal information such as occupation and salary per month
• Import KYC (Aadhaar, PAN, payslips)
• Select the amount and duration of loaning money
• Apply and get fast confirmation
• Deposit cash to your bank account within 24 hrs

Loan Amount Range: Rs. 5,000 – Rs. 10 Lakh
Interest Rate: 16% – 36% per annum
Processing Fee: Up to 5%
Eligibility: 21-58 years, Rs. 15,000+ monthly income
Disbursal Time: 24 hours
Rating: 4.8/5

Link: https://moneyview.in/

2. MoneyTap

 

The MoneyTap instant Loan App is also a creative Loan App since it provides flexibility in terms of emergency loans. It pioneers a new approach to getting an emergency loan as it is executed through a new term called credit line. In comparison with the traditional type of term loans, MoneyTap offers a personal credit line that can range up to Rs. 5 lakh and can actually withdraw it any time but only to be billed interest on a proportionate amount to the amount one has spent.

The use of this Loan App is more appropriate since, in case of re-occurring or unpredictable cash flow, the borrower would require additional assistance. This is an ideal application of emergency loan that helps save money in case one has to borrow with the notion no-usage no-interest borrowing. MoneyTap is also recognized among the top Emergency Loan Apps for its innovative credit line model and borrower-friendly interest structure

How to Apply:

• Enter and open MoneyTap app and make an account by mobile verification
• Full profile creation including personal and work information
• Submit documents needed to KYC verify
• Approval of credit lines of the amount up to Rs. 5 lakh on the spot
• Withdraw the necessary sum against the credit line Select a mode of repayment (interest-only or EMI translation)

Loan Amount Range: Up to Rs. 5 Lakh
Interest Rate: 13% – 36% per annum
Processing Fee: Nil
Eligibility: 23-55 years, Rs. 20,000+ monthly income
Disbursal Time: Instant withdrawal
Rating: 4.0/5

Link: https://web.moneytap.com/

3. KreditBee

 

KreditBee has categorized itself as a Loan App in India that has more than 5 million enrolled users with instant personal loans ranging between ₹1,000 to ₹5 lakhs. The registered application of emergency loans with RBI is engaged in the business of instant money supply to both salary earners and self-employed individuals. KreditBee model scores risk rating (credit score) of the borrowers based on alternative data points, and it serves as an opportunity to obtain low-income borrower loans even where there was no credit history.

It has competitive interest rates on the platform at 14 percent per annum with a maximum of 24 months repayment period. Being a customer-centered Loan Application, KreditBee provides 24-hour customer services as well as complete transparency in terms of lending. The other functions of the app are monitoring credit score and financial literacy materials so that the users can develop their financial wellbeing. KreditBee is also frequently listed in the 7 Days Loan App List for borrowers seeking ultra-short-term loans with quick approval and disbursal.

How to Apply:

• Download KreditBee app and Sign up using mobile number
• Provide full details of personal information and employment information
• Submit KYC and income evidence
• Apply loan with the need amount
• Have immediate approval notification
• Accept money in registered bank account

Loan Amount Range: Rs. 1,000 – Rs. 5 Lakh
Interest Rate: 14% – 30% per annum
Processing Fee: Up to 4%
Eligibility: 21-60 years, Rs. 12,000+ monthly income
Disbursal Time: 10 minutes
Rating: 4.5/5

Link: https://www.kreditbee.in/

4. Creditt+

 

Creditt+ offers its lenders as trusted Emergency Loan App that is designed to fulfill immediate financial amenities with loans amounting between Rs. 10,000 and Rs. 35,000. The Loan App offered in association with an NBFC aims to offer fast approval within 15-20 minutes hence best suited to cover any immediate financial emergency. Creditt+ is highly compliant to RBI, and all its users are provided with full data protection. The simplified application process of the platform, also removes the redundant documentation, and upholds the security level. Creditt+ is Loan App that focuses on giving competitive interest rates to people whose income bracket is around the middle. The convenient interface of the app and customer support team can guarantee an easy process of taking out a loan.

How to Apply:

• Install the Creditt+ app via the official app stores
• Sign In and confirm cell number using OTP
• Fill in income and personal details on the application form
• Upload documents of Aadhaar, PAN and income documents
• Get immediate eligibility testing
• Affirm loan tenure/amount
• Get cash in 24 hours of approval

Loan Amount Range: Rs. 10,000 – Rs. 35,000
Interest Rate: 18% – 36% per annum
Processing Fee: Up to 8%
Eligibility: 21-55 years, Rs. 15,000+ monthly income
Disbursal Time: 24 hours
Rating: 4.1/5

Link: https://www.credittnow.com/

5. PaySense

 

PaySense has become a leading emergency loan providing institution covering personal loans with an interest rate starting at Rs. 5,000 to Rs. 5 lakhs and prompt processing. It is a phrase that categorizes this RBI-compliant Loan App as sophisticated algorithms and machine learning to determine the creditworthiness of the borrower, thus accelerating loan preferences. PaySense targets salaried individuals as well as self-employed persons, thus being an inclusive Loan App to people of various financial conditions.

It also provides EMI repayment tenure options between 3 to 60 months so that the amount of EMI paid will be aligned to that of the person who bears it. Among the trusted Emergency Loan Apps in India, PaySense stands out for its wide eligibility coverage and flexible repayment options.

How to Apply:

• Get PaySense app and refer
• Need to have full KYC verification done with documents
• Loan application required job, salary info
• Make an application and wait to be approved
• Consider and endorse loan conditions
• Have money sent to bank account

Loan Amount Range: Rs. 5,000 – Rs. 5 Lakh
Interest Rate: 16% – 36% per annum
Processing Fee: 2.5% – 6%
Eligibility: 23-58 years, Rs. 12,000+ monthly income
Disbursal Time: 2 hours
Rating: 3.1/5

Link: https://www.gopaysense.com/

6. CASHe

 

CASHe is one such tech-before-pay-later app combining social media insights with conventional credit judgment to offer quick loans of between Rs. 1,000 and Rs. 4 lakh. Such a special strategy positions CASHe to become a perfect Loan App among young professionals and millennials who probably do not have much traditional cred history. The platform evaluates credit worthiness through social media behavior, smartphone usage trends and digital footprints to offer the loans at low rates within no time. CASHe, as a future-oriented Loan App, has competitive interest rates on its loans with an option to pay a loan in interest-only or defer payments.

How to Apply:

• Install CASHe app and get registered using cell phone number
• Link social media profiles to better credit rating
• Send KYC and employment certificates
• Fill out the complete loan application form Obtain credit limit approval in no time
• Withdraw as needed against authorized limit

Loan Amount Range: Rs. 1,000 – Rs. 4 Lakh
Interest Rate: 18% – 42% per annum
Processing Fee: 2% – 9%
Eligibility: 23-58 years, Rs. 15,000+ monthly income
Disbursal Time: Same day
Rating: 4.5/5

Link: https://www.cashe.co.in/

7. Nira Finance

 

Nira finance has come to be considered a reliable Emergency Loan App that specializes in offering clear and cheap lending services to Indian users. This loan app gives out loans between Rs. 5,000 and 1.5 lakh with an emphasis on fair lending and customer satisfaction. Nira Finance has its own risk scoring models that they apply in their borrower assessment processes; this makes their loan to be approved within a very short time with no loss of security. The app has competitive interest rates and lenient loan repayment terms; hence, it is a good Loan App to borrowers with budget restraints.

How to Apply:

• Download Nira Finance app and sign up
• Full profile creation of personal info
• Post identity and income proofs
• Write loan request encompassing the desired amount
• Receive an immediate decision on the approval of your credit
• Deposit in relating bank account

Loan Amount Range: Rs. 5,000 – Rs. 1.5 Lakh
Interest Rate: 22% – 36% per annum
Processing Fee: 3% – 5%
Eligibility: 21-65 years, Rs. 10,000+ monthly income
Disbursal Time: 30 minutes
Rating: 4.2/5

Link: https://www.nirafinance.com/

8. Navi

 

Navi is the new generation of Loan App that utilizes the latest technology along with lending practices focused on customers. This Loan App was started by ex-Flipkart officials and the features include giving out personal loans up to Rs. 20 lakh at competitive interests as low as 9.90% per annum. Navi vets applicants through a sophisticated AI-driven evaluation system, which means that clients of the company can be approved with short-term emergency loans instantly. It allows full transparency in its operations, with very specific terms and conditions of the loans, before disbursing funds. Navi has quickly earned its place among the most reliable Emergency Loan Apps for tech-savvy users seeking fast approvals with minimal paperwork.

How to Apply:

• Install Navi application in an app store
• Register and fill in the simple profile details
• Certify KYC docs online
• Write out exhaustive loan application
• Have pre-approval decision on the spot
• Make final verification and get funds

Loan Amount Range: Up to Rs. 20 Lakh
Interest Rate: 9.9% – 36% per annum
Processing Fee: 0% – 5%
Eligibility: 21-65 years, Rs. 25,000+ monthly income
Disbursal Time: 1 hour
Rating: 4.3/5

Link: https://navi.com/

9. Fibe (Formerly EarlySalary)

 

Fibe earlier called EarlySalary has become a full-fledged Emergency Loan App that can provide instant loans ranging between Rs. 5,000 and 5 lakh. This is an emergency-load application approved by RBI, which deals in salary advancement loan and personal loans to the working professionals. The peculiarities of Fibe approach involve the examination of salary trends and labor security to provide loan products on an individual basis. It has favorable interest rates on loans and repayment schedules, which makes it an ideal emergency loaning tool to salaried workers. Fibe has a convenient interface, has fast application procedures and can instantly pay out funds.

How to Apply:

• Sign up Fibe app and make account
• Confirm the mobile number and e-mail address
• Total job and salary checks
• Provide KYC documentation
• Choose amount loan and time to pay back the loan
• It gives you immediate approval and cash transfer

Loan Amount Range: Rs. 5,000 – Rs. 5 Lakh
Interest Rate: 16% – 36% per annum
Processing Fee: 2% – 5%
Eligibility: 21-60 years, Rs. 15,000+ monthly income
Disbursal Time: 30 minutes
Rating: 4.5/5

Link: https://www.fibe.in/

10. LoanTap

 

LoanTap stands out as a high-end emergency loan aps with higher loan values of Rs. 50,000 to Rs. 10 lakh to benefit people who hold greater financial needs. It is Loan App supported by NBFC that works with salaried and self-employed persons with steady reliable incomes. A detailed credit assessment by LoanTap takes into account several aspects of life such as work history, income security, financial obligations, etc. The interests rates offered by the platform are competitive, and the length of repayment tenure is flexible up to 60 months, so the platform fits the demands of planned expenses and emergency financial needs.

How to Apply:

• Get LoanTap app and sign up on your mobile number
• Furnish employment-related details in a detailed application
• Post things such as pay slips
• Upload application to review Full Know Your Customer process where necessary completes the video process
• Approval of a loan and disbursal Receiving loan approval and disbursal

Loan Amount Range: Rs. 50,000 – Rs. 10 Lakh
Interest Rate: 13% – 30% per annum
Processing Fee: 1% – 6%
Eligibility: 23-58 years, Rs. 30,000+ monthly income
Disbursal Time: 24 hours
Rating: 3.⅘

Link: https://loantap.in/

11. mPokket

 

mPokket has established itself in a niche of being a specialized Loan Application that intervenes with smaller, more specific loan sizes to the youth demographic of up to Rs. 45,000. Such a differentiated offer is what makes mPokket a perfect Loan Application to the people who usually find it hard to avail the traditional form of credit because they have little or no credit history. Through the flexible architecture of instant loans, the platform does not require much documentation and quick procedures of loan approval.

The innovative process of mPokket means working with institutions and employers to deliver customized solutions. mPokket, being a youth-centric Loan Application, offers competitive interest rates and flexible payment models which fit into basic paying levels. It is also frequently listed among the top Emergency Loan Apps in India for students and first-time borrowers seeking instant financial support.

How to Apply:

• Get mPokket app and create an account in it
• Prove identity by student or work ID
• Undergo basic KYC check
• Apply to borrow what is required at loan
• Receive immediate approval by decision
• Within hours, receive money in bank accounts Receive cash quickly

Loan Amount Range: Up to Rs. 45,000
Interest Rate: 12% – 48% per annum
Processing Fee: 0% – 5%
Eligibility: 18-30 years, student or young professional
Disbursal Time: 4 hours
Rating: 4.4/5

Link: https://www.mpokket.in/

12. Bajaj Finserv

 

Bajaj Finserv is the gold standard when it comes to the Emergency Loan App, built on decades of expertise in offering financial services, it is capable of offering comprehensive lending solutions. The personal loans in this established Loan Application are applicable at Rs. 20,000 to Rs. 40 lakhs, which is applicable to the small needs and the larger financial needs. Due to the expansive credit evaluation of the company, Bajaj Finserv can offer competitive interest rates and attractive conditions to anyone who will live up to high credit standards. The heavy infrastructure also makes the platform reliable in offering the service and supporting the customers. Being a reliable Loan App, pre-approved terms of a loan, flexible EMI and all-in-one financial planning features are other advantages offered by Bajaj Finserv.

How to Apply:

• Bajaj Finserv app and create account
• Look at pre-authorized lending offers Fully fill out and give details necessary
• Submit KYC documents needed
• Agreement to loan terms
• Sign fully and get your money

Loan Amount Range: Rs. 20,000 – Rs. 40 Lakh
Interest Rate: 11% – 36% per annum
Processing Fee: 0% – 4%
Eligibility: 25-58 years, Rs. 25,000+ monthly income
Disbursal Time: 24 hours
Rating: 4.8/5

Link: https://www.bajajfinserv.in/

13. IDFC First Bank

 

IDFC First Bank has credibility in the banking sector, which comes into the Loan Application business bringing credibility to the business of personal loans up to 10 lakh in the financial app. This Loan App is supported by banks, which gives the stability and confidence of already established financial organizations. IDFC First Bank takes risk assessment processes to a great extent that it offers competitive interest rates to qualified borrowers without compromising on lending standards and guidelines. Its products in different loan types are emergency loans, debt consolidation, and home improvement loans. Being a complete emergency loaning application, IDFC first bank offers integrated banking services enabling the customer to control his loan among his other banking needs.

How to Apply:

• Install app IDFC First Bank
• Full registration of an account and KYC
• Take a personal loan that is needed
• Comandante upload documents of income and identity
• Do full video verification as necessary
• Get a loan and transfer of funds

Loan Amount Range: Up to Rs. 10 Lakh
Interest Rate: 10.99% – 36% per annum
Processing Fee: 0% – 3%
Eligibility: 23-60 years, Rs. 20,000+ monthly income
Disbursal Time: 24 hours
Rating: 4.9/5

Link: https://www.idfcfirstbank.com/

14. ZestMoney

 

ZestMoney has transformed to a platform where it has an emergency loaning application with the combination of buy-now-pay-later services and classic personal lending. This Loan App has loans up to 5 lakh rupees and is useful to serve emergency necessities and planned purchases. Its proprietary credit scoring model, which is based on alternative data points, allows zestmoney to implement the assessment of creditworthiness to people with minimal credit history. The lending platform also has competitive interest rates and repayment offers such as zero-interest EMI on certain purchases. Being a new credit facility that usesthe Loan App, ZestMoney is fully integrated in terms of e-commerce, and it still has independent lending capacity.

How to Apply:

• Sign up on the ZestMoney app
• Fill the basic profile and KYC verification
• One can select instant loan or EMI services
• Post necessary documents to be verified
• Get immediate approval of credit limit
• Buy something or use authorized limit

Loan Amount Range: Up to Rs. 5 Lakh
Interest Rate: 18% – 42% per annum
Processing Fee: 2% – 8%
Eligibility: 18-55 years, Rs. 12,000+ monthly income
Disbursal Time: Instant
Rating: 4.5/5

Link: https://www.zestmoney.in/

15. True Balance

 

True balance is one of the unique types of Loan App which were initially known as mobile recharge companies that became full-fledged financial services brands. A business loan for 5,000 to 1.25 lakh is offered on this Loan App which means the main target of this app is smartphone users who are already using digital financial services. True Balance uses its accumulation of user base and data on transactions to offer fast loan approvals and favorable rates. The fact that the platform has been connected with mobile recharge services and bill paying activities promotes a holistic financial ecosystem. True Balance, as an easy to use emergency loaning app, has easy steps to use and provides users with immediate capital release in the case of a properly assessed user.

How to Apply:

• Install download True Balance app and create account
• Full mobile verification + simple profile
• Apply and take out a loan in the hoped-for sum
• Post KYC documents to be validated
• And have immediate loan approval decision
• Direct deposits of money into linked bank account

Loan Amount Range: Rs. 5,000 – Rs. 1.25 Lakh
Interest Rate: 24% – 48% per annum
Processing Fee: 3% – 8%
Eligibility: 18-60 years, smartphone user
Disbursal Time: 2 hours
Rating: 4.4/5

Link: https://www.truebalance.io/

Checklist Before Applying for a Loan

• Verify RBI Compliance: Before seeking any Emergency Loan App, always ensure that the chosen application is supported by a bank or NBFC that is enlisted with RBI to be on the safe side and secure legal protection.
• Check Your Credit Score: Check your credit score prior to applying because it directly effects it on interest rates and successes of loaning in any genuine Loan App.
• Compare Interest Rates and Charges: Conduct comparative research and compare the total cost of using various platforms and rates as they may differ appreciably among various providers of emergency loans through applications.
• Read Terms and Conditions Carefully: Read carefully the loan terms with repayment plan, penalties, and fees, before accepting any deal at Loan App.
• Assess Repayment Capacity: Ask how much you need to pay as your EMIs each month, and make sure you are able to pay off the loan without causing yourself credits strains too, whichever Loan App you prefer.

Final Words

A wrong choice of the Loan App may tip the balance, between prompt debt relief and a scenario of becoming enslaved into a debtful circle. The sites that made it to this guide have been carefully chosen as the finest blend of both safety, speed, and legitimacy in the Indian online lending market. Whether it is fast and convenient rejects or low-interest rates, each emergency financing app has its benefits so there is something for everyone who is in need of quick financing. It is important to note here that emergency loan relief is temporary and it still needs responsible borrowing with an Emergency Loan App. You must only borrow what is necessary, shop around and make sure that you can comfortably pay back the debt. Loan App by application could not be so convenient that ignore the necessity of financial planning and common-sense money management.

FAQs

How fast will Loan App give me money?

Majority of real emergency loans applications take few minutes to qualify the loans and disbursing of funds is within 24 hours. Navi and KreditBee allow the fastest 10-minute to 1 hour disbursement to the eligible borrowers by the platform.

Which are the documents required to take out Emergency Loan App?

A typical Loan Application would ask you to submit simple KYC papers such as Aadhaar card, PAN card, bank statements and income record (salary slips in the case of salaried people or ITR in case of self-employed).

Are Loan App safe to use?

Yes, but only if you choose RBI-approved platforms. An authentic Loan App should be supported by the registered NBFCs or banks, possess safe encryption and have open lending policies.

How high are the interest rates of emergency Emergency Loan App?

Loan App usually charge interest rates between 10.99 and 48 percent per year, depending upon your credit history, lender of your choice and the base advance. The most competitive rates can be found in apps of IDFC First Bank and Navi.

Can I obtain an emergency loan when having a poor credit score?

Yes, some Emergency Loan App such as CASHe, mPokket and KreditBee provide loans based on alternative evaluation data to those with low or little credit history, with potentially higher interest rates.