5 Best Instant Loan Apps in India without Salary Slip 2024

Many fintech companies are building efficient digital platforms to provide hassle-free loans to end customers. And because of this reason, the digital loan market is expected to grow by 350 USD by 2024. So, If you work in an unorganized sector, you might see some financial requirements where you may have to borrow some money. But these situations can be tough to handle as getting a cost-effective loan can be time taking. This article will talk about the best instant loan apps in India that do not require salary slips and have an over 80% approval rate.

5 Best Instant Loan Apps in India without Salary Slip

1. Navi


It’s the best instant loan approval app for affordable loan seekers in India. This platform charges a 9.99% per year interest rate on the given loan amount, and terms can range from 6 years. Navi instant loan app does not charge the processing fees from the applicants. Hence, if you need emergency funds from digital platforms at an affordable rate, it’s good to consider this platform as it allows you to complete your profile by adding details of PAN, Aadhaar, and other basic details. 

This loan app offers affordable and easy-to-repay loans based on your credit score. It has 4.5-star ratings on the Play and App store that show its worthiness and efficiency for the users. Also, using this app, you can get up to Rs 20,00,000 loan at a given interest rate.


  • Navi instant loan app requires less paperwork to complete the loan approval process.
  • This platform gives an easy and convenient way to get short-term and long-term loans.
  • The interest rate can vary from 9.99% to 45%, depending on your credit score.
  • It’s the best application if you need a loan of up to Rs 20 lakh for personal expenses.


  • Once you fill in the banking or other details, editing or making changes takes little time.
  • The approval rate of loan requests depends on credit score.

2. Buddy Loan

Buddy Loan

Buddy Loan is one of India’s trusted and best instant loan apps. It allows users to get rapid personal finance loans from Rs 10,000 to Rs 15,00,000, and the users do not require to wait for a long time. The best thing about this instant loan app is that it promptly processes loan requests. Also, you do not need to send physical documents to the office address as documents can be picked up from your residence.

It’s a cheap loan app that gives several affordable EMI options to users. The app facilitates flexible loan policies, easy document verification, and quick approvals for loan requests. However, this platform charges an 11.99% interest on the approved credit. Below are some pros and cons of this loan app to give you clear insights.


  • The documentation process is hassle-free and fast forward compared to other apps.
  • It claims to offer an 80% approval rate on overall loan requests.
  • Easy and cheap EMI options make it easy to repay the loan.
  • Users can track the loans and can benefit themselves by fast loan approval.


  • You can see the interest rate is comparatively higher than competitors.
  • It’s required to have good creditworthiness to get fast loan approval.

3. MoneyTap


Are you finding the fastest instant loan application for mobile users in India? Your search for the same might end on MoneyTap; it’s a trusted instant loan mobile app without salary slips. You can complete the KYC process by signing up and verifying your account. So, you can easily get approved for the loan request and meet financial requirements.

This platform allows users up to Rs 5,00,000 for traveling and other essential requirements. If you use this app, you will not have to run through long paperwork and wait for a long time. Also, it charges a 1.08% to 2.3% monthly interest rate on the given loan money.


  • The minimum loan amount is Rs 3,000, and the maximum is Rs 5,00,000.
  • The platform ensures 100% paperless document verification and loan processing process.
  • You will not see any lag while using its mobile application.
  • App gives a simplified dashboard where you can use credit using your wallet.


  • The initial KYC with this instant loan app takes time to get verified.
  • You can get the loan for a maximum period of three years.

4. Nira


Nira finance is also one of India’s best instant loan approval apps. It is a great app for getting loans from Rs 3,000 to Rs 5,00,000 for personal finance requirements. The registration process with it is straightforward and allows high-value loans easily. This platform has also enabled the auto-debit feature for the convenience of its users.

You must download, install, register, and complete the KYC process to get a loan for your financial requirements. It has advanced tools that automatically calculate the credit score and allow loans with an ideal interest rate. Based on your credit score, you can see a 1.5% to 2.5% interest rate on the quoted loan amount.


  • Nira finances process 100% paperless document verification.
  • It can facilitate up to Rs 5,00,000 instant loans within 3 minutes.
  • You pay the interest for the money you utilize from the loan money.
  • It does not require having an existing credit score to apply for a loan.


  • The app requires proper documentation and a bank account to facilitate the loan amount.
  • Approval for a high loan amount can take little time. 

5. PaySense


If you want an instant loan at a low-interest rate and without a salary slip, you must try PaySense. It’s a trusted instant loan app merged with LazyPay to become the leading platform in the same field. Whether you need Rs 5,000 or 5,00,000 for personal expenses, it’s the platform to try. Here you do not wait longer to get a response on your loan request and also get easy EMI options.

You can upload the scanned documents at the beginning stage and benefit from them later. It eliminates the requirements of couriers and sends digitally scanned copies. In short, it’s a good personal finance app that offers hassle-free loans with a 1% to 2.33% monthly interest rate. Here you do not need to provide collateral or any previous credit score.


  • The documentation process is very easy, even for first-time loan seekers.
  • This instant loan app offers loans to first-time loan seekers and people with zero credit score.
  • It’s easy to track loans and approval history using your user dashboard.
  • PaySense is one of the best instant loans because of its affordable EMI plans.


  • The user is required to provide some documents for verification.
  • The document verification process can be time taking at initial days.
  • People with bad credit scores can see problems getting a loan on this app.


The personal finance market is on the rise, and many new players are coming into the market. Here we picked up the best instant loan amount that is legit and offered a cost-effective loan to its users. 

We discussed the interest rate, loan limit, and other details to get better information. So, now you have the best instant loan apps you can use to get a loan the next time. If you liked this information, you can share it and comment below with your thoughts.

Leave a Comment

Your email address will not be published. Required fields are marked *