In today’s digital era, getting a loan through your mobile phone has become incredibly easy and quick. Whether you have a sudden financial need or want to cover urgent expenses, you no longer need to visit banks or stand in long queues. Just install a reliable mobile loan app, and you can receive up to ₹5 lakh directly in your bank account within minutes.
Let’s understand how mobile loans work and how you can benefit from them.
Best Mobile Loan Apps in 2025
Here are the top-rated mobile apps for instant personal loans in India:
| App Name | Loan Amount Range |
|---|---|
| MoneyView | ₹5,000 to ₹5,00,000 |
| Navi Loan | Up to ₹2,00,000 instantly |
| KreditBee | ₹10,000 to ₹2,00,000 |
| mPokket | ₹500 to ₹30,000 |
| LazyPay | ₹10,000 to ₹1,00,000 |
These apps are available on the Google Play Store and offer a completely paperless and fast process.
Eligibility Criteria
To get a personal loan through mobile apps in 2025, you must fulfill the following criteria:
- Must be an Indian resident
- Age should be between 18 to 59 years
- Must have a regular income source (salary or business)
- Should not have a loan default history
- Good credit score is preferred
- Mobile number must be linked with Aadhaar and bank account
- Must possess a valid Aadhaar card and PAN card
Even with a low credit score, some apps offer instant loans of up to ₹25,000.
Required Documents
Before applying, keep the following documents ready:
- Aadhaar card
- PAN card
- Voter ID or Driving License
- Salary slip or bank statement
- ITR for self-employed (last 2 years)
- Linked mobile number with Aadhaar
Step-by-Step Process to Apply for a Loan via Mobile
- Download your preferred loan app from the Play Store
- Sign up using your mobile number
- Click on the ‘Personal Loan’ option
- Tap on ‘Apply Now’ after reading the loan details
- Fill in all the required personal and financial information
- Based on your credit score, a loan offer will be shown
- Choose your desired loan amount and EMI plan
- Upload your documents and complete KYC verification
- Once verified, the loan amount will be credited to your bank account within minutes
Interest Rates on Mobile Loans
The interest rates on mobile-based instant loans usually range from 11.5% to 30% per annum, depending on your credit score and loan amount.
Conclusion
Now you no longer need to borrow money from friends or family during emergencies. With the power of your smartphone, you can apply for a loan and get funds within minutes. Choose a reliable loan app, complete the simple process, and meet your financial needs instantly.
Disclaimer: We cannot guarantee that the information provided on this page is 100% accurate.
