This is the age of digitization, where at the click of a button, people look for instant gratification and getting their work done. Due to the advancements, there is now the constant need for steady cash flow across streams, including meeting education/business/corporate/healthcare expenses, necessitating the need for immediate funds. With technology and innovation at the forefront, online instant loan platforms are gaining prominence amongst borrowers looking for instant small cash loans to meet their emergency financial needs. 

There are now various credible instant small cash loan apps which a borrower can access from the comforts of their home, and get their loans processed immediately through online KYC verification and paperless documentation, after meeting the eligibility criteria. A potential borrower has to just download the loan app through their mobile phones via a secured internet connection and get the preferred instant small cash loan of their choice. Let us navigate through the best instant small cash loan apps available in India to understand their various terms and eligibility criteria.

A sneak peek at the best instant small cash loan apps in India

Best Instant Small Cash Loans apps, available on the Google Play store, which are popular with borrowers in India are given below.

Just Loan - Get Online Easy and Fast Loan

Key Features

  • Instant online personal loan app which provides loans between Rs.5,000 to Rs.5,00,000
  • Loan Tenure is between 3 months - 3 years
  • 24 x 7 loan access with the quick loan approval process
  • An Indian citizen between the age of 18 years – 60 years are eligible to apply
  • Both self-employed and salaried individuals are eligible to apply
  • Rate of interest is at 33% per annum
  • Service fee charged between 10% - 20% based on applicant’s credit history


Cashbean Personal Loan App

Key Features

  • Instant loan app with easy approval 
  • Paperless and digital loans which get credited to your account within just 24 hours
  • 24/7 loan access anytime, anywhere
  • Credit history is not required, but with good credit history, the loan amount sanctioned increases
  • Indian resident in the age group between 18 years – 56 years is eligible to apply
  • Source of monthly income is required to avail loan
  • The loan can be availed for as low as Rs.1,500 up to a maximum of Rs.60,000
  • The rate of interest is at 25.55% p.a.
  • The loan tenure ranges between 3 months – 6 months
  • The processing charge is between Rs.90 – Rs.2,000 depending on the loan amount plus 18% GST

 GotoCash Cash Loan Personal Credit Loan

Key Features

  • 100% digitized instant personal loan app 
  • Hassle-free loan application 
  • Loan approval process within 5 minutes
  • Paperless documentation 
  • Applicant should be an Indian resident
  • Applicants with low or no credit history are also eligible
  • Loan can be availed between Rs.2,000 – Rs.50,000
  • 61+ days (minimum period, including renewal period), up to 182 days (maximum period, including renewal period
  • Rate of interest is at 34.7% per annum
  • Processing fee is charged up to 16% of loan amount with additional GST charges

Get Loan - Get Online Easy and Fast Loan

Key Features

  • Instant personal online cash loans between Rs.5,000 – Rs.5,00,000 for Indian mobile phone subscribers
  • Salaried and self-employed individuals are eligible
  • Age of borrower to be between 18 - 60 years
  • The rate of interest is a maximum of 33% per annum
  • Loan tenure between 3 months – 3 years
  • 24/7 access to loans
  • A service fee of 10% - 20% based on the customer’s credit history
  • No membership charges

CASHe Personal Loan App

Key Features

  • 100% online instant personal loan app for salaried individuals
  • The loan can be availed between Rs.7,000 – Rs.4,00,000 
  • Borrowers above the age of 21 years can apply 
  • The minimum net take-home salary of the borrower should be at Rs. 20,000
  • Rate of interest provided between 27% - 33% per annum
  • The loan period offered is up to one year
  • Repayment tenure should not be more than 3 months
  • NIL foreclosure fees
  • Processing fee charged at 1.5% - 3% of the loan amount
  • The paperless instant loan process

SimplyCash Instant Personal Loan App

Key Features

  • 100% digitized innovative and user-friendly personal loan platform providing loans between Rs.50,000 - Rs.1.5 lakhs
  • Both salaried and self-employed individuals can apply
  • Applicant should be an Indian resident in the age group between 21years - 58 years
  • Minimum monthly income/salary of the applicant should be Rs.15,000
  • Low rate of interest at 2.08% per month with flexible repayment options
  • Paperless documentation and hassle-free loan approval process
  • Online KYC verification where loan on approval credited directly to borrower’s account within few hours

The above same-day instant loan apps have highlighted the fact that it is now very easy to get same-day instant loans at an attractive rate of interest and terms.  From the above list, the SimplyCash loan app is seen to have the lowest interest rate, making it the best option for availing of same-day instant loans in India.