Home › Loans › Instant Loan
Instant LoanInstant loans, decided the same day
Smaller amounts from digital lenders and NBFCs with fully paperless KYC. Money is usually in your account within 24 hours of approval.
Check eligibility₹5LMaximum amount
14%Rates from (p.a.)
3–36Months tenure
24 hrsTypical disbursal
How instant loans differ from regular personal loans
Instant loans are smaller, shorter and decided by automated underwriting on your bank statements and credit bureau data. The trade-off is a higher interest rate than a bank personal loan. They suit urgent, short-term needs you can repay within a year or two.
Eligibility
- Aged 21–55, Indian resident
- Salaried or self-employed with bank statements showing regular income of ₹15,000+ a month
- Credit score of 600+ (some lenders accept new-to-credit applicants at lower amounts)
Documents
- PAN and Aadhaar
- Bank statement (fetched digitally via account aggregator, with your consent)
- Selfie for video KYC
Watch out for
- Very short tenures (7–30 days) carry very high effective rates
- Apps that ask for contacts, photos or SMS access beyond what KYC needs
- Any upfront payment before disbursal
Need funds today?
Check what you qualify for in two minutes.