The mindset, norms, practices, and habits of people have begun to change. At present, applying for a loan is not regarded as taboo. Millennials are procuring loans for a diverse range of purposes such as pursuing higher studies, going for a vacation, renovating a property, or purchasing a luxury vehicle. Most of the prominent financial institutions like Money View are providing adequate funds to fulfill the dreams and expectations of aspirants.

Today, instant payday loan apps have gained popularity amongst the public due to multiple advantages since it ensures an attractive rate of interest, customization of loan and availability of online credit cards. Apart from that, processing of applications in a hassle-free manner and 24/7 tracking. Now we shall discuss some of the top five instant payday loan apps in India in 2021.

Pay Sense:

Pay Sense is currently one of the leading instant loan apps since it features an app as well as a website. It is indeed one of the ideal options for both salaried professionals and self-employed individuals to apply for an instant personal loan. However, salaried professionals and self-employed individuals should earn a monthly income of Rs. 12,000 and Rs. 15,000 respectively.

Pay Sense also features a user-friendly EMI calculator to assist the borrowers in evaluating the EMI to be paid each month. Once the installation process of the app is complete, applicants may check their eligibility requirements and upload the supporting documents. The concerned borrowers do have the option to choose a suitable repayment tenure starting from three months to six months.

A major highlight regarding Pay Sense is that applicants are not required to attach assets as collateral security and obtain a higher credit score. Pay Sense came into operation in the year 2015.

The minimum loan amount and Maximum loan amount offered by Pay Sense is Rs. 5000 and Rs. 5, 00,000 respectively


CASHe is yet another best way to procure funds in case of emergencies or deal with a financial crisis. In this case, applicants are required to download the CASHe app on their smartphones and upload the relevant documents in the app. Once the approval process is complete, the required amount will be instantly credited to your bank account. There are also options to transfer a certain sum of the loan amount to your Paytm wallet.

The minimum loan amount and Maximum loan amount offered by CASHe is Rs. 5000 and Rs. 2, 00,000 respectively

Note: — CASHe grant loan only based on credit history and financial capacity of an applicant with the help of a proprietary algorithm.


Dhani is currently one of the leading instant payday loan apps in India. A major highlight concerning Dhani is that it would enable the applicants to apply for a loan regardless of time and place. Individuals could avail of the loan amount without submitting supporting documents. However, they are supposed to download the app and share their PAN number, Aadhar number, and home address for the further verification process.

As soon as the procedures are completed, the required loan amount will be immediately credited to the bank account of the applicants. The loan amount can be repaid within three to seventy-two months. If you are planning to foreclosure the loan and the amount is less than Rs. 20,000, you will not be charged additional fees.

The minimum loan amount and Maximum loan amount offered by Dhani is Rs. 1000 and Rs. 15, 00,000 respectively.

Early Salary:

The majority of the people are struggling to meet their daily expenses. Well, Early Salary could be one of their best options for managing this financial crisis. Early Salary is a powerful app that offers a loan amount of up to Rs. 1,00,000 exclusively for salaried professionals. The repayment tenure is about fifty days and EMI is available.

Early Salaries have gained immense popularity amongst the public, especially millennials. The minimum loan amount and Maximum loan amount offered by Early Salary is Rs. 1000 and Rs. 2, 00,000 respectively.


Nira is one of the recently introduced payday loan apps in India. Once you have downloaded the app, you will be able to track your eligibility requirements within just a few minutes. If you are considered eligible, you will be offered a credit amount of Rs. 1, 00,000 and the withdrawal limit is around Rs. 5000.

It offers flexible repayment tenure and EMI starts from three to twelve months. A major highlight regarding Nira is that applicants need not require a higher credit score to apply for a loan.

The minimum loan amount and Maximum loan amount offered by Nira is Rs. 5000 and Rs. 1, 00,000 respectively.


In addition to the above-mentioned apps, there are several instant payday loan apps available in India that grant loans within just a few minutes. Owing to enhancement in consumer awareness, there has been a steady growth in the market for the past few decades while accepting brand new players. Even though these apps provide loan amounts in a hassle-free manner, it is up to you to go through the terms and conditions before registration. Make sure that you are familiar with the borrowing and repayment procedures.

It is better to perform a comprehensive check regarding various loan apps available in the market. Choose the ones that match your needs and requirements.