In today’s digital world, getting a loan from your mobile has become easier than ever. If you are in urgent need of funds and want a hassle-free loan sitting at home, you can apply instantly using your smartphone. After a quick application process, the loan amount is credited to your bank account within 5 to 10 minutes, ensuring you can meet your financial needs without delay.
To make the process easier for you, we have listed the top loan apps that allow you to borrow up to Rs 5 lakh instantly. Choose your preferred app, apply for a personal loan, and receive the funds in your account quickly.
Best Mobile Loan Apps in 2025
- KreditBee – Loan from Rs 10,000 to Rs 2 lakh
- MoneyView – Loan from Rs 5,000 to Rs 5 lakh
- Navi Loan – Instant loan up to Rs 2 lakh
- mPokket – Loan from Rs 500 to Rs 30,000
- LazyPay – Loan from Rs 10,000 to Rs 1 lakh
Eligibility Criteria for Mobile Loans
- Must be an Indian citizen
- Age between 18 to 59 years
- Must have a stable income source
- No previous loan defaults
- Good credit score for higher loan approval
- Valid Aadhar card & PAN card
- Mobile number linked to Aadhar and bank account
- Even with a low CIBIL score, you can still get a loan up to Rs 25,000 instantly!
Documents Required for a Mobile Loan
- Aadhar Card
- PAN Card
- Voter ID
- Salary Slip
- Bank Statement
- Driving License
- Mobile Number linked with Aadhar
- ITR for the last 2 years (for self-employed individuals)
How to Apply for a Mobile Loan?
- Follow these simple steps to get a loan from your mobile phone:
- Download & Install your preferred loan app from Google Play Store.
- Sign up using your mobile number.
- Login and select Personal Loan.
- Click on Apply Now after reading loan details.
- Enter required details and proceed.
- Based on your CIBIL score, you will get a loan offer.
- Choose loan amount and click Continue.
- Fill in the loan application form.
- Upload scanned documents for verification.
- Complete KYC process and set up EMI repayment.
Submit your loan application.
Once approved, the loan amount will be credited to your bank account within minutes!
Interest Rates for Mobile Loans
Interest rates on instant personal loans vary depending on the financial institution. Generally, the annual interest rates range from 11.5% to 30%, based on your credit profile and loan amount.