Instant personal loans we compare
Lenders that say they can pay out within minutes, hours or the same day, with their published rates and fees.
12 lenders · last verified 18 Oct 2026 · how we compare
See instant offers matched to your profile
Check your loan offersVia our referral partner. It uses your PAN, credit score and income to suggest lenders likely to approve you. Approval isn't guaranteed. We may earn a commission. CreditParakh is not a bank or lender and doesn't guarantee approval. Approval is at the bank's or lender's discretion.
Compare instant loan lenders
| Lender | Speed (lender's claim) | Interest rate | Processing fee | Amount | Apply |
|---|---|---|---|---|---|
| IDFC FIRST Bank | Disbursal in as little as 10 minutes after approval | From 9.99% a year | 0% to 3.5% of the loan amount + GST; the bank's pages don't agree on the exact fee, so check the Key Fact Statement | ₹50,000 to ₹15 lakh | Apply nowVia our referral partner. We may earn a commission. |
| KreditBee | Disbursal within minutes; it advertises 10 minutes | 12% to 27.5% a year | Up to 4.7% of the loan amount + GST | ₹3,000 to ₹10 lakh | Apply nowVia our referral partner. We may earn a commission. |
| Freo | Approval in under 5 minutes | 12% to 36% a year | From 2% of the amount + GST, charged at disbursal. Freo's example loan also charges a ₹999 + GST line setup fee, paid upfront | ₹3,000 to ₹5 lakh | Apply nowVia our referral partner. We may earn a commission. |
| Kissht | Money in your account in as little as 5 minutes | 12% to 36% a year | 3% including GST in Kissht's example loan; no fee range is published | ₹10,000 to ₹5 lakh | Apply nowVia our referral partner. We may earn a commission. |
| lendingplate | Loan in a few minutes | 12% to 36% a year | 1% to 5% of the loan amount + GST, deducted from the sanctioned amount (larger loans get lower fees) | ₹10,000 to ₹2.5 lakh | Apply nowVia our referral partner. We may earn a commission. |
| Moneyview | Within 24 hours of approval; some of its pages say within a few minutes | 14% to 36% a year | 2% to 8% of the approved loan amount, deducted from the loan at disbursal; Moneyview doesn't say whether GST is added | ₹5,000 to ₹10 lakh | Apply nowVia our referral partner. We may earn a commission. |
| FatakPay | Usually within 24–36 hours once your KYC and EMI auto-debit (NACH) setup are complete. | From 14.4% a year | 2% to 6% depending on the plan: 2% on FatakPrime, 5% on FatakPlus and 6% on FatakLite. FatakPay doesn't say whether GST is added. | Up to ₹5 lakh | Apply nowVia our referral partner. We may earn a commission. |
| Unity Small Finance Bank | Approval and disbursal in under 15 minutes | 16% to 30% a year | Up to 4% of the loan amount + GST (bank's own personal loans); up to 5% + GST for loans made through digital lending partners | ₹1 lakh to ₹5 lakh | Apply nowVia our referral partner. We may earn a commission. |
| Finnable | Loan in 60 minutes, subject to successful verification. | 16% to 30.99% a year | Up to 5% + GST, usually deducted from the loan at disbursal | Up to ₹10 lakh | Apply nowVia our referral partner. We may earn a commission. |
| Hero FinCorp | Approval in about 10 minutes and money in 24–48 hours; some of its pages say the same day | 17.9% to 30% a year | At least 2.5% of the loan amount + GST, deducted at disbursal; no maximum is published | ₹50,000 to ₹7 lakh | Apply nowVia our referral partner. We may earn a commission. |
| Prefr | Usually within 30 minutes; can take up to 24 hours depending on the lending partner. | 18% to 30% a year | 3% of the loan + 18% GST, deducted at disbursal, in Prefr's example loan; no fee schedule is published | ₹51,000 to ₹5 lakh | Apply nowVia our referral partner. We may earn a commission. |
| Ring (Pay with Ring) | Money in your bank account in 5 minutes | Up to 36% a year | Up to 7% of the loan amount + GST on loans from Si Creva; other partner lenders set their own fees | Up to ₹5 lakh | Apply nowVia our referral partner. We may earn a commission. |
Ranked by the lowest published starting rate. Speed is each lender's own claim. We compare lenders available through our partner; ranking never depends on what we earn.
Related guides
- True Cost of a Personal Loan: Fees and APRWhat a personal loan really costs: flat vs reducing rate, processing fee and GST, APR in the Key Fact Statement, foreclosure and penal charges.
- CIBIL Score: Check Free, Improve in 90 DaysCheck your CIBIL score free with one full report a year from each bureau, dispute errors yourself, and build a better score with a 90-day checklist.
Questions people ask
How fast is an instant personal loan really?
Lenders that offer them check your credit and income online, so money can reach your account the same day once you're approved and have signed. Speed depends on your KYC, bank verification and the lender's checks; the times on this page are each lender's own claim, not a promise.
Are instant loans more expensive?
Often, yes. Small, short loans from apps tend to carry higher rates; the highest published rate here is 36% a year, and the processing fee weighs more on a small amount. Work out the total cost in the EMI calculator before you accept.
How do I know a loan app is genuine?
Under the RBI's digital lending rules, the app must name the bank or NBFC that actually lends, and give you a Key Fact Statement with the APR before you sign. Check that lender on the RBI website, never pay any fee before the loan is disbursed, and avoid apps that ask for access to your contacts or photos.
Can I cancel an instant loan after taking it?
Digital loans come with a cooling-off (look-up) period, shown in the Key Fact Statement, during which you can repay the principal plus interest for the days used and exit without a foreclosure penalty.
See all lenders. CreditParakh is not a bank or lender and doesn't guarantee approval. Approval is at the bank's or lender's discretion.