Best 5 P2P Lending Apps in India 2022

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Best 5 P2P Lending Apps in India 2022 Highlights

These apps enable an applicant to apply for a personal loan online and disburse the funds in no time so that the funds are available within time.


Personal loans are the most important tool available in the market to cope up with financial emergencies. These emergencies are time-sensitive and require immediate attention, whether personal or financial, which means that the person in need would require the funds on immediate basis and that too through the easiest process available without much hassle and mind-boggling efforts to be put in place.

So, if a person requires to apply for a loan via traditional methods, it might not get the approval and disbursal at the time the funds are needed i.e. instantly. In case, you wish to get the loan instantly, here is what one should do in order to avail instant personal loan.

How to avail an instant personal loan?

Nowadays, with the advent of technology and financial threshold, it has become much convenient to avail a personal loan online. Out of all the options available, the most suitable is to apply for a loan through the means of an instant personal loan app available in the market. These apps enable an applicant to apply for a personal loan online and disburse the funds in no time, so that the funds are available within time. 

However, one would require to follow a certain procedure and must ensure certain criteria is fulfilled before the loan application is processed. Here are a few steps that one must follow, in order to improve their chances of getting their loan disbursed:

  • Check eligibility criteria for the desired amount
  • Make use of an EMI calculator to determine various EMI options
  • Check affordability of a loan, includes rate of interest, charges and fees payable
  • Find out what are the documents required for a successful application

If an applicant goes through the steps provided above before submitting an application, it might increase the chances of getting approval in lesser time.

Here are some of the Best P2P instant loan applications one might wish to look for:

MoneyTap – Personal Credit Line App

MoneyTap personal line of credit can be utilized to avail funds in the form of a personal loan, which is generally precepted as ‘Personal Loan 2.0’. As compared to others, it is quick, better, flexible and loaded with other benefits. Here’s why it makes more sense as compared to a standard personal loan:

  • A Personal Loan through a nationalized bank offers a lump sum amount at once and the interest is calculated on the entire amount starting from the first day. With MoneyTap you have access to money as and when you need it and the interest is charged only on the amount withdrawn in every transaction
  • You can borrow an amount as low as ₹ 3,000 from the pre-approved loan amount the EMI tenures are also flexible in comparison to a traditional personal loan
  • A loan is usually given for a specific purpose, for example, a home loan or car loan, etc. But MoneyTap Personal Loan's line of credit does not require a specific purpose for approval.
  • You can use the funds for whatever purpose you wish, and whatever your financial need is from medical emergencies to student fees, to vacations or a big purchase

Money view Loans – Instant Personal Loan App

An instant loan is a kind of personal loan that must involve minimum documentation, quick approval and a simple application process. The most important part about applying for an instant loan is it saves you valuable time as one doesn’t need to visit a bank or fill out lengthy forms and submit physical copies of documents. So, if you’re in need of funds for a wedding celebration, any medical emergency, a home renovation/improvement project, or for a new business venture, just apply for an instant loan with Money View – and get disbursal in 24 HOURS.

  • Check your eligibility for an instant loan within 2 minutes
  • Borrow any amount starting from ₹ 10,000 and going up to ₹ 5,00,000
  • Enjoy flexible repayment tenor of up to 5 years
  • Loan amount is disbursed to your account in just 24 HOURS of approval
  • Benefit from low interest rates starting from 1.33% per month
  • From documentation to repayment, the entire process is online

Paysense – Instant Personal Loan App

If you do need a loan instantly, then your best option is PaySense. Unlike other loan apps that only claim to provide loans instantly, PaySense instant loan app lives up to the name. 

  • Not only will your loan be approved instantly, but the amount is also transferred to your account within a few hours
  • Furthermore, you can apply for the loan from anywhere and at any time
  • Moreover, even if you are applying for a loan for the first time in your life, the user-friendly interface of the app allows you to easily understand the application process
  • Additionally, all relevant information is displayed in the app without any hidden agendas
  • Download the PaySense app now for an instant loan and do not wait for an emergency to strike you first

Indiabulls Dhani – Loans, Recharge and Cashbacks

Indiabulls Dhani offers you the perfect personal loan – the perfect financing option for all your needs – be it financing for that expensive wedding, or a last-minute travel plan, or to buy that dream car, and much more. You can now apply for a personal loan from IndiaBulls Dhani up to ₹15 lakhs and meet all your diverse financial needs, at competitive personal loan interest rates, starting from as low as 13.99%. Download the Indiabulls Dhani app now to apply for an instant personal loan.

Dhani Points - Dhani points are the rewards provided against the quantum of loan amount disbursed from the lender. An applicant can earn as many Dhani points by various ways like signing up, referring your friends to join, payment of bills, various gift coupons and by availing top-up on existing loans.

Dhani Wallet- Dhani Wallet is a well secured prepaid account and a mobile wallet, which can be utilized for performing various online transactions like paying bills online, mobile recharge, bus bookings and online shopping. One can also receive exciting rewards & exclusive discounts on each payment done using the Dhani wallet and also eligible to earn Dhani Points.

Kreditbee – Instant Personal Loan App Online Loan

KreditBee offers an instant Personal Loan on their platform for young professionals, through which one can apply for a Personal Loan for salaried employees, the loan amount starts from as low as ₹ 1,000 up to ₹ 2 Lakhs as per the need and eligibility. The documentation required is at minimum, and the entire procedure beginning from registration on the app and up to loan disbursement requires nothing more than a few minutes. The entire application process is online, and upon approval, the amount is disbursed immediately to the attached bank account of the applicant. Here is how one can avail the best by downloading the Kreditbee app here:

  • Individuals with no credit history can apply easily
  • Flexible loan amount eligibility and repayment schedules
  • Customized debt consolidation loans are available
  • Special offers for shopping online and availing other online services
  • By visiting the app, one can avail instant personal loan across 100 destinations in the country

Observing the fast-changing lending environment in the Indian marketplace, pier-to-pier lending is proving out to be one of the most preferred forms of lending when it comes to instant personal as compared to the applying for loans with nationalised or private banks. The applicants now prefer to opt for more easy and hassle-free process of availing a loan, as most banks require them to submit plethora of documents and take 4-5 days for the entire process until disbursement. The NBFCs have opened up a new horizon for borrowers where they can easily avail funds without much documentation and lengthy processes. So, if you were looking to compare loan from a choice of your NBFC, visits AFINOZ – Instant Personal Loan and Business Loan App and explore the latest offers and discounts available.

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Read More : Best Personal Loan Apps in India