Nowadays you can see loan app ads everywhere – Instagram, WhatsApp, everywhere! There are more than 10,000 loan apps in India, but as soon as you say that you don’t have income proof, the doors of 90% of the apps get closed.
But don’t worry! In this guide, we will talk about those RBI-approved loan apps that provide instant loans with no income proof. This guide is for those who want to take a loan out of compulsion, not for luxury.
We do not recommend that you take a loan casually, but if you have to take a loan, then take it only from trusted and RBI-regulated apps. Let’s compare 7 popular apps based on loan amount, eligibility, interest rate, tenure, processing fees, disbursement speed, late fees, and app rating! So without wasting much more time let’s see the Best Personal Loan Apps in India 2025.
Categories of Instant Loan Apps
Instant loan apps without income proof are divided into two categories:
No Income Required
These apps are perfect for students who do not have any income or proof.
Income Required, No Proof Needed
These require an income source, but there is no need to upload a salary slip or formal proof.
We will cover both categories and compare 7 apps side-by-side.
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Comparison of Top 7 Instant Loan Apps (2025)
| App Name | Max Loan Amount | Interest Rate (p.a.) | Tenure | Processing Fees | Disbursement Speed | Late Fees | App Rating |
|---|---|---|---|---|---|---|---|
| Navi | ₹20 Lakh | 9.9% – 26% | Up to 5 years | 0% | Within minutes | moderate | 4.3/5 |
| Airtel Flexi | ₹5 Lakh | 10% – 24% | Up to 5 years | 2-4% | 1-2 days | high | 4.5/5 |
| LazyPay | ₹5 Lakh | 15% – 32% | Up to 5 years | Flat ₹500-2000 | Within minutes | low | 4.2/5 |
| MoneyTap | ₹5 Lakh | 13%- 24% | Up to 3 years | 2-3% | 1-2 days | moderate | 4.0/5 |
| CreditBee | ₹5 Lakh | 17% – 29.95% | Up to 2 years | 3-6% | Within minutes | high | 4.5/5 |
| mPokket | ₹45,000 | 12% – 36% | Up to 4 months | Flat ₹500-1000 | Within minutes | high | 4.4/5 |
| Pocketly | ₹50,000 | 12% – 36% | Up to 4 months | Flat ₹300-1000 | Within minutes | low | 3.8/5 |
Source: Compiled from multiple trusted sources including OneNDF, NoBroker, and ZetLoan
Detailed Analysis
1. Maximum Loan Amount & Tenure
Navi offers the most loans – up to ₹20 Lakh, and tenure of up to 5 years. This is perfect for those who have a stable income and good credit score (750+). Airtel Flexi Credit, LazyPay, MoneyTap, and KreditBee offer loans up to ₹5 Lakh, with tenures ranging from 2-5 years. mPokket and Pocketly are for students, so their loan amount is low (₹45,000-₹50,000) and tenure is also short (up to 4 months). These are best for small, short-term loans, like monthly expenses or emergency needs.
2. Interest Rates & Charges
- Interest Rates: The lowest interest rates start at Navi (9.9% p.a.) and Airtel Flexi (10% p.a.), but it depends on credit score and income. mPokket and Pocketly have the highest interest rates (up to 36% p.a.) as they give loans without income proof, which is high-risk.
- Processing Fees: Navi offers zero processing fees, while KreditBee (3-6%) and Airtel Flexi (2-4%) charge more. LazyPay, mPokket, and Pocketly charge flat fees (₹300-₹2000), which depends on the loan amount.
- Prepayment Charges: LazyPay and Pocketly charge zero prepayment charges. mPokket, Airtel Flexi, and KreditBee have high prepayment charges, especially if you repay the loan early.
Example: If you take a loan of ₹50,000 for 6 months and repay it 1 month early:
- KreditBee: Highest processing fees (~₹3000) + high prepayment charges.
- Navi: Zero processing fees, moderate prepayment charges.
- LazyPay: Flat ₹500-2000 processing fees, zero prepayment charges.
3. Eligibility Criteria
- mPokket and Pocketly: Best for students – no income or income proof is required if you are below 22-23 years of age. For age 23+, you may have to show income proof.
- Navi: Strict criteria – CIBIL score 750+, minimum monthly income ₹25,000.
- Airtel Flexi and KreditBee: Minimum monthly income ₹15,000, can work between CIBIL score 600-700.
- MoneyTap: Minimum age 23, monthly income ₹20,000, CIBIL score 650+.
- LazyPay: Flexible criteria, CIBIL score 600+ and basic income source is required.
If you do not have a CIBIL score (like students), then mPokket and Pocketly are the only options. Users with 600-700 CIBIL score can get loan from other apps, but interest rate will be high.
4. Disbursement Speed
- Navi, LazyPay, mPokket, and Pocketly: Loan approval and disbursement happens within minutes, especially if your case is simple (good credit score, complete documents).
- Airtel Flexi and MoneyTap: It can take 1-2 days, depending on credit score and documents.
- KreditBee: Fast disbursement (within minutes) for pre-approved users.
Disbursement speed depends on your credit score, documents, and past loan history. Simple case = faster loan!
5. Late Fees
- LazyPay and Pocketly: Low late fees.
- mPokket, KreditBee, and Airtel Flexi: High late fees, so it is important to repay on time.
- Navi and MoneyTap: Moderate late fees, but still manageable.
6. App Rating & Downloads
All apps have a rating of 4.0+ on Google Play Store, except Pocketly (3.8/5) as it is relatively new and downloads are also low.
KreditBee (4.5/5) and Airtel Flexi (4.5/5) have the highest ratings and downloads, showing strong user trust.
mPokket: Available on Android, iOS version not yet.
7. Customer Support
- Navi, Airtel Flexi, KreditBee, and LazyPay: Offer phone and chatbot support, which resolves queries quickly.
- mPokket, Pocketly, and MoneyTap: Offer email support only, which can be a little slow.
If you need quick query resolution, apps with phone and chatbot support (like Navi or KreditBee) are better.
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How to Apply for a Loan?
- Download App: Download the app from Google Play Store or Apple App Store. Avoid third-party sources!
- Register: Create account with mobile number and OTP. Enter basic details (name, DOB, employment type).
- KYC Verification: Upload Aadhaar, PAN, and bank statement. Some apps also ask for video KYC.
- Select Loan Amount & Tenure: Choose the amount and repayment period as per your need.
- Submit Application: After the documents are verified, approval is received within minutes or 1-2 days.
- Get Funds: Loan amount is directly transferred to your bank account.
Tips:
- Check the RBI registration of the app on the RBI website.
- Read the Terms & Conditions carefully – clear the interest, fees, and penalties.
- Take only as much loan as you can repay.
- Beware of fake apps – stay away from traps with “zero documentation” or “no interest”.
Which App is Best for You?
- Students (No Income): mPokket and Pocketly are best – low loan amount, short tenure, and no income proof needed.
- Salaried/Freelancers (Income, No Proof): Navi (if CIBIL is 750+), LazyPay, or KreditBee are the best – high loan amounts, flexible tenure, and fast disbursement.
- Low Interest Seekers: Navi and Airtel Flexi offer the lowest interest rates, but have strict eligibility.
- Fast Disbursement: Navi, LazyPay, mPokket, and Pocketly provide funds within minutes.
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Conclusion
RBI-approved instant loan apps like Navi, KreditBee, LazyPay, Airtel Flexi, MoneyTap, mPokket, and Pocketly offer something for every need. If you are a student or do not have income proof, then mPokket and Pocketly are perfect.
For the rest of the users, Navi (those with high CIBIL score) or LazyPay/KreditBee (flexible eligibility) are the best options. Always check the terms, take loan from verified apps, and repay on time so that your CIBIL score doesn’t get spoiled.
