Top Personal Loan Apps for Salaried Professionals in India
Reviewed by: Fibe Research Team
- Updated on: 27 May 2026
This article compares the top 7 personal loan apps for salaried professionals in India, covering real user ratings, interest rates, loan limits and who each app actually works for. Whether you have a 750 CIBIL score or a thin credit file, you’ll find the right match here in under 5 minutes of reading.
Let’s be honest, walking into a bank branch for a personal loan in 2026 feels like booking a train ticket at the counter when the app works perfectly fine. You don’t need to. The personal loan app market in India has matured fast, and for salaried professionals especially, borrowing has become genuinely simple.
But simple doesn’t mean identical. The seven apps on this list are built for very different borrowers. A government employee with ten years of salary history has different options than a 23-year-old just six months into their first job. Someone who needs ₹12,000 for a broken phone faces different choices than someone borrowing ₹8 lakh for a kitchen renovation. This guide cuts through the noise and matches you to the right one.
QUICK STAT
India’s digital personal loan market crossed ₹1.5 lakh crore in disbursals in FY 2023-24. Salaried professionals make up the largest share of digital loan borrowers by volume.
(Source: Industry estimates based on RBI and NBFC disbursal data)
Table of Contents
Top 7 Salary-Based Personal Loan Apps in India
| App | Play Store Rating | Max Loan Amount | Interest Rate (p.a.) | Best For |
|---|---|---|---|---|
| Fibe | 4.5★ (4L+ reviews) | ₹5 lakh | From 16.75% | Young salaried, Instant Cash credit line |
| HDFC Bank | 4.3★ | ₹40 lakh | From 10.50% | Existing HDFC customers with good credit |
| KreditBee | 4.6★ (5Cr+ downloads) | ₹10 lakh | 12%–28.5% | New-to-credit, thin-file borrowers |
| Bajaj Finserv | 4.5★ (50M+ customers) | ₹55 lakh | From 10% | Large loans, Flexi credit line |
| Navi | 4.4★ (2.76L+ reviews) | ₹20 lakh | From 9.9% | Lowest rate, strong CIBIL score |
| MoneyView | 4.8★ (highest rated) | ₹10 lakh | From 16% | Govt/PSU employees, alternative credit model |
| mPokket | 4.4★ (6.5Cr+ users) | ₹2 lakh | Higher end | Entry-level, first-job, small quick loans |
1. Fibe (formerly EarlySalary)
Google Play: 4.5 stars · 4 lakh+ reviews. App Store: 4.2 stars.
Fibe is genuinely well-regarded for speed. One verified Google Play reviewer put it plainly: “Very simple and quick digital process. No need to go anywhere and any branch. After processing the loan, the loan was disbursed within 2 hours. My suggestion would be to use the Fibe app for emergency funds.”
Source: Google Play Store
On the product side: loans from ₹8,000 to ₹5 lakh, tenures from 3 to 24 months, interest starting at 16.75% per annum, processing fee of 3% to 3.5%, and worth noting; 0 foreclosure charges. That last point matters more than it sounds. Most apps charge 2% to 4% to close early. Fibe doesn’t.
Fibe’s Instant Cash feature works like a personal overdraft. Once approved, you get a standing credit limit to draw from on demand. Need ₹9,000 for a medical co-pay on a Friday night? Draw it. No fresh application, no paperwork. Repay it and the limit resets. For salaried professionals with predictable income, this is the right structure.
PRO TIP
0 foreclosure charges are Fibe’s most underrated feature. You can close your loan any time after 6 EMIs at no extra cost – a meaningful advantage if you receive a bonus or expect early repayment.
One note from App Store reviews: a portion of users have reported frustrations with customer support and eligibility reversals after early repayment. These are worth factoring in — Fibe is excellent for getting money fast, but managing edge cases through customer service has occasionally been a weak point.
2. HDFC Bank Personal Loan App
Google Play: 4.3 stars.
For existing HDFC Bank customers, this is a hard app to beat on cost. Pre-approved loans up to ₹40 lakh, tenures to 60 months, and interest rates starting around 10.50% per annum for eligible applicants. The money hits your HDFC account near-instantly – no inter-bank transfer lag.
HDFC Bank is a scheduled commercial bank regulated by the RBI. That provides a consumer protection layer that pure-play NBFC apps don’t automatically carry. The catch? This experience is largely exclusive to HDFC accountholders. If you’re not already with HDFC, the pre-approved speed and rate advantage mostly disappears.
3. KreditBee
Google Play: 4.6 stars · 5 crore+ downloads.
KreditBee is built for borrowers who don’t quite fit the traditional approval mould – newer employees, thin credit files, professionals at smaller firms that larger banks won’t recognise. Loan amounts from ₹1,000 to ₹10 lakh, tenures of 6 to 60 months, interest rates from 12% to 28.5% per annum, and disbursal in under 10 minutes for straightforward applications.
The app works through institutional lending partners – Piramal Finance, Tata Capital, Aditya Birla Capital, among others – which gives the product proper NBFC backing. Minimum monthly income requirement: ₹10,000. That’s one of the lowest bars on this list.
The trade-off, as always with accessible credit, is cost. 28.5% per annum at the top of the range is expensive over a long tenure. KreditBee works well for short, specific needs – not a multi-year loan to consolidate existing debt.
DID YOU KNOW?
KreditBee enhances your credit limit as you build a repayment track record with the app. First-time borrowers who repay consistently often see better rate offers on subsequent applications – worth keeping in mind for the longer term.
4. Bajaj Finserv (Bajaj Markets App)
Google Play: 4.5 stars · 50 million+ customers.
One App Store reviewer described the experience directly: “I was searching for a personal loan app that could make getting and managing a loan easier. I discovered the Finserv MARKETS app – they offer personalised offers, quick approvals, minimum documentation and superfast disbursal of loan amount.”
(Source: Apple App Store)
For large loans, Bajaj Finserv has the NBFC space largely to itself. Loans up to ₹55 lakh, tenures up to 96 months, rates starting at 10% per annum. The Flexi Loan product is the standout – you’re approved for a limit and draw from it as needed, paying interest only on what you’ve used. Repay, and the limit comes back without a new application.
The soft-check feature lets you see your pre-approved offer without a hard credit enquiry – useful for gauging your rate before you commit. For a salaried professional planning a significant expense – a home renovation, an education programme, a medical procedure – the Flexi structure can noticeably reduce total interest paid compared to taking a lump-sum loan upfront.
5. Navi
Google Play: 4.4 stars · 2.76 million+ reviews · 10 crore+ installs.
Navi offers the lowest headline interest rate on this entire list: from 9.9% per annum. Loans up to ₹20 lakh, same-day disbursal for approved applicants, and a clean, fast interface. Founded by Sachin Bansal (co-founder of Flipkart), the app benefits from strong institutional backing and genuine scale.
WATCH OUT
Important: The RBI temporarily suspended Navi’s new loan sanctioning in October 2024, citing concerns over excessive pricing. This ban was lifted in June 2025 after Navi revamped its pricing and compliance processes. The app is fully operational and RBI-compliant as of 2025. [RBI – flag for review]
The entry requirement is a CIBIL score of 650 or higher. Navi’s approval model is automated and selective – below threshold, it declines rather than offering a higher-rate alternative. But if your score clears that bar, 9.9% per annum is a genuinely competitive rate for a digital lender. Run a Navi check first if your credit is in good shape.
6. MoneyView
Google Play: 4.8 stars – the highest rated app on this list.
That 4.8-star rating is consistently attributed to transparency. MoneyView’s Key Fact Statement shows you the full repayment cost – interest, all fees – before you confirm. No surprises post-disbursal. Loans from ₹5,000 to ₹10 lakh, tenures from 3 to 60 months, rates from 16% per annum.
Where MoneyView genuinely differs is the credit model. Rather than relying primarily on CIBIL, it runs its own assessment using bank statement data – income regularity, spending patterns, existing obligations. Salaried borrowers who’ve been declined elsewhere for a borderline score often find MoneyView says yes. Government and PSU employees receive particularly favourable terms.
MoneyView is partnered with over 12 RBI-registered NBFCs, including Aditya Birla Capital, DMI Finance and Vivriti Capital. Disbursal within 24 hours is standard, with 3 months of bank statements the primary document requirement.
7. mPokket
Google Play: 4.4 stars · 6.5 crore+ registered users.
mPokket is a very specific tool and it’s excellent for what it’s designed to do. Maximum loan amount: ₹2 lakh. Minimum: ₹500. Tenure: short. If you need a mid-month stopgap – a bill you didn’t plan for, a delivery you need to pay now – mPokket is there in minutes.
6.5 crore registered users is worth pausing on. That’s enormous adoption, which tells you something real about how many salaried Indians use small-ticket, fast-turnaround credit products regularly. For entry-level employees – first job, thin credit file – mPokket is often the first app that says yes. Just be clear: rates are on the higher end, and this is a short-duration tool, not a replacement for a planned personal loan.
How to Compare Personal Loan Apps: Key Factors
Interest rate is the obvious place to start, but look at the Annual Percentage Rate (APR), not the monthly figure. 2% per month equals 24% per annum. Add a 3% processing fee and your effective first-year borrowing cost approaches 27%. On a loan of ₹2 lakh, that gap is real money.
- Disbursal speed: If you need funds urgently, verify whether the app offers same-day disbursal for verified users – most on this list do. For planned borrowing with a few days in hand, speed matters less than rate.
- Foreclosure charges: Can you repay early without a penalty? Most apps charge 2% to 4% after a 3 to 6-month lock-in. Fibe (zero charges) and Bajaj Finserv’s Flexi product are the exceptions — worth factoring in if you expect to repay ahead of schedule.
- Regulatory standing: Only borrow from RBI-registered NBFCs or scheduled commercial banks. The RBI now maintains a Digital Lending Apps directory on its website (as of 2025) – search any app before applying.
- Credit impact: Multiple formal applications in a short period each trigger a hard credit enquiry. Use soft eligibility checks first – most apps offer these. One check, one decision.
WATCH OUT
Under the RBI’s 2022 Digital Lending Guidelines, every registered lender must provide a Key Fact Statement before you sign – listing interest rate, fees, APR and total repayment. If an app doesn’t show you this upfront, that is a red flag.
A Real-World Borrower Example
Ajay is 31. He works as a marketing manager at a mid-sized Pune firm, earning ₹72,000 per month. His CIBIL score is 725. He needs ₹2 lakh for a home renovation with work starting in 10 days.
| Parameter | Navi | KreditBee |
|---|---|---|
| Loan Amount | ₹2,00,000 | ₹2,00,000 |
| Interest Rate | 12% per annum | 22% per annum |
| Tenure | 18 months | 18 months |
| Monthly EMI | ~₹12,100 | ~₹13,200 |
| Total Repayment | ~₹2,17,800 | ~₹2,37,600 |
| Total Interest Paid | ~₹17,800 | ~₹37,600 |
Ajay saves roughly ₹19,800 by checking Navi before applying. He qualifies easily at a CIBIL score of 725. The entire effort? 15 minutes spent checking rates before applying. If his score were 600, Navi would decline and KreditBee would become the better option. The right app is always credit-profile specific, not brand-name specific.
Conclusion
Need a personal loan for travel, home repairs or an unplanned expense? Fibe offers instant personal loans up to ₹10 lakh – no paperwork, 0 foreclosure charges, with same-day disbursal for eligible salaried professionals. Check your eligibility and apply on the Fibe app in minutes.
FAQs On Personal Loan Apps for Salaried Professionals
1. Which personal loan app has the lowest interest rate for salaried employees?
Navi starts at 9.9% per annum for borrowers with a CIBIL score above 650, making it the most competitive rate on this list. HDFC Bank’s pre-approved loans for existing customers can also come in below 11% per annum. The rate you receive depends on your credit score, net monthly income and employer category — always compare personalised offers before deciding.
2. Can I get a personal loan if I just started a new job?
Most apps require at least 3 months of salary credits in your bank account. Fibe is among the most accessible for newer employees, requiring just 3 months of regular salary credits. KreditBee and mPokket also approve first-job borrowers, though rates will be higher for thin credit files.
3. Will applying for a personal loan hurt my CIBIL score?
A formal application triggers a hard enquiry, which can temporarily lower your score by 5 to 10 points. Applying to multiple apps in quick succession compounds this. Use the soft eligibility-check features most apps offer — these are preview checks with no credit impact — before formally applying anywhere.
4. How long does it actually take to get the money?
Fibe and Navi both claim same-day disbursal for verified or returning users, sometimes within 2 hours. KreditBee claims under 10 minutes for straightforward applications. For first-time users across most apps, 24 hours is a realistic expectation once document verification is complete.
5. What happens if I miss a personal loan EMI?
A missed EMI attracts a late fee – Fibe, for example, charges ₹500 or 3% of the overdue amount, whichever is higher. A negative mark also appears on your credit report. After 90 days, the account can be classified as a non-performing asset (NPA), causing serious credit score damage. Contact your lender before missing a payment – restructuring is usually available if you ask proactively.
6. Is it safe to use these personal loan apps?
Apps that operate as or through RBI-registered NBFCs follow the 2022 Digital Lending Guidelines, which require transparent pricing, data storage in India and direct bank account crediting. As of 2025, the RBI also maintains a Digital Lending Apps (DLA) directory on its website — search any app there to verify its registration status before applying.
7. Can I repay my personal loan early?
Most apps allow foreclosure after a lock-in period of 3 to 6 months, with a fee of 2% to 4% of the outstanding principal. Fibe charges zero foreclosure fees, you can close your loan any time after 6 EMIs. Bajaj Finserv’s Flexi Loan product also carries no pre-repayment charge.
8. Which app is best if I work for a small or unlisted company?
KreditBee and MoneyView are the most inclusive for employees at smaller employers. Both assess creditworthiness using bank statement data rather than requiring your employer to appear on an approved list. Fibe also has open employer eligibility, focusing on salary credit regularity over company tier or size.
