Top 10 NBFCs for Instant Personal Loans in India

Getting a personal loan is becoming easier by the day. Furthermore, as NBFCs (Non-Banking Financial Companies) are quickly making inroads into the banking landscape, the landscape is changing rapidly.

Today, thousands are approaching NBFCs to get an instant personal loan. This is mainly because they want quick credit support without lengthy documentation. NBFCs offer personal loan EMI calculators, quick approvals, and instant disbursals to the applicants, which has made them a favourite amongst many Indians.

With that in mind, below is a list of the top 10 NBFCs known for fast, accessible, digital-first lending in India.

Top 10 NBFCs for Instant Personal Loans

The list below is based on digital ease, turnaround time, flexibility, and user experience. Each NBFC has unique strengths, and understanding them helps you choose wisely.

1. Kissht

Kissht is known for its simple online process and accessibility for various types of borrowers. Its digital journey helps users with quick approvals and minimal documentation.

Another reason why borrowers prefer Kissht is its interface. The interface is easy to navigate, and the features are easily understandable. As Kissht offers quick loans to applicants across various income segments, it has become a go-to option for many Indians.

2. Fibe (formerly EarlySalary)

Fibe is popular among young working professionals who prefer short-term or small-ticket loans. Its process is quick and straightforward, with an app-first approach. Fibe offers flexible repayment plans and caters mainly to salaried individuals.

3. Bajaj Finance

Bajaj Finance is one of India’s well-known NBFCs and offers personal loans, consumer durable loans, and several other products. It is preferred for its wide branch network combined with digital application options. The loan terms are structured and transparent, which appeals to traditional and digital borrowers.

4. Moneyview

Moneyview has gained popularity due to its strong digital presence and efficient application experience. It focuses on providing quick approvals even for applicants outside large metro cities. The app experience is intuitive and designed for everyday users.

5. KreditBee

KreditBee is widely used for smaller amounts and short-term requirements. Students, freelancers, and new salary earners often rely on it due to its flexible documentation approach. KreditBee’s application process is fully digital with simple onboarding.

6. CASHe

CASHe is aimed at young professionals and offers short-duration loans. Its approval process includes behaviour-based scoring to understand repayment capacity beyond traditional credit scores. The app supports quick transfers to the borrower’s bank account.

7. Tata Capital

Tata Capital offers personal loans with structured eligibility and repayment benefits. It aims to provide a professional and transparent experience. Its digital services complement its large offline presence, making it suitable for borrowers who want both convenience and reliability.

8. Branch

Branch is well-known internationally and offers quick loans through its mobile app. It focuses on fast processing and simple verification. The app uses smartphone data to assess borrower eligibility.

9. Navi

Navi is recognised for its digital-first approach and instant decision-making. The app emphasises paperless verification and transparent terms. It appeals to users who prefer an extremely fast, almost automated approval flow.

10. True Balance

True Balance started as a utility platform and later expanded into lending services. It offers small, short-term loans through its mobile application. Its simplicity and micro ticket options make it popular among first-time borrowers.

Comparing the Top NBFCs

NBFC	Type of Loan Focus	Application Method	Who It Suits Best
Kissht	Personal and consumer loans	Fully online	Salaried and self-employed, small business owners, freelancers
Fibe	Small short-term loans	App based	Young professionals
Bajaj Finance	Wide range of loans	Online and branch	Traditional and digital borrowers
Moneyview	Personal loans	Fully digital	Tier 1, 2, and 3 city users
KreditBee	Small and mid-size loans	Mobile app	Students, freelancers
CASHe	Behaviour based small loans	App based	New earners
Tata Capital	Structured personal loans	Online and branch	Salaried individuals
Branch	Small loans	Mobile app	App first borrowers
Navi	Fast paperless loans	App based	Quick digital users
True Balance	Small emergency loans	Mobile app	First time borrowers

Why NBFCs Are a Popular Choice for Instant Loans

NBFCs continue to emerge as a strong alternative to traditional banks. Borrowers choose them for several reasons:

• The application process is faster

• Documentation requirements are simpler

• Loan approvals are accessible for varied income profiles

• Their platforms support complete digital journeys

• These lenders provide user-friendly interfaces for applying and tracking loans

Conclusion

Choosing the right NBFC for a quick personal loan depends on what you value most: fast approval, simple documentation, flexible eligibility, or a smooth mobile experience. Platforms like Kissht and other leading NBFCs offer digital journeys that help borrowers access funds without delays.

FAQs

Q1. Which NBFC is best for an instant personal loan?

Different NBFCs suit different needs. Kissht, Money View, KreditBee, and Navi are known for their fast online journeys.

Q2. Do NBFCs offer loans without credit history?

Some NBFCs consider alternative data, making it possible for new borrowers to apply, although approval varies by profile.

Q3. How fast does an NBFC disburse a loan?

Most NBFCs offer same-day or near-instant disbursal for verified applicants.

Q4. Do NBFCs have flexible eligibility requirements?

Yes, NBFCs often allow broader eligibility, which benefits salaried, gig workers, and small business owners.