In India, there are over 5000 apps that offer instant loans, but very few let you borrow without income proof. While we don’t encourage taking loans unless necessary, we understand that emergencies can arise. In those cases, it’s best to borrow from RBI-approved companies. It’s also essential to know all terms and conditions before committing to a loan. But don’t worry—we’ll walk you through everything in this blog.
Two Main Categories of Instant Loans Without Income Proof
Instant loans without income proof fall into two categories:
- Loans for Students – Loans are available even if you don’t have any income.
- Loans Without Income Proof – Loans where you need income but don’t need to upload any salary slip.
We’ll cover both categories, comparing seven popular loan apps based on factors like loan amount, interest rate, eligibility, tenure, processing fee, disbursement time, late fee, and overall app rating.
Maximum Loan Amount and Tenure
Let’s start with the maximum loan amount you can get from these apps and their loan tenure. Navi offers the highest loan amount among these apps. You can get up to ₹20 Lakhs from Navi App, ₹9 Lakhs from Airtel Flexi Credit, ₹5 Lakhs from LAZYPAY Xpress cash, MoneyTap, and KreditBee. mPokket and Pocketly offer relatively lower amounts; mPokket gives loans up to ₹45,000 and Pocketly up to ₹35,000.
The minimum loan amount across these apps starts at ₹500 and goes up to ₹3,000.
The following table gives complete information about the minimum amount, maximum amount, and tenure of all these apps:
| Instant Loan App | Min Amount | Max Amount | Tenure |
| Navi | ₹1000 | ₹20 Lakhs | 3-60 months |
| Airtel Flexi Credit | ₹3000 | ₹9 Lakhs | 3-60 months |
| LAZYPAY Xpress cash | ₹3000 | ₹5 Lakhs | 3-60 months |
| MoneyTap | ₹3000 | ₹5 Lakhs | 3-36 months |
| KreditBee | ₹3000 | ₹5 Lakhs | 3-24 months |
| mPokket | ₹500 | ₹45000 | 61-120 days |
| Pocketly | ₹1000 | ₹35000 | 61-120 days |
Eligibility Criteria
Though you don’t need to provide any salary slip, Navi, Airtel Flexi Credit, LAZYPAY Xpress cash, MoneyTap, and KreditBee require the borrower to have some income and a good CIBIL score. The required CIBIL score ranges from 600 to 750. Pocketly and mPokket don’t require any minimum CIBIL score or monthly salary. The only requirement is that the borrower must be 18+. Their ideal customers are students, who can easily take loans from them for their day-to-day needs.
Detailed information about age criteria, min. CIBIL score, and min. monthly salary is given in the table below:
| Instant Loan App | Age Criteria | Min CIBIL | Min Monthly Salary |
| Navi | 21-65 | 750+ | ₹25000+ |
| Airtel Flexi Credit | 21-60 | 600+ | ₹15000+ |
| LAZYPAY Xpress cash | 18+ | 670+ | ₹30000+ |
| MoneyTap | 23+ | 600+ | ₹30000+ |
| KreditBee | 21-50 | 650+ | ₹15000+ |
| mPokket | 18+ | Not Req | Not Req |
| Pocketly | 18+ | Not Req | Not Req |
Interest Rates and Processing Fees
Navi, which requires the highest CIBIL score has the lowest interest rate and zero processing fee and prepayment. mPokket and Pocketly have the highest interest rate. It is obvious to have the highest interest rate as they don’t require any income or a good CIBIL score. Almost everyone can take a loan from them.
Some of these apps have flat preprocessing fees and prepayment and some have variable.
The interest rates, processing fees, and prepayment of these apps are listed below:
| Instant Loan App | Interest Rates | Processing Fees | Prepayment |
| Navi | 9.9%-45% | Zero | Zero |
| Airtel Flexi Credit | 11.5%-34% | 2%-5% + GST | 2% + GST |
| LAZYPAY Xpress cash | 12%-36% | ₹200 | Zero |
| MoneyTap | 13%-26% | ₹999 + Upto 7% | 15% (Min of ₹350 and Max ₹1000) |
| KreditBee | 16%-29.95% | ₹150-₹13750 | 4% or 500 (whichever is lower) |
| mPokket | 15%-36% | ₹50-₹200 + 18% | 4% + GST |
| Pocketly | 24%-36% | ₹20-₹120 | Zero |
Loan Disbursement Time
Mostly these apps provide loans instantly, but some like KreditBee can take up to 1 day for document verification.
The ideal loan disbursement time of these apps is listed below:
| Instant Loan App | Doc Verification | Money Credit |
| Navi | Instant | Instant |
| Airtel Flexi Credit | 1 Hour | 24 Hours |
| LAZYPAY Xpress cash | Instant | Instant |
| MoneyTap | 10 Mins | 24 Hours |
| KreditBee | 1 Day | 10 Mins |
| mPokket | 10 Mins | 2 Mins |
| Pocketly | 10 Mins | 10 Mins |
Customer Support
It’s essential to check the customer support of any loan app before lending money. Here are the contact details for each of these seven apps. MoneyTap and Pocketly provide only email support. Navi offers customer support via chatbot and phone number, while Airtel Flexi Credit, LAZYPAY Xpress cash, and KreditBee offer both email and phone support.
| Instant Loan App | Customer Service |
| Navi | 8147544555 or Chatbot |
| Airtel Flexi Credit | 8800688006, wecare@airtelbank |
| LAZYPAY Xpress cash | 08069081111, wecare@lazypay.in |
| MoneyTap | hello@moneytap.com |
| KreditBee | hello@kreditbee.in, 080-44292200 / 080-68534522 |
| mPokket | support@mpokket.com |
| Pocketly | helpdesk@support.pocketly.in |
Conclusion: Choosing the Best Instant Money Lending Apps
Selecting the best instant money lending app depends on your needs and situation. Each app has its advantages, and the right choice varies by user. Consider the loan amount, tenure, fees, and customer support to make the best choice for yourself.