10 Best 7 Days Loan App List in India

In an age of the fast-developing digital world, built-in changing dynamics of access and provision of credit is being seen in the Indian financial world in a very important way. The emergence of fintech has led to lending democratization, allowing millions of people to access loans with mobile applications. The 7-day loan apps can be listed among the most debatable and frequently discussed products in this sphere. These apps promise the fastest cash with the lowest amount of documentation. And, as a result, they have become increasingly popular to a part of the population that requires quick and short-term financial aid.

Nevertheless, all these emerge as some of the grave dangers that include high rates of interest and forceful collection procedures, associated with these ultra-short-term borrowings. The step into 2025 is accompanied by the even stricter regulatory environment at the head of which stands the Reserve Bank of India (RBI) and its efforts to prevent predatory lending and defend consumer rights.

The article will give an overall understanding of the 7 days loan app list in India, their development, the merits and demerits of the same and the names of safer regulated ones should anyone require an immediate source of finances.

What is a 7-Day Loan?

A 7-day loan is an ultra-short-term personal loan at usually high rates that people are expected to repay the loan amount typically within seven days of the disbursal of the loan amount. These are those they claim are of small value, and they are meant to fill an urgent and temporary cash shortage, an emergency treatment, a home or other urgent repair, or an overdraft until the next wage payment. The main attraction of 7-day loan is its accessibility and rapidity.

In comparison to conventional bank loans which take time to process due to a large amount of paper work and credit checks, the loans are usually sanctioned and remitted in minutes via a mobile application.

What are 7 Days Loan Apps?

These ultra-short-term loans are easily applied, approved and dispensed through mobile-based platforms known as “7 Days Loan Apps.” Instead, they harness technology such as artificial intelligence and machine learning to determine the credit score of a borrower based on alternative data that they can receive using the smartphone technique, SMS transaction histories, and app usage patterns.

This enables them to avoid the stringent documentation and credit score requirements of the traditional lending institutions, allowing lending to greater access to credit by students and first time credit users.

Critical Regulatory Note: It is important to recognize that the terminology of the 7 days loan app list has reached a maturity point where it is being used to refer to an almost unregulated market that has become predatory to a considerable amount. Due to the numerous allegations of harassment, subsequent misuse of data, and outrageous interest rates, the RBI has introduced rigorous norms of online lending.

The most important guideline to the Non-Banking Financial Companies (NBFCs) registered with the RBI is that the loan should not be less than 62 days. Thus, in 2025, any program with a literal 7-day loan would most probably fall outside the regulatory scope and must be treated with grave caution, to say the least.

Suggested Readings: Best Loan Apps for Students

Why Short-Term Loans are Gaining Popularity in India

There are a few socio-economic factors that drive the demand of short term, instant loans in India:

• Sudden Emergency Requirements: With a large amount of the population in that country living paycheck to paycheck, there are definite chances of an emergency being the jumpstart of a financial crisis. Such emergencies can be very easily solved using short-term loans.
• Credit Gap: Credit gap refers to the fact that a significant percentage of the Indian population has been underserved by traditional banks, owing to the absence of formal credit disclosures or lengthy records of stable income evidence. This gap is addressed by digital lending apps that provide credit using other information.
• Digital Penetration: The wide use of smartphones and cheap internet means that anybody, even those who live in rural towns, can apply for a loan any time and any place.
• Comfort, and Faster: The overall process of obtaining a loan becomes very fast, and digital as there is no paper process to obtain loan. This convenient access is one of the attractions of the tech-savvy population of millennium and Gen Z.
• Evolution of Consumer Dreams: Evolution of a consumerist culture combined with wants of instant gratification, have also led to the increasing need of quick credit to fuel lifestyle spending.

Eligibility Criteria for Short-Term Loans

Criteria may differ depending on apps but the general requirements of regulated short term loan apps are:

• Nationality: The applicant should be an Indian by nationality.
• Age: 21-58 years. There is a possibility that some apps have an age limit of 18 or below.
• Income Earning: The employee should have a decent monthly income either through regular salary or as a self employed person.
• Bank Account: It is compulsory to have an active and valid bank account as a loan disbursal and loan repayment process.
• KYC Documents: To complete the work with e-KYC, a valid PAN card and Aadhaar card are required.

Table of Comparison

App Name	Loan Amount	Interest Rate (p.a.)	Processing Time	Google Play Rating (Approx.)
KreditBee	₹1,000 – ₹5,00,000	17% – 29.95%	10 Minutes	4.5
Moneyview	₹5,000 – ₹10,00,000	From 16%	24 Hours	4.7
Fibe	₹5,000 – ₹5,00,000	From 12%	10 Minutes	4.4
CASHe	₹1,000 – ₹4,00,000	From 30%	15-20 Minutes	4.3
Navi	Up to ₹20,00,000	From 9.9%	10 Minutes	4.4
mPokket	₹500 – ₹45,000	From 36%	Instant	4.4
TrueBalance	₹1,000 – ₹1,00,000	Varies	5 Minutes	4.4
PaySense	₹5,000 – ₹5,00,000	16% – 36%	2 Hours	4.6 (LazyPay)
Bajaj Finserv	Up to ₹40,00,000	From 11%	24 Hours	4.6
ZestMoney	Up to ₹5,00,000	From 11.99%	Instant	N/A (Operations paused)

Top 10 Best and Safer Alternatives to 7 days loan app list in India (2025)

This list of predatory apps has been replaced with app-based digital lenders that have been subjected to high regulatory scrutiny and are thus considered safe to deal with, with short repayment tenure yet reasonable rates on the quick loans they provide. These represent the safer replacements to the risky 7 days loan app list:.

1. KreditBee

KreditBee is an all round popular app that is mainly targeted at young professionals. It provides services in the form of loan products including small-ticket loans (Flexi Personal Loans) and large personal loans to salaried individuals (Personal Loans to Salaried). Its application procedure is purely online and it is considered quick and easy to use. The service determines creditworthiness in a short period, and it should be considered one of the most convenient opportunities when the customer needs money immediately. In an effort to practice transparency, KreditBee will specify its interest rates and fees to its borrowers, leaving no borders about what it offers.

The company has tied with a few of the NBFCs registered with RBI to give the lending services, which gives another sense of certainty and bankability. It is best among the 7 days loan app lists.. It has efficiently given out loans to millions of clients in India, and this strives it as one of the leaders ever on the instant loan market.

• Loan Amount: ₹1,000 to ₹5,00,000
• Interest Rate: 17% to 29.95% per annum
• Eligibility: Indian citizen, 21+ years old, with a monthly source of income.
• Pros: Quick disbursal (within 10 minutes for some loans), 100% online process, available for salaried and self-employed.
• Cons: Interest rates can be high for borrowers with lower credit scores.
• App Link: https://play.google.com/store/apps/details?id=com.kreditbee.android&pcampaignid=web_share

Also Read: Earning Apps Without Investment

2. Moneyview

Moneyview is an established and reliable digital lending platform that is gaining popularity for its proprietary credit scoring model that allows them to lend to a diverse range of customers, even people without credit history. Moneyview provides personal loans for a variety of purposes, including medical emergencies, weddings and so on. It is also frequently featured in the 7 Days Loan App List in India for its fast disbursal and flexible repayment options. Moneyview’s main advantages are the fully paperless process, immediate eligibility checks, a unique lending proposition that allows a borrower to choose the completed loan amounts and the repayment tenure to suit their need.

Moneyview has formulated the loan process as easy and hassle-free as possible for the interface from application till subjective information disclosures. The app is clean and simple and takes the user step by step through the various requirements. Moneyview presents a strong customer satisfaction ethos on their website, and operates with very high levels of transparency and passes all terms they agree with a borrower upfront.

• Loan Amount: ₹5,000 to ₹10,00,000
• Interest Rate: Starting from 16% per annum
• Eligibility: Salaried or self-employed, minimum CIBIL score of 650, income must be received in a bank account.
• Pros: Large loan amounts available, flexible repayment options, quick disbursal post-approval.
• Cons: Requires a minimum credit score, which might exclude some first-time borrowers.
• App Link: https://play.google.com/store/apps/details?id=com.whizdm.moneyview.loans&pcampaignid=web_share

3. Fibe (formerly EarlySalary)

Fibe rebranded itself from EarlySalary as an all-in-one financial wellness platform primarily known for its instant cash loans. Fibe focuses on salaried employees looking for access to cash quickly. The platform is well-established in the market for its speed from application to disbursement, regularly completing the entire transfer in under 24 hours. Today Fibe offers a wide variety of loan products from  shorter-term cash loans and personal loans to hire purchases (‘buy now pay later’). The use of technology is integrated in their aim to make borrowing as easy as possible.

They are efficient for a quick approval, and offer relatively good rates of interest for customers with clean credit backgrounds. It is best among the 7 Days Loan App List in India. Fibe is a trusted supplier of short-term credit for salaried class customers in India and assists them on how to better manage their ability to finance.

• Loan Amount: ₹5,000 to ₹5,00,000
• Interest Rate: Starting from 12% per annum
• Eligibility: Salaried individual, minimum salary of ₹15,000 per month.
• Pros: Fast processing and disbursal, competitive interest rates, user-friendly app.
• Cons: Primarily focused on salaried individuals.
• App Link: https://play.google.com/store/apps/details?id=com.earlysalary.android&pcampaignid=web_share

4. CASHe

CASHe is a viable lending company that offers short-term personal loans to salaried individuals. The platform’s lending process utilizes a proprietary AI-based credit scoring system called the Social Loan Quotient (SLQ), which assesses a borrower’s creditworthiness using the borrower’s social and mobile data footprint. This process allows CASHe to lend to individuals that would otherwise not qualify for loans from traditional financial institutions.

Regularly featured in the 7 Days Loan App List in India for its quick approval and disbursal process, the company has various loan products ranging from cash advances to lines of credit and bills itself as a quick approval process, easy payment repayments and app-based transaction convenience! CASHe has pitched itself as a modern-day lender for the digital generation by offering a smart and simple way to borrow money.

• Loan Amount: ₹1,000 to ₹4,00,000
• Interest Rate: Starting from 30% per annum
• Eligibility: Salaried professionals with a minimum monthly salary of ₹12,000.
• Pros: Unique credit assessment model (SLQ), quick disbursal, multiple loan products.
• Cons: High-interest rates compared to some competitors.
• App Link: https://play.google.com/store/apps/details?id=co.tslc.cashe.android&pcampaignid=web_share

5. Navi

With Sachin Bansal, co-founder of Flipkart, backing the company, Navi has become a major disruptor in the digital lending space. This disruptive lending platform wants to make financial services simple, affordable, and accessible to consumers. Navi offers instant personal loans without ever having to leave the app (completely paperless). The biggest differentiator for Navi is the speed at which they disburse funds, where the crediting of the loan amount to the user’s bank account happens in minutes after approval. The mobile application possesses a remarkably simple and user-friendly interface, and the loan application process is simple to use for even first-timers.

It is best among the 7 Days Loan App List in India. Navi allows borrowers to select loans and EMIs that work best for them, being responsive to their financial needs. By being transparent in their fees, and not have any hidden charges, Navi has built up a loyal and large customer base in a short amount of time.

• Loan Amount: Up to ₹20,00,000
• Interest Rate: Starting from 9.9% per annum
• Eligibility: Salaried or self-employed individuals with a good credit score.
• Pros: Instant disbursal, high loan amounts, competitive interest rates, 100% paperless.
• Cons: Eligibility is often linked to a good credit history.
• App Link: https://play.google.com/store/apps/details?id=com.naviapp&pcampaignid=web_share

6. mPokket

mPokket is an instant loan app that focuses mainly on taking the overlooked college students and young salaried professionals who are presumably the last resort for typical lenders. mPokket provides small, short-term loans to help users with their cash requirement. The user simply downloads the mPokket app and fills out the application process which is adaptive and demands minimal information. Loan amounts and duration are disbursed right to the user’s bank account or Paytm wallet in an immediate manner. Frequently included in the 7 days loan app list, mPokket has developed its user niche offering pocket-sized loans that are simple and quick to repay.

The mPokket platform recognizes the cash shortage of the target audience and offers user aspirational repayment options. An undergraduate student can apply for a loan that will be approved if they furnish their student ID card as an identification. mPokket is a fantastic and easy tool for the younger generation money emergencies.

• Loan Amount: ₹500 to ₹45,000
• Interest Rate: Starting from 36% per annum
• Eligibility: Students (18+) and salaried professionals (minimum salary ₹9,000).
• Pros: Caters to students, very small ticket loans available, instant disbursal.
• Cons: Loan amount is limited, and interest rates are on the higher side.
• App Link: https://play.google.com/store/apps/details?id=com.mpokket.app&pcampaignid=web_share

7. TrueBalance

TrueBalance began as a mobile balance recharge and payment service but has since matured into a comprehensive financial services platform that provides instant digital loans. TrueBalance’s model emphasizes instant digital loans at the micro-level, providing services to a broad community of users, including those who have had little experience with credit. It offers various levels of different loans, and loan amounts can increase as a user continues to repay well. TrueBalance has partnered with RBI-licensed NBFCs as a co-lending partner to lend these notes.

Often included in the 7 Days Loan App List in India due to its fast approvals and short-term lending options, TrueBalance uses technology to streamline the loan process and provide instant cash support. The concept of financial inclusion—enabling access to credit for previously unbanked or unscored populations—is a compelling element of its mission. TrueBalance’s differentiation rests on simplifying who they lend to in the micro-lending space, making credit more accessible across India.

• Loan Amount: ₹1,000 to ₹1,00,000
• Interest Rate: Varies significantly based on the risk profile of the customer.
• Eligibility: Indian citizen, 18+ years old.
• Pros: Easy eligibility criteria, quick processing, good for small emergency needs.
• Cons: Interest rates can be very high for some loan products.
• App Link: https://play.google.com/store/apps/details?id=com.balancehero.truebalance&pcampaignid=web_share

8. PaySense

PaySense, which now operates under LazyPay, is a well-known digital lending platform that offers instant personal loans and affordable EMI Plans. They service salaried or self-employed individuals, a common type of consumer. PaySense is for quick approvals with disbursals that are entirely digital. They use a proprietary credit model which allows them to take into account a diverse number of applicants. It is best among the 7 days loan app lists.

One of their best features is the ability to be approved for credit lines, then draw on money as and when needed. PaySense also has flexible repayment tenures and interest rates that are comparable with the market. People in general want a lending partner that is reliable and transparent.

• Loan Amount: ₹5,000 to ₹5,00,000
• Interest Rate: 16% to 36% per annum
• Eligibility: Salaried or self-employed, 21-60 years of age, minimum monthly income of ₹18,000.
• Pros: Available for both salaried and self-employed, quick approval, flexible use of credit.
• Cons: Minimum income requirement might be a barrier for some.
• App Link: https://play.google.com/store/apps/details?id=com.gopaysense.android.boost&pcampaignid=web_share

9. Bajaj Finserv

Bajaj Finserv is a household name in the financial services sector in India and has a powerful and feature rich app for a variety of financial products from instant personal loans to more traditional financing. While they are an NBFC, they have undergone a significant amount of digital transformation. Bajaj Finserv offers existing customers pre-approved loans, and instant disbursal. If you are a new customer, Bajaj Finserv has streamlined the process to ensure a better experience. They offer some of the highest loan amounts in the market with competitive interest rates and flexible tenure options.

It is best among the 7 Days Loan App List in India. Furthermore, the trust and credibility associated with Bajaj, specifically Bajaj Finserv, gives opportunities for customers. Not to mention, the Bajaj Finserv app provides customers with a full service experience to manage loans, make payments and explore other financial products exposure.

• Loan Amount: Up to ₹40,00,000
• Interest Rate: Starting from 11% per annum
• Eligibility: Salaried individual with a good CIBIL score, age between 21 and 80 years.
• Pros: High loan amounts, trusted brand, competitive interest rates, flexible tenure.
• Cons: Strict eligibility criteria, primarily for salaried individuals with good credit history.
• App Link: https://play.google.com/store/apps/details?id=org.altruist.BajajExperia&pcampaignid=web_share

10. ZestMoney

ZestMoney was one of the first platforms offering a ‘buy now pay later’ (BNPL) proposition in India and recently started to give personal loans as well. If ZestMoney has one unique selling point, it would assist in obtaining credit without a credit card or even a credit score. They have teamed up with a large number of online and offline resellers, providing customers the capability to purchase prudently by providing the capacity to pay for items over an EMI.

Often mentioned in the 7 days loan app list for its quick digital credit access, getting a credit limit on ZestMoney is both digital and quick. ZestMoney utilizes a unique risk algorithm and evaluates a number of data inputs to evaluate creditworthiness. ZestMoney wants to make credit available and affordable, and the platform has gained popularity amongst millennials and Generation Z. ZestMoney is transparent in respect of their charges, and their interface is easy to use.

• Loan Amount: Up to ₹5,00,000 (as a credit line)
• Interest Rate: 11.99% per annum onwards
• Eligibility: Indian resident, 18-65 years old, must have a bank account, PAN, and Aadhaar.
• Pros: No credit score required, widely accepted at partner stores, quick activation of credit limit.
• Cons: Primarily a BNPL service, personal loan disbursal might not be as direct as other apps.
• App Link: https://play.google.com/store/apps/details?id=in.zestmoney.android.zestlife&pcampaignid=web_share

Pros & Cons of Short-Term Loan Apps

Although the apps are life savors when in danger, it is a two-edged sword.

Pros:

• Speed and Accessibility: The most notable feature is speedy dispensation of funds which may take as a few minutes or even hours.
• Low Documentation: The process to apply to the app usually has no paperwork, except minor KYC software like an Aadhaar card and PAN card.
• Eligibility rates: A lot of apps target users with poor credit score or no credit score, which makes them a universal source of credits.
• Round-the-clock: These applications offer a service that is available to consumers 24/7 as opposed to banks that have definite working time.

Cons:

• High Interest rates: The ease will cost a heavy fortune. APRs may be astronomical in size and may run into hundreds of percent per year.
• Debt Trap Cycle: The vastly low repayment period and high interest may make the repayment of the borrowed money challenging because the borrower has to take another loan to repay the initial one hence creating a chain of debt.
• Aggressive and unethical recovery practices: Unregulated apps have a reputation of employing harassment, intimidation and social shaming (by accessing and calling phone contacts of the borrower) to get their dues.
• Privacy of Data: These applications usually need large amounts of permissions to access personal data on the phone of the user which can be used inappropriately.
• Closet fees: Processing fees which are often high plus fees on late payment may surprise the borrower as well as other fees that may not always be clearly laid out.

How to Apply for a Short-Term Loan Online

The procedure is usually the same across all regulated platforms:

• Download the App: Pick a trusted app from either the Google Play Store or Apple App Store.
• Register: Sign up using your mobile number and email address.
• Check Eligibility: Fill in basic details like your name, income and PAN to receive a loan offer.
• Complete KYC: Upload scanned copies or clicked photos of your PAN card and Aadhaar card to comply with company verification requirements.
• Provide Bank Details: Enter your bank account details for your loan disbursal. You may have to upload your bank statements for income proof.
• Set Auto Debited EMI: Link your EMI amount to be debited directly from your bank account.
• Loan Disbursal: Loan amount gets transferred to your account.

Must Check Charges

When taking a loan always read the Key Fact Statement (KFS).:

• Processing Fee: It is a fee imposed only once at the process of making your loan application and is highly based on either 1 to 3 percent of the loan.
• Interest Rate: It is the main price of the loan. Make sure you know whether it is a flat rate or reducing balance rate.
• Late Payments Penalty: These can be quite high. You must be aware of the penalty that one must pay in case of default in an EMI.
• Bounce Charges: This is a fee levied in the event of the failure of the auto-debit on your bank account because of a shortage of funds.
• GST: GST is applicable on every kind of charges and fee including the processing fee.

Important Considerations before taking a short term loan

• Make sure you verify RBI registration: Check whether the app has been RBI-registered NBFC. The legitimate apps will reveal their lending partners.
• Fine Print: Terms and conditions should never be ignored. Also, be very keen on the interest rate, charges and the repayment plan.
• Take out a Loan You Can Actually Afford: Do not be by pre-approved higher amount. Borrow an amount just enough to cover your situation.
• Evaluate Your Ability to Pay: Don be in doubt that you may repay the credit ontime. Defaulting will affect your credit score adversely and this may attract penalties.
• Avoid Using Unofficial Links: It is always best to download lending apps on the official Google Play Store of the Apple App Store.
• See Reviews: Read reviews that are written by the users, but caution on fabricated reviews. Seek trends in complaints.
• Guard Your Data: Make sure you are not getting irresponsibly permissive with the app you use. No legitimate application requires you to take your personal contacts or in personal photos to get a loan.

Final Thoughts

Short-term loans apps may become a useful source of money as long as they are used wisely. There are no matches on speed and convenience in the case of a real emergency. They offer a good option to people who cannot get credit through conventional banks.

Nevertheless, the risks of the so-called 7 Days Loan App List in India are actual and dreadful. What the RBI has done by changing its regulations is move in the right direction toward cleaning up the ecosystem. Therefore, your priority in 2025 as a borrower should be the selection of a regulated, explicit, ethical lending platform. Avoid an application that allows you to borrow in 7-days because it is a red flag.

These loans are look forward to as the last resort and not the first option. They represent a rescue package of temporary liquidity problems, and not the cure against long-term financial sickness. Maximize them carefully, use credit lines wisely, and be keen to repay them as soon as possible because this is the way to ensure a healthy financial future.

FAQs

Are 7-day loan apps accepted in India?

Most apps that are literally “7-day” loans are non-compliant with RBI guidelines for lending, which require the minimum loan tenure to be 62 days for regulated lending. 

What is the interest rate I can expect to pay on a short term loan?

With regulated short-term loan apps, the Annual Percentage Rate (APR) will generally be between 12%- over 36% depending on the lender, your credit profile and amount of the loan. Unregulated apps could have an astronomically higher APR.

Can I get a loan without a pay slip?

Yes, there are quite a few apps that will give loans to self-employed individuals and also to people who may not have formal pay slip. 

What will happen if I default on a loan from these apps?

If you default on a loan from a regulated app, the lender is required to report to credit bureaus such as CIBIL, which will severely hurt your credit score.