Need a quick ₹500 to cover urgent expenses? ₹500 loan apps make it possible with instant micro-loans and minimal paperwork. With just Aadhaar, PAN, and bank details, you can get funds directly in your bank account within minutes. The loan amount starts as low as ₹500 and can go up to ₹10,00,000, with flexible tenures of 3 to 12 months. Among the top options, NoBroker InstaCash stands out as India’s most trusted app, offering fast, transparent, and hassle-free borrowing. Always check interest rates and repayment terms before applying to keep your loan cost-effective.
List of 15 Top-Rated Rs 500 Loan Apps in India 2025
The market is flooded with numerous small loan app 500 rupee options, each offering unique features and benefits. Here’s a comprehensive list of the top 15 apps that provide quick access to small loans with minimal requirements and fast processing times.
| App Name | Interest Rates | Rating |
|---|---|---|
| NoBroker InstaCash | Starts from 12.99% per annum | 4.9/5 ⭐ |
| Bajaj Finserv | 10–31% per annum | 4.9/5 ⭐ |
| Olyv | 18–30% per annum | 4.6/5 ⭐ |
| Fibe | 24–30% per annum | 4.5/5 ⭐ |
| mPokket | 24–42% per annum | 4.5/5 ⭐ |
| KreditBee | 12–28.5% per annum | 4.5/5 ⭐ |
| CASHe | 18–30% per annum | 4.4/5 ⭐ |
| Navi | 14–26% per annum | 4.3/5 ⭐ |
| Pocketly | 18–42% per annum | 4.2/5 ⭐ |
| Indialends | 11.99–35% per annum | 4.0/5 ⭐ |
| MoneyTap | 12–36% per annum | 3.9/5 ⭐ |
| Dhani | 24–36% per annum | 3.3/5 ⭐ |
| Payme India | 18–36% per annum | 3.3/5 ⭐ |
| LoanTap | 18–30% per annum | 3.1/5 ⭐ |
| PaySense | 24–36% per annum | 2.9/5 ⭐ |
Top 15 500 Rs Loan Apps – Detailed Information 2025
The demand for quick cash loan services has led to the development of numerous loan apps offering instant loan approval at minimal documentation. These apps cater to various needs ranging from emergency expenses to small purchases. Let’s take a detailed look at each of these top-rated apps for instant microloans:
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1. NoBroker InstaCash – 4.9/5⭐
NoBroker InstaCash offers quick loans starting from ₹500 with a simple digital application process. The app specialises in providing emergency cash with minimal documentation and instant approval, making it ideal for urgent financial needs without credit history checks.
Quick info table of NoBroker InstaCash
| Feature | Details |
| Loan Amount Range | ₹500 – ₹20,000 |
| Interest Rate | Starts from 12.99% per annum |
| Processing Fee | 2 to 8% depending on loan amount |
| Eligibility | Age 21-58, Indian resident, basic KYC |
| Disbursal Time | Within 10 minutes |
| Rating | 4.9/5 |
| Pros | Instant approval, minimal documentation, no credit score check |
| Cons | Higher interest rates, limited loan amount |
2. Bajaj Finserv – 4.9/5⭐
Bajaj Finserv provides flexible personal loan options, including micro-loans of ₹500. Their highly-rated app offers a seamless digital experience with quick approval and transparent terms for borrowers seeking instant cash loans.
Quick info table of Bajaj Finserv
| Feature | Details |
| Loan Amount Range | ₹500 – ₹50,00,000 |
| Interest Rate | 10-31% per annum |
| Processing Fee | Up to 4% of loan amount |
| Eligibility | Age 23-55, minimum income ₹20,000, credit score above 750 |
| Disbursal Time | 4 hours – 24 hours |
| Rating | 4.9/5 |
| Pros | Trusted brand, transparent terms, flexible repayment options |
| Cons | Stricter eligibility criteria, longer processing for first-time users |
3. Olyv – 4.6/5⭐
Olyv has become a popular loan app with its user-friendly interface and quick loan disbursals. The app focuses on providing small emergency loans with simplified verification and approval processes.
Quick info table of Olyv
| Feature | Details |
| Loan Amount Range | ₹500 – ₹10,000 |
| Interest Rate | 18-30% per annum |
| Processing Fee | 2-3% of loan amount |
| Eligibility | Age 21-50, basic KYC, active bank account |
| Disbursal Time | 15-30 minutes |
| Rating | 4.6/5 |
| Pros | Quick processing, minimal paperwork, flexible repayment |
| Cons | Limited to smaller loan amounts, higher interest for new users |
4. Fibe – 4.5/5⭐
Formerly, EarlySalary, Fibe can be one of your go-to 500 rs loan apps. Fibe offers instant loans with its innovative technology that evaluates alternative data for loan approvals. The app is particularly popular among young professionals for its quick cash solutions.
Quick info table of Fibe
| Feature | Details |
| Loan Amount Range | ₹500 – ₹5,00,000 |
| Interest Rate | 24-30% per annum |
| Processing Fee | Up to 3% of loan amount |
| Eligibility | Age 21-55, salaried professionals, 3 months employment history |
| Disbursal Time | 10 minutes – 24 hours |
| Rating | 4.5/5 |
| Pros | Salary advances, no prepayment charges, increase in credit limit over time |
| Cons | Primarily focused on salaried individuals, initial lower limits for new users |
5. mPokket – 4.5/5⭐
mPokket specializes in providing college students and young professionals with instant microloans starting from ₹500. The app’s simple registration process makes it accessible to those with limited credit history.
Quick info table of mPokket
| Feature | Details |
| Loan Amount Range | ₹500 – ₹30,000 |
| Interest Rate | 24-42% per annum |
| Processing Fee | College students (18+), young professionals with a valid ID |
| Eligibility | College students (18+), young professionals with valid ID |
| Disbursal Time | 5-24 hours |
| Rating | 4.5/5 |
| Pros | Available to college students, increases limit over time, simple application |
| Cons | Smaller initial loan amounts, higher interest rates |
6. KreditBee – 4.5/5⭐
KreditBee focuses on providing services with minimal documentation and quick approval. The platform caters to both salaried and self-employed individuals seeking small instant loans. With only 15-2 hours disbursal time, it is one of the fastest 500 rs loan apps in the market.
Quick info table of KreditBee
| Feature | Details |
| Loan Amount Range | ₹500 – ₹4,00,000 |
| Interest Rate | 12-28.5% per annum |
| Processing Fee | 2.5-5% of loan amount |
| Eligibility | Age 21-55, valid ID proof, active bank account |
| Disbursal Time | 15 minutes – 2 hours |
| Rating | 4.5/5 |
| Pros | 2.5-5% of the loan amount |
| Cons | Accepts self-employed applicants, flexible tenures, and easy documentation |
7. CASHe – 4.4/5⭐
CASHe stands out with its AI-based credit scoring system, which looks beyond traditional credit scores. It offers quick personal loans with straightforward terms and conditions.
Quick info table of CASHe
| Feature | Details |
| Loan Amount Range | ₹500 – ₹3,00,000 |
| Interest Rate | 18-30% per annum |
| Processing Fee | 2-3% of loan amount |
| Eligibility | Age 21-58, employed, minimum monthly income ₹15,000 |
| Disbursal Time | 10 minutes – 24 hours |
| Rating | 4.4/5 |
| Pros | Social media-based credit scoring, no security deposit, EMI options |
| Cons | Requires employment verification. income proof necessary |
8. Navi – 4.3/5⭐
Navi could be the next app you download when you look for 500 rs loan apps on your mobile. The app provides instant loan approvals with transparent terms and quick disbursals to your bank account.
Quick info table of Navi
| Feature | Details |
| Loan Amount Range | ₹500 – ₹20,00,000 |
| Interest Rate | 14-26% per annum |
| Processing Fee | Up to 3% of loan amount |
| Eligibility | Age 21-65, income proof, credit score above 700 |
| Disbursal Time | 5 minutes – 24 hours |
| Rating | 4.3/5 |
| Pros | 100% digital process, no physical paperwork, flexible tenure options |
| Cons | Up to 3% of the loan amount |
9. Pocketly – 4.0/5⭐
Pocketly targets students and young professionals who lack a good credit score and are looking for quick and small loans. The platform uses alternative credit scoring to provide microloans even to those without a credit history.
Quick info table of Pocketly
| Feature | Details |
| Loan Amount Range | ₹500 – ₹20,000 |
| Interest Rate | 18-42% per annum |
| Processing Fee | 2-5% of the loan amount |
| Eligibility | Age 18-35, valid ID proof, active bank account |
| Disbursal Time | 5-15 minutes |
| Rating | 4.0/5 |
| Pros | Available for students, no cosigner required, builds credit history |
| Cons | Higher interest rates, smaller maximum loan amounts |
10. Indialends – 4.0/5⭐
Indialends connects borrowers with multiple lenders for loans starting from ₹500. Their platform compares various options to help users find the best terms for their small loan requirements.
Quick info table of Indialends
| Feature | Details |
| Loan Amount Range | ₹500 – ₹5,00,000 |
| Interest Rate | 11.99-35% per annum |
| Processing Fee | 1-5% of the loan amount |
| Eligibility | Age 21-65, income proof, 6 months employment history |
| Disbursal Time | 24-72 hours |
| Rating | 4.0/5 |
| Pros | Compares multiple lenders, low interest rates available, free credit score check |
| Cons | Longer processing time, more documentation required |
11. MoneyTap – 4.1/5⭐
MoneyTap provides a credit line facility that allows users to borrow as little as an instant loan of 500 rs whenever needed. The app offers flexibility in borrowing and repayment with competitive interest rates.
Quick info table of MoneyTap
| Feature | Details |
| Loan Amount Range | ₹500 – ₹5,00,000 |
| Interest Rate | 12-36% per annum |
| Processing Fee | 2% of credit limit + GST |
| Eligibility | Age 23-55, minimum income ₹20,000, credit score above 700 |
| Disbursal Time | 24-48 hours for setup, instant thereafter |
| Rating | 4.1/5 |
| Pros | Credit line facility, pay interest only on the amount used, part payments allowed |
| Cons | Initial setup time is longer, and stricter eligibility criteria |
12. Dhani – 3.3/5⭐
Dhani offers instant loans through its mobile app with minimal documentation. The platform provides quick cash solutions, flexible repayment options, and additional services like healthcare and shopping.
Quick info table of Dhani
| Feature | Details |
| Loan Amount Range | ₹500 – ₹15,00,000 |
| Interest Rate | 24-36% per annum |
| Processing Fee | 2-3% of loan amount |
| Eligibility | Age 18-60, basic KYC, active bank account |
| Disbursal Time | 5 minutes – 2 hours |
| Rating | 3.3/5 |
| Pros | Integrated services (healthcare, shopping), easy application, instant disbursal |
| Cons | Higher interest rates, subscription model for some features |
13. PayMe – 3.3/5⭐
PayMe offers a digital credit line similar to a credit card. Users can borrow as little as ₹500. The app provides instant approval and has a simple application process.
Quick info table of KreditKart
| Feature | Details |
| Loan Amount Range | ₹500 – ₹10,,00,000 |
| Interest Rate | 18-36% per annum |
| Processing Fee | 2-5% of the loan amount |
| Eligibility | Age 21-55, basic KYC, bank account verification |
| Disbursal Time | 15 minutes – 4 hours |
| Rating | 3.3/5 |
| Pros | Low processing fees, flexible repayment, enhanced data protection |
| Cons | Higher interest rates, stricter for new users |
14. LoanTap – 3.1/5⭐
LoanTap provides customized small loans with flexible repayment options. Their digital platform offers quick approval with minimal documentation for various borrowing needs.
Quick info table of LoanTap
| Feature | Details |
| Loan Amount Range | ₹500 – ₹10,00,000 |
| Interest Rate | 18-30% per annum |
| Processing Fee | 1-3% of loan amount |
| Eligibility | Age 23-58, minimum salary ₹30,000, credit score above 750 |
| Disbursal Time | 24-48 hours |
| Rating | 3.1/5 |
| Pros | Flexible repayment options, EMI holiday feature, overdraft facility |
| Cons | Higher income requirements, longer processing time, stricter eligibility |
15. PaySense – 2.9/5⭐
PaySense rounds out our 500 rs loan apps list with personalized loan offerings based on user profiles. The app provides quick cash options with customized interest rates and repayment terms.
Quick info table of PaySense
| Feature | Details |
| Loan Amount Range | ₹500 – ₹5,00,000 |
| Interest Rate | 24-36% per annum |
| Processing Fee | 2.5-4% of loan amount |
| Eligibility | Age 21-60, income proof, 3 months employment history |
| Disbursal Time | 24-48 hours |
| Rating | 2.9/5 |
| Pros | Personalized loan offers, increases credit limit over time, EMI options |
| Cons | Longer processing times, extensive documentation for higher amounts |
How to Apply for a 500 Rs loan?
Applying for a micro-loan through these loan apps is a straightforward process designed for quick approvals and minimal paperwork. These apps have simplified the borrowing experience to provide instant financial assistance during emergencies. Here’s a step-by-step guide to applying. And while you download any one of these amazing 500 rs loan apps, it is advisable to keep your documents handy:
- Step 1: Download and install the app of your choice from the Google Play Store or Apple App Store.
- Step 2: Register by creating an account using your mobile number and complete the basic KYC verification process.
- Step 3: Through the app interface, submit the required documentation, including ID proof, address proof, and income details.
- Step 4: Complete the bank account verification process by linking your active bank account for loan disbursement.
- Step 5: Select the loan amount (starting from ₹500) and repayment tenure that suits your financial situation.
- Step 6: Before confirming, review the loan terms, including interest rate, processing fee, and repayment schedule.
- Step 7: Receive instant approval and loan disbursement directly to your verified bank account within minutes.
Benefits of 500 Rs loan apps
The growing popularity of 500-rupee loan app services stems from their numerous advantages over traditional lending channels. These micro-lending platforms provide quick financial solutions without the complexities of conventional banking procedures. Here are the key benefits:
- Instant approval – Get loan approval within minutes without lengthy waiting periods or multiple follow-ups.
- 24/7 availability – Apply for an instant loan of 500 rs anytime, anywhere, using your smartphone without visiting physical branches.
- Quick disbursals – Receive funds directly in your bank account within minutes of approval.
- Flexible repayment options – Choose repayment tenures that fit your financial situation with options for early repayment.
- Building credit score – Timely repayments on small loans help establish and improve your credit history for future borrowing.
- No collateral required – All small loan app 500 rupees options provide unsecured loans without requiring any assets as security.
500 Rs Loan App Download in India
In India, several instant loan apps provide small-ticket personal loans starting as low as ₹500. These microloan apps are designed to support short-term financial needs such as mobile recharges, grocery bills, or emergencies. They typically feature minimal documentation, a fully digital process, and fast disbursals, often within minutes.
Here is how to download the 500 Rs urgent loan app in India:
- Choose the trusted loan apps like NoBroker InstaCash, KreditBee, Navi, and Cashe.
- Visit the Google Play Store or the App Store.
- Download and install the app of your choice.
- Register your account and complete the KYC process.
- Enter loan details, get eligibility confirmation.
- Receive disbursal and repay on time.
Get an Instant Loan With NoBroker InstaCash
When you need quick access to small funds, NoBroker InstaCash stands out among 500 rs loan apps for its streamlined application process and instant disbursal. The app offers loans starting from just ₹500 with minimal documentation requirements, making it ideal for emergency expenses or short-term cash needs. With approval times as quick as 10 minutes and funds transferred directly to your bank account, NoBroker InstaCash eliminates the waiting period associated with traditional loans. The simple digital interface ensures that the entire process, from application to disbursal, happens seamlessly on your smartphone without any physical paperwork or branch visits.
Frequently Asked Questions
Ans: Apps like NoBroker InstaCash, Pocketly, and mPokket offer ₹500 instant loans with minimal documentation. These platforms typically disburse funds within minutes after verification.
A: Interest rates range from 18% to 42% annually, depending on the lender, user profile, and tenure. New users may face higher initial rates.
A: Not entirely. You’ll need basic KYC documents like Aadhaar, PAN, and bank details. However, most apps keep paperwork minimal and digital.
A: Approval usually takes 5–15 minutes post-verification. Some apps disburse funds instantly to your bank or UPI-linked account.
A: Delays may lead to penalties (1–2% per day) and credit score damage. Continuous defaults can be reported to credit bureaus.
A: Download a micro-loan app (e.g., NoBroker InstaCash), register, complete KYC, and apply. If eligible, the amount is credited within minutes.
A: Some apps are legitimate (e.g., operated by RBI-registered NBFCs), but others may be fake. Always use apps from the Google Play Store or App Store and check reviews.
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