List of Best 7 Day Loan App in INDIA (2024)

Unexpected expenses or short-term cash crunches can be stressful. Luckily, 7-day loan apps in India provide a convenient way to access small amounts of money with lightning-fast approvals and short repayment terms. These apps are designed for urgent financial needs, offering quick relief when time is of the essence.

Important Things to Consider

Before you dive into a 7-day loan, it’s crucial to consider these key factors:

• Interest Rates: 7-day loans can have higher interest rates compared to traditional loans. Carefully review the rates before applying.
• Processing Fees: Some apps charge processing fees, adding to the total cost of the loan.
• Repayment Terms: Ensure you can comfortably repay the entire amount within the 7-day period. Late payments could attract penalties.
• Eligibility Criteria: Even with simplified processes, these apps have basic eligibility requirements. Check that you qualify before applying.

List of Best 7 Day Loan App in India (2024)

1. NIRA (Previously M Pocket)

• Key Features: Provides microloans up to ₹10,000 with a 61-90 day repayment period (though some may advertise 7-day options).
• Pros: Relatively quick disbursal, suitable for very small, immediate needs.
• Cons: Very short repayment terms, high-interest rates, potential for hidden fees.

2. Finnable

• Key Features: Offers microloans from ₹1,000 to ₹5,000 with a 61-90 day repayment term (similar to NIRA, some might advertise 7 days).
• Pros: Suitable for very small, immediate needs, minimal documentation required.
• Cons: Extremely short repayment terms, very high-interest rates on short-term loans.

3. KreditBee

• Key Features: Provides loans from ₹1,000 to ₹2 lakhs with repayment terms ranging from 3-6 months (not strictly 7 days).
• Pros: No PAN card required, considers alternative data sources for credit assessment.
• Cons: Interest rates can be on the higher side, even for longer repayment terms advertised.

4. DoKash

• Key Features: Offers microloans up to ₹10,000 with repayment terms varying from 7 to 30 days.
• Pros: Potentially faster disbursal for repeat borrowers, may offer slightly longer repayment options compared to some competitors.
• Cons: High-interest rates, possibility of stricter late payment penalties.

5. CashBean

• Key Features: Provides loans from ₹1,000 to ₹60,000 with repayment terms ranging from 7 to 30 days.
• Pros: Wider loan amount range compared to some microloan apps, may offer slightly longer repayment options.
• Cons: High-interest rates and processing fees, potential for aggressive collection practices.

6. StashFin

• Key Features: Offers microloans up to ₹20,000 with repayment terms varying from 7 to 60 days.
• Pros: Potentially larger loan amounts compared to some microloan apps, slightly longer repayment options for larger loans.
• Cons: Limited information available on interest rates and fees, possibility of stricter late payment penalties.

7. TrueBalance

• Key Features: Provides loans from ₹1,000 to ₹50,000 with repayment terms ranging from 7 to 60 days. Offers additional services like bill payments and recharges.
• Pros: Convenience of additional financial services, potentially longer repayment options for larger loans.
• Cons: High-interest rates and processing fees, possibility of data privacy concerns.

8. MobiKwik Zip

• Key Features: Offers microloans up to ₹10,000 with repayment terms ranging from 7 to 60 days. Primarily a digital wallet service with a loan feature.
• Pros: Convenience for existing MobiKwik users, may offer slightly longer repayment options for larger loans.
• Cons: Limited information available on specific interest rates and fees, possibility of data sharing between wallet and loan service.

9. MoneyView

• Key Features: Provides personal loans from ₹10,000 to ₹5 lakhs with repayment terms ranging from 6 to 60 months (not strictly 7 days).
• Pros: Relatively transparent interest rates, option to apply for pre-approved loans.
• Cons: Even for longer repayment options, interest rates might be higher compared to traditional lenders.

10. Avail Finance

• Key Features: Offers microloans up to ₹6,000 with repayment terms varying from 7 to 30 days.
• Pros: Suitable for very small, immediate needs, may offer loyalty programs for repeat borrowers.
• Cons: Limited loan amount, very high-interest rates for short-term loans.

Remember: This list is for informational purposes only and does not constitute endorsement of any specific app. Always prioritize responsible borrowing practices and thoroughly research any app before applying for a loan.