Top 20 Loan Companies in India (Updated July 2024)

Sometimes, we need extra money to cover unexpected expenses like medical bills, home repairs, or education fees. This is where loans come in handy. In India, there are many companies that offer personal loans to help you meet your financial needs. With this article, let us guide you through the top loan companies in India to check out in 2024. The more you understand about these personal loan finance companies, the easier it is for you to choose the right one.

What is a loan?

In simple words, a loan is money that you borrow from a lender. A lender could be a bank or a financial company. Once you get the loan, you then need to pay it back over time with some extra money called interest. Loans are quite helpful as they can help you pay for big things like a home, education, or emergency expenses.

Top 20 Loan Companies

1. CASHe

CASHe offers quick personal loans to young professionals. Whether you need a travel loan, home renovation loan, education loan, or an instant personal loan, CASHe is there to help you. As they use a unique method to check your creditworthiness, it is easier for people with little credit history to get a loan.

2. Axis Bank

Axis Bank provides personal loans with low interest rates and flexible repayment plans. They are known for fast processing and simple paperwork. Their wide network of branches and strong online presence make it easy to access their services.

3. IndusInd Bank

Another loan agency, IndusInd Bank offers personal loans at good interest rates and has a fast disbursal process. They have options for both salaried and self-employed people. Their customer support is highly rated and that is why people get help whenever needed.

4. IDFC First Bank

IDFC First Bank is known for being customer-friendly and transparent. They offer personal loans with flexible terms and no hidden fees. Their quick approval process helps you get the funds you need without any hassle.

5. HDFC Bank

HDFC Bank is one of the top-rated loan companies in India. They offer personal loans with competitive rates and quick approval. Their extensive branch network and excellent customer service are the reasons why they are often touted to be one of the most popular loan companies in the country.

6. ICICI Bank

ICICI Bank provides personal loans with easy repayment options and fast processing. Their online application is user-friendly and their customer service is excellent. They also offer pre-approved loans to their existing customers. ICICI Bank has a strong digital platform and this allows customers to track and manage their loans easily.

7. Kotak Mahindra Bank

Kotak Mahindra Bank offers personal loans with low interest rates and minimal paperwork. They have a range of loan products to meet different needs. Their flexible tenure options make it easier for you to manage repayments. Moreover, their strong customer support team is available to assist you throughout the loan process, and this is what makes borrowing a hassle-free experience.

Also Read: How To Repay Your Personal Loan On Time

8. Tata Capital

Tata Capital is known for its easy-to-get personal loans with competitive rates. They focus on quick disbursal and flexible repayment options. Their personalised loan solutions cater to various financial needs. Tata Capital also offers a simple and transparent application process, ensuring you understand all terms clearly.

9. Bajaj Finserv

Bajaj Finserv also offers personal loans with fast approval and simple documentation. They are known for their flexible repayment plans and transparent processes. Their customer-friendly approach makes borrowing stress-free. No wonder it is one of the best loan companies in India. Also, Bajaj Finserv provides pre-approved offers for existing customers.

10. Federal Bank

Federal Bank stands out for its commitment to understanding each customer’s unique financial situation. They go beyond just offering personal loans by providing personalised guidance and support throughout the borrowing process. With a focus on building long-term relationships, Federal Bank ensures that every customer feels valued and supported. Their dedication to excellence and customer satisfaction makes them a standout choice for those seeking a reliable and trustworthy loan provider.

11. DMI Finance

DMI Finance is a non-banking financial company (NBFC) that offers personal loans with low interest rates. The company distinguishes itself by prioritising simplicity and efficiency in the loan process. They understand the value of your time and that’s why they always aim to streamline paperwork and approvals for a hassle-free experience.

12. L&T Finance

Customer satisfaction and transparency are important for L&T Finance. That’s one of the reasons why they offer personal loans with flexible repayment options. Their wide range of loan products caters to various financial needs. With a commitment to excellence and a customer-centric approach, L&T Finance is quite a top choice for individuals seeking reliable loan options.

13. Kreditbee

You also have new options to go with! Kreditbee is an app-based lender offering instant personal loans. The app’s intuitive interface provides a hassle-free experience for managing your loan. It empowers you with control over your finances. With its cutting-edge technology and efficient services, the app provides a smooth personal loan experience.

14. MoneyTap

One of the top personal loan companies you can go with is MoneyTap. It offers a unique credit line where you can borrow as much as you need, whenever you need it. Their flexible repayment options and instant approval are popular features. This flexibility allows you to manage your finances more efficiently.

15. Piramal Finance

Piramal Finance doesn’t just lend money but they also help people start businesses. They support entrepreneurs by giving them the funds they need to get started and by offering advice and guidance along the way. By doing this, Piramal Finance helps create more jobs and opportunities for everyone. They believe in the power of small businesses to make a big difference in the world.

Also Read: 6 Dos and Don’ts While Applying for an Instant Loan

16. Aditya Birla

Apart from providing personal loans with low interest rates and simple paperwork, Aditya Birla also helps make the world a better place. They are known for fast approval and a customer-friendly approach. Their wide range of financial products makes them a versatile choice.

17. Moneyview

When unexpected expenses pop up, getting a loan can help you a lot. That’s where Moneyview comes in. They offer instant personal loans through their digital platform and provide quick access to funds when you need them the most. With flexible repayment options, borrowing from Moneyview is convenient and stress-free.

18. Mahindra Finance

When you need extra money for important things like home repairs or education, Mahindra Finance is there to help with personal loans. They offer competitive interest rates and quick approval, making it easy to get the funds you need when you need them. Moreover, Mahindra Finance puts customers first and hence, offers flexible loan products to meet your specific needs.

19. TurboLoan by Cholamandalam Personal Loan

When you are facing a financial crunch and you need urgent money, TurboLoan by Cholamandalam can be the go-to option for instant personal loans. With minimal paperwork and quick disbursal, they make the borrowing process easy and hassle-free. Also, TurboLoan offers flexible repayment options, so you can choose a plan that works best for you.

20. Navi Personal Loan

One of the best loan agencies, Navi Personal Loan also offers quick and easy personal loans with competitive rates. Their digital-first approach is the reason for their large customer base. With this, you can access their services anytime and from anywhere in the world.

Also Read: Term Loans 101: Definition, Classification, Benefits & Eligibility


There is no doubt that instant personal loans are a great way to get the money you need quickly. So, take a look at these top loan companies in India if you are looking for personal loans with low interest rates and flexible repayment options. With many of these lenders offering online services, getting a loan is now easier and faster than ever.

Choose the best loan company for you right now!

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CASHe Team Welcome to the CASHe blog, your trusted source for insightful articles on personal loans, credit lines, digital gold, finance, lifestyle, and more. Our team at CASHe is a dedicated group of writers, editors, and subject matter experts passionate about simplifying finance for our readers.


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