Small Loan is a free Android app developed by Small Loan LTD, which offers instant online personal loans in India. The app is designed to provide small-ticket loans for a tenure of 6 to 36 months at an interest rate of 3% per month. The loan amount can be directly transferred to your bank account by the Non-Banking Financial Companies (NBFCs) licensed by the Reserve Bank of India (RBI).

The app offers several benefits to its users, including low-interest rates with high returns, no physical verification or visits, easy access and application process, flexible repayment schedule, 100% digital process with minimum documentation, and the chance to improve your credit score with every repayment. The app also offers an example of loans for better understanding, where users can get a loan amount of ₹50,000 with an interest rate of 3% monthly simple interest for 12 months. The EMI amount would be ₹5,023, and the total interest payable would be ₹10,276. The processing fee is ₹1000, and the disbursed amount would be ₹48,820. The total amount payable would be ₹60,276, and the Annual Percentage Rate (APR) is 22.9%.