List of RBI Approved Loan Apps in India

With RBI approved loan apps, it’s easier than ever to get a loan in the digital age we live in now. When you need money, you can easily borrow it through these smartphone apps. The following article tells you about RBI registered loan app list, what they are, how they work, and why they are a big deal for borrowing money in India.

What is loan App?

Using their smartphones or other connected devices, people can apply for and handle different sorts of loans using a loan app, which is a digital platform or mobile application. These apps offer a quick and easy alternative for users to get credit and financial support without having to go to actual bank locations.

Most lending applications provide a variety of loan options, including personal loans, business loans, student loans, and others. By completing an online application form within the app, users can submit loan requests. In order to determine the borrower’s eligibility and creditworthiness, the app frequently requests personal, financial, and employment information.

Following application submission, the algorithm or system of the lending app assesses the information given and determines whether the borrower is eligible for the requested loan amount. The borrower receives an offer describing the loan terms, interest rates, repayment plan, and any associated fees if the loan is authorized.

Once the borrower accepts the offer, the loan sum is delivered immediately—often within minutes—directly to their bank account. Apps for managing loans also give borrowers the ability to track their payment history, make payments, and manage their debts.

Due to their accessibility, quickness, and convenience, loan apps have grown in popularity. They assist those who might want quick financial support for crises, private initiatives, or commercial activities. However, in order to guarantee honest lending practices, fair conditions, and data security, it is crucial to select RBI-approved loan apps. Before accepting any loan offer, always read the terms and conditions. Then, based on your financial need and capacity, make an informed choice.

Opting for RBI Approved Loan Apps in India: Why It Matters?

For a variety of reasons, using RBI approved Loan Apps is essential in India. These applications adhere to rules, guaranteeing ethical behavior and safeguarding your interests. They place a high priority on data protection, have appropriate grievance procedures, and fully disclose terms. Selecting certified apps boosts credibility, guards against fraud, and helps the economy. It’s a wise method to manage your borrowing while avoiding any risks that could come from using unregulated services.

In order to protect your financial interests, it is essential to exclusively use RBI Approved Loan Apps in India. These apps offer a layer of reliability, transparency, and regulatory monitoring. Here is why it’s important:

Regulatory Compliance: Apps that have received RBI approval abide by the rules and regulations established by the institution. This guarantees that the app functions within the law’s parameters, encouraging fair lending practices and safeguarding users.

Transparent conditions: Loan conditions, such as interest rates, fees, and repayment schedules, are more likely to be transparent and unambiguous for applications that are approved. This avoids financial surprises and unforeseen fees.

Data Security: To protect your personal and financial information, RBI-approved apps follow strong data security guidelines. Identity theft and data breaches are less likely as a result.

Ethical Lending: Approved applications adhere to ethical lending standards and take into account your ability to repay a loan before approving one. By doing this, borrowers are kept out of debt traps.

Grievance Redressal: RBI-approved apps must have appropriate procedures for resolving client complaints. You have a dependable technique to look for solutions if you run into any problems.

Avoid Scams: Fraudulent or unapproved loan applications may prey on borrowers. Utilizing apps that have received RBI approval lowers the possibility of falling for fraud or unethical financing techniques.

Supporting the Formal Financial System: Using approved apps encourages financial inclusion and helps the development of the formal financial system.

Maintaining Your Credit Score: Credit bureaus are more likely to record loans from applications that the RBI has approved. Repayments made on time can have a beneficial effect on your credit score, giving you access to better financial prospects.

Building Trust: Approved applications have been examined by regulatory bodies, giving users confidence in their legality and dependability.

Long-term Financial Well-being: By selecting RBI registered Loan Apps, you can be sure that your borrowing choices adhere to legal standards and promote a more secure financial future.

RBI approved loan apps list in India

we’ll dive into the world of RBI approved loan apps in India. You’ll find a comprehensive list of these trusted platforms that have received the endorsement of the Reserve Bank of India.

. No.Name Of The Registered AppCredit Limit
1SBI YONO APP₹1500 to ₹60000
2Tata CapitalAbove 10 Lakhs
3Stashfin  (Credit Line + Personal Loan)Loan up to 5 Lakhs
4NAVILoan up to 5 Lakhs
5Lazypay(Credit Line + Personal Loan)Loan up to 1 Lakhs
6Freopay (Credit Line)Loan up to ₹10000
7PaysenseLoan up to 2 Lakh
8 Dhani Loan AppLoan up to 5 Lakhs
9MI CreditAbove 5 Lakhs
10Cashbean– Online Loan AppLoan up to 1 Lakh
11Avail FinanceLoan up to ₹50000
12NIRA Instant Loan AppLoan up to 2 Lakh
13Branch Loan AppLoan up to ₹50,000
14Smart coin Loan AppLoan up to 2 Lakhs
15Rupeek App (Gold Loan)Loan up to 50 Lakhs
16Simple Pay LaterLoan up to 1 Lakhs
17Mobikwik (Credit Line + Consumer Loan)Loan up to 2 Lakh
18Paytm Personal LoanLoan up to 2 Lakh
19Krazybee (Consumer Loan)Loan up to 2 Lakh
20Bharatpe (Business Loan)Loan up to 5 Lakh
21Paytm Postpaid (Credit Line)Loan up to 1 Lakhs
22True CallerLoan up to 5 Lakh
23Simply Cash Loan AppLoan up to 2 Lakh
24SliceLoan up to 1 Lakhs
25True BalanceLoan up to ₹50,000
26Zest M28oney (Consumer Loan)Above 2 Lakh
27Amazon P29ay LaterLoan up to ₹60,000
28Flipkart Pay LaterLoan up to ₹60,000
29Kreditzy Instant Loan AppLoan up to 5 Lakh
30Tata neu Credit card (Qik EMI Card)₹10000 to ₹150000
31Tata Neu App (Qik Personal Loan)₹10000 to ₹10,00,000
32Ola Money pay Later₹1500 to ₹20000
33Khatabook Instant Loan App₹50,000 to ₹0,00,000
34Jupiter credit limitLoan up to ₹50,000
35OneCard Loan App₹10000 to ₹150,000
36Paisabazaar credit limit₹50,000 to ₹10,00,000
37imobile Pay LaterLoan up to ₹ 20,000
38Kreditbee Instant Loan AppLoan up to 2 Lakh
39India IDFC First Bank Pay later₹1500 to ₹ 60000
40Bajaj Finserv App₹ 50,000 to ₹ 5,00,000
41Rufilo Loan App₹5000 to ₹25,000
42IBL FINANCE App₹5000 to ₹25,000
43Early Salary Instant Loan App₹ 8,000 to ₹ 500,000
44Money View₹10,000 to ₹ 5,00,000
45CASHe₹1,000 to ₹ 3,00,000
46mPokket₹500 to ₹30,000
47Stashfin – Credit Line & Loan₹1,000 to ₹5,00,000
48MoneyTap₹1,000 to₹60,000
49FairMoney Loan AppLoan up to 2 Lakh
50KreditOne₹5000 to ₹25,000
51FlexSalary Instant Loan App₹5000 to ₹25,000
52DigiMoney– Online Loan App₹5000 to ₹25,000
53IndialendsLoan up to ₹5,00,000
54Mystro Loans & Neo Banking appLoan up to ₹50,000
55Kissht: Instant Line of Credit₹10,000 to ₹ 1,00,000
56IndusMobile: Digital Banking₹5000 to 200,000
57Prefr: Get instant loan₹10,000 to ₹3,00,000
58InstaMoney Personal Loan₹5,000 to ₹25,000
59Swift Loan– Online Loan AppLoan up to ₹50,000
60RapidPaisa₹ 1,000 – ‎₹ 10,000
61CreditScore, CreditCard, LoansLoan up to ₹ 5 Lakh
62Bajaj MARKETS: Loan, Card, UPILoan up to ₹25 Lakhs
63Fullerton India Credit Company LimitedLoan up to ₹25 lakhs
64LoanFront₹2000 to ₹2 lakhs
65PocketlyLoan up to ₹10,000
66Bueno LoansLoan up to ₹25000
67PayRupik– Online Loan AppLoan up to ₹20,000
68Loaney₹200 to ₹20,000
69RupeePark₹5,000 to ₹500,000
70Cash Planet – Online Loan App₹5,000 to ₹500,000
71CreditScore – PaisaBazaar₹1000 to ₹ 50,000
72Money Tap₹3000 to ₹ 5 lakh
73Khatabook App₹50,000 to ₹10 lakh
74OneCard App₹ 10000 to ₹ 1.5 lakh

Top 10 RBI Approved Loan Apps In India 2023

  1. NAVI
  2. Pay sense
  3. CASHe
  4. Mpockket
  5. Dhani
  6. India Lends
  7. Pay me India
  8. IDFC First
  9. Nira loan app
  10. Kreditbee

Important Document Required For Loan

  • Aadhaar Card.
  • PAN Card.
  • Voter ID.
  • The bank statement must be given.
  • Take a selfie from the loan app.


Family ID


Jnanabhumi Scholarship

Easy Borrowing: Step-by-Step Guide to Applying for Loans via RBI Approved Apps in India

There are a few simple procedures involved in applying for a loan in India using RBI approved loan apps. Here’s a how-to manual to walk you through the procedure:

Investigate and Select a Reputable App: Investigate RBI approved loan apps and select one that best suits your borrowing need. Check the app’s validity, reviews, and user feedback.

Download and start up the application:
Search for the preferred loan app in the app store for your device (App Store for iOS or Google Play Store for Android), then download and install it.

Sign up and Register:
Launch the app, then register or create an account. Your mobile number, email address, and password will probably be required.

Complete Profile and KYC:
Please enter the requested personal and financial information. You must upload your Know Your Customer (KYC) documents, which often comprise an Aadhaar card, a PAN card, a document proving your address, and occasionally documents proving your income.

Choose Loan Type and Amount: Select the type of loan you need (personal loan, business loan, etc.) and the desired loan amount. Loan apps often provide calculators to help you understand the estimated EMI (Equated Monthly Installment) based on the amount and tenure.

Provide Loan Purpose:
State the purpose of the loan. Some apps may require this information to assess your eligibility.

Verify Details:
Review all the details you’ve entered, ensuring accuracy. This is crucial for a smooth loan application process.

Submit Application:
Once you’re satisfied with the information provided, submit your loan application through the app. Some apps might require an application fee, so be prepared to make this payment if needed.

Wait for Approval:
The app’s algorithm will evaluate your application and determine your eligibility. This may take some time, and you might receive notifications or emails regarding the status.

Accept Loan Offer:
If your application is approved, you’ll receive a loan offer with the terms, interest rates, and repayment schedule. Review these terms carefully before accepting the offer.

Provide Bank Details:
Provide your bank account details to receive the loan amount. Make sure the account is in your name and is the one you intend to use for repayments.

Receive Disbursement:
Once you’ve accepted the offer and provided your bank details, the approved loan amount will be disbursed to your account. This might happen within a few hours or a couple of days, depending on the app.

Repay the Loan:
Start repaying the loan according to the agreed-upon repayment schedule. Many apps provide convenient payment options, including automatic deductions.

Keep in mind that the specific stages may differ slightly between loan applications. Before moving forward with any loan application, be sure you’re using a reputable and approved app and carefully read the terms and conditions.

Eligibility for getting loan through RBI approved loan apps in India

The requirements for receiving a loan using RBI-approved loan apps in India vary depending on the app and type of loan. However, borrowers may need to meet the following regular eligibility criteria:

  • Age: Most loan applications stipulate that applicants must fall inside a certain age range, usually between 18 and 65. Depending on the application and the type of loan, the exact age restrictions may change.
  • Citizenship and residency: It is frequently a requirement for borrowers to be Indian nationals or residents. Specific rules regarding resident status may apply to some applications.
  • Income: To determine a borrower’s ability to repay a loan, loan applications evaluate their income. Depending on the loan size and kind, a minimum monthly income requirement can apply.
  • Employment: A stable source of income is a requirement for many loan applications. In general, salaried workers, independent contractors, and business owners are all qualified. Certain requirements linked to the duration of employment or firm activity may be present in some applications.
  • Credit Score: Having a decent credit score might increase your chances of approval and result in better terms, even though certain loan applications cater to customers with lower credit ratings. A minimum credit score may be required for some applications.
  • Credit History: Good credit history is a sign of prudent borrowing habits. Your credit history might be taken into account by some applications during the evaluation stage.
  • Know Your Customer (KYC) documentation, such as an Aadhaar card, a PAN card, a proof of address, and a source of income, are frequently needed for identity verification and eligibility evaluation.
  • Loan Purpose: The loan’s objectives may affect your qualification. For instance, compared to more specialized loans like company loans or education loans, personal loans may have more lenient eligibility requirements.
  • Loan applications may look at your debt-to-income ratio, which compares your monthly loan payments to your income. In general, a smaller percentage is advantageous for loan acceptance.
  • Loan apps determine your repayment capacity based on your income, expenses, and current commitments to make sure you can afford the loan repayments.
  • Loan Amount: Depending on the loan amount you’re applying for, several factors may affect your eligibility. Different requirements for modest and big loan amounts may apply to some applications.

Filing a Complaint on the RBI Portal: A Step-by-Step Guide

Start by going to the Reserve Bank of India’s (RBI) official website at if you need to report a problem or complaint. Go to the “Complaints” or “Customer Service” area of the website to identify the contacts you need to report issues. You can opt to get in touch with the RBI by phone, email, or by using the online complaint form on the website, depending on your preferences. Provide specific information when reporting your concern, including the nature of the issue, relevant transactions, names of the persons involved, and any supporting documentation or evidence you may have. Keep a record of any reference numbers or email confirmations you receive after submitting your complaint. Use the contact details on the RBI website to follow up on your complaint if you don’t get a response to it right away. Keep in mind that for accurate and up-to-date information on reporting problems, only utilize the official RBI website.

1.What does the RBI’s approval of a loan application mean?
The regulatory framework put in place by the central bank applies to loan applications that have been approved by the RBI. This approval shows that the app complies with policies and rules that support transparent lending processes, fair lending practices, and consumer protection.

2.How can I identify if a loan app is approved by the RBI?
For any reference of being subject to RBI regulation, look to the app’s official website or documentation. To further confirm the legitimacy of the loan app, you can also check the RBI’s official website or speak with reliable financial sources.

3.Are all loan apps available on app stores approved by the RBI?
No, not always. While many reputable lending apps that may be found in app stores operate in accordance with the RBI’s regulations, not all apps may receive RBI approval. Before utilizing an app for financial transactions, it’s crucial to do your homework and confirm its legitimacy.

4.Are RBI approved loan apps secure for my personal and financial information?
Data security and privacy requirements must be followed by loan applications that have received RBI approval. To make sure your information is managed safely, it is advised to study the app’s privacy policy, data handling procedures, and user reviews.

5.Can I trust all RBI approved loan apps equally?
Despite the fact that RBI approval denotes a certain level of regulatory monitoring, it is nevertheless crucial to proceed with caution and due diligence. Check out the app’s reputation, ratings, and user reviews to see how reliable it is.

6.Do RBI approved loan apps charge additional fees for approval?
Genuine RBI registered loan apps are unlikely to demand payment just for approval. Apps that want upfront payments yet don’t provide clear information about their services should be avoided.

7.Can I report issues with RBIapproved loan apps to the RBI?
Yes, you can contact the RBI through its formal methods if you have problems with a lending app that has been approved by the RBI. For instructions on how to report issues, go to the RBI’s website or get in touch with their customer service.

Are there any regulations for interest rates on RBI approved loan apps?
Yes, the maximum interest rates and costs that lenders, including lending apps, can charge are frequently outlined in RBI regulations. Always check the app’s terms and conditions to make sure they adhere to legal requirements.