Top 20 RBI Approved Loan apps in India (2026) for faster Loan | OneNDF

RBI approved loan apps undergo rigorous scrutiny to comply with regulatory guidelines, protect consumer interests, and maintain data privacy. By using authorised platforms, you can avoid the risks associated with predatory lending, such as exorbitant interest rates, harassment for repayment, or misuse of personal information.

Top 20+ RBI Approved Loan Apps List in India 2026

Here are the list of Top 20+ RBI Approved Loan Apps In India:

S. No.	RBI Registered Loan Apps in India	Loan Amount Limit	Interest Rate
1	PhonePe	Loan up to 5 Lakh	Starting 13% p.a.
2	Groww	Depends on Income Profile	Starting 10.75% p.a.
3	Paytm Personal Loan	Loan up to 5 Lakh	Starting 1.66% p.m.
4	Tata Capital	Loan up to 35 Lakh	Starting 11.50% p.a.
5	Fibe (Formerly Early Salary)	Loan up to 5 Lakh	Starting 18% p.a.
6	Tata Neu App (Qik Personal Loan)	Loan up to 10 Lakh	Starting 10.49% p.a.
7	Click My Loan	Loan up to 5 Lakh	Depend on Loan Amount
8	Credy	Loan up to 1 Lakh	Starting 1% to 1.5% p.m.
9	Money View	Loan up to 10 Lakh	Starting 16% p.a.
10	Finnable	Loan up to 10 Lakh	Starting 16% p.a.
11	FairMoney	Loans up to 30 Lakh	Starting 2.5% to 30% p.m.
12	Privo	Loan up to 5 Lakh	Starting 9.99% p.a.
13	Paysense	Loan up to 5 Lakhs	Starting 1.4%- 2.3% p.m.
14	Freo Money	Loan up to 5 Lakh	Starting 1.08% p.m.
15	Dhani Loan App	Loan up to 15 Lakh	Starting 13.99% p.a.
16	NIRA Instant Loan App	Loan up to 1.5 Lakh	Starting 2% to 3% per month
17	CASHe	Loan up to 4 Lakh	Starting 2.50% p.m
18	NAVI	Loan up to 20 Lakhs	Starting 9.9 p.a.
19	Bajaj Finserv App	Loan up to 40 Lakh	Starting 11 % p.a.
20	mPokket	Loans up to 45,000	starting 2% to 2.5 p.m
21	Alpha Money	Loan up to 1 Lakh	Starting 30% p.a.

RBI Approved Loan Apps List 2026 Pdf Download

Top RBI Approved Loan Apps in India [2026]: Our Recommendation

1. PhonePe

PhonePe (Phonepe Technology Services Private Limited) is a digital payment system which also provides loans from various trusted loan agencies in case of need. Registered with the RBI as a Non-Banking Financial Company (NBFC), PhonePe partners with 40+ verified and RBI-approved lending institutions, making it one of the most convenient and reliable ways to borrow money.

Loan Overview

• Interest Rate: Starting 13% p.a.
• Loan Amount: Up to 5 Lakhs
• Repayment Tenure: Up to 60 months
• Eligibility Criteria: Make sure your mobile number link to your Aadhaar card, PAN card, Cibil score above 700, No previous loan pending.

2. Groww

It is primarily known for its investment platform, Groww has also added personal loans to its services. The app provides fast and simple loans with limited documentation which is appealing to the borrowers. Groww offers flexible terms and competitive interest rates, and for ease of access, it also has a separate app on the Play Store called Groww Credit dedicated solely to personal loans.

Loan Overview

• Interest Rate: Starting 10.75% p.a.
• Loan Amount: It depends on your credit history and Income profile.
• Repayment Tenure: Up to 60 months
• Eligibility Criteria: Passport Photograph, Make sure your mobile number link to your Aadhaar card, PAN Card, Salary Slip, bank statement (Minimum 6 Months).

Suggested Read: Best 25+ Low Credit Score loan App List

3. Paytm

Paytm, widely known for its digital payment services, also offers instant personal loans through its app. The Paytm Loan app provides quick access to funds with a hassle-free application process, making it ideal for individuals in need of short-term financial assistance.

Paytm partners with trusted RBI-approved lending institutions such as Hero Fincorp, Poonawalla Fincorp, Fibe, Indifi, Clix, Tata Capital, InCred Finance, SMFG India Credit, Federal Bank, Piramal Finance, Aditya Birla Capital, IndusInd Bank, and KreditBee, ensuring a secure and reliable borrowing experience.

Loan Overview

• Interest Rate: Starting @1.66% p.m.
• Loan Amount: Up to 5 Lakhs
• Repayment Tenure: Up to 60 months
• Documents Required: Passport Photograph, Address proof such as water, gas, or electricity bill, Identify proof such as Aadhaar card or voter I’d, bank statement (Minimum 3 Months in a pdf format).

4. Tata Capital

Tata Capital is a key player in India’s financial sector, offering a variety of services aimed at individual shoppers, companies, and big organizations. It’s part of the Tata Group – a huge and historic set of companies in India recognized for their honest and ethical services.

Their products include personal loans for various needs, home loans, two-wheeler and used car loans, and loans against property or securities. There are also credit cards with rewards. For businesses, they offer working capital and term loans, construction and equipment finance, leasing, and vehicle loans for commercial use. Additionally, they provide structured financial solutions and investment options through wealth management services.

Approved by the Reserve Bank of India (RBI) on November 4, 2011, with Registration No. N-13.02005, they’re authorized to operate as a non-deposit taking financial institution in line with the RBI Act, 1934. Known for its dedication to honesty and its ethical approach, Tata Capital delivers personalized services, establishing itself as a trusted and all-encompassing financial partner.

Loan Overview

• Interest Rate: Starting @11.50% p.a.
• Loan Amount: Starting from 40 thousand to up to Rs. 35 lakhs
• Repayment Tenure: Up to 6 Years
• Eligibility Criteria: Passport Photograph, Address proof such as water, gas, or electricity bill, Proof of Identity such as Aadhaar card, passport, Driving Licence and Income proof.
• Processing Fee: Upto 3.5% of the loan amount + GST
• Features: Offer competitive rates, flexible repayment options, and cater to various needs (personal, home, business).

5. Fibe

Fibe is also called as EarlySalary is one of the fast gaining lending apps providing personal loans. Since it is aimed mainly at assisting the salary class people to meet some requirements in a very short time, the Fibe loan app has quick fund disbursement, less documentation and easy to repay options.

Major Highlights

• Interest Rate: Starting @18% p.a.
• Loan Amount: Up to 5 Lakhs
• Processing Fees: 2%
• Repayment Tenure: Up to 36 months
• Eligibility Criteria: Passport Photograph, Address proof such as water, gas, or electricity bill, Proof of Identity such as Aadhaar card, passport, Driving Licence or Voter Id, Income proof – bank statement (Last 3 Months), Salary Slip (Last 3 Months).

6.Tata Neu App

Tata Neu is a useful app for availing personal loans and other financial needs. It is a personal loan app funded by Tata Capital and the borrowers do not have to spend much time on bulk loads of paperwork to receive the loan.

Loan Overview

• Loan Amount: Up to 10 Lakhs
• Interest Rate: Starts@ 10.49%
• Loan Tenure: Up to 60 months
• Documents Required: Voter ID, Aadhaar card, passport, or driving license, Copy of your electricity bill, ration card, or passport. Income proof – bank statement (Last 3 Months), Salary Slip (Last 3 Months).

7. Click My Loan

Click My Loan (F mec International Financial Services Ltd) is a non-banking financial company registered with RBI that extends personal loans for amounts up to ₹5 lakhs. This company is focused on providing funds directly into the bank accounts of the borrowers within a single day of application. While interest rates are dependent on the amount taken and the duration of the loan. The types of loans extended here comprising, personal, micro, travel, and invoice discounting.

Loan Overview

• Interest Rate: It Depends on loan amount and tenure.
• Maximum Loan Amount: ₹2 Lakhs
• Loan Tenure: 24 months
• Documents: Photograph, Aadhaar card/PAN card, bank account statement (past 6 months), and Salary slips of last 3 months.
• Features: Instant Transfer to Bank, No Prepayment Charges, No long forms, no paperwork—just fill in a few details and get instant cash.

8. Credy

Credy is a personal loan app in India that provides quick and hassle-free loans to salaried individuals. It aims to simplify the borrowing process, offering financial assistance without the long approval times often associated with traditional banks.

Major Highlights

• Loan Amount – Up to ₹ 1 Lakh
• Interest Rate – 1 to 1.5% of Loan Amount Per Month
• Processing Fee – 3%
• Documents: Photograph, Aadhaar card, PAN card, bank account statement (Last 6 months) and Sign a NACH or auto-debit mandate for seamless repayments.

9. MoneyView

MoneyView is a digital service which accesses financial services to its users. It helps users borrow personalized loans, detect their credit behavior and offers a saving tool of investments with higher returns in a special pro-saver account.

Loan Overview

• Loan Amount: Up to 10 Lakh
• Interest Rate: 16% of Loan Amount p.a.
• Documents: Photograph, Mobile Number link to Aadhaar card, PAN card or other documents required.
• Features: Collateral-free loans, Quick Disbursement, Minimal Documentation.

10. Finnable

Finnable is an RBI-regulated and legally compliant app offering personal loans with affordable interest rates.

Loan Overview

• Loan Amount: Up to 10 Lakh
• Interest Rate: 16% of Loan Amount p.a.
• Processing fee: 4%
• Documents: Photograph, Mobile Number link to Aadhaar card, PAN card or other documents required.
• Features: Collateral-free loans, Quick Disbursement, Minimal Documentation.

11. FairMoney

FairMoney is a fintech app that provides a range of services, including banking, savings, and investment options, as well as personal and business loans. And Yes, FairMoney is an RBI-approved app in India.

Loan Overview

• Loan Amount: Up to 30 Lakhs (personal loan) and 50 Lakhs (Business Loan)
• Interest Rate: For personal loan is 2.5% to 30%, Business Loan – depend on loan amount.
• Loan Tenure: 24 months
• Processing fee: starts 3%
• Documents: Passport photography, Mobile Number link to Aadhaar card/ PAN card, 6 months bank statement, Age between 22 and 65.
• Features: Collateral-free loans, Quick Disbursement, Minimal Documentation.

12. Privo

Privo is an RBI-regulated NBFC and a leading platform for instant online loans, offering a seamless and hassle-free borrowing experience. Whether you need funds for a medical emergency, marriage, home repair, or vacation, Privo ensures quick and convenient access to financial support.

Loan Overview

• Loan Amount: Up to 5 Lakhs
• Interest Rate: Starts@ 9.99%
• Loan Tenure: 12 – 60 months
• Processing fee: 1% to 3% of loan amount
• Documents: Passport photography, Aadhaar card/ PAN card, 6 months bank statement and Salary Slip.
• Eligibility: Age between 21 and 60, CIBIL Score at least 700 or more and monthly salary in-hand is ₹18,000.

13. PaySense

PaySense has partnered with leading Indian banks and finance companies registered with RBI, like PayU Finance, IDFC First Bank, Kisetsu Saison Finance, and SMFG India Credit Company (formerly Fullerton India). 

Loan Overview

• Interest Rate: 1.4 to 2.3 % per month
• Maximum Loan Amount: ₹ 5,00,000
• Minimum Loan Amount: ₹ 5,000
• Documents: Aadhaar card/PAN card, bank account statement, and a Photograph
• Features: Low-Interest rates, No collateral, No CIBIL, Easy documentation, Quick approvals.

Through their instant personal loan app, they offer loans from ₹5,000 to ₹5,00,000 with yearly interest rates between 16% to 36%. The interest is calculated on the remaining loan amount. The loans don’t require any collateral and have flexible EMI options. On their app, you can get different types of loans like personal loans for weddings, vehicle loans for new/used cars and bikes, loans for consumer durables, travel loans, education loans, medical emergency loans, and instant cash loans.

14. Freo Money

Freo Money is a company that provides personal loans through their app. They have partnered with leading banks and non-banking financial companies (NBFCs) in India that are RBI registered. On the Freo Money app, you can get an instant personal loan from Rs. 3,000 to Rs. 5 lakhs.

The interest rates are affordable, ranging from 13% to 24% per year. You don’t need to provide any collateral or security deposit. The loan repayment tenure is flexible, from 2 months to 3 years. You can use the Freo Money loan for various purposes like medical emergencies, weddings, travel, education fees, home renovations or debt consolidation. The entire loan process is paperless and can be completed within minutes through their mobile app.

Loan Overview

• Interest Rate: 1.08 to 2.3 % per month
• Maximum Loan Amount: ₹ 5 Lakh
• Minimum Loan Amount: ₹ 3,000
• Documents: Selfie, PAN card, Photo ID proof (passport/driving license/Voter ID/ Aadhar Card), Address proof (electricity bill/ration card/gas bill or postpaid mobile bill/telephone bill/ broadband bill), Bank statements, Rental agreement, Credit card statement.
• Features: 100% paperless process, pay interest only for the borrowed amount, Flexible EMI tenure ranging from 2 to 36 months, Collateral free loan, 4 minutes approval, Secured API and interface

15. Dhani

Dhani Loans and Services Limited, formerly known as Indiabulls Consumer Finance Limited, is a non-deposit taking NBFC registered with the Reserve Bank of India. It is a 100% subsidiary of Dhani Services Limited. As digitization transformed the banking and financial sector, the company recognized an opportunity and ventured into retail lending with Dhani Loans and Services Limited, an Investment and Credit Company (ICC).

Loan Overview

• Interest Rate: 13.99 % per annum
• Maximum Loan Amount: ₹ 15 Lakh
• Minimum Loan Amount: ₹ 1,000
• Documents: PAN card, Address proof (passport, voter ID, driving license, Aadhar card), Bank details
• Features: Instant personal loan up to ₹ 15,00,000, Easy EMI, Amazing cashback, Free Dhani RuPay card, 100% online, 24*7 customer support.

16. NIRA App

NIRA app helps salaried people get loans easily. It connects with banks and NBFCs approved by RBI to provide loans. Some of its lending partners are Muthoot Finance, IIFL Finance, HDB Financial Services, NDX P2P Private Limited, Northern Arc Capital, and PayU Finance India.

Download the quick loan application, sign up, turn in the required documents, and link a bank account. It will instantly assess your credit score and secure a free loan for you. Depending on your credit score, you could qualify for up to  ₹ 1,50,000 with a monthly interest rate between 2% and 3%.

Loan Overview

• Interest Rate: 2% to 3% per month
• Maximum Loan Amount: ₹ 1.5 Lakh
• Minimum Loan Amount: ₹ 5,000
• Documents: Salary Slip, Last 3 months bank statement, PAN card, Photograph, ID proofs
• Features: Lower interest rates, Easy repayment, Flexible schedule, customer service, quick disbursal.

17. CASHe

CASHe is a user-friendly technology platform that provides a hassle-free experience to get instant personal loans through a mobile app. However, CASHe itself is not a bank or NBFC. It is powered by Bhanix Finance and Investment Ltd., which is an RBI registered NBFC. Bhanix Finance is the actual lender, and all payment terms and conditions are agreed with them, not CASHe.

They offer loans from Rs. 15,000 to Rs. 4 lakhs with affordable interest rates. The process is fully online with no paperwork required. To get a CASHe loan, you just need to download their app and complete a quick online application. CASHe uses advanced data algorithms to verify your credentials and approve your loan amount within minutes. The approved loan is then instantly transferred to your bank account. 

You can use the CASHe loan for various purposes like medical expenses, travel, debt consolidation, or even business needs. Repayment tenure is flexible from 15 days to 3 years.

Loan Overview

• Interest Rate: Starts from 2.50% per month
• Maximum Loan Amount: ₹ 4 Lakhs
• Minimum Loan Amount: ₹ 15,000
• Features: Online process, Privacy & security, 24/7 service, Low-interest rates

18. NAVI

NAVI is an instant loan app that provides upto 20 lakh loan amounts with an interest rate starting at 9.99 percent p.a. for a duration of up to 6 years. 

The nice thing about this application is that it eliminates paper, as PAN and Aadhaar numbers are used in the loan application process. The applicant’s bank account will immediately be credited when the loan is granted, which often takes less than 10 minutes. Also, the app offers simple, affordable, and accessible financial products and services. NAVI is for sure one of the best personal loan apps.

Loan Overview

• Annual Interest Rate: Starting at 9.99% p.a.
• Maximum Loan Amount: ₹ 20 Lakhs
• Minimum Loan Amount: n/a
• Documents: Aadhar Card, PAN Card
• Features: Paperless, Annual Interest rate, Quick (10 mins), Fully Online.

19. Bajaj Finserv

Bajaj Finserv is a major financial company in India that is part of Bajaj Holdings & Investments Limited. It’s approved by the Reserve Bank of India (RBI) and offers many services like loans, managing assets and wealth, and insurance. It serves millions of people in India, offering personal, home, and business loans, as well as savings options like fixed deposits and insurance for health and life. 

Bajaj Finserv also has a special section called Bajaj Finance Limited that focuses on making its services easy for everyone to use. Following strict rules set by the RBI, Bajaj Finserv works hard to keep its customers happy and build strong relationships.

Loan Overview

• Interest Rate: Starting 11% p.a.
• Maximum Loan Amount: Up To ₹40 Lakhs
• Minimum Loan Amount: 20,000
• Documents: Aadhaar, passport, voter’s ID, driving licence, or a Letter of National Population Register/ NREGA job card; PAN card; employee ID card; salary slips of the last 3 months; bank account statements of the previous 3 months; and utility bills like electricity and piped gas bills as proof of address.
• Features: Instant approval, Flexi Personal Loan, Money in the Bank within 24 Hours.

20. mPokket

mPokket, part of MPOKKET FINANCIAL SERVICES PRIVATE LIMITED, is a company that helps people quickly borrow money without needing to offer anything valuable as security. It was set up according to the Companies Act, 2013, making it official and legal. mPokket is approved by the Reserve Bank of India (RBI), indicating it follows strict rules to operate fairly and safely. 

It’s a mobile-based platform that provides instant loans across India, especially catering to students, young professionals, low-salary, and self-employed individuals who may face difficulties in securing funds through traditional means. This platform stands out for its quick loan approval and disbursal process, offering loans ranging from a few thousand to ₹20,000 with minimal documentation required. mPocket’s loans are unsecured, meaning no collateral is needed.

Loan Overview

• Interest Rate: Starting 2% to 2.5 p.m.
• Maximum Loan Amount: Up To ₹45,000
• Documents: Voter Card/Driving License/Passport/Aadhaar as an ID proof, PAN card (mandatory), Last 3 months bank statement, Salary slip/Offer Letter/Joining Letter.
• Features: Instant Disbursal, Paperless Process, No Collateral Required, Flexible Tenures, Low Processing Time, Flexible Loan Amounts, and Attractive Interest Rates.

21. Alpha Money

Alpha Money is a Reserve Bank of India (RBI) registered Non-Banking Financial Company – Peer to Peer Lending Platform (NBFC-P2P). It is one of the top personal loan-providing platform. This platform offers quick loans, with minimal documentation and no collateral security.

Loan Overview

• Interest Rate: Starting 30% p.a.
• Maximum Loan Amount: Up To ₹1 Lakh
• Documents: Complete KYC, PAN Card (mandatory), Last 3 months bank statement, Salary slip/Income Proof.
• Features: Quick Loan Disbursal, Attractive Rate of Interest, No Collateral Required, Flexible Repayment Tenure.

Step-by-step guide to apply for a loan through RBI approved loan apps in India

• Find and download an RBI approved loan app on your mobile device from the App Store or Play Store.
• Register on the app by creating an account using your email address and mobile number.
• Fill in personal information, including your name, address, and employment details.
• Upload required documents (Aaadhaar Card, PAN Card), proof of income, address proof, and bank statements, as required by the app.
• Check your Personal loan eligibility by calculating your CIBIL.
• Choose the loan option that fits your needs and provides the most favorable terms.
• Review and accept the loan agreement, which will outline the terms and conditions of the loan.
• The loan amount will be directly credited to your bank account or digital wallet if approved.
• Make timely loan repayments according to the loan agreement terms to maintain a good credit score and avoid late fees or penalties.

Benefits of Using RBI Approved Loan Apps in India

Choosing an RBI-approved loan app offers several advantages to borrowers:

• Safety and Security of Transactions: Approved loan apps must implement robust security measures, such as data encryption and secure payment gateways, to protect borrowers’ personal and financial information from unauthorised access or misuse.
• Transparency in Interest Rates and Fees: RBI-approved loan apps are required to disclose all applicable interest rates, processing fees, and other charges upfront, allowing borrowers to make informed decisions and avoid hidden costs.
• Recourse Mechanisms for Grievance Redressal: In case of disputes or grievances, borrowers have access to established mechanisms for redressal, such as complaint portals or ombudsman offices, which provide a formal channel for addressing their concerns.

Why it is important to use only RBI approved loan apps?

• RBI approval for loan apps is essential for several reasons: Regulatory Oversight and Consumer Protection: Approved loan apps are subject to regulatory oversight by the RBI, ensuring they comply with established norms and guidelines. This helps protect consumers from unfair lending practices, hidden charges, and potential fraud.
• Fair Lending Practices: RBI-approved loan apps must adhere to fair lending practices, including transparent interest rates, fee structures, and repayment terms. This transparency empowers borrowers to make informed decisions and avoid predatory lending practices.
• Preventing Fraud and Illegal Activities: The RBI’s approval process involves rigorous due diligence, which helps weed out loan apps involved in fraudulent activities, money laundering, or other illegal practices. This safeguards the interests of borrowers and maintains the integrity of the financial system.

Suggested Read: Best 25+ Loan Apps for Low Credit Score : Updated List[2026]

Eligibility requirements and documents required

To meet the eligibility requirements of a RBI approved Loan Apps In India you should be meeting the following criteria:

• According to the RBI, you should be an Indian citizen.
• Your age should be a minimum of 21 years and a maximum of 55 years.
• You should not already have a loan from any other Non Banking Financial Companies.
• You should have some source of income.
• Aadhaar or bank-linked mobile number.
• Selfie if required in some cases.
• PAN Card.
• A good CIBIL Score.

If you fulfil these eligibility requirements then your are good to go.

The Reserve Bank of India has issued Certificates of Registration under Section 45IA of the RBI Act, 1934 to an all-India list of NBFCs (Non-Banking Financial Companies), including RNBCs (Residuary Non-Banking Companies), allowing them to hold/accept public deposits.

You Can Check: RBI Approved Loan App List PDF

How to verify that a loan app is RBI approved?

Here are some steps you can take to verify if a loan app is approved by the Reserve Bank of India (RBI):

• Check the RBI website: The RBI maintains a list of approved banks and non-banking financial companies (NBFCs) on its website: Check Here. You can search the name of the loan app or company on this list to see if it is approved by the RBI or not.
• Check RBI registration number: Legitimate loan apps and NBFCs will display their RBI registration number prominently on their website. You can cross-check this registration number on the RBI list of approved entities.
• Verify the company Reputation: Reputable loan apps and NBFCs will provide detailed information about their company including – registration details, address, and contact information. You can cross-verify these details with the RBI records or other reliable sources.
• Check RBI’s caution list: The RBI also maintains a list of unregulated entities, including loan apps and companies that are not approved by the central bank. You can check if the loan app you’re considering is listed on the RBI’s caution list.
• Looking for RBI disclaimer: Many legitimate loan apps and NBFCs display a disclaimer stating that they are regulated or approved by the RBI. However, it’s essential to verify this claim by checking the RBI lists or contacting the central bank directly.
• Contact the RBI: If you’re still unsure about the legitimacy of a loan app, you can directly contact the RBI Consumer Education and Protection Cell (CEP Cell) in all its Regional Offices for clarification.

Note: It is important to note that dealing with unregulated or unauthorised loan apps can be risky, as they may engage in unethical or illegal practices, such as charging high interest rates or resorting to harassment for loan recovery. Always exercise caution and verify the credibility of a loan app before sharing your personal or financial information.

Conclusion

Numerous more loan apps in India provide rapid personal loans; over the past several years, as consumer awareness, acceptance, and usage of loan applications have expanded, the industry has boomed and attracted a number of new entrepreneurs.

The quick rise and popularity of many fast loan applications have made formal credit more accessible to millions of Indians, a win worth celebrating!

Suggested Read:

• What are Loan Resource Apps: Benefits and Comparison & How to Apply
• Top Instant Personal Loan Apps in India 2026

FAQs

Q: Is PaySense RBI registered?

A: PaySense itself is not directly registered with RBI. However, it has partnered with leading Indian banks and finance companies like PayU Finance, IDFC First Bank, Kisetsu Saison Finance, and SMFG India Credit Company (formerly Fullerton India), which are registered with RBI, to offer lending services.

Q: RBI Approved Loan Apps Without CIBIL Score?

RBI approved the following loan apps without CIBIL Score in India: EarlySalary, FlexSalary, Nira, SmartCoin, Freo Money, and PaySense are among the RBI approved loan apps that do not necessarily require a CIBIL score for approval.

Q: Is the Money Fine loan app RBI registered?

A: No, the Money Fine loan app is not RBI registered or approved. There is no data available on any platform that suggests it is a legitimate and authorized lending app.

Q: Through which app can I get loan easily?

A: Some apps that give quick loans in India are PaySense, India lends, Zest Money, Dhani, LazyPay, CASHe, mPockket and money view. Or you can use Slice as an alternative, Slice borrow charges are usually nil if you repay within month.

Q: Is Fibe app RBI registered?

A: Yes, Fibe app is registered with RBI as a NBFC. Fibe Formerly EarlySalary, was one of the RBI registered Fintech known for disbursing personal loans.

Q: Is Loantap registered with RBI?

A: Yes, Loantap is registered with RBI. They have an in house RBI registered NBFC.

Q: Is Kreditmango Personal Loan app available on google play store?

A: No, Kreditmango Personal Loan app isn’t available on google play store. Although you can download the apk file from various third party app stores on internet.

Q: Is SmartCoin RBI registered?

A: Not directly affiliated by RBI but SmartCoin has Partnered with RBI registered NBFCs.

Q: Is the Pocketly app RBI-approved?

Yes, The Pocketly app which provides loan services, is also approved by RBI guidelines. These comply with the guidelines established by the Reserve Bank of India for its operations.

Q: What is a Fake Loan App List?

Fake loan apps are those that claim to offer loans but are in fact scams. They are primarily targeting needy people who urgently require money and offering them cash that they will never receive.

Q: Is CASHe an RBI-approved company?

CASHe is not a direct RBI-approved company. Instead, it is run by Bhanix Finance and Investment Ltd., an RBI-registered NBFC. CASHe operates within the regulatory framework provided by Bhanix Finance, ensuring compliance with RBI guidelines. 

Q: What are the Other RBI Approved Loan Apps in India?

S. No.	RBI Registered Loan Apps in India	Loan Amount Limit	Interest Rate
1	Kreditbee Instant Loan App	Loan up to 5 Lakh	Starting 16% p.a.
2	Kreditzy Instant Loan App	Loan up to 1 Lakh	Starting 8% p.a.
3	Lazypay (Credit Line + Personal Loan)	Loan up to 1 Lakh	Starting 18% p.a.
4	Freopay	Loan up to ₹10000	0% for 30 Days
5	Stashfin	Loan up to 5 Lakh	Starting 11.99 p.a.
6	Branch Loan App	Loan up to 1 Lakh	Starting 2% per month
7	Olyv (Formerly SmartCoin)	Loan up to 5 Lakhs	Starting 1.5% per month
8	Rupeek App (Gold Loan)	Loan up to 50 Lakhs	Starting 9.7 p.a.
9	Zest Money (Consumer Loan)	Loan up to 5 Lakh	Starting 14% p.a.
10	imobile Pay Later	Loan up to 50 Lakh	Starting 10.49% p.a
11	SBI YONO APP	Loan up to 30 Lakh	Starting 10.49% p.a
12	IDFC Firstmoney	Loan up to 10 Lakh	Starting 10.99 % p.a.
13	Rufilo Loan App	Loan up to 36000	Starting 18 % p.a.
14	IBL FINANCE App	Loan up to 50000	Starting 15% p.a
15	KreditOne	Loan up to 2 Lakh	Starting 16% p.a
16	FlexSalary Instant Loan App	Loan up to 3 Lakh	Starting 18% p.a
17	DigiMoney Finance	Loan up to 1 Lakh	Starting 12% p.a
18	Indialends	Loan up to 5 Lakh	Starting 10.25% p.a.
19	Kissht: Instant Line of Credit	Loan up to 2 Lakh	Starting 18% p.a
20	IndusMobile: Digital Banking	Loan up to 2 Lakh	Starting 10.49% p.a.
21	InstaMoney Personal Loan	Loan up to ₹50,000	Starting from 24% p.a.
22	Fullerton India Credit Company Limited	Loan up to 25 Lakh	Starting 11.99% p.a.
23	LoanFront	Loan up to 2 Lakh	maximum 36% p.a.
24	Pocketly	Loan up to ₹50,000	1% to 3% per month
25	PayRupik– Online Loan App	Loan up to ₹25,000	18-22%
26	Money Tap	Loan up to 5 Lakh	Starting 13% p.a
27	Lendingplate	Loan up to 2 Lakh	Starting 12% p.a
28	Zype	Loan up to 5 Lakh	Starting 18% p.a
29	Buddy Loan	Loan up to 15 Lakh	Starting 11.99% p.a
30	LoanTap	Loan up to 10 Lakh	Starting 10.80% p.a.
31	Capital Now	Loan up to 50,000	Starting 24% p.a.
32	Payme	Loan up to 5 Lakh	Starting 1.5% p.m.
33	Credit++	Loan up to ₹35,000	Starting 0.3% p.m.
34	Planet by L&T	Loan up to 7 Lakh	Starting 12% p.a.
35	Piramal Finance	Loan up to 5 Lakh	Starting 12.99% p.a.
36	FlexPay	Loan up to 3 Lakh	Starting 18% p.a.
37	MyLoanCare	Loan up to 1 Lakh	Starting 16.50% p.a.
38	Axio (CapitalFloat)	Loan up to 50 Lakh	Starting 18% p.a.
39	FlexiSalary Instant Loan App	Loan up to ₹3 Lakh	Starting 18% p.a.
40	Lendingkart	₹50,000 Onwards	Starting 1% to 2% p.m.
41	Flipkart Finance	Loan up to 10 Lakh	Starting 10.49% p.a.
42	Rupee Redee	Loan up to ₹149,000	Starting 30% p.a.
43	Slice	Loan up to 5 Lakh	1.25% p.m. Onwards

Q: Is swift loan app real?

A: There are many hearsay about whether Swift loan app legit or not. But based on publicly available information it seems legit. Although there are user experiences that say otherwise.

Is LendingPlate RBI approved or not?

A: Yes, LendingPlate is RBI approved. LendingPlate is a brand name of Unifinz Capital India Limited (UCIL), which is a NBFC registered with the RBI. 

Q: Is PayRupik RBI approved or not?

A: Yes, PayRupik is an RBI-approved personal loan app, which is operated by Sayyam Investments Private Limited.

Q: Is Freo Pay RBI Approved in India?

A: Freo Pay is a digital banking platform that is RBI- approved and is owned and operated by MWYN Tech Private Limited, a company incorporated under the Companies Act, 2013.

Q: Is cc credit loan app, RBI registered or not?

A: No, CC Credit Loan app is not registered with the Reserve Bank of India (RBI).

Q: How many apps are approved by RBI for loans in India?

A: The RBI currently does not maintain a list of approved loan apps. However, the regulator had estimated that there were around 1,100 lending apps in India out of which, around 600 were illegal as of February 2021. To know the latest fake loan apps click here.

Download List of RBI Approved Loan Apps in India