RBI Approved Loan Apps in India: Streamlining Borrowing

It can be challenging to locate a genuine lending app that has been approved by a regulatory body during times when the market is flooded with fraudulent lending apps. You’ve found the best place if you’re looking for RBI Approved Loan Apps in India. The genuine lending apps that have received RBI approval are listed in this post.

List of RBI Approved Loan Apps in India

List of RBI Registered Loan Apps in India Credit Limit
Kreditbee Instant Loan AppLoan up to 2 Lakh
Kreditzy Instant Loan AppLoan up to 2 Lakh
PaysenseLoan up to 5 Lakhs
NAVILoan up to 5 Lakhs
Lazypay(Credit Line + Personal Loan)Loan up to 1 Lakh
FreopayLoan up to ₹10000
StashfinLoan up to 5 Lakh
Cashbean– Online Loan AppLoan up to 1 Lakh
MI CreditAbove 5 Lakhs
Dhani Loan AppLoan up to 5 Lakh
Avail FinanceLoan up to ₹50000
NIRA Instant Loan AppLoan up to 2 Lakh
Branch Loan AppLoan up to ₹50,000
Smart Coin Loan AppLoan up to 2 Lakhs
Rupeek App (Gold Loan)Loan up to 50 Lakhs
Simple Pay LaterLoan up to 1 Lakh
Mobikwik (Credit Line + Consumer Loan)Loan up to 2 Lakh
Paytm Personal LoanLoan up to 2 Lakh
Krazybee (Consumer Loan)Loan up to 2 Lakh
Bharatpe (Business Loan)Loan up to 5 Lakh
Paytm Postpaid (Credit Line)Loan up to 1 Lakh
True CallerLoan up to 5 Lakh
Simply Cash Loan AppLoan up to 2 Lakh
SliceLoan up to 1 Lakh
True BalanceLoan up to ₹50,000
Zest Money (Consumer Loan)Above 2 Lakh
Amazon Pay LaterLoan up to ₹60,000
Flipkart Pay LaterLoan up to ₹60,000
Tata CapitalAbove 10 Lakhs
Tata Neu Credit card (Qik EMI Card)₹10000 to ₹150000
Tata Neu App (Qik Personal Loan)₹10000 to ₹10,00,000
Ola Money Pay Later₹1500 to ₹20000
Khatabook Instant Loan App₹50,000 to ₹0,00,000
Jupiter credit limitLoan up to ₹50,000
OneCard Loan App₹10000 to ₹150,000
Paisabazaar credit limit₹50,000 to ₹10,00,000
imobile Pay LaterLoan up to ₹ 20,000
SBI YONO APP₹1500 to ₹60000
India IDFC First Bank Pay later₹1500 to ₹ 60000
Bajaj Finserv App₹ 50,000 to ₹ 5,00,000
Rufilo Loan App₹5000 to ₹25,000
IBL FINANCE App₹5000 to ₹25,000
Early Salary Instant Loan App₹ 8,000 to ₹ 500,000
Money View₹10,000 to ₹ 5,00,000
CASHe₹1,000 to ₹ 3,00,000
mPokket₹500 to ₹30,000
Stashfin – Credit Line & Loan₹1,000 to ₹5,00,000
MoneyTap₹1,000 to₹60,000
FairMoney Loan AppLoan up to 2 Lakh
KreditOne₹5000 to ₹25,000
FlexSalary Instant Loan App₹5000 to ₹25,000
DigiMoney– Online Loan App₹5000 to ₹25,000
IndialendsLoan up to ₹5,00,000
Mystro Loans & Neo Banking appLoan up to ₹50,000
Kissht: Instant Line of Credit₹10,000 to ₹ 1,00,000
IndusMobile: Digital Banking₹5000 to 200,000
Prefr: Get an instant loan₹10,000 to ₹3,00,000
InstaMoney Personal Loan₹5,000 to ₹25,000
Swift Loan– Online Loan AppLoan up to ₹50,000
RapidPaisa₹ 1,000 – ‎₹ 10,000
CreditScore, CreditCard, LoansLoan up to ₹ 5 Lakh
Bajaj MARKETS: Loan, Card, UPILoan up to ₹25 Lakhs
Fullerton India Credit Company LimitedLoan up to ₹25 lakhs
LoanFront₹2000 to ₹2 lakhs
PocketlyLoan up to ₹10,000
Bueno LoansLoan up to ₹25000
PayRupik– Online Loan AppLoan up to ₹20,000
Loaney₹200 to ₹20,000
RupeePark₹5,000 to ₹500,000
Cash Planet – Online Loan App₹5,000 to ₹500,000
CreditScore – PaisaBazaar₹ 1000 to ₹ 50,000
Money Tap₹ 3000 to ₹ 5 lakh

Why it is important to use only RBI Approved Loan Apps in India

According to surveys, the majority of individuals and small enterprises have been duped by the increasing quantity of illegal mobile applications and online lending platforms that promise quick and inexpensive loans. These reports also address excessive interest rates, hidden fees that borrowers are not aware of, credit policies that are unethical and coercive, and the unauthorized use of contracts to obtain information from borrowers’ mobile phones.

According to the RBI, banks, non-bank financial companies (NBFCs) that are registered with the RBI, and other organizations are permitted to conduct authorized public lending activities, as are financial institutions regulated by state governments by laws, such as the money lending acts. The Reserve Bank has issued NBFCs a registration certificate under Section 45 IA of the RBI Act 1934, allowing them to hold and accept public deposits.

List of Documents for Personal Loan

Income Proof

  • Salary Slips (Last 3 months)
  • Bank Statement for the last 3 to 6 months

Tax Paid

  • Form 16
  • IT Returns (for 2 years)

Residence Ownership Proof (Any One)

  • Electricity Bill
  • Maintenance Bill
  • Property Documents

Proof of Job Continuity

  • Experience Certificate
  • Current Employment Certificate
  • Appointment Letter from current job

Photo Identity

  • Voter ID
  • Passport
  • PAN Card
  • Aadhaar Card
  • Driving Licence

Address Proof

  • Passport
  • Ration Card
  • Aadhaar Card
  • Driving Licence
  • Utility Bill (electricity, water, telephone, gas) – less than 2 months old

Eligibility Requirements

  • You ought to be earning a living somehow.
  • You ought to be an Indian citizen, says the RBI.
  • You must be at least 21 years old and no older than 55.
  • There shouldn’t be any other non-banking financial companies that you have a loan from already.

Benefits of Using RBI Approved Loan Apps in India

RBI Approved Loan Apps in India guarantee that lenders offering personal loans abide by the rules and laws established by the bank. This helps stop fraudulent activities like money theft and unauthorized access to personal information and offers increased protection for the borrower’s financial and personal information.

In addition, an RBI-registered loan app must follow several guidelines, such as transparent pricing and equitable lending practices, which can help protect borrowers’ rights and ensure they receive a fair deal. Loan apps that have been approved by the RBI must abide by strict data security guidelines to safeguard users’ financial and personal information. Therefore, you ought to choose loans from apps that have been approved by the RBI.

Our Top Recommendations for RBI-Approved Loan Apps

CASHe: CASHe has proven itself to be the greatest RBI-approved loan app, and the user interface of the application supports this. One of the greatest apps for instant loans is this one; it’s simple to log in and has all the information you need right on the front dashboard to get a quick loan.

Major Highlights

  • 5,000 is the minimum loan amount.
  • Amount Maximum Loaned: ₹ 5,00,000
  • Interest Rate: 1.75 percent per month initially
  • Features include low-interest rates, a 24/7 service, privacy and security, and an online process.

NAVI: With an interest rate that starts at 9.99 percent per year for a maximum of six years, NAVI is an instant loan app that offers loans up to 20 lakhs. The good thing about this application is that it does away with paper applications because it uses PAN and Aadhaar numbers for loan applications. The loan will be approved, usually in less than ten minutes, and the applicant’s bank account will be credited immediately. The app also provides easy-to-use, reasonably priced, and accessible financial services and products. Undoubtedly, one of the best apps for personal loans is NAVI.

Major Highlights

  • Loan Amount Minimum: n/a
  • Interest rate per year: 9.99 percent initially
  • Maximum Amount of Loan: ₹20,00,000
  • Documents: PAN card and Aadhar card; Features: quick (10 min.), fully online; paperless; annual interest rate.

Dhani: First established as a pharmacy, Dhani has since grown to offer financing services as well. It is among the best personal loan applications that require no paperwork. Dhani is used by many out-of-town students who work part-time jobs to augment their income. Apply for a fast loan with affordable interest rates of up to ₹ 5,00,000. You will also receive 2% cashback for every transaction, which you can use to pay for services or redemptions at a later time.

Major Highlights

  • Rate of Interest: 1.7% to 3.17% monthly
  • Amount Maximum for Loan: ₹ 5,00,000
  • ₹ 1,000 is the minimum loan amount.
  • Paperwork: PAN card, proof of address (passport, voter ID, driver’s license, Aadhar card), bank account information
  • Features: 100% online, 24-hour customer support, instant personal loan up to ₹ 5,00,000, simple EMI, fantastic cashback, free Dhani RuPay card.

MoneyTap: To apply for a fast loan, just install the MoneyTap mobile app. How then does it operate? After registering, you must first finish the KYC verification and wait for final clearance. After that, depending on your credit score, you can get rapid credit up to a maximum amount of ₹5,00,000.

Major Highlights

  • Amount Maximum Loaned: ₹ 5,00,000
  • 3,000 is the minimum loan amount.
  • Interest rates range from 1.08 to 2.3% monthly
  • Documents: credit card statement, bank statements, rental agreement, self-portrait, PAN card, photo ID proof (driver’s license, voter ID, passport, or Aadhar card), address proof (gas, electricity, or postpaid mobile, phone, or broadband bill), and bank statements Completely paperless procedure; only interest is charged on the amount borrowed EMI terms that are flexible, ranging from 2 to 36 months Loan without collateral, approval in 4 minutes API and interface security

How to Apply for Personal Loans via Loan App

  • Use the Play Store or the App Store to Install the Loan app.
  • Click the “Apply Now” tab on the homepage to submit an instant personal loan application.
  • Choose the profile that best fits your job. Select whether you are employed by a company, self-employed, or on a salary.
  • After choosing your loan’s purpose—home, personal, wedding, etc.—click the next button.
  • Enter the address where you permanently reside and your email address.
  • Enter all other details, such as your monthly income, type of current residence, and any active loans you may have.
  • Upload the necessary files, including pay stubs, bank statements, and real estate ownership records.
  • Enter the date of birth and PAN card number.
  • If your loan is approved, the full amount will be sanctioned right away after all of the information you submitted is verified.


Q1. Which loan applications have RBI approval?

A. Numerous loan apps, such as Paytm, Bajaj Finserv, CASHe app, EarlySalary, Dhani, FlexiLoans, Money View Loans, Indialends, Lendingkart, India lends, and many more, have received approval from the RBI (Reserve Bank of India).

Q2. Which loan applications do not require pay slips to be approved by RBI?

A. CAS, Home Credit, and Tata LoanLoan applications approved by the RBI credit loan amounts without the need for pay stubs.

Q3. Has the RBI approved Dhani?

A. The Dhani app has received approval from the RBI, and it offers the Dhani OneFreedom RuPay card, which complies with RBI regulations to ensure safe and secure transactions.

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