I warn you there are many fake apps available on the market so when you going to take a loan, first check whether the app is RBI-approved or not, you will find the most reasonable RBI-approved loan apps in India 2024.
There are many loan apps available on the market but some of them are actually registered by rbi, RBI Approved loan apps are best for loans, they are released by the Reserve Bank of India and collaborate with lending companies.
When people need money urgently, they think about taking a loan, whether for marriage, study, or medical expenses, but you should always consider it carefully, that’s why before taking a loan on any loan app in India, it’s very important to check that app is RBI approved or not.
RBI Approved loan apps in India
There are several trusted apps approved by RBI (Reserve Bank of India), here are some popular apps such as Bajaj Finserv, Money View, CASHe, Paytm, Zest Money, Dhani, Paysense, Kreditbee and many other Instant Loan Apps.
Top 10 Best RBI Approved Loan Apps In India:
- Money View
- Paysense
- Money Tap
- Bajaj Finserv
- Navi
- NIRA
- Kreditbee
- CASHe
- Zest Money
- Paytm
All the above apps are RBI approved, you can apply for personal/business loans for those apps safely.
If you are looking loan app that gives you instant loans without any salary slip or bank statement.
RBI Registered loan app list
There are very few RBI Registered Loan apps available in India, among them Bajaj Finserv, Money View, CASHe, Paytm, Zest Money, Dhani, Paysense, Kreditbee and a few selected apps which are RBI Approved loan apps.
Below you will find some popular RBI Registered loan app lists, where you can get an Instant loan without any trouble.
1. Money View
Money View is one of the most popular and trusted instant personal loan apps in India, and this app is RBI Approved.
Money View Overall Disbursed 12,000 Cr+ Loan till now, and already 1Cr+ people download this app from Play Store.
| App Name | Money View |
| Personal Loan Amount | 5000 upto 5 lakhs |
| 5000 up to 5 lakhs | Starting from 1.33% per month |
| Processing Charges | Starts at 2% |
| Loan Tenure | 6 to 18 months |
| Documents Required | Aadhaar card/PAN card Bank Account Details Photocopy |
| Google Play Store rating | 4.7 star |
| Downloader | 10M+ Downloads |
In this App you will get a Loan within 24 Hours, just upload your Aadhaar card/PAN card and enter your Bank Account Details, Within 24 hours your Loan amount will be deposited directly into your Bank Account.
There are also auto-debit options available on the Money View App, You have to keep a sufficient balance on your bank account Money View automatically debits your loan amount per month.
2. Paysense
Paysense is one of the fastest RBI Registered loan apps, where you can apply for a personal loan within 5 minutes.
Paysense successfully distributed a 2000+ Crore loan amount to 2,56,664+ happy customers till now.
| App Name | Paysense |
| Personal Loan Amount | ₹5000 to ₹5 lakh |
| Interest Rate | 1.4% to 2.3% per month |
| Processing Charges | 3% + GST |
| Loan Tenure | 3 months to 60 months |
| Documents Required | Upload pictures of your KYC documents |
| Google Play Store rating | 3.5 star |
| Downloader | 10M+ Downloads |
You can also take loans from Zero Credit Score and Zero Credit History In Paysense, Purely Paperless Documentation just upload pictures of your KYC documents and get your personal loan.
In Paysense you have to see flexible EMI and long tenure options, you can take loans from ₹5000 to ₹5,00,000 for 3 to 60 months and the normal processing fee is 3% of the loan amount.
3. MoneyTap
Need a quick and easy loan, then MoneyTap is best for you, This app comes with an amazing feature called ” No usage, No Interest “
MoneyTap successfully distributed a 252K loan amount to 1.1M people science lats 5 Years of service and become a popular RBI Approved loan app in India nowadays.
| App Name | MoneyTap |
| Personal Loan Amount | ₹ 3,000 To ₹ 5,00,000 |
| Interest Rate | 1.08% per month / 13% per annum |
| Processing Charges | Don’t Know |
| Loan Tenure | 2 to 36 months |
| Documents Required | Pan Card Number Professional Selfie Address Proof ID Proof |
| Google Play Store rating | 4.0 star |
| Downloader | 10M+ Downloads |
In this loan app, you can take marriage loans, travel loans, medical loans, education loans, car loans and bike loans as well as many other loans very quickly.
In MoneyTap you can avail of your Loans from ₹ 3,000 for ₹ 5,00,000 in 2 to 36 months Loan Tenure, the application process is 100% paperless process which takes only 4 minutes.
Now let’s know about our next RBI Registered loan app which name is ZestMoney.
4. ZestMoney
ZestMoney is a combination of personal loan and pay later service, If you like to shop online then this app gives you up to 1lkhs pay later amount like Flipkart Pay later.
ZestMoney also provides loans and “No Cost EMI” on online Shopping Apps like Amazon, Flipkart, and Ajio and also includes customer durables, electronics, and travel bookings.
| App Name | ZestMoney |
| Personal Loan Amount | Up to 5 lakh |
| Interest Rate | Starting at 14% |
| Processing Charges | 3% |
| Loan Tenure | 3 to 36 Months |
| Documents Required | No Document Verification |
| Google Play Store rating | 4.0 stars, 212k reviews |
| Downloader | 10M+ Downloads |
If you are a student you don’t do any job and your civil score is also not high, then you can easily take a personal loan up to 5 lakhs from ZestMoney without any document verification.
Inside ZestMoney you will get 3-36 months of loan tenure time and Interest rates starting at 14% in this ZestMoney personal loan app.
ZestMoney provides service in more than 1000+ cities in India, and your loan will be approved within 24 hours.
5. Bajaj Finserv
One of the best RBI Approved loan apps in India is Bajaj Finserv, Bajaj Finserv is very well known in India because of its service, you can buy any online offline product in EMI in Bajaj Finserv, and if your Cibil Score is above 750 then you will get a Credit Limit of 50,000 in the first day.
| App Name | Bajaj Finserv |
| Personal Loan Amount | 1 lakh to 40 lakh |
| Interest Rate | 11 % to 39% |
| Processing Charges | Upto 3.93% |
| Loan Tenure | 6 Months to 84 Months |
| Documents Required | Pan Card Number Professional Selfie Address Proof ID Proof |
| Google Play Store rating | 4.6★ Ratings and 819k reviews |
| Downloader | 10M+ Downloads |
Everyone uses a Bajaj Finserv card, and in this App, you will get a maximum loan, which means you can take loans from 1 lakh to 40 lakh in Bajaj Finserv.
Along with more loan amounts, you are also getting more Loan Tenure days, you will get loan recovery time from 6 months to 84 months in this App.
6. Home Credit
If are you looking for an RBI Registered loan app that gives you a loan without any salary slip then Home Credit is best for you.
| App Name | Home Credit |
| Personal Loan Amount | Rs. 10,000 to Rs. 5,00,000 |
| Interest Rate | Monthly interest starts at 1.83% |
| Processing Charges | 2.5% to 5% |
| Loan Tenure | 3 to 51 months |
| Documents Required | Identity proof/address proof Mobile number( linked with PAN ) |
| Google Play Store rating | 4.4 Star & 466k Reviews |
| Downloader | 10M+ Downloads |
You can apply for the loan in 3 easy steps, and your loan will be approved within 24 hours, you just have to give your mobile number and check eligibility for the loan, and then you can get instant up to ₹ 5 Lakh.
In-Home Credit instant loan App, you will get a loan of up to 5 lakhs for Travel, Medical and business, which you have to repay within 5 months to 51 months.
7. Navi
Now time to check about our next RBI Approved loan app in India named Navi, After Bajaj Finserv Loan App Navi is one of the best apps for high loan amounts and long Loan Tenure time.
In NAVI you can also invest money in a Mutual Fund along with a personal Loan.
Till now NAVI Loan App has sold 105K+ Health Insurance Policies and 825 K+ Customers already invested in Mutual Funds on NAVI Loan & Mutual Funds App.
| App Name | Navi |
| Personal Loan Amount | up to Rs.20 lakh |
| Interest Rate | Interest rates starting at 9.9% p.a |
| Processing Charges | 1.5% – 5.0% |
| Loan Tenure | 1 Month to 72 Months |
| Documents Required | Aadhar Card, PAN Card |
| Google Play Store rating | 4.0 star 397k reviews |
| Downloader | 10M+ Downloads |
All of you must have seen MS Dhoni in Navi Ads and have seen many times about Navi Personal Loan in TV Ads, today we will know about the same Navi Personal Loan App.
In Navi loan App you can avail of Home Loans up to ₹ 5 crore at interest rates of 8.55% p.a, And if you want to buy health insurance, in NAVI you can also claim ₹1 Crore health cover which starts at only ₹235 monthly.
8. NIRA
If you want an Instant Loan then NIRA Instants Loan App is perfect for you, in this loan app you will get Instant Personal Loans up to 1lkhs and NIRA App is a Fully RBI Registered loan app.
You can apply for instant personal loan in just 3 easy steps,
- Open NIRA instant loan app
- Upload docs to complete the process
- Setup auto-debit and avail credit
Congratulation! Your Loan is Approved!
| App Name | NIRA |
| Personal Loan Amount | Up to 1 lakh |
| Interest Rate | 1.50% to 3% per month |
| Processing Charges | 1.67% to 2.25% per month |
| Loan Tenure | 3 to 12 months |
| Documents Required | Aadhaar card PAN Card |
| Google Play Store rating | 4.3 star |
| Downloader | 5M+ Downloads |
You can apply for a personal loan within just 3 minutes and your loan will be approved within 24 hours, if your CIBIL Score is above 681 then you can easily take a loan up to 1Lakh.
In the NIRA loan app you get the option of auto-debit like the Money View Loan app, which means you do not need to pay EMI by yourself every month, you just have to keep a Sufficient Balance in your account and your EMI will be auto-debited.
9. CASHe
CASHe Personal loan app is another one best RBI Approved loan apps in India, in this app, you can apply for personal loan between ₹1,000 to ₹4,00,000 within 3 minutes.
CASHe already distributed Rs.7200Cr loan to 2.5M happy customers, Due to good service, people apply for loans again in this app, and according to CASHe Record, 75% of people apply for loans, and this app has 144K active users per month and this app is very popular in India.
| App Name | CASHe |
| Personal Loan Amount | ₹1,000 to ₹4,00,000 |
| Interest Rate | 2.50% interest rate per month |
| Processing Charges | Rs. 85 for 0 to 5999 Loan Amount Rs. 500 for 6000 to 33333 Loan amount 1.50% for 33334 to 99999 Loan amount |
| Loan Tenure | 2 to 18 months |
| Documents Required | Pan card Aadhar card |
| Google Play Store rating | 4.0★ star |
| Downloader | 30M+ Downloads |
You can apply for loan in just 5 steps, in CASHe App you will get to see 3 types of loan plans, if you are a salary holder then you can see the plan given below.
CASHe90:
Tenure: 3 months
Min. Salary Eligibility: ₹12,000
Minimum loan: ₹1,000
Maximum loan: ₹1,10,000
CASHe270:
Tenure: 9 months
Min. Salary Eligibility: ₹25,000
Minimum loan: ₹50,000
Maximum loan: ₹2,58,000
CASHe540:
Tenure: 18 months
Min. Salary Eligibility: ₹50,000
Minimum loan: ₹1,25,000
Maximum loan: ₹4,00,000
10. Kreditbee
Kreditbee is one of the fastest personal loan apps in India, If you looking instant personal loan then this app is one of the best RBI Registered loan apps.
Kreditbee already distributed ₹30,000 Crore loans to 70 Lakhs people till now, and overall 5 Crore Indians download the Kreditbee app and register on it.
| App Name | Kreditbee |
| Personal Loan Amount | ₹10,000 to ₹4,00,000. |
| Interest Rate | Up to 29.95% p.a |
| Processing Charges | 1. Rs 85 to Rs 1,250 Personal Loan for Salaried (for loan amount from Rs 10,000 to Rs 2 lakh): 2. Rs 500 to up to 6% of loan amount Online 3. Purchase Loan/E-Voucher Loan: Up to 5% of the loan amount |
| Loan Tenure | 3 to 24 months |
| Documents Required | Voter ID Card, Aadhaar Card, Passport · PAN Card · Salary slips · Bank statement |
| Google Play Store rating | 4.5★ Star |
| Downloader | 50M+ Downloads |
In Kreditbee, you get Lower Interest Rates as compared to other RBI Registered loan apps, you can apply for loans up to ₹ 10,000 to ₹ 4,00,000 for 3 to 24 months.
In this, you can apply for two types of loans, one is Personal Loan for Self-Employed and the other
For Personal Loan for Salaried person, below you will get to know about these two.
Personal Loan for Self-Employed:
- Loan Amount – ₹40,000 to ₹1,50,000
- Loan Tenure – 3 to 12 months
Personal Loan for Salaried Person:
- Loan Amount – ₹10,000 to ₹4,00,000.
- Loan Tenure -3 to 24 months
If you are going to apply for loan first time on Kreditbee instant loan app then you will get up to 50% off on the processing fee.
FAQ On Reserve Bank of India Approved loan apps in India
Every day people search many queries for loan apps on Google, so we collect some popular questions and try to give the best answer to them below, must read them before taking a loan from any loan app.
How to know app is rbi approved or not
Open that loan app or its’ official website then go to their “About Us” Page and read all partner police details, if those loan app partner with RBI or any authorized bank then this app is rbi approved other wise they don’t approve by rbi.
Which loan app was approved by RBI?
MoneyTap, Paytm, Bajaj Finserv, CASHe app, Navi, EarlySalary, Dhani, FlexiLoans, Money View Loans, Indialends, Lendingkart, India lends and many more apps are approved by the Reserve Bank of India (RBI).
Conclusion
Today, if you search for Loan apps on Play Store, you will get to see a list of 500+ Loan Apps and many of them are Fake Loan Apps, which collect your information and sell it to big companies or from your documents he takes loan himself.
That’s why I always recommend that before taking a loan, you must check whether you are RBI approved or not and whether your personal information is safe in this App or not.
In this post, I give you the latest and correct information about some of India’s popular RBI Approved loan apps and RBI Registered loan apps, if you want to take a personal loan for yourself, then collect all the latest information about all these apps from their official website, then apply for personal loan.
Disclaimer: This website is made for educational purposes, on our Website ( Factslover.In ) we don’t provide any types of loan here, we just provide your loan-related information such as How to get an instant loan, RBI Approved loan apps, Instant Loan Apps, etc