RBI Approved Loan Apps in India 2024: यहां हैं सबसे बेस्ट लाखों का लोन देने वाली संस्थाएं, 100% सुरक्षित और सेफ, Urgent पैसा तुरंत

RBI Approved Loan Apps in India: You must have seen personal loan ads on YouTube and other social media platforms of multiple financial companies. Most of the NBFC loan companies are registered with RBI and provide financial facilities including personal loans according to the rules of RBI. Since these are new companies companies are providing additional facilities to their customers by providing personal loans with minimum Personal Loan eligibility criteria for the promotion of their mobile applications and Company.

You can also take benefit of these schemes from personal loan mobile apps by applying for an instant personal loan. However, you are highly recommended to read all the terms and conditions of RBI Approved Loan Apps in India and hidden charges of these loan mobile applications to prevent yourself from any type of fraud or extra charges. 

RBI Approved Loan Apps in India 2024

A personal loan is a very attractive feature of banks and financial companies where applicants usually apply for emergency loans in any emergency case. However, due to not fulfilling the bank’s requirements, most of the applicants do not get loan approval easily. However, there are many financial companies which are known as Non-Banking Financial Companies- NBFC that provide personal loans to their customers through online mode by using their website or mobile application.

These companies are registered with RBI so you will not be cheated if you apply to RBI authorized financial company for a personal loan. We are providing RBI Approved Loan Apps in India in this article where you can apply according to your suitability. Check the NBFC personal loan eligibility criteria, application procedure, interest rates, GST and processing fees, etc.. below.

Key features of personal loan apps 2024

  • Online Application.
  • Minimum documentation.
  • Fast approval and disbursement.
  • Higher loan amount and longer loan tenure.
  • Affordable interest rates & fees.
  • Easy payment.

Benefits of using RBI approved loan apps

  • RBI approved loan apps are regulated by the Reserve Bank of India, which means that they are safe and trustworthy.
  • RBI approved loan apps have a transparent and fair loan process.
  • RBI approved loan apps offer competitive interest rates and flexible reimbursement schedules.

Eligibility Criteria for RBI Registered Loan Apps 2024

  • Applicant should be a citizen of India.
  • The minimum age of the applicant must be 21 years and the maximum age must be 60 years.
  • There must be a source of revenue.
  • Your CIBIL score must be good.
  • You must have a savings account as well as internet banking.
  • Your Aadhaar should be linked to your mobile number.

NOTE: You should also know whether the app from which you want to take a loan serves your city or not. If you have the qualifications given above, then you can get a loan from any loan application very easy.

RBI Approved Loan Apps in India App List 2024

The amount of the loan will vary according to the different mobile applications that are providing personal loans to their customers. However, you may get a personal loan ranging between Rs 1000 to 10 lakh. However, it should be remembered that if anyone is applying for the first time in these mobile applications for a personal loan then he will get a minimum loan amount. Once you submit the loan amount timely, then the company will increase the range of the loan for your candidature for next time.

However, the income source of the applicant is also a major criterion while providing a personal loan. One of the Other factors that impact on personal loan amount is the CIBIL score of the applicant. If you have more than a 750 credit score, then the company will easily provide you the maximum loan amount according to your need. otherwise, you may get a low loan amount.

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NBFC loan applications Interest rates in 2024

One of the major drawbacks of NBFC loan mobile applications is the high-interest rate. These financial companies charge maximum interest rates from their customers which range between 20% to 36%. While banks are providing personal loans to their customers with minimum interest rates of 10 to 12% according to loan criteria. However, the interest rates are very high in small Bank financial companies but the approval rate is also very high so anyone can get a personal loan from these companies.

So if you need an instant loan and are not eligible to get a loan from your bank then you can check multiple loan companies for application. However, the maximum interest rate is charged to those applicants whose CIBIL score is very low i.e. less than 550. If you are not able to repay the loan amount timely then the company will also charge other penalties and charges. Apart from penalties and additional charges, at the time of getting a personal loan, the bank will also deduct processing fees and GST from the loan amount.

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List of documents for personal loan 2024

Photo Identity :-

  • Passport
  • PAN card
  • Voter ID
  • Aadhaar Card
  • Driving License

Address Proof :-

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

Income Proof :-

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

Tax Paid :-

  • IT Returns (for 2 years)
  • Form 16

Residence Ownership Proof (Any One) :-

  • Property Documents
  • Maintenance Bill
  • Electricity Bill

Proof of Job Continuity :-

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

How to apply for NBFC Personal Loan 2024? 

You can check the list of the companies that are providing personal loans to their customers from the mobile application in the next section of this article after that you have to follow the following procedure to apply online :-

  • Download the NBFC mobile application on your smartphone from the Play Store only.
  • Downloading financial mobile applications from illegal sources may engage you with fraud.
  • After that complete the KYC by providing mobile application and personal details including Aadhar Card and PAN card information, where you will get OTP for verification.
  • Now you can select the loan amount that you want to get from the bank and after that click on the submit link after reading the terms and conditions.
  • The bank will provide you with EMI conditions so you can change them accordingly at the time of applying and after that click on the final submission.

Now your application will submitted and you will get a personal loan within a few minutes in your mobile application after getting verified from the company. 

RBI Approved Loan App List 2024

S.No.RBI Registered Loan App List Credit Limit
1Kreditbee Instant Loan AppLoan up to 2 Lakh
2Kreditzy Instant Loan AppLoan up to 2 Lakh
3PaysenseLoan up to 5 Lakhs
4NAVILoan up to 5 Lakhs
5Lazypay(Credit Line + Personal Loan)Loan up to 1 Lakhs
6FreopayLoan up to ₹10000
7StashfinLoan up to 5 Lakh
8Cashbean– Online Loan AppLoan up to 1 Lakhs
9MI CreditAbove 5 Lakhs
10Dhani Loan AppLoan up to 5 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
29Tata CapitalAbove 10 Lakhs
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
38SBI YONO APP₹1500 to ₹60000
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

Why is it important to use only RBI approved loan apps in India 2024?

Surveys highlight that most people and small businesses have fallen victim to the burgeoning number of illicit mobile apps and digital lending platforms that offer cheap and quick loans.

These reports also cover exorbitant interest rates, added costs that borrowers are aware of, unethical and coercive credit policies, and the illegitimate use of contracts to access data on borrowers’ mobile phones.

As per RBI, financial institutions regulated by state governments in compliance with laws, such as the money lending acts, are permitted to conduct authorized public lending activities, along with banks, NBFCs registered with the RBI, and other organizations.

In accord with Section 45 IA of the RBI Act 1934, the Reserve Bank has granted NBFCs a registration certificate, enabling them to retain and accept public deposits.


Ensuring the trustworthiness of personal loan apps is vital for responsible borrowing. Among the loan apps approved by the Reserve Bank of India (RBI), Loan Tap stands out as a trusted alternative for personal loans. By adhering to the RBI’s guidelines and maintaining a commitment to secure and fair financial practices, Loan Tap demonstrates credibility in the digital lending landscape.

Selecting RBI-approved apps like Loan Tap can provide borrowers with the confidence and assurance needed for a safe and transparent borrowing experience.

FAQ’s : RBI Approved Loan Apps in India 2024

Which loan apps are approved by RBI without wage slip ?

Tala loan, Home Credit and CASHe are the RBI approved loan applications that credits loan amount without salary slip.

Are online loan applications safe ?

Instant loan apps associated with RBI-authorized NBFCs or financial institutions are secure for an online loan.

Which loan apps are banned in India ?

RupeeGo, Punch Money, Grand Loan, DreamLoan, CashMO, Rupee MO, CreditLoan, Lendkar, Lend Now, Cashful, Cash Ray app, Mobipocket app, Infinity Cash app, Kredit Mango app, and so many more loan apps are banned by RBI in India.

How to verify if a loan app is approved by RBI or not ?

You can verify whether a loan app is RBI approved or not by checking its website or app store listing. You can also check the list of NBCFs registered with the RBI on its website. You can also report any doubtful or unauthorized loan app to the concerned law enforcement agencies or use the Sachet portal to file an online complaint.