Top 15 RBI Approved Loan Apps In India 2023

Hello friends, hope you are doing great. In the world of technology, where everything is available at the fingertip. Why not have an app that is there for your small need? Friends if you are looking for the top 15 RBI Approved Loan Apps in India for your small needs, then you are at the right place. In this article we will be providing you with the top 15 rbi approved loan apps in India.

Top 15 RBI Approved Loan Apps In India 2023

The given below list are all approved by RBI so you can trust this app:

  • Pay sense
  • CASHe
  • Mpockket 
  • Money View
  • India Lends
  • Pay me India
  • IDFC First 
  • Home Credit
  • Money Tap 
  • Dhani
  • Buddy Loan
  • Navi app
  • Lazypay 
  • Nira loan app
  • Kreditbee

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RBI Approved Loan Apps In India With Their Name And Credit Limit 2023

Name Of AppsTheir Credit Limit
Pay senseup to ₹5 Lakh
CASHeup to ₹2 Lakh
Mpockket up to Rs ₹30,000
Money View13,500 or More
India Lendsup to ₹2 Lakh.
Pay me IndiaMore than ₹2 Lakh
IDFC First up to ₹5 Lakh
Home Creditup to ₹75,000
Money Tapup to ₹5 Lakh
Dhaniup to ₹5 Lakh
Buddy Loanup to ₹15 Lakh
Navi appup to ₹20 Lakh
Lazypay up to ₹1 Lakh
Nira loan appup to ₹12,000
Kreditbeeup to ₹3 Lakh
RBI Approved Loan Apps In India With Their Name And Credit Limit 2023

Rating List RBI Approved Loan Apps In India

Apps NameInterest rateRating
Pay sense16% to 36% (APR)1.6
CASHe 2.25% per month 1.7
Mpockket 1% to 6% per month3.0
Money View1.33% Per Month3.7
India Lends10.75% to 25%3.5
Pay me India 18% to 42%4.4
IDFC First 6.25% to 7.5% 4.3
Home Credit 2% per month4.2
Money Tap13 – 24.03%5.0
Dhani13.99% onwards3.5
Buddy Loan low as 11.99% 4.0
Navi app starting at 9.9%4.2
Lazypay 18% to 28%4.2
Nira loan app1.67% to 2.25%5.0
Kreditbee 0% to 29.88% p.a4.8
Rating List RBI Approved Loan Apps In India

Important Document For Your Loan

Document Name-

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

Eligibility For Your Loan

Age 21-55
Nationality Mast has been an Indian
IncomeAnd credit score and credit history should also be fine.
Must have internet banking with a banking account
KYC DocumentAadhaar card PAN card must have and mobile linked to the Aadhaar card
Eligibility For Your Loan

Detail Information About RBI Approved Loan Apps In India

rbi approved loan apps in India

Pay sense– rbi approved loan apps in India

Pay sense has an app as well as a website where salaried professionals and self-employed people can apply for an instant personal loan. They offer a fast personal loan of up to 5 lakhs. It is one of the best instant loan apps in India that does not require salary slips. It is available in over 40 cities across India.

PaySense, in addition to being the best instant loan app without salary slips, provides a simple EMI calculator to calculate EMI. All you have to do after installing the cash loan app is check your eligibility and upload the required documents. They also offer other loans on their websites, such as vehicle loans and consumer loans.

CASHe– rbi approved loan apps in India

Raman Kumar founded the company in 2016. CASHe is another best instant loan app without salary slips and one of the easiest ways to make a loan. All you have to do is download the CASHe app to your phone and upload the required documents. The loan amount is credited to your account within minutes of approval. You can also direct deposit a portion of your loan amount into your Paytm account. CASHe’s USPs include intriguing features such as loyalty offers and loan insurance. To obtain a loan from CASHe, you do not need a CIBIL score or a credit history.

Mpockket– rbi approved loan apps in India

mPokket is one of the best instant loan apps in India, catering to both college students and salaried individuals. mPokket offers instant personal loans to college students and recent graduates and operates on the concept of pocket money, making it the best instant loan app in India that does not require salary slips. On this platform, the interest rate is 3.5%, and the initial amount approved is Rs. 500.

It is also the best instant loan app in India, as students can repay loans in as little as one to three months. Salaried employees can borrow up to Rs 30,000 in short-term loans. The students require only the most basic documentation. For paperwork, salaried employees only need to provide proof of employment and salary credits.

Users of this instant small loan app can begin by borrowing small amounts, and the borrowing limit will gradually increase based on their usage. mPokket is an RBI-registered non-banking finance company.

Money View– rbi approved loan apps in India

Money View is well-known for its credit rating model, which makes it one of the best unemployment loan apps in India. The company’s headquarters are in Bengaluru, Karnataka. Money View is the best loan app in India because it tracks and organizes expenses, bills, and account balances, as well as allows customers to set and adhere to budgets and view their bank account balances, among other things. It is also one of the best online loan apps, with loans of up to Rs 5,00,000 available within 24 hours. It is suitable for taking out loans such as student loans, personal loans, and home loans, and it has an interface that allows customers to do so quickly.

It is said to be the top internet loan app because it offers unique services such as bill reminders, checking bank account balances, bill payment reminders, and so on. It is preferable to have a CIBIL score of 600 or an Experian score of 650.

India Lends– rbi approved loan apps in India

India Lends is yet another well-known instant cash loan app and one of India’s leading lending platforms. So far, the platform has partnered with over 50 personal loan lenders and credit card companies. It is also the best instant loan app without salary slips, with over a million customers served in over 400 cities. It is one of the top 10 instant loan apps in India because, in addition to instant loans, it also offers gold loans with some offers.

India Lends is also good at providing credit cards to its users, as it offers over 40 different schemes and cards. The best part about this instant loan app is that it provides instant personal loans online at the lowest possible interest rate and disburses the loan in less than 48 hours. It has a monthly interest rate of 0.9% to 3% and a maximum loan amount of Rs. 50,00,000. It is preferable to have a good credit score and credit history. India Lends provides personalized loan options as well as some pre-approved loan offers.

Pay me India– rbi approved loan apps in India

Mahesh Shukla and Sandeep Singh founded PayMe India in 2015. PayMe India is one of the best instant loan apps in India because it offers a wide range of benefits. This Fintech Company provides salaried employees with short-term financial assistance to meet urgent financial needs. In comparison to other loan apps in India, this platform offers a wide range of loan options for all processes and has integrated both traditional and modern lending techniques to reach a diverse range of customers. You can register on the platform using this instant cash loan app by simply uploading the required documents.

IDFC First– rbi approved loan apps in India

IDFC First Bank was established in 2015. When it comes to Instant personal loans, another popular and trusted option is IDFC First, formerly known as Capital First. IDFC First provides personal loans beginning at Rs 20,000. The maximum loan amount for salaried individuals is Rs 40 lakhs and Rs 9 lakhs for self-employed individuals. Annual interest rates begin at 10.49%. A balance transfer option is also available, allowing users to move their loans from one bank to another. One disadvantage is that, unlike many of the other apps on this list, IDFC First may require a good CIBIL score before approving your loan. IDFC First Platform also ensures quick transactions.

Home Credit– rbi approved loan apps in India

Home Credit is among India’s oldest loan apps and is currently ranked among the top online loan apps and personal loan apps. This cash loan app, which is part of the International Home Credit Group, has a presence in over ten Asian and European countries. It is present in over 20 Indian states and 150 cities. It offers a loan amount of up to Rs. 5 lakhs and allows you to repay it in easy EMIs over a 6-36-month period. Home Credit’s USPs include the ability to pay online or offline with simple options, instant approval, no credit history required, and no hidden fees.

Money Tap– rbi approved loan apps in India

Money Tap is yet another best instant loan app without salary slips that are carving out its niche in lending money. MoneyTap has a unique feature called “no usage no money,” which helps it catch people’s attention and distinguish itself from the other instant loan apps. This simply means that you are only charged interest on the amount of money you use.

All you need to do is download the online loan app and upload the required documents. Once approved, you will be given a credit line that you can use as you see fit. Money Tap has partnered with leading NBFCs in India, making this one of the most trusted instant loan apps in India.

Dhani– rbi approved loan apps in India

Dhani began as a drug store and then expanded into its money-lending services. You can apply for a loan with Dhani at any time for any reason. Simply download the app and enter your pan number, Aadhar number, and address for verification. Once Aadhar and address are verified, it is an instant cash loan in 1 hour with no documents.

The loan balance is disbursed to the bank account within minutes of approval. Once the eligibility criteria are met, the loan amount is said to reach the borrower’s account in just 3 minutes. The loan amount ranges from Rs. 1000 to Rs. 15,000,000. The loan term ranges from 3 to 24 months.

Buddy Loan– rbi approved loan apps in India

The Buddy Loan app is a direct lender, not a broker. As a result, those who obtain a loan through its platform will not have to pay any hidden brokerage fees. This app also has 4.4 and 4.8 positive ratings on the Play store and the Apple store, respectively. It enables users to obtain a loan in the desired amount at an affordable EMI. This loan app has a low-interest rate, making it suitable for most people looking for low-cost loans.

Navi app– rbi approved loan apps in India

The Navi Loan app is a personal loan software that claims to assist users to get the money they require in a matter of minutes. However, some users have expressed doubts about the app’s legitimacy. In this article, we’ll look at the Navi Loan app in detail to see if it’s worth your time.

Navi Loan advertises itself as a simple and convenient way to obtain a personal loan. The app claims that you can get up to 20 lakh in just a few clicks and that the entire process takes only a few minutes. You only need to download the app and fill out an application.

Lazypay– rbi approved loan apps in India

LazyPay is a PayU power mobile application that provides instant credit after completing a few online steps. Based on their credit score and history, each user has a different credit limit. You can check the unique limit by logging in with your phone number.

LazyPay operates entirely online, allowing for quick and easy processing. Every month, they have disbursed over one million loans. The application is appealing because of its convenience, low EMI, and other features. Above all, their 100% paperless documentation is the USP that makes it an excellent choice for your emergency funds (if required).

Nira loan app– rbi approved loan apps in India

Nira loan application is a personal finance platform that is NBFC registered and safe to use. The Nira loan app is regarded as one of the best loan apps in India.

If you are in desperate need of money and require online financial assistance, you can always use the Nira loan application to apply for a quick personal loan. Nira loan app is a reliable loan app that can be used in an emergency.

The Nira loan application has over one million downloads on Google Play and a four-star rating. Whenever you need money, simply download the Nira loan app and apply online for a quick personal loan.

Kreditbee– rbi approved loan apps in India

KreditBee is an Instant Personal Loan platform that provides loans ranging from Rs. 1000 to Rs. 1 lakh to young professionals based on their needs. KreditBee is among the first choices of young professionals when it comes to quick and convenient Personal Loans. Borrowers who have never taken out a loan before or do not have a credit card can still apply for loans through KreditBee.

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FAQs- RBI Approved loan apps in India

Which loan apps are approved by rbi?

All the above-mentioned apps are approved by RBO. Apart from these, there are apps such as smartcoin, Rupee app, Mobikwik, Paytm Personal loan, true caller etc.

Which loan apps are legal in India?

All the loan apps which are approved by the RBI are legal in India.

Is Nira app approved by RBI?

Yes, it is.

Is Rufulo app RBI registedred?



In a time, where people are searching over the internet, the top 15 rbi approved loan apps in India. Because one can’t go to the bank all of a sudden, here we are with you the new article on the Top 15 rbi approved loan apps in India.

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