RBI-approved loan apps are regulated platforms, often partnered with RBI-registered Non-Banking Financial Companies (NBFCs), that adhere to strict guidelines for transparency, security, and fair lending practices. This comprehensive guide lists top RBI-approved loan apps in India for 2025, provides direct links to their Play Store and App Store pages where available, and offers insights into their features, application processes, and safety tips. Whether you’re seeking a small personal loan or a larger credit line, this article will help you navigate the digital lending landscape with confidence.

Detailed List of RBI-Approved Loan Apps in India

The following table lists the top RBI-approved loan apps in India for 2025, including loan amounts, interest rates, and app store links where available. The list is compiled from cross-referenced sources, ensuring accuracy and relevance.

App Name	Loan Amount	Interest Rate	Play Store Link	App Store Link
IDFC First Bank	Up to ₹10 Lakh	10.99% p.a. onwards	IDFC First Bank	IDFC First Bank
Bajaj Finserv	₹20,000 to ₹40 Lakh	1% – 32% p.a.	Bajaj Finserv	Bajaj Finserv
Moneyview	₹5,000 – ₹10 Lakh	10% p.a. onwards	Moneyview	Moneyview
Olyv (SmartCoin)	₹1,000 – ₹5 Lakh	18% – 30% p.a.	Olyv	Not available
Kissht	₹30,000 – ₹5 Lakh	14% p.a. onwards	Kissht	Not available
Buddy Loan	₹10,000 – ₹15 Lakh	11.99% p.a. onwards	Buddy Loan	Buddy Loan
KreditBee	₹1,000 – ₹5 Lakh	17.00% – 29.95% p.a.	KreditBee	KreditBee
Fibe	₹5,000 – ₹5 Lakh	12% p.a. onwards	Fibe	Fibe
LazyPay	₹3,000 – ₹5 Lakh	15% – 32% p.a.	LazyPay	LazyPay
CASHe	₹1,000 – ₹4 Lakh	2.50% p.m. onwards	CASHe	CASHe
mPokket	Up to ₹45,000	Up to 48% p.a.	mPokket	Not available
ZestMoney	Up to ₹5 Lakh	11.99% onwards	ZestMoney	ZestMoney
True Balance	₹5,000 – ₹1.25 Lakh	2.40% p.m. onwards	True Balance	Not available
Home Credit	Up to ₹5 Lakh	1.60% p.m. onwards	Home Credit	Not available
FlexSalary	Up to ₹3 Lakh	18% – 54% p.a.	FlexSalary	FlexSalary
Navi	Up to ₹20 Lakh	9.9% p.a. onwards	Navi	Navi
Nira Finance	₹5,000 to ₹1.5 Lakh	2% p.m. onwards	Nira Finance	Not available
Finnable	Up to ₹5 Lakh	16% p.a. onwards	Finnable	Finnable
MoneyTap	Up to ₹5 Lakh	13% p.a. onwards	MoneyTap	MoneyTap
Pocketly	₹500 – ₹50,000	24% – 36% p.a.	Pocketly	Pocketly
IndiaLends	Up to ₹50 Lakh	10.25% onwards	IndiaLends	IndiaLends
Hero FinCorp	Up to ₹5 Lakh	19% – 30% p.a. onwards	Hero FinCorp	Hero FinCorp
StashFin	₹1,000 – ₹5 Lakh	11.99% onwards	StashFin	StashFin
Lenditt	₹10,000 – ₹2 Lakh	28% onwards	Lenditt	Lenditt
Payme India	₹500 – ₹5 Lakh	1.50% p.m. onwards	Payme India	Payme India
Dhani	₹1,000 – ₹15 Lakh	13.99% p.a. onwards	Dhani	Dhani
LoanTap	₹50,000 – ₹10 Lakh	12% – 24% p.a.	LoanTap	LoanTap
RupeeRedee	₹2,000 – ₹1,49,000	36% – 48% p.a. onwards	RupeeRedee	Not available
SMFG India Credit	Up to ₹25 Lakh	13% onwards	SMFG India Credit	Not available
PaySense	₹5,000 – ₹5 Lakh	1.4% – 2.3% per month	PaySense	Not available

Additional RBI-Approved Loan Apps in India

The following apps are also RBI-approved and partnered with registered NBFCs, based on sources like InvestKraft and Creditt+. While direct app store links are not always available, users can search for these apps on the Google Play Store or Apple App Store:

• PhonePe: Offers loans up to ₹5 lakh through partnered NBFCs, with interest rates starting at 13% p.a. (Play Store, App Store).
• Click My Loan: Provides loans up to ₹2 lakh, with rates varying by tenure.
• TATA Capital: Offers loans up to ₹35 lakh, starting at 10.99% p.a. (Play Store, App Store).
• FairMoney: Small loans up to ₹50,000, with rates not specified.
• Slice: Loans up to ₹10 lakh, with competitive rates.
• OxyLoans: Loans up to ₹10 lakh, with flexible terms.

People also read: Introduction to Interest Rates in Personal Loans

What does an RBI-approved loan app mean?

The Reserve Bank of India (RBI) is India’s central banking authority, responsible for regulating the financial system and ensuring monetary stability. An RBI-approved loan app is either directly registered with the RBI or operates in partnership with an RBI-registered NBFC. These apps must comply with RBI regulations, which include:

• Data Security: Using advanced encryption (e.g., 256-bit) to protect user information.
• Transparency: Disclosing interest rates, processing fees, and repayment terms.
• Fair Practices: Avoiding predatory lending, hidden charges, or coercive recovery methods.
• Legal Compliance: Adhering to Indian financial laws and RBI guidelines.

By choosing an RBI-approved loan app, users can trust that their financial transactions are secure and that the lender operates within a regulated framework.

Why Choose RBI-Approved Loan Apps?

Opting for RBI-approved loan apps in India offers several advantages over unregulated alternatives:

1. Enhanced Security: These apps employ robust security measures to safeguard personal and financial data, reducing the risk of breaches or misuse.
2. Transparency: Interest rates (typically ranging from 10% to 36% p.a.), fees, and repayment schedules are clearly outlined, ensuring no surprises.
3. Quick and Convenient: Loans are often disbursed within minutes or hours, with minimal documentation and fully digital processes.
4. Regulated Practices: RBI oversight prevents unethical practices, such as exorbitant interest rates or aggressive loan recovery tactics.
5. Consumer Protection: Users have recourse to regulatory bodies like the RBI or consumer courts in case of disputes.

In contrast, unregulated apps may offer tempting deals but pose risks like data theft, hidden charges, or debt traps. RBI-approved apps provide peace of mind and a reliable borrowing experience.

Application Process for RBI-approved loan apps

The application process for RBI-approved loan apps is typically digital and user-friendly:

1. Download the App: Install the app from the Google Play Store or Apple App Store using the provided links or by searching the app name.
2. Register: Create an account with your mobile number and email, verifying with an OTP.
3. Complete KYC: Upload documents like Aadhaar card, PAN card, bank statements, and a selfie for digital KYC verification.
4. Check Eligibility: Enter details such as income, employment status, and CIBIL score (typically 650+ required) to check loan eligibility.
5. Select Loan Amount and Tenure: Choose the desired loan amount and repayment period, ranging from 3 months to 7 years, depending on the app.
6. Submit Application: Review and submit the application, often receiving instant approval.
7. Receive Funds: Upon approval, funds are credited to your bank account, typically within minutes or hours.

Documents Required for RBI-approved loan apps

Common documents required for loan applications include:

• Aadhaar Card: For identity and address verification.
• PAN Card: For financial and tax purposes.
• Bank Statements: Typically for the last 3-6 months to assess income and repayment capacity.
• Salary Slips: For salaried individuals, usually for the last 3 months.
• Proof of Address: If not covered by Aadhaar, documents like utility bills may be required.
• Selfie: For digital KYC verification.

Some apps may request additional documents based on the user’s profile or loan amount.

People also read: Fake Loan apps in India

Staying Safe from Fake Loan Apps

The rise of digital lending has led to an increase in fraudulent apps. To ensure safety:

1. Verify RBI Registration: Confirm the app or its NBFC partner is listed on the RBI website.
2. Read User Reviews: Check ratings and feedback on the Play Store or App Store to assess user experiences.
3. Check the Official Website: Legitimate apps have professional websites with clear contact details and privacy policies.
4. Avoid Suspicious Permissions: Be wary of apps requesting access to contacts, photos, or other unnecessary data.
5. Beware of Unrealistic Offers: Apps offering very low or zero interest rates may be scams.
6. Ensure Secure Transactions: Verify the app uses HTTPS and encryption for data transmission.
7. Report Suspicious Apps: Report fake apps to the RBI or cybercrime authorities for investigation.

Choosing the Right Loan App

Selecting the right RBI-approved loan app depends on individual needs. Consider:

• Loan Amount: Apps like mPokket offer small loans (up to ₹45,000), while Bajaj Finserv provides up to ₹40 lakh.
• Interest Rates: Compare rates, with Navi starting at 9.9% p.a. and others like RupeeRedee at 36% p.a.
• Repayment Tenure: Options range from 3 months (e.g., mPokket) to 7 years (e.g., Bajaj Finserv).
• Processing Fees: Apps like Fibe offer no prepayment penalties, reducing costs.
• User Experience: Apps with high ratings, like Moneyview (4.6/5 on the Play Store), ensure a seamless experience.
• Eligibility Criteria: Ensure you meet requirements like a minimum CIBIL score (650+) or income level.

Benefits of RBI-Approved Loan Apps

Using RBI-approved loan apps offers:

• Accessibility: Available 24/7, allowing loan applications anytime.
• Minimal Paperwork: Digital KYC and documentation streamline the process.
• Real-Time Tracking: Monitor loan status and repayment schedules via the app.
• Flexibility: Choose loan amounts and tenures that suit your financial situation.
• Trustworthiness: RBI regulation ensures ethical practices and user protection.

People also read: 7-day loan app list in India

Conclusion

RBI-approved loan apps in India for 2025 provide a secure, transparent, and efficient way to access funds for various needs. The curated list above, supported by trusted sources, offers a range of options from small loans (e.g., Pocketly) to large credit lines (e.g., India _

Lends). By verifying RBI registration, reading reviews, and comparing features like interest rates and tenures, users can select the best app for their needs. This guide ensures you can borrow confidently, avoiding the pitfalls of unregulated platforms.

Key Citations

• Moneyview: 30 Best Instant Personal Loan Apps In India 2025
• 91mobiles: Top Concurrent users: 15 RBI Approved Loan Apps List in India 2024
• NoBroker: 20 Top Rated RBI Approved Loan Apps List in India 2025
• Creditt+: Top 25 RBI Approved Loan Apps in India of 2025
• InvestKraft: 50+ Instant Personal Loan Apps in India 2025

FAQs: RBI-Approved Loan Apps in India

1. What is an RBI-approved loan app?

An RBI-approved loan app is a digital platform that either operates as an RBI-registered NBFC (Non-Banking Financial Company) or partners with one, ensuring compliance with RBI’s digital lending guidelines for transparency, security, and borrower protection.

2. How can I verify if a loan app is RBI-approved?

Check the app’s website for NBFC registration details, cross-reference the NBFC’s name on the RBI official website, and look for disclosures within the app or its documentation.

3. Why should I use only RBI-approved loan apps?

These apps follow strict regulations, offer data privacy, transparent charges, legal recourse, and protect users from predatory lending and harassment.

4. What documents are required to apply for a loan?

Typically, you need an Aadhaar card, a PAN card, proof of address, bank statements, and income proof. Some apps may ask for additional documents depending on the loan amount.

5. Are there hidden charges in RBI-approved loan apps?

No, RBI mandates clear disclosure of all charges, including interest rates, processing fees, and penalties. Always review the Key Facts Statement (KFS) before accepting a loan.

6. How fast is the loan disbursal process?

Most RBI-approved apps offer instant or same-day disbursal upon successful verification and approval, making them suitable for emergencies.

7. What is the typical interest rate on these apps?

Interest rates vary by app and borrower profile, usually ranging from 10% to 36% per annum.

8. What is the maximum and minimum loan amount I can get?

Loan amounts typically range from ₹1,000 to ₹40,00,000, depending on the app and your eligibility.

9. Are RBI-approved apps safe for personal data?

Yes, these apps must follow strict data privacy norms, including encryption and user consent for data collection and sharing.

10. What are the eligibility criteria?

You must be an Indian resident, usually aged 21–55, have a regular income, and possess valid KYC documents. Some apps may require a minimum credit score.

11. How do I repay the loan?

Repayment is typically done via auto-debit, UPI, net banking, or through the app interface. Repayment schedules and reminders are provided.

12. Can I prepay or foreclose my loan?

Most RBI-approved apps allow prepayment or foreclosure, sometimes with minimal or no charges. Check the app’s policy before proceeding.

13. What happens if I miss a repayment?

You may incur late payment charges, and your credit score can be affected. RBI guidelines cap penal charges to the overdue amount only.

14. Are there any apps that approve loans without a CIBIL score?

Some RBI-approved apps may offer loans to users with low or no CIBIL score, but interest rates might be higher.

15. How do I file a complaint against a loan app?

You can approach the app’s grievance redressal mechanism. If unresolved, escalate to the RBI’s Ombudsman or file a complaint on the RBI’s official portal.

16. How do I avoid fake or illegal loan apps?

Only use apps listed on the RBI or NBFC’s official website, avoid apps with no clear NBFC partner, and read user reviews before downloading.

17. Can I get a loan if I am self-employed?

Yes, many RBI-approved apps cater to salaried and self-employed individuals, provided you meet the documentation and eligibility criteria.

18. Are these apps available pan-India?

Most RBI-approved loan apps serve customers across India, but some may have location-specific restrictions.

19. Will taking a loan from these apps affect my credit score?

Yes, all loans are reported to credit bureaus. Timely repayments improve your score; defaults harm it.

20. What is the Key Facts Statement (KFS)?

KFS is a mandatory disclosure document providing all loan terms, charges, and conditions upfront to borrowers.

21. Can I use more than one loan app at a time?

Yes, but your overall eligibility and creditworthiness will be assessed by each app and reflected in your credit report.

22. Are business loans available via RBI-approved apps?

Several apps offer business, personal, and other loan products, depending on their NBFC partnership.

23. What is the usual tenure for repayment?

Repayment periods range from 3 months to 7 years, depending on the app and loan type.

24. How are interest rates determined?

Rates depend on your credit score, income, loan amount, tenure, and the app’s policies.

25. Can I apply if I have an existing loan?

Yes, but approval depends on your repayment history and current debt-to-income ratio.

26. What happens if an app is delisted by the RBI?

If an app loses RBI approval, it cannot legally lend. Borrowers should avoid new loans from such apps and report issues to the RBI.

27. How do I check if an NBFC is RBI-registered?

Visit the RBI’s official website and search the NBFC list using the company’s name or registration number.

28. Are there any upfront fees before loan approval?

No RBI-approved app charges upfront fees before loan approval. Any such demand is a red flag for fraud.

29. Can I get a loan without visiting a branch?

Yes, the entire process is digital, requiring no physical visits or paperwork for most RBI-approved apps.

30. What should I do if I face harassment from a loan app?

Report the incident to the app’s grievance cell, the RBI Ombudsman, and local authorities if necessary. RBI prohibits harassment and unethical recovery practices.