Top 10 RBI-Approved Finance Loan Apps

Last Updated on December 1, 2025 by Muskan Sinha

Instant personal loan apps are everywhere, which offer funds with zero bank visits and paperwork. However, are these apps actually safe to secure loans? Not every loan app that promises instant funds is safe– various individuals become victims of financial fraud through unregistered platforms. The Reserve Bank of India watches over financial services to protect the borrowers from such scams. It regulates the RBI approved loan apps that operate under NBFCs and Banks. 

From hidden charges to predatory interest rates, the RBI registered loan apps list is free of fraudulent schemes. RBI regulates the NBFCs and Banks that operate the respective loan apps. Applications under these entities must comply with RBI guidelines to ensure the safety of borrowers. To protect you from unfair financial practices, we have listed the top personal loan apps in India registered with the RBI. 

Top 10 RBI Registered Loan App List

App Name	Interest Rate	Loan Amount Range	Tenure (Months)
PaySense	16%-36%	₹5,000 – ₹5 lakh	3 to 48
Fibe	12%-30%	₹8,000 – ₹5 lakh	3 to 36
Kreditbee	12%-28.5%	₹6,000 – ₹10 lakh	6 to 60
Bajaj Finserv	10%-32%	₹22,000 – ₹55 lakh	6 to 96
Cashe	Up to 36%	₹1,000 – ₹3 lakh	9 to 18
Moneyview	14%-36%	₹5,000 – ₹10 lakh	3 to 60
Navi	Starting from 9.9%	₹10,000 – ₹20 lakh	3 to 84
mPokket	24%-36% (approx)	₹500 – ₹50,000	Up to 4
Zest Money	14%	Up to ₹2 lakh	60 days
True Balance	Up to 26%	Up to ₹20 lakh	Up to 84

1. PaySense 

One of the best RBI approved loan apps in India, PaySense, stands out for its paperless loan process for salaried and self-employed individuals. It handles the entire loan process online and allows you to borrow money with a low or zero credit score. 

• Instant personal loans with a fully online procedure 
• Flexible repayment tenure of 3 to 60 months 
• Minimal documentation with zero paperwork 
• Interest rate is between 14% and 36% —based on credit profile, income, and other factors. 
• Easy loan approval with zero or low CIBIL Score. 
• Multiple loans are available within the approved credit limit. 

2. Fibe 

Fibe is an instant loan app that offers personal loans and other credit solutions on its digital platform. Ideal for salaried professionals, Fibe provides instant access to funds on fully digital process. From medical emergencies to educational loans, this best personal loan app provides funds in minutes after approval. 

• Instant loan approval and disbursement in minutes after approval. 
• Minimal online Documentation with PAN, Aadhaar card, and Bank statement 
• Get a loan of up to Rs. 5 lakh with zero Collateral 
• Flexible repayment schedule with a tenure ranging from 3 to 36 months. 
• New Credit Customers are welcome to join the platform 

3. Kreditbee

Kreditbee is one of the top RBI approved loan apps in India with an instant approval process. Perfect for every individual, Kreditbee disburses funds to your bank account within 10-15 minutes of approval. They have a 100% online process that lets you complete the application in the app. The minimal documentation makes it the best loan app for immediate needs. 

• Salaries and self-employed individuals can take a loan of up to ₹10 lakh.
• Access a flexible tenure for repayment that ranges between 6 to 60 months.
• The processing fee is up to 5.1% of the loan amount, plus GST.
• You can join Kreditbee with a low credit score 
• The interest rate ranges from 12% to 28.5% as per the loan type and credit profile. 

4. Bajaj Finserv 

This is the best personal loan app for quick funding needs. Bajaj Finserv has a straightforward loan application process with just a few steps. You can get a pre-approved loan with your phone number and receive funds within 25 hrs. You can get a collateral-free loan that amounts to Rs. 55 lakhs for high financial requirements. 

• It has pre-approved loan offers for existing customers to check with their phone number for fast application. 
• Any individual can access a collateral-free loan of up to Rs. 55 lakhs for a maximum tenure of 96 months. 
• You can manage your loans on the go with EMI details, statement downloads, loan status tracking, and other features. 
• It also offers a built-in EMI calculator to determine your monthly installments easily. 

5. Cashe 

Cashe is one of the best personal loan apps in India, which is registered with the RBI.  It is a non-banking financial company that offers short-term loans with minimal documentation. You can get instant money in your bank account via a 100% digital application process. 

• It has an easy application process: download the app, complete KYC, submit the application, and the SQL algorithm will review it for instant approval. 
• It offers loans of Rs. 45,000 to ₹3,00,000 with a flexible repayment period of 9 to 18 months. 
• The loan interest rate begins at 2.79% per month on a compound basis.
• The processing fee for the loan application stands at 2.9% 

6. Moneyview 

Moneyview is among the top RBI approved loan apps in India with an instant borrowing of up to Rs. 10 lakh. From application to disbursement, the whole loan approval process is done digitally. It partners with over 30 lenders to offer multiple loan options simultaneously. It uses a different credit model that allows you to get a loan even with a low credit score. 

• You can get loans of Rs. 5,000 to Rs. 10,00,000 with flexible repayment terms of 3 months to 5 years. 
• It has minimal documentation, with a paperless procedure – you just need a soft copy of your PAN, KYC with an Aadhaar-linked phone number, and a bank statement. 
• It has an annual interest rate that ranges from 14% to 36% – depending on the credit profile. 

7. Navi 

Navi is a personal loan app that is registered with a non-banking financial company. Its mobile app offers instant loans and other financial products. It offers various features like digital application process, instant loan disbursal, and flexible repayment terms. 

• Anyone can join the platform and get a personal loan of up to Rs. 20 lakh through a 100% paperless process. 
• The loan amount is disbursed quickly– within minutes of application approval. 
• It offers various EMI repayment options with tenures of 72 or 84 months. 
• Navi does not charge any fees for prepaying or foreclosing your loan. 
• This is the best loan app that also offers long-term, zero-collateral loans. 

8. mPokket

Registered with the Reserve Bank of India(RBI), mPokket is one of the quick loan apps that with amounts ranging up to Rs. 50,000. From college students to salaried employees with a monthly income of just Rs. 9,000, anyone can access an instant loan from the platform. It boastsa  100% digital application process for ultimate ease. 

• mPokket instant credits the designated amount in your account after the loan approval. 
• The interest rate range is up to 36%, and it also charges a processing fee of Rs. 50 to Rs. 200 plus GST. 
• It has a short repayment period, typically ranging from 61 to 120 days.
• This unsecured loan app ideally serves first-time borrowers like students, freshers, and other individuals. 

9. True Balance  

True Balance is the best loan app under NBFCs. It is registered with the RBI and has a fully digital loan application process for convenience. Any user can apply for an unsecured loan of up to Rs. 5,00,000 ( amount depending on the eligibility). It also has a flexible repayment tenure of 6 to 48 months to reduce your financial stress. 

• APR ranges from 28.8% to 86%, depending on the borrower’s risk profile, with processing fees ranging from 0% to 10%.
• The application process is 100% online, requiring only registration, KYC, and basic eligibility details.
• Instant disbursal — approved loan amounts are credited to your bank account within minutes.
• No collateral needed, as it’s an entirely unsecured personal loan.

10. Dhani 

Ideal app for instant personal loan approval, Dhani has a digital and paperless disbursal process. This application facilitates loans of up to R. 15 lakhs with a fully automated process based on your PAN card and address proof. It links your Aadhaar number to your identity to enable instant money transfers during KYC. 

• Get instant loan money and access UPI services through QR code. 
• You can borrow between Rs. 1,000 and Rs. 15 lakhs with a repayment period of up to 1 year. 
• It offers unsecured loans that don’t require you to pledge any assets as security. 
• These are various repayment plans with the interest rate starting from 13.99% – depending on your credit score, income, and other factors. 
• It offers multiple loan options tailored to specific needs, such as medical emergencies, wedding requirements, and education loans. 

Difference in NBFCs and Banking Loan Apps 

Purpose	NDFC Loan Apps	Banking Loan Apps
Regulation	Registered with RBI but operates under lighter regulations	Fully regulated by RBI under the Banking Regulation Act
Deposits	Cannot accept public deposits	Can accept savings and current account deposits
Loan Approval Speed	Faster approval and instant disbursal	Slower due to strict verification and documentation
Interest Rates	Usually higher due to flexible eligibility	Lower rates for customers with strong credit profiles
Eligibility Criteria	More relaxed; caters to new-to-credit customers	Stricter; prefers established credit history
Flexibility	Highly flexible loan options and terms	Less flexible due to standard banking policies
Collateral Requirement	Mostly unsecured loans	Can be secured or unsecured, depending on the loan type

What are the Eligibility Criteria to join RBI-approved loan Apps

Here are the key points to be eligible to join quick loan apps, which are approved by RB, such as Bajaj Finserv, PaySense, etc. 

1. Age: You must be at least 18 to 55 years old to apply for a loan through these apps. The age may vary as per the platform. 
2. Employment: These applications prefer individuals who have a regular source of income. Some apps also welcome students to apply for a loan. 
3. Documents: PAN card, Aadhaar card, bank statements, and possibly salary slips or ITR are needed to ensure loan safety. 
4. Bank Account: A personal bank account linked with the registered phone number for loan approval. 

How to Apply for a Loan through RBI Approved Loan Apps 

Say bye-bye to long queues and endless paperwork, as quick apps make loan approval easier than ever. Follow these steps to apply for a loan from NBFCs or bank-registered applications. 

1. Download App: Select the best loan apps to download– make sure they are registered with NBFCs or banks. Download the application only from the Google Play Store or App Store to avoid any fraud. 
2. Register on the App: Use your phone number for OPT verification. Create an account with personal details such as name, DOB, employment type, and bank details. 
3. Provide Personal and Financial Information: Unlike traditional banks, these loan apps ask for dew details to help you set up a profil for loan application. 

• Job type: Salaried, self-employed, or freelancer.
• Income: Determines your loan eligibility.
• Existing loans: Shows repayment capacity.
• PAN & Aadhaar: Used for ID verification.

4. KYC Verification: RBI-approved loan apps make KYC easier. Here’s all you need to know about its verification procedure. 

• Documents Required: Income proof, Address proof, and Identity proof. 
• Importance of KYC Verification: It allows you to make online payments via QR code. It also confirms your eligibility based on income and repayment history. It acts as a protective measure for borrowers from fraud and complies with RBI’s digital lending terms. 

5. Loan Approval for Amount Disbursement: These loan apps give you approval within 5 minutes or within 24 hours of submitting the application. The loan amount is instantly transferred into your bank account after verification. A loan agreement is give to provide information like EMI structure, tenure, and total amount. 

What are the Advantages of Loan Apps Working with the RBI-Listed NBFCs? 

Trust is the key factor in borrowing activities. These RBI approved loan apps in India operate under strict financial regulations and ensure that you are protected against fraud. 

1. Transparency: These applications cannot charge any hidden fees under the legal framework. They follow strict transparency guidelines that require them to provide a Key Facts Statement (KFS) to disclose loan information. It includes interest rates, processing fees, repayment schedules penalties, etc. 
2. Data Protection and Privacy: RBI guidelines require these apps to protect customer data and maintain robust privacy protocols. If you’re facing issues with repayment terms, the RBI’s grievance redressal mechanism is available to address your queries about unethical practices. 
3. Quick Loan Process: Unlike traditional banks with a never-ending loan approval process, these best personal loan apps let you apply and get approved within minutes, with instant fund transfer to your bank account. 

How to Check If the Loan App is RBI-Approved or Not 

It is best to conduct a formal background check before installing the personal loan app for use. 

1. You can visit the EBI official website and check if the lender is listed with NBFC or a banking institution. 
2. Go through the real user reviews on the Google Play Store or App Store to get an idea about how it actually is. 
3. Avoid fraudster apps that promise” Instant loan approval with no documentation”- it is impossible to get a loan without any documentation. 
4. Thoroughly check the interest rate and any other hidden charges to ensure it is suitable for the current financial situation.