RBI Registered Online Loan Apps – 2023

RBI Registered Online Loan apps

RBI Registered Online Loan Apps 2003, How to apply online, Download Apps, Documents Required, RBI approved Online Loan Apps for instant Loans.


There are many Online Apps available nowadays which claims to provide instant loan and disbursement to customers. Although these apps are useful some times as they provide instant loan but at the same time, user has to be very cautious while using such apps which makes claim about instant loans.

To avoid frauds among customers, RBI has come up with approved loan app list which are genuine and can be utilized for taking instant personal loans. We have already given details about Metrogyl Online 11 App in our article.


We are hereby giving you the list of such approved online loan apps which can be used to take instant online loans.


List of RBI registered Online Loan Apps


Credit App Name Loan Limit upto
Kreditbee Loan up to 2 Lakhs
Kreditzy Loan up to 2 Lakhs
Paysense Loan up to 5 Lakhs
NAVI Loan up to 5 Lakhs
Lazypay (Credit Line + Personal Loan) Loan up to 1 Lakh
Freopay (Credit Line) Rs. 10000
Stashfin – (Credit Line + Personal Loan) Loan up to 5 Lakhs
Cashbean Loan up to 1 Lakh
MI Credit Above 5 Lakhs
Dhani (Credit Line) Loan up to 5 Lakhs
Avail Finance Loan up to Rs. 50000
NIRA Loan up to 2 Lakhs
Branch Loan up to Rs.50,000
Smartcoin Loan up to 2 Lakhs
Rupeek App (Gold Loan) Loan up to 50 Lakhs
Simple Pay Later (Credit Line) Loan up to 1 Lakh
Mobikwik (Credit Line + Consumer Loan) Loan up to 2 Lakhs
Paytm Personal Loan Loan up to 2 Lakhs
Krazybee (Consumer Loan) Loan up to 2 Lakhs
Bharatpe (Business Loan) Loan up to 5 Lakhs
Paytm Postpaid (Credit Line) Loan up to 1 Lakh
True Caller Loan up to 5 Lakhs
Simply Cash Loan up to 2 Lakhs
Slice (Credit Line) Loan up to 1 Lakh
True Balance Up to Rs. 50,000
Zest Money (Consumer Loan) Above 2 Lakhs
Amazon Pay Later Up to Rs. 60,000
Flipkart Pay Later Up to Rs. 60,000
Tata Capital Above 10 Lakhs
Tata Neu Credit card (Qik EMI Card) Rs.10000 to Rs.150000
Tata Neu App (Qik Personal Loan) Rs.10000 to Rs.10,00,000
Ola Money Pay Later Rs.1500 to Rs.20000
Khatabook App Rs.50,000 to Rs.10,00,000
Jupiter credit limit Up to Rs.50,000
OneCard App Rs. 10000 to Rs150,000
imobile Pay Later Rs. 20,000
SBI YONO APP Rs. 1500 to Rs. 60000
IDFC Bank Pay later Rs. 1500 to Rs. 60000
Bajaj Finserv App Rs. 50,000 to Rs. 5,00,000
Rufilo Loan App Rs. 5000 to Rs. 25,000
IBL FINANCE App Rs. 5000 to Rs. 25,000
Early Salary Rs. 8,000 to Rs. 500,000
Money View Rs.10,000 to Rs. 5,00,000
CASHe Rs. 1,000 to Rs. 3,00,000
mPokket Rs.500 to Rs. 30,000
Stashfin – Credit Line & Loan Rs. 1,000 to Rs. 5,00,000
MoneyTap Rs.1,000 to Rs. 60,000
FairMoney Loan App Loan up to 2 Lakhs
KreditOne Rs.5000 to Rs. 25,000
FlexSalary Instant Loan App Rs.5000 to Rs.25,000
DigiMoney Rs. 5000 to Rs. 25,000
Indialends Rs. 5,00,000
Mystro Loans & Neo Banking app Rs. 50,000
Kissht: Instant Line of Credit Rs. 10,000 to Rs. 1,00,000
CreditScore – PaisaBazaar ₹ 1000 to ₹ 50,000


Precautions to be taken while applying online loan apps

All Precautions should be taken before applying in any of the above app although they are RBI approved apps, but users needs to check what documents or credentials these apps are asking before applying for the loans. 


Interest rates charged on RBI Registered Online Loan apps:


Apps Name Interest rate
Pay sense 16% to 36% (APR)
CASHe 2.25% per month
Mpockket  1% to 6% per month
Money View 1.33% Per Month
India Lends 10.75% to 25%
Pay me India 18% to 42%
IDFC First  6.25% to 7.5%
Home Credit 2% per month
Money Tap 13 – 24.03%
Dhani 13.99% onwards
Buddy Loan low as 11.99%
Navi app starting at 9.9%
Lazypay  18% to 28%
Nira loan app 1.67% to 2.25%
Kreditbee 0% to 29.88% p.a


EMI payments to being repaid for RBI Registered Online Loan apps: 

All apps allow to make payments in EMI after taking online loan and it should be taken care that EMI should be paid in time in order to maintain your credit score. For every loan you take, proper servicing of loan amount is must. 

Timely repayment also ensure that you would get increased credit limit next time in case of need. Every online app uses credit score before calculating your eligibility for loan amount. Similarly credit score also decide the interest rate to be charged on the customer.


Documents required for taking the loan: 

Important documents required taking loans from online app: These online apps require aadhar number, PAN card No and your registered mobile number. You can apply in these apps by entering your PAN number followed by your aadhar number and it will verify the data from UIDAI and PAN database. All your credit score will be fetched from PAN details and name, address details will be verified with aadhar database. For KYC verification, customer care will do a video KYC verification and after completion of Video KYC, loan will be disbursed. 


All precautions have been taken to compile the data and process for taking the online loan from RBI approved apps but users are requested to cross check the details from original sites before applying loans from these apps. 

RBI has also issued list of NBFCs which are approved by RBI and can be found in the list in the link:

RBI approved NBFCs/ Digital Lending companies

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