Rbi Approved Loan Apps List in India: In today’s fast-paced world, financial emergencies can arise unexpectedly, and having access to instant loans becomes crucial. With the proliferation of loan apps in India, it’s essential to ensure that you’re dealing with legitimate and trustworthy platforms approved by the Reserve Bank of India (RBI). Let’s delve into the intricacies of the Rbi Approved Loan Apps List in India 2024, their benefits, eligibility criteria, and more.
Rbi Approved Loan Apps List in India 2024
Rbi Approved Loan Apps List in India play a pivotal role in providing financial assistance to individuals and businesses during times of need. These apps are regulated by the RBI, ensuring compliance with stringent guidelines and safeguarding borrowers’ interests.
Benefits of Using RBI Approved Loan Apps
- Safety and Trustworthiness: RBI oversight ensures that these apps adhere to fair lending practices, protecting borrowers from fraudulent activities.
- Transparent Processes: Rbi Approved Loan Apps List in India maintain transparent loan processing mechanisms, fostering trust and confidence among borrowers.
- Competitive Interest Rates: These apps offer competitive interest rates and flexible repayment options, making borrowing more affordable for users.
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Eligibility Criteria for RBI Registered Loan Apps
To avail of loans from Rbi Approved Loan Apps List in India, applicants must meet certain criteria, including:
- Indian citizenship
- Age between 21 to 60 years
- Stable source of income
- Good CIBIL score
- Active savings account with internet banking
- Aadhaar linked to mobile number
Application Process for NBFC Personal Loan 2024:
- Download the NBFC mobile application from the authorized Play Store.
- Complete KYC verification by providing Aadhar and PAN card details.
- Choose the desired loan amount and submit the application after reviewing the terms and conditions.
- Customize EMI conditions as per preference before final submission.
- Upon verification, you will receive loan approval within minutes via the mobile application.
List of RBI Approved Loan Apps 2024
A plethora of Rbi Approved Loan Apps List in India cater to diverse borrowing needs, offering credit limits ranging from thousands to lakhs. Some prominent apps include Kreditbee, Paysense, NAVI, Cashbean, and more.
RBI Approved Loan App List 2024
| S.No. | RBI Registered Loan App List | Credit Limit |
| 1 | Kreditbee Instant Loan App | Loan up to 2 Lakh |
| 2 | Kreditzy Instant Loan App | Loan up to 2 Lakh |
| 3 | Paysense | Loan up to 5 Lakhs |
| 4 | NAVI | Loan up to 5 Lakhs |
| 5 | Lazypay(Credit Line + Personal Loan) | Loan up to 1 Lakhs |
| 6 | Freopay | Loan up to ₹10000 |
| 7 | Stashfin | Loan up to 5 Lakh |
| 8 | Cashbean– Online Loan App | Loan up to 1 Lakhs |
| 9 | MI Credit | Above 5 Lakhs |
| 10 | Dhani Loan App | Loan up to 5 Lakh |
| 11 | Avail Finance | Loan up to ₹50000 |
| 12 | NIRA Instant Loan App | Loan up to 2 Lakh |
| 13 | Branch Loan App | Loan up to ₹50,000 |
| 14 | Smart coin Loan App | Loan up to 2 Lakhs |
| 15 | Rupeek App (Gold Loan) | Loan up to 50 Lakhs |
| 16 | Simple Pay Later | Loan up to 1 Lakhs |
| 17 | Mobikwik (Credit Line + Consumer Loan) | Loan up to 2 Lakh |
| 18 | Paytm Personal Loan | Loan up to 2 Lakh |
| 19 | Krazybee (Consumer Loan) | Loan up to 2 Lakh |
| 20 | Bharatpe (Business Loan) | Loan up to 5 Lakh |
| 21 | Paytm Postpaid (Credit Line) | Loan up to 1 Lakhs |
| 22 | True Caller | Loan up to 5 Lakh |
| 23 | Simply Cash Loan App | Loan up to 2 Lakh |
| 24 | Slice | Loan up to 1 Lakhs |
| 25 | True Balance | Loan up to ₹50,000 |
| 26 | Zest M28oney (Consumer Loan) | Above 2 Lakh |
| 27 | Amazon P29ay Later | Loan up to ₹60,000 |
| 28 | Flipkart Pay Later | Loan up to ₹60,000 |
| 29 | Tata Capital | Above 10 Lakhs |
| 30 | Tata neu Credit card (Qik EMI Card) | ₹10000 to ₹150000 |
| 31 | Tata Neu App (Qik Personal Loan) | ₹10000 to ₹10,00,000 |
| 32 | Ola Money pay Later | ₹1500 to ₹20000 |
| 33 | Khatabook Instant Loan App | ₹50,000 to ₹0,00,000 |
| 34 | Jupiter credit limit | Loan up to ₹50,000 |
| 35 | OneCard Loan App | ₹10000 to ₹150,000 |
| 36 | Paisabazaar credit limit | ₹50,000 to ₹10,00,000 |
| 37 | imobile Pay Later | Loan up to ₹ 20,000 |
| 38 | SBI YONO APP | ₹1500 to ₹60000 |
| 39 | India IDFC First Bank Pay later | ₹1500 to ₹ 60000 |
| 40 | Bajaj Finserv App | ₹ 50,000 to ₹ 5,00,000 |
| 41 | Rufilo Loan App | ₹5000 to ₹25,000 |
| 42 | IBL FINANCE App | ₹5000 to ₹25,000 |
| 43 | Early Salary Instant Loan App | ₹ 8,000 to ₹ 500,000 |
| 44 | Money View | ₹10,000 to ₹ 5,00,000 |
| 45 | CASHe | ₹1,000 to ₹ 3,00,000 |
| 46 | mPokket | ₹500 to ₹30,000 |
| 47 | Stashfin – Credit Line & Loan | ₹1,000 to ₹5,00,000 |
| 48 | MoneyTap | ₹1,000 to₹60,000 |
| 49 | FairMoney Loan App | Loan up to 2 Lakh |
| 50 | KreditOne | ₹5000 to ₹25,000 |
| 51 | FlexSalary Instant Loan App | ₹5000 to ₹25,000 |
| 52 | DigiMoney– Online Loan App | ₹5000 to ₹25,000 |
| 53 | Indialends | Loan up to ₹5,00,000 |
| 54 | Mystro Loans & Neo Banking app | Loan up to ₹50,000 |
| 55 | Kissht: Instant Line of Credit | ₹10,000 to ₹ 1,00,000 |
| 56 | IndusMobile: Digital Banking | ₹5000 to 200,000 |
| 57 | Prefr: Get instant loan | ₹10,000 to ₹3,00,000 |
| 58 | InstaMoney Personal Loan | ₹5,000 to ₹25,000 |
| 59 | Swift Loan– Online Loan App | Loan up to ₹50,000 |
| 60 | RapidPaisa | ₹ 1,000 – ₹ 10,000 |
| 61 | CreditScore, CreditCard, Loans | Loan up to ₹ 5 Lakh |
| 62 | Bajaj MARKETS: Loan, Card, UPI | Loan up to ₹25 Lakhs |
| 63 | Fullerton India Credit Company Limited | Loan up to ₹25 lakhs |
| 64 | LoanFront | ₹2000 to ₹2 lakhs |
| 65 | Pocketly | Loan up to ₹10,000 |
| 66 | Bueno Loans | Loan up to ₹25000 |
| 67 | PayRupik– Online Loan App | Loan up to ₹20,000 |
| 68 | Loaney | ₹200 to ₹20,000 |
| 69 | RupeePark | ₹5,000 to ₹500,000 |
| 70 | Cash Planet – Online Loan App | ₹5,000 to ₹500,000 |
| 71 | CreditScore – PaisaBazaar | ₹ 1000 to ₹ 50,000 |
| 72 | Money Tap | ₹ 3000 to ₹ 5 lakh |
Why Choose RBI Approved Loan Apps
RBI approval signifies adherence to regulatory standards, ensuring a secure and transparent borrowing experience. These apps prioritize borrower welfare, offering reliable financial solutions without compromising on integrity.
Importance of Using RBI Approved Loan Apps
Amidst the proliferation of illicit loan apps, sticking to Rbi Approved Loan Apps List in India platforms is paramount. These apps prioritize ethical lending practices, shielding borrowers from exorbitant interest rates, hidden charges, and coercive credit policies prevalent in unauthorized apps.
Conclusion
In a digital lending landscape fraught with risks, RBI approved loan apps emerge as beacons of reliability and integrity. Platforms like Loan Tap exemplify responsible lending practices, offering borrowers a safe haven for securing personal loans. By choosing RBI approved apps, borrowers can navigate the borrowing landscape with confidence, assured of transparent processes and fair treatment.
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