RBI approved 36 loan apps in india
RBI approved 36 loan apps in india Many loan applications in India have been authorized by the RBI. However, we have gathered a list of the top RBI-approved lending applications in India, including Pay sense, CASHe, Mpockket, Money View, India Lends, and Pay me India, etc.. for your convenience.
Empowering Your Financial Journey: Instant Loan Apps with Aadhar and PAN Card Verification
Today’s fast-paced world might bring up unforeseen financial requirements, making it more important than ever to have a dependable answer close at hand. Enter the world of rapid lending applications, where achieving financial independence just takes a few clicks. With the use of Aadhar and PAN card verification, immediate approval based on credit ratings, and thirty six remarkable loan apps, we will explore the world of loans in detail. These applications not only provide quick access to money but also ease the borrowing process.
Imagine a scenario where you need urgent funds to address a medical emergency or seize a once-in-a-lifetime opportunity. These loan apps are designed to bridge the gap between your aspirations and your financial reality. With the convenience of digital platforms and the security of Aadhar and PAN card verification, they ensure a seamless and efficient borrowing experience.
Join us as we take you on a tour of the cutting-edge lending applications that put your convenience, privacy, and financial security first. We’ll look into how these applications use cutting-edge technology to deliver rapid approvals that are influenced by your credit score, a monetary compass that represents your spending patterns and dependability.
These lending applications are here to reinvent how you handle your financial requirements, whether you’re a tech-savvy person searching for a simplified borrowing procedure or someone needing an immediate cash lifeline. These applications provide you more ability to manage your finances than ever before by using Aadhar and PAN card verification and offering immediate approvals depending on your credit score.
So, if you’re ready to unlock the potential of instant loan apps with Aadhar and PAN card verification, as well as credit score-based instant approval, read on. Our guide will navigate you through the features, benefits, and user experiences offered by these apps, ensuring that you make informed decisions that align with your unique financial goals.
RBI Approved Loan Apps In India With Their Name And Credit Limit 2023
| Sr No. | Name Of Apps | Their Credit Limit |
|---|---|---|
| 1 | Pay sense | up to ₹5 Lakh |
| 2 | CASHe | up to ₹2 Lakh |
| 3 | Mpockket | up to Rs ₹30,000 |
| 4 | Money View | ₹13,500 or More |
| 5 | India Lends | up to ₹2 Lakh. |
| 6 | Pay me India | More than ₹2 Lakh |
| 7 | IDFC First | up to ₹5 Lakh |
| 8 | Home Credit | up to ₹75,000 |
| 9 | Money Tap | up to ₹5 Lakh |
| 10 | Dhani | up to ₹5 Lakh |
| 11 | Buddy Loan | up to ₹15 Lakh |
| 12 | FlexSalary App | up to ₹2 Lakh |
| 13 | Navi Apps | up to ₹20 Lakh |
| 14 | Lazypay | up to ₹1 Lakh |
| 15 | Nira loan app | up to ₹12,000 |
| 16 | Kreditbee | up to ₹3 Lakh |
Apps And Their Headquarters Location
| Apps Name | Headquarters Location |
|---|---|
| Pay sense | Mumbai, Maharashtra |
| CASHe | Mumbai, India |
| Mpockket | Kolkata, West Bengal |
| Money View | Bangalore, Karnataka |
| India Lends | Gurugram, Haryana |
| Pay me India | Noida Gautam Buddha Nagar UP |
| IDFC First | Mumbai |
| Home Credit | Amsterdam, Netherlands |
| Money Tap | Bengaluru, Karnataka |
| Dhani | New Delhi – India |
| Buddy Loan | Bengaluru. |
| FlexSalary App | Hyderabad |
| Navi app | Bengaluru |
| Lazypay | Mumbai |
| Nira loan app | Bengaluru, Karnataka |
| Kreditbee | Bangalore,Karnataka |
Rating List RBI Approved Loan Apps In India
| Apps Name | Interest rate | Rating |
|---|---|---|
| Pay sense | 16% to 36% (APR) | 1.6 |
| CASHe | 2.25% per month | 1.7 |
| Mpockket | 1% to 6% per month | 3.0 |
| Money View | 1.33% Per Month | 3.7 |
| India Lends | 10.75% 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 month | 4.2 |
| Money Tap | 13 – 24.03% | 5.0 |
| Dhani | 13.99% onwards | 3.5 |
| Buddy Loan | low as 11.99% | 4.0 |
| FlexSalary App | 18% to 54% | 4.8 |
| Navi app | starting at 9.9% | 4.2 |
| Lazypay | 18% to 28% | 4.2 |
| Nira loan app | 1.67% to 2.25% | 5.0 |
| Kreditbee | 0% to 29.88% p.a | 4.8 |
Eligibility For Your Loan
| Age | 20-55 |
| Nationality | Indian |
| Income | And credit score and credit history should also be fine. |
| Must have internet banking with a banking account | |
| KYC Document | Aadhaar card PAN card must have and mobile linked to the Aadhaar card |
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.
Finova Capital: rbi approved loan apps in India
- Finova Capital is an RBI-approved non-banking financial company that provides loans to small and micro-enterprises in India. Here are some key points about Finova Capital:
- The company offers loans ranging from INR 50,000 to INR 10 lakh to micro and small businesses, as well as individuals.
- The loan application process is entirely digital, with minimal paperwork required.
- The company uses advanced technology and data analytics to assess the creditworthiness of applicants.
- Loan disbursement is fast, with funds typically being transferred to the borrower’s account within 48 hours of loan approval.
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ZestMoney: rbi approved loan apps in India
- ZestMoney is an RBI-approved fintech company that offers digital credit services to consumers in India. Here are some key points about ZestMoney:
- The company provides loans for online purchases, including consumer durables, electronics, and travel bookings.
- Loan amounts range from INR 5,000 to INR 5 lakh, with repayment periods ranging from 3 to 24 months.
- ZestMoney uses a proprietary credit-scoring algorithm to assess the creditworthiness of applicants.
- Loan approvals are fast, with funds typically being disbursed within 24 hours of approval.
Rupeelend: rbi approved loan apps in India
- Rupeelend is an best RBI-approved loan apps in India, that offers short-term personal loans to borrowers in India. Here are some key points about Rupeelend:
- The company provides loans ranging from INR 1,000 to INR 50,000, with repayment periods ranging from 3 to 12 months.
- Loan approvals are fast, with funds typically being disbursed within 24 hours of approval.
Loanfront: rbi approved loan apps in India
- Loanfront is the best RBI-approved loan apps in India, platform that provides personal loans, business loans, and other financial products to customers. The platform is known for its fast and hassle-free loan disbursal process, with loans being approved and disbursed within 24 hours of application. Here are some key features of Loanfront:
- Loanfront offers unsecured personal loans and business loans to customers with minimal documentation and eligibility criteria.
- Loan amounts range from Rs. 50,000 to Rs. 5 lakhs for personal loans and Rs. 1 lakh to Rs. 50 lakhs for business loans.
- The platform provides a repayment tenure of 3-24 months for personal loans and 6-36 months for business loans, making it easier for borrowers to repay their loans at their convenience.
Anytime Loan: rbi approved loan apps in India
- Anytime Loan is a fintech platform and best RBI-approved loan apps in India that offers personal loans to salaried individuals, self-employed professionals, and business owners. The platform is known for its instant loan disbursal process, with loans being approved and disbursed within minutes of application. Here are some key features of Anytime Loan:
- Anytime Loan offers unsecured personal loans to customers ranging from Rs. 1,000 to Rs. 50,000.
- The platform uses advanced algorithms to assess a borrower’s creditworthiness and provides instant loan approvals and disbursals to eligible customers.
- Anytime Loan offers flexible repayment options ranging from 62 days to 365 days, making it easier for borrowers to repay their loans at their convenience.
Bonn Credit: rbi approved loan apps in India
- Bonn Credit is a digital lending platform and best RBI-approved loan apps in India, that offers personal loans, business loans, and other financial products to customers. The platform is known for its easy loan application process and quick loan disbursal. Here are some key features of Bonn Credit:
- Bonn Credit offers unsecured personal loans ranging from Rs. 10,000 to Rs. 50 lakhs to customers with minimal documentation and eligibility criteria.
- The platform provides a repayment tenure of 6-60 months, making it easier for borrowers to repay their loans at their convenience.
- Bonn Credit uses advanced algorithms to assess a borrower’s creditworthiness, making it easier for customers with limited credit history to avail loans.
CreditFair: rbi approved loan apps in India
- CreditFair is the best RBI-approved loan apps in India also an online lending platform that provides quick personal loans for salaried individuals. The platform allows users to avail loans ranging from Rs. 5,000 to Rs. 1 lakh with flexible repayment options ranging from 3 to 12 months. The loan application process is entirely digital and can be completed in just a few minutes. Some of the notable features of CreditFair include:
- Instant approval: CreditFair provides instant approvals on loan applications, allowing users to receive the loan amount in their bank accounts within 24 hours.
- Competitive interest rates: The interest rates on CreditFair personal loans are competitive, making it an affordable option for borrowers.
LoanAdda: rbi approved loan apps in India
- LoanAdda is another RBI-approved online lending platform that provides personal loans, business loans, and loan against property to salaried and self-employed individuals. Some of the key features of LoanAdda include:
- Quick approval and disbursal: LoanAdda provides quick loan approvals and disbursals, ensuring that users receive the loan amount in their bank accounts within 24 hours.
- Flexible repayment options: LoanAdda offers flexible repayment options, ranging from 12 to 60 months, making it easier for borrowers to manage their finances.
LoanTap: rbi approved loan apps in India
- LoanTap is an RBI-approved digital lending platform that offers a range of loan products, including personal loans, EMI-free loans, and personal overdrafts. Some of the key features of LoanTap include:
- Customizable loans: LoanTap allows borrowers to customize their loan amount, tenure, and repayment options based on their individual needs and preferences.
- Quick approval and disbursal: LoanTap provides quick loan approvals and disbursals, ensuring that users receive the loan amount in their bank accounts within 24 hours.
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.
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).
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.
FlexSalary – rbi approved loan apps in India
FlexSalary is an instant loan offering from Vivifi India Finance Private Limited, a non-banking finance company (NBFC) registered with the Reserve Bank of India (RBI)*
FlexSalary App offers an instant loan against salary anytime with a flexible loan tenure ranging from 10 to 36 months (about 3 years). It’s a fast flexible personal loan with no fixed EMI. You can repay your loan in flexible EMIs, it requires no collateral and has no prepayment charges. The credit limit starts from Rs. 4,000 to Rs. 2,00,000. Furthermore, credit approval can be as fast as 15 minutes.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
Lendingkart:
- Lendingkart is another best RBI-approved loan apps in India and fintech company that offers business loans to small and medium enterprises (SMEs) in India. The company is registered with the RBI as an NBFC. Here are some key features of Lendingkart:
- Loan amount: Lendingkart offers business loans ranging from Rs. 50,000 to Rs. 2 crore. The loan amount is based on the borrower’s financials and credit score.
- Interest rates: The interest rates on Lendingkart loans range from 18% to 27% per annum. The rates are competitive compared to other lenders in the market.
- Repayment period: Borrowers can choose to repay their loan over a period of 1 to 36 months.
Capital float:
- Capital Float is a and best RBI-approved loan apps in India and fintech company that provides digital lending services to small and medium-sized businesses (SMBs) in India. The company is registered with the Reserve Bank of India (RBI) as a non-banking financial company (NBFC). Here are some key features of Capital Float:
- Loan amount: Capital Float offers business loans ranging from Rs. 1 lakh to Rs. 50 lakhs. The loan amount is based on the borrower’s financials and credit score.
- Interest rates: The interest rates on Capital Float loans range from 15% to 24% per annum. The rates are competitive compared to other lenders in the market.
- Repayment period: Borrowers can choose to repay their loan over a period of 3 to 36 months.
- Eligibility criteria: To be eligible for a Capital Float loan, the borrower must be a registered business with a minimum turnover of Rs. 10 lakhs per year, and have a good credit score.
ftcash:
- ftcash is best RBI-approved loan apps in India and digital payments platform that offers various financial services to small businesses in India, including loans. The platform offers quick and hassle-free loans to small businesses, with loan amounts ranging from Rs. 10,000 to Rs. 2,00,000.
- One of the unique features of ftcash is its focus on providing loans to small businesses in the unorganized sector, such as small retailers and street vendors.
- The platform uses advanced algorithms and data analytics to assess the creditworthiness of these businesses and offers loans at competitive rates.
- ftcash also offers a mobile app that allows borrowers to apply for loans, track their loan status, and make repayments.
MobiKwik:
- MobiKwik is the best RBI-approved loan apps in India digital wallet and financial services platform that offers a range of services such as mobile recharge, bill payments, and digital payments.
- The platform also offers loans to individuals and businesses in partnership with various banks and NBFCs. The loans offered include personal loans, instant loans, and credit lines.
- One of the unique features of MobiKwik is its ‘Boost’ feature, which allows users to get an instant loan approval within seconds.
- The platform also offers flexible repayment options and competitive interest rates. MobiKwik’s loan approval process is completely digital, with no physical documents required, making it a convenient option for borrowers.
StashFin: rbi approved loan apps in India
- StashFin is a leading digital lending platform that offers quick and hassle-free loans to individuals and small businesses in India.
- It is a non-banking financial company (NBFC) registered with the Reserve Bank of India (RBI) and has partnered with several banks and financial institutions to provide loans at competitive rates.
- One of the unique features of StashFin is its credit scoring system, which uses advanced algorithms and data analytics to assess an individual’s creditworthiness.
- This enables StashFin to offer loans to individuals who may not have a traditional credit history or have been rejected by other lenders.
ZipLoan: rbi approved loan apps in India
- ZipLoan is an RBI-approved digital lending platform that provides small business loans to micro and small enterprises (MSMEs) across India. The platform uses its proprietary underwriting model, ZipScore, to evaluate the creditworthiness of borrowers and offer loans at competitive interest rates.
- ZipLoan offers short-term business loans, working capital loans, machinery loans, and other types of business loans.
- The loan amount typically ranges from INR 50,000 to INR 10 lakh, and the loan tenure ranges from 12 to 24 months.
AnyTimeLoan: rbi approved loan apps in India
- AnyTimeLoan is a digital lending platform that offers personal loans to salaried individuals across India.
- The platform offers loan amounts ranging from INR 10,000 to INR 2 lakhs, with repayment tenures ranging from 3 to 24 months.
- AnyTimeLoan has been approved by the RBI to provide loans to its customers.
- AnyTimeLoan’s loan application process is entirely online, making it convenient for customers to apply for loans from the comfort of their homes.
- The platform uses advanced algorithms and machine learning to evaluate borrowers’ creditworthiness, enabling it to offer quick loan approvals and disbursals.
ZipLoan: rbi approved loan apps in India
- ZipLoan is a Delhi-based fintech startup that offers digital lending services to small and medium-sized enterprises (SMEs) across India.
- The platform provides short-term business loans of up to INR 7.5 lakhs ($10,000) to small business owners. The company has been approved by the RBI to offer loans to its customers.
- ZipLoan’s online loan application process is quick and hassle-free, requiring only basic documentation.
- The platform uses advanced algorithms and data analytics to evaluate the creditworthiness of borrowers, allowing it to offer quick loan approvals and disbursals. The loan repayment period can range from 12 to 24 months, depending on the borrower’s preference.
Shubhloan: rbi approved loan apps in India
- Shubh Loans is an RBI-approved lending platform that provides affordable and convenient financial solutions to individuals who have limited access to formal credit.
- Shubh Loans offers various types of loans, such as personal loans, business loans, and education loans, to borrowers who do not have a credit history or have a low credit score.
- No Credit Score Required: Shubh Loans offers loans to individuals who do not have a credit history or have a low credit score.
- Affordable Interest Rates: Shubh Loans offers loans at affordable interest rates, which makes it an attractive option for borrowers.
Quick Credit: rbi approved loan apps in India
- Quick Credit is an RBI-approved online lending platform that offers instant personal loans to individuals who need money for various purposes, such as medical emergencies, weddings, education, and other financial needs.
- Quick Credit provides loans up to Rs. 5 lakhs with flexible repayment tenures ranging from 3 months to 36 months. The application process is simple, and individuals can apply for a loan online through the Quick Credit website or mobile application.
- Instant Approval: Quick Credit offers instant loan approval and disbursal within 24 hours of the loan application submission.
- No Collateral Required: Quick Credit offers unsecured loans, which means that borrowers do not need to provide any collateral or security to avail of the loan.
Qbera: rbi approved loan apps in India
- Qbera is an RBI-approved online lending platform that offers personal loans, business loans, and loans against property to salaried individuals. Some of the key features of Qbera include:
- Customizable loans: Qbera allows borrowers to customize their loan amount, tenure, and repayment options based on their individual needs and preferences.
- Quick approval and disbursal: Qbera provides quick loan approvals and disbursals, ensuring that users receive the loan amount in their bank accounts within 24 hours.
- Flexible repayment options: Qbera offers flexible repayment options, ranging from 6 to 60 months, making it easier for borrowers to manage their finances.
