Top 20 RBI Approved Loan Apps In India 2023

5/5 - (2 votes)
WhatsApp Group Join Now
Instagram Follow Us
YouTube Subscribe

Looking for reliable RBI Approved Loan Apps In India? Check out our comprehensive list of 20 RBI-approved loan apps, complete with eligibility criteria, required documents, and more. Find the right loan app for your needs and get the funds you need quickly and easily.

Introduction:

In today’s fast-paced world, people are in constant need of financial assistance. In India, many people do not have access to traditional banking systems. This is where loan apps come into play. Loan apps are an excellent way to get quick cash for emergencies, without having to visit a bank or fill out lengthy paperwork. However, with so many loan apps available in India, it can be difficult to know which ones are legitimate and safe. Fortunately, the Reserve Bank of India (RBI) has approved several loan apps that are safe and reliable. In this article, we will discuss 20 RBI approved loan apps in India.

Top 20 RBI Approved Loan Apps

Loan AppLoan AmountInterest RateRepayment Period
PaySenseUp to Rs. 5 lakhs16.8% – 36% per annum3 to 24 months
KreditBeeUp to Rs. 2 lakhs24% – 36% per annum62 to 90 days
MoneyTapUp to Rs. 5 lakhs1.08% – 2.03% per month2 to 36 months
EarlySalaryUp to Rs. 5 lakhs24% – 30% per annum90 days to 365 days
MoneyViewUp to Rs. 5 lakhs1.33% – 2.5% per month3 to 12 months
IndiaLendsUp to Rs. 50 lakhs10.75% – 35% per annum3 to 60 months
CASHeUp to Rs. 2 lakhs1.5% – 2.5% per month15 to 180 days
NIRAUp to Rs. 1 lakh1.5% – 2.5% per month3 to 12 months
CASHe InstantUp to Rs. 2 lakhs1.5% – 2.5% per month15 to 180 days
SmartCoinUp to Rs. 50,0002.5% per month onwards1 to 4 months
FlexSalaryUp to Rs. 2 lakhs1.5% per month onwards90 days to 365 days
LoanTapUp to Rs. 10 lakhs1.5% per month onwards6 to 60 months
RupeelendUp to Rs. 25,0000.1% per day onwards61 to 180 days
Capital FirstUp to Rs. 10 lakhs10.99% per annum onwards12 to 60 months
QberaUp to Rs. 15 lakhs11.99% per annum onwards12 to 60 months
StashFinUp to Rs. 5 lakhs11.99% per annum onwards3 to 36 months
Tata CapitalUp to Rs. 25 lakhs10.99% per annum onwards12 to 72 months
CredyUp to Rs. 1 lakh1.5% per month onwards3 to 15 months
CashBeanUp to Rs. 50,00033% per annum onwards91 to 365 days
Money in MinutesUp to Rs. 50,0000.1% per day onwards61 to 365 days

The ratings of the 20 RBI Approved loan apps in India

Loan AppRating
PaySense4.2/5
KreditBee4.3/5
MoneyTap4.1/5
EarlySalary4.1/5
MoneyView4.2/5
IndiaLends4.1/5
CASHe4.2/5
NIRA4.1/5
CASHe Instant4.2/5
SmartCoin4.1/5
FlexSalary4.0/5
LoanTap4.2/5
Rupeelend4.1/5
Capital First4.0/5
Qbera4.2/5
StashFin4.1/5
Tata Capital4.0/5
Credy4.2/5
CashBean4.2/5
Money in Minutes4.1/5

Important Document For Your Loan

Loan AppDocuments Required
PaySenseBank statement and income proof
KreditBeeIdentity proof and income proof
MoneyTapKYC documents and salary/income proof
EarlySalaryPAN card, address proof, and salary/income proof
MoneyViewPAN card and bank statement
IndiaLendsKYC documents, income proof, and bank statement
CASHePAN card, address proof, salary/income proof, and bank statement
NIRAPAN card, bank statement, and salary/income proof
CASHe InstantPAN card, address proof, salary/income proof, and bank statement
SmartCoinAadhaar card, PAN card, and bank statement
FlexSalaryPAN card, address proof, and salary/income proof
LoanTapKYC documents, salary/income proof, and bank statement
RupeelendPAN card and bank statement
Capital FirstKYC documents, income proof, and bank statement
QberaKYC documents, salary/income proof, and bank statement
StashFinKYC documents, income proof, and bank statement
Tata CapitalKYC documents, income proof, and bank statement
CredyKYC documents, salary/income proof, and bank statement
CashBeanPAN card, address proof, and income proof
Money in MinutesKYC documents and bank statement
RBI Approved Loan Apps In India
Image By: https://loan.myknowledgehunt.com/

Eligibility For Your Loan

Loan AppEligibility Criteria
PaySenseMust be a salaried employee with a minimum income of Rs. 12,000 per month
KreditBeeMust be a salaried or self-employed individual with a minimum income of Rs. 15,000 per month
MoneyTapMust be a salaried employee or self-employed with a minimum income of Rs. 20,000 per month
EarlySalaryMust be a salaried employee with a minimum income of Rs. 18,000 per month
MoneyViewMust be a salaried employee with a minimum income of Rs. 20,000 per month
IndiaLendsMust be a salaried employee or self-employed with a minimum income of Rs. 20,000 per month
CASHeMust be a salaried employee with a minimum income of Rs. 15,000 per month
NIRAMust be a salaried employee with a minimum income of Rs. 20,000 per month
CASHe InstantMust be a salaried employee with a minimum income of Rs. 15,000 per month
SmartCoinMust be a salaried employee or self-employed with a minimum income of Rs. 15,000 per month
FlexSalaryMust be a salaried employee with a minimum income of Rs. 8,000 per month
LoanTapMust be a salaried employee or self-employed with a minimum income of Rs. 30,000 per month
RupeelendMust be a salaried employee with a minimum income of Rs. 15,000 per month
Capital FirstMust be a salaried employee or self-employed with a minimum income of Rs. 20,000 per month
QberaMust be a salaried employee with a minimum income of Rs. 20,000 per month
StashFinMust be a salaried employee or self-employed with a minimum income of Rs. 15,000 per month
Tata CapitalMust be a salaried employee or self-employed with a minimum income of Rs. 20,000 per month
CredyMust be a salaried employee or self-employed with a minimum income of Rs. 15,000 per month
CashBeanMust be a salaried employee with a minimum income of Rs. 20,000 per month
Money in MinutesMust be a salaried employee with a minimum income of Rs. 15,000 per month

Top 20 RBI Approved Loan Apps List With Links

Loan AppLink
PaySensehttps://www.paysense.com
KreditBeehttps://www.kreditbee.in
MoneyTaphttps://www.moneytap.com
EarlySalaryhttps://www.earlysalary.com
MoneyViewhttps://moneyview.in
IndiaLendshttps://www.indialends.com
CASHehttps://www.cashe.co.in
NIRAhttps://nirafinance.com
CASHe Instanthttps://www.cashe.co.in
SmartCoinhttps://smartcoin.co.in
FlexSalaryhttps://www.flexsalary.com
LoanTaphttps://loantap.in
Rupeelendhttps://www.rupeelend.com
Capital Firsthttps://www.capitalfirst.com
Qberahttps://www.qbera.com
StashFinhttps://www.stashfin.com
Tata Capitalhttps://www.tatacapital.com
Credyhttps://www.credy.in
CashBeanhttps://www.cashbean.in
Money in Minuteshttps://www.moneyinminutes.in
RBI Approved Loan Apps
Image By: https://im.indiatimes.in/

PaySense

PaySense is an RBI approved loan app in India that offers personal loans of up to Rs. 5 lakhs. The app requires minimal documentation and offers a quick and easy application process. The interest rates for PaySense loans start at 16.8%, and the loan repayment period can range from 3 to 60 months.

MoneyTap

MoneyTap is another RBI approved loan app in India that offers personal loans of up to Rs. 5 lakhs. The app offers a credit line that can be used for any purpose, and the interest rates start at 13%. The repayment period for MoneyTap loans can range from 2 to 36 months.

Dhani

Dhani is an RBI approved loan app that offers personal loans of up to Rs. 15 lakhs. The app offers a quick and easy application process with minimal documentation. The interest rates for Dhani loans start at 13.99%, and the repayment period can range from 3 to 36 months.

KreditBee

KreditBee is an RBI approved loan app that offers personal loans of up to Rs. 1 lakh. The app offers a quick and easy application process with minimal documentation. The interest rates for KreditBee loans start at 1.02% per month, and the repayment period can range from 2 to 15 months.

EarlySalary

EarlySalary is an RBI approved loan app that offers personal loans of up to Rs. 5 lakhs. The app offers a credit line that can be used for any purpose, and the interest rates start at 2.5% per month. The repayment period for EarlySalary loans can range from 90 days to 365 days.

Indiabulls Dhani

Indiabulls Dhani is an RBI approved loan app that offers personal loans of up to Rs. 15 lakhs. The app offers a quick and easy application process with minimal documentation. The interest rates for Indiabulls Dhani loans start at 13.99%, and the repayment period can range from 3 to 36 months.

CASHe

CASHe is an RBI approved loan app that offers personal loans of up to Rs. 3 lakhs. The app offers a quick and easy application process with minimal documentation. The interest rates for CASHe loans start at 1.75% per month, and the repayment period can range from 15 to 180 days.

NIRA

NIRA is an RBI approved loan app that offers personal loans of up to Rs. 1 lakh. The app offers a quick and easy application process with minimal documentation. The interest rates for NIRA loans start at 1.5% per month, and the repayment period can range from 3 to 12 months.

Also Read: ChatGPT Defining Rules for DSL

MoneyView

MoneyView is an RBI approved loan app that offers personal loans of up to Rs. 5 lakhs. The app offers a quick and easy application process with minimal documentation. The interest rates for MoneyView loans start at 1.33% per month, and the repayment period can range from 3 to 24 months.

SmartCoin

SmartCoin is an RBI-approved loan app that offers personal loans of up to Rs. 50,000. The app offers a quick and easy application process with minimal documentation. The interest rates for SmartCoin loans start at 2.5% per month, and the repayment period can range from 1 to 4 months.

FlexSalary

FlexSalary is an RBI-approved loan app that offers personal loans of up to Rs. 2 lakhs. The app offers a credit line that can be used for any purpose, and the interest rates start at 1.5% per month. The repayment period for FlexSalary loans can range from 90 days to 365 days.

LoanTap

LoanTap is an RBI-approved loan app that offers personal loans of up to Rs. 10 lakhs. The app offers a credit line that can be used for any purpose, and the interest rates start at 1.5% per month. The repayment period for LoanTap loans can range from 6 to 60 months.

Rupeelend

Rupeelend is an RBI-approved loan app that offers personal loans of up to Rs. 25,000. The app offers a quick and easy application process with minimal documentation. The interest rates for Rupeelend loans start at 0.1% per day, and the repayment period can range from 61 to 180 days.

Capital First

Capital First is an RBI-approved loan app that offers personal loans of up to Rs. 10 lakhs. The app offers a quick and easy application process with minimal documentation. The interest rates for Capital First loans start at 10.99%, and the repayment period can range from 12 to 60 months.

Qbera

Qbera is an RBI-approved loan app that offers personal loans of up to Rs. 15 lakhs. The app offers a quick and easy application process with minimal documentation. The interest rates for Qbera loans start at 11.99%, and the repayment period can range from 12 to 60 months.

StashFin

StashFin is an RBI-approved loan app that offers personal loans of up to Rs. 5 lakhs. The app offers a credit line that can be used for any purpose, and the interest rates start at 11.99%. The repayment period for StashFin loans can range from 3 to 36 months.

Tata Capital

Tata Capital is an RBI-approved loan app that offers personal loans of up to Rs. 25 lakhs. The app offers a quick and easy application process with minimal documentation. The interest rates for Tata Capital loans start at 10.99%, and the repayment period can range from 12 to 72 months.

Credy

Credy is an RBI-approved loan app that offers personal loans of up to Rs. 1 lakh. The app offers a quick and easy application process with minimal documentation. The interest rates for Credy loans start at 1.5% per month, and the repayment period can range from 3 to 15 months.

CashBean

CashBean is an RBI-approved loan app that offers personal loans of up to Rs. 50,000. The app offers a quick and easy application process with minimal documentation. The interest rates for CashBean loans start at 33% per annum, and the repayment period can range from 91 to 365 days.

Money in Minutes

Money in Minutes is an RBI-approved loan app that offers personal loans of up to Rs. 50,000. The app offers a quick and easy application process with minimal documentation. The interest rates for Money in Minutes loans start at 0.1% per day, and the repayment period can range from 61 to 365 days.

Conclusion

The above-mentioned RBI-approved loan apps in India offer a variety of loan products with different features and interest rates. These loan apps have made it easier for individuals to access quick loans without having to go through the hassle of traditional banking systems.

However, it is important to remember that taking out a loan is a serious financial decision and should be done after careful consideration of one’s financial situation and ability to repay the loan. It is also important to read and understand the terms and conditions of the loan before agreeing to it.

In conclusion, RBI-approved loan apps have become a popular choice for individuals in need of quick loans due to their ease of use, minimal documentation requirements, and quick disbursal of funds. With the increasing popularity of these loan apps, it is important for individuals to exercise caution and make informed decisions when taking out loans to avoid falling into a debt trap.

Disclaimer: The information provided in this article about the RBI approved loan apps in India is for informational purposes only. We do not endorse or promote any specific loan app and we take no responsibility for any decision made by the reader to use or not use any of the loan apps mentioned in this article. It is important for readers to conduct their own research and due diligence before applying for any loan through a mobile app.

Hello Visitor, Laba here. A professional Web Developer and WordPress expert with 3+ years of experience. I have built 200+ websites in WordPress.

1 thought on “Top 20 RBI Approved Loan Apps In India 2023”

Leave a Comment

Introducing the OnePlus Nord CE 3 Lite: Price, Features, and More Android 13 Update: Faster, Smarter, and More Secure Than Ever Everything You Need to Know About MIUI 14: Features and Updates Discover the Future of AI-Powered Conversations with Chat GPT