RBI Approved Loan Apps in India – At this time we are getting instant loans online easily. This is because of the availability of more online loan apps in India. In all of those online loan apps, some fake loan apps are here to make scams. These fake loan apps will still all your financial information and your personal data. They collect more interest rates sometimes it is more than the principal amount. So be careful when taking loans from online apps.
Why we should use RBI Approved Loan Apps in India
It is most important to use the RBI Approved Loan Apps in India. If you are using a fake loan app then it may cause you problems. In RBI-approved loan apps, there will be lower interest rates. The data we are giving to them is very safe and secure. In RBI-approved loan apps, there will be no misbehavior with you. We will not receive irritating calls and messages from the loan apps. They will message you at the time of loan repayment. We will have good customer support to contact them and know more details about them.
For the loan application process, we will submit a lot of documents to the loan apps. All data will be secure in this loan app. If you don’t pay on time it will affect your credit score only. They will not do any misbehavior with you. These are some points about why we should take a loan from the RBI-approved loan apps.
List of RBI Approved Loan Apps in India
We’re giving some of the RBI-approved loan apps listed here. These are some famous RBI-approved loan apps. Beware of Fake Loan App List Banned by the RBI. when applying loan from any app make sure you are applying from this loan apps. We have mentioned some of the apps here more number of legit apps are available in online.
| App Name | Credit Limit | Play Store Rating |
|---|---|---|
| Kreditbee | Loan up to 2 Lakhs | |
| Kreditzy | Loan up to 2 Lakhs | |
| Paysense | Loan up to 5 Lakhs | 4.3 |
| NAVI | Loan up to 5 Lakhs | 4.3 |
| Lazypay (Credit Line + Personal Loan) | Loan up to 1 Lakhs | 4.4 |
| Freopay (Credit Line) | Rs. 10000 | 4.2 |
| Stashfin – (Credit Line + Personal Loan) | Loan up to 5 Lakhs | 3.8 |
| Dhani (Credit Line) | Loan up to 5 Lakhs | 3.7 |
| NIRA | Loan up to 2 Lakhs | 4.3 |
| Branch | Loan up to Rs.50,000 | 4.4 |
| Smartcoin | Loan up to 2 Lakhs | 4.1 |
| Rupeek App (Gold Loan) | Loan up to 50 Lakhs | 4.6 |
| Simpl Pay Later (Credit Line) | Loan up to 1 Lakhs | 4.5 |
| Mobikwik (Credit Line + Consumer Loan) | Loan up to 2 Lakhs | 4.3 |
| Bharatpe (Business Loan) | Loan up to 5 Lakhs | 3.9 |
| Paytm Postpaid (Credit Line) | Loan up to 1 Lakhs | 4.5 |
| Slice (Credit Line) | Loan up to 1 Lakhs | 4.4 |
| True Balance | Up to Rs. 50,000 | 4.3 |
| Zest Money (Consumer Loan) | Above 2 Lakhs | 4.0 |
| Tata Capital Moneyfy | Above 10 Lakhs | 4.1 |
| Tata Capital : Loan App | Rs.10000 to Rs.10,00,000 | 4.0 |
| OneCard: Metal Credit Card | Rs. 10000 to Rs150,000 | 4.4 |
| Bajaj Finserv App | Rs. 50,000 to Rs. 5,00,000 | 4.6 |
| IBL : Instant Personal Loan | Rs. 5000 to Rs. 25,000 | 3.7 |
| Fibe Instant Personal Loan App | Rs. 8,000 to Rs. 500,000 | 4.4 |
| Money View: Personal Loan App | Rs.10,000 to Rs. 5,00,000 | 4.7 |
| CASHe | Rs. 1,000 to Rs. 3,00,000 | 3.7 |
| mPokket | Rs.500 to Rs. 30,000 | 4.4 |
| Stashfin – Credit Line & Loan | Rs. 1,000 to Rs. 5,00,000 | 3.8 |
| MoneyTap | Rs.1,000 to Rs. 60,000 | 4.0 |
| FairMoney | Loan up to 2 Lakhs | 3.2 |
| KreditBee | Rs.5000 to Rs. 25,000 | 4.5 |
| FlexSalary | Rs.5000 to Rs.25,000 | 4.5 |
| DigiMoney | Rs. 5000 to Rs. 25,000 | 3.6 |
| Indialends | Rs. 5,00,000 | 4.0 |
| Kissht: Instant Line of Credit | Rs. 10,000 to Rs. 1,00,000 | 4.0 |
Fake Loan Apps
In the many approval loan apps, some fake loan apps are created. We must be aware of the fake loan apps. It is more dangerous to take loans from fake loan apps. The data we are giving to apply for the loan is very sensitive. These fake loan apps will try to sell the data and misuse our data. They will irritate us with their messages and calls to repay the loan apps. The interest rate in this loan apps will be as normal. Sometimes the interest will be more than the principal amount.
Conclusion
When you are taking a loan online must take it from the RBI-approved loan apps. Don’t take loans from fake loan apps. These apps will irritate you more and take money from you. The interest in fake loan apps will be higher as compared to normal loan apps.
1 thought on “RBI Approved Loan Apps in India”