RBI Approved Loan Apps In India | RBI Approved and Registered Loan App List in India: Hello friends, how are you all, hope you all will be good, today’s post will be beneficial for those who want to take a loan from any online loan application.
In this post, we will share with you the complete information about RBI Registered Loan App List along with RBI Approved Loan In India.
Friends, at present there are many ways to take a personal loan, one of which is becoming very popular and this method is to take an online loan.
In online ways of taking loans, you can take Instant Loans but there are many Fake Loan apps in the market due to which the user has to face many problems.
To solve your problem, in today’s post, we will tell from which app you can take a loan and which application is RBI Approved Loan App.
What is RBI Registered Loan Apps
Before knowing about the list of all the applications issued by the Reserve Bank of India for taking loans online, it is important to know what is RBI Registered Loan Apps.
Talking about it, friends, this is a list of applications issued by the central government, which contains all kinds of information related to the loan-giving app.
If we talk in simple words when a person publishes an application on Google Play Store to give an online loan.
So for this, he has to inform the government as well as get approval from the government, similarly if any loan-giving company wants to launch its App.
So that company has to obtain a license from the Reserve Bank of India to be a Non-Banking Financial Corporation, Company.
Friends, we hope that now you have understood very well what is RBI Registered Loan Apps.
Need for RBI-Approved Loan Apps
There are many applications available for taking loans, on which you can take loans very easily, but why you should take loans only from those apps which are approved by RBI, we will talk about them below.
It has been seen for some time that the number of apps that provide online loans is continuously increasing on the Google Play Store, and many people have also taken loans from those apps.
But most of those applications were fake and they did a lot of fraud with the people who got the loan and also used their data in a wrong way by leaking it.
For this reason, many people had to bear the brunt of Financial Risk as well as Privacy Risk, keeping this in mind, the Reserve Bank of India has set some guidelines regarding the online loan app.
In relation to taking an online loan, you should not be cheated by the application or company, because of this, RBI has prepared a list of some Approved Loan Apps. “RBI Approved Loan Apps In India | RBI Approved and Registered Loan App List in India”
RBI Registered Loan App List in India 2023
Friends, now we will tell you about the RBI Registered Loan App List, which has been issued by a central bank, in which information about all loan companies is given.
If we put it in simple language, just like any person has to take approval from the government to launch any company, the same way, loan companies also get NBFC (Non-Banking Financial Company) licenses from the Reserve Bank of India. Have to take
Friends, if you understand it in simple words, then according to the 1956 Act of the Government of India, when an institution charges interest at any rate on the loan, it has to follow the instructions issued by the Reserve Bank of India.
If they do not do this, the Reserve Bank of India (RBI) can also cancel the license of that loan company.
The information about the loan list registered by the Reserve Bank of India is given below, in which you can get the name of the mobile application as well as how much loan you can get.
Information has been shared about it, which you read and understand well, then you can apply for the loan from that application accordingly.
| App Name | Credit Limit |
| credit cyl | up to 2 lakh |
| Credit bee | up to 2 lakh |
| NAVI | up to 5 lakh |
| Paysense | up to 5 lakh |
| Lazypay | up to 1 lakh |
| Stashfin | up to 5 lakh |
| Freopay | Loan up to ₹10000 |
| Dani | up to 5 lakh |
| MI | up to 2 lakh |
| Cashbean | up to ₹50000 |
| SEVERE | up to 2 lakh |
| Avail Finance | up to ₹50000 |
| Smartcoin | up to 2 lakh |
| Branch | up to ₹50000 |
| Whose | up to 2 lakh |
| Indialends | up to 2 lakh |
| Mystro Loans | up to 5 lakh |
| FlexSalary | 5000 to ₹25000 |
| DigiMoney | ₹5000 to ₹25000 |
| MoneyTap | up to ₹50000 |
| Cash | ₹1000 to 300000 |
| Fair Money Loan App | 5000 to 25000 |
| mPoked | 500 to 30000 ₹ |
| Money View | 10,000 to 500000 |
| Early Salary | 5000 to ₹50000 |
| Rufilo Loan | ₹10000 to ₹50000 |
| IBL FINANCE | up to Rs 1 lakh |
| Bajaj Finserv | ₹50000 to ₹500000 |
| IDFC Bank | 1500 to ₹50000 |
| real estate Pay | up to ₹50000 |
| Paisabazaar | ₹1000 to 10000 |
| SBI YONO | up to Rs 2 lakh |
| OneCard | up to Rs 1 lakh |
| Amazon Pay Later | up to Rs 2 lakh |
| True Balance | up to Rs 5 lakh |
| Zest Money | up to Rs 1 lakh |
| Tata Capital | up to Rs 1 lakh |
| Flipkart Pay Later | up to Rs 2 lakh |
| Tata neu Credit card (Qik EMI Card) | ₹10000 to ₹50000 |
| Ola Money pay Later | up to ₹50000 |
| ledger | up to Rs 1 lakh |
| Jupiter | up to Rs 2 lakh |
| Simply Cash | 10000 to ₹50000 |
| True Caller | up to Rs 5 lakh |
| Slice | up to Rs 1 lakh |
| Bharatpe | up to Rs 5 lakh |
| Krazybee | up to Rs 2 lakh |
| Paytm Postpaid | up to Rs 2 lakh |
| Paytm Personal Loan | up to Rs 2 lakh |
| Mobikwik | up to Rs 2 lakh |
| Rupeek App (Gold Loan) | up to Rs 1 lakh |
| Smartcoin | up to Rs 2 lakh |
| Simple Pay Later (Credit Line) | up to Rs 1 lakh |
RBI Registered Loan App Google Ratings
Friends, now we will tell you about those applications which have very good ratings on Google Play Store.
You can also take the loan on the basis of their rating. The rating of these applications is given below-
| Name Of Application | Ratings |
| Money Tab | 4.4 |
| Nira App | 4.4 |
| Money View | 4.6 |
| Pay Sense | 4.1 |
| M Pocket | 4.1 |
| Pay Me India | 4.2 |
| India Lends | 3.8 |
| Home Credit | 4.3 |
| dhani app | 3.8 |
| Whose | 4.2 |
| DigiMoney | 3.6 |
You can decide whether you should take a loan from an app or not, keeping in mind the ratings given to the application above.
Eligibility for RBI Registered Loan App
Friends, if you are thinking of taking a loan from RBI Registered Loan App, then you must have the following qualifications so that you can get a good Credit Limit-
- The applicant for the loan must be an Indian citizen.
- The minimum age of the applicant should be 21 years and the maximum age should be 60 years.
- There should be some source of income.
- Your CIBIL Score should be good.
- You should have Savings Account as well as Internet Banking.
- Your Aadhaar card should be linked to your mobile number.
- You should also know whether the app from which you want to avail of the loan is serviced in your city or not.
If you meet the above-mentioned qualifications then you can very easily take a loan from any loan application.
Documents Required for RBI Registered Loan App
If you want to take an online loan, then it is very important to have all the documents given below, only then you can apply for an online loan-
- Aadhaar Card, Voter ID Card, or any other ID proof
- PAN card
- Bank Statement
- The loan-giving app also asks for your selfie.
If you have all the documents given above, then you can easily take a loan by registering in any App. “RBI Approved Loan Apps In India | RBI Approved and Registered Loan App List in India”
How To Check RBI Registered Loan App
Friends, before taking a loan from any application, you can follow the steps given by us to know the status of the Reserve Bank of India Registered Mobile Application-
- Friends, first of all, you have to open the official website of RBI.
- After that, you will get the list of NBFC (Non-Banking Financial Companies) , on which you have to click.
- After that, you will get to see a Pdf download.
- After downloading this Pdf, open it on your mobile, after that the complete list of companies registered by the Reserve Bank of India will open in front of you, in which you get all the important information like name, address, email ID, pin code, etc. of that company.
Friends, in this way you can get information about the status of the Reserve Bank of India mobile application, and on the basis of that, you can apply for an online loan.
RBI Registered Loan App Interest Rate
Friends, now we will tell you about the interest rate of the Reserve Bank of India, as well as tell the important information related to the loan.
| Interest | In this, you may have to pay up to 36% interest |
| Processing Fees | up to 2-5% |
| Loan Assessment Fees | This fee is also charged in many loan applications. |
| Late Fees | May take up to 0.5% daily. |
| GST | GST up to 18% has to be paid on all types of Charges. |
How To Check RBI Registered Loan App (MCA.gov)
To know the registered NBFC (Non-Banking Financial Company) from the Reserve Bank of India, follow some easy steps mentioned by us which are given below-
- First of all, you have to open the official website of MCB.gov.in.
- Then a homepage will open in front of you, in this, you have to click on Mca Service.
- After that, you get the option of Master Date, click on it, and then select the option of LLP Master Data or View Company.
- After that fill in the full name of the company from which you want to take the loan and the capture code is given below.
- Then you will get complete information related to NBFC (Non-Banking Financial Company).
Friends, in this way you can get complete information about the Reserve Bank of India, and registered loan application and according to the same information, you can choose the best application for you and take a loan from it. “RBI Approved Loan Apps In India | RBI Approved and Registered Loan App List in India”