There sure are a lot of loan apps on the Google Play store and other app stores, but did you know that most of them aren’t actually very well-regulated? Yes, recently, RBI even released a list of the untrusted and non-approval loan apps in India. Usually, though, these fake or kinda shady loan apps target housewives and younger demographic who don’t have a job yet. But you don’t need to worry about any of that, today, we will be sharing the list of the top 10 RBI-approved loan apps in India as of 2025. So, here we go.
1. KreditBee
First of all, for those of you who don’t know yet, well, KreditBee started as a micro-loan provider and became one of India’s most trusted instant loan apps, and you must have seen online ads regarding this app, correct? Well, in our as well as experts’ opinion, this sure is a perfect choice for salaried people and business-minded hustlers, no matter if you’re young. Just to give you an idea of how much loan amount you can get, you see, here, loans range from ₹1,000 to ₹5 lakhs with tenures of 3 to 24 months. What about interest rates then? Starts at 15% annually. Pretty reasonable! And lastly, yes, it is an RBI-approved NBFC partner, and it’s super safe as well.
2. MoneyView
But what if you have got a credit score that’s all over the place, or maybe you do not have any credit score just yet? Well, in such cases, a lot of apps try to scam you or play tricks on you with their shady and high interest rates. In reality, you don’t even need to mess with those, just get to know about MoneyView a little more. You see, with this one, you can borrow ₹10,000 to ₹5 lakhs for 3 to 60 months, and that’s just pure impressive. As far as the interest rate goes, well, that starts at 16% per year, and the process is super quick.
3. StashFin
Third on the list had to be StashFi, and you’ll come to realize why exactly. Well, first of all, with this one, you can easily borrow from ₹1,000 to ₹5 lakhs at interest rates as low as 11.99%, which is an insanely good thing in itself. But another great thing is that with StashFin, you actually end up paying interest only on what you actually use. And then there is the fact that repayment can stretch up to 36 months.
4. Bajaj Finserv
Alright, this has to be one of the most trusted and popular names on this list, and many of you have a pretty good idea of that already, correct? All in all, we’d just say that if you’re in need of something big, then sure enough, Bajaj Finserv is the go-to. As for some technical details here, you see, they offer loans up to ₹25 lakhs with tenures of 12 to 60 months. And yes, they aren’t here to rip you off financially, that’s because their interest starts at just 11%.
5. Dhani
5th on the list is Dhani, which again is a super popular name in the online world and you may have seen their ads already. Just so you know though, with this RBI-approved loan app, you can borrow up to ₹5 lakhs for 3 to 24 months. The interest rates are pretty reasonable too, you know, just around 13.99%. One thing is pretty special though, they’re completely paperless.
6. IndusInd Bank Loan App
Already an IndusInd Bank customer? Lucky you! Well, that’s because in that case, you can already apply for a loan of up to ₹15 lakhs, with tenures of 12 to 60 months without needing to rely on any other shady loan app out there. Since you’re already their customer, the bank would have a good idea about your credit history, and that’ll just make this much easier for you. With this one though, interest rates are just 11.5% annually.
7. Kotak Mahindra Bank Loan App
Next on the list, if you’re a Kotak customer, well, this one’s for you. What is so special here though? Just to begin with, you see, with interest rates starting at 10.75%, you can borrow up to ₹25 lakhs, and those are pretty impressive numbers right there. Keep in mind that tenures are between 12 and 48 months. So, if you don’t want to deal with third-party loan apps, and you’re already a Kotak Mahindra Bank customer, then just go for it.
8. IDFC First Bank Loan App
To start with, you see, it is the low fees and simple processes that make IDFC First Bank a standout, that’s for sure. With this one though, you can easily borrow up to ₹20 lakhs for 6 to 60 months. There is not much to add here, just keep in mind that interest rates start at just 10.49%. That’s all.
9. Bank of Baroda Loan App
Alright, next on the list, are government employees and pensioners, pay attention! Why? Well, here is the Bank of Baroda that offers loans up to ₹10 lakhs with tenures extending to 84 months, that’s precisely why! And the interest rates are pretty impressive too, you know, as low as 10.5%.
10. YONO SBI (State Bank of India)
Last on the list, probably one of the biggest names of this list is here, and yes, we’re talking about State Bank Of India. With their YONO app, you can actually apply for personal loans and other types of loans as well. So, if you really are a customer of SBI, then you should not even be looking at other options. With them, you can borrow up to ₹20 lakhs with repayment terms of up to 84 months. Lastly, interest starts at just 9.6%, making it one of the most affordable choices.
Conclusion
All in all, in a way, you can trust these RBI-approved loan apps that they will not harass you in the case when you default on your loan, though legal action can be taken against you in such a case. Go with these loan app options, and you’ll be good for the most part.