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[Instant Loan Apps] RBI Registered Loan App List 2022 In PDF

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    RBI Registered Loan App List: The Reserve Bank of India publishes a list of loan applications that are registered with them, which includes data on the lenders. In addition, the businesses receiving the loans must obtain an NBFC (non-banking financial companies from rbi) license.

    The Indian Act of 1956 states that an organization must obey the rbi’s guidelines when it assesses an interest rate for a loan. The RBI may also suspend the loan company’s license if it disobeys its issued directive. 

    RBI Registered Loan App List

    The Reserve Bank of India believes it to be in the public interest and being satisfied that to enable the Bank to regulate the financial system to the benefit of the nation and to prevent the affairs of any Systemically Important Non-Deposit Taking Non-Banking Financial Company (NBFCND-SI) and Deposit-Taking Non-Banking Financial Company from becoming a concern for the Bank (NBFC-D).

    RBI Registered Loan App List

    What Is RBI Registered Loan Apps?

    All businesses need permission from the government or regulators before doing any business. In the same way, an NBFC (Non-Banking Financial Company) cannot lend money without a license from RBI. A registered NBFC approved by the RBI can’t cheat its customers. (rbi registered loan app list pdf( rbi registered loan app list pdf) If it does, the RBI can also take away its license.

    List Of RBI Registered Apps: Best Loan Apps In India

    Loan App NameLoan Limit
    Paysenseupto 5 lakh
    NAVIupto 5 lakh
    Kreditbeeupto 2 lakh
    Kreditzyupto 2 lakh
    Lazypay (Credit Line + Personal Loan)upto 1 lakh
    Cashbeanupto 1 lakh
    Freopay (Credit Line)upto Rs. 10000
    Stashfin – (Credit Line + Personal Loan)upto 5 lakh
    MI CreditAbove 5 lakhs
    Dhani (Credit Line)upto 5 lakh
    Avail Financeupto 50,000
    NIRAupto 2 lakh
    Branchupto 50,000
    Rupeek Appupto 50 lakh
    Smartcoinupto 2 lakh
    Mobikwik (Credit Line + Consumer Loan)upto 2 lakh
    Simple Pay Later (Credit Line)upto 1 lakh
    Paytm Personal Loanupto 2 lakh
    Krazybee (Consumer Loan)upto 2 lakh
    Bharatpe (Business Loan)upto 5 lakh
    Paytm Postpaid (Credit Line)upto 1 lakh
    True Callerupo 5 lakh
    Slice (Credit Line)upto 1 lakh
    Zest Money (Consumer Loan)above 2 lakh
    True Balanceupto 50,000
    Amazon Pay Laterupto 60,000
    Flipkart Pay Laterupto 60,000
    Tata neu Credit card (Qik EMI Card)Rs. 10,000 to Rs. 150000
    Tata Capitalabove 10 lakh
    Tata Neu App (Qik Personal Loan)Rs.10000 to Rs.10,00,000
    Ola Money pay LaterRs. 1500 to Rs. 20000
    Khatabook AppRs.50000 to Rs.10,00,000
    Jupiter credit limitupto 50000
    Paisabazaar credit limitRs.50000 to Rs.10,00,000
    OneCard AppRs. 10,000 to Rs. 150000
    imobile Pay LaterRs. 20000
    SBI YONO APPRs. 15000 to Rs. 60000
    IDFC Bank Pay laterRs. 15000 to Rs. 60000
    IBL FINANCE AppRs. 5000 to Rs. 25000
    Bajaj Finserv AppRs. 50,000 to Rs. 5,00,000
    Rufilo Loan AppRs. 5000 to Rs. 25,000
    Money ViewRs.10,000 to Rs. 5,00,000
    Early SalaryRs. 8,000 to Rs. 500,000
    CASHeRs. 1,000 to Rs. 3,00,000
    Stashfin – Credit Line & LoanRs. 1,000 to Rs. 5,00,000
    mPokketRs.500 to Rs. 30,000
    FairMoney Loan AppLoan up to 2 Lakhs
    FlexSalary Instant Loan AppRs.5000 to Rs.25,000
    KreditOneRs.5000 to Rs. 25,000
    DigiMoneyRs. 5000 to Rs. 25,000
    IndialendsRs. 5,00,000
    Mystro Loans & Neo Banking appRs. 50,000
    Kissht: Instant Line of CreditRs. 10,000 to Rs. 1,00,000
    Loan application in India

    Ratings Of RBI Registered Apps

    Name of ApplicationRatings
    Money Tap4.4/5
    Paysense4.1/5
    NIRA4.4/5
    CASHe4.5/5
    Money View4.6/5
    mPokket4.1/5
    PayMe India4.2/5
    India Lends3.8/5
    Home Credit4.3/5
    Dhani3.8/5

    How to Check RBI Registered Loan Applications 2022

    Here is a step-by-step guide on how to check the list of loan applications that have been registered with the RBI online.

    • First, go to http://www.rbi.org.in, the official website of the Reserve Bank of India.
    • Click on the Non-Banking Financial Companies List on the home page.
    • You’ll find the link to the Excel or PDF file here.
    • Now, click on the Excel or PDF file, and you’ll see a list of all RBI-registered companies.

    Check this also: Get 20,000 Rupees Loan Instantly

    RBI Registered Loan apps List Pdf Download

    Click here: Download the registered Loan apps list in pdf format.

    What are the criteria for obtaining a personal loan from a Registered In India?

    Eligibility CriteriaFor Salaried For Self Employed
    Age limit18-60 years21-65 years
    Minimum Income (may vary according to a lender)Rs. 15000 per monthRs. 15 lakh per year
    Minimum Work Experience1-year minimum (6 months with current employer2 years of business stability
    CIBIL Score750 or above750 or above

    Documents Required To Apply For a Loan

    • Proof of Residence
    • Ration Card
    • Electricity bill
    • Voters’ ID card.
    • An Aadhaar card, a driver’s license, or a voter card can be used as identification.
    • License or Employers Card.
    • Latest recent bank statement
    • Passbook (where the last six months’ worth of revenue or wage is credited).
    • Last two years’ Form 16 and the most recent six-month pay stub with all deductions.
    • All property documents are copies.
    Loan application

    RBI Registered Loan App Interest Rate?

    • Interest rates could range from 12% to 36%.
    • Processing Fees: 2%–3%
    • Many loan applications additionally require payment of a loan assessment fee.
    • Charges for late payments may reach 0.5% per day.
    • GST – Gst fees of up to 18% must be paid on all charges.

    How To Apply For A Loan Through An RBI Registered Loan App?

    • On your Android device, download any of the following lending apps from the Google Play Store.
    • Sign up using a mobile phone number or another method.
    • To complete KYC, you must upload documents, including personal information.
    • You will receive a loan offer soon if you are qualified.
    • It could be necessary to have the base OTP accept the loan offer and loan agreement.
    • There are a lot of loan apps where you might have to authorize NACH for loan EMI auto debit, which requires a savings account and internet banking.
    • Your loan will be sent to your selected savings account shortly after approval, or you can use it through that loan app if you have a credit line loan.

    Best Personal Loan Apps In India 2022?

    • PaySense
    • LazyPay
    • Bajaj Finserv
    • IDFC First Bank
    • ZestMoney
    • Dhani
    • HomeCredit
    • CASHe
    • FlexSalary
    • MoneyView
    • PayMe India
    • SmartCoin
    • StashFin
    • LoanTap
    • IndiaLends
    • CashBean
    • RupeeLend
    • AnyTimeLoan
    • KreditBee
    • Fullerton India
    • EarlySalary
    • Nira
    • Credy
    • mPokket
    • MoneyTap

    Frequently Asked Questions

    Which loan apps have RBI banned?

    Aerotech, Fanclub Technologies, MoNeed, MoMo, CashFish, Kredipe, RupeeLand, and Rupee Master are some of the platforms used by Jhuria. Not for the first time this year, (rbi registered loan app list all) the RBI had PC Financial Services Pvt Ltd’s registration for its lending app Cashbean revoked in February.

    Is KreditBee registered with the RBI?

    The RBI has registered Kredit Bee, yes. Using the mobile and online software Kredit Bee, you can rapidly apply for personal loans. There is very little documentation. No restrictions on how the loan may be used, and no security is needed.

    How many illegal loan applications exist in India?

    Inconsistent addresses: A loan applicant should first verify the name of the app, its ratings, and reviews on the app store, according to a report by the Reserve Bank of India (RBI) working group on digital lending, which claims that “as many as 600 ‘illegal loan apps’ are there in several app stores for Android users in India.”

    Has the RBI approved the Dhani app?

    A non-deposit-taking NBFC registered with the Reserve Bank of India, and a wholly owned subsidiary of Dhani Services Limited is Dhani Loans and Services Limited, formerly Indiabulls Consumer Finance Limited.

    Is Kissht RBI certified?

    Si Creva Capital Services Pvt Ltd is a non-banking financial institution (NBFI) registered with the Reserve Bank of India. (rbi registered nbfc loan app list) Its business activities include providing direct personal loans to consumers and financing consumer loans for acquiring goods and services through various channels, including online, offline, and mobile.

    Can the loan app file a legal case?

    Are these lending apps legal? Unfortunately, the majority of these apps are illegal. According to current law, a lending company must be either a bank or a non-banking financial corporation (NBFC) and registered with the RBI to be allowed to lend or must otherwise possess a license under the State Money Lenders Acts.


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