7+ Best RBI Approved Loan Apps in 2023

7+ Best RBI Approved Loan Apps in 2023

If you search for a loan application, you will get tons of apps on the Google Play store. But these are all not-trusted apps.  There are lots of fake loan apps available in the market.

Before applying, you should know the trusted loan application. We are here with 7+ best RBI-approved loan apps in 2023.

These applications are trusted brands & you may get a hassle-free loan.

The 7+ Best RBI Approved Loan Apps in 2023

Loan ApplicationInterest RateLoan Amount
Money View 1.33% per monthUp To Rs. 5 lakh
Home Credit2% per monthUp To Rs. 5 lakh
Navi9.9% to 45% p.a.Up To Rs. 20 lakh
Kreditbee 0% to 29.88% p.aUp To Rs. 4 lakh
Lazypay 18% to 24% p.a.Up To Rs. 5 lakh
CASHe 2.25% per monthUp To Rs. 4 lakh
Faircent12% to 28% p.a.Up To Rs. 5 lakh

1. Money View

Money View is a digital personal loan application. This is RBI approved trusted loan provider company. Applicants may get up to Rs. 5 lakhs instant loan without verification.

The loan application process is simple. It will take a maximum of 30 minutes to get the money. You have to pay a 1.33% interest rate per annum.

Features of Money View

  • Quick loan disbursement
  • Get a loan without verification
  • The loan amount is up to 5 lakh
  • Lower interest rate
  • RBI approved the loan application

2. Home Credit

Home Credit provides up to Rs. 5 lakh instant loans. The money will be credited to your account within 24 hours. This application is RBI registered NBFC company.

The applicant’s age should be 19 to 68 years required to get the loan. The interest rate is 2% per month. You will get a higher loan tenure from 9 to 51 months.

Features of Home Credit

  • Get the flexible loan tenure
  • Affordable interest rates available
  • RBI registered NBFC company
  • Collateral-free loan process
  • No other extra charges

Also Read: 10+ Best Loan Apps for Low Credit Scores

3. Navi

I think you heard about Navi. Navi is a famous lender. This application gives you up to Rs. 20 lakhs instant loan. The applicant will get the loan within 24 hours. The applicant age is required 21 to 65 years to be eligible for a loan.

The interest rate is 9.9% to 45% per annum. This is a collateral-free loan.

Features of Navi Loan

  • Digital loan process
  • The loan tenure is 3 to 72 months
  • The interest rate is suitable
  • Fast loan approval
  • The documentation process is simple

4. Kreditbee

Kreditbee is a RBI registered lender. This is a popular application on the Google Play Store. You may get a loan from Rs. 1,000 to Rs. 4 lakhs through Kreditbee.

The loan repayment tenure is 3 to 15 months. Kreditbee takes processing charges up to 5% of the loan amount. The interest rate is 0% to 29.88% per annum.

Features of Kreditbee

  • The loan will disburse within 30 minutes
  • Minimal KYC documents required
  • Get a loan without income proof
  • The higher loan amount of up to 4 lakh

5. LazyPay

LazyPay provides up to 5 lakh xpress cash loans. This loan is available based on your credit history. This instant loan is available for everyone. The LazyPay loan interest rate is 18% to 24% per annum.

Applicant age is between 19 to 62 years required. No income proof is required to get the loan.

Features of LazyPay

  • Loan disbursement time is 30 mint.
  • Flexible loan repayment tenure
  • No income proof required
  • KYC documents required

6. CASHe

CASHe provides the loan to join a trusted RBI-registered NBFC company. If you have a zero credit score, you can also apply for a CASHe loan. The applicant’s age should be 23 to 58 years required to apply for a CASHe loan.

You may get up to Rs. 4 lakh loan through CASHe with 90 to 540 days repayment tenure. CASHe provides an interest rate of 2.25% per month.

Features of CASHe

  • Higher repayment tenure
  • The processing charge is minimal
  • AI-based loan eligibility features
  • Flexible interest rate

7. Faircent

Faircent is a peer-to-peer RBI register company. Applicants may get up to Rs. 5 lakh instant loans. Faircent is offering an interest rate of 12% to 28% p.a. You may pay the loan from 6 to 36 months tenure.

This loan is available for self and salaried persons only. The digital loan application process is provided by Faircent.

Features of Faircent

  • Digital loan process
  • Instant loan disburse
  • Less documentation
  • Not required to visit brunch
  • RBI registered NBFC

Also Read: Personal Loan for minimum salary 14,000


So, here are the 7 best RBI-approved loan applications. You can fully trust these lenders. Before applying, you should read the eligibility criteria. This will help to get a lower rejection. You may apply for these lenders with your smartphone. Just keep your KYC documents in front.

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