Urgent Loan App List: If you need money and want to take a loan, then apart from the bank, you now have other ways to get an instant loan. Out of all these methods, the best way is to use the Loan Application, but always use the Loan App registered by RBI, now if you are wondering how to know which loan app is registered and which is not. In simple words, an NBFC-registered institution approved by RBI cannot commit fraud with its customers, if it does so then RBI can even cancel the license of that institution.
25+ Best RBI Registered loan app list
- Creditbee – Loan up to Rs 2 lakh
- Credzi – Loan up to Rs 2 lakh
- PaySense – Loan up to Rs 5 lakh
- NAVI – Loan up to Rs 5 lakh
- LazyPay (Credit Line + Personal Loan) – Loan up to Rs 1 lakh
- Freepay (Credit Line) – Loan up to Rs 10000
- StashFin – (Credit Line + Personal Loan) – Loan up to Rs 5 Lakh
- Cashbean – Loan up to Rs 1 lakh
- Mi Credit – Loan above Rs 5 lakh
- SmartCoin – Loan up to Rs 2 Lakh
- Branch – Loan up to Rs 50,000
- Slice (Credit Line) – Loan up to Rs 1 lakh
- Zest Money (Consumer Loan) – Loan above Rs 2 lakh
- True Balance – Loan up to Rs 50,000
- Dhani (Credit Line) Loan up to Rs 5 lakh
- Avail Finance – Loan up to Rs 50000
- NIRA – Loan up to Rs 2 lakh
- Cash Only – Loan up to Rs 2 Lakh
- Crazybee (Consumer Loan) – Loan up to Rs 2 lakh
- Paytm Personal Loan – Loan up to Rs 2 lakh
- MobiKwik (Credit Line + Consumer Loan) – Loan up to Rs 2 lakh
- True Caller – Loan up to Rs 5 lakh
- BharatPe (Business Loan) – Loan up to Rs 5 lakh
- Paytm Postpaid (Credit Line) – Loan up to Rs 1 lakh
- Simple Pay Later (Credit Line) – Loan up to Rs 1 lakh
Eligibility for RBI Registered Loan App
If you are going to use any of the loan apps given above, then definitely check your eligibility.
- Credit history must be good
- Age should be between 21 to 55
- Must have a source of income
- Here only Indians are getting loans
- Smartphone and internet for loan application
- There should also be internet banking along with a savings account.
- Mobile must be linked to Aadhaar
- Please check whether these loan apps are available in your city or not.
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Documents for RBI Registered Loan App
- Photo Identity Proof – PAN Card etc.
- Proof of Address – Aadhar Card, Voter ID Card, etc.
- Photo-Selfie from loan app
- Income source – may have to provide a bank statement
Loan interest
- Interest- You may have to pay up to 36% interest
- Processing Fee – 2 to 3%
- Loan assessment fees also have to be paid in many loan apps.
- Late fee – can be up to 0.5% per day
- GST – Up to 18% GST will have to be paid on all charges.
How to take loan from the RBI registered loan app.
- Install any of the above loan apps on your Android phone from the Google Play Store.
- Register with a mobile number or social account
- Now to do KYC, you will have to upload KYC documents along with your information.
- After some time, if you are eligible, you will get a loan offer.
- To avail of the offered loan, accept the loan agreement, for this Aadhaar OTP may be require.
- There are many loan apps where you may have to give NACH approval for loan EMI auto debit, for which you will have to use savings accounts and Internet banking.
- After approval, your loan will be credited to your savings account within some time or if you have taken a credit line loan, then you can avail it through that loan app.