By Lal Singh Back just a few years ago, RBI warned people about some shady loan apps that were being operated from other countries and were giving loans to people, but in return, taking their personal data, and for the repayment stuff, they were even threatening people. But from that point on, people have become aware not to fall into the traps of these fake loan apps. In case you’re really in need of a loan through some app, then we’d always suggest only going with the RBI-approved one, and there are many of them in India right now. But for now, let’s get to the list of the Top 10 Trusted RBI-Approved Loan Apps in India 2025. Here we go.
1. Bajaj Finserv
One of the major names in India’s lending market that is leading our list is Bajaj Finserv. How and why? Well, first of all, it has got the experience, and then just so you know, it provides personal loans that range from ₹25,000 to ₹55 lakhs. Interest rates usually begin from 10% per year, and the repayment period can be as long as 96 months, so it can be used for either short-term needs or expensive purchases. However you like! Another good thing is that they have a big offline presence as well.
2. KreditBee
In second place, we have KreditBee, a super popular brand on social media because of how fast the processes loans. The thing that astonishes a lot of people is, however, that the whole approval process is done so rapidly that money can be with you in less than 10 minutes. The loan amount range is from ₹6,000 to ₹10 lakhs with interest rates varying between 12% and 28.5% per annum, just in case you were wondering. It is fully RBI-approved as well.
3. Navi
Navi is at number three and, in fact, is the one to be credited for the massive change in the way Indians ask for personal loans. Not a lot of people know this, but made by Flipkart co-founder Sachin Bansal, Navi has become very popular in a short period of time for its 100% digital method, without any papers or even a physical verification. The minimum amount that you can borrow is ₹10,000, and the maximum amount is ₹20 lakhs, with the interest rate being limited to around 26% per annum.
4. MoneyView
MoneyView is in the fourth position, a platform that concentrates on providing credit access in case your credit score is not good. The monetary loans available here are between ₹5,000 and ₹10 lakhs, with the interest rate being about 14% per annum at the minimum side. What differentiates MoneyView from other companies is its unconventional method of evaluating applications by utilizing income patterns and bank data, and that’s the best bit about it all.
5. PaySense
PaySense is ranked number five. The company is acclaimed for a simple and flexible loan process. PaySense gives loans from ₹5,000 to ₹5 lakhs. The company is primarily targeting the needs of salaried individuals who require quick access to funds. The interest rates are typically between 14% to 36% per annum. By borrowing the co-lending model with RBI-regulated banks, all the lending is done in a safe manner within the legal framework.
6. Fibe (Previously EarlySalary)
And then, well, once called EarlySalary, Fibe is at number six on this list with a real-time credit approach that is really fast. In fact, Fibe can be said to be the leader in its field with its ultra-quick approvals and same-day disbursals among loan offers between ₹8,000 and ₹5 lakhs. How do we know that? Well, with this one, interest rates are different for various people and the time of money, and it ranges between 12% to 30% per year. The tenure is also flexible, and one can have a 3 to 36 months.
7. BuddyLoan
At number seven, we have BuddyLoan, which is not a direct lender but rather a smart loan aggregator, pretty much. It facilitates customers by providing links with different banks that are approved by the RBI and NBFCs simultaneously. With this one, well, loans of ₹10,000 to ₹15 lakhs can be availed by you with the rates of interest that are as low as 11.99% per annum. Lending with BuddyLoan is kept hassle-free all the way through as a result of the prompt aka super fast approval and disbursal (generally within 48 hours).
8. CASHe
CASHe would be ranked eighth for its somewhat impressive method of credit evaluation. In contrast to regular loan applications, CASHe uses its unique “Social Loan Quotient (SLQ)” score to figure out the eligibility, which is a great help to those who have a very short credit history. The borrowing limits are from ₹1,000 to ₹3 lakhs, with the repayment period being 2 to 18 months. Monthly interest rates approximate 2.5% to 3%.
9. mPokket
mPokket is the ninth-best student and young earner lending app, as per the ranking. It is a perfect fit for the short-term or emergency needs, with which you can get a mini loan ranging from ₹500 to ₹50,000 with the lending app. The interest rates are from 24% to 36% per annum, and the repayment duration can be up to 12 months. The thing that really sets mPokket apart is its lower documentation requirement; most of the time, it is just a student ID and a simple KYC document.
10. Freo (formerly MoneyTap)
Freo, India’s first full-fledged credit line app, is the last on our list. And? Well, with this one, you can take a loan from ₹3,000 to ₹5 lakhs, and the interest rates are as low as 12% per annum. One of the main reasons why Freo is different is its “pay interest only on what you use” feature, that is, you are not charged for the part of the credit limit that you have not used. Plain and simple! It is fully trusted and RBI-approved, so if you’re thinking of this one, just go ahead and give it a try.
Conclusion
See, if you’re goal is to get a personal loan or anything like that through a trusted app so that you don’t get too much trouble when paying back, and the interest rate is low too, then these are the ten best options you have right now. Just go with any of these and you’ll be good for the most part.