Whenever you feel the requirements of instant cash and want to search for the most trusted and reliable app you must have ideas of the top 10 RBI approved loan apps in India from where you can borrow. However, the rating and feedback of the lending apps can be decided based on the customer’s testimonials and their processing in the lending services. It is also essential to have a piece of broad information for the apps with the loan amount and lending mechanism. Therefore, to ensure this information and services, here is a list of RBI-approved loan apps that provide hassle-free loans without any physical documents and document verification.
| App Name | Loan Tenure | Interest Rate | Loan Amount | Additional Detais |
|---|---|---|---|---|
| KreditBee | 3 to 24 months | Starting at 15% p.a. | ₹1,000 to ₹3 Lakhs | Fast approval; requires minimal documents; suitable for salaried and self-employed individuals |
| Bajaj Finserv | 12 to 60 months | 11% - 18% p.a. | Up to ₹25 Lakhs | Flexible EMI options; additional services like pre-approved offers, top-ups, and minimal processing fees |
| MoneyView | 3 to 60 months | 16% - 24% p.a. | ₹10,000 to ₹5 Lakhs | Quick disbursal in 24 hours; caters to varied credit scores; entirely online process |
| StashFin | 3 to 36 months | 11.99% - 59.99% p.a. | ₹1,000 to ₹5 Lakhs | Provides instant credit line; offers free cash withdrawals and EMI options |
| Dhani | 3 to 24 months | Starting at 13.99% p.a. | Up to ₹5 Lakhs | Known for its digital healthcare membership; no physical documents required |
| IndusInd Bank | 12 to 60 months | Starting at 11.5% p.a. | Up to ₹15 Lakhs | Fast approvals for pre-existing customers; supports both salaried and self-employed individuals |
| Kotak Mahindra Bank | 12 to 48 months | Starting at 10.75% p.a. | Up to ₹25 Lakhs | Special rates for existing bank customers; no collateral needed |
| IDFC First Bank | 6 to 60 months | Starting at 10.49% p.a. | Up to ₹20 Lakhs | Quick approval; low processing fees; flexible repayment plans |
| Bank of Baroda | 12 to 84 months | Starting at 10.50% p.a. | Up to ₹10 Lakhs | Longer loan tenure options; benefits for government employees and pensioners |
| State Bank of India | 12 to 84 months | Starting at 9.60% p.a. | Up to ₹20 Lakhs | Low-interest rates for government employees; simple application process |
RBI-Approved Loan Apps in Details
1. KreditBee:
It’s a personal loan-based lending company where you can assure a loan of up to 2 lahks just after the document submission and approval of the documents. The loan application from the app is easy and the disbursal is done easily.
- Loan amount: 1000 to 2 lakh
- Documents required: Aadhar, PAN, Salary slip, Bank statement, etc.
2. Bajaj Finserve:
It’s an emerging finance company that provides a pre-approved loan based on the customer’s credit score and income.
- Loan amount: 2000 to 5 lakh.
- Documents required: PAN and Aadhar.
3. MoneyView:
It offers personal loans and other financial services such as loans for emergencies, travel loans and many more. The customer willing to apply for a personal loan can go through the app along with the document submissions.
- The loan amount can vary according to the income.
- A higher credit score will help to enhance the approval chances.
- Documents required are PAN, Aadhar and others as per the lender’s needs
4. StashFin:
It is also one of the best personal loan apps which provides instant financial support as personal loans where the customers can ensure an instant loan without any difficulties
- Loan Amount: It starts from 5000 to 2 lakhs
- Documents: PAN, Aadhar, Bank Statement and any others if required.
5. Dhani:
It offers an instant loan basically for the capital support for any small business and therefore it ensures one of the fastest loans for multiple financial needs
- Loan Amount: It depends on the customer’s financial status i.e., the transactional history, income and credit score. The customer must have all the documents and eligibility criteria to ensure the personal loan.
- Documents: PAN, Aadhar, Salary slip, Bank Statements, etc.
6. IndusInd Bank:
It has one of the best RBI-approved loan apps in India which has a keen reputation among the customers. However, you can go through their website as well for the personal loan.
- Loan Amount: Depends on the customer’s creditworthiness
- Documents: PAN, Aadhar, Salary slip, bank statement of the customers.
7. Kotak Mahindra Bank:
It is available on the Play Store where you can install the APP and apply for the loan easily. Just install the app and share the documents that will help you get the loan easily.
- Loan Amount: Based on the credit score and Income
- Documents: PAN, Aadhar, Salary Slip, Bank statements, and other as per the demand of Banks.
8. IDFC First Bank:
It’s the private banks which have fast and hassle-free services that can help you get the loan through the app easily and therefore, you can get the loan through the app easily.
Steps to Apply
- Install the Loan Application
- Enter your details
- Submit your documents, especially PAN, Aadhar, Salary slip, etc
- Get the approval and disbursal
9. Bank of Baroda:
As a reputed bank, it offers personal loans as a nationalized bank and the easy application of this company makes the borrowing easy where you can borrow as per the income and credit score.
- Loan Amount: Up to 5 laks or it may vary on the credit score and income
- Documents Required: PAN, Aadhar, Salary slip, Bank statements.
10. State Bank of India:
It has a fair and transparent loan App which is also known as YONO SBI with a hassle-free loan application and instant approval for the personal loan.
- Documents: PAN, Aadhar, Bank Statement, etc.
- Loan Amount: It is based on your income and credit score.
Steps to Apply
- Install the SBI loan APP and register your number through the OTP
- Enter your details and loan amount
- Upload your documents i.e., PAN, Aadhar, salary slip, and others as per the lender’s need
Also Read: 9 Urgent Loan Apps for Students in India
Application Process
If you are willing to apply through the rbi approved loan apps in India you must follow the steps for almost all the apps and these are
- Download the app from the Play Store.
- Register your mobile number.
- Enter all details.
- Upload your document.
- Get the approval and receive the amount in your account.
Conclusion
Getting an urgent loan becomes easy when you choose the right platform and therefore you can choose the apps from the given list. You can also choose as per your experience and reference and then apply for the personal loan easily. For using these apps you can choose the loan amount as per your eligibility. Upload your documents get the approval shortly and finally get the loan in your linked account.
