
Applying for a loan through traditional methods can be an agonizing experience. Best loan apps, The endless paperwork, long waiting periods, and complex procedures leave you feeling overwhelmed and frustrated, especially when unexpected expenses arise.
Imagine facing an emergency— a best loan apps that its medical bill, a home repair, or a sudden financial obligation— and being stuck in the tedious loan application process. Each moment spent waiting for approval adds to your stress, threatening your peace of mind and financial stability when you need help the most.
Fortunately, there’s a better way! With our certified loan apps list operating under Non-Banking Financial Companies (NBFCs) and accredited by the Reserve Bank of India (RBI), you can secure instant loans without the hassle. Available for download on both Android and iOS via Google Play Store and App Store, these apps allow you to access funds quickly and efficiently— getting you back on track in no time. Don’t let financial emergencies catch you off guard; take control today with just a few taps! Explore our list of reliable best loan apps now!
Disclaimer: Safeloan simplifies your search by providing a curated list of the most popular loan disbursement apps in India. With our resource, you can confidently choose a reliable platform that suits your needs without the fear of falling into traps. Take charge of your financial future today!
List of NBFC Registered & RBI-Approved best loan apps
| App Name | Downloads | Interest Rate |
|---|---|---|
| TrueBalance | 5 Crore+ | Depending on the loan amount and tenure |
| Kreditbee | 5 Crore+ | Starts at 17% per annum |
| CASHe | 1 Crore+ | Starts at 3.71% per month |
| Navi | 5 Crore+ | Starts at 9.9% per annum |
| Money View | 5 Crore+ | Starts at 10% per annum |
| Fibe | 1 Crore+ | Starts at 2% per month |
| Kissht | 1 Crore+ | Starts at 18% per annum |
| Olyv ( Smartcoin ) | 1 Crore+ | Starts at 30% per annum |
| Tata Capital | 5 Crore+ | Starts at 10.99% per annum |
| LoanTap | 10 Lakh+ | Depending on the loan amount and tenure |
TrueBalance

- TrueBalance (Balancehero India Private Limited) is a Personal Loan and UPI Payment App. Here you may avail an online personal loan from Rs 1,000 to Rs 1,25,000 within 5-10 minutes once the loan is approved.
- As an RBI licensed lending partner, They guarantee you round-the-clock service and unwavering support. With their dedicated team ready to assist you at any time, you’ll have the confidence to make informed financial decisions without the added stress. Choose TrueBalance for reliable lending solutions that truly care about your satisfaction!
- Their personal loan offers competitive interest rates starting at just 5% per month, tailored to fit your unique risk profile.
Loan amount: Rs 1,000 to Rs 1,25,000 (personal loan)
Interest rate: Depending on loan amount and tenure
Types of loans: Instant personal loan
App rating: 4.4/5 (Google Play Store)
Kreditbee

- Kreditbee offers quick personal loan for salaried and self-employed individuals. Here you may avail an online personal loan from Rs 1,000 to Rs 5 Lakh and get credit directly in your bank account within 10 Minutes.
- With Hassle-free documentation. Their 100% online process ensures you can get your loan anytime & anywhere.
- All loan applications are approved and sanctioned by the NBFCs/Banks registered with the RBI. All details are clearly stated upfront during the Loan application.
Loan amount: Rs 10,000 to Rs 5 lakh (personal loan)
Interest rate: 17 to 29 percent p.a
Types of loans: Personal loan
App rating: 4.5/5 (Google Play Store) | 4.4/5 (App Store)
CASHe

CASHe provides Instant Personal Loan upto ₹4 lakhs to salaried individuals, with a repayment tenure of up to 1.5 years
- It includes less paperwork compared to the traditional bank loan
- The process is quick and takes just 15 to 20 minutes
- You can apply for a loan from anywhere as long as you have internet connectivity
- Quick disbursal of the loan amount once the loan is approved
- No asset showcase is required as these are unsecured loans
Loan amount: Rs 25,000 to Rs 4 lakh (personal loan)
Interest rate: 3.71 to 3.98 percent p.m
Types of loans: Personal loan, Travel loan, Car loan, Medical loan, Education loan, Marriage loan
App rating: 4.5/5 (Google Play Store) | 4.3/5 (App Store)
Navi

- Navi offers cash loan upto ₹20 Lakh with financial requirement at ZERO processing fee, ZERO foreclosure charges and flexible repayment tenures of up to 60 months.
- No heavy paperwork required – the entire process is 100% paperless. Just click on ‘Cash Loan’ on the Navi app to install the cash loan app, enter your KYC details for verification and get an instant cash loan disbursed directly to your bank account within 5 minutes.
Loan amount: Upto Rs 20 lakh
Interest rate: starts from 8.55% percent p.a
Types of loans: Personal loan, Home loan
App rating: 4.3/5 (Google Play Store) | 4.0/5 (App Store)
Money View

- With Money View, get loans up to ₹10 lakhs, without any collateral and enjoy the benefit of low interest rates of up to 39% p.a. Whether you are salaried or self-employed, Moneyview is the perfect instant loan app for you.
- Example of how Money view Personal Loan works:
✅ Loan Amount: ₹50,000
✅ Tenure: 12 months
✅ Annual Percentage Rate (APR): 22%
✅ Processing Fees (incl. GST): ₹1,750 + ₹315 GST
✅ Monthly EMI: ₹4,728
✅ Total Interest Payable: ₹4,728 x 12 months – ₹50,000 Principal = ₹6,736
✅ Disbursed Amount: ₹50,000 – ₹2,065 = ₹47,935
✅ Total Amount Payable: ₹4,728 x 12 months = ₹56,736
✅ Total Cost of the Loan: Interest Amount + Processing Fees = ₹6,736 + ₹1,750 = ₹8,486
Loan amount: Upto Rs 10 lakh
Interest rate: 10 to 39 percent p.a
Types of loans: Personal loan
App rating: 4.3/5 (Google Play Store)
Fibe

- With Fibe instant personal loan app, you can get a loan of up to ₹5 lakhs within minutes & transfer the money directly to your bank account.
● Loan amount: ₹ 5,000 – ₹5 lakhs
● Directly in bank account within 2 minutes
● Flexi repayment option from 3 to 36 months
● 100% online process – no queues, no fuss
● Minimal paperwork – just PAN, Aadhaar and bank statement
● No collateral needed
● Pay off your loan early without any penalty
Fibe Charges
● Interest: Starting from 2% per month
● Processing fee: 3 – 3.5% of loan amount
● Late payment: ₹500 or 3% (whichever is more, based on the overdue amount)
● Bounced payment: ₹500
● APR: 16.75% to 74%
● Stamp duty: 0.1% of loan amount
● Mandate rejection charges: ₹250 + GST
● Foreclosure charges: Free!
Types of loans: Personal loan
App rating: 4.5/5 (Google Play Store) | 4.5/5 (App Store)
Kissht

- Kissht is RBI licensed NBFC, providing personal loans up to ₹2,00,000. The documentation needed is minimal and the entire process starting from registration to disbursement takes an average of 5 minutes.
- The application process is 100% digital and on approval, the funds are immediately transferred to the applicant’s bank account. APR for personal loans and purchase financing varies from 18% – 36% per annum and loan tenure up to 24 months.
How to apply for Kissht persoanl loan
1. Install Kissht app
2. Register with a mobile number & accept basic permissions
3. Submit KYC documents for an instant credit check
4. Sign online loan agreements from approved NBFCs. Get instant loan approval and money is transferred to your bank account
Types of loans: Personal loan
App rating: 4.5/5 (Google Play Store)
Olyv (Smartcoin)

- With Olyv (formerly SmartCoin) you can get quick loan up to ₹5 lakh. This app provide 100% digital loans that require no documentation and are disbursed directly in your bank account within minutes.
Here’s an example on how loans from Olyv work:
Example
• Loan amount: ₹65,000
• Processing fee (3% of loan amount including 18% GST) : ₹2,301
• Total Loan amount: ₹67,301
• Interest: 3% per month
• Tenure: 9 months
• Your EMI: ₹8,349
• Total Amount to be paid: ₹ 8,349 x 9 = ₹ 75,132
• Total interest paid: ₹ 75,132 – ₹ 67,301 = ₹ 7,831
• Total cost of loan: ₹ 7,831 + ₹ 2,301 = ₹ 10,132
• APR (Annual Percentage Rate): 28.58%
Loan amount: Upto Rs 5 lakh
Interest rate: starting at 1.5% per month
Types of loans: Personal loan
App rating: 4.6/5 (Google Play Store)
Tata Capital

- TATA Capital offers loan offer from ₹5,000 to ₹10,00,000 with its trusted loan services. As a prominent app on RBI’s approved list of NBFC loan apps, TATA Capital has been relied upon by thousands of satisfied customers over the years.
- Interest rates starting at 10.99% with Flexible repayment tenures from 12 to 84 months.
Loan amount: Upto Rs 10 lakh
Interest rate: starting at 10.99% per month
Types of loans: Personal loan, Home loan. Business loan, Vehicle loan, Education loan
App rating: 4.6/5 (Google Play Store)
LoanTap

- LoanTap is your go-to money-lending app, seamlessly partnering with trusted non-banking companies to offer a variety of loans tailored to your needs. Whether it’s for medical expenses, home renovations, or unexpected bills, our quick and easy application process gets you the funds you need without the hassle.
- Their you can avail loan from Rs 10,000 to Rs 10 lakh with flexible tenure periods ranging from 6 to 60 months. With fixed interest rates tailored to your loan amount.
Example: Personal Loan for Salaried Individuals
Loan Amount: ₹1,00,000
Tenure: 36 months
Interest Rate: @18%* (reducing basis)
EMI: ₹3,615
Total Interest Payable: ₹3,615 x 36 months – ₹1,00,000 Principal = ₹30,140
Processing fee (@ 2%) = ₹2,000 + GST = ₹2,360
Disbursed Amount: ₹1,00,000 – ₹2,360 = ₹97,640
Total Amount Payable: ₹3,615 x 36 months = ₹1,30,140
Total Cost of the Loan = Interest Amount + Processing Fees = ₹30,140 + ₹2,360 = ₹32,500
Loan amount: Upto Rs 10 lakh
Interest rate: Depending on the loan amount and tenure
Types of loans: Personal loan, EMI-free loan, Medical loan, Holiday loan, Wedding loan, Rental deposit loan, Home renovation loan, Business loan, MSME loan, Invoice financing and E-Bike loan
App rating: 3.3/5 (Google Play Store)
FAQs
What are Non-Banking Financial Companies (NBFCs)?
Enter Non-Banking Financial Companies (NBFCs). These innovative financial institutions are designed to bridge the gap where traditional banks fall short. Offering loans and investment options with more flexible terms, NBFCs empower individuals and small businesses to access the funding they need without the hassle. With NBFCs, you’ll find tailored solutions that cater specifically to your unique financial situation, helping you achieve your goals with confidence.
Are there any eligibility criteria to get loans from money lending apps?
Most loan applications demand proof of income and require a mountain of documents, leaving you frustrated and discouraged. But what if there was an easier way? But loan app simplifies the entire process, allowing you to apply quickly without the usual income restrictions or endless paperwork.
What happens if I am unable to pay back the loan?
Failure to repay your loan on time leads to escalating penalties that can snowball quickly. Each missed payment not only adds to your debts but also risks legal action for ignoring the situation.