Instant Loan Apps Run by RBI-Registered NBFCs — The Verified List

Important: the RBI does not "approve" apps — it registers NBFCs. What matters is which regulated entity stands behind an app and whether it discloses that. That's exactly what this list verifies.

KredBaba is a Lending Service Provider (LSP). We are not a lender, we never touch or hold your money, and we cannot sanction or reject a loan. What we can do is help you tell legitimate digital lenders apart from the rest.

First, an important correction to the search that probably brought you here: the RBI does not approve, certify or endorse loan apps — of any kind. What the RBI actually does is register lenders: banks and Non-Banking Financial Companies (NBFCs). Every legitimate loan app must lend either as, or on behalf of, one of these regulated entities (REs). Under the RBI's Digital Lending Directions, REs must also report the digital lending apps (DLAs) they operate or partner with to the RBI's CIMS portal, and the RBI publishes that directory while explicitly stating that publication is not an endorsement.

So instead of a mythical list of blessed apps, this page gives you the next best thing: 20 widely used apps whose stated lending partners we cross-check against the RBI's public register of NBFCs, whose Key Facts Statement (KFS) practice we review, and whose app permissions we audit.

Verification method and date: pending first manual check — every entry below carries markers until our first full manual pass is complete (list compiled 2026-08-23; see changelog).

How we verify

Every app on this list is checked against five criteria before we call it verified. Until an entry has passed a full manual pass, it stays marked ****.

RBI NBFC registry cross-check. The lender named in the app's disclosure page must appear in the RBI's published register of NBFCs on rbi.org.in, with a matching legal name and an active Certificate of Registration (CoR). Lookalike names are a classic scam pattern — we match the exact legal entity, never just the brand.
KFS availability. The app must present a Key Facts Statement — APR, total cost of credit, all fees, recovery mechanism and grievance officer — before you accept disbursal, as required by the RBI's Digital Lending Directions. No KFS shown up front = automatic fail.
Permissions audit. We install the app and record what it asks for. Need-based permissions only (camera for KYC, location where mandated). Apps that demand contact-list or photo-gallery access fail this check.
Money-flow check. Disbursal and repayment must flow directly between your bank account and the regulated entity's account — no pass-through or pool accounts of the app or any third party.
Grievance and LSP disclosure. The app must publish its grievance redressal officer's contact and its list of lending partners/LSP arrangements.

Method status: pending first manual check. Re-verification cadence and per-entry check dates will be recorded in the changelog below.

The list

mPokket

Backed by: Maybright Ventures Private Limited

Micro-ticket, salary-advance style app that started with students and now also serves young salaried professionals; tickets start very small.

Best for: A tiny first emergency loan when your credit file is thin and larger lenders won't consider you Ticket: ₹500 – ₹45,000 [VERIFY] Tenure: 61 – 120 days [VERIFY]

⚠ Per-advance fees make the annualised cost of small, short advances steep — read the KFS total cost of credit before accepting. Current lending-partner NBFC disclosure: .

Fibe (formerly EarlySalary)

Backed by: EarlySalary Services Private Limited and partner lenders [VERIFY current partner list]

Salary-advance pioneer (formerly EarlySalary) offering short-term personal loans to salaried professionals.

Best for: Salaried borrowers with bank-credited income who want mid-size tickets and flexible tenures Ticket: ₹8,000 – ₹5,00,000 [VERIFY] Tenure: 3 – 36 months [VERIFY]

⚠ Headline rates are risk-based — the KFS APR including processing fee is your real price. Confirm the current lending-partner NBFC(s) on your KFS .

CASHe

Backed by: Bhanix Finance and Investment Limited

Salaried-focused instant cash loans, underwritten partly on alternative data (its 'Social Loan Quotient').

Best for: Newer-to-credit salaried borrowers who don't clear traditional score cut-offs Ticket: ₹1,000 – ₹4,00,000 [VERIFY] Tenure: 3 – 18 months [VERIFY]

⚠ First-loan limits are usually small and tenures short, which pushes up the effective annualised cost . Stated lender of record: Bhanix Finance & Investment Ltd .

KreditBee

Backed by: Krazybee Services Private Limited and partner lenders [VERIFY current partner list]

High-volume digital lending platform serving salaried and self-employed borrowers, from starter micro-tickets to mid-size personal loans.

Best for: Borrowers with modest or thin files who need a wide acceptance funnel Ticket: ₹1,000 – ₹5,00,000 [VERIFY] Tenure: 3 – 24 months [VERIFY]

⚠ Multiple lending partners operate on the platform — your KFS names the actual NBFC lending to you. Processing fees on small tickets can be a large share of the amount borrowed .

Olyv (formerly SmartCoin)

Backed by: SmartCoin Financials Private Limited and partner lenders [VERIFY current partner list]

Formerly SmartCoin; small-ticket loans aimed at gig workers, blue-collar and new-to-credit borrowers.

Best for: Gig or informally-paid workers whom salaried-first lenders routinely decline Ticket: ₹1,000 – ₹5,00,000 [VERIFY] Tenure: 2 – 24 months [VERIFY]

⚠ Fee-inclusive cost on small tickets runs high ; verify the current lending-partner NBFC(s) named in your KFS .

StashFin

Backed by: Akara Capital Advisors Private Limited

Credit line with a linked card — get sanctioned once, then draw and repay as needed.

Best for: Recurring cash-flow gaps where re-applying for a fresh loan each time is a pain Ticket: ₹1,000 – ₹5,00,000 sanctioned line [VERIFY] Tenure: 3 – 36 months per drawdown [VERIFY]

⚠ Understand exactly when interest starts accruing (drawn vs sanctioned amount) and any card or subscription fees . Stated lender: Akara Capital Advisors .

PayMe (PayMe India)

Backed by: PayMe India Financial Services Private Limited

Salary-advance lender with employer tie-ups alongside direct-to-consumer short-term personal loans.

Best for: Salaried employees, especially where the employer has a PayMe tie-up Ticket: ₹5,000 – ₹2,00,000 [VERIFY] Tenure: 3 – 24 months [VERIFY]

⚠ Smaller brand than the top apps — confirm the NBFC of record in the RBI register, the grievance officer contact, and KFS practice before applying .

FlexSalary

Backed by: Vivifi India Finance Private Limited

Line-of-credit style salary advance from Vivifi India Finance — approve once, draw when needed, repay in flexible EMIs.

Best for: Salaried borrowers who want a standing emergency line rather than one-off loans Ticket: Up to ₹3,00,000 [VERIFY] Tenure: Revolving line; flexible EMI repayment [VERIFY]

⚠ Open-ended lines make it easy to stay perpetually in debt — track your total cost of credit, not just the monthly outgo. Vivifi India Finance is the stated NBFC .

LoanTap

Backed by: LoanTap Credit Products Private Limited [VERIFY partner list]

Mid-to-large ticket personal loans and flexi products aimed at salaried professionals.

Best for: Bigger planned expenses (₹1 lakh and up) rather than small emergency loans Ticket: ₹50,000 – ₹10,00,000 [VERIFY] Tenure: 6 – 60 months [VERIFY]

⚠ High minimum ticket — the wrong tool for a ₹10,000 shortfall. Foreclosure and flexi-product terms differ by variant; read the specific product's KFS .

Zype

Newer digital lender focused on young salaried professionals, with a fast, clean application flow.

Best for: First-time salaried borrowers who want a simple, modern app experience Ticket: ₹3,000 – ₹5,00,000 [VERIFY] Tenure: 6 – 18 months [VERIFY]

⚠ Younger brand with a shorter public track record — confirm the lending-partner NBFC on your KFS before disbursal .

True Balance

Backed by: True Credits Private Limited

Small emergency loans inside a bills-and-recharge utility app, lending via its own stated NBFC, True Credits .

Best for: Small-ticket borrowers who already use the app for recharges and bill payments Ticket: ₹5,000 – ₹2,00,000 [VERIFY] Tenure: 3 – 12 months [VERIFY]

⚠ Fee-inclusive APR on small, short loans is among the steeper on this list — read the KFS total-cost line before accepting.

Kissht

Backed by: Si Creva Capital Services Private Limited [VERIFY partner list]

Purchase-EMI heritage lender that also offers instant personal loans.

Best for: Purchase financing and mid-size personal loans in one app Ticket: ₹10,000 – ₹5,00,000 [VERIFY] Tenure: 3 – 24 months [VERIFY]

⚠ Clone and fake apps using the Kissht name have circulated — install only from the official store listing, and confirm the lender of record on your KFS .

Navi

Backed by: Navi Finserv Limited

Fully-digital lender that lends from its own book (Navi Finserv, an RBI-registered NBFC ) with some of the largest tickets on this list.

Best for: Strong-profile borrowers who want big-ticket loans at rates that reward good credit Ticket: ₹10,000 – ₹20,00,000 [VERIFY] Tenure: 3 – 72 months [VERIFY]

⚠ Advertised floor rates apply to a minority of applicants — your quoted risk-based rate can be materially higher; judge only by the KFS APR you are actually offered .

Moneyview

Backed by: Whizdm Finance Private Limited and partner banks/NBFCs [VERIFY current partner list]

Broad-acceptance personal loans via its own NBFC plus lending partners , with long tenures available.

Best for: Borrowers who want one application to reach multiple lender books Ticket: ₹5,000 – ₹10,00,000 [VERIFY] Tenure: 3 – 60 months [VERIFY]

⚠ The funding lender can differ per applicant — the NBFC named in your KFS is your actual counterparty, and fees vary by lender .

PaySense

Backed by: PayU Finance India Private Limited and partner lenders [VERIFY current partner list]

PayU-group personal loan app for salaried and self-employed borrowers.

Best for: Mid-size tickets with EMI tenures stretching up to five years Ticket: ₹5,000 – ₹5,00,000 [VERIFY] Tenure: 3 – 60 months [VERIFY]

⚠ The brand is consolidating within the PayU/LazyPay stack — product availability and app experience may shift ; confirm the lender of record on your KFS.

LazyPay

Backed by: PayU Finance India Private Limited

PayU Finance's pay-later-plus-loans app: a BNPL cycle for small spends and short-term personal loans for bigger needs.

Best for: Existing PayU/LazyPay users who want small-spend credit plus the occasional personal loan Ticket: BNPL limits from small amounts; personal loans up to ₹5,00,000 [VERIFY] Tenure: BNPL cycle ~15–30 days; loans 3 – 24 months [VERIFY]

⚠ BNPL late fees stack quickly and autopay mandates keep charging — the pay-later cycle only stays cheap if you clear it on time, every time .

Pocketly

Micro-ticket app aimed at students and young adults (18+ with completed KYC), with very small starter limits.

Best for: A very small first-time ticket for thin-file borrowers Ticket: ₹1,000 – ₹25,000 [VERIFY] Tenure: 1 – 6 months [VERIFY]

⚠ Tiny, short advances carry a very high effective annualised cost once fees are counted . Smaller brands can change lending partners — confirm the NBFC named in your KFS .

SalaryOnTime

Short-term salary-advance app for salaried borrowers, with modest ticket sizes.

Best for: Salaried borrowers bridging a few weeks to payday Ticket: ₹5,000 – ₹1,00,000 [VERIFY] Tenure: 3 – 12 months [VERIFY]

⚠ Lower-profile brand — verify the NBFC of record in the RBI register, the grievance officer contact, and the KFS before sharing any documents .

MoneyLoji

Small, short-tenure loans for salaried borrowers, with limits that grow for repeat borrowers.

Best for: Short bridge loans measured in weeks, not years Ticket: ₹5,000 – ₹50,000 [VERIFY] Tenure: 7 – 90 days [VERIFY]

⚠ Very short tenures mean fees dominate the total cost — annualised, these are expensive loans . Confirm the current lending-partner NBFC .

LendingPlate

Backed by: Unifinz Capital India Limited

Short-term personal loan brand of Unifinz Capital India Ltd, a listed, RBI-registered NBFC .

Best for: Salaried borrowers who prefer a brand that is itself the NBFC rather than a marketplace Ticket: ₹10,000 – ₹2,50,000 [VERIFY] Tenure: 3 – 12 months [VERIFY]

⚠ Newer consumer brand — check the KFS APR closely, as short-tenure pricing in this segment runs high .

Reading reviews only gets you so far — eligibility differs per person. Check your actual offers across the market in one soft pull.

Check my offers — zero CIBIL impact

Frequently asked questions

Is there an RBI list of approved loan apps?

No — no such list exists, and any site claiming to have one is misleading you. The RBI registers and supervises lenders (banks and NBFCs), not apps. It publishes a public register of NBFCs on rbi.org.in. Separately, under the Digital Lending Directions, regulated entities must report the digital lending apps (DLAs) they operate or partner with to the RBI's CIMS portal, and the RBI publishes that directory of reported DLAs — with an explicit disclaimer that inclusion is not an approval or endorsement. The right question is never 'is this app approved?' but 'which RBI-registered lender is behind this app, and is it named in my Key Facts Statement?'

How do I check whether the NBFC behind an app is genuinely RBI-registered?

Open the app's or website's lending-partner disclosure and note the lender's full legal name (not the brand name). Then search the RBI's published register of NBFCs on rbi.org.in for that exact legal name and confirm the Certificate of Registration (CoR) is active. Watch for lookalike names — scammers register near-identical company names. If an app refuses to name its lender before you apply, walk away. You can also check RBI's Sachet portal for complaints against an entity.

Will checking loan offers through KredBaba affect my CIBIL score?

Eligibility checks are typically done as a soft enquiry — zero CIBIL impact, soft pull only. But once you formally apply with a lender, that lender will usually run a hard enquiry, which is recorded on your bureau report, and the loan plus your repayment history will be reported to credit bureaus. Each lender's exact enquiry behaviour: [VERIFY]. Many hard enquiries in a short window can lower your score, so shortlist first, then apply to one or two lenders.

What is a Key Facts Statement (KFS), and why does this list insist on it?

The KFS is a standardised disclosure that RBI's Digital Lending Directions require every regulated lender to show you before disbursal: the APR (all-inclusive annualised cost), total cost of credit in rupees, every fee, the recovery mechanism, and the grievance redressal contact. It is the one document that makes lenders comparable and stops fee surprises. If an app disburses money without showing you a KFS first, that alone is a red flag serious enough to refuse the loan.

Is KredBaba a lender? Who actually gives me the loan?

No. KredBaba is a Lending Service Provider (LSP) — we help you discover and compare lenders, and we may earn a referral fee from lenders, which never changes what you pay. Your loan agreement is always directly with an RBI-registered NBFC or bank; the money is disbursed from that lender's account to yours and repaid the same way. We never hold funds, we cannot sanction or reject an application, and we cannot promise any outcome.

What should I do if a loan app harasses me or charges fees that were never disclosed?

First, complain in writing to the lender's grievance redressal officer (the KFS and the app must publish this contact) and keep the ticket number. If it isn't resolved within 30 days — or the response is unsatisfactory — escalate to the RBI Ombudsman via the RBI's Complaint Management System (cms.rbi.org.in). Report suspicious or predatory apps on RBI's Sachet portal. If there is harassment, threats, or misuse of your contacts/photos, also file a cybercrime complaint at cybercrime.gov.in or call 1930. Never delete the app before saving evidence (screenshots, call logs, the KFS).

Changelog

2026-08-23 — Initial list compiled — pending manual verification of every entry