Personal loan apps we checked, with RBI status
Every app we compare, checked against RBI's directory of digital lending apps, with who actually lends and the published rates and fees.
Related: How to check an app's RBI status · Low CIBIL score · Without salary slip · Debt consolidation
15 apps · RBI directory checked 2026-10-21 · rates last verified 18 Oct 2026 · how we compare
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Loan apps compared
| App | RBI directory | Interest rate | Processing fee | Amount | Apply |
|---|---|---|---|---|---|
| IDFC FIRST BANKIDFC FIRST Bank | Listedas reported by IDFC FIRST Bank Limited | From 9.99% a year | 0% to 3.5% of the loan amount + GST; the bank's pages don't agree on the exact fee, so check the Key Fact Statement | ₹50,000 to ₹15 lakh | Apply nowVia our referral partner. We may earn a commission. |
| Poonawalla FincorpPoonawalla Fincorp | Listedas reported by Poonawalla Fincorp Limited | From 9.99% a year | Up to 4% of the sanctioned amount + applicable taxes, non-refundable | ₹1 lakh to ₹50 lakh | Apply nowVia our referral partner. We may earn a commission. |
| InCred FinanceInCred | Listedas reported by InCred Financial Services Limited | 10% to 36% a year | Up to 5% of the loan amount (includes loan origination costs) + applicable taxes | ₹50,000 to ₹15 lakh | Apply nowVia our referral partner. We may earn a commission. |
| KreditbeeKreditBee | Listedas reported by KrazyBee Services Limited, Kisetsu Saison Finance (India) Private Limited | 12% to 27.5% a year | Up to 4.7% of the loan amount + GST | ₹3,000 to ₹10 lakh | Apply nowVia our referral partner. We may earn a commission. |
| FreoFreo | Listedas reported by Kisetsu Saison Finance (India) Private Limited, SMFG India Credit Company Limited | 12% to 36% a year | From 2% of the amount + GST, charged at disbursal. Freo's example loan also charges a ₹999 + GST line setup fee, paid upfront | ₹3,000 to ₹5 lakh | Apply nowVia our referral partner. We may earn a commission. |
| KisshtKissht | Listedas reported by Si Creva Capital Services Private Limited | 12% to 36% a year | 3% including GST in Kissht's example loan; no fee range is published | ₹10,000 to ₹5 lakh | Apply nowVia our referral partner. We may earn a commission. |
| lendingplatelendingplate | Listedas reported by Unifinz Capital India Ltd. | 12% to 36% a year | 1% to 5% of the loan amount + GST, deducted from the sanctioned amount (larger loans get lower fees) | ₹10,000 to ₹2.5 lakh | Apply nowVia our referral partner. We may earn a commission. |
| MoneyviewMoneyview | Listedas reported by Whizdm Finance Private Limited | 14% to 36% a year | 2% to 8% of the approved loan amount, deducted from the loan at disbursal; Moneyview doesn't say whether GST is added | ₹5,000 to ₹10 lakh | Apply nowVia our referral partner. We may earn a commission. |
| FatakPayFatakPay | Listedas reported by FDPL Finance Private Limited, Apollo Finvest (India) Ltd. | From 14.4% a year | 2% to 6% depending on the plan: 2% on FatakPrime, 5% on FatakPlus and 6% on FatakLite. FatakPay doesn't say whether GST is added. | Up to ₹5 lakh | Apply nowVia our referral partner. We may earn a commission. |
| Unity Small Finance Bank APPUnity Small Finance Bank | Listedas reported by Unity Small Finance Bank Limited | 16% to 30% a year | Up to 4% of the loan amount + GST (bank's own personal loans); up to 5% + GST for loans made through digital lending partners | ₹1 lakh to ₹5 lakh | Apply nowVia our referral partner. We may earn a commission. |
| FinnableFinnable | Listedas reported by DMI Finance Pvt Ltd., Axis Bank Limited | 16% to 30.99% a year | Up to 5% + GST, usually deducted from the loan at disbursal | Up to ₹10 lakh | Apply nowVia our referral partner. We may earn a commission. |
| Hero FinCorp Personal Loan AppHero FinCorp | Listedas reported by Hero FinCorp Limited | 17.9% to 30% a year | At least 2.5% of the loan amount + GST, deducted at disbursal; no maximum is published | ₹50,000 to ₹7 lakh | Apply nowVia our referral partner. We may earn a commission. |
| PrefrPrefr | Listedas reported by Poonawalla Fincorp Limited, SMFG India Credit Company Limited | 18% to 30% a year | 3% of the loan + 18% GST, deducted at disbursal, in Prefr's example loan; no fee schedule is published | ₹51,000 to ₹5 lakh | Apply nowVia our referral partner. We may earn a commission. |
| RingRing (Pay with Ring) | Listedas reported by Si Creva Capital Services Private Limited | Up to 36% a year | Up to 7% of the loan amount + GST on loans from Si Creva; other partner lenders set their own fees | Up to ₹5 lakh | Apply nowVia our referral partner. We may earn a commission. |
| BharatPe UPIBharatPe | Listedas reported by YES Bank Ltd. | Not published | 2.5% of the loan amount + GST in BharatPe's example loan; no fee range is published | Up to ₹15 lakh | Apply nowVia our referral partner. We may earn a commission. |
RBI directory status is from RBI's public list of digital lending apps (source), checked 2026-10-21; it's what each regulated lender reports. Ranked by the lowest published starting rate. We compare lenders available through our partner; ranking never depends on what we earn.
Related
- True Cost of a Personal Loan: Fees and APRWhat a personal loan really costs: flat vs reducing rate, processing fee and GST, APR in the Key Fact Statement, foreclosure and penal charges.
- Instant personal loansApps that say they pay out the same day
- Processing fees and foreclosure chargesWhat each lender charges, in rupees
Questions people ask
Which loan apps are RBI approved?
RBI doesn't approve apps. It publishes a directory of digital lending apps reported by regulated lenders, and 15 of the 15 apps we checked are listed there (checked 21 Oct 2026). Always confirm the lender named in the Key Fact Statement.
How do I check if a loan app is genuine?
Look the app up in RBI's directory of digital lending apps, confirm the bank or NBFC it names is regulated, and read the Key Fact Statement, which must show the lender, APR and fees. Walk away if it asks for a fee before paying out.
How can I spot a fake loan app?
Warning signs: it isn't in RBI's directory, doesn't name the lending bank or NBFC, asks for a fee before the loan is paid out, wants your contacts or photos, or gives no Key Fact Statement. Genuine loans are paid into your bank account.
What should I do if a loan app harasses me?
The lender and app must name grievance officers; complain to them first. If there's no reply in 30 days, or it's unsatisfactory, complain to the RBI Ombudsman at cms.rbi.org.in. Report unauthorised lenders on RBI's Sachet portal (sachet.rbi.org.in).
Which loan app has the lowest interest rate?
The table is ranked by lowest published starting rate. The rate you're offered depends on your credit score, income and the lender's checks, and is usually above the starting rate, so compare the APR in each Key Fact Statement.
Is a loan app the same as the lender?
Often not. Many apps arrange loans from banks or NBFCs behind them. The table shows who lends for each app, and your Key Fact Statement names the exact lender for your loan.
CreditParakh is not a bank or lender and doesn't guarantee approval. Approval is at the bank's or lender's discretion.