Loan app intelligence · 65 apps reviewed · Updated regularly
Verified safe: 12 of 65 apps are RBI-registered with APR ≤ 40%
We independently verify the RBI/NBFC registration of every loan app ourselves. Of 65 apps reviewed, only 12 are safe to install — verified RBI-registered lender, transparent KFS with real APR, and no contact-list scraping. Type an app name to look it up, or scroll to see the shape of the market.
Market shape
All 12 are RBI-regulated NBFCs with an APR ceiling ≤ 40%, transparent KFS, and no contact-list scraping.
65 apps shown
Lowest-APR Recommended app in each category. Same-quality safe start.
Bajaj Finserv Ltd
Established NBFC. Cleanest documentation in the category, lowest harassment-complaint share.
Clears our four Gen-Z safety filters
Tata Capital Ltd
Tata group NBFC with end-to-end digital personal loans at 11.5–23% APR.
Clears our four Gen-Z safety filters
Aditya Birla Capital Ltd
Aditya Birla Group NBFC offering personal loans up to ₹50L at 12–28% APR.
Clears our four Gen-Z safety filters
HDFC Bank Group
HDFC Bank subsidiary NBFC with branch-led personal loans up to ₹20L.
Clears our four Gen-Z safety filters
Poonawalla Fincorp Ltd
Cyrus Poonawalla group NBFC offering digital personal loans up to ₹50L.
Clears our four Gen-Z safety filters
Murugappa Group
Murugappa-group NBFC with branch + digital personal loans across India.
Clears our four Gen-Z safety filters
Muthoot Finance Ltd
Kerala-based NBFC offering gold-backed personal credit with branch-led KYC.
Clears our four Gen-Z safety filters
L&T Finance Holdings
L&T-group NBFC with digital personal loans up to ₹15L.
Clears our four Gen-Z safety filters
Piramal Enterprises
Piramal-group NBFC offering multi-product retail credit including PL.
Clears our four Gen-Z safety filters
Mahindra Group
Mahindra-group NBFC; strong rural/semi-urban consumer finance.
Clears our four Gen-Z safety filters
Navi Finserv Ltd (NBFC)
Among the cleaner large-NBFC lending apps — transparent KFS, low processing fee.
Clears our four Gen-Z safety filters
Shriram Group
Shriram-group NBFC; strong base in self-employed and Tier 2/3 lending.
Clears our four Gen-Z safety filters
Showing 12 of 65
The market, at a glance
Each dot is one app. Colour is the verdict, position is its APR ceiling on a log scale. Hover a dot to see the app name — every app is also listed below with a link to its full review.
The Fair zone is empty. No reviewed loan app in India offers an APR ceiling ≤ 14% — even the safest options sit in Elevated territory (14–36%). If you see a rate advertised below that, it's before fees, GST, and insurance.
How we score
Reviews draw from five data sources — no promotional headlines, no lender relationships.
Key Fact Statements pulled directly from each app's disclosure — the source of truth for APR, PF, and effective cost.
Every parent lender is cross-checked against RBI's registered NBFC list. If the parent isn't there, the app isn't regulated.
Play Store permissions are audited for contact-list, media, and location asks that go beyond what lending requires.
Publisher information, install counts, response cadence, and data-safety declarations feed the reputational signal.
Public borrower complaints — RBI Sachet, consumer forums, and social media — for recovery, harassment, and privacy patterns.
Reviews evolve as apps change. Spot something wrong? Email hello@sahisujhav.in.
// Regulatory context
“RBI approved” is not a badge an app earns once. It is a moving compliance bar set by RBI's Digital Lending Guidelines, the cooling-off requirement, the DPDP Act and the recovery-conduct rules. Here is the timeline we test every app in this directory against.
All disbursals and repayments must flow directly between your bank account and the regulated lender — no pass-through accounts held by the app. Every loan needs a Key Fact Statement (KFS) stating the all-in APR before you accept.
For you: If an app collects your repayment into its own wallet, or cannot show a KFS with an APR, it is operating outside the rules — regardless of what its Play Store listing claims.
Read the guidelines in plain HinglishBorrowers get a fixed window to exit a digital loan by repaying principal plus proportionate APR, with no prepayment penalty.
For you: A loan taken in panic can be unwound within the window. Apps that block cancellation or add an 'exit fee' are non-compliant.
How to use the 3-day cancellation windowConsent must be specific and revocable, and data collection must be limited to what the loan actually needs. Contacts, gallery and call logs are not needed to underwrite a loan.
For you: Contact-list scraping and photo misuse are now a data-protection breach as well as a lending violation — two separate complaint routes.
Your DPDP rights against loan appsRBI has kept removing app-layer intermediaries from the money flow and pushing full fee disclosure into the KFS, while delisting unauthorised apps from app stores.
For you: The gap between advertised 'interest' and real APR is where the cost hides. That is why every entry here is recomputed from processing fees, GST and tenure — not from the rate shown on the ad.
What the 2026 changes mean for payday borrowersContact windows, agent identification and escalation duties for the lender are being codified, so recovery behaviour becomes the lender's regulatory liability.
For you: Calls outside permitted hours, threats, or contacting your family are reportable against the NBFC named in your KFS — not just the app.
Recovery-agent rules and how to enforce them// Verify it yourself
RBI does not licence apps — it regulates the bank or NBFC lending through the app. So “RBI approved” really means: the app names a lender that appears on RBI's own register. Four checks, five minutes:
1 · Find the lender, not the brand
Open the app's Terms, KFS or website footer and note the exact registered name of the bank/NBFC funding the loan. App brand names are not lenders.
2 · Search RBI's own register
Look that name up in RBI's published list of NBFCs / banks on rbi.org.in. No match — or no lender disclosed at all — means treat the app as unauthorised.
3 · Demand the KFS before you accept
RBI's Digital Lending Guidelines require a Key Fact Statement with the all-in APR, fees and recovery-agent details up front. No KFS is itself non-compliance.
4 · Audit the permissions
Regulated digital lenders may not access your contacts, call logs, files or microphone. If the install screen asks, that alone is a red flag regardless of registration.
Every review on this page already records the parent lender and its RBI/NBFC status, plus the APR we recompute from real fees — see the full methodology.
// FAQ
We are not a lender. We are not a credit counsellor. We surface public information, run analysis on what you upload, and point you to the official channels (RBI Sachet, Cyber Crime cell). Always verify with the regulator before acting.
Grievance Officer (DPDP Act 2023, §13): privacy@sahisujhav.in · Response within 7 days.
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