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// loan app intelligence
Loan App Reviews
Independent verdicts on Indian loan apps — true APR ranges, RBI status, permissions demanded, and recovery practices. Updated regularly.
Established NBFC. Cleanest documentation in the category, lowest harassment-complaint share.
Tata group NBFC with end-to-end digital personal loans at 11.5–23% APR.
Aditya Birla Group NBFC offering personal loans up to ₹50L at 12–28% APR.
HDFC Bank subsidiary NBFC with branch-led personal loans up to ₹20L.
Cyrus Poonawalla group NBFC offering digital personal loans up to ₹50L.
Murugappa-group NBFC with branch + digital personal loans across India.
Kerala-based NBFC offering gold-backed personal credit with branch-led KYC.
L&T-group NBFC with digital personal loans up to ₹15L.
Piramal-group NBFC offering multi-product retail credit including PL.
Mahindra-group NBFC; strong rural/semi-urban consumer finance.
Among the cleaner large-NBFC lending apps — transparent KFS, low processing fee.
Shriram-group NBFC; strong base in self-employed and Tier 2/3 lending.
Marketplace app on top of regulated NBFCs — terms vary by lender, KFS quality is good.
App-based credit line — interest only on used balance, partner-bank backed.
Credit-line product — usable, but fees + late charges escalate fast on missed cycles.
Reportedly operates without an RBI-registered NBFC partner. High APR and harassment complaints. AVOID.
PayU group personal loan product. Standard NBFC-grade compliance.
FatakPay Digital Pvt Ltd is LSP; loans up to ₹5L
Verify NBFC partner and KFS before applying. APR is above the predatory threshold (>100%).
Student/young-professional loans up to ₹45K
Lightrock-backed; serves underserved segments
RBI Reg B-13.01394; loans ₹1K-₹25K, 60-180 days, 2-3%/mo
Part of Viva Group; credit line up to ₹2L
Sister brand to KreditBee; loans ₹1K-₹2L
RBI-registered NBFC since 2018; salary advance + PL
Loans ₹1K-₹50K; tenure 91-365 days; APR up to 35%
Jai Finance NBFC; loans ₹1K-₹20K
Personal loans up to ₹2L; LSP for RK Bansal NBFC
Small consumer loan facilitator
Salaried-focused NBFC with reasonable APR for prime borrowers.
RBI-registered NBFC; iOS app developed by Kasar Credit
Established salary-advance brand backed by regulated NBFCs; transparent KFS.
Loans ₹10K-₹2L for salaried with ₹40K+ income
Verify NBFC partner; small platform
LSP only; not a direct lender
Regulated NBFC, but fees + GST push real APR well above the headline rate.
Pay-later that auto-converts to loan if you miss the bill — convenience comes at a cost.
Salary-advance app on a licensed NBFC — APR is steep for short tenures.
Licensed NBFC, but high fees + short tenures push effective APR into predatory territory.
Merchant pay-later that has shrunk after RBI's 2022 DLG; check current lender chain before using.
Pattern-matches the predatory short-tenure loan apps RBI keeps flagging — avoid.
Loans against securities/MFs/shares; ₹15K-₹1Cr
Salary advance via Kisga NBFC
Loans ₹10K-₹1.2L, 61-365 days, 35% APR cap
Small NBFC; verify directly with RBI
Loan aggregator; not a direct lender
LSP for Meghdoot Mercantile NBFC
Brand of Suburban Finance NBFC
Small platform; verify carefully
Small lending platform; verify NBFC partner
Loans up to ₹3L; instant approval
SME and salary-advance NBFC
LSP for AVA Finance NBFC
Small platform; verify NBFC partner before applying
No mobile app; warns about apps copying their name
DSA/agency model; not a lender
Small lending platform
Salary advance LSP
Online-only NBFC; no app per their advisory
Tycoon Credit also linked to other suspect platforms; verify carefully
Methodology
Reviews are based on KFS data, Play Store disclosures, RBI's NBFC list, app permission audits, and reported user complaints. APR ranges are observed market values, not promotional headlines. Submit a correction via hello@sahisujhav.in.
// FAQ
Loan apps — questions readers ask before installing
- Open the RBI website's 'List of NBFCs' and search the parent lender's exact registered name (not the app brand). If the parent is a regulated NBFC or a bank, the app is RBI-supervised. If you cannot find the parent — or the app refuses to disclose the parent — it is almost certainly unauthorised. Every review on SahiSujhav lists the parent lender and its RBI status.