RBI Approved NBFC Loan Apps (Complete 2025 List)

If you want to borrow safely in 2025, you need to know which loan apps are actually backed by RBI-regulated lenders. Many people download an app thinking it is “RBI approved”, but in reality, only banks and NBFCs can be approved by the Reserve Bank of India. Because of this, you can often get confused about which platforms are genuine, which ones follow the rules and which ones are risky. A clear understanding helps you avoid fraud, hidden charges and unregulated digital lenders.

Let’s explore the RBI-approved NBFC list loan app.

RBI and What ‘RBI-Approved’ Really Means for Loan Apps

In 2025, the Reserve Bank of India publicly published a comprehensive directory of authorised digital lending apps so you can check whether an app is linked to a regulated entity. Being in the RBI directory means the lending is done by a bank or an NBFC that the RBI supervises. It does not mean the marketing platform alone is separately “licensed”.

RBI Approved NBFC List Loan App

You can use this as a starting point and always verify on the RBI’s directory. Here is an NBFC loan apps list:

Note: This RBI-approved NBFC list loan app is selective and indicative. RBI’s public directory lists many more authorised NBFC-linked apps, which are 16000. You need to always confirm the lender's name shown on the RBI’s directory before you borrow.

Why Many Apps Are “Not Directly RBI Approved” But Still Safe

• RBI regulates only banks and NBFCs. It does not approve or certify consumer-facing app brands.
• Apps are just platforms. Many loan apps work as a marketing or distribution platform. The actual legal lender is the NBFC or bank behind the app.
• The RBI directory lists the lender, not the app name. So you must check the NBFC or bank’s name in the RBI directory, not the app’s brand name.
• An app can still be safe without being “RBI approved”. If the lending is done by an RBI-regulated NBFC or bank, the loan must follow RBI rules on pricing, transparency, data use, and grievance process.
• Apps do not get a separate loan licence. Only the lending partner holds the licence. The app publisher never receives an independent RBI approval.

Enforcement, Fines, and Actions Against Illegal Apps

Regulators and app stores have removed thousands of fraudulent loan apps in recent years. Google reported large-scale removals as part of anti-fraud efforts. The Banning of Unregulated Lending Activities (BULA) proposals and related actions in 2024-2025 intensified penalties and sought criminalisation of unregulated lending.

RBI and other authorities publish enforcement actions and penal orders when lenders breach rules (for example, on disclosure or unfair recovery). Consumers are instructed to collect evidence and escalate first to the lender’s grievance officer and then to the RBI.

How Can You Verify an NBFC Loan App Quickly

This checklist will help you confirm whether an app truly belongs to the RBI-approved NBFC list loan app category or not:

• Open the RBI authorised digital lending apps directory and search for the app name. Confirm the lender shown.
• Check the lender’s registration on the RBI NBFC lists. If the lender is listed, the loan is provided by a regulated entity. 
• Read the app’s terms for fees, processing charges, and prepayment rules. If details are missing, do not proceed.
• Confirm grievance contact details and escalation to RBI.
• Prefer platforms that clearly state the NBFC/bank name in the loan offer.

How My Mudra Can Help You When Checking an RBI-Approved NBFC List Loan App

My Mudra works as a channel partner that connects you with different banks and NBFCs. We help you check the NBFC loan apps list. Here you can:

• Compare lenders, check their names, and see which ones are regulated.
• You can understand documents and reduce the number of forms you need to handle.
• We guide you towards verified lenders. It lowers your chance of dealing with unsafe or unregulated loan apps.

To know more, you can check out our loan services on business loans, personal loans, and home loans.

Summing Up

When you borrow online, the real safety check is the lender behind the app. The RBI-approved NBFC list loan app approach helps you focus on the NBFC’s name, not the app’s branding. Always use RBI’s directory, confirm the registered lender and make sure the terms are clear before you apply.

Regulators are removing illegal apps, but your best protection is simple. You just need to verify the lender and use trusted and regulated channels. Platforms like My Mudra help you compare options safely and apply only through authorised banks and NBFCs, and help you choose from the RBI-approved NBFC list loan app.

Also Read:
- RBI Approved Loan Apps List (2025 – Trusted Digital Lenders)
- RBI Registered Loan Company List (2025 Updated Guide)