There are numerous loan apps available today, but it is crucial to choose only those registered with the Reserve Bank of India (RBI). While new loan apps appear on the app store daily, it's advisable to first apply for a personal loan through a bank. Only if the bank rejects your application should you consider using these instant loan apps.
Some RBI-registered instant loan apps include KreditBee, Navi Personal Loan, MoneyView Loan, Bajaj Personal Loan, and mPokket Personal Loan. However, the best instant loan app is one that is RBI-registered and offers the lowest interest rates and processing fees on personal loans.
