Our Trusted RBI-Approved Lenders

Buddy Loan is a Digital Fintech Marketplace offering convenient access to diverse loan options, allowing you to compare rates, terms, and eligibility. We guide you through the process and help you access the financial resources you require.

Buddy Loan’s network of trusted RBI-approved lenders improves your chances of securing the right personal loan.

Here are our leading RBI-Approved Lenders you can connect with on Buddy Loan:

RBI Approved Bank Lenders

1. ICICI Bank

ICICI Bank offers personal loans with interest rates starting as low as 10.50% per annum. The personal loan amount extends to a maximum of ₹50 Lakhs, with flexible repayment tenures of up to 72 months. ICICI Bank personal loan product is designed to cater to the diverse financial needs of borrowers, making it a suitable option to consider.

2. Citi Bank

Citibank offers personal loans up to ₹30 lakhs at attractive interest rates. The loan tenure ranges from 12 to 60 months. Interest rates can vary based on the applicant's credit profile, loan amount, and tenure. Citibank personal loans offer flexible repayment options and no prepayment or foreclosure charges.

3. Standard Chartered Bank

Standard Chartered offers personal loans up to ₹30 lakh with interest rates starting from 12% p.a. The bank provides a user-friendly application process and quick approval times making it a preferred choice for those seeking a reliable financing option.

4. IDFC First Bank

IDFC First Bank offers personal loans up to ₹1 crore at attractive interest rates starting from 10.49% per annum. You can enjoy the flexibility of repayment plans for up to 5 years. The bank provides a smooth and hassle-free personal loan solution that caters to your unique financial requirements.

5. State Bank of India (SBI)

SBI Personal Loan is a flexible financial solution offered by the State Bank of India. It provides personal loans for a variety of personal needs, such as medical expenses, home renovations, wedding expenses, or debt consolidation. The bank offers personal loan amounts up to ₹20 lakhs at 11% p.a.

6. Axis Bank

Axis Bank offers personal loans up to ₹15 lakhs with an interest rate starting as low as 10.25% per annum. The loan tenure can be flexible, ranging up to 5 years, allowing you to tailor the repayment plan to your lifestyle and financial needs. Axis Bank's personal loan product is designed to provide competitive interest rates, favorable term benefits, and an outstanding set of features to support your financial goals and aspirations.

7. IndusInd Bank

IndusInd Bank's Personal Loan offers a comprehensive financial solution to cater to diverse needs. The bank's interest rates for personal loans start at 10.49% per annum. You can apply for an IndusInd Bank personal loan to borrow an amount ranging from ₹30,000 to ₹50 lakhs, with a tenure ranging from 1 to 6 years.

8. AU Small Finance Bank

AU Small Finance Bank personal loan is a convenient financial solution for your short-term financial needs. You can avail of personal loans up to ₹10 lakhs. With competitive interest rates and customizable repayment terms of up to 60 months, these loans empower you to access the funds you require for personal expenses, medical emergencies, debt consolidation, or any other purpose.

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RBI Approved NBFC Lenders

1. LoanTap

LoanTap Personal Finance is a lending solution that caters to both salaried and non-salaried individuals who require quick access to funds. The interest rates on LoanTap Personal Loans range from 18% to 30% per annum (p.a.) for loan amounts between Rs. 50,000 to Rs. 10 lakh. The key features of LoanTap Personal Finance include a 100% digital application process, and no collateral or income proof requirement, making the loan process convenient and hassle-free for the borrowers.

2. Bajaj Finserv

Bajaj Finserv Personal Loan is a versatile financial solution that provides quick and hassle-free access to funds for a variety of personal needs. You can avail personal loans up to ₹40 lakhs at affordable interest rates. The repayment tenure is up to 96 months. Bajaj Finserv Personal Loan offers a convenient and reliable way to achieve your financial goals.

3. Navi

Navi Personal Loan offers a range of financial solutions to cater to your diverse needs. You can avail a loan of up to ₹20 Lakh at an attractive interest rate ranging from 9.9% to 45% per annum, with a repayment tenure of up to 72 months. With minimal documentation, you can access the desired loan amount with just a few clicks, making it a convenient and accessible option for your financial requirements.

4. PaySense

PaySense is a prominent online personal loan app that offers loans from Rs 5,000 to Rs 5 Lakhs, at interest rates of 16.8% - 27.6% p.a. The platform serves over 10 million satisfied customers with a hassle-free application and flexible EMI options. PaySense provides instant personal loans, consumer durables loans, vehicle loans, and loans for those with no credit history.

5. KreditBee

KreditBee is an inclusive instant loan provider that offers a range of loan types to cater to diverse individual needs. They provide personal loans with an interest rate of up to 2.49% per month and a processing fee of up to 6% of the loan amount. The loan repayment tenure ranges from 3 to 24 months, and the loan amount can vary from Rs. 1,000 to Rs. 1.5 Lakhs, making it a flexible and accessible solution for those seeking financial assistance.

6. Fibe

Fibe, previously known as EarlySalary, offers a quick and convenient solution for your personal loan needs. With an interest rate starting from 12% per annum, Fibe can provide you with an instant personal loan of up to Rs. 5 Lakhs, with repayment tenures of up to 2 years. The entire application process can be completed in just 2 minutes, making it a hassle-free experience for you.

7. Lendingkart

Lendingkart provides collateral-free business loans for micro, small, and medium enterprises, catering to their specific needs. It offers Working Capital Loans, MSME/SME Loans, and Business Loans for Women. The loan amount range from ₹50,000 to ₹2 Crore, with loan tenures from 1 month to 3 years, and interest rates from 12% to 46.5% per annum. Lendingkart also offers business loans at interest rates ranging from 1% to 2% per month, with a quick, equitable, and transparent application process.

8. Bhanix Finance

Bhanix Finance and Investment Limited, also known as CASHe, provides short-term personal loans to young employed individuals, with loan approval within 10 minutes. You can borrow amounts ranging from Rs 1,000 to Rs 4 lakh for a maximum duration of 1.5 years through Bhanix Finance and Investment Limited.

9. MoneyView

MoneyView offers quick and instant access to personal loans with competitive interest rates starting as low as 1.33% per month. You can borrow up to ₹5 lakh with flexible repayment options. Once approved, you can receive the loan funds within just 24 hours. MoneyView provides a convenient and fast solution for your personal financing needs.

10. MoneyTap

MoneyTap offers a convenient personal loan option with quick approval. The interest rate is 1.08% per month, and the loan amount ranges from ₹3,000 to ₹5,00,000, with a tenure of 2 to 36 months. Applicants must have a minimum monthly income of ₹30,000 to be eligible for the MoneyTap Personal Loan.

11. Upwards

Upwards offers people flexible funding to support the development of their lifestyles and enterprises. The Upwards personal loan program provides a range of loan amounts, from Rs. 20,000 to Rs. 5 Lakhs, with repayment tenures spanning 3 to 60 months (5 years). The rate of interest charged on these personal loans is 24% per annum (p.a.), allowing individuals to access the financing they need for their personal and professional growth.

12. mPokket

mPokket offers an incredible personal loan journey for students and salaried professionals in India. With loan amounts ranging from ₹500 to ₹30,000 and competitive interest rates starting at 2% per month, mPokket is a valuable option for obtaining a loan. You only need a valid bank account and a mobile device to avail a personal loan from mPokket.

13. RupeeRedee

RupeeRedee offers personal loans entirely online, starting from ₹5,000 and going up to ₹25,000. These loans are meant for short-term needs and must be repaid within 30 days. You must also be between 18-65 years old and have a minimum monthly income of ₹15,000.

14. IIFL Finance

IIFL Finance offers personal loans to help you meet your financial needs quickly. These loans range from ₹5,000 to ₹5,00,000 and come with flexible repayment terms from 3 to 42 months. The application process is convenient, allowing you to apply online through their website or app. IIFL boasts competitive interest rates, starting at 12.75% p.a.

15. Muthoot Finance

Muthoot Finance offers personal loans starting from ₹50,000 with repayment terms up to 5 years. Interest rates begin at 14% p.a. You can use the loan amount for expenses like travel, home improvement, education, medical bills, or even debt consolidation. Existing Muthoot loan customers may also be eligible for a pre-approved top-up loan.

16. Aditya Birla Finance

Aditya Birla Finance offers personal loans to salaried individuals (ages 23-60) with good credit. These unsecured loans come with fixed interest rates and flexible repayment options for up to 7 years. You can borrow amounts ranging from Rs. 50,000 to Rs. 50 lakh to cover various expenses like medical emergencies, education, or home improvement.

17. NeoGrowth

Neogrowth provides collateral-free business loans ranging from Rs. 2 lakhs to Rs. 75 lakhs for various businesses including online retailers, manufacturers, distributors, and more. They offer a variety of loan schemes like NeoCash and Accelerator, catering to different business needs. With flexible repayment terms from 6 to 24 months and competitive interest rates starting at 13%, Neogrowth can be a good option for businesses seeking financial support.

18. Loanbaba

Loanbaba offers personal loans to help you manage your finances quickly and conveniently. Their loans range from ₹1 Lakh to ₹15 Lakhs and boast competitive interest rates starting at 10.50% p.a. You can choose a repayment plan that fits your needs, with terms ranging from 1 to 7 years. The entire application process is digital, saving you time and hassle. Loanbaba works with NBFCs authorized by the RBI to ensure a secure and reliable experience.

19. InCred

InCred offers quick approvals for personal loans up to ₹3 lakhs to cover unexpected expenses like medical bills or home repairs. Interest rates starts from 16% p.a., and you can choose flexible repayment terms. The entire application process is conveniently done online in just a few minutes.

20. L&T Finance

L&T Finance offers personal loans ranging from ₹50,000 to ₹7 lakhs. Repayment is flexible, with terms from 1 to 4 years. They offer competitive interest rates starting at 12% p.a. The application process is open to both salaried and self-employed individuals, with no income proof required. You can use the funds for emergencies, weddings, medical bills, or other personal needs.

21. SmartCoin (Olyv)

SmartCoin (Olyv) offers short-term personal loans for people in the middle to lower income bracket. The loan ranges from ₹1,000 to ₹5,00,000. Repayment terms are flexible, with options from 2 to 24 months. The interest rates range from 18% to 30% p.a. on a reducing balance basis.

22. FlexiLoans

FlexiLoans offers quick and convenient short-term business loans to help you manage your business finances. They provide unsecured business loans ranging from Rs. 50,000 to Rs. 1 crore to support business growth, working capital needs, and improved cash flow. The interest rates start at a 1% p.m., and you can choose a flexible repayment plan of up to 5 years.

23. Zype

Zype Personal Loan can help you get the money you need fast! They offer loans up to ₹5 lakhs with flexible repayment terms up to 72 months, but be aware that interest rates are on the high side, ranging from 18% to 39% per annum. You can get quick loan approval through their app for a hassle-free experience. However, it's important to compare rates with other lenders before deciding on Zype.

24. Phocket

Phocket offers instant personal loans specifically for salaried individuals. To qualify, you must be over 20 years old and earn at least Rs 20,000 per month. Loan amounts range from Rs 5,000 to Rs 1 lakh and need to be repaid within 110 days in 1 to 3 installments.

25. NIRA

NIRA offers quick personal loans for salaried individuals in just 3 minutes. You can avail loan amount between ₹5,000 and ₹1 lakh to cover unexpected expenses. You can repay the loan in a flexible term of 3 to 12 months, and the interest rate starts from 24% p.a.

26. Protium

Protium offers financial solutions for a variety of borrowers, including small businesses (MSMEs), educational institutions, and individuals. Loan options range from unsecured personal loans to secured loans with collateral, and amounts start as low as ₹10,000 and go all the way up to ₹5 crore.

28. Prefr

Prefr offers loans from ₹10,000 to ₹3 lakhs for both personal and business needs. Repayment terms are flexible (6-36 months) and approvals with funding can be quick (in just 2 hours). Interest rates vary from 10-36% p.a.

29. Fatakpay

Fatakpay offers quick personal loans entirely online. You can borrow between ₹1,000 and ₹200,000 with repayment terms ranging from 3 to 24 months. However, interest rates can vary significantly, starting at 12% but reaching up to 35.95% per annum. Be sure to consider the interest rate before applying.

30. Privo

Privo offers personal loans ranging from ₹20,000 to ₹500,000. You can choose a flexible repayment plan that fits your budget, with terms from 3 to 60 months. The interest rates can vary significantly, starting from 9.99% up to 39.99% p.a.

Processing fees also depend on the loan amount, ranging from 1% to 3%.

Ready to find your perfect personal loan?

Get started by applying for a personal loan through Buddy Loan today! As a Digital Fintech Marketplace, we make the process quick and hassle-free by connecting you with trusted RBI-approved lenders to meet your financial requirements.

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