Last verified: 12 October 2026 against RBI’s list of Digital Lending Apps (as on 5 October 2026), RBI’s list of registered NBFCs and CreditSea’s Google Play listing.
Short answer: Yes. CreditSea appears on RBI’s list of Digital Lending Apps (DLAs), reported by 3 RBI-regulated lenders, including Chhotaria Securities Pvt. Ltd and Gsb Finance Ltd. The lender for your loan is named in your Key Fact Statement (KFS) and on your credit report.
CreditSea at a glance
| Detail | What the official sources say |
|---|---|
| On RBI’s DLA list | Yes (checked 5 Oct 2026) |
| Lenders | Chhotaria Securities Pvt. Ltd, Gsb Finance Ltd, Meghdoot Mercantile Pvt. Ltd |
| Platforms reported to RBI | Android, iOS, Web |
| Google Play | com.creditsea.app – 10 lakh+ installs, rated 4.4 |
| Loan amount (as disclosed) | ₹5,000 to ₹2 lakh |
| APR (as disclosed) | 50% |
| Tenure (as disclosed) | 90 days to 36 months |
| Processing fee (as disclosed) | up to 5.1% + GST |
Rates are the ranges CreditSea publishes in its Play listing. Your actual rate and fees are in your Key Fact Statement (KFS); always check it before accepting.
Who is CreditSea’s lender?
CreditSea lends through 3 RBI-regulated lenders. Which one gives your loan depends on your profile; the KFS names it. Here is what RBI’s registered NBFC list shows:
| Lender | Type | RBI layer | Registered in |
|---|---|---|---|
| Chhotaria Securities Pvt. Ltd | Investment and Credit Company | Base | Kolkata |
| Gsb Finance Ltd | Investment and Credit Company | Base | Mumbai |
| Meghdoot Mercantile Pvt. Ltd | Investment and Credit Company | Base | Kolkata |
You can check any of these, or any other finance company, in our RBI-registered NBFC list.
How to check your own loan in 3 minutes
- Open your loan agreement or KFS in the app and note the lender’s name.
- Match it to the lenders above.
- Check your CIBIL or Experian report: the loan should appear under that lender’s name with the right amount.
Spot something wrong, like a loan you never took or a closed loan still showing as active? Raise it with the lender first. If it is not resolved within 30 days, you can escalate to the RBI Ombudsman at cms.rbi.org.in.
What could a CreditSea loan cost?
An illustration using the highest APR CreditSea discloses (50% a year): borrowing ₹20,000 over 12 months would mean an EMI of about ₹2,152 and total charges of about ₹5,820. Because APR already includes fees, this is a rough guide. Your actual cost is in the KFS CreditSea must show you before you accept.
Compare it with other offers using our true-cost calculator and the APR vs interest rate guide.
CreditSea discloses short tenures or a high APR. If you are repaying several app loans at once, find out in 2 minutes whether one loan could replace them – one EMI, one date, a clear total cost.
Customer care and complaints
- First step: contact CreditSea through in-app support or the grievance officer named on the lender’s website.
- Lender’s grievance officer: every RBI-regulated lender must publish one on its website.
- Not resolved in 30 days? Escalate to the RBI Integrated Ombudsman at cms.rbi.org.in.
- Harassment or fraud: report cyber fraud at cybercrime.gov.in or call 1930. See your rights against loan app harassment.
Beware of fake “CreditSea customer care” numbers on social media. Only use contacts inside the official app or website.
Apps similar to CreditSea
| App | Lender | Installs | Loan amount | APR (as disclosed) |
|---|---|---|---|---|
| IIFL Loans | Iifl Finance Ltd | 50 lakh+ | ₹3,000 to ₹30 lakh | 11.9% to 27% |
| InCred | Incred Financial Services Ltd | 50 lakh+ | – | 14% to 48% |
| GoCredit | Chhotaria Securities Pvt. Ltd | 50 lakh+ | ₹5,000 to ₹5 lakh | 18.1% to 36% |
| Quid | Incred Financial Services Ltd | 50 lakh+ | – | 12% to 36% |
| Finnable | Axis Bank Ltd | 50 lakh+ | ₹25,000 to ₹10 lakh | up to 36% |
| Tata Capital | Tata Capital Housing Finance Ltd | 50 lakh+ | ₹5,000 to ₹10 lakh | 26% |
See all 1,041 apps in our RBI loan app list, or the apps for low credit score.
Frequently asked questions
Is CreditSea RBI approved?
RBI does not “approve” apps, but regulated lenders must report the apps they use to RBI, and RBI publishes that list. CreditSea is on it, reported by Chhotaria Securities Pvt. Ltd and other lenders, as of 5 October 2026.
Is CreditSea safe to use?
Being on RBI’s list means a regulated lender is accountable for the loan. Read the KFS before you accept, borrow only what you can repay, and never share OTPs or your UPI PIN with anyone claiming to be from CreditSea.
Why does my CIBIL report show a different company name?
Because the lender, not the app, reports your loan to credit bureaus. Match the name against the lenders above.
Can I close a CreditSea loan early?
Check the prepayment terms in your KFS. Under RBI’s digital lending rules, you can also exit a new loan during its cooling-off period by repaying the principal and proportionate APR, without penalty.
Change log
| Date | Change |
|---|---|
| 12 Oct 2026 | Page created. App on RBI’s DLA list; Play listing live; lender details checked against RBI’s NBFC list (30 June 2026). |
Disclosure: FundsTiger (Gatimaan Finance Advisors Pvt. Ltd.) is a loan marketplace and lending service provider for RBI-regulated lenders. Aparampaar Finance Pvt. Ltd. (Omozing), one of those lenders, is a related party of FundsTiger. FundsTiger is not affiliated with the app or lender on this page unless stated. This page is for information only and is not financial advice.