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 KarmaLife’s Google Play listing.
Short answer: Yes. KarmaLife appears on RBI’s list of Digital Lending Apps (DLAs), reported by 5 RBI-regulated lenders, including Avanti Finance Pvt. Ltd and Bhawana Capital Pvt. Ltd. The lender for your loan is named in your Key Fact Statement (KFS) and on your credit report.
KarmaLife at a glance
| Detail | What the official sources say |
|---|---|
| On RBI’s DLA list | Yes (checked 5 Oct 2026) |
| Lenders | Avanti Finance Pvt. Ltd, Bhawana Capital Pvt. Ltd, Niyogin Fintech Ltd, Resilient Finance Pvt. Ltd, Trillionloans Fintech Pvt. Ltd |
| Platforms reported to RBI | Android, Other |
| Google Play | in.onionlife.karmalife – 5 lakh+ installs |
| Loan amount (as disclosed) | – |
| APR (as disclosed) | 40.3% |
| Tenure (as disclosed) | – |
| Processing fee (as disclosed) | Not stated in the listing |
Rates are the ranges KarmaLife publishes in its Play listing. Your actual rate and fees are in your Key Fact Statement (KFS); always check it before accepting.
Who is KarmaLife’s lender?
KarmaLife lends through 5 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 |
|---|---|---|---|
| Avanti Finance Pvt. Ltd | Investment and Credit Company | Middle | Bengaluru |
| Bhawana Capital Pvt. Ltd | Investment and Credit Company | Base | Delhi |
| Niyogin Fintech Ltd | Investment and Credit Company | Base | Chennai |
| Resilient Finance Pvt. Ltd | Investment and Credit Company | Middle | Delhi |
| Trillionloans Fintech Pvt. Ltd | See lender page | – | – |
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 KarmaLife loan cost?
An illustration using the highest APR KarmaLife discloses (40.27% a year): borrowing ₹20,000 over 3 months would mean an EMI of about ₹7,119 and total charges of about ₹1,357. Because APR already includes fees, this is a rough guide. Your actual cost is in the KFS KarmaLife must show you before you accept.
Compare it with other offers using our true-cost calculator and the APR vs interest rate guide.
Comparing KarmaLife with other lenders? See which personal loan offers fit your salary and existing EMIs.
Customer care and complaints
- First step: contact KarmaLife 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 “KarmaLife customer care” numbers on social media. Only use contacts inside the official app or website.
Apps similar to KarmaLife
| App | Lender | Installs | Loan amount | APR (as disclosed) |
|---|---|---|---|---|
| Anytime Rupee | Finagle Financial Services Pvt. Ltd | 10 lakh+ | – | 191% to 242% |
| EmergencyPaisa | Suburban Finance & Investment Pvt. Ltd | 10 lakh+ | ₹10,000 to ₹1 lakh | 42.6% to 120% |
| GS Finance | G.S. Leasing & Finance Pvt. Ltd | 10 lakh+ | ₹1,000 to ₹2 lakh | 18% to 36% |
| Pocket Mitra | Jai Finance (India) Ltd | 10 lakh+ | ₹1,000 to ₹50,000 | 31.4% to 35% |
| Groww Credit | Dsp Finance Pvt. Ltd | 10 lakh+ | – | 13% to 48% |
| SuryaLoan | Raghavi Finance Ltd | 10 lakh+ | ₹5,000 to ₹1 lakh | 42.6% |
See all 1,041 apps in our RBI loan app list, or the apps for low credit score.
Frequently asked questions
Is KarmaLife RBI approved?
RBI does not “approve” apps, but regulated lenders must report the apps they use to RBI, and RBI publishes that list. KarmaLife is on it, reported by Avanti Finance Pvt. Ltd and other lenders, as of 5 October 2026.
Is KarmaLife 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 KarmaLife.
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 KarmaLife 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.