Is KarmaLife Loan App Safe? RBI DLA Directory Verdict
Directory checked 2026-09-01
- ✅ Listed in RBI's DLA directory as “KarmaLife”
- 🏛️ Deployed by: 4 regulated entities (see below)
- 📧 Grievance officer: info@bhawanafinance.com
- 🛡️ Complaint route: RBI CMS portal (free)
🔍 KarmaLife — What RBI's DLA Directory Records
| Regulated entity | BHAWANA CAPITAL PVT LTD (FORMERLY BHAWANA SECURITIES & FINANCIAL SERVICES LTD) (NBFC) |
| Entity website | https://www.bhawanafinance.com/ |
| Grievance officer | Manoj Aggarwal |
| Grievance contact | info@bhawanafinance.com · 1246687879 |
| Regulated entity | NIYOGIN FINTECH LIMITED (NBFC) |
| Entity website | https://niyogin.com/ |
| Grievance officer | ?Tanuja BM |
| Grievance contact | ?grievance@karmalife.ai · 919355598772 |
| Regulated entity | RESILIENT FINANCE PRIVATE LIMITED (EARLIER KNOWN AS TRILLIONLOANS FINTECH PRIVATE LIMITED) (NBFC) |
| Entity website | https://www.bharatpecapital.com/ |
| Grievance officer | Tanuja BM |
| Grievance contact | grievance@karmalife.ai · 9355598772 |
| Regulated entity | TRILLIONLOANS FINTECH PRIVATE LIMITED (NBFC) |
| Entity website | https://www.trillionloans.com/ |
| Grievance officer | Tanuja BM |
| Grievance contact | grievance@karmalife.ai · 9355598772 |
📱 Distributed via: Google Play · Website
Source: RBI — Digital Lending Apps deployed by Regulated Entities (public directory), checked 2026-09-01. Listings are reported by the regulated entities on RBI's CIMS portal without further validation by RBI — a listing is not an RBI endorsement. Always confirm the lender named inside the app matches the entity above before sharing documents.
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Is KarmaLife loan app safe?
KarmaLife is listed in RBI's public directory of Digital Lending Apps, deployed by 4 regulated entities including BHAWANA CAPITAL PVT LTD (FORMERLY BHAWANA SECURITIES & FINANCIAL SERVICES LTD) (NBFC). The listing is reported by the regulated entity on RBI's CIMS portal — always confirm the lender named inside the app matches one of these entities before sharing KYC.
Which lender is behind KarmaLife?
KarmaLife is deployed by 4 RBI-regulated entities: BHAWANA CAPITAL PVT LTD (FORMERLY BHAWANA SECURITIES & FINANCIAL SERVICES LTD), NIYOGIN FINTECH LIMITED, RESILIENT FINANCE PRIVATE LIMITED (EARLIER KNOWN AS TRILLIONLOANS FINTECH PRIVATE LIMITED), TRILLIONLOANS FINTECH PRIVATE LIMITED. Your loan agreement names the specific entity for your loan — check it there.
KarmaLife customer care / grievance contact?
The grievance redressal officer on record for BHAWANA CAPITAL PVT LTD (FORMERLY BHAWANA SECURITIES & FINANCIAL SERVICES LTD) is Manoj Aggarwal — info@bhawanafinance.com, 1246687879. Use this official contact, not helpline numbers found via Google search (scam helplines target loan-app users).
How do I complain against KarmaLife?
Step 1: raise the issue inside the app. Step 2: email the grievance officer (info@bhawanafinance.com). Step 3: no resolution in 30 days — escalate free to the RBI Ombudsman at cms.rbi.org.in.
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