PhonePe, Google Pay, Paytm loans: who actually lends?
Payment apps don't lend their own money. These are the banks and NBFCs that RBI's directory lists behind each one. RBI list of 26 Oct 2026, checked weekly.
PhonePe, Google Pay, Paytm, CRED and other payment apps don't lend their own money. The loans inside them come from banks and NBFCs, which report the app to RBI. In RBI's list of 26 Oct 2026, Paytm names 27 lenders, PhonePe 15, CRED 16 and Google Pay 7. The lender named on your Key Fact Statement is the one you borrow from and repay.
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Lenders behind each payment app
| Payment app | Lenders in RBI's list |
|---|---|
| Paytm | 27 |
| CRED | 16 |
| PhonePe | 15 |
| MobiKwik | 15 |
| BharatPe | 15 |
| Airtel Thanks | 8 |
| Google Pay | 7 |
| JioFinance | 6 |
| Amazon Pay | 4 |
Paytm loans: 27 lenders
Listed with RBI as “P4B”, “Paytm”, “Paytm App”
Your offer in Paytm comes from one of these lenders. Its name is on the Key Fact Statement before you accept.
CRED loans: 16 lenders
Listed with RBI as “Cred”, “Cash By Cred”, “CRED: UPI, Credit Cards, Bills”
Your offer in CRED comes from one of these lenders. Its name is on the Key Fact Statement before you accept.
PhonePe loans: 15 lenders
Listed with RBI as “PhonePe”, “PhonePe - Lending Website”, “PhonePe Business : Merchant App”
Your offer in PhonePe comes from one of these lenders. Its name is on the Key Fact Statement before you accept.
Each payment app shows offers from its own lenders
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MobiKwik loans: 15 lenders
Listed with RBI as “Mobikwik”, “MobiKwik for Business”, “MobiKwik: BHIM UPI Wallet”
Your offer in MobiKwik comes from one of these lenders. Its name is on the Key Fact Statement before you accept.
BharatPe loans: 15 lenders
Listed with RBI as “BharatPe”, “BharatPe UPI”, “BharatPe Money”
Your offer in BharatPe comes from one of these lenders. Its name is on the Key Fact Statement before you accept.
Airtel Thanks loans: 8 lenders
Listed with RBI as “Airtel App”, “Airtel Thanks”, “Airtel Website”
Your offer in Airtel Thanks comes from one of these lenders. Its name is on the Key Fact Statement before you accept.
Google Pay loans: 7 lenders
Listed with RBI as “Google Pay”, “Google Pay for Business”, “Google Pay: Save, Pay, Manage”
Your offer in Google Pay comes from one of these lenders. Its name is on the Key Fact Statement before you accept.
JioFinance loans: 6 lenders
Listed with RBI as “Jio Finance”, “JioFinance: For your life!”, “Jio Finance Platform and Service Limited”
Your offer in JioFinance comes from one of these lenders. Its name is on the Key Fact Statement before you accept.
Amazon Pay loans: 4 lenders
Listed with RBI as “Amazon”, “amazon.in”, “Amazon App”
Your offer in Amazon Pay comes from one of these lenders. Its name is on the Key Fact Statement before you accept.
How to know who your loan is really from
- Open the Key Fact Statement the app shows before you accept. It names the lender, the full cost (APR) and every fee.
- Check the lender is one of the names listed for that app above, or search it in our loan app checker.
- The lender sets the interest rate, not the payment app. Different people see different rates.
- Never pay a fee outside the app, or before the money reaches your bank account.
Each payment app shows offers from its own lenders
See offers from 100+ RBI-registered lenders in one place.
Get Money →No app download needed · Zero CIBIL impact
Questions about payment app loans
Does PhonePe give loans?
Does Google Pay give personal loans?
Is a loan from Paytm safe?
Who decides the interest rate on a payment app loan?
Can I get a loan on JioFinance?
GoCredit is not affiliated with these payment apps; their names are used only to identify them. Lender lists come from RBI's directory of digital lending apps (list of 26 Oct 2026), which RBI compiles from what lenders report, without further checks, so a listing is not an approval.