600+ Fake Loan Apps List 2023: Check Updated List Of RBI Banned Loan Apps

Fake Loan App List 2023: Fake Loan Apps have emerged as a significant threat to individuals who are in dire need of quick financial assistance. The rise of these fraud lending apps has led to a growing number of victims who find themselves in a financial and emotional bind. To protect our readers from falling prey to these scammers, we have compiled a comprehensive Fake Loan Apps List 2023 in this write-up.

According to a recent survey, the country has witnessed a sharp increase in instant loan apps, statically which is 14%. Of these increasing figures, RBI received over 13,000 complaints last year against fake loan apps in India and harassment by their recovery agents. 

As a responsible and trusted source of financial information, we understand the importance of safeguarding our readers against the dangers of financial fraud. With this in mind, we have compiled a comprehensive and meticulously researched list of fake loan apps in 2023.

What Are Fake Loan Apps?

Fake Loan Apps are fraudulent mobile applications that claim to offer quick and easy access to loans with low-interest rates and minimal documentation. The truth is that these apps are nothing more than a trap designed to lure unsuspecting individuals into providing personal and financial information that can be used for identity theft and other nefarious purposes.

In many cases, these apps demand an upfront fee or security deposit, which is a clear indication of a scam. Additionally, some may ask for sensitive information such as bank account details or passwords, which can be used to drain the victim’s finances.

The victims of these scams often find themselves in a vulnerable position, facing the consequences of financial loss, identity theft, and emotional trauma. In some cases, fake loan app operators may even sell the borrower’s information to third-party companies, leading to further privacy breaches.

Updated List Of Fake Loan Apps In India 2023

In light of the substantial number of complaints against fraud lending platforms, the Reserve Bank of India (RBI) took action last year by issuing an alert list of Fake loan apps in India.

As per the official data released by the RBI, there are currently over 1200 such fraud apps, with more than 600 of them available on Google’s Play Store and over 80 on Apple’s App Store.

To protect individuals from falling prey to these deceitful lending platforms, we present a comprehensive and up-to-date list of Fake Loan Apps in 2023.

Fake Loan Apps List 2023

SR. No	Fake Loan Apps List	SR. No	Fake Loan Apps List
1	Cash advance app	262	Live Cash
2	Cash fish app	263	Fast Rupee
3	Cash light app	264	Loan Fortune
4	Cash ray app	265	Cash Pocket
5	Cash room app	266	Insta Loan
6	Cash tree app	267	Apna Paisa
7	CB loan app	268	Coin Rupee
8	Store Loan	269	Cash Papa
9	Matero Finance	270	Loan Cube
10	Cash host	271	Hand Cash
11	Goldcash	272	Loan Home Small
12	Mobile cash	273	I Credit
13	Easy credit	274	Wen Credit
14	Money tree	275	Samay Rupee
15	Loan fortune	276	Lend Mall
16	Rupee smart	277	Silver Pocket
17	Flash rupee	278	Bharat Cash
18	Zo zo Cash	279	Money Master
19	Cash Park	280	Easy Loan
20	Live Cash	281	Warn Rupee
21	Sun cash	282	Handy Loan
22	Income loan	283	Lucky Wallet
23	Unit Cash	284	UPO Loancom
24	Bright Cash	285	Bud Loan
25	Magic money	286	Cash Mine
26	Sunny loan	287	Tyto Cash
27	Royal cash	288	My Cash Loan
28	Sharp corn	289	Simple Loan
29	Marvel cash	290	Cash Machine Loan
30	Mobikquick	291	For Pay
31	Voice loan	292	Minute Cash
32	Rupeek buzz	293	Fast Paisa
33	Rupeek fenta	294	More Cash
34	Money pocket	295	Cash Book
35	M pocket	296	Hand Cash Friendly Loan
36	Express loan	297	Bellono Loan
37	Hu cash	298	Koko Loan
38	Loan dream	299	Reliable Rupee Cash
39	Apple cash	300	Early Credit App
40	Cash colla	301	Eagle cash loan App
41	Fash rupee	302	Cash Carry App
42	Rupee salam	303	Rich cash
43	HD credit app	304	Fresh loan
44	HDB loan app	305	Betwinner betting
45	Infinity cash app	306	Rupee mall
46	Kredit mango app	307	SUN CASH
47	Kredit marvel app	308	Bus rupee
48	Minute cash app	309	Ob cash loan
49	Fast rupee	310	Onstream
50	Rupee Pro	311	Kash loan
51	Money muthual	312	Small Loan
52	Cash cow	313	Rupiya bus
53	One loan easy loan	314	Insta money
54	Quality cash	315	Faith Loan
55	Time loan	316	Loan cube
56	Rupeek cash	317	I karza
57	Pub cash	318	Money stand pro
58	Basket loan	319	Pokemoney
59	Money lander	320	Quality Cash
60	Bright money	321	Loan loji
61	Cash magic	322	Forpay app
62	guru loan app	323	Rupeeplus
63	Paisawala	324	Dream loan
64	Easy brave	325	Cash star miniso rupee
65	Money standup	326	Cashpal
66	Gold loan app	327	Rish Cash Fast Loan
67	Cash go	328	Fortune now
68	Funny happen	329	Credit wallet
69	India AI Credit Cash Loan	330	Pocket bank
70	Cash Advance	331	Loanzone
71	Rupee Loan	332	Fast coin
72	Rupiya company	333	Star loan
73	Credit buzz	334	Easy Credit
74	Orange Loan	335	ATD lone
75	Small Loan	336	Tree lone
76	Flip cash	337	Balance lone
77	Just money	338	Cash bowl
78	Money Master	339	Cash curry
79	Easy loan	340	Cash pocket live Cash
80	Rupee Online	341	Cash Cola
81	Ob cash loan	342	Cash
82	Royal able rupee cash	343	Koko loan
83	Koko cash	344	Loan Resource(disi)
84	Fast cash	345	Cash Hole
85	Money box	346	Easy Borrow Cash loan
86	More cash	347	IND loan
87	Monday money app	348	Wallet Payee
88	UPA Loan	349	Cash Guru App
89	Goldman Payback	350	Gold Cash
90	Handy loan	351	Angel Loan
91	Rupeeking	352	Loan Sathi
92	Mi Rupe	353	Sharp Loan
93	One Loan Cash Any Time	354	Daily Loan
94	Express Loan	355	Sky Loan
95	Loan Dream	356	Mo Cash
96	Rupee Star	357	Jo Cash
97	Wow Rupee	358	Best Paisa
98	Cash Park Loan	359	Hello Rupee
99	Hoo Cash	360	Holiday Mobile Loan
100	First Cash	361	Phone pay
101	Clear Loan	362	Plump Wallet
102	Rupee Box	363	Cashcarry Loan App
103	Small Loan	364	Crazy Cash
104	Rich Loan Go	365	Quick Loan App
105	Asan Loan	366	Rocket Loan
106	Rupee Magic	367	Rupee Papa
107	Rush Loan	368	Credit Pearl
108	Bellono Loan App	369	May Loan
109	Agile Loan app	370	Cash Credit
110	Cash advance	371	Ariaeko Lone
111	Income OK	372	Rupeestar
112	Cash manager	373	Yes Cash
113	Cash Advance Atach	374	Easy Barrow Loan App
114	Cash Manager	375	Credit Loan
115	Cash Advance T1	376	Marvel Loan
116	Dhan Pal	377	Fri Loan
117	Personal Loan App	378	Cashcom
118	Honey Loan	379	Walletpro
119	Eulavt App	380	Handey Loan
120	Rupeeredee Loan App	381	Money View App
121	Money Ladder	382	Get Cash
122	Magic Money	383	PradhanmantriYojna Loan
123	Fortress Loan App	384	Fexli Loan
124	Cash Host	385	Cash Samosa
125	Elephant Cash	386	Es Loan
126	Rupee pocket	387	Flash Loan App
127	Mobipocket app	388	Top Cash
128	Papa money app	389	Cash Station
129	PP money app	390	My Kredit
130	Raise cash app	391	Infinity Cash
131		392
132	Apna Paisa	393	Kwality Cash
133	Coin Rupee	394	Loan Loji
134	Bharat Cash	395	Fourpay App
135	My Cash Loan	396	RupeePlus
136	Simple Loan	397	Dream Loan
137	Silver Pocket	398	Cash Star Miniso Rupee
138	Cash Machine Loan	399	Cashpal
139	Minute Cash	400	Fortune Now
140	Cash Book	401	Credit Wallet
141	Rupee mall	402	Pocket Bank
142	Pokemoney	403	Loanzone
143	Cash Carry App	404	Fast Coin
144	loan loji	405	Star Loan
145	Forpay app	406	Asan Credit
146	Quality Cash	407	ATD Loan
147	Wallet Payee	408	Tree Loan
148	Cash Guru App	409	Balance Loan
149	Cash Cola	410	Cash Bowl
150	66 cash	411	Cash Curry
151	koko loan	412	Cash Machine
152	Easy Credit	413	Cash Pocket Live Cash
153	tree lone	414	Cash Cola
154	Beloan App	415	66 Cash
155	INS Loan	416	Coco Loan
156	Asan Loan	417	Loan Resource (DIC)
157	Go Cash	418	Cash Hole
158	Flip cash	419	Easy Borrow Cash Loan
159	Rupee Wallet	420	Ind Loan
160	Go Go loan	421	Wallet Payee
161	Rupee King	422	Cash Guru App
162	Fast Rupee	423	Gold Cash
163	Easy Credit Loan	424	Orange Loan
164	Fast cash or Cash Fast	425	Angel Loan
165	Cash Cola	426	Loan Saathi
166	Infinity	427	Sharp Loan
167	Magic money loan	428	Daily Loan
168	Star loan	429	Sky Loan
169	Ok rupee loan	430	Mo Cash
170	Sunshine	431	Joe Cash
171	Credit wallet	432	Best Paisa
172	Money tree	433	Hello Rupee
173	Cash pocket	434	Holiday Mobile Loan
174	Small credit	435	Plump Wallet
175	Yes rupee	436	CashCarry Loan App
176	Hello rupee	437	Crazy Cash
177	Cash room	438	Quick Loan App
178	In cash	439	Rocket Loan
179	Cash lion	440	Rupee Magic
180	Cash era	441	Rush Loan
181	Lucky wallet	442	Bellono Loan App
182	Rupee pus	443	Agile Loan App
183	Coco cash	444	Cash Advance 1
184	Indian loan	445	Income Value
185	Credit day	446	Rich Cash
186	Credit finch	447	Fresh Loan
187	Tap credit	448	BetWinner Betting
188	Cash port	449	Rupee Mall Sun Cash
189	Smile loan	450	Minute Cash
190	Cash today	451	Bus Rupee
191	Lucky rupee	452	Ob Cash Loan
192	Go cash	453	Onstream
193	Snapit loan	454	Kash Loan
194	Quick cash	455	Small Loan
195	Panda rupees	456	Rupiah Bus
196	Play cash	457	Insta Money
197	Eulavt Loan App	458	Loan Cube
198	Micredit	459	I Karza
199	Quick credit	460	Money Stand Pro
200	Cashon	461	Pokemon
201	Rupees plus	462	Hello Box
202	Rupee now	463	Wallaby App
203	Elephant loan	464	Cash Cow
204	Loan zone	465	E Paisa
205	Ant cash	466	Shuttle Loan
206	Quick money	467	Monney Tank
207	Alp cash	468	Mama Loan
208	UPA Loan	469	Rainbow Loan
209	Goldman Payback	470	Yes Rupees
210	Handy Loan	471	Crystal Loan
211	Handy Loan	472	Honey Loanin
212	RupeeKing	473	Topcash
213	Mi Rupay	474	Manta Cash
214	One Loan Cash Any Time	475	O Cash
215	Loan Dream	476	Cash Light
216	Rupee Loan	477	Jasmine Loan App
217	Flash Loan Mobile	478	Honey Loan App
218	Rupee Star	479	Lucky Loan App
219	Wow Rupee	480	DuttaRuppes
220	Cash Park Loan	481	Rapid Paisa
221	Who Cash	482	Easy Rp
222	First Cash	483	Ok Rupee Loan App
223	Clear Loan	484	Arak Loan
224	Rupee Box	485	Fast Cash Only Loan
225	Chhota Loan	486	Sugar Money
226	Get Rich	487	Wow Rupee
227	Loan Go	488	Cash Park Loan
228	Asana Loan	489	Lend Moll
229	Live Cash	490	Creditking
230	Fast Rupee	491	Hi Cash
231	Loan Fortune	492	UPA Loan
232	Cash Pocket	493	Asan Loan
233	Insta Loan	494	Coco Loan
234	Apna Paisa	495	Reliable Rupee Cash
235	Coin Rupee	496	Early Credit App
236	Cash Advance	497	Eagle Cash Loan App
237	Cash Papa	498	Cash Carry App
238	Loan Cube	499	Cash Park
239	Hand Cash	500	Gold Sea
240	Loan Home Small	501	Magicc Loan
241	Eye Credit	502	Pillai Loan
242	Wayne Credit	503	OneNDF
243	Samay Rupee	504	Minutes In Cash
244	Lend Mall	505	Discover Loan App
245	Silver Pocket	506	Ruppes land app
246	Bharat Cash	507	Under process
247	Money Master	508	Well Kredit app
248	Easy Loan	509	Volcano Loan
249	Warne Rupee	510	Aladdin Lamp
250	Smart Coien	511	Rupeeok
251	Lucky Wallet	512	Fast Paisa
252	UPO Loan.com	513	More Cash
253	Buddy Loan	514	Cash Book
254	Cash Mine	515	Hand Cash Friendly Loan
255	Tyto Cash	516	Belono Loan
256	My Cash Loan	517	Link Money
257	Simple Loan	518	More Loan
258	Cash Machine Loan	519	Hi Credit App
259	Pay For Minute Cash	520	Rupee loan app
260	RAw loan app	521	Marwel Loan Baba
261	Rupees master app	522	KreditBee

RBI Banned Loan App List 2023

SR. No	RBI Fake Loan App List	SR. No	RBI Fake Loan App List 2023
1	Income Loan	25	Cash Host
2	Flash Rupi	26	Easy Credit
3	Sun Cash	27	Mobile Cash
4	Live Cash	28	Metro Finance
5	Bright Cash	29	Store Loan
6	Magic Money	30	Rupi Smart
7	Sunny Loan	31	Gold Cash
8	Unit Cash	32	Loan Fortune
9	Royal Cash	33	Money Tree
10	Marvel Cash	34	Cash Park
11	Cash Fish	35	Jojo Cash
12	Quick Loan App	36	Jo Cash
13	Rush Loan App	37	Orange Loan
14	Krazy Cash	38	Loan Sathi
15	Phone Pay	39	Cash Hole
16	Sky Loan	40	Wallet Pai
17	Sharp Cash	41	Cash Cola
18	RupicFenta	42	Loan Dream
19	Voice Loan	43	Income Ok
20	M Pocket	44	FashRupi
21	Rupic Buzz	45	Angel Loan App
22	Express Loan	46	Cash Advance
23	Money Pocket	47	Apple Cash
24	Hu Cash

How Fake Loan App Works?

Fraud loan apps work by luring unsuspecting victims into providing their personal and financial information, such as bank account details, social security numbers, or passwords. 

The scammers then use this information to steal money from the victims or commit other frauds. Meanwhile, many fake lending apps grant loans at extremely high-interest rates that go above the principal amount in some cases. 

There are several ways in which fake loan apps scam people:

• Phishing: These apps may ask for sensitive information, such as passwords or bank account numbers, which the scammers then use to steal money or commit identity theft.
• Unapproved Transactions: These fraud apps automatically debit the victim’s bank account without their knowledge or consent, leading to unauthorised transactions and financial losses.
• Hidden Fees: They often lure people by advertising low-interest rates or no upfront fees but then charge hidden fees or high-interest rates after the victim has already provided their information.
• Manipulation Of Personal Information: These fraudsters often hook customers by asking for their sensitive personal and financial information during the loan application process, such as bank account details, PAN number, and Aadhaar number. This information can then be misused for unauthorised transactions or identity theft.
• Unauthorised Loan Disbursal: Some fake apps may disburse loans without the client’s consent and then use their personal and financial information to extract repayment from their bank account.
• Unjustified Loan Recovery: These RBI-banned loan apps may use aggressive tactics to recover loans, such as making repeated phone calls, sending threatening messages, or falsely claiming to have the legal authority to recover the loan.
• Exorbitant Interest Rates: They charge exorbitant interest rates on loans, which can trap clients in a cycle of debt.

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How to Spot Fake Loan Apps?   

Here are some red flags to look out for when identifying a fake loan app:

• Poorly Designed/Mis-spelled App Or Website: If the app or website looks amateurish or has spelling and grammar errors, it may be a fake loan app.
• Unrealistic Offers: Be cautious if an app offers loans with extremely low-interest rates or no credit checks. Legitimate loans will always have some credit checks and interest rates.
• Upfront Fees: Legitimate lenders never ask for an upfront fee or payment before disbursing a loan. If an app asks for money before giving you a loan, it’s likely a scam.
• Request For Sensitive Information: A legitimate loan app will only ask for the information necessary to process a loan application, such as your name, address, and income. Be wary if an app asks for sensitive information like your Social Security number or banking information.
• No Contact Information: If an app does not provide any contact information, such as a phone number or email address, it may be a fake loan app.
• No Clear Information About The Company: If an app does not provide clear information about the company behind it, such as its address or contact information, it may be a fraud loan app.
• Lack Of Transparency: Be cautious if an app is not transparent about its loan terms and conditions. Ensure you fully understand the terms and conditions, including the interest rate, repayment period, and any fees or charges.

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How To Get Out Of A Fake Loan Apps Scam?

Spotting a fake loan app can be difficult, but here are some steps you can take to avoid being scammed:

• Research The App And The Company Behind It: Check the app’s website and read customer reviews to see what people say about it. Also, check the company’s reputation by searching for them online.
• Look For Secure Connections: Ensure the app uses encryption to protect your personal and financial information. Look for the “https” in the URL and a padlock icon in the address bar.
• Check The Terms And Conditions: Ensure you fully understand the terms and conditions, including the interest rate, repayment period, and any fees or charges.
• Beware Of Unsolicited Offers: If you receive an unsolicited offer for a loan, be wary. Scammers often target people who are in a difficult financial situation and may be more likely to take the bait.
• Verify The Lender’s Credentials: Check if the lender is licensed to offer loans in your state or country. You can usually find this information on the lender’s website or by contacting the local financial regulatory authority.
• Avoid Apps That Ask For Upfront Payments: Legitimate lenders will never ask for upfront payments or fees before disbursing a loan. So if an app asks for an upfront payment, it’s likely a scam.
• Use Trusted Sources: Only download loan apps from the official app store or play store. Never download such apps from third-party sources.

What Are The Consequences of Using Fake Loan Apps?

Fake loan apps not only cause financial loss but also comes with some severe consequences, including

• Identity Theft: Some fake loan app in India list may ask for sensitive information like your Social Security number, DoB, and bank account information, which could lead to the theft of your identity.
• Financial Loss: If you provide a fake loan app with your financial information, they may steal your money or use it for unauthorised transactions.
• Credit Score Damage: If a fake loan app in India takes out a loan in your name, misses payments, or otherwise misuses your financial information, it can damage your credit score, making it harder for you to get a loan in the future.
• Legal Consequences: Using a fake loan app in India is illegal and you could face legal consequences, including fines or even imprisonment.
• Stress and Frustration: Dealing with the aftermath of an illegal loan app, such as trying to recover lost funds or repairing your credit, can be stressful and time-consuming.

What To Do If You Were Scammed By Fake Loan Apps?

If a fake loan app in India has scammed you, here are the steps you should take:

• Contact Your Bank: If you’ve provided your bank information to these apps, contact your bank immediately to report the fraud and to have your account frozen. They can also advise you on what steps to take next.
• Report The Scam: Report the scam to the relevant authorities, such as the Reserve Bank Of India (RBI), the local police, or your country’s financial regulatory authority.
• Change Your Passwords: Change the passwords for your bank account, email, and any other accounts that may have been compromised.
• Monitor Your Credit Report: Check your credit report regularly to ensure no unauthorised loans have been taken out in your name.
• Seek Help From A Debt Counselor: If you have been scammed and have taken out a loan, you may be dealing with high debt levels. Seek help from a debt counsellor to develop a plan to manage your debt and regain financial stability.
  

Where To Report Against Fake Loan Apps in India?

If fake loan apps in India have scammed you, there are several ways to report the scam:

• Contact the Indian Computer Emergency Response Team (CERT-In): It is the national nodal agency for responding to computer security incidents in India. You can reach them at cert-in@cert-in.org.in or on their toll-free number at 1-800-111-969.
• Report To The Police: You can report the scam to your local police department or the cybercrime cell in your state. You can find the contact information for the cybercrime cell on the website of your state police department.
• Report To The Reserve Bank of India (RBI): You can also report the scam to the RBI by submitting a complaint to their banking ombudsman.
• Contact the National Do Not Call Registry (NDNCR): If you received unsolicited calls or SMS messages promoting the fake loan app, you could report it to the NDNCR by dialling 1909 or visiting their website.
• Report to the Ministry of Electronics and Information Technology (MeitY): You can also report the scam to MeitY, which is responsible for ensuring the growth and development of India’s electronic and IT industries. You can contact them at cc-cert@meity.gov.in.

How To Raise A Complaint Against A Fake Loan App?

If a fake loan app in India has scammed you, here’s how you can raise a complaint:

Step 1: Collect all the information you have about the fake loan app, including its name, website, phone number, email, and any other contact information.

Step 2: Contact the police and file an FIR immediately. 

Step 3: Provide the authorities with any evidence you have of the scam, such as screenshots, bank statements, or emails. If you have suffered financial loss, provide information about the amount and any transactions you made.

Step 4: The police department will transfer your complaint to the Cyber cell. They will then investigate your complaint and take appropriate action. If possible, get a reference number or case number for your complaint.

Step 5: Keep a record of the date and time you made the complaint, the name of the person you spoke with, and any reference numbers they gave you.

Users’ Complaints Against Fake Loan Apps In India

We searched many online communities and forums to find people who fell prey to these fraudster apps. We were shocked to see the number of complaints registered on the internet. Here are some real-life experiences of Fake loan app victims: 

What Are The Reasons Behind The Growing Prevalence Of Fake Loan Apps In India?

As Asia’s most prominent digital hub, India has quickly been adopting the latest tech trends, but it doesn’t overshadow the fact that it remains vulnerable to cyber thefts. 

According to an independent survey, nearly 16% of Indian citizens have resorted to instant loan apps to get credit in the last two years. However, of these numbers, 58% of surveyed citizens reported being charged a hefty annual interest rate above 25%. 

Unfortunately, 54% of those surveyed have encountered either themselves or their family/household staff facing extortion or data misuse during repayment. 

Furthermore, people have even received phone calls for loan repayment, even after settlement. Meanwhile, there are several reasons behind the growing prevalence of fake loan apps in India, which primarily include

• Lack Of Awareness: Be it due to hurry or lack of awareness, most people ignore the potential risks of downloading loan apps and providing their personal and financial information. 
• Rapid digitalisation: With the increasing use of mobile phones and internet access in India, the number of people using digital financial services is overgrowing. This presents an opportunity for scammers to target many people through fake loan apps.
• Lack Of Regulation: The lack of regulations in the digital lending space in India makes it easier for fake lending apps to flourish. The absence of stringent regulations and oversight makes it difficult for law enforcement to track down and prosecute scammers.
• High Demand For Loans: There is a high demand for loans in India, especially among those who are unbanked or underbanked. This demand makes it easier for fake loan apps to attract victims who are in need of quick funds.
• Complex Loan Processes: The traditional loan application process in India can be lengthy and complicated, making it easier for fake loan apps to pose as a more convenient alternative.

Conclusion

Fake loan apps are a growing problem in India, and it’s important for consumers to be aware of the dangers and to know how to spot them. These apps often promise quick and easy loans, but they are just a front for scams that can leave you with significant financial losses.

It’s important to do your research before downloading any loan app and to only use apps from reputable lenders. Look for reviews and ratings, and ensure the app is secure and encrypted before entering personal or financial information.

If you do fall victim to a fake loan app, it’s important to act quickly. By being vigilant and informed through our fake loan apps list in India, you can protect yourself from the dangers of these fraudsters. 

FAQs

Is Kreditbee Fake Or Real?

Kreditbee is an RBI-registered non-banking finance company (NBFC), making it one of the legit and real instant loan applications. 

Which Loan Apps Are Legal In India?

Here’s a list of RBI-registered Loan apps in India: 

• Lazype
• CashE
• MoneyView
• Lendingkart
• Capital Float
• EarlySalary
• FlexSalary
• LoanTap
• CASHe
• KreditBee

What Are The Fake Loan Apps?

Here’s a Fake Loan App in India list: 

• Raise cash
• PP money
• Rupees master
• Cash ray
• Mobipocket
• Papa money
• Infinity cash
• Kredit mango
• Kredit marvel
• CB loan
• Cash advance
• HDB loan
• Cash tree
• RAw loan
• Under process
• Minute cash
• Cash light
• Cash fish
• HD credit
• Rupees master
• Ruppes land
• Rupee loan
• Cash room
• Well Kredit

Which Loan Apps Are Banned By RBI?

Here’s RBI Fake Loan App List 2023:

• Mobipocket
• Papa money
• Infinity cash
• Kredit mango
• Kredit marvel
• CB loan
• Cash advance
• HDB loan
• Cash tree
• RAw loan
• Under process
• Minute cash
• Cash light
• Cash fish
• HD credit
• Rupees master
• Ruppes land
• Rupee loan
• Cash room
• Well Kredit

Is Kissht App Banned?

Yes, the RBI banned digital lending platforms like Kissht and Lazype. However, the ban was lifted on February 10, 2023. 

Which App Is Best For Emergency Loan?

Here are the best apps for emergency loan: 

• PaySense
• LazyPay
• Bajaj Finserv
• IDFC First Bank
• ZestMoney
• Dhani
• HomeCredit
• CASHe
• KreditBee
• Fullerton India
• Fibe
• Nira
• Credy
• mPokket
• MoneyTap
• FlexSalary
• MoneyView
• PayMe India
• SmartCoin
• StashFin
• LoanTap
• IndiaLends
• CashBean
• RupeeLend
• AnyTimeLoan

Can Loan App Take Legal Action?

Yes, loan app providers can take legal action if a borrower fails to repay a loan as agreed. However, the specific process and consequences of loan default can vary depending on the jurisdiction and the terms and conditions of the loan agreement.

Is Kreditbee Banned?

Yes, digital lending platforms like Kreditbee, Kisst and Lazype were earlier banned by the RBI. However, the ban was lifted on February 10, 2023. 

How Do I Stop Loan App Harassment?

To stop loan app harassment, you can:

1. Keep records of all communication.
2. Block the loan app provider’s phone number.
3. Write a letter to the loan app provider requesting they stop contacting you.
4. File a complaint with the relevant regulatory authority, such as the Reserve Bank of India (RBI) or the National Do Not Call Registry.

Taking proactive steps to resolve the situation is important, as loan default and harassment can have severe legal and financial consequences.

Which Loan Apps Are Banned In India List?

Recently, the RBI has issued 94 fake loan app list that was engaging in unethical practices, such as drastically increasing interest rates by as much as 3,000%. These loan apps were cheating users by taking advantage of their financial needs.

How Many Loan Apps Banned In India?

As directed by the Ministry of Home Affairs, the Ministry of Electronics and Information Technology plans to ban 232 online betting and illegal loan apps in India.

Which Are The Most Trusted Instant Loan Apps In India?

Below is a list of RBI-approved instant loan apps:

• Fi Money
• Postpe
• PaySense
• LazyPay
• Bajaj Finserv
• IDFC First Bank
• ZestMoney
• Dhani
• HomeCredit
• CASHe
• FlexSalary
• MoneyView
• PayMe India
• SmartCoin
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