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

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Fake Loan Apps List

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: 

fake loan app

fake loan app

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.


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. 


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
  • StashFin
  • LoanTap
  • IndiaLends
  • CashBean
  • RupeeLend
  • AnyTimeLoan
  • KreditBee
  • Fullerton India
  • EarlySalary
  • Nira
  • Credy
  • mPokket
  • MoneyTap