Fake Loan App List: RBI Banned 500+ Loan Apps

Fake Loan App List: Discover the comprehensive list of over 500+ banned loan apps by the RBI. Stay informed and protect yourself from fraudulent loan applications.

Fake Loan App List RBI Banned 500+ Loan Apps
500+ Loan Apps Banned by RBI

Latest list of 500+ Fake Loan App List banned by RBI

We are giving information about the Fake Loan App List that the Reserve Bank of India banned.

1Agile Loan app258Easy credit
2Aladdin Lamp259Easy Credit Loan App
3Angel Loan260Easy loan
4Apna Paisa261EasyCash Loan
5Apple cash262Easy Rp
6Ariaeko Lone263Elephant Cash
7Asan Loan264Es Loan
8ATD lone265Eulavt App
9Balance lone266Express loan
10Basket loan267Express Loan
11Bellono Loan268Fash rupee
12Bellono Loan App269Fast cash
13Best Paisa270Fast coin
14Betwinner betting271Fast Paisa
15Bharat Cash272Fast cash
16Bright Cash273Fast rupee Loan App
17Bright money274Fast Rupee
18Buddy Loan275Fexli Loan
19Bus rupee276First Cash
20Bharat Cash App277Flash Loan App
21Clear Loan278Flash Loan Mobile
22Cash Advance279Flash rupee
23Cash Advance280Flip cash
24Cash Advance Atach281For Pay
25Cash Advance T1282Forpay app
26Cash advance283Fortress Loan App
27Cash Book284fortune now
28cash bowl285fresh loan
29Cash Carry App286Fri Loan
30Cash Cola287Funny happen
31Cash colla288Get Cash
32Cash cow App289Gold Cash
33Cash Cow290Gold loan app
34Cash Credit291Gold Sea
35Cash curry292Goldcash
36Cash fish293Goldman Payback
37Cash go294guru loan app
38Cash Guru App295Hand Cash
39Cash magic296Hand Cash Friendly Loan
40Cash Hole297Handey Loan
41Cash host Loan App298Handy loan
42Cash Host299Hello Box
43cash machine300Hello Rupee
44Cash Machine Loan301Hi Credit App
45Cash magic302Holiday Mobile Loan
46Cash manager303Honey Loan
47Cash Manager304Honey Loan App
48Cash Mine305Holiday Mobile
49Cash Papa306Hoo Cash
50Cash Park Loan App307Hu cash
51Cash park308I Credit
52Cash Park Loan309I karza
53Cash Pocket310Income loan
54cash pocket live Cash311Income OK
55Cash Samosa312IND loan
56cash star miniso rupee313India AI Credit Cash Loan
57Cash Station314Infinity Cash
58Cashcarry Loan App315Insta Loan
59Cashcom316Insta money
60cashpal317Jo Cash
61Clear Loan318Just paise Loan App
62Coin Rupee319Just money
63Crazy Cash320Kash loan
64Credit buzz321Koko cash
65Credit Loan322Koko Loan
66Crystal Loan323koko loan
67Credit Pearl324Lend Mall
68credit wallet325Link Money
69Crystal Loan326Live Cash Loan App
70Daily Loan327Live Cash
71Dhan Pal328Loan Cube
72Discover Loan App329loan cube
73Dream loan330Loan dream Ap[
74DuttaRuppes331Loan Dream
75E Paisa332Loan fortune
76Eagle cash loan App333Loan Fortune
77Early Credit App334Loan Home Small
78Easy Barrow Loan App335loan loji
79Easy Borrow Cash loan336Loan Resource(disi)
80Easy brave337Loan Sathi
81Loanzone338Rupeek buzz
82Lucky Loan App339Rupeek cash
83Lucky Wallet340Rupeek fenta
84M pocket341Rupeeking
85MagicCash Loan App342Rupeeok
86Magic Money343Rupeeplus
87Magicc Loan344Rupeeredee Loan App
88Mama Loan345Rupeestar
89Magicc Loan App346Rupiya bus
90Marvel cash347Rupiya company
91Marwel Loan Baba348Rush Loan
92Matero Finance349Samay Rupee
93May Loan350Sharp corn
94Mi Rupe351Sharp Loan
95Minute Loan App352Simple Loan App
96Minute cash353Shuttle Loan
97Minutes In Cash354Silver Pocket
98Mo Cash355Simple Loan
99Mobikquick356Sky Loan
100Mobile cash357Slice pay
101Monday money app358Small Loan
102Money box359Small Cash Loan App
103Money Ladder360SmalLoan App
104Money lander361Smart Coin
105Money Master362star loan
106Money Master App363Store Loan
107Money muthual364Sun cash
108Money pocket365SUN CASH
109money stand pro366Sunny loan
110Money standup367Time loan
111Money tree368Top Cash
112money stand pro App369tree lone
113Money View App370Tyto Cash
114Monney Tank371Unit Cash
115More cash372UPA Loan
116More Cash App373UPO Loancom
117More Loan374Voice loan
118My Cash Loan375Volcano Loan
119My Kredit376Wallaby App
120Name of app377Wallet Payee
121Ob cash loan378Apna Paisa
122ob cash loan App379Walletpro
123Ok Rupee Loan App380Warn Rupee
124One Loan Cash Any Time381Wen Credit
125One loan easy loan382Wow Rupee
126onstream383Yes Cash
127Orange Loan384Yes Rupees
128Orange Loan385Zo zo Cash
129Paisawala386Cash port
130Personal Loan App387Alp cash
131Phone pay388Angel Loan
132Pillai Loan389Apna Paisa
133Plump Wallet390Asana Loan
134pocket bank391Cash Curry
135Pokemoney392Cash era
136PradhanmantriYojna Loan393Cash lion
137Pub cash394Cash Star Miniso Rupee
138Quality cash395Cashon
139Quality Cash Loan App396Coco cash
140Quick Loan App397Credit finch
142Rainbow Loan399Early Credit App
143Rapid Paisa400Elephant loan
144Reliable Rupee Cash401Eye Credit
145rich cash402Fast Paisa
146Rich Loan Go403Fast Rupee
147Rocket Loan404First Cash
148Royal able rupee cash405Flash Loan Mobile
149Royal cash406Go cash
150Rupee Box407Hand Cash
151Rupee Loan408Ind Loan
152Rupee Cash Loan409Insta Loan
153Rupee Magic410Insta Money
154Rupee mall411Lend Mall
155Rupee Online412Live Cash
156Rupee Papa413Loan Resource (DIC)
157Rupee pocket414Loan tap
158Rupee salam415Loan zone
159Rupee smart416Loanzone
160Rupee Star417Micredit
161My Cash Loan418Cash Cola
162Onstream419Cash Carry Loan App
163Plump Wallet420Cash App
164Quick cash421Cash Cola
165Rich Cash422Cash colla Loan
166Rupee Magic423Cash cow
167Rupee pus424Cash Guru App
168RupeePlus425Cash Credit
169Rupees plus426Cash curry
170Samay Rupee427Cash fish
171Small Loan428Cash go
172Smile loan429CashCow Loan App
173Star Loan430Cash Cow
174Tap credit431Cash Guru App
175Wow Rupee432Cash Hole
17666 cash433Cash Hole Loan
17766 Cash App434Cash host
178Agile Loan app435Cash Host Application
179Agile Cash App436Cash Light
180Aladdin Lamp437cash machine
181Angel Loan438Bharat Cash
182Ant cash439Coin Rupee
183Apna Paisa Cash440Cash Machine Loan
184Apna Paisa441Cash Machine
185Apple cash442Cash magic
186Arak Loan443Cash Papa
187Ariaeko Lone444Cash Manager
188Asan Credit445Cash park
189Asan Loan446Cash Mine
190Asan Loan App447Cash Papa
191Asan Loan448Cash manager
192ATD Loan449Cash Park
193ATD lone App450Cash Mine
194Balance Loan451Cash Park Loan App
195Balance lone452Cash Park Loan
196Basket loan453CashPark Loan App
197Bellono Loan454Cash Pocket Live Cash
198Bellono Loan App455Cash Pocket
199Bellono App456Cash pocket
200Beloan App457Cash Pocket Loan App
201Belono Loan458cash pocket App
202Best Paisa459Cash Pocket Live Cash
203Best Paisa Loan App460Cash room
204Betwinner betting461Cash Samosa
205BetWinner LOan462cash star miniso rupee
206Bharat Cash463Cash Station
207Cash Machine Loan464Cash today
208Bharat Cash465CashcarryApp
209Bright Cash466CashCarry Loan App
210Bright money467Cashcom
211Bud Loan468cashpal
212Buddy Loan469Clear Loan App
213Bus rupee470Chhota Loan
214Bus Rupee471Cashpal
215cash472Clear Loan
216Cash Advance473Coco Loan
217Cash Loan App474Cashcom App
218Cash Advance Loan App475Cash Machine Loan
219Cash Advance Atach476Income Value
220Cash Advance T1477Joe Cash
221Cash advance478Loan Saathi
222Cash Advance App479Tree Loan
223Cash Book Loan Application480Money Master
224Cash Book481Silver Pocket
225Cash Personal loan App482Loan Home Small
226cash bowl483Who Cash
227Cash Bowl Loan App484Forpay app
228Cash Carry Loan Application485Rainbow Loan
229Cash Carry App486Brightmoney
230Cash Cash App487Cashmagic
Source: https://www.onendf.com/fake-loan-app-list/

Beware of Fake Loan App List: RBI Banned 500+ Loan Apps

You must be warned that the Reserve Bank of India (RBI) has banned over 500 loan apps. According to reports, these loan apps are being accused of illegally providing loans with reasonable interest rates and unfair rules.

These fake loan apps are usually available on Google Play Store and other apps stores. These apps can steal your personal and financial information and land you in financial trouble.

RBI has alerted people not to install these Fake Loan App List and not to share any personal or financial information with them. You need to note that you use only certified and well-known apps when you are in need of taking a loan. You must check the reviews and ratings of loan apps on the crowded internet so that you get a chance to use only safe and reliable apps.

Must Read: Tallwin Life is Real or Fake: Is Tallwin Life Real or Just a Myth?

The rising popularity of digital lending platforms in India

India is witnessing a rise in popularity of digital lending platforms in the modern era. These platforms promise to provide easy and quick financial assistance to the common man. These apps allow you to avail loans from the comfort of your home, for which all you need is a smartphone and an internet connection.

Using these digital loan platforms, people get freedom from the process of taking loans from traditional banks. It does not require you to visit any place and can avoid the complexity of lengthy paperwork and documentation. You need to enter your personal and financial information online to avail a loan on these platforms, and these platforms follow various security parameters to ensure your credibility.

Digital loan platforms can provide you small or medium-sized loans for immediate needs, such as business needs, medical expenses, travel expenses, education loans, etc. The process of getting a loan on these platforms is usually quick and you get to see the money in your account within a few hours.

It is worth noting here that you should use these platforms with caution even because of their accessibility and speed. You should ensure that you are using only verified and trusted platforms that protect your personal and financial information. It is also important to check the ratings, reviews, and reputation of these platforms so that you can choose a safe and reliable option.

Must Read: Maximize Your Borrowing Potential with Our Loan Resource App

Concerns surrounding the surge in fake loan apps

Concerns have grown in recent times due to the rise in fake loan apps. These fake apps are usually available on Google Play Store and other app stores and claim to provide loans at reasonable interest rates and without rules.

By using these fake loan apps, people’s personal and financial information can be stolen and they can face financial problems. In these apps, you have to provide your identity, salary certificate, bank account details and other important information, which can harm you later.

Fake loan apps often promise attractive offers and easy procedures to lure people in, but come with objectionable terms and exorbitant interest rates. So, people should be cautious and should not install such fake loan apps.

The Reserve Bank of India (RBI) has also warned people to check the credibility and use only certified apps. If you need a loan, you should use official bank apps and well-known digital lending apps that ensure your safety and reliability.

Importance of being aware of RBI approved loan apps

The importance of being aware of RBI approved loan apps should always be kept in front. These sanctioned loan apps are verified and regulated by the state bank, ensuring that they operate fairly and in accordance with the rules.

Using approved loan apps gives you various benefits. First, you get secured loans with reasonable interest rates and organizational processes. Second, you have the confidence of authenticity and credibility, as these apps keep your personal and financial information secure. Third, these apps allow you to choose the right loan from a variety of options, thereby getting the loan that suits your commercial, business or personal needs.

It is extremely important that you be cautious and only use approved apps. You should check the ratings, reviews, and reputation of the apps to help you choose safe and reliable apps. You must check the official website of RBI or the religions so that you can identify the genuine and approved loan apps.

Thus, being aware of RBI approved loan apps protects you from fake apps and gives you the necessary information about safe and reliable options.

Must Read: Take Personal Loan from Loan Resource App 2023

Understanding Fake Loan App List

To understand fake loan apps, it is necessary that we get in-depth information about them. These apps illegally claim to provide loans with reasonable interest rates and ineligible terms. By using these apps, people are inspired by the feeling of getting loan easily, but in reality no loan is provided in these apps.

Fake loan apps are usually available on Google Play Store and other app stores. These apps promise attractive offers and ease, but come with objectionable terms and high interest rates. These apps ask people to share private and personal information, which can lead to theft of their personal and financial information.

To identify these fake loan apps, we must note that these apps usually promise to provide fast loans and do not require any financial qualification or relevant documents. These apps do not represent any guarantees and are not endorsed by any recognized bank or financial institution.

To avoid Fake Loan App List, we should be cautious and use only approved and well-known apps. We should check ratings, reviews, and reputation, and use verification features available on commercial sites, to ensure that we are choosing safe apps with credibility.

Definition and characteristics of Fake Loan App List

It is necessary to define fake loan apps and understand their features. Fake loan apps are mobile apps that claim to provide loans illegally and operate with unpredictable and unfair rules. The purpose of these apps is to cheat people by providing loans with reasonable interest rates.

Fake loan apps can have the following features:

  • More attractive and extravagant offers: Fake loan apps usually offer attractive offers such as instant approval, low interest rates, and no deposit or collateral required.
  • Minimal Documentation: Most of the documents are usually not required for availing loans in fake loan apps.
  • Abnormal interest rates: These apps have attractive looking interest rates, which can be exorbitant and not reasonable in reality.
  • Fake identity and non-recognition: Fake loan apps usually exist with unverified and unrecognized identities. These apps usually operate without control and approval and are not supported by an official bank or financial institution.
  • Fake financial security: Fake loan apps typically do not meet essential financial security criteria, such as proper documentation, adherence to privacy policies, and protection against fake transactions.

Because of these features, we should be wary of fake loan apps and use only accredited loan apps. These apps ensure the security and reliability of people’s personal and financial information.

Modus operandi of fraudsters behind these apps

The modus operandi of fraudsters behind fake loan apps is very clever and clever. The main features of these fraudsters can be the following:

  • Fake Identity and Access: Fraudsters create fake loan apps posing as different names, people and companies. These apps are made available for use by commercial sites, official ones, and general users.
  • Commercialization: Fraudsters display fake loan apps through commercial and promotional means. Attractive advertisements and promotional offers are prepared for these apps to attract the attention of the people.
  • Theft of personal and financial information: When users register with fake loan apps, fraudsters ask for personal and financial information. Subsequently, they misuse this information to make criminals gain money or worsen the economic condition of users.
  • Use of illegal rules: Fake loan apps often do not comply with the rules and laws. These apps operate without permission or approval and do not provide regular loans for personal or business needs.

These fraudsters often use people’s emotions to get money from them by fraudulently influencing them and putting them under pressure of financial problems. We should be alert from these frauds and use only recognized loan apps.

Risks associated with using fake loan apps

There are many risks associated with using fake loan apps. Some of the important risks may be the following:

  • Security of personal and financial information: Fake loan apps require you to provide your personal and financial information, such as registration details, ID proof, bank account details, etc. These apps can misuse this information and put your privacy at risk.
  • Violation of regulations: Fake loan apps often violate regulations and laws. These can include high interest rates, unfair terms, and hidden charges. Due to this you may face financial crunch and you may get into problems due to excessive debt.
  • Work without permission: Fake loan apps usually work without permission or approval. These apps do not provide you real loan and their aim is to cheat you. This can have a negative impact on your financial standing and credit report.
  • Suspicious information: Fake loan apps often provide dubious information to lure you, such as instant approval, less documentation, and easy process. These methods can distract your attention and you can take wrong decisions in haste.

Hence, we must avoid using fake loan apps and use only accredited loan apps that guarantee our privacy, financial security, and credibility.

RBI’s Crackdown on Fake Loan Apps

RBI has recently taken strict action against fake loan apps. This action has been taken with the aim of strengthening your safety and security. RBI has identified several fake loan apps and has directed to shut them down. This means that fake loan apps are now under control and those using them may face legal action.

RBI has issued court orders and set up investigation and action against fake loan apps. This will help punish fraudsters who harm users of fake loan apps. RBI has advised people to use only verified and approved loan apps as per requirement.

RBI’s crackdown on fake loan apps has created an atmosphere of apprehension and caution. This step is an important signal to the general public to be aware of the dangers of fake apps and avoid them. This ensures your financial security and credibility and protects you from falling prey to fake loan apps.

RBI’s initiative to protect consumers from fraudulent loan apps

RBI has taken important initiative to provide protection to consumers from deceptive loan apps. The main objective of this initiative is to protect customers from fake loan apps keeping in mind their safety and well-being.

RBI has constituted special teams committed to investigate and take action against fraudulent loan apps. These teams find, identify and take necessary action to block rogue apps. With this, consumers can be saved from falling into the trap of fake loan apps.

RBI has advised users to use only verified and recognized loan apps. These approved loan apps are RBI approved and keep personal and financial information secure.

With this initiative of RBI, consumers will be at risk of misleading loan apps and they are advised to use only apps that comply with the standards of financial eligibility and safety. This ensures the safety, confidence and economic interest of the consumers.

Consequences faced by fraudulent loan app operators

Fraudulent loan apps operators have to face a lot of problems as a result of their deeds. Some of the important consequences of these troubles are:

  • Legal action: When fraudulent loan app operators are detected, legal action is taken against them. There can be legal penalties and punishment for economic offences.
  • Negative Impact: The identity and image of fraudulent loan apps operators gets negatively impacted. Their behavior and purpose reduce the power and confidence of the people.
  • Financial loss: When the fraud of fraudulent loan apps operators comes to the fore, there is a financial loss. They face huge challenges due to economic instability, loss of business and negative credit reports.
  • Disrupted personal life: Due to fraudulent business for fraudulent loan apps operators, their personal life also gets affected. Public outcry, negative media coverage and social backlash hurt them.

These resulting payments should be taken into account by the fraudulent loan apps operators and they should understand that genuineness and fairness do not come from fake and illegal business. It would be creditable for them to walk on the path of truth and justice and restore the faith of the society.

How to Identifying Fake Loan Apps

It is important to spot fake loan apps so that we can avoid them. Here are some important characterizations to identify:

  • Credibility and Rating: One of the hallmarks of good and recognized loan apps is their credibility and high ratings. There must already be positive reviews and suggestions about them by people.
  • Official Website and Contact Information: Real loan apps have an official website which has contact information and company details. You should ensure that the App Company’s website and contact information is legible and that the website URL uses “https”.
  • Permissions and unfair terms: Fake loan apps often operate without permissions or unfair terms. If the app asks you for excessive travel or personal information for permissions, that can be a strong sign that it could be a fake app.
  • Identity of the merchant or organization: Accredited loan apps will provide you with the identity and verified information of the merchant or bank. This information should ensure you that the app is linked to a genuine and verified organization.
  • Unusual amounts and interest rates: Fake loan apps often offer unusual amounts and interest rates. So, if an app offers you an interest rate that is much higher than the latest market rate, it may be an objection.
  • Demand for permission and personal information: Fake loan apps often ask for permission and personal information, such as access passwords, bank account information, and other relevant details. Trusted apps will only ask you for information as needed.
  • Disorganized or inefficient website: Fake loan apps have disorganized or inefficient website. Therefore, you should check the website of the app company and make sure that it is organized and verified.
  • Negative Reviews and Ratings: You must check the reviews and ratings of the app that you are considering to download. Fake loan apps have negative reviews and low ratings.
  • DIRECTED FROM OFFICIAL SOURCES: You should identify the app you want to download, and you should ensure that the app handles the ones you get through RBI or other official sources.

Using these detection features, we can spot fake loan apps and ensure our safety. We should only use verified and trusted loan apps which will ensure our privacy and financial security.

Advice on conducting thorough research before using loan apps

It is very important to do thorough research before using loan apps so that we can be on the safe side. Here are some tips to consider before using loan apps:

  • Research in advance: Do thorough research about the app beforehand. Check its ratings, reviews and user experiences across the internet. Also collect information about the app company, such as the company’s address, permission, and their authenticated information.
  • Check the privacy policy of the app: Read the privacy policy of the app carefully. It will tell you how and how much personal information the App Company uses and protects your information.
  • Verify the identity of the merchant or organization: Loan apps must provide you with the identity and verified information of the merchant or organization. App must be associated with genuine and verified organization.
  • Read the terms and conditions: Read the terms and conditions of the app carefully. This will expose you to unfair terms associated with the use of the app.
  • Seek advice: If you have access to a financial professional, seek advice from them. They can tell you more detailed information and standards of safety.

By following these tips, we can ensure our safety and financial security. As long as we use verified and trusted loan apps, we are assured of avoiding fraudulent loan apps.

RBI Approved Loan Apps in India

The Reserve Bank of India (RBI) has approved certain apps to provide approval for loan apps. These approved loan apps provide financial services and help in providing financial assistance to the consumers. Following is a list of these approved loan apps:

S. No.Name Of The Registered AppCredit Limit
1Kreditbee Instant Loan AppLoan up to 2 Lakh
2Kreditzy Instant Loan AppLoan up to 2 Lakh
3PaysenseLoan up to 5 Lakhs
4NAVILoan up to 5 Lakhs
5Lazypay(Credit Line + Personal Loan)Loan up to 1 Lakhs
6FreopayLoan up to ₹10000
7StashfinLoan up to 5 Lakh
8Cashbean– Online Loan AppLoan up to 1 Lakhs
9MI CreditAbove 5 Lakhs
10Dhani Loan AppLoan up to 5 Lakh
11Avail FinanceLoan up to ₹50000
12NIRA Instant Loan AppLoan up to 2 Lakh
13Branch Loan AppLoan up to ₹50,000
14Smart coin Loan AppLoan up to 2 Lakhs
15Rupeek App (Gold Loan)Loan up to 50 Lakhs
16Simple Pay LaterLoan up to 1 Lakhs
17Mobikwik (Credit Line + Consumer Loan)Loan up to 2 Lakh
18Paytm Personal LoanLoan up to 2 Lakh
19Krazybee (Consumer Loan)Loan up to 2 Lakh
20Bharatpe (Business Loan)Loan up to 5 Lakh
21Paytm Postpaid (Credit Line)Loan up to 1 Lakhs
22True CallerLoan up to 5 Lakh
23Simply Cash Loan AppLoan up to 2 Lakh
24SliceLoan up to 1 Lakhs
25True BalanceLoan up to ₹50,000
26Zest M28oney (Consumer Loan)Above 2 Lakh
27Amazon P29ay LaterLoan up to ₹60,000
28Flipkart Pay LaterLoan up to ₹60,000
29Tata CapitalAbove 10 Lakhs
30Tata neu Credit card (Qik EMI Card)₹10000 to ₹150000
31Tata Neu App (Qik Personal Loan)₹10000 to ₹10,00,000
32Ola Money pay Later₹1500 to ₹20000
33Khatabook Instant Loan App₹50,000 to ₹0,00,000
34Jupiter credit limitLoan up to ₹50,000
35OneCard Loan App₹10000 to ₹150,000
36Paisabazaar credit limit₹50,000 to ₹10,00,000
37imobile Pay LaterLoan up to ₹ 20,000
38SBI YONO APP₹1500 to ₹60000
39India IDFC First Bank Pay later₹1500 to ₹ 60000
40Bajaj Finserv App₹ 50,000 to ₹ 5,00,000
41Rufilo Loan App₹5000 to ₹25,000
42IBL FINANCE App₹5000 to ₹25,000
43Early Salary Instant Loan App₹ 8,000 to ₹ 500,000
44Money View₹10,000 to ₹ 5,00,000
45CASHe₹1,000 to ₹ 3,00,000
46mPokket₹500 to ₹30,000
47Stashfin – Credit Line & Loan₹1,000 to ₹5,00,000
48MoneyTap₹1,000 to₹60,000
49FairMoney Loan AppLoan up to 2 Lakh
50KreditOne₹5000 to ₹25,000
51FlexSalary Instant Loan App₹5000 to ₹25,000
52DigiMoney– Online Loan App₹5000 to ₹25,000
53IndialendsLoan up to ₹5,00,000
54Mystro Loans & Neo Banking appLoan up to ₹50,000
55Kissht: Instant Line of Credit₹10,000 to ₹ 1,00,000
56IndusMobile: Digital Banking₹5000 to 200,000
57Prefr: Get instant loan₹10,000 to ₹3,00,000
58InstaMoney Personal Loan₹5,000 to ₹25,000
59Swift Loan– Online Loan AppLoan up to ₹50,000
60RapidPaisa₹ 1,000 – ‎₹ 10,000
61CreditScore, CreditCard, LoansLoan up to ₹ 5 Lakh
62Bajaj MARKETS: Loan, Card, UPILoan up to ₹25 Lakhs
63Fullerton India Credit Company LimitedLoan up to ₹25 lakhs
64LoanFront₹2000 to ₹2 lakhs
65PocketlyLoan up to ₹10,000
66Bueno LoansLoan up to ₹25000
67PayRupik– Online Loan AppLoan up to ₹20,000
68Loaney₹200 to ₹20,000
69RupeePark₹5,000 to ₹500,000
70Cash Planet – Online Loan App₹5,000 to ₹500,000
71CreditScore – PaisaBazaar₹ 1000 to ₹ 50,000
72Money Tap₹ 3000 to ₹ 5 lakh

These are some examples of RBI approved loan apps in India. Financial services are provided securely and conveniently to consumers using these apps. However, users should check the credibility of these apps and be cautious of fake apps.

Trusted digital lending platforms recognized by RBI

RBI has recognized some credible digital lending platforms that provide financial services. These platforms provide you finance, business loan, personal loan, home loan, education loan and other financial services. Some of the trusted digital loan platforms are:

  • HDFC Bank
  • KPFL
  • lazin
  • job buddy
  • Employee Benefit Scheme (MSMEP)
  • Indcash Finance
  • instacredit
  • credit b
  • inditech

These are few examples of trusted digital lending platforms recognized by RBI. By using these platforms, you can get reliable and economical services. However, you must ensure that you use the App based on the standards of reliability and security.

Importance of using RBI approved loan apps for financial security

Financial security plays an important role in our life and using RBI approved loan apps helps us in our financial security. These loan apps are important for the following reasons:

  • Reliability and Security: RBI approved loan apps meet the standards of reliability and security. These apps keep your personal information secure and make your financial transactions secure.
  • Official Approval: Using RBI approved loan apps gives us the solidity of financial dependence. These apps manage your transactions in accordance with the financial rules and regulations and guarantee your security.
  • Legal protection: Having your financial transactions protected by a regulatory organization gives you legal protection. These apps guarantee you the high quality and certainty of financial activities.
  • Financial advice and updates: You can get financial advice and updates through RBI approved loan apps. These apps inform you about financial plans, interest rates, home loan plans, and other important information.

One should always use RBI approved loan apps for soundness of financial security. This guarantees our individuality, financial security and convenience.

Benefits of opting for legitimate loan apps

There are many benefits of choosing legitimate loan apps. Here are some important benefits:

  • Secure Transactions: Legitimate loan apps keep your transactions secure. These apps keep personal information and financial transactions encrypted and secure.
  • Business credibility: Legitimate loan apps offer credibility and business credit. These apps comply with the financial regulations and up-to-date laws and you are guaranteed to get secured loans.
  • Faster Approval Process: You get a faster approval process with legitimate loan apps. These apps provide a paperless and online process for documents and required information, thereby reducing the loan approval time.
  • Discreet Interest Rates: Legitimate loan apps provide you with a discreet interest rate. These apps prioritize financial activities and provide loans with the highest qualifications to meet your financial needs.
  • Business advice: Legitimate loan apps provide you business advice. These apps give you business planning, financial planning, and loan advice, so you can make better decisions.

Choosing legitimate loan apps helps ensure financial security. These apps provide you loans with reliability, speed, and financial worthiness, thereby ensuring your financial security.

Protecting Yourself from Fake Loan Apps

Here are some steps you can take to protect yourself from fake loan apps:

  • Check credibility: Before downloading a loan app, check its credibility. You can check the verified information, user reviews and ratings of the app company by visiting its website.
  • Use official sources: You should verify using official sources before downloading the loan app. You can find information about recognized loan apps by using the official website of RBI or official app stores.
  • Read reviews from other users: Read reviews from users of the loan app and learn about their experiences. This will give you accurate and reliable information about the app.
  • Pay attention to the permission sought: Note that loan apps should not ask for personal information and permissions from you. Be aware of unusual or other permission requests and keep your information secure.
  • Cost carefully: If you notice unusual or unreasonable costs before using a loan app, that could be a sign of objection. So, be careful and use only trusted and recognized loan apps.

These tips will help keep you safe from fake loan apps. Always be cautious and give importance to your financial security, so that your financial position is secure.

Reporting fraudulent loan apps to RBI and other authorities

You can take the following steps to report fake loan apps:

  • Report to RBI: You can report fake loan apps information to RBI. You can visit the official website of RBI to provide information on fake apps, user reviews, or other details required for monitoring action.
  • Contact cyber cell/cyber security department: You can also report fake loan apps to cyber cell or cyber security department of your state or central government. Contact these authorities through the contact information available on your state or central government website.
  • Report to Cyber Investigation Alliance: You can also report fraudulent loan apps to Cyber Investigation Alliance. This allows government and non-governmental organizations to monitor and take action on your complaint.
  • Contact the consumer helpline: You can also register a complaint about fake loan apps by contacting the consumer helpline. Consumer protection and grievance management programs will help you with this.

Reporting fake loan apps can help us fight cybercrime and keep users safe. Always take the time to report fake apps as well as keep consumers aware of them.


Raising awareness about the growing problem of Fake Loan App List is extremely important. You must be vigilant about your financial security and use only RBI approved and certified loan apps. You must be careful to identify and report bogus loan apps. Together we can solve this problem by reporting fake loan apps to RBI and other fighting authorities. Always be on the lookout for our financial safety and secure transactions and use only trusted RBI approved loan apps.

Leave a comment