In recent years, the proliferation of digital lending platforms has made it easier for individuals to access quick loans. However, not all loan apps are legitimate or trustworthy.
Some fraudulent apps exploit unsuspecting borrowers, leading to financial distress and privacy breaches.
To protect yourself, it’s crucial to be aware of the banned loan apps in 2024. That’s why we have curated a List of Fake Loan Apps to Avoid in 2024.
Let’s delve into the details:
What Are Fake Loan Apps?
Fake loan apps are malicious software applications designed to deceive users into believing they are legitimate loan providers.
These apps often mimic genuine financial services, using convincing branding and sophisticated interfaces to appear credible.
Scammers behind these apps employ various tactics, such as offering unrealistically low interest rates, demanding high upfront fees, and requiring sensitive personal information under the guise of processing a loan application.
Why Are These Apps Banned?
The Reserve Bank of India (RBI) and other regulatory bodies have identified several loan apps that engage in unethical practices.
These apps often charge exorbitant interest rates, misuse personal data, and employ aggressive collection tactics.
To safeguard consumers, the RBI maintains a list of banned loan apps that individuals should avoid.
Signs of a Fake Loan App
Recognizing a fake loan app can save you from significant financial and emotional distress. Here are some common warning signs: (List of Fake Loan Apps to Avoid)
Unrealistic Promises
If an app promises instant loans with no credit checks or offers terms that seem too good to be true, it’s likely a scam. Genuine lenders assess your creditworthiness before approving a loan.
High Upfront Fees
Legitimate lenders typically do not require large upfront payments. If an app demands high fees before processing your application, be cautious.
Lack of Proper Licensing
Authentic loan providers are registered and licensed by financial authorities. Verify the app’s credentials with relevant regulatory bodies.
Poor App Design and Functionality
Fake apps often have subpar user interfaces, frequent glitches, and poor overall functionality. These issues are red flags indicating a lack of professional development.
Overly Aggressive Marketing Tactics
Beware of apps that use high-pressure sales tactics, such as constant notifications and limited-time offers, to push you into making hasty decisions.
The List Of Fake Loan Apps in India (2024 Updated)
Here’s a rundown of some of the most notorious fake loan apps you should steer clear of in 2024:
| 1 | Agile Loan app | 260 | Easy credit |
| 2 | Aladdin Lamp | 261 | Easy Credit Loan App |
| 3 | Angel Loan | 262 | Easy loan |
| 4 | Apna Paisa | 263 | EasyCash Loan |
| 5 | Apple cash | 264 | Easy Rp |
| 6 | Ariaeko Lone | 265 | Elephant Cash |
| 7 | Asan Loan | 266 | Es Loan |
| 8 | ATD lone | 267 | Eulavt App |
| 9 | Balance lone | 268 | Express loan |
| 10 | Basket loan | 269 | Express Loan |
| 11 | Bellono Loan | 270 | Fash rupee |
| 12 | Bellono Loan App | 271 | Fast cash |
| 13 | Best Paisa | 272 | Fast coin |
| 14 | Betwinner betting | 273 | Fast Paisa |
| 15 | Bharat Cash | 274 | Fast cash |
| 16 | Bright Cash | 275 | Fast rupee Loan App |
| 17 | Bright money | 276 | Fast Rupee |
| 18 | Buddy Loan | 277 | Fexli Loan |
| 19 | Bus rupee | 278 | First Cash |
| 20 | Bharat Cash App | 279 | Flash Loan App |
| 21 | Clear Loan | 280 | Flash Loan Mobile |
| 22 | Cash Advance | 281 | Flash rupee |
| 23 | Cash Advance Loan App | 282 | Flip cash |
| 24 | Cash Advance Atach | 283 | For Pay |
| 25 | Cash Advance T1 | 284 | Forpay app |
| 26 | Cash Advance Attach | 285 | Fortress Loan App |
| 27 | Cash Book | 286 | fortune now |
| 28 | cash bowl | 287 | fresh loan |
| 29 | Cash Carry App | 288 | Fri Loan |
| 30 | Cash Cola | 289 | Funny happen |
| 31 | Cash colla | 290 | Get Cash |
| 32 | Cash cow App | 291 | Gold Cash |
| 33 | Cash Cow | 292 | Gold loan app |
| 34 | Cash Credit | 293 | Gold Sea |
| 35 | Cash curry | 294 | Goldcash |
| 36 | Cash fish | 295 | Goldman Payback |
| 37 | Cash go | 296 | guru loan app |
| 38 | Cash Guru App | 297 | Hand Cash |
| 39 | Cash magic | 298 | Hand Cash Friendly Loan |
| 40 | Cash Hole | 299 | Handey Loan |
| 41 | Cash host Loan App | 300 | Handy loan |
| 42 | Cash Host | 301 | Hello Box |
| 43 | cash machine | 302 | Hello Rupee |
| 44 | Cash Machine Loan | 303 | Hi Credit App |
| 45 | Cash magic | 304 | Holiday Mobile Loan |
| 46 | Cash manager | 305 | Honey Loan |
| 47 | Cash Manager | 306 | Honey Loan App |
| 48 | Cash Mine | 307 | Holiday Mobile |
| 49 | Cash Papa | 308 | Hoo Cash |
| 50 | Cash Park Loan App | 309 | Hu cash |
| 51 | Cash park | 310 | I Credit |
| 52 | Cash Park Loan | 311 | I karza |
| 53 | Cash Pocket | 312 | Income loan |
| 54 | cash pocket live Cash | 313 | Income OK |
| 55 | Cash Samosa | 314 | IND loan |
| 56 | cash star miniso rupee | 315 | India AI Credit Cash Loan |
| 57 | Cash Station | 316 | Infinity Cash |
| 58 | Cashcarry Loan App | 317 | Insta Loan |
| 59 | Cashcom | 318 | Insta money |
| 60 | cashpal | 319 | Jo Cash |
| 61 | Clear Loan | 320 | Just paise Loan App |
| 62 | Coin Rupee | 321 | Just money |
| 63 | Crazy Cash | 322 | Kash loan |
| 64 | Credit buzz | 323 | Koko cash |
| 65 | Credit Loan | 324 | Koko Loan |
| 66 | Crystal Loan | 325 | koko loan |
| 67 | Credit Pearl | 326 | Lend Mall |
| 68 | credit wallet | 327 | Link Money |
| 69 | Crystal Loan | 328 | Live Cash Loan App |
| 70 | Daily Loan | 329 | Live Cash |
| 71 | Dhan Pal | 330 | Loan Cube |
| 72 | Discover Loan App | 331 | loan cube |
| 73 | Dream loan | 332 | Loan dream Ap[ |
| 74 | DuttaRuppes | 333 | Loan Dream |
| 75 | E Paisa | 334 | Loan fortune |
| 76 | Eagle cash loan App | 335 | Loan Fortune |
| 77 | Early Credit App | 336 | Loan Home Small |
| 78 | Easy Barrow Loan App | 337 | loan loji |
| 79 | Easy Borrow Cash loan | 338 | Loan Resource(disi) |
| 80 | Easy brave | 339 | Loan Sathi |
| 81 | Loanzone | 340 | Rupeek buzz |
| 82 | Lucky Loan App | 341 | Rupeek cash |
| 83 | Lucky Wallet | 342 | Rupeek fenta |
| 84 | M pocket | 343 | Rupeeking |
| 85 | MagicCash Loan App | 344 | Rupeeok |
| 86 | Magic Money | 345 | Rupeeplus |
| 87 | Magicc Loan | 346 | Rupeeredee Loan App |
| 88 | Mama Loan | 347 | Rupeestar |
| 89 | Magicc Loan App | 348 | Rupiya bus |
| 90 | Marvel cash | 349 | Rupiya company |
| 91 | Marwel Loan Baba | 350 | Rush Loan |
| 92 | Matero Finance | 351 | Samay Rupee |
| 93 | May Loan | 352 | Sharp corn |
| 94 | Mi Rupe | 353 | Sharp Loan |
| 95 | Minute Loan App | 354 | Simple Loan App |
| 96 | Minute cash | 355 | Shuttle Loan |
| 97 | Minutes In Cash | 356 | Silver Pocket |
| 98 | Mo Cash | 357 | Simple Loan |
| 99 | Mobikquick | 358 | Sky Loan |
| 100 | Mobile cash | 359 | Slice pay |
| 101 | Monday money app | 360 | Small Loan |
| 102 | Money box | 361 | Small Cash Loan App |
| 103 | Money Ladder | 362 | SmalLoan App |
| 104 | Money lander | 363 | Smart Coin |
| 105 | Money Master | 364 | star loan |
| 106 | Money Master App | 365 | Store Loan |
| 107 | Money muthual | 366 | Sun cash |
| 108 | Money pocket | 367 | SUN CASH |
| 109 | money stand pro | 368 | Sunny loan |
| 110 | Money standup | 369 | Time loan |
| 111 | Money tree | 370 | Top Cash |
| 112 | money stand pro App | 371 | tree lone |
| 113 | Money View App | 372 | Tyto Cash |
| 114 | Monney Tank | 373 | Unit Cash |
| 115 | More cash | 374 | UPA Loan |
| 116 | More Cash App | 375 | UPO Loancom |
| 117 | More Loan | 376 | Voice loan |
| 118 | My Cash Loan | 377 | Volcano Loan |
| 119 | My Kredit | 378 | Wallaby App |
| 120 | Name of app | 379 | Wallet Payee |
| 121 | Ob cash loan | 380 | Apna Paisa |
| 122 | ob cash loan App | 381 | Walletpro |
| 123 | Ok Rupee Loan App | 382 | Warn Rupee |
| 124 | One Loan Cash Any Time | 383 | Wen Credit |
| 125 | One loan easy loan | 384 | Wow Rupee |
| 126 | onstream | 385 | Yes Cash |
| 127 | Orange Loan | 386 | Yes Rupees |
| 128 | Orange Loan | 387 | Zo zo Cash |
| 129 | Paisawala | 388 | Cash port |
| 130 | Personal Loan App | 389 | Alp cash |
| 131 | Phone pay | 390 | Angel Loan |
| 132 | Pillai Loan | 391 | Apna Paisa |
| 133 | Plump Wallet | 392 | Asana Loan |
| 134 | pocket bank | 393 | Cash Curry |
| 135 | Pokemoney | 394 | Cash era |
| 136 | PradhanmantriYojna Loan | 395 | Cash lion |
| 137 | Pub cash | 396 | Cash Star Miniso Rupee |
| 138 | Quality cash | 397 | Cashon |
| 139 | Quality Cash Loan App | 398 | Coco cash |
| 140 | Quick Loan App | 399 | Credit finch |
| 141 | Rapid | 400 | Dhani |
| 142 | Rainbow Loan | 401 | Early Credit App |
| 143 | Rapid Paisa | 402 | Elephant loan |
| 144 | Reliable Rupee Cash | 403 | Eye Credit |
| 145 | rich cash | 404 | Fast Paisa |
| 146 | Rich Loan Go | 405 | Fast Rupee |
| 147 | Rocket Loan | 406 | First Cash |
| 148 | Royal able rupee cash | 407 | Flash Loan Mobile |
| 149 | Royal cash | 408 | Go cash |
| 150 | Rupee Box | 409 | Hand Cash |
| 151 | Rupee Loan | 410 | Ind Loan |
| 152 | Rupee Cash Loan | 411 | Insta Loan |
| 153 | Rupee Magic | 412 | Insta Money |
| 154 | Rupee mall | 413 | Lend Mall |
| 155 | Rupee Online | 414 | Live Cash |
| 156 | Rupee Papa | 415 | Loan Resource (DIC) |
| 157 | Rupee pocket | 416 | Loan tap |
| 158 | Rupee salam | 417 | Loan zone |
| 159 | Rupee smart | 418 | Loanzone |
| 160 | Rupee Star | 419 | Micredit |
| 161 | My Cash Loan | 420 | Cash Cola |
| 162 | Onstream | 421 | Cash Carry Loan App |
| 163 | Plump Wallet | 422 | Cash App |
| 164 | Quick cash | 423 | Cash Cola |
| 165 | Rich Cash | 424 | Cash colla Loan |
| 166 | Rupee Magic | 425 | MateroFinance |
| 167 | Rupee pus | 426 | Cash Guru App |
| 168 | RupeePlus | 427 | Cash Credit |
| 169 | Rupees plus | 428 | Cash curry |
| 170 | Samay Rupee | 429 | Cash fish |
| 171 | Small Loan | 430 | Cash go |
| 172 | Smile loan | 431 | CashCow Loan App |
| 173 | Star Loan | 432 | Rupeekbuzz |
| 174 | Tap credit | 433 | Cash Guru App |
| 175 | Wow Rupee | 434 | Cash Hole |
| 176 | 66 cash | 435 | Cash Hole Loan |
| 177 | 66 Cash App | 436 | Cash host |
| 178 | Agile Loan app | 437 | Cash Host Application |
| 179 | Agile Cash App | 438 | Cash Light |
| 180 | Aladdin Lamp | 439 | cash machine |
| 181 | Angel Loan | 440 | Bharat Cash |
| 182 | Ant cash | 441 | Coin Rupee |
| 183 | Apna Paisa Cash | 442 | Cash Machine Loan |
| 184 | Apna Paisa | 443 | Cash Machine |
| 185 | Apple cash | 444 | Cash magic |
| 186 | Arak Loan | 445 | Cash Papa |
| 187 | Ariaeko Lone | 446 | Cash Manager |
| 188 | Asan Credit | 447 | Cash park |
| 189 | Asan Loan | 448 | Cash Mine |
| 190 | Asan Loan App | 449 | Cash Papa |
| 191 | Asan Loan | 450 | Cash manager |
| 192 | ATD Loan | 451 | Cash Park |
| 193 | ATD lone App | 452 | Cash Mine |
| 194 | Balance Loan | 453 | Cash Park Loan App |
| 195 | Balance lone | 454 | Cash Park Loan |
| 196 | Basket loan | 455 | CashPark Loan App |
| 197 | Bellono Loan | 456 | Cash Pocket Live Cash |
| 198 | Bellono Loan App | 457 | Cash Pocket |
| 199 | Bellono App | 458 | Cash pocket |
| 200 | Beloan App | 459 | Cash Pocket Loan App |
| 201 | Belono Loan | 460 | cash pocket App |
| 202 | Best Paisa | 461 | Cash Pocket Live Cash |
| 203 | Best Paisa Loan App | 462 | Cash room |
| 204 | Betwinner betting | 463 | Cash Samosa |
| 205 | BetWinner LOan | 464 | cash star miniso rupee |
| 206 | Bharat Cash | 465 | Cash Station |
| 207 | Cash Machine Loan | 466 | Cash today |
| 208 | Bharat Cash | 467 | CashcarryApp |
| 209 | Bright Cash | 468 | CashCarry Loan App |
| 210 | Bright money | 469 | Cashcom |
| 211 | Bud Loan | 470 | cashpal |
| 212 | Buddy Loan | 471 | Clear Loan App |
| 213 | Bus rupee | 472 | Chhota Loan |
| 214 | Bus Rupee | 473 | Cashpal |
| 215 | cash | 474 | Clear Loan |
| 216 | Cash Advance | 475 | Coco Loan |
| 217 | Cash Loan App | 476 | Cashcom App |
| 218 | Cash Advance Loan App | 477 | Cash Machine Loan |
| 219 | Cash Advance Atach | 478 | Income Value |
| 220 | Cash Advance T1 | 479 | Joe Cash |
| 221 | Cash advance | 480 | Loan Saathi |
| 222 | Cash Advance App | 481 | Tree Loan |
| 223 | Cash Book Loan Application | 482 | Money Master |
| 224 | Cash Book | 483 | Silver Pocket |
| 225 | Cash Personal loan App | 484 | Loan Home Small |
| 226 | cash bowl | 485 | Who Cash |
| 227 | Cash Bowl Loan App | 486 | Forpay app |
| 228 | Cash Carry Loan Application | 487 | Rainbow Loan |
| 229 | Cash Carry App | 488 | Brightmoney |
| 230 | Cash Cash App | 489 | Cashmagic |
| 231 | guruloanapp | 490 | Cashhost |
| 232 | Paisawala | 491 | Goldcash |
| 233 | Easybrave | 492 | Mobilecash |
| 234 | Moneystandup | 493 | Easycredit |
| 235 | Goldloanapp | 494 | Moneytree |
| 236 | Cashgo | 495 | Loanfortune |
| 237 | Funnyhappen | 496 | Rupeesmart |
| 238 | Moneytree | 497 | Flashrupee |
| 239 | Loanfortune | 498 | ZozoCash |
| 240 | Rupeesmart | 499 | CashPark |
| 241 | Flashrupee | 500 | LiveCash |
| 242 | ZozoCash | 501 | Cashmagic |
| 243 | CashPark | 502 | Suncash |
| 244 | LiveCash | 503 | Incomeloan |
| 245 | Suncash | 504 | UnitCash |
| 246 | Incomeloan | 505 | BrightCash |
| 247 | UnitCash | 506 | Magicmoney |
| 248 | Moneylander | 507 | Sunnyloan |
| 249 | Brightmoney | 508 | Royalcash |
| 250 | Easybrave | 509 | Sharpcorn |
| 251 | Moneystandup | 510 | Marvelcash |
| 252 | Goldloanapp | 511 | Mobikquick |
| 253 | Cashgo | 512 | Cashfish |
| 254 | Funnyhappen | 513 | Paisawala |
| 255 | IndiaAICreditCashLoan | 514 | Voiceloan |
| 256 | StoreLoan | 515 | guruloanapp |
| 257 | SmartLoan | 516 | free cash |
| 258 | Blink loan | 517 | Rupee Park App |
| 259 | GOLDEN RUPEE | 518 | Wonder Loan app |
20 Seconds to wait….
Open Now
List Of Fake Loan Apps in India (PDF 2024)
Which loan apps are banned by RBI?
Below is the list of Banned Loan Apps in India PDF 👇
How to Protect Yourself from Fake Loan Apps?
1. Verify the App’s Credentials
- Download from Official Stores: Only download loan apps from verified sources like Google Play or Apple App Store. Avoid third-party websites or unverified platforms.
- Check for Reviews and Ratings: Look for user reviews and ratings. Low ratings or negative feedback should raise red flags.
- Terms and Conditions: Legitimate loan apps have clear terms and conditions. Avoid apps that promise instant loans without proper documentation.
2. Understand the Terms
- Interest Rates: Be wary of unrealistic interest rates. If an app offers loans at exceptionally high rates, reconsider.
- Processing Fees: Some fake apps charge exorbitant processing fees. Read the fine print before proceeding.
- Hidden Charges: Scrutinize the terms for hidden charges. Legitimate lenders are transparent about fees.
3. Protect Your Personal Information
- Permissions: When you install an app, it often requests access to your phone’s data. Be cautious. Some apps misuse this information.
- Aadhaar and PAN: Avoid apps that ask for sensitive details like your Aadhaar or PAN card without a valid reason.
- Contacts List: Some apps access your entire contacts list. Understand why they need this information before granting permission.
4. Research the Lender
- Registered with RBI: Verify if the lender is registered with the Reserve Bank of India (RBI). Legitimate lenders comply with regulations.
- Background Checks: A genuine lender will conduct background checks. Avoid those that skip this step.
5. Report Suspicious Activity
- Prompt Reporting: If you encounter suspicious behavior or harassment, report it promptly to relevant authorities.
- Stay Informed: Educate yourself about common scams. Share this knowledge with friends and family.
Remember, your financial safety matters. Avoid falling into the trap of fake loan apps.
List of Fake Loan Apps: FAQs
What should I do if I’ve already shared my information with a fake loan app?
Immediately secure your accounts by changing passwords, monitoring for unusual activity, and reporting the incident to financial institutions and authorities.
How can I identify a fake loan app before downloading it?
Look for red flags such as high upfront fees, unrealistic promises, poor app design, and lack of proper licensing. Check reviews and verify information with official sources.
Are there any government resources to help identify fake loan apps?
Yes, many governments provide online resources and advisories through financial regulatory bodies to help the public identify and avoid fake loan apps.
What are some red flags to watch out for in loan app advertisements?
Be cautious of ads promising instant loans with no credit checks, high upfront fees, and aggressive marketing tactics. Always verify the app’s legitimacy before proceeding.
Can fake loan apps be reported to app stores?
Yes, report suspicious apps to the app store where you downloaded them. App stores often have mechanisms to review and remove fraudulent apps based on user reports.
The Bottom Line
Hope you found the list of fake Loan Apps. Yes, navigating the world of online loans requires vigilance and informed decision-making. By recognizing the signs of fake loan apps and knowing how to verify legitimate services, you can protect yourself from financial scams. Stay informed, stay cautious, and prioritize your financial security.
Thanks For Reading!
Read More:
- Unveiling the Ultimate Video Ringtone App, Is Here!
- Lights, Camera, Click! Explore the Top 10 Websites for Movie Downloads
- Never Get Blocked Again: Essential Tips to Unblock Your WhatsApp Step-by-Step
- Maximizing Your Reach: The Power of Digital Marketing Platforms in Promotions
- Turn Your Phone into a Cinematic Marvel: Best Flashlight Video Projector Apps