7 days Loan App List: Many such loan apps in India work to cheat you in exchange for giving a loan. If you apply for a loan here, you may not get the loan, but your details are misused. Through this article, we want to inform you so that you can avoid such 7 days Loan app list/fake loan app. Along with this, we will also tell you about some RBI Registered Loan apps.
What are 7 Days Loan App list?
7 days loan app list refers to a deceptive mobile application or online platform that pretends to provide legitimate loan services but is a scam designed to defraud unsuspecting borrowers. These fraudulent apps are created and operated by scammers to exploit individuals seeking quick and easy access to credit, especially during times of financial need or emergency.
7 days loan app list/Fake loan app often mimics the appearance and functionality of genuine lending platforms, making it challenging for users to differentiate them from legitimate services. They may use the same name, logo, and website design as reputable lenders, creating an illusion of authenticity. The primary goal of these scams is to obtain personal and financial information from victims, which can be used for identity theft, financial fraud, or other malicious purposes.
Characteristics of 7 days Loan App:
Impersonation: They mimic reputable lenders, leading users to believe they are dealing with a legitimate financial institution.
Unrealistic promises: Scammers lure potential borrowers with offers that sound too good to be true, such as low-interest rates, high loan amounts, and guaranteed approval regardless of the borrower’s creditworthiness.
Lack of regulation: 7 days loan app list/Fake loan apps often lack proper licenses and regulatory approvals, indicating their illegality.
Minimal Documentation: To attract victims, scammers may require little or no documentation during the application process, making it seem simple and hassle-free.
Unsecured websites: Fake loan apps can operate on unsecured websites without SSL encryption, potentially exposing users’ personal and financial information to cybercriminals.
No physical presence: Scammers generally operate only through digital channels, avoiding any physical office location or valid contact information.
7 Days Loan App List
Many 7 days loan app/fake loan apps in India are not NBFCs registered by RBI and misuse your personal information. We have mentioned some of them below:
|Instant Loan||Cash pocket|
|Beloan App||Rupee King|
|Fish loan||Flash rupee|
|Fast coin||Fast rupee|
|Go Cash||Easy Credit Loan|
|Money tree||Discover Loan|
|Hone Loan||Eslite loan|
|Yes rupee||Pesin Bee|
|Cash Advance||Life stream loan|
|Pesin Bee||Hello Rupee|
Effects of falling prey to 7 days loan app list
Falling victim to a 7 days loan app can have severe consequences for borrowers:
Financial loss: Victims may lose the advance fees paid to the scammer, adding to their financial difficulties.
Identity Theft: Scammers can use the personal information obtained to commit identity theft, leading to financial fraud and damage to the victim’s credit score.
Stress and anxiety: Being cheated on can cause emotional distress, anxiety, and feelings of helplessness, which can affect the overall well-being of the victim.
Debt Accumulation: Some scammers may continue to charge hidden fees and interest on non-existent loans, driving victims deeper into debt.
Reputation Damage: Falling for a fake loan app may negatively impact a person’s reputation, especially if they are accused of being involved in fraudulent activities.
How to identify 7 days loan app list
- 7 Days Loan App is not an RBI-registered NBFC as it does not follow RBI guidelines. They mimic reputable lenders, leading users to believe they are dealing with a legitimate financial institution.
- Scammers lure potential borrowers with offers that sound too good to be true, such as low-interest rates, high loan amounts, and guaranteed approval regardless of the borrower’s creditworthiness.
- 7 Days Loan App lures you with instant personal loans.
- To attract victims, scammers may require little or no documentation during the application process, making it seem simple and hassle-free.
Common Tactics Used by Scammers to Deceive Borrowers:
- Scammers may request borrowers to pay upfront processing fees or other fees before receiving the loan. Once the payment is made, the scammer vanishes without providing any loan.
- Fraudulent loan apps may ask for excessive personal and financial details during the application process. They can use this information for identity theft or other malicious purposes.
- Scammers hide unfavorable terms and conditions in the loan agreement, causing borrowers
- Some 7 days loan app use phishing techniques or distribute malware to steal sensitive information from users’ devices.
- After receiving personal information or fees from borrowers, scammers may suddenly stop responding to communications, leaving victims without the promised loan.
7 days Instant Personal Loan App (RBI Registered Loan App)
An RBI-approved loan app developed and operated by a financial institution is registered and regulated by the RBI. This includes banks, non-banking financial companies (NBFCs), and other lending institutions.
RBI Approved Loan App is a mobile application designed to provide loans. An RBI-registered loan app must comply with all RBI rules and guidelines related to loan disbursement, repayment, and recovery. Additionally, the lender must have a valid certificate of RBI-approved Loan App in India. That is issued after the lender has undergone a thorough inspection and review process.
Best 10 RBI Registered 7 days Loan App List in India 2023
Many companies in India have been licensed by the RBI (Reserve Bank of India). This license is given only to loan apps that follow RBI’s guidelines. Here we will provide you with some of the most famous RBI Registered Loan app lists where you can apply for the loan.
|App Name||Credit Limit|
|Kreditbee: Fast Personal Loan||1000 to 3 lakhs|
|Money View: Personal Loan App||10k to 5 lakhs|
|TrueBalance – Personal Loan App||5k to 50k|
|Fibe: Personal Loan Online App||8k to 5 lacs|
|PaySense: Personal Loan App||5k to 5 lakhs|
|MoneyTap – Credit Lines & Loan||3k to 5 lakhs|
|IIFL Finance||5k to 5 lakhs|
|Faircent||50k to 10 lakhs|
|Home Credit – Loan App||5k to 5 lakhs|
|Bajaj Finserv||Up to 25 lakhs|
RBI Registered 7 days NBFC Loan App list
Kreditbee is an app and online portal that offers instant personal loans with limited paperwork. Along with instant credit, the app gives users 24-hour customer help 365 days a year and various options such as cash loans, salary advances, and quick loans.
|Interest Rate||Interest rates ranging from 15% to 29.95% per annum|
|Process||The entire procedure is completely online|
|Loan Amount||Loans from Rs 1,000 to Rs 3 lakhs|
|Processing Fee||Rs 85 to up to 6% of loan amount|
|Tenure||3 to 24 months|
MoneyView provides instant personal loans through a completely digital, easy-to-use platform. One can apply for a loan up to Rs 5,00,000 and get approved in less than 2 minutes! It offers customized EMI plans with affordable interest rates & longer repayment tenure. There are no hidden charges, quick and simple process without extensive paperwork.
|Interest Rate||Starting from 2% of the approved loan amount|
|Loan Process||100% Paperless application process|
|Loan Amount||Rs 5,000 to Rs 5 lakhs|
|Processing Fees||Long repayment tenure of up to 60 months|
|Tenure||Long repayment tenure up to 60 months|
True Balance is a Personal app that has been trusted by over 75 million users across the country. True Balance is a 100% safe and secure, lending & financial services platform. It offers instant cash of up to Rs 50,000 at a low process fee. There are no hidden charges, quick and simple process without extensive paperwork.
|Interest Rate||Interest rates starting from 2.4% per month|
|Loan Process||100% Paperless loan application|
|Loan Amount||Rs 5,000 to 50,000|
|Processing Fees||0 to 7% of the loan amount|
|Tenure||Up to 6 months|
Fibe (previously known as EarlySalary) is India’s first lending platform. It is a financial ecosystem that enables mid-income groups to upgrade their lifestyle. Fibe offers a single credit line for every credit need of young working professionals and it takes just seconds to complete a 100% digital loan application process. Even those without a credit score can get instant cash for their big and small upgrades.
|Interest Rate||Flexible repayment tenure of up to 36 months|
|Process||Paperless application process|
|Loan Amount||Instant loans up to 5 lakhs|
|Processing fees||2% of the loan amount|
|Tenure||Flexible repayment tenure up to 36 months|
PaySense is a Personal Loan app that offers loans up to 5 lakhs at attractive interest rates, zero collaterals, and flexible EMIs. It provides instant personal loans to salaried and self-employed business owners with tenure ranging from 3 to 30 months.
|Interest Rate||Interest rates ranging from 16% – 35% p.a.|
|Process||Instant Process, 100% Fast and Secure|
|Loan Amount||Loans from Rs 5,000 to Rs 5 lakhs|
|Processing Fees||Rs 500 to up to 3% of the loan amount + GST|
|Tenure||3 to 30 months|
7 days loan app apk
Through the 7 Days Loan Apk app, you are cheated in the name of a loan, get your personal information from you, and misuse that information. So, we recommend you apply for a loan from NBFC registered by RBI.
You will find many legitimate apps on Google Play Store which are registered NBFCs and follow all RBI guidelines.
FAQ Related to 7 days loan app/fake loan app
Are online loan apps safe?
Online loan apps can be safe as long as they are Registered by the Reserve Bank of India (RBI) and follow the rules set by RBI. It is necessary to be careful and take steps to protect yourself when using online loan apps.
How do I spot a 7 days loan app list?
Several red flags can help identify 7 days loan app list. Look out for apps with poor reviews, lack of a legitimate website, or excessive permissions during installation. Apps that ask for upfront payment or personal information are likely to be fraudulent.
How to get a loan of 1000 rupees?
If you wish to take a loan of Rs 1000, you can easily do so through the registered NBFC app. You will need to submit the necessary documents such as the PAN Card, Aadhaar Card, and Bank Statement. Additionally, your Aadhaar card must be linked to your mobile number to avail of the loan digitally.
What are 7 days loan apps?
7 days loan app lists are deceptive mobile applications that falsely claim to provide quick and easy loans but are designed to defraud and exploit users. These apps may collect personal information, charge hidden fees, or even engage in identity theft.
How can I report a fake loan app or cyber fraud?
You can report a fake loan app or cyber fraud to your local law enforcement agency and file a complaint with the cybercrime cell. Inform the official app store where the app is listed to take appropriate action.