7 Days Loan App List: 7 Days Fake Loan App List in India

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.

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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 LoanCash pocket
Beloan AppRupee King
Fish loanFlash rupee
Fast coinFast rupee
Go CashEasy Credit Loan
Money treeDiscover Loan
Hone LoanEslite loan
Yes rupeePesin Bee
Cash AdvanceLife stream loan
Pesin BeeHello 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

  1. 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.
  2. 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.
  3. 7 Days Loan App lures you with instant personal loans.
  4. 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:

7 day loan app Common Tactics Used by Scammers to Deceive Borrowers
  1. 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.
  2. 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.
  3. Scammers hide unfavorable terms and conditions in the loan agreement, causing borrowers
  4. Some 7 days loan app use phishing techniques or distribute malware to steal sensitive information from users’ devices.
  5. 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 NameCredit Limit
Kreditbee: Fast Personal Loan1000 to 3 lakhs
Money View: Personal Loan App10k to 5 lakhs
TrueBalance – Personal Loan App5k to 50k
Fibe: Personal Loan Online App8k to 5 lacs
PaySense: Personal Loan App5k to 5 lakhs
MoneyTap – Credit Lines & Loan3k to 5 lakhs
IIFL Finance5k to 5 lakhs
Faircent50k to 10 lakhs
Home Credit – Loan App5k to 5 lakhs
Bajaj FinservUp to 25 lakhs

RBI Registered 7 days NBFC Loan App list

  1. Kreditbee: Fast Personal Loan
Kreditbee Personal Loan (RBI Registered 7 day loan app)

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 RateInterest rates ranging from 15% to 29.95% per annum
ProcessThe entire procedure is completely online
Loan AmountLoans from Rs 1,000 to Rs 3 lakhs
Processing FeeRs 85 to up to 6% of loan amount
Tenure3 to 24 months
Money View Personal Loan (RBI Registered 7 day loan app)

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 RateStarting from 2% of the approved loan amount
Loan Process100% Paperless application process
Loan AmountRs 5,000 to Rs 5 lakhs
Processing FeesLong repayment tenure of up to 60 months
TenureLong 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 RateInterest rates starting from 2.4% per month
Loan Process100% Paperless loan application
Loan AmountRs 5,000 to 50,000
Processing Fees0 to 7% of the loan amount
TenureUp 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 RateFlexible repayment tenure of up to 36 months
ProcessPaperless application process
Loan AmountInstant loans up to 5 lakhs
Processing fees2% of the loan amount
TenureFlexible 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 RateInterest rates ranging from 16% – 35% p.a.
ProcessInstant Process, 100% Fast and Secure
Loan AmountLoans from Rs 5,000 to Rs 5 lakhs
Processing FeesRs 500 to up to 3% of the loan amount + GST
Tenure3 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.

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