Fake Loan app list: Do you need an urgent loan? In today’s fast-paced world, financial emergencies can leave you insecure and desperate at any time. While RBI-approved legitimate lending platforms can provide the financial assistance you need, the rise of fake loan apps has become a serious concern.
Scammers people are exploiting people’s desperation, luring them into bogus schemes that can lead to devastating financial losses.
Fake loan apps have infiltrated the market, preying on those desperately seeking financial assistance. These malicious apps not only lead to monetary losses but can also cause emotional distress and a sense of betrayal. In this article, we’ll guide you through the world of Fake loan app lists, helping you spot and avoid them to keep your hard-earned money safe.
What are fake loan apps?
Have you ever stumbled upon an app promising quick loans with minimal documentation? Fake loan apps are malicious applications designed to defraud unsuspecting individuals. They prey on urgent financial needs, exploiting vulnerabilities to steal personal data and hard-earned money.
These apps lure users with easy eligibility criteria and no credit check. Once you provide your details and pay the fee, the apps start demanding more money or running away.
Fake Loan App List in India 2023
Not only are financial needs growing in the digital lending space, but so is the confusing world of RBI-banned Fake Loan apps. After downloading fraudulent apps, users often share their personal and financial details, such as banking and KYC information, on these platforms. As a result, money is automatically withdrawn from their accounts, or the customer is put under psychological pressure through extortion.
The allure of quick money can be tempting, but caution and skepticism must prevail. By staying informed, you have a better chance of protecting yourself from the clutches of these crafty entities.
Here, we are providing you with a Fake loan app list banned by RBI so that you can avoid the clutches of these apps.
| Sr. No. | Fake Loan App List | Sr. No. | Fake Loan App List |
| 1 | Angel Loan | 102 | Fri loan |
| 2 | Apple Cash | 103 | Cashcom |
| 3 | Asan Loan | 104 | Handey loan |
| 4 | Easy Credit | 105 | Get cash |
| 5 | Easy RP | 106 | Income value |
| 6 | Elephant Cash | 107 | Cash advance 1 |
| 7 | Es Loan | 108 | Quick loan app |
| 8 | Balance lone | 109 | Holiday Mobile Loan |
| 9 | Best Paisa | 110 | Plump Wallet |
| 10 | Bellono Loan | 111 | Sky loan |
| 11 | Basket Loan | 112 | Gold cash |
| 12 | Bharat Cash | 113 | Easy borrow cash loan |
| 13 | Bus rupee | 114 | Loan Resource |
| 14 | Clear Loan | 115 | Coco loan |
| 15 | Cash Advance | 116 | Cash machine |
| 16 | Cash Cola | 117 | Cash bowl |
| 17 | Cash Colla | 118 | ATD Loan |
| 18 | Cash cow app | 119 | Loanzone |
| 19 | Cash Cow | 120 | Pocket Bank |
| 20 | Cash Credit | 121 | Cashpal |
| 21 | Cash Fish | 122 | RupeePlus |
| 22 | Cash go | 123 | Kwality Cash |
| 23 | Cash Guru App | 124 | Smart Coien |
| 24 | Cash magic | 125 | Silver Pocket |
| 25 | Cash Manager | 126 | Samay Rupee |
| 26 | Crazy Cash | 127 | Wayne Credit |
| 27 | Credit buzz | 128 | Eye Credit |
| 28 | Credit Pearl | 129 | Loan Cube |
| 29 | Credit wallet | 130 | Coin Rupee |
| 30 | Crystal Loan | 131 | Apna Paisa |
| 31 | Dhan Pal | 132 | Live Cash |
| 32 | Dream Loan | 133 | Get rich |
| 33 | E Paisa | 134 | Express Loan |
| 34 | Eagle Cash loan app | 135 | RupeeKing |
| 35 | Lucky Loan app | 136 | Goldman Payback |
| 36 | Magic Money | 137 | UPA Loan |
| 37 | May loan | 138 | Alp cash |
| 38 | Mi Rupe | 139 | Rupees plus |
| 39 | Minute Cash | 140 | Cashon |
| 40 | Money Box | 141 | Eulavt Loan App |
| 41 | Money Tree | 142 | Panda Rupees |
| 42 | Orange Loan | 143 | Snapit loan |
| 43 | Phone Pay | 144 | Smile Loan |
| 44 | Plump Wallet | 145 | Credit finch |
| 45 | Fast Coin | 146 | Yes Rupee |
| 46 | Fast Paisa | 147 | Infinity |
| 47 | Fast Rupee | 148 | Rupee King |
| 48 | India AI Credit Cash Loan | 149 | Go Go Loan |
| 49 | Flash rupee | 150 | Koko loan |
| 50 | Fri Loan | 151 | My Cash loan |
| 51 | Get Cash | 152 | Bharat cash |
| 52 | Gold Cash | 153 | Hi cash |
| 53 | Goldman Payback | 154 | Cash Park loan |
| 54 | Guru Loan App | 155 | Jasmine loan app |
| 55 | Hoo Cash | 156 | Manta cash |
| 56 | I Credit | 157 | Rainbow loan |
| 57 | I Kraza | 158 | Pillai loan |
| 58 | Income Loan | 159 | Magic loan |
| 59 | IND Loan | 160 | Gold sea |
| 60 | Money lender | 161 | Hi credit app |
| 61 | Jo Cash | 162 | Link money |
| 62 | Small Cash Loan App | 163 | Infinity cash |
| 63 | Star Loan | 164 | my credit |
| 64 | Money Pocket | 165 | Top cash |
| 65 | Time Loan | 166 | Flash loan app |
| 66 | Pub Cash | 167 | Pradhanmantriyojna loan |
| 67 | Money lander | 168 | Handey loan |
| 68 | Guru loan app | 169 | Just money |
| 69 | Money standup | 170 | Flip cash |
| 70 | Cash go | 171 | Small loan app |
| 71 | Rupiya company | 172 | Rupiya company |
| 72 | Just money | 173 | Cash go |
| 73 | Ob cash loan | 174 | Easy brave |
| 74 | Royal able rupee cash | 175 | Paisawala |
| 75 | Money box | 176 | Bright money |
| 76 | Goldman payback | 177 | Lend mall |
| 77 | Wow rupee | 178 | Live cash loan app |
| 78 | First Cash | 179 | Live cash |
| 79 | Clear loan | 180 | Loan dream app |
| 80 | Asan loan | 181 | Loan fortune |
| 81 | Loan fortune | 182 | Rupee loan app |
| 82 | Cash papa | 183 | Rupiya bus |
| 83 | Loan home small | 184 | Rupiya company |
| 84 | Warn rupee | 185 | Rush loan |
| 85 | Bud loan | 186 | Shuttle loan |
| 86 | Cash mine | 187 | Slice pay |
| 87 | For pay | 188 | Sun cash |
| 88 | Loan cube | 189 | Time loan |
| 89 | Fortune now | 190 | Unit cash |
| 90 | Ok rupee loan app | 191 | UPO Loancom |
| 91 | Loan loji | 192 | Walaby app |
| 92 | Cash carry app | 193 | Wen Credit |
| 93 | Rupee mall | 194 | Alp Cash |
| 94 | O cash | 195 | Cash Era |
| 95 | Honey loanin | 196 | CashCarry Loan app |
| 96 | Mama loan | 197 | Chhota loan |
| 97 | Shuttle Loan | 198 | Joe cash |
| 98 | Wallaby app | 199 | Easycredit tree |
| 99 | Pillai loan | 200 | Rupeesmart |
| 100 | More loan | 201 | Cashmagic |
| 101 | Cash station | 202 | Voice Loan |
How can I identify a fake loan app?
Here are some tips to help you spot fake loan apps:
Check if the lender is authorized by RBI: The Reserve Bank of India (RBI) empowers legitimate lenders and ensures that they comply with the lending policies. If a loan app is not approved by RBI, it could be a fake app.
Avoid apps that ask for upfront payment: Legitimate lenders will not ask for upfront fees or costs for processing your loan application. If a loan app asks for an upfront payment, it may be a scam.
Check whether the app has a website or registered address: Legitimate lenders will have a website and a registered address. If a loan app does not have these details, it could be a fake loan app.
Check Reviews and Ratings: Before downloading a loan app, check its reviews and ratings. If there are many negative reviews or ratings, it may be a fake app.
Avoid lending apps without proper documents: Legitimate lenders will ask for documents like KYC, income proof, bank details, PAN details, etc. Assess the creditworthiness of the borrower as per RBI policies. If a loan app offers a loan without proper documentation, it might be a fake app.
Beware of apps using high-pressure tactics: Fake loan apps may use high-pressure tactics to collect loan payments and harass borrowers. Legitimate lenders would not use such tactics.
Avoid apps that charge high processing fees and interest rates: Legitimate lenders will charge reasonable processing fees and interest rates. If a loan app charges exorbitant fees and interest rates, it could be a fake loan app.
Common Tactics Used by Scammers to Deceive Borrowers
Impersonating legitimate loan companies or government agencies: Scammers may pose as legitimate loan companies or government agencies to trick borrowers into sharing their personal information. They may use official-looking logos and websites to make their scams appear more convincing.
Using high-pressure tactics to convince borrowers to act quickly: Scammers may use high-pressure tactics, such as threatening legal action or arrest, to persuade borrowers to act quickly and provide their personal information or make a payment.
Making unsolicited offers of loan forgiveness or lower interest rates: Scammers may offer unsolicited loan forgiveness or lower interest rates to borrowers in exchange for an upfront fee or personal information. These offers are often too good to be accurate and are designed to trick borrowers into sharing their details.
Charging upfront fees for loan services: Legitimate lenders will not ask for an upfront payment to process your loan application. If a loan app asks for an advance payment, it could be a scam.
Creating illusions of product scarcity: Scammers may create illusions of product scarcity to motivate consumers to act quickly and not rely on their better judgment. This might be advertising something as a one-time offer, a product with a limited-edition price or availability, or rushing us into buying something that ‘has’ to be accepted now – even if we’ve never seen the product in real life.
Pretending to be an authority: Scammers may pretend to be an authority figure, such as a bank representative, police officer, or government official, to gain the trust of their victims and convince them to share their personal information.
Exploiting people’s biases and personality traits: Scammers may prey on people’s preferences and personality traits, such as trustworthiness and impulsiveness, to trick them into sharing their personal information or making a payment.
How to Protect Yourself from Scammers
Be wary of unsolicited phone calls: Scammers can use phone calls, voice messages, and other means to trick you into giving them your personal information. If you receive an unsolicited call, be cautious and do not share any sensitive information.
Avoid downloading fraudulent apps: Scammers can create fake apps that look like popular apps to trick you into downloading them on your phone or laptop. Be sure to download apps only from trusted sources.
Be cautious of phishing scams: Phishing scams are attempts by scammers to trick you into giving them your personal information, such as passwords or credit card numbers, by pretending to be a trustworthy source. Be wary of emails or messages that ask for your personal information. Always verify the source before sharing any sensitive data.
Keep your information secure: Always keep your personal information safe and avoid sharing it with anyone unless necessary.
Block spam callers: You can block spam callers on your phone to avoid receiving unwanted calls from scammers.
Stay away from suspicious emails, texts, and links: Be cautious of emails, texts, and links that seem suspicious or are from unknown sources. Do not click links or download attachments until you are sure they are safe.
FAQ Related to Fake Loan Apps:
What are fake loan apps?
Fake loan apps are mobile applications that claim to offer loans to users but are designed to defraud people. These apps often charge high-interest rates and processing fees and use aggressive tactics to collect loan payments.
How do fake loan apps work?
Fake loan apps tempt users to download them on their phones or laptops. Once the Fake Loan app is downloaded, it asks for personal information such as bank account details, PAN card number, and Aadhaar card number. The app then charges high processing fees and interest rates and uses aggressive tactics to collect loan payments.
How can I spot a fake loan app?
You can identify fake loan apps by checking whether the lender is authorized by the Reserve Bank of India (RBI) Avoid apps that ask for advance payment, check if the app has a website or registered address, read reviews and check the ratings, and avoid apps that provide loans without proper documentation, be wary of apps that use high-pressure tactics, and avoid apps that charge high processing fees and interest rates.
What should I do if I have been cheated by a fake loan app?
If you have been cheated by a fake loan app, you should immediately report the incident to your bank and the police. You should also change the passwords and PINs of all your financial accounts and monitor your bank statements for unauthorized transactions.
How can I protect myself from fake loan apps?
You can keep your personal information safe by being cautious when downloading any financial app, doing your research before sharing any sensitive information, and blocking spam callers, suspicious emails, texts, and links. You can avoid it, and you can protect yourself from fake loan apps by being careful with unsolicited phone calls.
