In India, a list of banned loan apps in 2023 will be made up of a register or directory of Indian and foreign fake loan apps that have been banned by the Reserve Bank of India (RBI) and taken off the approved list of Non-Banking Financial Companies (NBFCs).
The Reserve Bank of India (RBI) is continuously banning new loan apps that are not regulated, therefore the list of banned loan applications in 2023 must be up to date.
What is a fake loan application?
Fake loan apps are bogus mobile apps that pretend to be real loan companies but steal personal and financial information or trick users into paying fees for loans they will never get.
How do fake apps for loans work?
Call it the pandemic’s lasting effect on people’s finances, but many gullible Indians have recently fallen for the fast loans offered by unregulated digital lending apps, many of which are connected to Chinese companies. After personal information is stolen, borrowers go through a never-ending cycle of extortion, which has led some of them to kill themselves.
Fake loan apps often get people to download them by promising quick loans or attractive loan terms.
- Under the guise of a loan application, asking for personal and financial information like bank account or credit card numbers. This information can then be used for unauthorized transactions or identity theft.
- Under the guise of processing or guarantee fees, asking for money upfront while making false claims about how the loan will be distributed.
- After collecting the money, they disappear or can’t be reached.
- They often change their names, websites, and looks to avoid being caught.
How to Spot a Fake Loan Application?
- High-interest rates or loan terms that don’t make sense.
- Requests for private information, like your Aadhar number or full access to your bank account.
- Fees upfront or costs you don’t see.
- The app’s interface is poorly made or unprofessional.
- There isn’t enough information about the lender or there isn’t enough of it.
- There is no physical address and not much is known about the company.
- Requests for money to be paid or transferred right away.
- Requests to access your device from afar.
- There are no clear rules or policies.
- There is no clear information about how to pay back a loan or how much interest it will cost.
Read More:Â 50+ RBI Registered Loan Apps in India 2023
Fake loan apps in India 2023
| SR. NO. | FAKE LOAN APP NAME | SR. NO. | FAKE LOAN APP NAME |
| 1 | Agile Loan app | 258 | Easy credit |
| 2 | Aladdin Lamp | 259 | Easy Credit Loan App |
| 3 | Angel Loan | 260 | Easy loan |
| 4 | Apna Paisa | 261 | EasyCash Loan |
| 5 | Apple cash | 262 | Easy Rp |
| 6 | Ariaeko Lone | 263 | Elephant Cash |
| 7 | Asan Loan | 264 | Es Loan |
| 8 | ATD lone | 265 | Eulavt App |
| 9 | Balance lone | 266 | Express loan |
| 10 | Basket loan | 267 | Express Loan |
| 11 | Bellono Loan | 268 | Fash rupee |
| 12 | Bellono Loan App | 269 | Fast cash |
| 13 | Best Paisa | 270 | Fast coin |
| 14 | Betwinner betting | 271 | Fast Paisa |
| 15 | Bharat Cash | 272 | Fast cash |
| 16 | Bright Cash | 273 | Fast rupee Loan App |
| 17 | Bright money | 274 | Fast Rupee |
| 18 | Buddy Loan | 275 | Fexli Loan |
| 19 | Bus rupee | 276 | First Cash |
| 20 | Bharat Cash App | 277 | Flash Loan App |
| 21 | Clear Loan | 278 | Flash Loan Mobile |
| 22 | Cash Advance | 279 | Flash rupee |
| 23 | Cash Advance | 280 | Flip cash |
| 24 | Cash Advance Atach | 281 | For Pay |
| 25 | Cash Advance T1 | 282 | Forpay app |
| 26 | Cash advance | 283 | Fortress Loan App |
| 27 | Cash Book | 284 | fortune now |
| 28 | cash bowl | 285 | fresh loan |
| 29 | Cash Carry App | 286 | Fri Loan |
| 30 | Cash Cola | 287 | Funny happen |
| 31 | Cash colla | 288 | Get Cash |
| 32 | Cash cow App | 289 | Gold Cash |
| 33 | Cash Cow | 290 | Gold loan app |
| 34 | Cash Credit | 291 | Gold Sea |
| 35 | Cash curry | 292 | Goldcash |
| 36 | Cash fish | 293 | Goldman Payback |
| 37 | Cash go | 294 | guru loan app |
| 38 | Cash Guru App | 295 | Hand Cash |
| 39 | Cash Magic | 296 | Hand Cash Friendly Loan |
| 40 | Cash Hole | 297 | Handey Loan |
| 41 | Cash host Loan App | 298 | Handy loan |
| 42 | Cash Host | 299 | Hello Box |
| 43 | cash machine | 300 | Hello Rupee |
| 44 | Cash Machine Loan | 301 | Hi Credit App |
| 45 | Cash Magic | 302 | Holiday Mobile Loan |
| 46 | Cash manager | 303 | Honey Loan |
| 47 | Cash Manager | 304 | Honey Loan App |
| 48 | Cash Mine | 305 | Holiday Mobile |
| 49 | Cash Papa | 306 | Hoo Cash |
| 50 | Cash Park Loan App | 307 | Hu cash |
| 51 | Cash park | 308 | I Credit |
| 52 | Cash Park Loan | 309 | I karza |
| 53 | Cash Pocket | 310 | Income loan |
| 54 | cash pocket live Cash | 311 | Income OK |
| 55 | Cash Samosa | 312 | IND loan |
| 56 | cash star miniso rupee | 313 | India AI Credit Cash Loan |
| 57 | Cash Station | 314 | Infinity Cash |
| 58 | Cashcarry Loan App | 315 | Insta Loan |
| 59 | Cashcom | 316 | Insta money |
| 60 | cashpal | 317 | Jo Cash |
| 61 | Clear Loan | 318 | Just paise the Loan App |
| 62 | Coin Rupee | 319 | Just money |
| 63 | Crazy Cash | 320 | Kash loan |
| 64 | Credit buzz | 321 | Koko cash |
| 65 | Credit Loan | 322 | Koko Loan |
| 66 | Crystal Loan | 323 | koko loan |
| 67 | Credit Pearl | 324 | Lend Mall |
| 68 | credit wallet | 325 | Link Money |
| 69 | Crystal Loan | 326 | Live Cash Loan App |
| 70 | Daily Loan | 327 | Live Cash |
| 71 | Dhan Pal | 328 | Loan Cube |
| 72 | Discover Loan App | 329 | loan cube |
| 73 | Dream loan | 330 | Loan dream Ap[ |
| 74 | DuttaRuppes | 331 | Loan Dream |
| 75 | E Paisa | 332 | Loan fortune |
| 76 | Eagle cash loan App | 333 | Loan Fortune |
| 77 | Early Credit App | 334 | Loan Home Small |
| 78 | Easy Barrow Loan App | 335 | loan loji |
| 79 | Easy Borrow Cash loan | 336 | Loan Resource(disi) |
| 80 | Easy brave | 337 | Loan Sathi |
| 81 | Loanzone | 338 | Rupeek buzz |
| 82 | Lucky Loan App | 339 | Rupeek cash |
| 83 | Lucky Wallet | 340 | Rupeek fenta |
| 84 | M pocket | 341 | Rupeeking |
| 85 | MagicCash Loan App | 342 | Rupeeok |
| 86 | Magic Money | 343 | Rupeeplus |
| 87 | Magicc Loan | 344 | Rupeeredee Loan App |
| 88 | Mama Loan | 345 | Rupeestar |
| 89 | Magicc Loan App | 346 | Rupiya bus |
| 90 | Marvel cash | 347 | Rupiya company |
| 91 | Marwel Loan Baba | 348 | Rush Loan |
| 92 | Matero Finance | 349 | Samay Rupee |
| 93 | May Loan | 350 | Sharp corn |
| 94 | Mi Rupe | 351 | Sharp Loan |
| 95 | Minute Loan App | 352 | Simple Loan App |
| 96 | Minute cash | 353 | Shuttle Loan |
| 97 | Minutes In Cash | 354 | Silver Pocket |
| 98 | Mo Cash | 355 | Simple Loan |
| 99 | Mobikquick | 356 | Sky Loan |
| 100 | Mobile cash | 357 | Slice pay |
| 101 | Monday money app | 358 | Small Loan |
| 102 | Money box | 359 | Small Cash Loan App |
| 103 | Money Ladder | 360 | SmalLoan App |
| 104 | Money lender | 361 | Smart Coin |
| 105 | Money Master | 362 | star loan |
| 106 | Money Master App | 363 | Store Loan |
| 107 | Money muthual | 364 | Sun cash |
| 108 | Money pocket | 365 | SUN CASH |
| 109 | money stand pro | 366 | Sunny loan |
| 110 | Money standup | 367 | Time loan |
| 111 | Money tree | 368 | Top Cash |
| 112 | money stand pro App | 369 | tree lone |
| 113 | Money View App | 370 | Tyto Cash |
| 114 | Monney Tank | 371 | Unit Cash |
| 115 | More cash | 372 | UPA Loan |
| 116 | More Cash App | 373 | UPO Loancom |
| 117 | More Loan | 374 | Voice loan |
| 118 | My Cash Loan | 375 | Volcano Loan |
| 119 | My Kredit | 376 | Wallaby App |
| 120 | Name of app | 377 | Wallet Payee |
| 121 | Ob cash loan | 378 | Apna Paisa |
| 122 | ob cash loan App | 379 | Walletpro |
| 123 | Ok Rupee Loan App | 380 | Warn Rupee |
| 124 | One Loan Cash Any Time | 381 | When Credit |
| 125 | One loan easy loan | 382 | Wow Rupee |
| 126 | onstream | 383 | Yes Cash |
| 127 | Orange Loan | 384 | Yes Rupees |
| 128 | Orange Loan | 385 | Zo zo Cash |
| 129 | Paisawala | 386 | Cash port |
| 130 | Personal Loan App | 387 | Alp cash |
| 131 | Phone pay | 388 | Angel Loan |
| 132 | Pillai Loan | 389 | Apna Paisa |
| 133 | Plump Wallet | 390 | Asana Loan |
| 134 | pocket bank | 391 | Cash Curry |
| 135 | Pokemoney | 392 | Cash era |
| 136 | PradhanmantriYojna Loan | 393 | Cash lion |
| 137 | Pub cash | 394 | Cash Star Miniso Rupee |
| 138 | Quality cash | 395 | Cashon |
| 139 | Quality Cash Loan App | 396 | Coco cash |
| 140 | Quick Loan App | 397 | Credit finch |
| 141 | Rapid | 398 | Dhani |
| 142 | Rainbow Loan | 399 | Early Credit App |
| 143 | Rapid Paisa | 400 | Elephant loan |
| 144 | Reliable Rupee Cash | 401 | Eye Credit |
| 145 | rich cash | 402 | Fast Paisa |
| 146 | Rich Loan Go | 403 | Fast Rupee |
| 147 | Rocket Loan | 404 | First Cash |
| 148 | Royal able rupee cash | 405 | Flash Loan Mobile |
| 149 | Royal cash | 406 | Go cash |
| 150 | Rupee Box | 407 | Hand Cash |
| 151 | Rupee Loan | 408 | Ind Loan |
| 152 | Rupee Cash Loan | 409 | Insta Loan |
| 153 | Rupee Magic | 410 | Insta Money |
| 154 | Rupee mall | 411 | Lend Mall |
| 155 | Rupee Online | 412 | Live Cash |
| 156 | Rupee Papa | 413 | Loan Resource (DIC) |
| 157 | Rupee pocket | 414 | Loan tap |
| 158 | Rupee salam | 415 | Loan zone |
| 159 | Rupee smart | 416 | Loanzone |
| 160 | Rupee Star | 417 | Micredit |
| 161 | My Cash Loan | 418 | Cash Cola |
| 162 | Onstream | 419 | Cash Carry Loan App |
| 163 | Plump Wallet | 420 | Cash App |
| 164 | Quick cash | 421 | Cash Cola |
| 165 | Rich Cash | 422 | Cash colla Loan |
| 166 | Rupee Magic | 423 | Cash cow |
| 167 | Rupee pus | 424 | Cash Guru App |
| 168 | RupeePlus | 425 | Cash Credit |
| 169 | Rupees plus | 426 | Cash curry |
| 170 | Samay Rupee | 427 | Cash fish |
| 171 | Small Loan | 428 | Cash go |
| 172 | Smile loan | 429 | CashCow Loan App |
| 173 | Star Loan | 430 | Cash Cow |
| 174 | Tap credit | 431 | Cash Guru App |
| 175 | Wow Rupee | 432 | Cash Hole |
| 176 | 66 cash | 433 | Cash Hole Loan |
| 177 | 66 Cash App | 434 | Cash host |
| 178 | Agile Loan app | 435 | Cash Host Application |
| 179 | Agile Cash App | 436 | Cash Light |
| 180 | Aladdin Lamp | 437 | cash machine |
| 181 | Angel Loan | 438 | Bharat Cash |
| 182 | Ant cash | 439 | Coin Rupee |
| 183 | Apna Paisa Cash | 440 | Cash Machine Loan |
| 184 | Apna Paisa | 441 | Cash Machine |
| 185 | Apple cash | 442 | Cash Magic |
| 186 | Arak Loan | 443 | Cash Papa |
| 187 | Ariaeko Lone | 444 | Cash Manager |
| 188 | Asan Credit | 445 | Cash park |
| 189 | Asan Loan | 446 | Cash Mine |
| 190 | Asan Loan App | 447 | Cash Papa |
| 191 | Asan Loan | 448 | Cash manager |
| 192 | ATD Loan | 449 | Cash Park |
| 193 | ATD lone App | 450 | Cash Mine |
| 194 | Balance Loan | 451 | Cash Park Loan App |
| 195 | Balance lone | 452 | Cash Park Loan |
| 196 | Basket loan | 453 | CashPark Loan App |
| 197 | Bellono Loan | 454 | Cash Pocket Live Cash |
| 198 | Bellono Loan App | 455 | Cash Pocket |
| 199 | Bellono App | 456 | Cash pocket |
| 200 | Beloan App | 457 | Cash Pocket Loan App |
| 201 | Belono Loan | 458 | cash pocket App |
| 202 | Best Paisa | 459 | Cash Pocket Live Cash |
| 203 | Best Paisa Loan App | 460 | Cash room |
| 204 | Betwinner betting | 461 | Cash Samosa |
| 205 | BetWinner LOan | 462 | cash star miniso rupee |
| 206 | Bharat Cash | 463 | Cash Station |
| 207 | Cash Machine Loan | 464 | Cash Today |
| 208 | Bharat Cash | 465 | CashcarryApp |
| 209 | Bright Cash | 466 | CashCarry Loan App |
| 210 | Bright money | 467 | Cashcom |
| 211 | Bud Loan | 468 | cashpal |
| 212 | Buddy Loan | 469 | Clear Loan App |
| 213 | Bus rupee | 470 | Chhota Loan |
| 214 | Bus Rupee | 471 | Cashpal |
| 215 | cash | 472 | Clear Loan |
| 216 | Cash Advance | 473 | Coco Loan |
| 217 | Cash Loan App | 474 | Cashcom App |
| 218 | Cash Advance Loan App | 475 | Cash Machine Loan |
| 219 | Cash Advance Atach | 476 | Income Value |
| 220 | Cash Advance T1 | 477 | Joe Cash |
| 221 | Cash advance | 478 | Loan Saathi |
| 222 | Cash Advance App | 479 | Tree Loan |
| 223 | Cash Book Loan Application | 480 | Money Master |
| 224 | Cash Book | 481 | Silver Pocket |
| 225 | Cash Personal loan App | 482 | Loan Home Small |
| 226 | cash bowl | 483 | Who Cash |
| 227 | Cash Bowl Loan App | 484 | Forpay app |
| 228 | Cash Carry Loan Application | 485 | Rainbow Loan |
| 229 | Cash Carry App | 486 | Brightmoney |
| 230 | Cash Cash App | 487 | Cashmagic |
| 231 | guruloanapp | 488 | Cashhost |
| 232 | Paisawala | 489 | Goldcash |
| 233 | Easybrave | 490 | Mobilecash |
| 234 | Moneystandup | 491 | Easycredit |
| 235 | Goldloanapp | 492 | Moneytree |
| 236 | Cashgo | 493 | Loanfortune |
| 237 | Funnyhappen | 494 | Rupeesmart |
| 238 | Moneytree | 495 | Flashrupee |
| 239 | Loanfortune | 496 | ZozoCash |
| 240 | Rupeesmart | 497 | CashPark |
| 241 | Flashrupee | 498 | LiveCash |
| 242 | ZozoCash | 499 | Cashmagic |
| 243 | CashPark | 500 | Suncash |
| 244 | LiveCash | 501 | Incomeloan |
| 245 | Suncash | 502 | UnitCash |
| 246 | Incomeloan | 503 | BrightCash |
| 247 | UnitCash | 504 | Magicmoney |
| 248 | Moneylander | 505 | Sunnyloan |
| 249 | Brightmoney | 506 | Royalcash |
| 250 | Easybrave | 507 | Sharpcorn |
| 251 | Moneystandup | 508 | Marvelcash |
| 252 | Goldloanapp | 509 | Mobikquick |
| 253 | Cashgo | 510 | Cashfish |
| 254 | Funnyhappen | 511 | Paisawala |
| 255 | IndiaAICreditCashLoan | 512 | Voiceloan |
| 256 | StoreLoan | 513 | guruloanapp |
| 257 | MateroFinance | 514 | Rupeekbuzz |
FAQs
Which loan apps work?
In 2023, PaySense, Bajaj Finserv, Dhani, Paytm Postpaid, Money Tap, and more will be some of the best loan apps.
Which loan app did the RBI approve?
The Reserve Bank of India (RBI) has given Paytm, Bajaj Finserv, Capital First, EarlySalary, HomeCredit, LazyPay, MoneyTap, and Simpl permission to offer loans in India.
How do I stop fake loan apps from being able to access my contacts?
Use official app stores to stop fake loan apps from getting access to your contacts. Check what the app can do, Keep your phone up-to-date, Use an app for safety, Be cautious of free downloads, Read app reviews, Enable two-factor authentication, and Avoid giving away personal information.
Which app is the best for getting a quick loan for a medical emergency?
In India, the best emergency loan apps are Fullerton India, Navi, zest, Upwards, Fibe, and Fullerton India.
Is the Wonder loan app real or not?
The Google Play Store app Wonder Loan is fake and gives loans to people who didn’t ask for them.
How can I get a loan right away that I can pay back in 5 minutes?
Most of the time, it’s hard to get a loan in 5 minutes because you have to go through a long process of checking your creditworthiness. But there are ways to get a loan quickly: You can get a personal loan from your bank or online lenders like Paytm Postpaid, Dhani, and PaySense.
Does Kissht exist?
The Kissht app is registered with RBI as a non-banking financial institution (NBFC), which means it is required to serve customers by the rules.
What app lets you borrow $50,000?
One of the biggest lenders, Money View, offers personal loans with flexible repayment plans for up to 60 months and amounts from Rs. 5,000 to Rs. Rapid loans of Rs. 50,000 are easy to apply for if you meet the requirements.
What app lets you borrow money without a salary?
The LazyPay section of PayU gives customers quick options for personal financing. You can get a loan of up to Rs. 1 lakh from LazyPay. Download the LazyPay app and fill out the loan application to get this loan.
Which app for a loan is quick?
MoneyTap is a well-known app for getting loans quickly. MoneyTap lets you apply for a personal loan with monthly interest rates as low as 1.08% for amounts up to 5 lakhs.
Are apps for quick loans safe?
For personal loans, the instant lending apps that banks and NBFCs offer are safe. But you should also make sure that the companies that offer quick personal loan applications are registered with the RBI and that the applications can be downloaded from websites you can trust.
How do I get a loan quickly?
You can apply for a personal loan by going to the website of a bank or other financial institution and asking about your eligibility, the interest rate, and the monthly payment (EMI). If your request for a loan is approved, the money will be sent right away to your bank account.
Does Rokdawale exist or not?
Rokdawale is not a real place to borrow money. Not much to support
- No information about who started it.
- Poor ratings.
- There is no proof that banks worked together.
- Bad customer care service.
- Is loanbaba true or not?
- Loanbaba can be trusted. It gives out loans through NBFCs registered with the RBI.
Is rupiyabus loan app legit?
You shouldn’t use the rupiyabus loan app because this lender has been accused of harassing users for money in many cases and has complaints.
Conclusion
When looking for a loan or an offer, you should keep in mind that “if it seems too good to be true, it probably is.”
Red flags include crazy low-interest rates, a lack of due diligence by the lender, unsolicited offers to sweeten the deal, etc. Before choosing a loan, you should think about all of these things.
Also, you can make sure the loan app process is open and honest by contacting a lender after doing research and making sure they follow regulations and best practices.
