Although numerous apps offer legitimate services, there is another side to the world of loan apps, where fraudulent entities target unsuspecting borrowers. These deceptive apps lure users with promises of quick loans but frequently trap them in a harmful cycle of debt, harassment, and financial devastation.
This article discusses what fake loan apps are, how to identify them, and a comprehensive list of fake loan apps operating in India.
What are fake loan apps?
Fraudulent loan apps are deceitful applications that pretend to be legitimate financial services but aim to trick users. These apps claim to provide quick and easy loans, often targeting people who urgently need money. They appear genuine by offering attractive deals, fast approval processes, and minimal paperwork. However, they intend to deceive users into revealing sensitive personal and financial details.
Once installed, these apps engage in various fraudulent activities. They may impose excessive hidden charges, misuse personal data, use aggressive tactics to collect debts, and sometimes vanish after gathering user information. Their deceptive practices exploit users’ vulnerabilities, resulting in financial losses, privacy violations, and harassment.
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How to identify fake loan apps?
Here are a few points to help you identify fake loan apps:
- Research the app: Before you decide to download a loan app, it’s important to do your homework. Check out what other users are saying about it in the reviews and see how it’s been rated. Legitimate apps usually have lots of people using them and positive comments from satisfied users.
- Verify credibility: Ensure the lender’s information is genuine. Check their website, contact details, and company background. Authentic lenders provide transparent information for users to verify.
- Review permissions: Be cautious of fake apps that ask for unnecessary access to personal data beyond what’s necessary for a loan application. Before granting access to all your phone’s details, carefully review the permissions and grant access only if it’s essential.
- Evaluate terms and conditions: Thoroughly read the app’s terms, interest rates, repayment details, and any hidden fees. Legitimate lenders offer clear and comprehensive information for borrowers to review.
- Verify registration: Check if the app is registered with the Reserve Bank of India (RBI). Genuine lenders typically register with regulatory authorities. Before proceeding with a loan, verify the lender’s registration status on the RBI’s official website.
- Demand official documentation: Legitimate loan apps require official identification and documentation from borrowers. Beware of apps that approve loans without proper verification or request excessive personal information. If an app doesn’t follow standard procedures for documentation, it may be fraudulent.
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List of fake loan apps in India
| SR. NO. | Fake Loan App List | SR. NO. | Fake Loan App List |
|---|---|---|---|
| 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 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 lander | 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 | Wen 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 | FlashLoan |
| 248 | BrightCash | 505 | FlashLoanApp |
| 249 | FlashLoan | 506 | EsLoan |
| 250 | FlashLoanApp | 507 | KokoLoan |
| 251 | EsLoan | 508 | KokoCash |
| 252 | KokoLoan | 509 | RupeeredeeLoanApp |
| 253 | KokoCash | 510 | Rupeestar |
| 254 | RupeeredeeLoanApp | 511 | Rupeemagic |
| 255 | Rupeestar | 512 | RupeemagicLoanApp |
| 256 | Rupeemagic | 513 | Rupeestarmagic |
| 257 | RupeemagicLoanApp | 514 | RupeestarmagicLoanApp |
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How to protect yourself from fake loan app scams?
Here are a few tips to protect yourself from fake loan app scams:
- Research and verification: Before downloading any loan app, conduct thorough research. Check reviews, ratings, and information about the developer. Look for official websites or contact details to confirm legitimacy.
- Download from trusted sources: Only download loan apps from official platforms such as the Apple App Store or Google Play Store. Avoid unofficial or suspicious websites that might offer fraudulent apps.
- Review permissions: Be cautious of the permissions requested by the app during installation. Fraudulent apps may seek unnecessary access to personal data unrelated to the loan process, compromising your privacy.
- Read terms and conditions: Carefully review the app’s terms and conditions, including interest rates and repayment details. Genuine lenders provide transparent information, while fraudulent apps may have hidden fees or unclear terms.
- Protect personal information: Share private information only if the app is reliable. Genuine loan apps typically ask for standard KYC (Know Your Customer) documents and don’t require excessive personal details.
- Be wary of pressure tactics: Watch out for loan apps that pressure you to share personal details or rush you into accepting loans. If you feel pressured or uncomfortable, refrain from proceeding.
- Monitor financial transactions: Review bank statements and transactions regularly for unauthorised deductions or suspicious activities. Notify your bank immediately of any unauthorised transactions.
- Report suspicious apps: If you come across a loan app that seems suspicious or fake, report it to the appropriate authorities like the Reserve Bank of India (RBI) or consumer protection agencies. By doing this, you’re helping to safeguard others from being tricked by scams.
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