How to save yourself from fake loan app list

 

There have been cases where some loan applications have been used to defraud consumers, albeit not all loan apps are scams. Therefore, before using any lending app, it’s crucial to use caution and conduct your due research.

 

Research a loan app carefully, read reviews, and confirm that it has been approved by the RBI before using it. Apps that request passwords, login credentials, or bank account information should be avoided as they may request sensitive personal or financial information.

 

An app is a most likely scam if it sounds too good to be true. Apps with hidden costs or misleading interest rate promises should be avoided. It is advised to contact the appropriate authorities as soon as you feel you are a victim of a loan app fraud and report the incident.

 

Fake loan apps in India

Typically operate by enticing users with attractive loan offers and low-interest rates and then tricking them into providing sensitive personal and financial information, such as passwords, login credentials, and bank account details.

 

Once the scammers have access to this information, they can steal Money from the user’s bank account, take out loans in their name, or use it for other fraudulent activities. In some cases, the scammers may also demand payment to “release” the loan, which they never actually provide.

 

It is essential to be cautious and do your due diligence when using any loan app. Before using an app, research it thoroughly, read reviews, and verify if it is authorized by the Reserve Bank of India (RBI).

 

In case you suspect that you have been a victim of a fake loan app in India, it is recommended to immediately contact the relevant authorities and report the matter.

List of fake apps to be avoided:

 

1. Raise cash
2. PP money
3. Rupees master
4. Cash ray
5. Mobipocket
6. Papa money
7. Infinity cash
8. Kredit mango
9. Kredit marvel
10. CB loan
11. Cash advance
12. Cash tree
13. RAw loan
14. Under Process
15. Minute cash
16. Cash light
17. Cash fish
18. HD credit
19. Rupees master
20. Ruppes land
21. Rupee loan
22. Cash room
23. Well Kredit

 

How can I remove myself from a loan app?

 

The same loan application and lender you are working with will determine the procedure for withdrawing oneself from the application. You can follow these general steps:

 

Contact the lender or loan application: Inquire about your choices for withdrawing yourself from the loan application by contacting the customer service department of the loan application or the lender directly.

 

Examine the loan contract: You should carefully review the loan agreement to see whether any clauses or requirements would let you stop being a co-borrower or co-signer.

 

Find a replacement co-borrower or co-signer: Locate a person willing to sign the loan application on your behalf. Once a replacement has been recruited, the lender might let you leave alone.

 

Pay off the loan: If you are a co-signer, you can get out of the situation by fully repaying the debt. However, the conditions of the loan agreement and the lender’s rules will govern this.

 

Remember that withdrawing from a loan application may affect your credit rating and financial situation, so it’s crucial to thoroughly grasp the implications before moving forward.

 

Which loan applications has RBI approved?

 

Name of the Registered Apps,

 

S. No.	Name Of The Registered App	Limits Of Credit
1	Kreditbee	Loan up to 2 Lakhs
2	Kreditzy	Loan up to 2 Lakhs
3	Paysense	Loan up to 5 Lakhs
4	NAVI	Loan up to 5 Lakhs
5	Lazypay(Credit Line + Personal Loan)	Loan up to 1 Lakhs
6	Freopay (Credit Line)	upto ₹10000
7	Stashfin – (Credit Line + Personal Loan)	Loan up to 5 Lakhs
8	Cashbean	Loan up to 1 Lakhs
9	MI Credit	Above 5 Lakhs
10	Dhani (Credit Line)	Loan up to 5 Lakhs
11	Avail Finance	Loan up to ₹50000
12	NIRA	Loan up to 2 Lakhs
13	Branch	Loan up to ₹50,000
14	Smart coin	Loan up to 2 Lakhs
15	Rupeek App (Gold Loan)	Loan up to 50 Lakhs
16	Simple Pay Later (Credit Line)	Loan up to 1 Lakhs
17	Mobikwik (Credit Line + Consumer Loan)	Loan up to 2 Lakhs
18	Paytm Personal Loan	Loan up to 2 Lakhs
19	Krazybee (Consumer Loan)	Loan up to 2 Lakhs
20	Bharatpe (Business Loan)	Loan up to 5 Lakhs
21	Paytm Postpaid (Credit Line)	Loan up to 1 Lakhs
22	True Caller	Loan up to 5 Lakhs
23	Simply Cash	Loan up to 2 Lakhs
24	Slice (Credit Line)	Loan up to 1 Lakhs
25	True Balance	Up to ₹50,000
26	Zest M28oney (Consumer Loan)	Above 2 Lakhs
27	Amazon P29ay Later	Up to ₹60,000
28	Flipkart Pay Later	Up to ₹60,000
29	Tata Capital	Above 10 Lakhs
30	Tata neu Credit card (Qik EMI Card)	₹10000 to ₹150000
31	Tata Neu App (Qik Personal Loan)	₹10000 to ₹10,00,000
32	Ola Money pay Later	₹1500 to ₹20000
33	Khatabook App	₹50,000 to ₹0,00,000
34	Jupiter credit limit	Up to ₹50,000
35	OneCard App	₹10000 to ₹150,000
36	Paisabazaar credit limit	₹50,000 to ₹10,00,000
37	imobile Pay Later	₹ 20,000
38	SBI YONO APP	₹1500 to ₹60000
39	IDFC Bank Pay later	₹1500 to ₹ 60000
40	Bajaj Finserv App	₹ 50,000 to ₹ 5,00,000
41	Rufilo Loan App	₹5000 to ₹25,000
42	IBL FINANCE App	₹5000 to ₹25,000
43	Early Salary	₹ 8,000 to ₹ 500,000
44	Money View	₹10,000 to ₹ 5,00,000
45	CASHe	₹1,000 to ₹ 3,00,000
46	mPokket	₹500 to ₹30,000
47	Stashfin – Credit Line & Loan	₹1,000 to ₹5,00,000
48	MoneyTap	₹1,000 to₹60,000
49	FairMoney Loan App	Loan up to 2 Lakhs
50	KreditOne	₹5000 to ₹25,000
51	FlexSalary Instant Loan App	₹5000 to ₹25,000
52	DigiMoney	₹5000 to ₹25,000
53	Indialends	up to ₹5,00,000
54	Mystro Loans & Neo Banking app	up to ₹50,000
55	Kissht: Instant Line of Credit	₹10,000 to ₹ 1,00,000
56	IndusMobile: Digital Banking	₹5000 to 200,000
57	Prefr: Get instant loan	₹10,000 to ₹3,00,000
58	InstaMoney Personal Loan	₹5,000 to ₹25,000
59	Swift Loan	up to ₹50,000
60	RapidPaisa	₹ 1,000 – ‎₹ 10,000
61	CreditScore, CreditCard, Loans	up to ₹ 5 Lakh
62	Bajaj MARKETS: Loan, Card, UPI	up to ₹25 Lakhs
63	Fullerton India	up to ₹25 lakhs
64	LoanFront	₹2000 to ₹2 lakhs
65	Pocketly	up to ₹10,000
66	Bueno Loans	up to ₹25000
67	PayRupik	up to ₹20,000
68	Loaney	₹200 to ₹20,000
69	RupeePark	₹5,000 to ₹500,000
70	Cash Planet – Online Loan App	₹5,000 to ₹500,000
71	CreditScore – PaisaBazaar	₹ 1000 to ₹ 50,000

 

For more details on fake loans, you can check out this article here, we have curated a list of 500+ fake loan apps. It will help you. 

 

FAQs

 

How do I stop fake loan apps from accessing my contacts?

Follow these measures to stop apps from accessing your contacts:

Before downloading, review the app’s permissions.

Utilize privacy settings to restrict app access.

If required, manually add contacts.

Check and revoke app permissions frequently.

By following these procedures, you may safeguard your personal information and prevent your contacts from receiving phoney loan applications. When downloading and utilizing lending apps, use caution. First, look up the app’s validity.

 

How can I remove my loan app’s data?

Observe these methods to remove data from a loan application:

First, remove the application from your smartphone.

Search for any cloud backups, then remove them.

In the privacy settings of your smartphone, revoke app permissions.

Ask the app’s creator to delete your data by contacting them.

Following these procedures, you may protect your personal information and delete data from a lending app. Review the apps you have installed on your device frequently, and remove any data you no longer require or trust.

 

How can I stop being harassed about loans online? 

To stop the abuse of internet loans:

Omit the contact information for the app.

Inform your bank and the authorities about the harassment.

Consult an attorney if necessary

Increase awareness and share your personal story

You may safeguard yourself and halt the harassment by taking these actions. First, exercise caution when using online lending apps and ensure they are legitimate before using them.

 

Is my gallery accessible to loan apps?

Loan applications may want to access your gallery to upload supporting papers. By adjusting your privacy settings, you can restrict or reject this access. Be careful and only allow apps to access your personal information when necessary. Review app permissions frequently to safeguard your data and privacy.

 

Can I complain about loan applications?

If loan applications have violated your rights or participated in unethical or unlawful behavior, you may indeed submit a complaint against them. Obtain proof and, if necessary, legal counsel. Send the complaint to the appropriate authorities, such as data protection or financial regulatory agencies. Holding the loan app responsible can aid in averting future occurrences of this kind.

 

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