Fake Loan Apps in India: Beware of the Trap 

In today’s digital era, securing financial aid has become more accessible than before, courtesy of the abundance of loan applications readily available on smartphones. Nevertheless, along with convenience, there arises a risk, and in recent times, India has experienced a rise in Fake Loan Apps in India targeting vulnerable individuals desperately seeking financial assistance. The allure of swift funds with minimal paperwork has enticed numerous individuals into falling prey to the schemes orchestrated by these deceptive apps. However, a network of deceit and manipulation lurks behind the polished user interface and appealing advertisements.

List of Fake Loan Apps in India

S.NoFake Loan App ListS.NoFake Loan App List
1Agile Loan App112Coin Rupee
2Aladdin Lamp113Crazy Cash
3Angel Loan114Insta Loan
4Apna Paisa115Credit Buzz
5Apple Cash116Ind Loan
6Ariaeko Lone117Jo Cash
7Asan Loan119Just Paise Loan App
8ATD Loan120Just Money
9Balance Loan121Kash Loan 
10Basket Loan 122Koko Loan
11Bellono Loan123Income Ok 
12Best Paisa 124Income Loan
13Betwinner Betting125Gold Cash
14Bharat Cash 126Gold Sea
15Bright Cash 127Goldman Payback
16Bright Money128Fri Loan
17Buddy Loan129Fortune Loan
18Bus Rupee130Fresh Loan
19Bharat Cash App131Funny Happen
20Clear Loan132Flash Rupee
21Cash Advance133Flip Cash
22Cash Advance T1134Flash Loan Money
23Cash Book135Handy Loan
24Cash Bowl136Hello Rupee 
25Cash Carry App137Hi Credit App
26Cash Colla138Hand Cash Friendly Loan
27Cash Cow App139Honey Loan
28Cash Credit140Holiday Mobile Loan 
29Cash Fish141Hu Cash
30Cash Go142Hoo Cash
31Cash Guru App143I Credit
32Cash Magic144I Karza
33Cash Hole145Lend Mall
34Cash Host App146Live Cash Loan App
35Cash Machine147Loan Cube
36Cash Manager148Loan Dream
37Cash Mine149Loan Fortune
38Cash Papa150Loan Loji
39Cash Park Loan App151Loan Sathi
40Cash Pocket Live Cash152Rupeek Buzz
41Cash Samosa153Rupee King
42Cash Star Miniso Rupee154Rupee Plus
43Cash Station155Rupeestar
44Cashcarry Loan App156Rupiya Company
45CashCom157Rush Loan
46Cash Pal158Samay Rupee
47Clear Loan159Sharp Loan
48Simple Loan App160Simple Loan
49Minute Cash161Monday Money App
50MI Rupee162Slice Pay
51Sky Loan163Small Loan
52Shuttle Loan164Money Box
53Silver Pocket165Money Ladder
54Money Master166Unit Cash
55Money Muthal167More Cash App
56Money Pocket168My Cash Loan
57Money Stand Pro169UPA Loan
58Smart Coin170UPO LoanCom
59Star Loan171Voice Loan
60Store Loan172Volcano Loan
61Sun Cash173My Kredit
62Sunny Loan174Ob Cash Loan
63Time Loan175OK Rupee Loan App
64Top Cash176Wallaby App
65Tree Loan177Wallet Payee
66Money Stand Pro App178Apna Paisa
67Money View App179Walletpro
68Monney Tank180Warn Rupee
69Tyto Cash181One Loan Cash Anytime
70Wow Rupee182One Stream
71Orange Loan183Coco Cash
72Paisawala184Credit Finch
73Personal Loan App185Early Credit App
74Phone Pay186Rapid Paisa
75Pillai Loan187Reliable Rupee Cash
76Yes Cash188Rich Cash 
77Zo Zo Cash189Rich Loan Go
78Cash Port190Rocket Loan
79Alp Cash191Go Cash
80Plump Wallet192Rupee Pocket
81Pocket Bank193Rupee Salam
82Pub Cash194Loan Zone
83Quality Cash195Micredit
84Quick Loan App196Onestream
85Rapid197Samay Rupee
86Rainbow Loan198Rupee Plus
87Asan Loan199Small Loan
88Cash Curry200Smile Loan
89Cash Era201Wow Rupee
90Cash Lion202Tap Credit
91Cashon20366 Cash
92Cash Light204Zozo Cash
93Ant Cash205Cash Park
94Coin Rupee206LiveCash
95Arak Loan207Sun Cash
96Cash Book208Sunny Loan
97Who Cash209MoneyLander
98Cash Bowl210IncomeLoan
99Forpay App211RoyalCash
100Rainbow Loan212Goldloanapp
102Cashhost214Easy RP
103Easybrave215Express Loan
104Mobilecash216Eulavt App
105Express Loan217Kash Loan
106Buddy Loan218Crystal Loan
107Fortress Loan App219Credit Pearl
108Fortune Now 220Link Money
109Handy Cash221Daily Loan
110Hello Box222Dhan Pal
111Hi Credit App223Dream Loan

What are Fake Loan Apps?

Counterfeit loan applications are deceptive software programs that masquerade as legitimate financial tools but function with fraudulent motives. These applications usually claim to offer speedy and uncomplicated loans, frequently targeting individuals facing urgent financial needs.

They present themselves as authentic loan sources, offering attractive deals, swift approval procedures, and minimal paperwork. However, their true aim is to trick users into divulging sensitive personal and financial details.

Once installed, these applications partake in diverse fraudulent actions, including imposing excessive concealed charges, accessing and exploiting personal information, employing forceful debt collection methods, and occasionally vanishing after gathering user data.

How to protect Yourself from Fake Loan App Scams?

  • Research and Verification: Be sure to do your homework before downloading any loan applications. Check the developer’s details, reviews, and ratings to confirm the app’s legitimacy. To verify their legitimacy, look for official websites or contact information.
  • Read the Terms and Conditions: Examine the terms and conditions, interest rates, and repayment information on the app carefully. While fraudulent apps may have ambiguous terms or hidden fees, legitimate lenders offer clear information.
  • Be Wary of Pressure Tactics: Users of fraudulent loan apps may be coerced into providing personal information or pushed to accept loans quickly. If something makes you feel pressed for time or uneasy, stop.
  • Use Trusted Sources: Install software only from authorized retailers, such as the Google Play Store or the Apple App Store. Avoid loans from unreliable or dubious websites as they may direct you toward fraudulent applications.
  • Protect Personal Information: Only divulge personal data if you have faith in the app’s dependability. Legitimate loan apps typically don’t require a lot of personal information and only ask for the necessary KYC (Know Your Customer) documentation.
  • Review Permissions: When the application asks for permissions during installation, proceed with caution. Fraud apps have the potential to violate applicant privacy by requesting unauthorized access to personal information unrelated to loan procedures.
  • Report Suspicious Apps: Report any suspicious or fraudulent loan applications you come across to the appropriate authorities, such as consumer protection organizations or the Reserve Bank of India (RBI).

The Dark Side of Fake Loan Apps in India

In recent times, India has experienced a surge in digital lending platforms, offering speedy access to loans with minimal documentation. As the demand for credit escalates, so does the proliferation of deceptive lending applications, targeting vulnerable individuals in dire need of financial aid.

The sinister aspect of these counterfeit lending apps unveils a sophisticated network of deceit, wherein unsuspecting consumers are ensnared through false promises of convenient repayment terms, low interest rates, and straightforward application processes. However, beneath the polished interface and enticing offers, lurks a shadowy realm of illicit data harvesting, exorbitant undisclosed charges, and coercive debt recovery methods. Delving into the depths of this alarming trend underscores the pressing necessity for regulatory intervention and heightened consumer awareness to shield against the dangers posed by counterfeit loan apps in India.

Ways to Check Fake Loan Apps in India

It takes diligence and attention to detail to spot phony loan apps in India, particularly in the field of digital lending where dishonest business practices are common. Here are a few methods to distinguish between phony and authentic lending platforms:

  • Doesn’t Have A Website, Or Has A Fake Website: Reputable lenders usually have a business website with comprehensive details about their terms, services, and contact information. Fake apps might not have a website at all, or if they do, they might look hurriedly put together or have content that has been copied.
  • Does Not Follow The Lending Guidelines Of The RBI: Strict rules and guidelines have been set by the Reserve Bank of India (RBI) for lending practices. While fraudulent loan apps frequently function outside of regulatory oversight, legitimate ones follow these rules.
  • Asks for an Advance Payment to Process Your Loan: Genuine lenders don’t charge an application processing fee upfront. Apps that demand payment for processing fees, insurance, or other expenses before releasing the loan amount should be avoided.
  • Provides Loans Without Asking for Any Documentation: To confirm the borrower’s identity, income, and creditworthiness, legitimate lenders demand documentation. Fake loan apps might provide loans without asking for any paperwork, avoiding checks that are required and endangering borrowers.
  • Doesn’t Provide A Loan Agreement: A trustworthy lender will always give you a loan agreement that clearly outlines the terms, conditions, interest rates, and payback plans. False apps might not include this kind of information or might present ambiguous or insufficient agreements.
  • Has a Lot of Negative Reviews Online: It’s crucial to conduct research and read user reviews before using any loan app. There should be concerns raised regarding the app’s legitimacy due to the large number of negative reviews that highlight problems like harassment, hidden charges, and non-disbursal of loans.


In this era of digital advancement, there’s no denying the profound impact it has had on how we engage with financial services. However, this same advancement has created opportunities for dishonest entities to take advantage of unsuspecting individuals. By remaining vigilant, being well-informed, and advocating for robust regulatory frameworks, we can work together to tackle the threat posed by Fake Loan Apps in India and protect the financial stability of our communities. It’s crucial to remember that in the realm of financial transactions if an offer appears too good to be true, it likely is.

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