In this article, I will be reviewing the fake loan app list consisting the most dangerous and notorious list of fake loan companies that exist in India in 2023. Most of these online lending platforms have been banned from operating in India and their operations shut down. Additionally Google Play Store has banned those of them hosted on its network over serial lending policy violation and abuse.
In recent years, there have also been a proliferation of 7 days loan app list in India and many other countries around the world especially after after the global economic recession that greeted the post Covid 19 pandemic era. 7 days loan app list is the term used to describe fake loan app list and companies, typically online that give out loans to customers and borrowers illegally for just 7 days. Google Policy and local laws in most countries forbid such unethical lending practices.
What is a Fake Loan App?
A fake loan app is a loan shark or online lender that offers credit loans at extremely high interest rates, has strict terms of collection upon failure, including sending threatening, shaming and defamatory messages to borrowers and their phone contact list and generally operates outside the ambits of the Indian law. Fake loan companies and banned loan apps operate illegally and are thus usually referred to as illegal or scam lending apps. Please only download the best loan applications in India so that you can be safe and free from harassment.
Our fake loan app list contains fake loan companies and online lenders that cheat gullible customers out of their hard-earned money are a growing concern in India. A “Whitelist” of applications that can be advertised on the Google Play store or the Apple App Store is currently being compiled by the Reserve Bank of India (RBI).
Fake Loan App List In India 
Users often share their banking and KYC information with this fake loan app list we are about to unveil after downloading their fraudulent apps. They think they are legitimate loan apps because they are listed on Google or Apple’s app stores. As a result, money is automatically taken out of their accounts, or the customer is put under psychological pressure through extortion. You should be careful with such apps.
Below is the Fake Loan App List and compilation of fake loan companies that the Reserve Bank of India has banned.
|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|
|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|
|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[|
|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|
|82||Lucky Loan App||339||Rupeek cash|
|83||Lucky Wallet||340||Rupeek fenta|
|85||MagicCash Loan App||342||Rupeeok|
|87||Magicc Loan||344||Rupeeredee Loan App|
|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|
|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|
|127||Orange Loan||384||Yes Rupees|
|128||Orange Loan||385||Zo zo Cash|
|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|
|136||PradhanmantriYojna Loan||393||Cash lion|
|137||Pub cash||394||Cash Star Miniso Rupee|
|139||Quality Cash Loan App||396||Coco cash|
|140||Quick Loan App||397||Credit finch|
|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|
|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|
|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|
|209||Bright Cash||466||CashCarry Loan App|
|212||Buddy Loan||469||Clear Loan App|
|213||Bus rupee||470||Chhota 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|
Other Fake Loan Apps List and List of Fake Loan Companies in India
CashBean is one of the most notorious fake loan apps in India. It has been found to be involved in several fraudulent activities, including illegal collection of personal information, threatening borrowers for repayment, and charging exorbitant interest rates.
2. Loan Gram
Loan Gram is another fake loan app that has been operating in India for a few years now. The app claims to offer easy loans with minimal documentation, but in reality, it charges high processing fees and interest rates. The app has been reported to use aggressive and threatening tactics to collect loan repayments.
3. Money View
Money View is a popular personal finance management app that has been found to be involved in fraudulent activities. The app claims to offer personal loans to users, but in reality, it charges high interest rates and processing fees. The app has been reported to misuse personal information of users and harass borrowers for repayment.
KreditBee is a popular loan app that has been involved in fraudulent activities. The app claims to offer instant loans to users with minimal documentation, but in reality, it charges high processing fees and interest rates. The app has been reported to use aggressive tactics to collect loan repayments and harass borrowers.
CashMama is another fake loan app that has been operating in India. The app claims to offer personal loans to users with minimal documentation, but in reality, it charges high processing fees and interest rates. The app has been reported to misuse personal information of users and harass borrowers for repayment.
6. Quick Loan
Quick Loan is a fraudulent loan app that has been operating in India. The app claims to offer instant loans to users with minimal documentation, but in reality, it charges high processing fees and interest rates. The app has been reported to use aggressive tactics to collect loan repayments and harass borrowers.
MoneyTap is a popular personal finance management app that has been found to be involved in fraudulent activities. The app claims to offer personal loans to users, but in reality, it charges high interest rates and processing fees. The app has been reported to misuse personal information of users and harass borrowers for repayment.
Rupeeland is a fraudulent loan app that has been operating in India for a few years now. The app claims to offer instant loans to users with minimal documentation, but in reality, it charges high processing fees and interest rates. The app has been reported to use aggressive tactics to collect loan repayments and harass borrowers.
mPokket is a popular loan app that has been involved in fraudulent activities. The app claims to offer instant loans to students with minimal documentation, but in reality, it charges high processing fees and interest rates. The app has been reported to use aggressive tactics to collect loan repayments and harass borrowers.
10. PayMe India
PayMe India is another fake loan app that has been operating in India for a few years now. The app claims to offer instant loans to users with minimal documentation, but in reality, it charges high processing fees and interest rates. The app has been reported to use aggressive tactics to collect loan repayments and harass borrowers.
How Chinese Fake Loan Apps Predate on Indian Loan Customers
Customers who have taken small loans ranging from Rs 5,000 to 10,000 were being forced to repay in large sums. An analysis of application code, call details and financial examination revealed the network was spread across Delhi, Karnataka, Maharashtra, UP and other parts of the country.
According to reports, most instant loan apps have links to entities based in China. Chinese nationals or companies directly own several financial technology (fintech) firms in Gurugram, Delhi, Mumbai and Bengaluru or control them by using proxies as directors, it said, adding that to initiate the lending business, they infused funds into these firms directly or indirectly from overseas locations such as Hong Kong.
How Does Fake loan Apps and Illegal Loan Companies Operate In India?
Fraudsters mostly target people from low or medium income groups, who are generally considered to be not-so savvy in finance and technology. They are offered small amounts (Rs 10,000- Rs 20,000) as loan.
Fraudsters first deduct a certain percentage of money lent as processing fee and combine this with penalties on any delay in repayments. They also charge exorbitantly higher interest rates than the legal range prescribed by the RBI. These lending apps get access to personal data from the borrower’s mobile phone, which they allegedly use to harass them and extort money.
How To Identify a fake loan app
How can you distinguish between a legitimate and credible loan app and the flurry of fake loan app list. You need to be able to identify fake loan companies in order for you to avoid them. The following 10 points which summarises their mode and of operations and unethical style will help you identify a fake loan app whenever you come across one.
1. Banned by financial and regulatory authorities
All loan apps and lending financial institutions must be approved by the regulatory authorities before they can operate. Credit is governed by a stringent legal framework; even loans between friends are regulated. This avoids exploitation and facilitates the identification of fraud attempts.
2. Unethical Loan Recovery Methods and practices
Fake loan apps have become a major problem owing to their aggressive and unethical loan recovery methods. Their modus operandi is to provide a loan in exchange for access to personal information and data on the phone, such as the contact list as well as credit and financial standing of individuals which is used as a tool for their unethical loan recovery.
3. Loan App absent or removed from Google Play Store
One key indicator of identifying a fake loan app is to find out if it is hosted at all on Google Play Store or if it was hosted and has been removed for policy violation. Most times Google blacklists and bans any loan app discovered to be fake from its Play Store.
4. Request to pay Processing, Upfront or Administrative fees
Fake loan apps often demand customers to pay an upfront, processing or administrative fees. Most times this is illegal and a swindling tactic to rob unsuspecting customers of their hard earned cash.
5. Unsecured or absence of Website, Physical Office or Social Media pages
To identify a fake loan app, simply visit their official website and ensure that the URL is safe. If the web address begins with “HTTPS”, it is a secure website (not necessarily a reliable one).
However, if the URL has simply “HTTP” without the final “s,” it is likely a fake loan app since legal organisations must comply with security rules to encrypt user data. In addition, the URL must have a padlock, which indicates that the website has the SSL certificate that certifies it is a secure website.
Also when you check online and you cannot trace any social media page, website or physical office to a loan app, it is most likely to be a fake loan application.
7. Requests for banking and financial details, passwords
Some fake loan companies are notorious for asking for your banking and financial details or sensitive password. Some others request for permission to access your data so they can mine your databse and embarass you when you fail to pay back your loan. Watch it, do not disclose any banking detail to a loan app, it may be a pawn to access your bank account and empty your savings.
8. Constant harassment and threats on customers
Most fake loan companies are in the habit of constantly harassing their customers for loan repayment even when the loan isn’t due. They send threat and defamatory messages to your contact list to blackmail you. These lending applications constantly pressurizes customers to collect loans and then forces them to repay even before repayment due date. And issuing threats along.
9. Part of applications in the 7 days loan app list
Fake loan apps are notorious for giving out loan to customers for 7 days tenure instead of minimum of 60 days as stipulated by law and especially by Google Play Store policy. And the lending applications start torturing you with calls even before the loan expires. Please watch it if an online lender is part of the 7 days app list or is giving out loans for just 7 days, it most likely is a fraudulent app.
10. Invade Customers’ Privacy
Fake loan app and companies are in the habit of invading customers’ data privacy and sending defamatory and threatening messages to them and their contact list.
How Do I Keep Safe from a fake loan app and banned Loan Companies In India?
To stay safe from a fake loan app in India, please follow the precautions below
- Do not click on unknown, unverified links and immediately delete such an SMS/email.
- Unsubscribe to mails providing links to a bank, e-commerce and/or search engine website. Block the sender’s ID before deleting the email.
- Always go to official website of your bank service provider.
- Check URLs, domain names received in emails for spelling errors.
- In case of suspicion, inform the financial institution.
- There is no need to enter PIN or password anywhere to receive money.
- Check on the publishers or owners of the app before downloading it.
- When downloading an app, only give permissions that are absolutely essential for using the application.’
What is a 7 days loan app list?
A 7 days loan app list is a list of fake instant loan applications and loan companies in India that give out loans to their customers for a 7-day repayment period or tenure.
Many banned loan apps and companies in the fake loan app list in India are also part of the 7 days loan app list and are guilty for approving loans for just 7 days instead of minimum of 60 days as stipulated by law and especially by Google Play Store policy. And the lending applications start torturing you with calls even before the loan expires. Please watch it if a loan offer is giving tenure of 7 days alone, it most likely is a fraudulent app.
Fake loan app list in India is a list of banned loan applications that entice users to take loan at lower interest rates and even promises a 90-day interest-free period. However, after giving the loan amount, they start charging too much higher interest rate on a per day basis.
Unfortunately this has come with its burden of impovering many Indians either through perpetuation of loan app scams or outright defauding by the fake loan apps. Indians in their thousands have, of late, been getting sucked into the trap of instant loans being offered by unregulated digital lending apps
The most dangerous fake loan app list in India that have been banned include Agile Loan app, Easy credit, Aladdin Lamp, Easy Credit Loan App, Angel Loan, Easy loan, Apna Paisa, EasyCash Loan, Apple cash, Easy Rp, Ariaeko Lone , Elephant Cash, Asan Loan, Es Loan, ATD lone, Eulavt App, Balance lone, Express loan among others. All Indians are warned to refrain from patronizing any app found in this list of fake loan companies.