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274 Fake Loan Apps Come Under Police & RBI Scanner For Major Violations, Check Full List Here

LUCKNOW: If you are in desperate need of cash and are seeking a quick loan. Don’t rely on advertisements for instant loans that you see on social media or the internet. Law enforcement agencies have warned that cyber thieves have distributed hundreds of fake loan apps.

According to a top official, the RBI is investigating 274 fake loan applications. Many people are becoming victims of cyber fraud, and regulatory bodies and law enforcement agencies have received numerous complaints against such fraudulent operators, most of whom are situated outside India. They are operating in India through local agents.

Officials claim that while your mobile lending apps may promise you quick cash if you default even once, the system will scream at you in its ugly face. Loan collection agencies have sunk to such lows that they publicly shame individuals by sending derogatory messages to their friends in both their personal and professional lives.

ALSO READ: Beware Before Taking Loan From That Quick Loan App! Indian Agencies Are Looking For This Chinese Mastermind Behind These Fraud Apps

In many instances, it was discovered that one of the milder insulting names used in texts sent to every connection of the borrower is “rapist.” Family, friends, coworkers, and all other personal contacts received offensive texts and manipulated photographs.

“We are currently checking these service providers after receiving numerous complaints against them. Abuse, morphing, and threatening behaviour are crimes that will be punished harshly. These apps cannot illegally acquire data and endanger their clients’ contacts. During our initial inquiry, we discovered 274 similar fake quick loan apps and took action against them,” said Triveni Singh, SP, UP Cyber Crime.

According to officials, harassment by debt recovery agents engaged by these rapid lending applications has even resulted in suicides, as the agents slander the loanees in order to recover the loan. Recovery agents have been extorting money from loanees in their most recent attempt to retrieve money from them by changing the loan defaulters’ photographers.

ALSO READ: Chinese Scammers Mastermind Behind Rs 3,000 Crores Part-Time Job & Instant Loan Fraud: Senior IPS Prof. Triveni Singh

Officials have also discovered that these apps are being used outside of the country, particularly in China. These apps are controlled by Indian agents who receive large commissions.

Since 2021, when the COVID-19 pandemic was at its peak, non-registered Chinese loan apps have been under examination in India.

They had specifically targeted young people who had lost their employment due to the lockdowns.

People in severe need of money will take advantage of it because it offers quick approval with no paperwork or other typical difficulties.

Following a flood of complaints, mostly from Telangana, and several reported fatalities as a consequence of the harassment, Google cracked down on such apps and removed them from the Play store.

ALSO READ: Fraudulent Quick Loan Apps & Chinese Directors Behind RBI’s Crackdown Against 5 NBFCs

COMPLETE LIST OF FRAUD LOAN APPS

Cash Advance Atach, Dhan Pal, Cash Host, Rupeeok, Cash Manager, Fri Loan, Cash Advance T1,Cashcom, Walletpro, Well Credit Gold, Honey Loan, Eulavt App, Honey Loan App, Handey Loan, Cash Advance, Lucky Loan App, DuttaRuppes, Personal Loan App, Rapid Paisa, Money View App, Doa Cash Loan App, Coin Track,  Avail  Finance, Help  Money  Application, Credit  Box Alpha Loan, Future Wellet, Harmony Loan, Needy Loan ,Sugar Money, KreditcoinApp,Areako, Credit Pearl, May Loan, Fortress Loan App, Cash Credit, Ariaeko Lone, Wallet  Pro, Cartel Loan, Lucy Cash Lone, Ok Rupee Loan Application, Hi Credit App, Support Loan, Quick Money App,Topcash Loan, Easy Barrow Loan App, Carpwallet, Rupeebox, Credit marvelx, Rupeeredee Loan App, Many Loan, Rupee pocket, Payrupik, Kridet Marvel, Volcano Loan, More Loan, Magic Loan, Instant Loan, Yes Cash, Magic Money, Rupee Papa, Cash Xp, Rupee Ok 1, Cash Ok, Sunshine Loan, Credit it App, Palmrupees, Easy Rp, Money Ladder, Elephant Cash, Magicc Loan, Cash Loan, Pillai Loan, Credit Loan, Rupeey Hall, Income Loan App, Top Cash, Flash Rupee, Cash Station, Rupeestar, Link Money, Loan Home, Ruffilo, Mony Stand Credit Loan, Charms Mass Tech Pvt Ltd (Bellon Loan App), Baba Nanak Financial  Services Ltd (Kredit Mango App), Aladdin Lamp TechnologyPvt Ltd (Papa Money Loan App), PradhanmantriYojna Loan App, Loan Bro Loan App, Rupeehome,  Krazeyben,  Aaacash,  Crystal Loan, Gold Sea, Monney Tank, Yes Rupees, Flash Loan  App,  Need  Rupee,  Mama  Loan, Dhani, Rainbow Loan, Quick Cash, Moneystand, Moneyhouse, Stany  Rupee, Creditrupee, Cash Samosa, Infinity Cash, My Kredit,, Lucky Loan, Sugar Money, Kissht, Rufilo, May Lon App, Fexli Loan, Marwel Loan Baba Nayak Finance, Minutes  In  Cash, Brow  Cash,  Get Cash, Discover Loan App, Cash Cow, E Paisa (New Paisa), Shuttle Loan, Es Loan, Alpha Loan, Honey Loanin, Cash Light, Topcash, Manta Cash, O Cash, Hello Box, Wallaby App, Jasmine Loan App, Arak Loan, Fast Cash, Only Loan, Rupaiya Bus, Link Money, Lend Moll, Creditking, Hi Cash (AnggraeniNugroho),UPA Loan, Goldman Payback, Handy loan,  Rupeeking, MiRupe, One Loan, Cash Any Time, Express Loan,  Loan  Dream,  Rupee  Loan, Flash Loan Mobile, Rupee Star, Wow Rupee, Cash Park Loan, Hoo Cash,  First  Cash,  Clear Loan, Rupee Box, Small Loan, Rich, Loan Go, Asan Loan, Live Cash, Fast Rupee, Loan Fortune, Cash Pocket, Insta Loan, Apna Paisa, Coin Rupee, Cash Papa, Loan Cube, Hand Cash, Loan Home Small, I Credit, Wen Credit, Samay Rupee, Lend Mall, Silver Pocket, Bharat  Cash,  Money Master, Easy Loan, Warn Rupee, Smart Coin, Lucky Wallet, UPO Loan.com, Buddy  Loan, Cash Mine, Tyto Cash, My Cash Loan, Simple Loan, Cash Machine Loan,  For  Pay,  Minute Cash, Fast Paisa, More Cash, Cash Book, Hand Cash Friendly Loan, Reliable  Rupee Cash, Early Credit App, Eagle cash loan App, Cash Carry App, Cash park, rich cash, fresh loan, Betwinnerbetting,Rupee mall, SUN CASH, Minute cash, Bus rupee, ob cash loan, onstream, Kash loan, Small Loan, Rupiya bus, Insta money, Slice pay, loan cube, Ikarza,money  stand pro, Pokemoney, Quality Cash, loan loji, Forpay app, Rupeeplus, Dream  loan,  cash  star  miniso rupee, cashpal, fortune now, credit wallet,pocket bank, Loanzone, Fast coin, star loan,Easy Credit, ATD lone, tree lone,  Balance lone, cash bowl, Cash curry, cash  machine,  cash pocket live Cash, Cash Cola, 66 cash, koko loan, Loan Resource(disi), Cash Hole, Easy Borrow Cash loan, IND loan, Wallet Payee, Cash Guru App, Gold Cash, Orange Loan, Angel Loan, Loan Sathi, Sharp Loan, Daily Loan, Sky Loan, Mo Cash, Jo Cash,  Best  Paisa,  Hello Rupee, Holiday Mobile Loan, Phone Pay, Plump Wallet, Cashcarry Loan App,  Crazy  Cash, Quick Loan App, Rocket Loan, Rupee Magic, Rush Loan, Bellono Loan App, Agile  Loan app, Cash advance 1, IncomeOK.

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