What is the “fake loan app list”?

The fake loan app list refers to mobile lending apps that have been flagged through regulatory warnings, enforcement actions, or user complaints for unauthorised operations, hidden charges, misuse of personal data, or harassment during loan recovery. These apps typically operate outside regulated lending norms in India.

Are there examples of fake loan apps in India in 2026?

Yes. Apps such as Flip Cash, ApnaAroham, CashFish, Kredipe, FlyCash, and LoanCube have been widely reported for regulatory concerns, lack of NBFC backing, or aggressive and unethical recovery practices. App status may change over time.

How can I identify if a loan app is fake?

Common red flags include no disclosure of an RBI-registered bank or NBFC partner, upfront processing fee demands, requests for unnecessary permissions (like contacts or gallery access), abusive recovery behaviour, and lack of a verifiable customer support address.

What are the risks of using a fake loan app?

Using a fake loan app can lead to data theft, financial loss, harassment, and psychological pressure. In some cases, fraudsters misuse personal data to threaten or blackmail borrowers.

How can I get a safe loan without falling for fake apps?

To reduce risk, apply only through platforms that work with authorised banks and NBFCs. Services like My Mudra help users compare regulated loan options transparently, lowering the chances of falling for fraudulent lending apps.

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Fake Loan App List (2026 – Apps Banned or Flagged in India)

An updated 2026 list of fake, banned, or unsafe loan apps in India, along with clear warning signs and steps to protect yourself from digital lending fraud.

Anjali Singh

Assistant Manager

Published Date:Nov 27, 2025

Updated Date:Jun 26, 2026

Frequently Asked Questions

Anjali Singh

Assistant Manager

Hey there, I'm Anjali Singh. With over 6 years of experience in finance, I specialize in creating content on banking, loans, and financial planning. My goal is to simplify complex financial topics and help readers make informed decisions through my articles.

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