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Latest Fake Loan App List 2026 – RBI Guidelines & Banned Apps List

Updated on: 18 Feb 2026

There is no fixed list of fake loan apps because scammers keep launching new ones under different names. Some commonly reported names linked to loan scams include Insta Loan, Maxi Loan, RupeeGo, Lendkar and CashBus.

What matters more is knowing the warning signs. Fake loan apps often ask for unnecessary permissions, charge fees upfront, hide their details or have poor reviews. This is why you must always check if a lender is regulated by the RBI before applying. This can keep you safe from digital lending scams.

What are Fake Loan Apps?

Fake loan apps are digital platforms that appear to offer quick personal loans but operate with dishonest intent. Instead of providing genuine credit, they are often designed to extract money or misuse personal data.

Some of these apps collect upfront charges in the name of processing fees and never disburse the loan. Others approve loans but later impose very high interest rates, add hidden costs or follow aggressive recovery practices that go against RBI guidelines.

List of Fake Loan Apps in India

While multiple suspicious loan apps exist, the following names have been commonly reported by users and regulators:

GuayabaCash: Reported for unauthorised lending activities and unclear charges shared only after loan approval.
PréstamosCrédito: Known to ask for upfront fees while promising quick loans with little or no verification.
EasyCredit: Lacks clear RBI registration details and has complaints around excessive charges.
FlashLoan: Users have reported fake approvals and hidden repayment conditions.
Flip Cash: Flagged for operating without proper authorisation and charging hidden fees at high interest rates.
AA Kredit: Flags include unclear company information and requests for unnecessary app permissions.
4S Cash: Reported for aggressive recovery behaviour and very high interest rates.
CashFish: Not RBI-registered, with multiple user complaints about forceful recovery practices.
ApnaAroham: Known for misuse of personal data, extremely high APR and harassment during recovery.
Instantáneo Préstamo: Reported for pressure tactics during repayment and unclear loan terms.

Note: These apps are listed based on publicly available complaints and warnings. App behaviour can change over time and new fake loan apps may appear.

How to Spot Fake Loan Apps?

Quick access to credit can look tempting. But it often comes with hidden risks. Here are some common signs that a loan app may be fake:

Does not follow RBI lending guidelines or clearly mention its registration details
Has no official website or uses a poorly designed or fake website
Does not provide a loan agreement with clear interest rates and charges
Asks for processing fees or other payments before loan approval
Approves loans without asking for basic documents or verification
Has mostly negative reviews mentioning harassment or data misuse

How to Avoid Falling for a Fake Loan App?

Fraudulent lending applications can steal your hard-earned savings and leave you in financial turmoil. You must take these steps to prevent falling into a trap set by fake loan companies in India:

Borrow from RBI-approved Lenders

Before applying for a loan, check if the lender’s name features in the list of lenders approved by the RBI. Once you check this, you can rest assured that you aren’t falling into any trap. Check this list on the official website of the central bank.

Check the Lender’s Website

To validate a lender’s authenticity, you can check if their website is secured or not. A secure website generally has ‘https’ added at the beginning of the URL.

Read the Terms and Conditions

If the lender doesn’t provide you with an agreement, demand one before availing of a loan. So, read all the terms and conditions carefully before you plan to take a loan.

Assess Loan Fees

Before applying for a loan, check the charges associated with a loan facility. Note that some loans also carry hidden charges.

Check App Permissions

As per the RBI guidelines, a lender cannot store a borrower’s information beyond their personal details. Check if the application asks for access to data that it may misuse in the future.

What Can Happen If You Use a Fake Loan App?

Using a fake loan app can lead to serious consequences like:

Loss of money through upfront fees or hidden charges
Misuse of personal data like contacts and photos
Harassment through calls or messages to you and your contacts
Damage to your credit profile
Stress and financial pressure due to unfair repayment demands

How You Can Identify Fibe as a Real Personal Loan App?

If you want instant credit without the risk of scams, here is how you can check Fibe’s authenticity:

You can verify that Fibe is an RBI-approved lender by checking registration details
You can read customer reviews and real user experiences online
You can check Fibe’s security standards, including ISO IEC 27001 certification
You can review clear loan terms, transparent charges and see that there are no upfront fees

With Fibe, you can get Personal Loans of up to ₹10 lakhs securely and affordably. Just download the Fibe Personal Loan App to get a loan with quick sanction and minimal paperwork.