274 Fake Loan Apps Have Fallen Under Police & RBI Radar For Significant Law Violations, Review The Full List
274 Fake Loan Apps Scanned by Police & RBI
Whenever you need quick cash, the first name that comes across your mind would be your favorite person whom you can trust that the same would not say ‘NO’ to you. That could be anyone, any family member, a friend, a close cousin, or any other relative. Moreover, if you are unable to find an appropriate person that could lend you some bucks in your hour of need to pay your outstanding dues you will certainly go for some other option that can provide you with a major or minor loan to fulfill your needs.
In that condition, don’t rely on the advertisements that are luring you to take instant loans in some minutes popping on your computer or mobile phone screens at any social media handle or some other website. Numerous law enforcement agencies have issued a warning against cyber thieves trying to steal your database through a number of Bogus or Fake Loan Apps.
Recently, a high-rank official of the Hon’ble Reserve Bank of India has revealed that the same is investigating 274 Bogus Loan Apps that are pretending to be legitimate and are offering quick money to their customers. However, they exactly take the ultimate benefit of the opportunity of having access to the utmost sensitive details of the customers who have fallen prey to their bait.
On a daily basis, numerous law enforcement agencies are having a number of complaints from the people who have become victims of the complex web of cyber fraud created by these Fake Loan Apps, most of whom are based overseas. They are just operating in India through a network of fraudulent local agents or operators.
Shaming Individuals by Sending Degrading SMSs by Fake Loan Apps
Several office-going personnel even claim that these mobile-based fake loan apps have gone to such lows that they even send some degrading or publicly shaming SMSs to their friends and relatives of the borrowers in their both personal and professional lives.
Moreover, in other cases, we also found that they use some publicly insulting terms in the SMSs sent to almost every connection of the borrowers as ‘rapist.’ In addition to this, the borrower’s family members, friends, colleagues, and close relatives’ contacts even received offensive messages and abused images.
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An investigation by Prof. Triveni Singh, SP, Uttar Pradesh Cyber Crime Cell
This alarm has been raised by the first CyberCop of India, Triveni Singh, an IPS officer, currently serving as SP in UP Cyber Crime Cell. Further, he also stated on his LinkedIn handle about these serious incidents have taken place in many parts of the state. He said “We are investigating these 274 Instant Loan App as we have received thousands of complaints against them about the threat, extortion, etc. We have also requested RBI for clarification on the legality of these apps!”
As per many officials, a high level of harassment and mental trauma has been caused within the mindsets of the borrowers. These debt recovery agents by these fake loan apps have raised a pretty much problematic situation that people are even stressed to that much extent that they are doing suicide attempts as they cannot tolerate the obscenity spread by altering their personal photographs and reaching to the personal contacts of their near-dear ones.
Some reports are also showing that these apps have their headquarters overseas, especially in China. Most importantly, these fake loan apps are monitored and channeled by Indian agents who are getting giant cuts for their illicit operations in India.
The Government of India is reviewing the authenticity of non-registered China-based loan apps since 2021, right from the COVID-19 Pandemic was at its optimum level.
During that lockdown period, a large number of youth had lost their employment which was the intended target of these fake loan apps for easy money that caused major problems later on. In the scenario where youth lost their jobs due to COVID-19 Pandemic, these fake loan apps offered a quick short loan with no paperwork or other formalities that attracted the youth more.
In the present circumstances, Google has taken over such fraudulent apps and removed them from its Google Play store as an abundance of complaints were lodged mostly from Telangana state and other corresponding states describing the ill effects of harassment concerns.
Match The Name of Your Favourite App in the Full List Here of the Bogus Loan Mobile 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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