In this article, I will be reviewing the top 7 days loan app list in India, including the full list of fake loan apps that practice 7 days loan app harassment.
Mobile apps have simplified various aspects of our lives, including financial transactions and access to loans. However, it is essential to be cautious and aware of the presence of fake loan apps that exploit unsuspecting individuals.
One common practice employed by these fraudulent apps is 7 days loan app harassment, where borrowers are subjected to harassment and unethical practices following expiration of illegal 7 days loan tenure wickedly given by fake loan applications.
This article sheds light on some notorious fake loan apps in India that engage in such practices, emphasizing the need for vigilance and caution and also demanding that no loan application should be giving loans to customers for just 7 days as it is illegal and Google has also disapproved of such unacceptable practice. I advise that you should only patronize reputable and legitimate loan apps in india.
7 Day Loan and 7 Days Loan App List
7 day loan typically refers to a short-term loan that is expected to be repaid within a period of seven days and platforms involved in such unethical practices have been regarded as part of the 7 days loan app list because this practice is illegal and contravenes Google Play Store policy for loan apps. These loans are often provided by financial institutions or online lending platforms to individuals who require immediate funds for a brief period.
The borrower is expected to repay the loan amount, along with any applicable interest or fees, within the specified seven-day timeframe. It’s important to note that the terms and conditions, interest rates, and eligibility criteria for such loans may vary depending on the lender and the specific loan product.
It’s always advisable to carefully review and understand the terms of any loan agreement before proceeding and more importantly only download and borrow money from the best loan apps on the digital space.
List of Fake Loan Apps Practicing 7 Day Loan App Harassment
We have carefully studied the activities of applications in the 7 days loan app list and come up with outcome of our finding including how they harass customers and borrowers and fleece them of their money. What we found is detailed below:
1. MobiPocket Loan
MobiPocket Loan is one of the top lending platforms in India in the 7 day loan app list and we are warning individuals to exercise caution with due to its involvement in fraudulent practices, including harassment.
It offers loans ranging from Rs. 1,000 to Rs. 60,000 with an interest rate between 5% and 22%. It’s important to thoroughly research and evaluate the credibility of MobiPocket Loan before considering any financial transactions with them.
2. Base Cash Loan
Base Cash Loan is another loan app in India that individuals should be cautious of due to its association with fraudulent activities, 7 days loan app harassment and potential blackmailing practices.
It offers loans between Rs. 3,000 and Rs. 30,000 with an interest rate starting at 35%. It is advisable to exercise caution and conduct thorough research before engaging with Base Cash Loan to ensure the legitimacy of their services.
3. Maxim Loan
Maxim Loan has been associated with 7 days loan app list applications because of its fraudulent practices and harassment. Individuals should be cautious when dealing with this app. Maxim Loan offers loans ranging from Rs. 1,000 to Rs. 20,000 with an interest rate starting at 35%.
4. Friendly Cash Loan
Friendly Cash Loan has been flagged for its involvement in fraudulent activities and potential harassment. It provides loans from Rs. 1,000 to Rs. 30,000 with an interest rate starting at 35%.
You need to be careful when considering Friendly Cash Loan, and it is recommended to explore reputable alternatives and thoroughly research the company’s credibility before engaging with their services.
5. AA Loan App
AA Loan App is on the 7 days loan app list in India. Individuals should approach this application with caution due to its reported fraudulent practices and potential harassment. It offers loans ranging from Rs. 3,000 to Rs. 80,000 with an interest rate starting at 35%.
6. Safety Rupee Loan
Safety Rupee Loan is the sixth loan app in India that has also been flagged for its involvement in fraudulent activities and potential harassment.
Safety Rupee Loan offers loans between Rs. 1,000 and Rs. 20,000 with an interest rate starting at 35%. You need to verify the authenticity and credibility of Safety Rupee Loan and consider alternative options before engaging with their services.
7. Golden Rupee
Golden Rupee offers loans ranging from Rs. 3,000 to Rs. 50,000 with an interest rate starting at 18.25%. This loan app has also been reported for fake and fraudulent dealings with its cusmoters. You really need to be careful if you’re considering obtaining a loan from this app.
Loan App List
Here is a list of loan apps in India that individuals should be cautious of due to their involvement in fraudulent practices, including 7 day loan app harassment:
- MobiPocket Loan: Interest Rate: 5% – 22%, Loan Amount: Rs. 1,000 – 60,000
- Base Cash Loan: Interest Rate: Starting at 35%, Loan Amount: Rs. 3,000 – 30,000
- Maxim Loan: Interest Rate: Starting at 35%, Loan Amount: Rs. 1,000 – 20,000
- Friendly Cash Loan: Interest Rate: Starting at 35%, Loan Amount: Rs. 1,000 – 30,000
- AA Loan App: Interest Rate: Starting at 35%, Loan Amount: Rs. 3,000 – 80,000
- Safety Rupee Loan: Interest Rate: Starting at 35%, Loan Amount: Rs. 1,000 – 20,000
- Golden Rupee: Interest Rate: Starting at 18.25%, Loan Amount: Rs. 3,000 – 50,000
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Whether you’re facing a sudden crisis or find yourself in need of immediate funds, Navi app is your reliable companion, providing swift and hassle-free loan facilities to help you overcome any financial hurdle.
Fake Loan App Harassment Complaint
If you have experienced harassment or fraudulent activities from a loan app, it is crucial to take action and file a complaint. Contact the Reserve Bank of India (RBI) or the Cyber Crime Cell in your area to report the incident and provide relevant details.
These authorities can guide you on the necessary steps to seek justice and protect others from falling victim to similar scams.
What is the concept of a 7-day loan in India?
A 7-day loan in India refers to a short-term loan that is expected to be repaid within a period of seven days. These loans are typically offered by financial institutions or online lending platforms to individuals who require immediate funds for a brief period. The borrower is expected to repay the loan amount, along with any applicable interest or fees, within the specified seven-day timeframe.
What should you do if you identify fake loan app?
If you identify a fake loan app, it is essential to take immediate action to protect yourself from any further harm. Here are some steps you can take:
1. Stop Any Transactions or Payments
If you have already made any transactions or payments to the fake loan app, stop any further transactions or payments immediately. This can help prevent any further loss or damage to your finances.
2. Report to the App Store
If you have downloaded the fake loan app from an app store, such as Google Play Store or Apple App Store, report the app to the store immediately. This can help prevent other users from downloading the app and falling prey to the scam.
3. Report to the Police
If you have been scammed by a fake loan app, report the incident to the police immediately. Provide them with all the details of the loan app, including its name, contact details, and any other relevant information. This can help the police investigate the scam and bring the fraudsters to justice.
4. Report to the RBI
You can also report the fake loan app to the Reserve Bank of India (RBI). The RBI has a dedicated helpline for reporting any fraudulent activities related to financial services. You can call the helpline or email them to report the fake loan app.
5. Seek Legal Advice:
If you have been scammed by a fake loan app, seek legal advice immediately. A legal professional can help you understand your rights and options and can guide you through the legal process of seeking compensation for any damages.
Are there any loan apps in India involved in fraudulent practices and harassment?
Yes, there are several loan apps in India that individuals should be cautious of due to their involvement in fraudulent practices, including harassment. Some notorious examples include MobiPocket Loan, Base Cash Loan, Maxim Loan, Friendly Cash Loan, AA Loan App, Safety Rupee Loan, and Golden Rupee.
These apps have been flagged for engaging in unethical practices and exploiting vulnerable individuals in need of financial assistance.
How can I protect myself from fraudulent loan apps and 7-day loan app harassment?
To protect yourself from falling victim to fraudulent loan apps that make up the 7 days loan app list requires due caution. Many borrowers have reported severe emotional torture and some committed suicide due to the 7-day loan app harassment from these platforms.
it is important to conduct thorough research before engaging with any loan app. Pay attention to customer reviews, ratings, and the credibility of the app provider. Verify the legitimacy of the app and carefully review the terms and conditions before providing personal information or accepting a loan.
If you encounter any fake loan app or experience harassment, report it to the appropriate authorities, such as the Reserve Bank of India (RBI) or the Cyber Crime Cell in your area.
How can I determine if a loan app in India is legitimate or fake?
Determining the legitimacy of a loan app requires conducting thorough research. Look for official licenses and registrations, check if the app is listed on trusted app stores, read customer reviews and ratings, and verify the app’s association with recognized financial institutions. Legitimate loan apps typically have transparent terms, clear contact information, and secure payment gateways.
What are some warning signs of a potentially fake loan app?
There are several warning signs that may indicate a fake loan app. These include high interest rates, excessively lenient eligibility criteria, poor user reviews and ratings, lack of clear terms and conditions, absence of proper customer support, and requests for excessive personal information or upfront fees. If something seems too good to be true or raises suspicions, it’s advisable to proceed with caution or explore alternative options.
Conclusion
It is important to note that these apps are involved in unethical practices, including 7-day loan app harassment, where borrowers are subjected to constant threats and harassment until they repay the loan. These fake loan apps often exploit vulnerable individuals who are in urgent need of financial assistance.
Protecting oneself from falling victim to the 7 days loan app list platforms requires verifying the credibility of the app, reading customer reviews, and understanding the terms and conditions of any loan agreement. Reporting any incidents of harassment or fraud to the appropriate authorities is essential for seeking justice and safeguarding others from similar scams. Stay vigilant, informed, and cautious to ensure a secure and reliable lending experience.
To protect yourself from falling victim to such fraudulent loan apps, it is crucial to conduct thorough research and ensure the legitimacy of any loan app before providing personal information or accepting a loan. Pay attention to customer reviews, ratings, and the credibility of the app provider.
