What is a Loan App Scam?

Fraudulent loan apps lure users with instant loans and minimal documentation. After access is granted, scammers misuse personal data, demand excessive interest, and resort to harassment and blackmail.

Common Tactics Used

•    Asking for full contact and gallery access
•    Charging hidden fees
•    Threatening users with fake legal notices
•    Publicly shaming users through contacts

Red Flags

•    Apps not listed on official app stores
•    No clear company details
•    Unusual permission requests

One-Line Immediate Action

👉 Uninstall the app, revoke permissions, preserve evidence, and report the scam on cybercrime.gov.in.

Legal Awareness (India)

Loan app scams violate the IT Act, 2000, RBI guidelines, and criminal laws related to extortion and data misuse.

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