Is Your Loan App Actually RBI-Approved? The 3-Minute Check Most Borrowers Skip
RBI lists about 1,040 lending apps, and fakes copy their names. Check any loan app in 3 minutes: the real lender, RBI’s DLA list, permissions, APR and red flags.
Loan App Recovery Agents Calling Your Family? Here’s What RBI Says They Cannot Do
Recovery agents can’t call before 8 am or after 7 pm, threaten you or use your contacts. Your rights under RBI rules and the exact steps to complain.
Your Loan App Vanished From Play Store. Do You Still Have to Pay?
41 lending apps reported to RBI had no live Play Store page in Oct 2026. If yours vanished, your loan still stands. What to do next and how to avoid fraud.
Chinese Loan App Scam in India. What were the issues and how it hurt the Borrowers?
In recent years, there has been a rise in the number of Chinese loan apps in India that offer quick and easy loans to borrowers. However, many of these apps have been found to be scams, leaving borrowers with financial difficulties and hurt credit. The Chinese loan apps typically require borrowers to provide personal information, […]
Why to take Loans from only Mobile Apps that are RBI registered NBFCs and not any Mobile App on the Playstore
It is important to take loans only from mobile apps that are registered with the Reserve Bank of India (RBI) as Non-Banking Financial Companies (NBFCs) for several reasons: 1. Legal and Regulatory Compliance Only mobile apps that are registered with the RBI as NBFCs are legally compliant and operate within the regulations set by the […]
Why take Loans only from RBI registered NBFCs and Banks
The following are the reasons to take loans only from RBI registered NBFCs and Banks: 1. Regulation and Oversight Loans from RBI registered NBFCs and banks are regulated and overseen by the Reserve Bank of India (RBI). This means that they are subject to strict guidelines and regulations that help protect consumers from predatory lending […]
Does the RBI’s Digital Rupee allow for Fixed Deposits?
The Reserve Bank of India (RBI) opened a small group of participating customers and merchants to test the first retail digital rupee (e-R) pilot program. A digital token that represents legal tender in the form of the digital rupee. The central bank is now evaluating the stability of the entire process of creating, distributing, and using […]
Everything You Should Know About the Digital Rupee
Quick check: Before you download a loan app, check which RBI-registered lender is behind it, and compare its APR, not just the interest rate. For example, see MoneyTap / Freo and Chinmay. What exactly is Digital Rupee? A “legal tender” issued in digital form by a central bank, according to the Reserve Bank of India, […]
Bank Cash Deposit Rule Changes in India
The Government has taken a number of initiatives to combat unauthorised and unreported cash transactions. For big cash deposits in one or more banks within a fiscal year, the government has increased the cash withdrawal cap and made PAN cards and Aadhar cards mandatory. In order to deposit a substantial sum, you must now present […]
What should you choose for a lender: Housing Finance Companies?
Bank Home Loans with floating rates must now be tied to an external benchmark, such as the repo rate, under Reserve Bank of India (RBI) instructions that took effect in October 2019. Making ensuring that rate-cut advantages were passed through to borrowers was the goal of the new loan system. That is to say, if […]