In recent years, thousands of Indians have downloaded personal loan apps promising quick cash in minutes. But suddenly, many of these apps are disappearing from the Play Store—banned, delisted, or suspended.
So, what’s happening behind the scenes?
This blog explores why Google is cracking down, what RBI guidelines say, and how Vizzve Finance stands apart as a trusted, ethical lending platform.
The Real Reasons Loan Apps Are Getting Banned
1. Violation of RBI Norms
Many apps were not backed by RBI-registered NBFCs or banks—making them illegal under Indian lending law.
2. Predatory Lending Practices
Charging hidden processing fees
APR exceeding 200–300%
No transparency on interest and penalties
3. Harassment & Data Abuse
Several apps accessed contacts, photos, and call logs, then used threats or blackmail to recover dues.
4. No Disclosure or KYC
Fake apps skipped KYC, never showed loan agreements, and often auto-debited from user accounts without consent.
5. Google’s Compliance Push
Google, in line with RBI, now requires:
Lending partners to be RBI-authorized
App details to list interest rate, repayment terms, customer care info
Full data policy disclosures
What RBI & Google Now Require for Loan Apps
✅ Must partner with RBI-licensed NBFCs or banks
✅ Mandatory digital KYC and signed loan agreement
✅ Clear interest, fees, and repayment structure
✅ No access to personal photos or contacts
✅ Strong customer grievance redressal system
How to Identify a Fake or Risky Loan App
🚩 No mention of NBFC partner
🚩 Unrealistic promises (“Loan in 2 minutes with 0% interest”)
🚩 Poor app reviews & aggressive follow-ups
🚩 Requests access to contacts or gallery
🚩 Forces UPI or unknown payment gateways
How Vizzve Finance Ensures Your Safety
At Vizzve, we believe lending should be ethical, transparent, and customer-first.
RBI-Registered Lending Partners
All loans through Vizzve are backed by authorized NBFCs, ensuring legal compliance.
Transparent Terms
We show total cost of borrowing before you apply—no surprises.
Secure KYC & Data Privacy
We follow strict KYC norms and never access personal files on your phone.
Human Support Always
We offer real-time customer service, not bots or harassment.
Easy, Trusted App Experience
Google Play compliant
Verified loan calculator
Full disclosure of APR, tenure, EMI options
FAQs – Loan App Bans Explained
1. Why are so many loan apps being banned in India?
Because they violate RBI rules, misuse data, or harass borrowers. Google is cracking down on such apps.
2. How can I know if a loan app is legal?
Check if it's partnered with an RBI-registered NBFC, has transparent terms, and doesn’t ask for unnecessary permissions.
3. Can loan apps access my phone contacts?
Not legally. Ethical apps like Vizzve Finance do not access personal data unrelated to loan processing.
4. Are all loan apps dangerous?
No. Many regulated platforms like Vizzve provide safe, fast, and fully legal personal loans.
5. What happens if I took a loan from a banned app?
You are still liable for legal dues, but the lender cannot harass or threaten you. Report any abuse to cybercrime or RBI’s complaint portal.
Conclusion: Choose Verified Finance, Not Vague Promises
The Play Store cleanup is long overdue. While fast money is tempting, safety, legality, and trust should never be compromised.
At Vizzve Finance, we ensure:
💰 Transparent loans
🔒 Privacy-first practices
🤝 RBI-compliant partnerships
🧠 Smart financial guidance
Choose financial freedom, not fear. Choose Vizzve.
Published on : 4th August
Published by : SMITA
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