Voice against unauthorised practices
What borrowers are reporting
Moderated, verified accounts of unfair and unlawful recovery conduct — so others know they are not alone, and so these practices are seen.
Report an incidentFeatured investigationThe instant-loan trap: what RBI-registered NBFCs put in their own paperwork
An evidence file on RBI-registered ‘instant loan’ NBFCs — Ram Fincorp, Zayloloan, Rupee On Time, Lendit and more — built from their own Key Facts Statements, agreements and recovery emails. Six documented cases, plus how to file an RBI complaint.
Read the investigationThe full series — 6 documented cases
Ram Fincorp lent ₹26,901 but demands ₹42,622 — its own KFS discloses a 173% APR
Ram Fincorp (R.K. Bansal Finance Pvt Ltd), an RBI-registered NBFC, lent a salaried Bengaluru borrower ₹26,901 but demands ₹42,622 back at 6 × ₹7,103 — its own Key Facts Statement disclosing 120% p.a. and a 173.39% APR. Your rights under the RBI Fair Practices Code and how to file an RBI complaint against a loan app.
Read the caseZayloloan's own paperwork discloses a 458.59% APR — and the same company runs three more loan apps
Zayloloan (Naman Finlease Pvt Ltd, RBI Sl. No. 5115) sanctioned ₹85,000 but paid out only ₹74,970, then charged interest on the full ₹85,000. Its own Key Facts Statement discloses a 458.59% APR. The same NBFC also runs Qualoan, Funds Bull and Zepto Finance. Your rights and how to file an RBI complaint.
Read the caseRupee On Time's own paperwork shows a documented effective APR of about 635% a year — and the NBFC behind it, Vrinda Finlease, is RBI-registered
Rupee On Time, the lending brand operated by RBI-registered NBFC Vrinda Finlease Ltd, carries a documented effective APR of about 635% per annum. What that number means, how daily-interest loans get there, your rights under the RBI Fair Practices Code, and how to file an RBI complaint against a loan app.
Read the caseLendit (Chinmay Finlease) paid off your loan — then handed you a bigger one 3 days later. That's the trap, in its own paperwork.
How Lendit, the loan app run by RBI-registered Chinmay Finlease Ltd, rolled one short loan into a larger one three days later, labelled a 36.5% rate "flat" while charging it on a reducing balance, and pre-wrote home and office visits and employer contact into its agreement — plus your rights and how to file an RBI complaint.
Read the caseToofan Loan and Subhlakshmi Finance: When a Recovery Email Exposed Hundreds of Borrowers
Toofan Loan (Satisfaction Commercial Pvt Ltd) sent one recovery email to ~269 borrowers, and Subhlakshmi Finance one to ~190, with all addresses exposed in To/Cc. Both are RBI-registered. Your DPDP and RBI rights, and how to report data exposure via Sachet, the CRPC and cybercrime.gov.in.
Read the caseA loan app threatened to email a Bengaluru borrower's office "from 1 PM today" — what the RBI rules actually say
When a salaried borrower in Bengaluru fell behind, four loan apps — PaisaOnSalary, Qualoan, SnapPaisa and PaisaInTime — allegedly turned to his workplace and phone. What the RBI Fair Practices Code bars, and how to file an RBI or cybercrime complaint against a loan app.
Read the caseNo published reports yet. Be the first to speak up.