Indian government bans 87 illegal loan apps

India Dec 04, 2025

Big news: The Indian government just blocked around 87 illegal loan applications that were hitting people with sky-high interest rates and sketchy tactics.
Led by the Ministry of Electronics and IT, this move aims to protect users from getting trapped in debt by apps that charged up to 25% interest per month.

Why the crackdown happened

These apps weren't just expensive—they also harassed borrowers, misused personal data, and even tried blackmailing users with edited photos or nonstop calls to their friends and family.
After a wave of police complaints, officials stepped in using IT laws to help keep digital lending safer for everyone.