Photo by Fabio Sasso on Unsplash Every week, another headline: "Loan app scam leaves hundreds harassed." Fake apps that steal your contacts, charge 100%+ interest, and send threatening messages to your family. It's no surprise that many Indians are asking: are loan apps actually safe? The short answer: some are, some aren't. The difference comes down to whether the app follows RBI's digital lending guidelines. This article breaks down exactly what those rules are, how to verify any app, and gives you a checklist to protect yourself. First: RBI Doesn't "Approve" Loan Apps This is the most common misunderstanding. You'll see lists of "RBI-approved loan apps" everywhere online, but here's the truth: RBI does not approve, license, or certify loan apps. It regulates banks and NBFCs (Non-Banking Financial Companies). Loan apps are technology platforms that partner with these regulated lenders. So when people say ...