Instant loan apps are everywhere these days. If you’ve been scrolling through the App Store lately, you might have come across IFPL Rupee, an app promising quick cash, fast approvals, and zero complications.
And sure, when you’re in a tight spot, the idea of getting ₹2,000–₹10,000 in minutes sounds tempting.
But before you tap that “Apply Now” button, it’s worth asking:
Is IFPL Rupee actually safe? Or is it just another risky loan app wearing a clean interface?
Let’s break it down together.
IFPL Loan App Review
At first glance, IFPL Rupee looks like your typical quick-loan app: modern UI, simple forms, and claims like “no hidden charges” and “instant approval.” It’s listed on the App Store under Intercity Finvest Private Limited, which sounds official enough.
But when you dig a little deeper, things start feeling vague.
- No Lender Information
Every legitimate loan app in India must clearly show the RBI-registered NBFC or bank backing it.
IFPL Rupee? No clear lender listed. That’s the first red flag.
- Minimal public information
- The app does not have a verified website and detailed T&Cs.
- There is no transparency in grievance redressal details.
Basically, none of the things you want to see before sharing your Aadhaar and PAN.
- Shows Pattern of High-Risk Instant Loan Apps
The app claims very quick approvals plus very short tenures & unclear fees. These combinations are generally suspicious.
Many scam loan apps have followed this exact formula.
So, while IFPL Rupee may look polished, the lack of transparency makes it a risky choice.
Is IFPL Loan App RBI Approved?
Let’s get straight to it:
To legally operate, every digital loan app must be tied to an RBI-registered NBFC or bank and appear on the RBI’s official Digital Lending Apps (DLA) list.
Here’s what we found:
- Intercity Finvest Private Limited (the listed developer) does not show up in the RBI’s official DLA listings.
- The app itself does not publicly disclose the NBFC partner behind the loans.
So, based on everything available publicly:
- There is NO verified evidence that IFPL Rupee is RBI-approved.
- There is NO verified NBFC partner mentioned.
That alone should make you pause.
Is IFPL Loan App Safe?
Short answer? Not enough evidence to call it safe. Long answer? Here’s why:
1. Regulatory Uncertainty
If an app isn’t transparent about its RBI approval or NBFC partner, it’s already operating in a grey zone
2. Lack of Proper Customer Support
Most trusted lenders give you real email IDs, phone numbers, and addresses.
Apps like this often… don’t.
3. “Instant Short-Term Loan” red flags
Apps offering 7–14 day loans often:
- Deduct big fees upfront
- Charge a very high interest rate
- Use aggressive recovery methods
If you’ve ever heard of loan apps calling your contacts or sending threatening messages, this is usually the category.
4. Data privacy concerns
Loan apps with unclear policies sometimes:
- Access your contacts
- Peek into your gallery
- Misuse of KYC documents
- Harass borrowers on WhatsApp
With IFPL Rupee not clearly stating how your data is handled, caution is 100% necessary.
IFPL Loan App Complaints
Now, because the app is relatively new, there aren’t many public reviews or formal complaints yet.
But apps like this typically trigger issues such as:
- High processing fees are deducted upfront
- Loan tenure shown as 90 days, but repayment is demanded in 7–14 days
- Harassment by recovery agents
- Auto-credited “top-up loans” without permission
- Threats using your personal contacts
If you experience any of this, treat it as a serious warning sign.
How to Report Loan Frauds in India?
If you ever feel cheated, threatened, or uncomfortable with a loan app, here’s EXACTLY what to do:
1. Collect Everything
Take screenshots, screen recordings, call logs, anything that shows:
- Threats
- Harassment
- Unexpected charges
- Money deducted
- UPI IDs or bank accounts used
Keep it all in one folder.
2. File a Cyber Crime Complaint
Visit the Cyber Crime Portal and
- Choose Financial Fraud.
- Click on the Online Loan Apps
- Attach your evidence
- Submit your Complaint.
3. Inform Your Bank
Ask them to:
- Monitor suspicious transactions
- Disable unknown autopay mandates
Need Help?
If you’re:
- Being harassed
- Tricked into paying extra
- Getting threatening messages
- Worried your data will be leaked
You are not alone. Register with us now.
Our team has helped countless people deal with fake loan apps.
We can guide you through:
- File a cyber crime complaint
- Drafting an FIR
- Stopping harassment
- Protecting your data and accounts
Just reach out, and we’ll walk you through it step by step.
Conclusion
Here’s the honest verdict:
IFPL Rupee does not appear to be RBI-approved, does not list a verified NBFC partner, and lacks the transparency expected from a safe financial app.
While it may look convenient, the risks outweigh the benefits, especially when your personal data, financial details, and peace of mind are at stake.
If you’ve already interacted with the app, take precautions. If you haven’t, you’re better off side-stepping it entirely to avoid loan scams.
When it comes to loans, choose safety first. Always use apps backed by RBI-registered lenders, with:
Clear terms
Transparent fees
Real support
Verified NBFC partnerships
Your financial security matters. Don’t compromise it for a quick loan.
