If you’ve ever searched for quick ways to check your credit score or get instant financial insights, you may have come across an app called NayaCred. It looks modern, claims to help you manage your credit better, and even has a fancy tagline “Better Credit Starts with NayaCred.”
But here’s the catch: when it comes to apps that deal with your personal and financial data, appearances can be deceiving.
Is NayaCred App Safe in India
Multiple users have reported that NayaCred App asks for several permissions during installation permissions that seem unnecessary for its claimed purpose.
Here’s what it reportedly requests:
- Access to contacts and call logs
- Access to storage (photos and files)
- Permission to read SMS messages
- Access to device information and location
Now, why would a “credit insights” app need access to your contacts, photos, or messages?
Such permissions are common tactics of fake or unsafe finance apps, which sometimes misuse this data for:
- Harassment in the name of “loan recovery”
- Selling user data to third parties
- Fake loan approval traps
So yes, the permission list alone makes NayaCred unsafe and suspicious.
NayaCred App Risks
No, the NayaCred app is not safe to use because:
- Has been removed from the Play Store.
- Lacks RBI/NBFC registration.
- Requests unnecessary permissions, and
- Have no verified reviews or transparency.
If you value your privacy and financial safety, it’s best to avoid NayaCred completely.
How to Report NayaCred App?
If you believe you can check fake loan apps or unsafe credit score apps like NayaCred, here’s how to report it:
- File a complaint on the RBI Sachet Portal: sachet.rbi.org.in
- Choose the “Digital Lending” category to report unregistered loan apps.
- File a Cyber Crime Complaint at National Cyber Crime Portal.
- Flag the app on Google Play (if listed) under “Flag as Inappropriate.”
- Contact your local cyber police if you face harassment or receive threats.
Need Help?
If you have lost your funds on Naya Cred app or another social platform, then take quick action now.
Register with us and get assistance in reporting the complaint online using the right protocol.
Conclusion
No, NayaCred is not a safe app.
It’s been removed from Play Store, lacks RBI registration, and reportedly asks for permissions unrelated to its purpose. These are classic signs of an unsafe app that could misuse user data.
If you’re looking for genuine credit tracking or financial management tools, choose verified apps that clearly mention their RBI/NBFC partners and have transparent privacy policies.
