If you’ve searched for terms like “check credit score app,” “budget tracker,” “credit insights,” or “personal finance app,” you may have come across the NayaCred App.
At first glance, NayaCred appears to be a simple financial-management tool that helps users monitor expenses, track credit activity, and get insights about their financial health.
The website promotes features like Smart Credit Insights, Budget Smarter, and Expense Tracking, which make it look like a convenient personal-finance app rather than a regular loan app.
However, once you start looking deeper, several concerns emerge ranging from lack of regulatory clarity to user complaints on independent platforms.
This makes it important to understand what NayaCred really is and whether you should trust it.
NayaCred App Review
NayaCred (or Naya Cred) is an app that claims to offer financial tools such as:
- Checking credit insights
- Tracking expenses
- Setting smart budgets
- Getting better credit offers
Although the platform does not openly present itself as a loan app, the name “NayaCred” has appeared in multiple discussions related to short-term loan apps.
But…but..but..
Is NayaCred Legit?
For providing a loan, it is not officially registered with the RBI, especially those operating outside the official purview of the Reserve Bank of India (RBI).
However, it offers lending services through Navi Finserv Limited, which is an RBI-regulated NBFC-ND-SI (Non-Banking Financial Company – Systemically Important).
So, that means that NayaCred itself is not registered for loan or such services but partners with RBI-regulated company.
Does that make it safe for users?
Well, it is still doubtful.
Further, the app was removed from the Google Play Store in October 2025, according to AppBrain data.
For an app that deals with credit data, vanishing from the Play Store is a massive red flag.
Is the NayaCred App Safe?
Since the app is not approved by the RBI, it is not safe to use in the first place.
Also, when dealing with such apps, you provide data, including your documents like PAN, Aadhaar, or bank details, which might be risky in one way or the other way.
Apart from this, the NayaCred app reportedly asks for multiple permissions that have little to do with credit tracking.
Without verified encryption, user reviews, or a functioning Google Play listing, it’s impossible to confirm data protection.
Downloading it from a third-party site (APK) could even expose your phone to data theft, malware, or fake loan traps.
So no, it’s not safe to use NayaCred or share any personal information with it.
In short, all signs point toward fake or unsafe, as the app:
- Removed from the Play Store
- No official RBI/NBFC license
- No verified reviews or user testimonials
- The developer lacks transparency
- Multiple scam warning mentions on Indian fintech forums
Some reports even describe it as a 7-day loan scam app that tricks users into sharing financial info and then harasses them for repayments they never agreed to.
So yes, NayaCred appears to be a fake or fraudulent app and downloading the app could expose your device to:
- Malware
- Hidden spyware
- Unauthorized data access
- Fake loan traps
How to Report NayaCred App?
If you’ve already interacted with a suspicious loan or credit app:
- File a complaint in Cyber Crime.
- Report to RBI’s Sachet Portal.
- Report it on the Google Play Store (if still listed) for policy violation.
- If they harass or threaten you, immediately inform your local cybercrime police station.
Need Help?
If you have been a victim of such unregistered and fake loan app scams, you can register with us.
We’ll guide you through the process and help you file your complaint online safely and effectively.
You don’t have to face it alone.
Conclusion
The NayaCred platform may look polished on the surface, but everything underneath, from its missing RBI registration to its quiet Play Store removal, screams untrustworthy.
Always verify before trusting any site that asks for your personal or financial details.
Your privacy and your peace of mind are worth far more than any “instant credit score update” promise.
