Ever been in a money crunch and searched “instant loan app” on Google Play? You’ll probably see dozens of apps promising quick cash in minutes. One of those names that keeps popping up lately is the Ultra Loan App.
It sounds tempting: “Apply in seconds, no paperwork, money credited instantly.”
But before you hit Install, it’s worth asking: is Ultra Loan App safe… or is it another online loan scam?
Let’s break it down.
Ultra Loan App Review
The app markets itself as an instant loan platform, claiming that users can get quick personal loans with minimal documentation.
The interface looks clean, it talks about convenience, and the approval process seems fast.
That’s why so many people, especially those in urgent need of money, download it without checking who’s actually behind it.
Is Ultra Loan App Safe?
While the Ultra Loan App might look legitimate, there are several red flags that should make you pause.
1. Hidden Costs & High Interest
Some users complain that once you apply, the actual interest rate is shockingly high, even hundreds of percent per year.
You might think you’re borrowing ₹5,000, but you end up owing double or triple in just weeks.
2. Excessive Permissions
Like many shady loan apps, Ultra Loan reportedly asks for access to your contacts, gallery, camera, and messages.
These permissions are unnecessary for a simple financial transaction, but useful for harassment and blackmail if you ever miss a payment.
3. Harassment & Threats
There are reports on consumer forums and social media of users being threatened or humiliated after defaulting on small loans.
In some cases, borrowers said the app’s agents sent edited photos or mass messages to their contact lists demanding repayment.
4. No Clear RBI Registration
According to the Reserve Bank of India (RBI), every legitimate digital lender must be registered as an NBFC or partnered with one.
In the case of Ultra Loan App, there’s no verified NBFC partner publicly listed, and the app doesn’t appear in the RBI’s official database. That’s a big warning sign.
Ultra Loan App Complaints
On many websites, including Consumer Complaints, people have shared their experiences.
One complaint reads:
“Ultra loan is a fake policy loan. I paid, but the loan is not clear. They’re disturbing me on WhatsApp.”
Another from a Kerala user on Reddit said:
“Don’t permit loan apps to access your gallery or contacts. They misuse it to threaten you later.”
These aren’t isolated cases.
Over the past few years, hundreds of such “instant loan” apps, often operating under new names every few months, have been reported for the same behaviour: small loans, huge interest, and public harassment..
How Ultra Loan App Scams Work?
- You download the app after seeing an ad like “Get ₹10,000 in 10 minutes”.
- You upload your ID, PAN, and grant phone permissions for “verification”.
- You get a small loan amount, often less than promised, and a very short repayment window (like 7 days).
- If you delay payment, you start receiving abusive calls and WhatsApp messages, sometimes even to your friends or relatives.
- The app may threaten to leak your photos or data if you don’t pay immediately.
Sound familiar? That’s the same pattern behind dozens of other fake loan apps that have already been banned by Google in India.
How to Identify a Fake Loan App?
Here’s a quick checklist to help you spot scams like Ultra Loan App before they trap you:
- The app doesn’t name a registered bank or NBFC partner.
- It asks for unnecessary permissions (contacts, gallery, etc.).
- The interest rate or repayment period is not clearly mentioned.
- You see pressure tactics like “Offer expires in 5 minutes!”
- The app has poor spelling, broken English, or fake-looking reviews.
- You can’t find an official website, customer-care number, or physical address.
If two or more of these apply, don’t download it.
How to Complaint Against Online Loan App?
If you’ve used the Ultra Loan App and are facing harassment or data misuse, you still have options.
- Don’t panic or pay more money under pressure.
- Take screenshots of all messages, calls, and payments.
- File a cyber crime complaint.
- Report the app on the Google Play Store to help others avoid it.
- Block the harassing numbers and inform your local police cyber cell if threats continue.
- Alert your bank and monitor transactions for any suspicious activity.
Need Help?
Register with us now if you have been a victim of such loan app scams, and get help in drafting and documenting your complaint online.
Conclusion
The Ultra Loan App might promise “instant money with no paperwork”, but the hidden cost could be your privacy, peace of mind, and data safety.
In India, fake loan apps are getting smarter, but so can we.
The next time an app promises fast cash, take five minutes to check who’s behind it. If there’s no clear lender name or RBI registration, that quick loan can turn into a long nightmare.
Remember: a real lender never threatens, shames, or spams your contacts. If an app does that, it’s not a lender, it’s a scam.
