Scam Warning: Magic Loan is NOT registered with RBI. False disbursement promises.
App Status: ❌ WARNING: Fake / High Risk
UNAUTHORIZED: Unregistered APK app designed to extract processing fees.
Key App Details
| NBFC / Banking Partner | None |
| Max Loan Amount | Rs 5000 |
| Repayment Tenure | 7 Days |
| Interest Rate | 300% per annum |
| Processing Fee | Upfront fee trap |
Disclaimer: Always verify RBI registration numbers on the official RBI website before sharing personal documents or taking loans.