Is Paisa247 Loan App Safe? RBI DLA Directory Verdict
Directory checked 2026-09-01
- ✅ Listed in RBI's DLA directory as “Paisa247”
- 🏛️ Deployed by: 2 regulated entities (see below)
- 📧 Grievance officer: arnab@jeff-app.com
- 🛡️ Complaint route: RBI CMS portal (free)
🔍 Paisa247 — What RBI's DLA Directory Records
| Regulated entity | BABA LEASE AND INVESTMENT PRIVATE LIMITED (NBFC) |
| Entity website | https://afiloans.co.in/ |
| Grievance officer | Arnab datta |
| Grievance contact | arnab@jeff-app.com · 6292006756 |
| Regulated entity | MEGHDOOT MERCANTILE PVT. LTD. (NBFC) |
| Entity website | https://www.meghdootmercantile.com/ |
| Grievance officer | Arnab datta |
| Grievance contact | arnab@jeff-app.com · 6292006756 |
📱 Distributed via: iOS App Store · Google Play · Website
Source: RBI — Digital Lending Apps deployed by Regulated Entities (public directory), checked 2026-09-01. Listings are reported by the regulated entities on RBI's CIMS portal without further validation by RBI — a listing is not an RBI endorsement. Always confirm the lender named inside the app matches the entity above before sharing documents.
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Is Paisa247 loan app safe?
Paisa247 is listed in RBI's public directory of Digital Lending Apps, deployed by 2 regulated entities including BABA LEASE AND INVESTMENT PRIVATE LIMITED (NBFC). The listing is reported by the regulated entity on RBI's CIMS portal — always confirm the lender named inside the app matches one of these entities before sharing KYC.
Which lender is behind Paisa247?
Paisa247 is deployed by 2 RBI-regulated entities: BABA LEASE AND INVESTMENT PRIVATE LIMITED, MEGHDOOT MERCANTILE PVT. LTD.. Your loan agreement names the specific entity for your loan — check it there.
Paisa247 customer care / grievance contact?
The grievance redressal officer on record for BABA LEASE AND INVESTMENT PRIVATE LIMITED is Arnab datta — arnab@jeff-app.com, 6292006756. Use this official contact, not helpline numbers found via Google search (scam helplines target loan-app users).
How do I complain against Paisa247?
Step 1: raise the issue inside the app. Step 2: email the grievance officer (arnab@jeff-app.com). Step 3: no resolution in 30 days — escalate free to the RBI Ombudsman at cms.rbi.org.in.
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