aspg-18-3158-1792025570 20261015005250 American Scientific Publishing Group admin@americaspg.com American Scientific Publishing Group Journal of Intelligent Systems and Internet of Things JISIoT 2769-786X 2690-6791 2025 14 1 Akhtar Hasan Jamal Khan Department of Commerce and Business Management, Integral university, Lucknow, India Syed Afzal Ahmad Department of Commerce and Business Management, Integral university, Lucknow, India Loan frauds in India have gotten more difficult by exploiting financial system vulnerabilities. Online purchasing has exacerbated these frauds. Identity fraud, phoney paperwork, and unclear loan conditions are common. This article looks at how blockchain and IoT could make loans safer, more open, and more efficient, reducing loan fraud. On an independent blockchain network, the proposed IoTBlockFin system records all loan events. This opens up the system and prevents dishonest alterations. IoT devices verify borrower identities and property, reducing false claims. An online loan application and smartphone app allow remote loan status checks. This speeds up and simplifies client service. Blockchain's digital safety measures protect sensitive user and transaction data from unauthorised parties. This prevents data breaches and illegal access. This comprehensive approach reduces loan frauds and improves financial transactions. IoTBlockFin seeks to solve today's lending process, which will transform India's banking business. 2025 209 220 3158 https://creativecommons.org/licenses/by/4.0/ 10.54216/JISIoT.140116 https://americaspg.com/journal/18/article/3158 https://americaspg.com/storage/41724145391.pdf