Journal of Intelligent Systems and Internet of Things JISIoT 2690-6791 2769-786X 10.54216/JISIoT https://www.americaspg.com/journals/show/3158 2019 2019 Department of Commerce and Business Management, Integral university, Lucknow, India Syed Syed Department of Commerce and Business Management, Integral university, Lucknow, India Syed Afzal Ahmad 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 2025 209 220 10.54216/JISIoT.140116 https://www.americaspg.com/articleinfo/18/show/3158