Apple does allow personal loan apps, but sets limits on interest rates and repayment deadlines (≤36% APR, ≥60 days) which effectively ban the type of app at iss

Apple does allow personal loan apps, but sets limits on interest rates and repayment deadlines (≤36% APR, ≥60 days) which effectively ban the type of app at issue here. Requesting permissions to all of the user's contacts and photos in a loan app wouldn't pass review, either, and the fact that Apple doesn't permit sideloading is an effective block against the "subway flyer" tactic.