Friends, in today’s time, a lot of big scams are going on in the name of giving instant loans. This application is also being advertised on Facebook and Instagram and gives very attractive offers like without any guarantee and without any hidden fees get a instant loan, is this true or not?
Techy Loan is a trusted platform that gives you well-researched reviews of websites and apps.
In today’s post, I will give you a review of the Credigen Loan App Review, Is this application real or not, is it okay to take a loan from this app or not, you will know through this post.
Contents
What is Credigen?
Credigen is an online lending platform that promises to give you instant loans and this application has been launched by PSPR Enterprises Private Limited.
The application claims that it will provide you with instant loans without any guarantor and without charging any hidden fees, but this application is not available on the Play Store which is risky.
According to this application, you may easily obtain a loan between ₹2,000 and ₹40,000 Rupees without any hidden fees.
Application Claims:-
- Safe
- Reliable
- No Guarantor
- Loan up to 40k
- Low-Interest rate
- No Hidden Fees
- Rbi Approved
- NBFC Authorised
You can also see in the screenshot that we have given in our article that it claims that it can easily provide you with an instant personal loan of Rs 20k without any guarantor or any hidden fees.
Friends, the application is also claiming that this application is RBI approved and it also has an NBFC partner. Whether this is true or not, will be known later.
| Application Name | Credigen |
| Who launched | PSPR Enterprises Private Limited |
| Loan Amount | ₹2k to ₹40k |
| Processing Fees | No Hidden Fees |
| Interest Rate | 21.10% [ Daily 0.06% ] |
| Loan Tenure | 92 Days to 180 Days |
| Launched Year | 2023 |
| Application size | 17.5 MB approx |
| Total downloads | 10 Lakh Install [ Fake ] |
| Rating | 4.8 [ Fake ] |
| Real or Fake | Fake & Not Safe |
| Website | credigenlandingpage.top |
| RBI Approved | Read Full |
Credigen Loan App Eligibility
Friends, to take a loan from the Credigen application, you will have to follow these eligibility criteria.
| Minimum age | 18 Years |
| Maximum age | 45 years |
| Nationality | Indian |
| Cibil Score | 600+ |
| Bank | Must Active Bank Account |
| Income | Stable |
Credigen Required Documents
You need all of these documents to apply for a loan through the Credigen Loan Application.
- Aadhar Card
- Pan Card
- Selfie
- Email Id
- Address proof
- Mobile Number
Credigen Customer Care Number
| Care Number | +91 8777406112 |
| Office Address | Hobli, Bengaluru, Karnataka 560103 |
| Founder Name | Not Found |
| Email id | help@credigen.com [Fake] |
Credigen Loan App Real or Fake
Friends, the Credigen Loan App claims that it gives you loans ranging from Rs 2k to Rs 40k in just a few minutes with fewer documents like Aadhar cards or PAN cards.
Friends, when we were researching this, we came across its ads which you can check the name, it came with the name of Patel Heena, and the website has a different name, which means some scam is going on in it.
In reality, Credigen is a fake application because this application is not registered with the NBFC or the RBI, or If you try to take a loan, you can get badly trapped in their Scam.
Credigen Loan App Scam
Friends, if you are thinking of taking a loan from this application, then you can get trapped in their big scam which is very difficult to escape because this application is not available on the Play Store and now it is trapping people by running ads on Facebook and Instagram.
Friends, suppose you download this application and apply for a loan of ₹ 10,000, and your loan gets approved in minutes, then after, a scam starts with you,
The reality is that this application gives you a loan only for 7 days and within these 7 days you have to pay 40% to 50% more interest on this loan which is more than the loan amount.
You will have to repay this loan within 7 days, along with this you will have to pay two to three times more interest, which means ₹15000 to ₹17000, and you will have to pay interest on a ₹10,000 Loan.
Credigen Loan App Harassment
Friends, after the loan is approved and the money is credited to your account if you do not repay your loan within 7 days, then it can trouble you a lot.
For example: they will call your number daily and send you daily messages on WhatsApp and if you refuse to make the payment, they will abuse you and also threaten you if you do not repay the loan.
Along with this, they will call all the numbers in your contact list, abuse them, and ask them to repay the loan.
Also, Your obscene image will be created and sent to your contact list. This will irritate you completely and you may even think of committing suicide.
Read This Suicide Case
Loan apps are forcing people to commit suicide
How to get out of fake Loan Apps?
Friends, you are one of those people who download the loan application form without reading the reviews and then get stuck in it. Read reviews on techyloan.com to avoid using any loan app from now on.
This will assist you in avoiding downloading any fraudulent apps. Let us now know how to stay away from these applications.
- Don’t repay: If you are trapped in such fake loan applications then do not give them money. If you give money once then they will keep charging you money again and again.
- Do Complain: If you are being harassed by these fake loan applications then you can complain to them, it is your right call on 1930
- No Reply: If you are receiving messages and calls from unknown numbers, then do not respond to those calls and messages at all.
- Off Sim: If you want to completely avoid this, then you should switch off your SIM for 7 to 8 days or break the SIM and throw it away, there is no better solution than this.
Credigen Loan App Review
Credigen Loan App
Summary
All these details show that Credigen is a completely fake and scammy application. Therefore my opinion is that you should not take a loan from this application.
Conclusion
Credigen Loan App Review: Friends, if you have read this post till now then you must have understood that the Credigen Loan is a fake application.
Through this app, you can easily take a loan and they also add money to your account without your permission when the time of repayment comes, it can also put you in trouble.
It is up to you whether you want to take a loan from this app or not, but friends, if you liked this post then please share it with your, Friends, please leave a comment if you see any mistakes in the article.
Fainal step problems