Friends, as you must be aware, many loan applications have come in the market, but it has become tough to identify which is real and which is fake. One such application runs its ads on Google and Facebook and promises that people to get loans easily.
But the question is whether we should take a loan from this application. Will any incident happen to us after taking the loan? We are going to tell you all these questions in today’s post.
Techy Loan is a trusted platform that gives you well-researched reviews of websites and apps.
In today’s post, we are going to know the Handy Cash Loan App Review, Whether this application is real or not, whether it is okay to take a loan from this app or not, or whether you will get trapped by taking loan in this application.
Contents
What is Handy Cash?
Handy Cash is an online lending platform that promises to give you instant loans and this application has been launched by Luhariwala Finance Pvt. Ltd.
The application claims that it will provide you with instant loans within 5 minutes, but this application is not available on the Play Store which is risky.
According to this application, you may easily obtain a loan between ₹3,000 and ₹50,000 Rupees by just using your smartphone.
Application Claims:-
- Safe
- Reliable
- No Guarantor
- Loan up to 50k
- Low-Interest rate
You can see in the screenshot the claims that it has made in its ads that you can take a loan up to Rs. 50 thousand from this application in just 5 minutes. Is this application giving a loan or is it just setting a trap to Scam you?
| Application Name | Handy Cash |
| Who launched | Luhariwala Finance Pvt. Ltd |
| Loan Amount | 3k to 50K |
| Fees | Not Mention |
| Interest Rate | 25% APR |
| Loan Tenure | 92 to 180 days |
| Launched Year | Aug 8, 2023 |
| Application size | 8.7 MB approx |
| Total downloads | 10M Install |
| Rating | 4.8 [ with 1.2M reviews] Fake |
| Real or Fake | Fake & Not Safe |
| Website | jushizih.site/handycash |
| RBI Approved | Read Full |
Handy Cash Loan App Eligibility
Friends, to take a loan from the Handy Cash 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 |
Handy Cash Customer Care Number
| Care Number | (91) 9392219156 |
| Country | Chinese |
| Founder Name | Not Found |
| Email id | Not Found |
Handy Cash Loan App Real or Fake
Handy Cash is a fake loan application because this application is not available on the Play Store and to trap or scam people it is running ads on Facebook and Google.
This application is a Chinese app, it is not from India, And neither does it have any social media account nor any details about the company details.
Fraud companies are not taking interest on loans their processing fee is too high. Such as for a 5000rs loan they are taking a 2000 rs processing fee. Repayment in 7 days. Fraud one…… never blv on this company
In reality, Handy Cash 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.
Handy Cash Loan App Scam
Friends, if you are trying to take a loan from the Handy Cash application, then two types of scams can happen to you. Once you get trapped in their scam, it will be very difficult to escape.
The first scam will be of advance fee in which you will be asked for a fee before giving the loan amount but no loan will be given to you.
The Second Scam is, 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.
In Reality, 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.
Handy Cash 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.
Handy Cash Loan App Review
Handy Cash Loan App
Summary
Handy Cash is a completely fake and scammy application. Therefore my opinion is that you should not take a loan from this application.
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.
Conclusion
Handy Cash Loan App Review: Friends, if you have read this post till now then you must have understood that the Handy Cash 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.
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