Cool Rupee Loan App Review: Hello friends, welcome to our website Techyloan, in today’s post we will talk about an application that provides you with various types of loans, but the question is whether this app is real or not.
Cool Rupee is a fake application because this application is not registered with the NBFC or the RBI.
It gives you a loan only for 7 days which is very short and you have to pay a very high interest rate on it, so do not take a loan from this application.
Friends, if you have to take a loan then you can try the Stashfin Loan App, it is a perfect application.
Contents
Cool Rupee Loan App Real Or Fake [ Full Detail ]
Cool Rupee loan is a fake application, it can cheat you and also threaten you. I am not saying this just like that, I have proof I will show you in this post.
After Downloading the Cool Rupee App through Playstore or Google they ask to enable all options like Camera, Contact, Media, Location, All Email address, and device information.
If you are enabling all these options then you should understand that scams and fraud can happen to you, they can use your data to blackmail you.
Cool Rupee Loan App claims it will provide you with a loan at the lowest interest rate [ 25%Pa + GST] with Process Fess. It also claims that its repayment period is longer than other applications which is 92 days to 735 Days.
But 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.
Cool Rupee Loan Repayment Process
Let’s See an Example: Friends, suppose you have taken a loan of ₹ 2000 from a Cool Rupee loan application. Cool Rupee claims that it will be charged to you after one month or after 3 months But in Reality,
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 ₹3000 to ₹ 4000, and you will have to pay interest on ₹ 2000 Loan.
Read Also: Legend Rupee Loan App Review India
Cool Rupee Loan App Review: [ Full Scam ]
Cool Rupee is a fake app and a scam, it is a completely unsafe application. I have several reasons why this app is fake or a scam.
After doing some research I found that this application is not available on Playstore and also has no Social media presence.
| Application Name | Cool Rupee |
| Who launched | D O S Lease & Finance Pvt. Ltd |
| Loan Amount | ₹k to ₹3 Lakh |
| Interest Rate | 18% Per annum + Gst [ Fake ] |
| Loan Tenure | 100 days to 365 Days |
| Launched Year | 2022 |
| Application size | 10 MB approx |
| Total downloads | 70k Install |
| Rating on Play Store | 4.8 [ Paid ] [ Fake Review ] |
| Real or Fake | Fake |
| Website | No Website |
| NBFC Registered | No |
| RBI Approved | No |
- RBI Approved: No
- NBFC Detail: Not Found
- Registration details: Not Available
- License or certificate: Not Available
- Privacy policy: Not fully Clear
- Customer service: Wrost
- Play Store Review: Bad
- Founder Name: Not Available
- Office Address: Not Found
- CIBIL score: Not Mandatory [ Doubt full ]
- Social Media Account: No Social Media Account
- Google Play Store and App Store: Now Not Available
Friends, all these details show that this app is completely fake and a scam. Therefore my opinion is that you should not take a loan from this application.
Conclusion
Cool Rupee Loan App Review: Friends, if you have read this post till now then you must have understood that the Cool Rupee Loan App 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.
Loan