Friends, today’s generation prefers to take a loan by looking at the available ads on Google or Facebook instead of going to the bank, but only they know how they get worried after taking the loan.
Today we are going to tell you about one such application whose ad you must have seen on Facebook or Instagram, which claims that it can easily provide you with a loan of ₹ 15000 without income proof and a salary slip.
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 Sweet Money 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 Sweet Money?
Sweet Money is a loan application where you can get instant personal loans very easily and this application has been launched by Naman Finlease Pvt. Ltd. Friends, it had more than 1 lakh downloads on Play Store but Google has now removed it from Play Store.
According to this application, you may easily obtain a loan between ₹3000 and ₹1,00000 Rupees without income proof and a salary slip.
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 15k for 3 Months to 6 months without income proof and a bank statement.
| Application Name | Sweet Money |
| Who launched | Naman Finlease Pvt. Ltd |
| Loan Amount | ₹3k to ₹1 Lakh |
| Processing Fees | 2.5% |
| Interest Rate | 18% |
| Loan Tenure | 91 Days to 365 Days |
| Launched Year | 2023 |
| Application size | 9 MB approx |
| Total downloads | 1 Lakh Install |
| Rating on Play Store | 4.9 [ 1k Review Fake ] |
| Real or Fake | Fake & Not Safe |
| Website | http://sweetmoney.com/ [ Fake ] |
| RBI Approved | Read Full |
Sweet Money Loan App Eligibility
Friends, to take a loan from the Sweet Money 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 |
Sweet Money Required Documents
You need all of these documents to apply for a loan through theSweet Money Loan Application.
- Aadhar Card
- Pan Card
- Selfie
- Email Id
- Address proof
- Mobile Number
Sweet Money Customer Care Number
| Care Number | 8319053360 |
| Office Address | Not Found |
| Founder Name | Not Found |
| Email id | sweetmoney@gmail.com |
How to Apply for a Loan in Sweet Money
Friends, you have to follow the instructions provided by us to apply for a loan through the Sweet Money Loan Application.
- First of all, you have to install this app from their Website.
- After this, you have to log in to this application with your number.
- To take a loan from the application, you have to fill in your details in it.
- After filling in your details, you have to submit your documents for KYC.
- Once your loan application is approved, the personal loan amount will be transferred to your bank account.
But friends, there is nothing like that because this application is not available on the Play Store Along with this, by running its ad it makes people download the app from its website.
If you borrow money through this app, a massive scam will befall you. If you fall into this trap, it will be quite difficult to escape.
Sweet Money Loan App Review
Sweet Money is a fake application because this application is not registered with the NBFC or the RBI also gets you in trouble.
After Downloading the Sweet Money 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.
Additionally, there is no working website, nor is it available on Google Play Store or AppStore. As a result, if you use this application, it may completely scam you.
Sweet Money App Scam
Friends, suppose, like me, you too must have seen the ad for this application on Facebook or Instagram which claims that it can easily provide you with a loan of Rs 15k without income proof and a bank statement.
And whose loan tenure is from 3 months to 6 months and its interest rate is 18% as you saw.
Friends, suppose you download this application and apply for a loan of ₹ 10,000, and your loan gets approved, then after that, 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.
Sweet Money 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 that 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: Here is the Link [ Case ]
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.
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.
Sweet Money Loan App
Summary
All these details show that Sweet Money is a completely fake and scammy application. Therefore my opinion is that you should not take a loan from this application.
Conclusion
Sweet Money Loan App Review: Friends, if you have read this post till now then you must have understood that the Sweet Money 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.
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