Friends, do you also need such an application that claims to give you a loan of up to Rs 1 lakh easily in a few minutes, and that too at low interest?
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 Easy 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 Easy Loan- Safe Loan?
Friends, Easy Loan is a lending platform that was launched in 2022 and it claims that it gives you emergency loans, without advanced fees and also claims it is a secure and safe platform.
According to this application, you may easily receive a loan between ₹5,000 and ₹50k Rupees with flexible repayment.
Easy Loan App Details
| Application Name | Easy Loan- Safe Loan |
| Who launched | RPN Fintralease & Security Private limited |
| Loan Amount | ₹5,000 rs to ₹50k |
| Interest Rate [APR ] | 18.25% |
| Loan Tenure | 91 days to 365 days |
| Launched Year | 2022 |
| Application size | 5 MB approx |
| Total downloads | 1 Lakh Install |
| Rating on Play Store | 4.7 [ 3k Reviews ] |
| Real or Fake | Fake & Not Safe |
| Website | No Website |
| RBI Approved | Read Full |
Easy Loan App Scam
Easy Loan App claims it will provide you with a loan at the lowest interest rate [ 24% ] with fewer documents. It also claims that its repayment period is longer than other applications which are 91 days to 12 months.
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.
Let’s See an Example: Friends, suppose you have taken a loan of ₹ 3000 from an Easy Loan application. Easy Loan claims that it will be charged to you after one month according to your loan period 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 5000 to ₹ 7000, and you will have to pay interest on a ₹ 3000 Loan.
Easy Loan App Real or Fake
Easy 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 Easy Loan 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.
Friends, according to our investigation, if you download and register this app, the loan amount will be automatically deposited to your account without your consent. To find out what happens to you after that, continue reading.
Easy Loan is a fake application because this application is not registered with the NBFC or the RBI all shown in the app’s description is fake.
Friends, all these details show that Easy Loan 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.
Conclusion
Easy Loan App Review: Friends, if you have read this post till now then you must have understood that the Easy Loan 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.
