Micro 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.
Swift Rupee is a fake application because such an application is not registered with the NBFC or the RBI. And 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.
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Micro Rupee Loan Real or Fake [ Full Review ]
Friends, the Micro Rupee application was launched in the year 2022 and it claimed that it gives you this emergency loan without your civil score and income proof, which is completely wrong.
Because the Micro Rupee loan is a fake application, it can cheat you and also blackmail you. I am not saying this just like that, I have proof I will show you in this post.
Micro Rupee Loan App claims that it will provide you loan at the lowest interest rate [ 35% Pa ]. It also claims that its repayment period is longer than other applications.
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 ₹ 2000 from a Micro Rupee loan application. Micro 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 3500 to ₹ 4000, you will have to pay interest on ₹ 2000 Loan.
Read More: Swift Rupee Loan App Review: Is Real or Fake
Basic Detail: Micro Rupee Loan App
- Micro Rupee loan Amount: You can take loans from ₹ 3k to ₹ 3 lakh but the truth is something else, you can only get loans up to ₹ 10,000 or below.
- Micro Rupee App Loan Tenure: It gives you loans from 91 days to 120 days but it is not so, it gives you a loan only for 7 days.
- Micro Rupee Loan Apr: In the Micro Rupee Loan application, you are charged 35% interest [ PA ] which is completely wrong, this application charges you 40 to 50% in a week.
- Micro Rupee App Download: Friends, it has 10k downloads on Play Store which have come by running ads on Google and Facebook.
- Micro Rupee Loan App Rating: Friends, only this application has received a 4.3-star rating out of 3500 reviews, and it has been purchased.
| Application Name | Micro Rupee Loan |
| Who launched | S V Creditline Limited |
| Personal Loan | ₹3k to ₹3Lakh |
| Interest Rate | 35% Per annum [ Fake ] |
| Loan Tenure | 3 to 12 months |
| Launched Year | 2022 |
| Application size | 9 MB approx |
| Total downloads | 10k Install |
| Rating on Play Store | 4.3 [ Paid ] [ Fake Review ] |
| Real or Fake | Read Full Article |
| Website | No Website |
| NBFC Registered | No |
Micro Rupee Loan App Review Complaints
Micro Rupee Loan App Review: Friend, a complaint against the Micro Rupee app was filed by Rakesh Sahani on March 30, 2023. Rakesh ji claims that he has never applied for a loan through a Micro Rupee application, but he keeps asking me for interest on the loan amount for which I have never applied.
Additionally, they threatened to create an offensive photo of me and send it to my contact if I didn’t make this payment.
| Name of Complainant | Rakesh sahani |
| Date of Complaint | March 30, 2023 |
| Name(s) of companies complained against | micro rupee |
| Category of complaint | Cyber Crime |
| Permanent link of complaint | Right click to copy link |
Complaint 2
Micro Rupee Loan App Review: Friends, we are going to tell you another complaint against the Micro Rupee application. This Complaint was filed by Naveen on March 15, 2023.
According to Naveen ji, he had downloaded the micro rupee loan application from the Play Store. However, he never applied for a loan; Instead, he deposited ₹3,500 into my account without my permission.
And after seven days, they started asking me for interest, which was quite high – between thirty to forty percent. I called the Micro Rupee representative and refunded the loan, but the agent did not answer my call.
| Name of Complainant | Naveen |
| Date of Complaint | March 15, 2023 |
| Name(s) of companies complained against | micro rupee |
| Category of complaint | Cyber Crime |
| Permanent link of complaint | Right click to copy link |
How to get out of their trap
Conclusion
Micro Rupee Loan App Review: Friends, if you have read this post till now then you must have understood that the Micro 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.
