Individuals these days spend more time on social media and search for loan applications that will offer them rapid loans without any additional costs or hidden charges. In this process, people download fake applications through ads and get badly trapped in their Scams.
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 Money Plus Loan App, 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 Money Plus?
Money Plus – Track your financial activities via SMS, helping you understand and optimize your financial status. But this application is very clever because to avoid the policy of Google Play Store, it is calling itself a financial tracker app.
This application is so smart that it has not mentioned anywhere on the Google Play Store that it is giving you a loan. According to our research, you may easily obtain a loan between ₹50,000 and ₹ 2 Lakh Rupees without any Hidden Fees or by just using your smartphone.
You can see in the screenshot the claims that it has made in its ad that you can take a loan up to Rs. 2 lakh from this application without paying hidden fees. Is this application really giving a loan or is it just setting a trap to Scam you?
| Application Name | Money Plus |
| Who launched | Money Plus private limited |
| Loan Amount | Money Plus Private Limited |
| Fees | No, Disclose |
| Interest Rate | 1% to 18% APR |
| Loan Tenure | 92 to 365 days |
| Launched Year | Dec 19, 2023 |
| Application size | 21 MB approx |
| Total downloads | 1 Lakh Install |
| Rating | 4.5 [Paid] |
| Real or Fake | Fake & Not Safe |
| Website | money-plus-app.in |
| RBI Approved | Read Full |
Money Plus Loan App Eligibility
Friends, to take a loan from the Money Plus 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 |
Money Plus Required Documents
You need all of these documents to apply for a loan through the Money Plus Loan Application.
- Aadhar Card
- Pan Card
- Selfie
- Email Id
- Address proof
- Mobile Number
Money Plus Customer Care Number
| Care Number | Not Found |
| Office Address | Bangladesh |
| Founder Name | TAHIM MUNTASIM |
| Email id | tahimmuntasim908@gmail.com |
Money Plus Loan App Real or Fake
Money Plus is a fake loan application because it has not mentioned anywhere that it is giving you a loan also you must have seen its ads where the loan is being provided.
This application is a Bangladeshi app, it is not from India, And neither does it have any social media account nor any details about its founder.
In reality, Money Plus 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.
Money Plus Loan App Scam
Friends, if you are trying to take a loan from the Money Plus 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.
Money Plus 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.
Money Plus Loan App Review
Money Plus Loan App
Summary
Money Plus 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
Money Plus Loan App Review: Friends, if you have read this post till now then you must have understood that the Money Plus Loan 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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