Friends, are you among those who see loan ads on Facebook and Instagram, download the application, and get stuck with the loan scam? Now there is no need to panic, we will also tell you how to escape.
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 Nahaa Money 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 Nahaa Money?
Nahaa Money stands out as a free online personal loan app in India. Once approved, the funds are directly credited to your bank account. This application was launched by Kai Fincap Limited, and now they have more than 50K downloads on the Play Store.
According to this application, you may easily obtain a loan between ₹7,000 and ₹1 Lakh Rupees with Zero hidden fees.
Application Claims:
- Straightforward criteria
- Immediate bank account transfers
- Entirely online loan procedure
- Eligibility evaluation for personal loans
- Capped 35% annual percentage rate
- Zero hidden fees
- No pre-closure charges
- Assured data security
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 emergency instant personal loan of Rs 80k to ₹ 1lakh with zero hidden fees.
Wealth Snap App Details
| Application Name | Nahaa Money |
| Who launched | KAI FINCAP LIMITED |
| Loan Amount | ₹7k to ₹ 1 Lakh |
| Interest Rate | 1% to 35% |
| Loan Tenure | 91 days up to a year |
| Launched Year | Jan 30, 2024 |
| Application size | 7 MB approx |
| Total downloads | 50K Install |
| Rating on Play Store | 4.5 [ 1.33 k Reviews ] |
| Real or Fake | Fake & Not Safe |
| Website | nahaaoffice.com |
| is it RBI Approved | Read Full |
Nahaa Money Loan App Eligibility
Friends, to take a loan from the Nahaa Money application, you will have to follow these eligibility criteria.
| Minimum age | 18 Years |
| Maximum age | 50 years |
| Nationality | Indian |
| Cibil Score | 600+ |
| Bank | Must Active Bank Account |
| Income | Consistent monthly income |
Nahaa Money Required Documents
You need all of these documents to apply for a loan through the Nahaa Money Loan Application.
- Aadhar Card
- Pan Card
- Selfie
- Email Id
- Address proof
- Mobile Number
- Bank Account Details [ 3 Month ]
Nahaa Money Customer Care Number
| Care Number | +91 6372409621 |
| Office Address | More Kothi Gangapur Bareilly Uttar Pradesh 243005 |
| Founder Name | Not Found |
| Email id | kaifincaplimted@gmail.com |
How to Apply for a Loan in Nahaa Money
Friends, you have to follow the instructions provided by us in order to apply for a loan through the Nahaa Money Loan Application.
- First of all, you have to install this app from the Google Play Store.
- 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 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.
This is a fake app. No one should take it. There is double interest for 7 days. People are also fake in this when the first loan was closed, the loan account was credited without applying. I have filed a case in the police station and cyber. There was already a case against them. The police have told me not to repay the loan I got without applying
Nahaa Money Loan 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 80k without any hidden fees.
And whose loan tenure is from 3 months to 12 months and its annual percentage rate is 5% as you saw in the screenshot.
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.
Nahaa Money Loan App Real or Fake
Friends, the Nahaa Money Loan App claims that it gives you loans ranging from Rs 80k to Rs. 1 Lakh in just a few minutes with fewer documents like Aadhar cards or PAN cards.
when we checked its website, it had a simple website built on WordPress and its email was built on Gmail, which did not look professional at all.
But In reality, Nahaa Money is a fake application because this application is not registered with the NBFC or the RBI also gets you in trouble.
Nahaa 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 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 ]
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.
Nahaa Money Loan App Review
Nahaa Money Loan App
Summary
All these details show that Nahaa Money is a completely fake and scammy application. Therefore my opinion is that you should not take a loan from this application.
Conclusion
Nahaa Money Loan App Review: Friends, if you have read this post till now then you must have understood that the Nahaa 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.
I took a loan in this
And I paid the loan now continuously call coming and troubling me lot