Friends these days, it’s simple for people to apply for loans using their smartphones, however, certain applications on the market might trick and defraud you.
Techy Loan is a trusted platform [ Website ] that gives you well-researched reviews of websites and apps.
In today’s post, I will review the Safe Money Loan Application. If you are also looking for an application that can provide instant loans, then you must have heard the name of Safe Money- Buddy Loans.
Contents
What is Safe Money- Buddy Loans?
Safe Money is a loan application that promises to offer low-interest rates along with quick personal loans without the need physical documentation.
But In reality, Safe Money is a fake application because this application is not registered with the NBFC or the RBI.
Also, 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.
Safe Money App Details
| Application Name | Safe Money- Buddy Loan |
| Who launched | SM Financ Company |
| Loan Amount | ₹3000 rs to ₹1.5 Lakh |
| Interest Rate | 15% Per annum |
| Loan Tenure | 91 days to 765 Days |
| Launched Year | 2022 |
| Application size | 4 MB approx |
| Total downloads | 1 Lakh Install |
| Rating on Play Store | 4.4 [ Paid ] [ Fake Review ] |
| Real or Fake | Fake & Not Safe |
| Website | No Website |
| NBFC Registered | No |
| RBI Approved | No |
Safe Money App Real Or Fake
After Downloading the Safe Money App they ask to enable all options like camera, contact, media, location, email address, and all device information.
Because the Fast Rupee loan is a fake application, it can cheat you and also threaten you.
If you are enabling all these options then you should understand that scams and fraud can happen to you, Because the Safe Money loan is a fake application, it can cheat you and threaten you and also they can use your data to blackmail you.
Safe Money Loan App Review: [ Full Scam ]
Safe Money is a fake app and a scam, it is a completely unsafe application. I have several reasons why this app is fake or a scam. After doing some research I found that this application is not available on Playstore and also has no social media presence.
- User Friendly
- Fewer Storage Usage
- Low Intrest-Rate [ Fake ]
- 4.4 Review on Play Store [ Paid ]
- RBI Approved: No
- NBFC Detail: Not Found
- Registration details: Not Available
- License or certificate: Not Available
- Customer service: Wrost
- Founder Name: Not Available
- Office Address: Not Found
- Social Media Account: No Social Media Account
- Google Play Store and App Store: Now Not Available
Safe Money Loan App Claims
Fast Rupee Loan App claims it will provide you with a loan at the lowest interest rate [ 18% Pa ] with fewer documents. It also claims that its repayment period is longer than other applications which is 91 days to 765 Days.
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.
Best Loan App: Branch Loan App Review
Safe Money Repayment Process
Let’s See an Example: Friends, suppose you have taken a loan of ₹ 3000 from a Safe Money loan application. Safe Money 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 4500 to ₹ 5000, you will have to pay interest on ₹ 3000 Loan.
Safe Money Loan App is safe or not?
Summary
According to me, you should not install this application because this application is fake or a Scam. Now Safe Money is unavailable on the Google Play Store and doesn’t share any information about its developers and owners.
Safe Money Consumer Complaints
Safe Money Loan App Review: Friend, a complaint against the Safe Money app was filed by Anurag on October 24, 2023.
Anurag obtained the loan through the Safe Money application. Although he claims to have paid back the loan, Safe Money employees continue to harass and blackmail him.
They also threaten to send her pornographic pictures to his contact list, which they have done once before.
| Name of Complainant | Anurag |
| Date of Complaint | October 24, 2023 |
| Name(s) of companies complained against | Safe money app |
| Category of complaint | Internet Services |
| Permanent link of complaint | Right click to copy link |
Q: Safe Money Loan App Review
Ans: Safe Money is a fake application. According to some users, they can hack your data and use it to blackmail you.
Q: Safe Money Customer Care Number?
Ans: There is no official number of safe money applications because these applications are fake or a scam.
Q: Is the Safe eMoney loan app safe?
Ans: No, Safe Money is not a safe application because this application is not registered with the NBFC or the RBI.
Conclusion
Safe Money Loan App Review: Friends, if you have read this post till now then you must have understood that the Safe Money 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.
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