Shiny 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.
Shiny Rupee is a fake application because this application is not registered with the NBFC or the RBI.
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.
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Shiny Rupee Loan App Real Or Fake [ Full Review ]
Friends, the Shiny 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 Shiny Rupee 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 Shiny Rupee App 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.
Shiny Rupee Loan App claims it will provide you with a loan at the lowest interest rate [ 30% Pa ]. It also claims that its repayment period is longer than other applications which is 90 days to 365 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.
Shiny Rupee Loan Repayment
Let’s See an Example: Friends, suppose you have taken a loan of ₹ 2000 from a Shiny Rupee loan application. Shiny 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.
Shiny Rupee Loan App Review: [ Full Scam ]
Shiny Rupee 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.
| Application Name | Shiny Rupee |
| Who launched | RHIN of Inance Private Limited |
| Personal Loan | ₹1k to ₹50K |
| Interest Rate | 30% Per annum [ Fake ] |
| Loan Tenure | 90 days to 365 days |
| Launched Year | 2022 |
| Application size | 5.8 MB approx |
| Total downloads | 5k Install |
| Rating on Play Store | 4.8 [ Paid ] [ Fake Review ] |
| Real or Fake | Read Full Article |
| Website | http://shinyrupee.com/ [ Not Working ] |
| NBFC Registered | No |
| RBI Approved | No |
- RBI Approved: No
- NBFC Detail: Not Found
- Registration details: Not Available
- License or certificate: Not Available
- Privacy policy: Not fully Clear
- Customer service: Wrost
- Play Store Review: Bad
- Founder Name: Not Available
- Office Address: Not Found
- CIBIL score: Not Mandatory [ Doubt full ]
- Social Media Account: No Social Media Account
- Google Play Store and App Store: Now Not Available
Friends, all these details show that this app is completely fake and a scam. Therefore my opinion is that you should not take a loan from this application.
Shiny Rupee loan app review complaints
Shiny Rupee Loan App Review: Friend, a complaint against the Shiny Rupee app was filed by Sayani Moitra on March 12, 2023.
Sayani says that she had taken a loan from the Shiny Rupee app and had also repaid her loan, but still, the employees of Shiny Rupee are abusing her on calls and threatening her through WhatsApp messages.
| Name of Complainant | Sayani Moitra |
| Date of Complaint | March 12, 2023 |
| Name(s) of companies complained against | Shiny rupee |
| Category of complaint | Internet Services |
| Permanent link of complaint | Right click to copy link |
Complaint 2
Shiny Rupee Loan App Review: Friends, we are going to tell you another complaint against the Shiny Rupee application. This Complaint was filed by Chandan Kumar Singh on October 22, 2022.
According to Chandan Kumar ji, he borrowed money from the Shiny Rupee application for 91 and 180 days, but they only put ₹3100 into his account, demanded a 1900 service charge, and demanded him to pay back the loan in seven days.
| Name of Complainant | Chandan Kumar Singh |
| Date of Complaint | October 22, 2022 |
| Name(s) of companies complained against | Shiny rupee |
| Category of complaint | Internet Services |
| Permanent link of complaint | Right click to copy link |
Conclusion
Shiny Rupee Loan App Review: Friends, if you have read this post till now then you must have understood that the Shiny 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.
