Smart Loan App Review 2024: Complete Review with Proof

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Friends, a loan is now something you can use to start a business and pay for your needs. Instead of obtaining a loan from the bank, consumers apply for loans through the Play Store’s loan application.

Today we will check out one of these applications that is claiming to give you a loan. 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 Smart Loan App Review, Is this application real or not, is it okay to take a loan from this app or not, you will know through this post.

What is Smart Loan: Money Manager?

Friends, the Smart Loan application was launched in 2023 and it claimed that it gives you this emergency loan without your civil score and income proof, which is completely wrong.

According to this application, you may easily receive a loan between ₹5,000 and ₹5,0000 without any salary slip or income proof.

Application Claims

  • Cibil Score Not Necessary
  • No Income Proof Need
  • Fast Loan Approval
  • No Salary Slip Need
  • Low-Interest rate
  • Loan Rang 5k to 50k

Smart Loan App Review: Real or Fake

Smart 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 Smart Loan app through Playstore or Google 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.

Additionally, If loan application is accepted, company staff may ask you for an advance payment; if you decline, they may put ₹2,000 to ₹3,000 into your account without notifying you.

Smart Loan App Scam: [ Revealed ]

Smart Loan App claims it will provide you with a loan at the lowest interest rate [ 18% Pa GST]. It also claims that its repayment period is longer than other applications which is 91 days to 12 Months.

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.

See here how much you pay for 2000 Loan amount

Let’s See an Example: Friends, suppose you have taken a loan of ₹ 2000 from a Smart loan application. Smart Loan claims that it will be charged to you after one month or after 12 months according to your loan period 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 ₹ 4,000 to ₹ 5,000, and you will have to pay interest on ₹ 2000 Loan amount.

Smart Loan App Review: [ Full Scam ]

Smart Loan 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 NameSmart Loan: Money Manager
Who launchedD S Integrated FInsec Pvt. Ltd
Loan Amount₹5k to ₹50k
Interest Rate24% Per annum + Gst [ Fake ]
Loan Tenure92 days to 735 Days
Launched Year2023
Application size11 MB approx
Total downloads10k Install
Rating on Play Store3.2 [ Paid ] [ Fake Review ]
Real or FakeFake
WebsiteNo Website
NBFC RegisteredNo
RBI ApprovedNo
  • Cibil Score Not Necessary
  • No Income Proof Need
  • Fast Loan Approval
  • No Salary Slip Need
  • Low-Interest rate
  • Loan Rang 5k to 50k
  • 18 Year
  • 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.

Smart Loan App Review

Sarthak Gupta

Smart Loan App Review
Smart Loan application was launched in 2023 and it claimed that it gives you this emergency loan without your civil score and income proof, which is completely wrong.
Author’s Rating
RBI Approved


According to me, Smart Loan is one of the Worst applications, and you should not install this application because this application is fake or a Scam.


Is Smart Loan App Safe

Friends, according to Smart Loan App claims that it gives you loans ranging from Rs. 5,000 to Rs. 5,0000in just few minutes with fewer documents like Aadhar Card or PAN Card.

But In reality, Smart Loan is a fake application because this application is not registered with the NBFC or the RBI also it takes an advance.

And when we checked his mail, his mail was found on Gmail. Big companies’ mail is professional but their mail is not professional.

It seems like a Scam because trusted and safe applications do not demand advanced payment, but the Smart Loan application demands advanced payment before granting a Loan.

If you want to take a loan then the Upwards Loan App is best for you because this company is registered by Rbi and or an NBFC company.

Smart Loan App Complaint

Friend, a complaint against the Smart Loan app was filed by Neha Baig on September 16, 2023.

Neha ji is saying that after downloading and filling out a smart loan application from the Play Store, she applied for ₹5000. However, ₹2950 appeared in her account, and now they are threatening to take another ₹2000 from me.

Furthermore, his employee is threatening to send my naked images to my contact list and target me if I don’t pay him ₹5000.

Name of ComplainantNeha Baig
Date of ComplaintSeptember 16, 2023
Name(s) of companies complained againstsmart loan
Category of complaintInternet Services
Permanent link of complaintRight-click to copy the link

Smart Loan App Review: Friends, if you have read this post till now then you must have understood that the Smart 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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