Turat Fund Loan App Review- Safe or Not [Fake]

4/5 - (1 vote)

Friends, it seems everyone needs a loan these days, and most people choose to use the loan applications available on the Play Store to obtain a loan.

because obtaining a loan from a bank has become more difficult in modern times, as most people use these applications; however, some of these applications have the potential to cause problems for you.

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 Turat Fund 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 Turat Fund?

Turat Fund, a lending app that easily offers personal loans, was released in 2023 and has since received over a million downloads from the Play Store. and this application was launched by Reliance Commercial Finance Limited.

According to this application, you may easily receive a loan between ₹5,000 and ₹150,000 with low annual percentage rates.

Application Claims

  • SSL Encryption
  • Online Process
  • Registered NBFC
  • Exclusive Distribution
  • Mechanical Analyzation

According to the Turat Fund application, it is claimed that it is an NBFC RBI-approved company. Is it true or not? Let us know further in the article.

Turat Fund App Details

Application NameTurat Fund
Who launchedReliance Commercial Finance Limited
Loan Amount₹5000 rs to ₹1.5 Lakh
Interest Rate [APR ]1% (min) – 32% (max)
Markup fee5% of Loan Amount
Loan Tenure91 days to 365 days
Launched Year2023 [ December ]
Application size6 MB approx
Total downloads1Lkah Install
Rating on Play Store4.0 [ 250 Reviews ]
Real or FakeFake & Not Safe
Websiteturat-fund.com
RBI ApprovedRead Full

How to Apply for Loan in Turat Fund?

Friends, you have to follow the instructions provided by the company to apply for a loan through the Turat Fund Loan Application.

  • You must first download the Turat Fund application from the Play Store.
  • You will then need to register your mobile number or email ID.
  • To finish your KYC, documents must be uploaded.
  • Waiting for your document’s quick review.
  • Within 24 to 48 hours of receiving the loan approval, the money will be deposited into your account.

Turat Fund Loan App Eligibility

Friends, to take a loan from the Turat Fund application, you will have to follow these eligibility criteria.

Minimum age20 Years
Maximum age55 years
NationalityIndian
Cibil Score600 above
BankMust Active Bank Account
Employment Job, Business

Turat Fund Loan Required Documents

You need all of these documents to apply for a loan through the Turat Fund Loan Application.

  • Aadhar Card
  • Pan Card
  • Selfie
  • Email Id
  • Mobile Number
  • Bank Account Details

Turat Fund Loan App Review [ With Proof ]

Turat Fund 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 Turat Fund 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.

Friends, according on our investigation, if you download and register this app, the loan amount will be automatically deposited to your account without your consent. To find out what happens to you after that, continue reading.

Turat Fund Loan App Review

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.

Let’s See an Example: Friends, suppose you have taken a loan of ₹ 5000 from a Turat Fund loan application. Turat Fund claims that it will be charged to you after one month 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 7000 to ₹ 8000, and you will have to pay interest on a ₹ 5000 Loan.

Turat Fund App Real or Fake

Friends, according to the Turat Fund Loan App claims that it gives you loans ranging from Rs. 5,000 to Rs. 1.5 Lakh with fewer documents like Aadhar cards or PAN cards.

But In reality, Turat Fund is a fake application because this application is not registered with the NBFC or the RBI all shown in the app’s description is fake.

Turat Fund Loan App Review
Turat Fund Loan App Review

Additionally, there was a different email in its description and app support when we examined its mail. Additionally, both were made with Outlook and Gmail. Friends, you might have never noticed that the mail of a big company is very professional.

Also, Friends, we came on their website, but nothing helpful has been provided there. They have created a basic webpage that you may create simply by viewing YouTube videos.

Pros & Cons of Turat Fund Loan App

Before applying for a loan in Turat Fund Loan Application, you should know the Pros and Cons given by us.

  • SSL Encryption
  • Online Process
  • Registered NBFC
  • Exclusive Distribution
  • Mechanical Analyzation
  • Simple Loan Process
  • RBI Approved: No
  • High Processing Fees
  • No Customer Support
  • 7-Day Loan App: Yes
  • Registration details: Not Available
  • License or certificate: Not Available
  • Customer service: Wrost
  • Fake Review on Playstore
  • Founder Name: Not Available
  • Office Address: Fake
  • Social Media Account: No Social Media Account

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.

Turat Fund Loan App Review

Sarthak Gupta

Turat Fund Loan App Review
Turat Fund, a lending app that easily offers personal loans, was released in 2023 and has since received over a million downloads from the Play Store. and this application was launched by Reliance Commercial Finance Limited.
Author’s Rating
Reviews
Data Privacy
Customer Support
RBI Approved
Real
Safe

Summary

According to me, Turat Fund is a fake application, it can cheat you and also threaten you and it can use your data to blackmail you this application is 7 Days Loan Application or not registered with the NBFC or the RBI

1
Conclusion

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

7 thoughts on “Turat Fund Loan App Review- Safe or Not [Fake]”

  1. Turat fund is fake app don’t borrow the money they are threatening you be aware 🙏I paid 14000 for receiving 8400 Rupees loan in five days, don’t borrow

    Reply

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