Loans have become a necessity for everyone in this day and age. Whether you’re a business owner or an employee, you need loans to perform personal tasks.
However, because these individuals don’t visit the bank or don’t receive a loan from it, they download and become trapped in a variety of loan applications that are available on the Play Store.
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 Tyto Cash 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.
Contents
What is the Tyto Cash Loan App?
Tyto Cash is an international online loan provider, this app was launched in the year 2021 and now it has more than 50k downloads on Play Store but this application is no longer available on Play Store.
According to this application, you may easily receive a loan between ₹5,000 and ₹2 Lakh without many documents.
Friends, please be aware that there are several fees associated with this application.
For example, you will be required to pay a loan approval fee of Rs 339 plus 18% GST, an online security fee of Rs 508 plus 18% GST, and an account management fee of Rs 1780 plus 18% GST.
Tyto Cash App Details
| Application Name | Tyto Cash |
| Who launched | Tyto Cash |
| Loan Amount | ₹5000 rs to ₹2 Lakh |
| Interest Rate [ Apr ] | 36% APR |
| Loan Tenure | 3 Months to 24 Monts |
| Launched Year | 2021 |
| Application size | 10 MB approx |
| Total downloads | 50k Install |
| Rating on Play Store | 2.2 [ Paid ] [ Fake Review ] |
| Real or Fake | Fake & Not Safe |
| Website | No Website |
| NBFC Registered | No |
| RBI Approved | No |
Tyto Cash Loan App Eligibility
Friends, to take a loan from the Tyto Cash application, you will have to follow these eligibility criteria.
| Minimum age | 18 Years |
| Maximum age | 50 years |
| Nationality | Indian |
| Cibil Score | 700+ |
| Bank | Must Active Bank Account |
Tyto Cash Loan Required Documents
You need all of these documents to apply for a loan through the Tyto Cash Loan Application.
- Aadhar Card
- Pan Card
- Selfie
- Email Id
- Address proof
- Mobile Number
- Bank Account Details [ 3 Month ]
Tyto Cash Loan App Scam
Tyto Cash Loan App claims it will provide you with a loan at the lowest interest rate [ 36% ] with fewer documents. It also claims that its repayment period is longer than other applications which is 91 days to 360 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.
Let’s See an Example: Friends, suppose you have taken a loan of ₹ 3000 from a Tyto Cash loan application. Tyto Cash 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 5000 to ₹ 7000, and you will have to pay interest on a ₹ 3000 Loan.
Tyto Cash App Real or Fake
Tyto Cash 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 Tyto Cash 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 the loan application is accepted, company staff or app may ask you for an advance payment; if you decline, they may put ₹2,000 to ₹3,000 into your account without notifying you.
Friends, all these details show that this app is completely fake and a scam. Therefore, you should not take a loan from this application.
Is Tyto Cash App Safe
Friends, according to Tyto Cash Loan App claims that it gives you loans ranging from Rs. 5,000 to Rs. 2 L in just a few minutes with fewer documents like Aadhar cards or PAN cards.
But In reality, Tyto Cash is a fake application because this application is not registered with the NBFC or the RBI also it takes an advance.
When we checked his mail, his mail was found and looked like Profesional but the mail is not working also not found its website.
Additionally, there is no working website, nor is it available on Google Play Store or AppStore. As a result, if you use this application, it may completely scam you.
Because this application is illegal and has the potential to cheat you, so the risk of fraud increases if you download it from any place.
Tyto Cash Loan App Review
Summary
According to me, Tyto Cash is one of the Worst applications I have seen, and you should not install this application because this application is fake or a Scam.
Conclusion
Tyto Cash Loan App Review: Friends, if you have read this post till now then you must have understood that the Tyto Cash 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.
