Friends, you must have seen the ad for this application on Facebook or Instagram, claiming to give you an easy loan of ₹ 30000.
But should you take a loan from this application or not? Can we trust this application or not? Is this application secure or not? It is very important to know about this app.
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 Wealth Snap 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 Wealth Snap- Help Credit Score?
Friends, this application is quite smart because to get rid of the regulation of Google, it calls itself a credit score checking application.
Friends, WealthSnap is a lending platform launched on 19 Dec, 2023 and now it has more than 1 Lakh downloads on Play Store.
To avoid Google’s policy, this application has not mentioned in the Play Store or anywhere that it is providing you a loan but you must have seen its loan ad on Facebook or Instagram.
You can also see in the screenshot that we have given in our article that it claims that it can easily provide you with an instant personal loan of Rs 20 to ₹ 30000.
Wealth Snap App Details
| Application Name | WealthSnap-Help Credit Score? |
| Who launched | CREDITSMARSHAL LLP |
| Loan Amount | ₹20k to ₹30 k |
| Interest Rat | 0.05% |
| Loan Tenure | 3 Month to 12 Month |
| Launched Year | 19 dec, 2023 |
| Application size | 5.09 MB approx |
| Total downloads | 1 Lakh Install |
| Rating on Play Store | 4.6 [ 12k Reviews ] |
| Real or Fake | Fake & Not Safe |
| Website | wealthsnaplmt.com |
| RBI Approved | Read Full |
Wealth Snap App Eligibility
Friends, to take a loan from the Wealth Snap application, you will have to follow these eligibility criteria.
| Minimum age | 20 Years |
| Maximum age | 55 years |
| Nationality | Indian |
| Cibil Score | 500+ |
| Bank | Must Active Bank Account |
| Income | Stable |
Wealth Snap Required Documents
You need all of these documents to apply for a loan through the Wealth Snap Loan Application.
- Aadhar Card
- Pan Card
- Selfie
- Email Id
- Address proof
- Mobile Number
- Bank Account Details [ 3 Month ]
Wealth Snap App Scam
Friends, suppose, like me, you too must have seen the ad for this application on Facebook or Instagram which claims that it can easily provide you with a loan of Rs 20 to ₹ 30000 at a low interest rate.
And whose loan tenure is from 3 months to 12 months and its interest rate is 0.05 as you saw in the screenshot.
Friends, suppose you download this application and apply for a loan of ₹ 10,000, and your loan gets approved, then after that, a scam starts with you,
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.
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 15000 to ₹ 17000, and you will have to pay interest on a ₹ 10,000 Loan.]
Wealth Snap App Harassment
Friends, after the loan is approved and the money is credited to your account if you do not repay your loan within 7 days, then it can trouble you a lot.
For example, they will call your number daily and send you daily messages on WhatsApp and if you refuse to make the payment, they will abuse you and also threaten you that if you do not repay the loan,
Your obscene image will be created and sent to your contact list. This will irritate you completely and you may even think of committing suicide.
Is the Wealth Snap App Safe
Friends, Wealth Snap Loan App claims that it gives you loans ranging from Rs. 20k to Rs. 30k in just a few minutes with fewer documents like Aadhar cards or PAN cards.
But In reality, WealthSnap is a fake application because this application is not registered with the NBFC or the RBI also gets you in trouble.
How to get out of fake Loan Apps?
Friends, you are one of those people who download the loan application form without reading the reviews and then get stuck in it. Read reviews on techyloan.com to avoid using any loan app from now on.
This will assist you in avoiding downloading any fraudulent apps. Let us now know how to stay away from these applications.
- Don’t repay: If you are trapped in such fake loan applications then do not give them money. If you give money once then they will keep charging you money again and again.
- Do Complain: If you are being harassed by these fake loan applications then you can complain to them, it is your right.
- No Reply: If you are receiving messages and calls from unknown numbers, then do not respond to those calls and messages at all.
Off Sim: If you want to completely avoid this, then you should switch off your SIM for 7 to 8 days or break the SIM and throw it away, there is no better solution than this.
WealthSnap-Help Credit Score Review
Summary
All these details show that Wealth Snap is a completely fake and scammy application. Therefore my opinion is that you should not take a loan from this application.
Conclusion
Wealth Snap Loan App Review: Friends, if you have read this post till now then you must have understood that the Wealth Snap 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.
