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.
I have to read this before am trapped. l applied for 10K it was urgent and they gave 6300 Rs in 10000 Rs. I make them msg to contact customer care after 2 days they call me. and there reply was in 10000 Rs 40% service charge is deducted. I told i want to close it they said open the aap and go to particular section and pay it When I refused they send me UPID to send it here we will update it this is company UPID what they have provided to recover. I did not trust them but there reply was so genuine they know what msgs i have send to there customer care I got Trapped and I paid and Now dont know what to do. I have to pay again or
Now you don’t make any repayment ok bro because it will continue like this SO don’t make any repayment ok
Hi
I too did payment and gave screenshot, person asked me to fill UTR, which I did and when I said payment status not updated in app, person messaged that amount not received in account , stuck for 2-3 days, have to repay again, what do I do ? where do I report ?
Don’t Repay again and report to cyber crime call on 1930
I am also applying loan 5000 credit showing but not credited to my account repayment date showing 01.08.2024 what can I do sir plz help me
As is told that it is fake app then don’t make any repayment
bilkul bi trusted aap ni h chor h 3500 bol ke 2100 dete h or wapis pure dene pdne or inke worker dmki dete h fir thumari sari personal information leak krr denge
bilkul bi trusted aap ni h chor h 3500 bol ke 2100 dete h or wapis pure dene pdne or inke worker dmki dete h fir thumari sari personal information leak krr denge kbi bi esi aap download mt krrna gndi gndi galiya dete h or khud hi acc. me pese dete h baar baar or ye aap bilkul bi certified ni h rbi se
Hi I am Srikant you are totally right about this app.. I am stuck now with wealthsnap I have paid their loan but they keep coming back and claim loan money again and threatning me that they will destroy me 🥺🥺 they have sent obscene messages and photos to all my family and friends yes even I feel I should suicide now after such a Embrasment in front of family and friends. My friends do not take any Loan from this WealthSnap at all they are 100% fake and fraud pls don’t fall into their trap pls pls 🙏🙏
Hey can you tell me what did you do to stop this
Hi can you please tell me what should I do I get apply for loan 1000 because of family urgency but I get 7200 now they’re asking me to pay 12000 they’re blackmailing can you please anyone help me what should I do 🙏😭
Don’t pay them sis
After repayment they say enable auto but even if we pay we don’t get reloan moreover interest rate is 40% and it not even 7 days it 6days
Hai this is Raja
Today I don’t apply the loan I just watch the app ,but they approved two loans ,3800,rs but 2280 only credit in my account, sunndenly,I contact the customer support,the team told ok repay what about u get in account,I also done immediately,but still no updates from that said
Bro what happened?
My husband by mistakenly click on the link and got loan of 3800 and 2200 and 4200 and he paid more then 15 to 17thousanf in 7 days
But today was the date to pay so he was going to manage and pay that money but someone called him ask to pay the money through the UPI which they sent on Wtsap and they also harrased my husband and sent his edited nude pictures and was threatening him that if he does not pay the money through UPI which they have sent them they will sent thode nude pictures to all his contacts
This is completely fraud