The latest and advanced technologies have made our lives simple and convenient by making the processes quick. However, there is a downside to that as well which has given rise to multiple frauds and scams.
Banking and finance sectors have been provided with these new technologies to offer the users quick loan apps for their convenience and usability. No doubt these quick loan apps are offering the best possible services to the users but there is also a risk of getting into multiple scams and frauds.
It is essential to avoid these scams for your own safety, but the problem often comes with identification of the fraud loan apps. Hence in this blog we are going to discuss some of the major tips that can help you in the process of avoiding these scams and which quick loan apps download are to be avoided.
Avoiding a Financial Scam: Quick Loan App
Often, we need funds in a financial emergency, and we rely on quick loan app download for access to them. However, in this moment we tend to ignore or sideline to check for the authenticity of these apps and fall for a scam.
Such financial scams are not a new topic, we all have heard a lot about such scams and often heard advertisements to avoid downloading any suspicious apps as well. Below are listed some major points that you need to look at to avoid any such scam.
Physical Address
Since every business will have their head office or a physical office, the quick loan app download that you have made must also have a physical office. This address should be available on their website.
RBI Registration
Any quick loan app is required to register with the RBI as RBI is the governing body for all the financial institutions. You can find this RBI registration on the official website in their About Us section.
If you cannot find their RBI registration details, avoid the app and delete it from your device.
User Ratings and Reviews
Whether it is a quick loan app download for android or quick loan app download for iOS, these apps will be available on the respective play store or Apple Store. On these platforms you can find ratings and reviews by previous users which can further offer you better insights about the app.
Additionally, it is essential that you look at the recent reviews and ratings for better clarity. These can also help you in offering you information regarding any glitches in the app.
Personal Data
These quick loan apps are designed to offer quick loan services with a minimum documentation such as FatakPay. If the app that you are downloading is asking you too much of your personal information, then it is advisable to stop using the app and delete the download.
Gathering too much personal data can be a part of a fraud website which can be further used to offer you tempting offers as a fraud strategy. Hence, it is advisable to avoid using such apps.
Secured Website
If the quick loan app that you are using is genuine then its official website is going to be secure which adds to the authenticity of the website and the app as well. However, if the website is not secure, then it is advisable to close the app and delete the download as a measure to avoid any financial scam.
The above listed points are essentials that you need to check before you download any quick loan app for any transaction. Furthermore, below are some quick loan apps that are banned by the government and RBI for fraudulent activities.
RupeeGo
Punch Money
Grand Loan
Lend Now
Cashfull
CashMO
CreditLoan
Infinity Cash App
Kredit Mango App
If you come across any of the above-listed quick loan apps, avoid downloading or offering your information to these apps.
What to Do to Avoid Scams?
Now that you know the essential points that you need to check before any quick loan app download. Here are some points that you need to follow in order to avoid falling for any scams.
Always apply for a quick loan with an RBI-registered lender only
Before processing your loan application read all the terms and conditions carefully
Look for any hidden charges or processing fees
Ensure that the app is asking only required amount of documentation
Furthermore, here are some of the reliable and trustworthy quick loan apps that you can download.
PaySense
FatakPay
KreditBee
Moneyview
CASHe
Navi
Dhani
FatakPay: Quick Loan App Download
Among all the above-listed RBI registered and approved quick loan apps, FatakPay is one of the most trending, reliable and easy to use apps. This app offers you easy, quick and instant online personal loan. With minimum documentation and quick processing time, it offers you easy access to instant funds.
Furthermore, FatakPay is backed by RBI-registered NBFCs quick loan app which makes it safe for your use.
Moreover, the app is designed with a user-friendly interface which makes it easy to use and requires a minimum documentation for offering you a quick personal loan. Here you can also avail yourself of an easy repayment policy with an easy EMI structure to help you maintain financial stability.
Concluding Points
In today’s world technology is playing several roles among which these scams are frauds are also playing a major role. It is important that you follow certain specific rules and regulations to avoid falling for such scams and frauds.
With the above-listed measures you can now identify any scam and fraud quick loan app download and avoid the use. Moving forward, for better instant loan offers download FatakPay today and avail yourself of your quick loan today.
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