⭐ AA Kredit Loan App Review: Is it Real or Fake?

AA Kredit is an instant loan app that promises fast and paperless loans with no additional fees and stress-free repayment from anywhere at any time. However, is this loan app safe and legitimate? In this article, we will provide a comprehensive AA Kredit loan app review based on its features, eligibility, advantages, disadvantages, customer reviews, and legitimacy.

AA Kredit Loan App	Review
Loan Amount	Min Rs 5,000 & Max Rs 2.5 lacs
Loan Term	91 days –360 days
Annual Percentage Rate (APR)	10% to 24%
Service Charge	Not disclosed
Eligibility	Must be a resident of India, at least 18 years old, possess a PAN and an Aadhaar card, and have an active bank account
Application Process	Download the app, register with your mobile number, enter personal information and upload documents for eligibility check, submit an application, and funds will be credited following approval
Customer Support	Email id for support: contact@aakredit.in. No customer service number is available
Advantages	Describes loans on the app very well, email addresses are available for contact or inquiries, loans are typically approved for a period of seven days, and the address is available
Disadvantages	High-interest rates, poor customer service response, no official website, no details about the owner, no social media presence, majority of reviews are negative, 5-star reviews appear to be scripted and promotional
Real or Fake	The app does not deliver on its promises, which is risky due to the extensive permissions required such as storage, contacts, SMS, location, phone, and camera, processing fees may be requested in advance of the loan, and some claim their applications are rejected for no reason or remain pending, loan amount may differ from what was specified in the loan application, high-interest charges, poor customer service response, and fake reviews

AA Kredit Instant Loan App

The AA Kredit loan app is a digital lending platform that provides borrowers with loans ranging from Rs 5,000 to Rs 2.5 lacs for a loan term of 91 to 360 days with an APR of 10 to 24%. The loan approval process is fast and paperless, and borrowers can apply for a loan using their mobile phones. The app is provided by Pawan Finvest Private Limited, which is licensed by the Reserve Bank of India (RBI).

AA Kredit Loan App Eligibility

To be eligible for a loan from the AA Kredit instant loan app, you must meet the following requirements:

1. You must be a resident of India.
2. You must be at least 18 years old.
3. Possess a PAN and an Aadhaar card.
4. An active bank account is required.

How To Get a Loan From AA Kredit Instant Loan App?

The following steps are required to apply for a loan from the AA Kredit instant loan app:

1. Download and install the AA Kredit loan app from the Google Play Store.
2. Sign in with your mobile number to register.
3. Enter your personal information and upload documents to check your eligibility.
4. Submit your application.
5. Funds will be credited following approval.

AA Kredit Loan App Customer Care Number

The customer care email id for AA Kredit loan app support is contact@aakredit.in, and their address is 5/5761, Gali No. 2, Dev Nagar, Karol Bagh, New Delhi 110005.

AA Kredit Loan App Advantages

The AA Kredit loan app describes the loan on the app very well, and email addresses are available for contact or inquiries. Positive feedback can be found, and loans are typically approved for a period of seven days. The app has a 4.4-star rating until March 19, 2023, and an address is available.

AA Kredit Loan App Disadvantages

The interest rates on loans from AA Kredit are excessively high, and the ID provided a poor response. There is no customer service number, and loans are sometimes denied for no apparent reason. There is no official website, and there are no details about the owner. There is no social media presence, and the majority of the reviews are negative. 5-star reviews appear to be scripted and promotional.

AA Kredit Loan App Customer Reviews

To date, only 5-star reviews are positive, while the rest are negative. The majority of the feedback has been negative, with borrowers reporting the same issue of a short-term loan with high-interest rates. The majority of its customers are dissatisfied with its loan.

AA Kredit Loan App Real or Fake

The AA Kredit loan app does not deliver on its promises and is risky because it requires extensive permissions such as storage, contacts, SMS, location, phone, and camera. If your loan is approved, you will usually be given a 7-day loan with a high-interest rate, and if you do not pay, you will be in big trouble and even worse will happen.

AA Kredit Loan App – Main Issues

In this section, we will delve deeper into the main issues with the AA Kredit Loan App that have been reported by customers.

1. Data Permissions: The app requests extensive permissions, such as storage, contacts, SMS, location, phone, and camera. By granting these permissions, users are putting their data at risk.
2. Processing Fees: The app requests processing fees in advance of the loan. If users do not pay, their loan application will not be approved.
3. Data Collecting App: Sometimes, loan applications are rejected for no apparent reason or remain pending and under review. This behavior is suspicious and suggests that the app may be collecting data without users’ knowledge or consent.
4. Unreasonable High-Interest Charges: Borrowers frequently receive loans in their accounts without information. Even if users do not apply, their loan applications are approved automatically. The loan amount is often different from what was specified in the loan application, and the loan carries a high-interest rate. Borrowers may be asked to repay nearly twice as much as the original loan amount.
5. Poor Customer Support: Customers have reported poor customer service from the app’s support team. Their response is often unsatisfactory, and borrowers are left feeling frustrated and helpless.
6. Fake Reviews: Positive feedback about the app appears to be fake, promotional, and paid for. Many customers claim they did not receive a loan from the app, and their applications are still under review.

Conclusion

In conclusion, the AA Kredit Loan App appears to be a risky and suspicious app. Users should avoid downloading this app and granting excessive permissions to protect their data. The app’s behavior, such as charging high-interest rates and processing fees, automatically approving loans, and poor customer service, raises many red flags. If you are looking for a reliable loan app, it is best to explore other options.