Easy Wallet Loan App Review: Easy Wallet is an online loan app and website that claims to offer easy and quick loans at low-interest rates. However, many people are skeptical about the app’s legitimacy and safety. In this article, we will provide a comprehensive review of the Easy Wallet loan app to help you determine whether it is a legitimate platform or a scam.
Table of Contents
|App Name||Easy Wallet|
|Is Easy Wallet App Real or Fake?||Not clear|
|Is Easy Wallet App Safe?||No|
|Reasons to Doubt the App||Online presence not available, lack of licensing/certifications, unclear terms and conditions, no mandatory CIBIL score, bad customer reviews, no information on the founder, no registration details, grievance officer details not available, no active social media accounts|
What is Easy Wallet App?
Easy Wallet is an online loan app that claims to offer instant loans at low-interest rates. The app is available on Google Play Store and has been downloaded by thousands of users. However, the app’s legitimacy and safety have been questioned by many people.
Easy Wallet App Review
After conducting thorough research and analysis, we have found that the Easy Wallet loan app is doubtful and potentially unsafe. The following are the reasons for our doubts:
- Lack of online presence: The Easy Wallet loan app does not have an active website or any social media accounts. This lack of online presence raises doubts about the app’s legitimacy.
- No NBFC company information: The loan application process does not provide any information about the NBFC company that Easy Wallet claims to be affiliated with. This lack of information also raises questions about the app’s authenticity.
- Lack of licensing or certifications: Easy Wallet does not provide any information about the licensing or certifications it has obtained from regulatory bodies. This lack of transparency adds to the app’s doubtful nature.
- Inadequate terms and conditions: The loan app’s terms and conditions are not readily available, which raises doubts about the app’s transparency and legitimacy.
- No mention of CIBIL score: Easy Wallet does not require applicants to have a CIBIL score, which is a crucial factor in determining creditworthiness.
- Poor customer service: The app’s customer service is inadequate, with no proper grievance redressal mechanism available.
- Negative reviews: Many users have reported negative experiences with the Easy Wallet loan app, with complaints about hidden charges and poor customer service.
Based on our analysis, we do not recommend using the Easy Wallet loan app for obtaining loans online. The app’s lack of transparency and questionable legitimacy raises doubts about its safety and reliability. It is advisable to look for other legitimate loan apps and websites that provide transparent and reliable services.
In conclusion, it is crucial to conduct thorough research and analysis before using any online loan app or website. Your financial security and privacy should be your top priority, and you should only use platforms that are transparent, reliable, and legitimate.