In this post, we will thoroughly review the online loan app and website called Legend Rupee App, and determine whether it is a legitimate service or a potential scam. If you have questions about Legend Rupee App, such as its authenticity, safety, and how it works, keep reading to find all the answers you need. Your valuable feedback and experiences can also help others make informed decisions.
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What is Legend Rupee App?
Legend Rupee App is a loan application that claims to provide easy loans at very low interest rates. However, we need to explore further to establish its credibility and authenticity.
Is Legend Rupee App Real or Fake?
Status: Doubtful Category: Finance Developer: Unknown Contact: email@example.com
At present, there are several reasons that cast doubt on the legitimacy of the Legend Rupee App:
- Online Presence Not Available: A genuine loan app should always have an online presence with a user-friendly interface for loan applications.
- Loan Application NBFC Company Tie-Up Information Not Available: Lack of information regarding tie-ups with credible Non-Banking Financial Companies (NBFCs) raises concerns about the app’s authenticity.
- Lack of Licensing or Certifications: Genuine loan apps typically display relevant licensing and certifications to establish their trustworthiness.
- Proper Terms and Conditions Not Available: The absence of comprehensive terms and conditions makes it difficult to ascertain the app’s policies.
- CIBIL Score Not Mandatory: Reputable loan apps usually require users to provide their CIBIL score as part of the verification process.
- Poor Customer Care Service: Reports of unsatisfactory customer service can be a red flag for potential users.
- Negative Reviews: Numerous negative reviews from users suggest possible issues with the app’s services.
- No Information about the Founder: The lack of information about the founder or the company’s team may raise suspicion.
- Registration Details Not Found: Legitimate loan apps should have their registration details publicly available.
- Grievance Officer Address and Name Not Available: As per RBI guidelines, loan apps should mention the details of a Grievance Officer, which is missing in this case.
- No Active Social Media Accounts: The absence of active social media accounts can make it challenging to verify the app’s authenticity.
Considering the above factors, it is currently not advisable to use Legend Rupee App for online loan applications.