In today’s post, we will provide a comprehensive review of an online loan app and website called Quick Loan App. Many people have questions about this app, such as its legitimacy, safety, and how it works. We aim to address these concerns and provide an honest assessment of the Quick Loan App. After reading this article, we encourage you to share your own experiences and feedback to help others make informed decisions.
What Is Quick Loan App?
You may have heard about a loan app called Quick Loan App that claims to offer loans easily and at very low interest rates. However, our analysis focuses on whether Quick Loan App is a legitimate or fake loan app, rather than discussing its qualities.
Quick Loan App Review
Here are some key details about Quick Loan App:
- App Name: QuickLoan
- Category: Finance
- Developer: Wahyulianto Fuadin
- Contact: firstname.lastname@example.org
Is Quick Loan App Real or Fake?
Quick Loan App is not a real app. There are several reasons to support this conclusion:
- Ask for fees for loan disbursement: Legitimate loan apps typically do not charge fees for loan disbursement. The request for fees is often a red flag indicating fraudulent intent.
- Online presence not available: Genuine loan apps are usually available online with user-friendly interfaces for easy and quick loan applications. Quick Loan App lacks this online presence.
- Lack of loan application company information: Legit loan apps provide comprehensive information about the company behind the app. Quick Loan App fails to provide such information.
- Lack of licensing or certifications: Authentic loan apps obtain proper licenses and certifications to operate legally. Quick Loan App does not possess these credentials.
- Absence of proper terms and conditions: Legitimate loan apps have clearly defined terms and conditions that borrowers can review. Quick Loan App lacks this crucial information.
- CIBIL Score is not mandatory: Reputable loan apps often require a credit score check to assess the borrower’s creditworthiness. Quick Loan App does not have this requirement, raising doubts about its legitimacy.
- Poor customer care service: Genuine loan apps prioritize customer service and provide prompt assistance. Quick Loan App’s customer care service has received numerous complaints and is considered inadequate.
- Bad reviews: Quick Loan App has garnered negative reviews from users, further indicating its dubious nature.
- Poorly created App: The app’s quality and user experience are subpar, suggesting a lack of professionalism and attention to detail.
- No information of the founder: Legitimate loan apps disclose information about their founders or the team behind the app. Quick Loan App does not provide any details about its founder.
- Registration details not found: Authentic loan apps are registered with the appropriate regulatory bodies. Quick Loan App’s registration details are nonexistent.
- No complete work details: Genuine loan apps provide comprehensive information about their operations and lending processes. Quick Loan App lacks these essential work details.
- No active social media accounts: Legit loan apps maintain active social media accounts to engage with users and provide updates. Quick Loan App does not have an active social media presence.
Fraudulent Practices and Misuse of Customer Data
Due to fraudulent loan applications and unregistered Chinese lenders, many customers have reported misuse of their data by the lender companies. These lenders have resorted to physical and mental harassment when borrowers fail to repay the loan amount on time, which is in direct violation of the guidelines set by the Reserve Bank of India.
Considering the aforementioned factors and the prevalence of fraudulent loan apps, we strongly advise against using QuickLoan App to obtain loans online.