In today’s world, where everything is available at the touch of a button, online loan apps, and websites have become quite popular. One such app that has been making the rounds recently is the Safe Money App. But the question is, is Safe Money App real or fake? In this article, we will provide a detailed Safe Money App review and answer all the questions that you may have about this app.
What is a Safe Money App?
Safe Money App is an online loan app that claims to offer loans at very low-interest rates. The app is supposed to be user-friendly and easily accessible. However, there are doubts about the legitimacy of this app.
Safe Money App Review
After conducting a thorough review of the app, we have come to the conclusion that Safe Money App is doubtful. Here are the reasons why:
- Lack of Online Presence One of the most significant red flags that we noticed about the Safe Money App is its lack of online presence. A genuine loan app will always have an online interface that makes applying for loans easier and quicker. However, we couldn’t find any active social media accounts, which is a cause for concern.
- No NBFC Company Information Available We could not find any information about the NBFC company that is associated with the Safe Money App. This lack of information raises suspicion about the legitimacy of the app.
- No Licensing or Certifications We couldn’t find any licensing or certification information for Safe Money App. This is a significant red flag as any genuine loan app will have the necessary certifications to operate.
- No Proper Terms and Conditions Available A genuine loan app will always have proper terms and conditions that are easily accessible to its users. However, we could not find any such information on the Safe Money App.
- CIBIL Score Not Mandatory CIBIL score is a crucial factor in determining the creditworthiness of a borrower. However, we could not find any mention of the CIBIL score on the Safe Money App. This is a significant concern, as it raises questions about the app’s lending practices.
- Poor Customer Care Service We also found several complaints from users about the poor customer care service of the Safe Money App. The app has received numerous negative reviews on various online forums, which is a cause for concern.
- No Information of the Founder Another significant red flag is the lack of information about the founder of the Safe Money App. A genuine loan app will always have information about its founder readily available.
- Registration Details Not Found We could not find any registration details for Safe Money App. This is another significant concern as any genuine loan app will be registered with the relevant authorities.
- Grievance Officer Address and Name Not Available As per RBI regulations, it is mandatory to mention the NBFC company name and grievance officer details in the policy. However, we could not find any such information on the Safe Money App.
Is Safe Money App Safe?
Based on our review, we cannot recommend the Safe Money App as a safe option for obtaining loans. The lack of information about the NBFC company, poor customer care service, and negative reviews from users are all major red flags that cannot be ignored.
In conclusion, we advise users to exercise caution while using online loan apps and websites. It is always important to do proper research and read reviews before using any such apps. In the case of the Safe Money App, we would recommend users avoid it altogether due to the significant red flags that we have highlighted in this Safe Money App review.