Unsecured loans are on the rise as Indian aspirations meet easy borrowing. Many people opt to download loan applications after seeing online ads instead of going to the bank.
In this post, you will get to know if is it right to take a loan from this application, whether is it a real or fake loan app. Let us know whether it is real or a scam.
What is the Cash Assist Loan App?
Cash Assist Loan is an application that claims to give you a personal loan of ₹70K. It has been launched by Finagle Financial Services Private Limited, but it is not available on Google Play Store.
According to the app, you can easily take a loan ranging from ₹10K to ₹70K. Moreover, the application claims it is a 100% online application, has no paperwork, loans up to ₹70K, has no fees, interest rate not exceeding 0.4%, annual interest rate of 14% and is safe and reliable.
To take a loan from Cash Assist, you will have to follow the given loan eligibility criteria that are:
- Indian citizens
- Legal age, usually 18 or over
- Good credit score
- Proof of identity
- Proof of income and stable source of income
Consecutively, the required documents such as an Aadhar PAN card, selfie, address proof, and mobile number are needed to get loan approval.
Read: RunTopia App Review
Application Profile
| App | Cash Assist: Safety Loan |
| Product/Services | Loan |
| Available on Google Play Store | No |
| Address | – |
| Contact | [email protected] |
Read: FiniKash Loan App Review
Cash Assist Loan App Real or Fake?
Upon analyzing the application’s profile and online reviews, we found several concerning issues. Let’s take a closer look:
- The application is not available on the Google Play Store.
- Negative reviews are on the internet.
- The app’s features and benefits seem too good to be true.
- Consumer complaints were filed against the Cash Assist app, alleging harassment and extra charges for loan amounts.
- Not registered with RBI.
The signs warn that the platform is unreliable for loans and that users should exercise caution to avoid scams. Additionally, negative reviews suggest that users are not satisfied with their loan services.
In brief, the Cash Assist Loan App is fake. We recommend you consider the facts of this review post before making any transaction with this app.
Read: Medyahizmeti.com Review