Nowofloan.com claims that it provides instant paperless loans without impacting your CIBIL score. But could it be a safe and trustworthy loan?
In this post, we will review whether the Nowofloan is real or fake.
What is Nowofloan.com?
Nowofloan is an Indian loan consultant company lender for personal and business loans. They work together with the country’s several leading banks and NBFCs.
The company’s objective is to provide an easy way to apply for loans.
Nowofloan was founded in the year 2019 and is located in Surat, India. Nowofloan is not a Public company. Its current company stage is Unfunded.
Mr Arvind Makwana is currently directing the Nowofln Service India Pvt Ltd.
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|Services Offered||Loan consultant company|
|Domain registration date||30 March 2019|
|Address||Surat, Gujarat, India|
|Contact Details||+91- 07486019373|
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Plan and Services
The company offers four types of loan services and Membership Cards for personal and business loans. To access loans, premium and platinum membership plans must be purchased.
Premium membership card allows users to apply for Personal loans through banks and get loans at 12.5% p.a and Platinum membership card for Business loans at 11.5% p.a.
The premium card costs Rs. 299, while the platinum card costs Rs. 1999. All the process is paperless and online.
After thoroughly researching we found some thinkable facts. Many users are disappointed with the services of the company. Here are the points below
- Unsatisfactory user experience
- Plenty of negative reviews on the internet regarding no response
- One way they attract customers is by using persuasive language.
- There was no response after purchasing the membership cards.
- Not an active customer support service
- No guarantee of loan approval after purchasing a membership card
The website behaves very professionally by providing all the necessary information to lure customers. However, there are several negative reviews on the internet complaining no response from the company.
There was no response after purchasing membership cards and when the customer came back to the website it showed you are a new customer please buy membership cards to avail of the benefit of getting loans.
There is no guarantee that the loan will be approved after purchasing membership cards.
We would like to recommend that don’t believe in such types of websites for taking loans instead apply to well-established banks.
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Mr Arvind Makwana is the founder of Nowofloan.com.
It is located in Surat, Gujarat.
No, it is not safe.
We do not recommend applying for a loan on Nowoflon.com because it is not reliable.
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