Snapit Loan

SnapIt Loan app’s apk file detailed the software being a way that is“new to have signature loans all the way to Rs 10,000 with an intention fee of 36% per year. The software ended up being registered underneath the company exceptional Technology Pvt. based in Bhandup West, Mumbai week-end.

Predicated on its RoC filings, the organization had been integrated on Feb. 10, 2020, as some type of computer solutions business in brand New Delhi, by having a capital that is paid-up of 1 lakh.

This app too did not have any other financial details or a registered website like most others. Various mobile figures that arrived up during an online search associated with app and people noted on the RoC site had been also no longer working.


The software, depending on its apk file, offers loans all the way to Rs 1 lakh on as much as 36% rate of interest, and shares its address with Snapit Loan in Bhandup West. Nonetheless it’s run by a unique business, Barico Technologies Pvt., which will not toss up any filings in the RoC. an email delivered to the email id mentioned on its link that is apk did get an answer.

Bubble Loan

Called in many customer complaints, Bubble Loan too didn’t have a web site. Its Facebook web web page, developed in December just last year, had a web link to a website that is defunct. While BloombergQuint could perhaps not separately ascertain in the event that social networking web page was made by the business, the mobile figures noted on the page had been turned off whenever contacted. The target of this business regarding the web web page ended up being listed as Jehanabad, Bihar. There was clearly no apk file readily available for the mortgage software.


exact Same tale right right right here. There clearly was a Facebook web web page known as following the application that failed to include any information about the lending company’s web site, target or contact information. The web page, nonetheless, advertised its location happens to be relocated to Gurugram. It had been developed in December.

Its apk file stated that the organization offered loans as high as Rs. 5 lakh for the yearly interest levy of 36%. It described it self as a application that caters to young experts for servicing all sorts of loan demands.

A question delivered to the e-mail id noted on the apk file additionally failed to get an answer.

Rupee Factory

The software too had a Facebook page connected to its title but there have been no further details on its site or contact information. The web page was made in September year that is last.

The app, subscribed to a Bengaluru address, offered loans between Rs. 1,000 to Rs. 10,000 for a pastime fee as high as 25per cent, besides processing fees all the way to 20per cent and items and services taxation of 18%, in accordance with its apk file.

Multiple calls built to the detailed number that is mobile unanswered. a query delivered to the e-mail id on the apk internet site additionally would not get an answer.

One Hope and In Need Of Assistance

These apps would not have Facebook pages, websites, details or contact information available anywhere, except a couple of amounts of their agents that starred in some customer complaints and FIRs filed with cybercrime cells in Asia.

Paisa Loan

Paisa Loan, too, had a Facebook web page but no information that is further its web site, target or contact information. The web page, produced in August year that is last reported to provide individual loans online for just two to 3 years, with zero security and rates of interest between 13-24.3% per annum.

A mobile quantity that showed up through the loan app search direct lender installment loans bad credit Wyoming had not been working. There clearly was additionally no apk file that may be located on the internet.