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  Kaspal

  Category: Mild Loan

  Interest rate: 35%

  While Kashpal may seem like a quick solution for financial help, it’s essential to be aware of the tactics they use for debt recovery. Here’s what you should expect:

  1. SMS Messages to Your Contacts: Kashpal will send messages to your contacts, falsely claiming that you owe them money, attempting to shame you into repayment.
  2. Unpleasant WhatsApp Messages: If you miss a payment, even by just one day, brace yourself for a barrage of harassing messages on WhatsApp.
  3. Short Repayment Periods: Kashpal’s repayment windows range from just 6 to 14 days, making it difficult to manage and settle debts within the given timeframe.
  4. High Overdue Interest Rates: Expect daily overdue interest rates of 5% to 7%, which can quickly compound, trapping you further in debt.
  5. Reputation Damage: Once they’ve tarnished your reputation by contacting your friends and family, Kashpal’s primary goal is achieved, and repayment becomes secondary.
  6. No Legal Recourse: Since Kashpal operates without a license, they have no legal means to pursue action against you. Their main weapon is damaging your reputation.
  7. Don’t Borrow to Repay: Avoid the temptation to borrow from other loan apps to clear your Kashpal debt—it will only make your financial situation worse.
  8. Use Call-Blocking Apps: Utilize tools like Truecaller to block their calls and save yourself the stress of continuous harassment.
  9. Break Free from Loan Sharks: The most effective way to escape these predatory lenders is to stop borrowing from them altogether.
  10. Block and Report: Block Kashpal on WhatsApp and report their account to WhatsApp and the Google Play Store to help prevent others from becoming victims of their tactics.

  In conclusion, while Kashpal offers quick loans, the stress and harassment that come with their debt recovery methods make them a dangerous option. Always consider the long-term impact before borrowing from unregulated lenders.

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Step by step guide to break free from loan apps

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What you should know

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  Any loan sharks that defame are never linked to the credit bureau in anyway and all they say to you are lies.

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  Loan shark money cannot help solve anybody matter to better 40% - 70% in 7 days, they are simply misery compounders!! Do away with them.

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  Loan Apps major aim is to make outrageous profit from people and render people bankrupt. Dont be a victim

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