Interest Rate | 50% |
Duration | From 7 Days |
Access Level | Public |
Company Name | Ariaeko Loan App |
Phone 1 | |
Phone 2 | |
Website or Store | |
Address | |
Category | Dangerous Loan |
Company Email | |
Views | 121 |
Ariaeko Loan App
ARIAEKO LOAN APP is a personal loan application available in India, designed to provide quick and easy access to personal loans without requiring a CIBIL score. Here’s a detailed look at what the app offers:
- Loan Eligibility: Users can check their loan eligibility by providing basic personal information and financial details. The app assesses the user's financial situation and determines the loan amount they qualify for1.
- Loan Disbursement: Once approved, the loan amount is directly transferred to the user's bank account. The process is quick, often taking just a few hours to complete3.
- Repayment Terms: The app provides flexible repayment options, allowing users to choose a repayment schedule that suits their financial situation. Users can repay the loan in installments over a period of time, with interest rates typically ranging from 12% to 18%1.
- Customer Support: ARIA EKO LOAN APP offers customer support through email and in-app messaging. Users can reach out for assistance with any issues or questions regarding their loan.
- Security Measures: The app claims to have robust security measures in place to protect user data and transactions. However, users should always review the app's privacy policy and user reviews to ensure their data is handled responsibly.
- User Reviews and Complaints: There have been several complaints and reports of financial fraud associated with the ARIA EKO LOAN APP. Users have reported unauthorized transactions, harassment, and issues with customer support3. It's important to exercise caution and thoroughly research the app before using it.
Expert Counsel
Loan apps may seem like a quick solution for cash, but they often come with serious risks. Here are 10 important tips to keep in mind when dealing with online loan apps:
1. Only Download Loan Apps from Official Sources
Never download loan apps from sources outside the Google Play Store. Downloading from unofficial sites increases the risk of cyberbullying, as these apps may misuse your personal information, including contacting people in your address book without consent.
2. Be Prepared for Harassment if You're Late on Payments
Even if you’re just a day late, you can expect to receive a barrage of aggressive and unpleasant messages, particularly on WhatsApp. If the harassment escalates, don't hesitate to block the sender to protect your peace of mind.
3. Extremely Short Repayment Periods
Most loan apps offer repayment periods between 6 and 14 days, making it difficult for borrowers to meet their payment deadlines. This short repayment window often traps people in a cycle of debt
4. High Overdue Interest Rates
If you miss a payment, expect daily overdue interest rates between 5% and 7%. These high rates make it incredibly easy to spiral further into debt.
5. Reputation Damage is Their Leverage
Once a loan app has publicly shamed or tarnished your reputation by sending messages to your contacts, their goal has often been achieved. At this point, some borrowers choose not to repay the loan since the damage is already done. You can also generate a disclaimer to counter any false claims made by the app.
6. Don’t Borrow from Other Loan Apps to Repay Your Debts
Taking out new loans from other apps to settle existing debts will only worsen your financial situation. This strategy leads to a deeper cycle of borrowing and repaying.
7. Use Truecaller to Block Harassing Calls
Truecaller is an effective tool for screening and blocking calls from loan apps. This will help you avoid unnecessary stress and harassment from lenders.
8. Break the Cycle by Stopping Borrowing Altogether
The best way to escape the clutches of loan sharks is to stop borrowing entirely. It may be difficult, but cutting off access to these predatory loans is key to regaining control of your finances.
9. Block and Report Harassers
If you receive harassing messages on WhatsApp, block the sender and report them directly to WhatsApp and the Google Play Store. This helps prevent others from becoming victims of the same predatory practices.
10. Avoid Loan Apps Altogether
Loan apps are often designed to trap you in a cycle of debt, ruin your finances, and exploit your personal information. The safest option is to steer clear of them entirely and seek more secure financial alternatives.
By following these tips, you can protect yourself from the damaging effects of predatory loan apps and safeguard your financial well-being.
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