| Interest Rate | 37% |
| Duration | From 7 Days |
| Access Level | Public |
| Company Name | LoanGuru |
| Phone 1 | |
| Phone 2 | |
| Website or Store | |
| Address | |
| Category | Dangerous Loan |
| Company Email | naughtygirlsapps@gmail.com |
| Views | 122 |
If you're in search of a dependable personal loan in India, LoanGuru is your go-to solution. We provide instant loans with quick lender approval, ensuring a safe and secure borrowing experience. Here's everything you need to know about LoanGuru:
About Us
LoanGuru is an online personal loan app that allows you to get instant loans and quick cash with minimal hassle. Our Risk Control Audit Department ensures that your loan application is processed efficiently and securely.
Product Introduction:
Loan Amount: ₹10,000 to ₹80,000 Tenure: 91 days to 365 days Interest Rate: Varies depending on the customer's risk profile and loan tenure. The minimum interest rate is 19% per annum, and the maximum is 36% per annum.
Interest Calculation Example:
- Loan Amount: ₹10,000
- Interest Rate: 9% per annum
- Tenure: 365 days
- Interest Payable: ₹10,000 * 9% = ₹900
How It Works:
Step-by-Step Process:
- Install the LoanGuru App: Download the LoanGuru app from the Play Store.
- Check Eligibility: Fill in your basic details to check first-level eligibility.
- Upload KYC Documents: Provide ID and address proof for online verification.
- Profile Confirmation: Select the required loan amount and e-sign the agreement to avail the loan.
- Receive Funds: Once approved, the amount is disbursed to your bank account.
LoanGuru Features:
- 100% Online Process: The entire process is paperless and digital, making it convenient and quick.
- Minimal Documentation: Only essential documents are required for the loan application.
- No Credit History Required: You can apply for a loan even without prior credit history.
- Multiple Repayment Options: Flexible repayment options to suit your financial situation.
Eligibility Criteria:
To qualify for a loan with LoanGuru, you must:
- Be an Indian resident
- Be above the age of 18 years
- Have a monthly source of income
Why Choose LoanGuru?
- Flexibility for Various Needs: Whether it's for gifting a loved one, handling a medical emergency, or taking advantage of a discount sale, LoanGuru stands by you in times of need.
- Credit Score Improvement: Regular and timely repayment of instant consumer loans from LoanGuru can improve your credit score, helping you secure bigger loans (home loans, car loans, education loans, etc.) at better interest rates from banks.
Security:
LoanGuru takes the security and privacy of your data seriously. All data is transferred over a secure HTTPS connection and is never shared with anyone without your consent except the lenders. Transactions are secured via 128-bit SSL encryption, ensuring your data remains safe.
Conclusion:
LoanGuru is committed to providing quick, reliable, and secure personal loan services to meet your financial needs. With a user-friendly platform, minimal documentation, and a focus on customer satisfaction, LoanGuru is your trusted partner for instant loans. Download the LoanGuru app today and experience the convenience of quick cash at your fingertips.
Expert Counsel
Loan apps might seem like an easy solution for quick cash, but they come with serious risks. Here are 10 essential tips to protect yourself when using online lending platforms:
- Brace for Aggressive Follow-ups if You're Late
Even a slight delay in repayment can trigger a barrage of messages, often on apps like WhatsApp. If these messages become overwhelming, consider blocking the sender to protect your peace of mind. - Resist Borrowing from Multiple Apps
Taking loans from different platforms to cover existing debts can lead to a deeper debt cycle. Avoid this approach to maintain financial control. - Beware of High Late Fees and Interest Rates
Missing payments can lead to daily interest charges that range from 5% to 7%, causing your debt to grow rapidly. Try to avoid missing deadlines to prevent accumulating excessive interest. - Only Download Apps from Official Stores
Stick to trusted sources like the Google Play Store when downloading loan apps. Unverified sites can compromise your privacy, exposing you to cyber risks. - Consider Safer Alternatives
Many loan apps are structured to trap users in cycles of debt, impacting financial stability and privacy. Seeking out more secure and traditional financial options can help avoid these pitfalls. - Watch for Short Repayment Periods
Some apps set repayment terms as short as 6 to 14 days, making it hard to repay on time and often leading to debt traps. Ensure you’re comfortable with the repayment schedule before borrowing. - Protect Your Privacy and Reputation
Loan apps sometimes contact family or friends to pressure borrowers, potentially harming your reputation. For some, this is reason enough to avoid these apps entirely. - Break the Borrowing Cycle
The best way to escape high-interest debt is to stop borrowing altogether. While it might be challenging initially, taking a break from these loans is essential for financial recovery. - Use Call-Blocking Apps Like Truecaller
Apps like Truecaller allow you to screen and block unwanted calls from lenders, helping to reduce stress from persistent calls and messages. - Report and Block Aggressive Contacts
If you receive abusive or threatening messages on platforms like WhatsApp, block the sender and report them to both WhatsApp and the app store to help protect others from similar harassment.
By following these guidelines, you can protect yourself from the risks of predatory loan apps and safeguard your financial well-being.
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