FLOT Loan App Review: Complaints, Support , Contact

Flot Loan App is a digital loan application that offers unsecured personal loans through partnerships with RBI-registered Non-Banking Financial Companies (NBFCs), specifically Tycoon Credit and Portfolios Limited. As a secure platform for lending and financial services, Flot aims to simplify the borrowing process for users.

The app provides personal loans ranging from ₹1,000 to ₹99,000, with flexible repayment tenures of 3 to 12 months. Flot’s competitive processing fees and an Annual Percentage Rate (APR) that ranges from 28.8% to 55% make it an attractive option for those in need of quick financial assistance.

One of the standout features of Flot is its ability to offer tailored loan options in real time. By utilizing income estimation, obligation calculations, and fraud assessments based on SMS and device data collected during the application process, Flot can present the best offers to selected customers without requiring them to upload personal bank statements or pay slips. This streamlined approach enhances user experience and makes obtaining a loan more accessible than ever.

Flot Loan App Customer Care & App Details

Flot Loan App Eligibility Criteria

✔ Indian Resident (Must be an Indian national)
✔ Age Minimum 21+ (At the time of loan application)
✔ Stable Monthly Income (Employment/Self-employment required)
✔ Annual Household Income of ₹4,00,000+

Flot Loan Apply Process

• Install the Flot application.
  
• Register with your mobile number.
  
• Submit KYC documents and apply for a loan.
  
• Loan get approved within few hours
  
• Receive the approved loan amount directly in your registered bank account.

Flot Loan Calculation Example

Loan Type: Unsecured Personal Loan
Loan Amount: ₹10,000
Loan Tenure: 6 Months
Interest Rate: 2.4% Per Month
Processing Fee (6%): ₹600 + GST (18%) = ₹708
Interest: ₹857
EMI: ₹1,809
Total Repayment: ₹11,565(includes processing fee + GST)
APR : 51.34%
Note: Interest rates may vary based on the borrower’s risk profile.

Is it Safe to Use Flot Loan App ?

We do not recommend downloading this app due to numerous reported issues from users. Many individuals have experienced a disconnect between loan approval notifications and actual fund disbursement, with confirmed loans not being credited to their accounts. This has led to significant frustration, particularly regarding the unresponsive customer service, making it difficult for users to seek assistance through various channels.

Moreover, there are concerning claims of unauthorized deductions from accounts without the proper disbursement of loans, raising serious red flags about the app’s reliability and security. Given these experiences, potential users should exercise caution and consider more trustworthy alternatives before engaging with this application.

Which loan platform offers personal loans to people with a low CIBIL Score?

You can apply for a personal loan with us (Safeloan Financial Solutions) ! We work with over 50 loan companies to offer different loan options for you. Our platform has helped more than 2 million users, making it a reliable choice for personal loans. With our easy loan application process, you can quickly get the money you need for your emergencies.

You can apply for a personal loan of upto ₹2 lakh with an EMI tenure of a maximum of 2 years. You will get a loan even if you have Zero CIBIL score or a Low CIBIL score. You will also get loan approval even if you don’t have any income proof, salary slip, or bank statement.

Flot Loan App Reviews

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You can talk to our team directly, and they will help you overcome these problems. We have expert team members who have extensive experience. Our team will help you get rid of these Scams. If you would like to speak with our team, then book an appointment through this link – Get Consultation

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