Meteor Rupee app facilitation platform designed to connect users with registered Non-Banking Financial Companies (NBFCs) for quick and easy access to loans. It is important to note that Meteor Rupee does not provide loans directly; instead, it facilitates loan applications through its trusted partner, Well Fin Securities Ltd. This partner is a registered and regulated entity under the Reserve Bank of India (RBI), ensuring a reliable and compliant lending process. By leveraging this partnership, Meteor Rupee aims to streamline the loan application experience for users, making it more efficient and accessible.
Key features of Meteor Rupee include trusted NBFC partners, as loans are provided exclusively through RBI registered NBFCs, ensuring reliability and compliance with regulatory standards. The process is 100% digital and paperless, conducted online to eliminate the need for physical paperwork and making it convenient for users. Additionally, Meteor Rupee prioritizes user data protection by employing industry-standard encryption to safeguard personal information. With these features, Meteor Rupee offers a streamlined and secure way for individuals to access financial assistance through reputable channels.
Meteor Rupee Loan App Customer Care & App Details
| Meteor Rupee Loan Interest Rate | Upto 18.25% p.a. |
| Personal loan Process | Completely digital |
| Processing Fee | 1.5% of Loan Amount |
| Loan tenure | 91 Days – 365 Days |
| Maximum Loan Amount | ₹5,000 – ₹1,20,000 |
| Age Limit | 18 to 60 years old. |
| Citizenship | Indian Citizen |
| Meteor Rupee Loan Customer Care Number | Not Available |
| Not Available |
Meteor Rupee Loan App Eligibility Criteria
- The minimum age for application is 18 – 60 years
- Stable employment: Applicants must have a stable income to qualify for a loan
Meteor Rupee Loan Example
Loan Amount: 50,000 INR
Tenure: 95 days
Annual Percentage Rate: 18.25%
Total Markup Fee Payable: (50,000 x 18.25%/365) x 95 = Rs 2,375
Handling Fee: Rs 50,000 x 2% = Rs 1,000 + Rs 1,000 x 18% GST = Rs 1,180
Total Loan Cost: 50,000 + 2,375 + 1,180 = 53,555 INR
Monthly EMI: Rs.17,852
Is it Safe to Use Meteor Rupee Loan App ?
Based on user feedback, it is advisable to avoid downloading this app due to numerous alarming reviews that highlight significant issues. Users have expressed serious concerns regarding the app’s functionality and customer service, including:
- Payment Issues: Some users report being prompted to make overdue payments despite having already completed transactions. One user mentioned sending an email with a transaction screenshot but received no response, raising doubts about the app’s reliability due to the lack of a customer care contact number.
- Repeated Payment Requests: Users have indicated that after borrowing money once, they are asked to make multiple payments even if they have already paid twice. For instance, one user noted that while the app indicates a loan amount of 2000, only 1200 is actually disbursed.
- Misleading Loan Terms: There are complaints about misleading loan terms; users reported applying for loans with a minimum tenure of 90 days but only receiving 7 days for repayment in practice. For example, if a user applies for 4000 INR for 7 days, only 3000 INR may be credited to their account while requiring repayment of the full amount plus additional charges within that short timeframe.
- Harassment and Privacy Concerns: Several users described experiences of harassment when payments were delayed by even a couple of hours; reports include threats made against borrowers and calls made to family members where personal information was shared without consent.
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.
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