Savv Score loan app that offers users the opportunity to secure loans of up to Rs. 1 Lakh with quick approval processes. This makes it an attractive option for those in need of immediate financial assistance.
One of the standout features of the Savv Score app is its flexible EMI tenure, which ranges from 3 months to 3 years. This flexibility allows borrowers to choose a repayment plan that best fits their financial situation, making it easier to manage monthly payments. Overall, Savv Score provides a convenient and efficient solution for obtaining personal loans.
Savv Score Loan App Customer Care & App Details
| Savv Score Loan Interest Rate | Upto 17% p.a. |
| Personal loan Process | Completely digital |
| Processing Fee | up to 0.25% of the loan amount |
| Loan tenure | 30 Days – 645 Days |
| Maximum Loan Amount | ₹2,000 – ₹1,00,000 |
| Age Limit | 18 to 60 years old. |
| Citizenship | Indian Citizen |
| Savv Score Loan Customer Care Number | Not Available |
| Not Available |
Savv Score Loan App Eligibility Criteria
- Indian nationals
- Age range: 18 to 60 years old
- Stable employment
Savv Score Loan Calculation Example
Assuming your loan amount is ₹30,000, the loan term is 180 days, and the APR is 20%, the specific calculation method is as follows
Handling fee: ₹ 200 (1% * 30,000)
GST: ₹ 56 (18% * 200)
Interest: ₹ 2,472.6 (₹ 30,000 * 20% * 180/365)
Loan cost: ₹ 2,208.6=₹ 200+₹ 36+₹ 1,972.6 (handling fee+GST+interest)
Total repayment amount: ₹ 22,208.6=₹ 20,000+₹ 2,208.6 (principal+loan cost)
So your monthly repayment amount is: ₹ 3,701.4=₹ 22,208.6/6
Is it Safe to Use Savv Score Loan App ?
It is advised not to download the app due to serious concerns about its legitimacy and safety.
Red Flags of Savv Score Loan App
Here are some important warning signs that you have to know before download this App:
- Investigation Findings: The app has been identified as a fake, with features that raise red flags about its authenticity.
- Loan Eligibility Check: The user initially checked for loan eligibility but did not apply for any loans through this loan platform.
- Unexpected Communication: An unknown number called the user, prompting them to install the app and check their account.
- Alarming Discovery: Upon checking, the user found an open loan in their account with a due date set for tomorrow.
- Unauthorized Transactions: The system credited an amount to the user’s account without consent or confirmation of any loan application.
- Personal Data Misuse: The app misused personal data by processing a loan without the user’s approval.
- Threats Received: The user reported receiving threats about the dissemination of their photo on WhatsApp, describing this behavior as cheap and ridiculous.
- Final Warning: A strong warning is issued against using this app; it poses significant safety risks.
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.
Savv Score Loan App Reviews
What should i do if i am trapped in their Scam ?
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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