Scorelytics loan app that offers users the ability to secure loans of up to Rs. 1 lakh. It positions itself as a faster loan option, aiming to streamline the borrowing process for those in need of quick financial assistance. The app claims to be trusted by lakhs of users, highlighting its growing popularity and user base.
With its user-friendly interface and efficient processing, Scorelytics strives to provide a seamless experience for borrowers. Whether you’re looking for personal loans or other financial support, the app aims to deliver a quick and reliable solution tailored to your needs.
Scorelytics Loan App Customer Care & App Details
| Scorelytics Loan Interest Rate | Upto 16% p.a. |
| Personal loan Process | Completely digital |
| Processing Fee | 3% of loan amount |
| Loan tenure | 91 Days to 24 Months |
| Maximum Loan Amount | ₹2,000 – ₹1 Lakh |
| Age Limit | Above 21 years of age |
| Citizenship | Indian Citizen |
| Scorelytics Loan Customer Care Number | Not Available |
| Not Available |
Scorelytics Loan App Eligibility Criteria
1. You need to be a minimum of 21 years old.
2. Indian Resident.
3. Minimum monthly income of Rs.5,000.
4. Customer verification (Know Your Customer) process
Scorelytics Loan Calculation Example
Loan amount: ₹60,000
Tenure: 120 days
APR: 12.65%
Total daily markup fee: (60,000 x 12.65%/120) x 95 = ₹3,375
Processing fee: ₹60,000 x 2% = ₹2,000
GST: ₹1,000 x 18% = ₹180
Total loan cost: ₹60,000 + ₹1,375 + ₹2,000 + ₹280 = ₹62,555
EMI: ₹18,852
Scorelytics Loan Apply Process
- Register your mobile number .
- Fill in basic details.
- Do KYC Process
- Review the Conditions and accept loan terms .
Is it Safe to Use Scorelytics Loan App ?
It is recommended to avoid downloading this app due to multiple significant issues reported by users. Key concerns include:
1. Fraudulent Activity : Users have reported that the app engages in scams by facilitating loans between individuals without proper licensing or regulatory oversight.
2. Payment Manipulation : After receiving funds, the app may request additional payments through individual UPI IDs that change frequently, creating confusion and potential financial loss for users.
3. Privacy Risks : There are alarming reports of the app requesting access to personal contacts and photos, which can be misused. Users have claimed that their images were manipulated into inappropriate content for blackmail purposes.
4. Data Collection Practices : The primary function of the app appears to be data collection rather than providing legitimate financial services.
5. Loan Rejections Despite Good Credit Scores : Some users with high credit scores (e.g., 720) have experienced loan rejections, further indicating potential fraudulent practices.
Given these significant concerns, it is strongly recommended not to install this application as it poses risks related to fraud and privacy violations while primarily serving as a data collection tool.
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.
What should i do if i am getting Threats from Loan Apps?
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 Threats. If you would like to speak with our team, then book an appointment through this link – Get Consultation
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