Fashion Rupee Loan App Review 2025 :Is Fashion Rupee Loan Fake?
Is Fashion Rupee a Legitimate Loan App? An In-Depth Review and Customer Feedback Analysis
In the growing world of digital lending, loan apps like Fashion Rupee promise quick and easy access to funds for those in need. Available on the Google Play Store, Fashion Rupee markets itself as a genuine loan app, offering loans from ₹5,000 to ₹100,000 with a maximum annual interest rate of 22% and repayment periods ranging from 100 to 730 days. It claims to partner with an RBI-registered NBFC, suggesting legitimacy and compliance. However, customer reviews reveal a starkly different reality, with complaints about unauthorized disbursements, high interest rates, short repayment terms, and aggressive recovery tactics. In this Fashion Rupee loan app review, we explore its claims, user experiences, and whether it’s a safe choice for borrowers in India.
What Does Fashion Rupee Claim to Offer?
Fashion Rupee’s Play Store description positions it as a solution for financial worries, emphasizing “efficient and personalized loan solutions” with a commitment to excellence, integrity, and customer satisfaction. The app collaborates with Jayachelve Financing And Leasing Private Limited, an NBFC registered with the Reserve Bank of India (RBI), acting as an intermediary rather than a direct lender. Here’s what it promises:
- Loan amount: ₹5,000 to ₹100,000
- Maximum APR: 22%
- Handling fee: Up to 1% of the loan amount + 18% GST
- Repayment period: 100 to 730 days
The description includes a loan calculation example: For a ₹20,000 loan over 180 days at 20% APR, the handling fee is ₹200, GST is ₹36, and interest is ₹1,972.6. The total repayment would be ₹22,208.6, or ₹3,701.4 monthly.
Advantages highlighted include:
- 100% online application process
- Competitive loan amounts and interest rates
- Transparent and secure processes
- Data security
Eligible applicants are Indian nationals aged 20-55 with stable employment and income. Customer support is available at suggestions@nitrofinfinance.com.
Customer Reviews: The Dark Side of Fashion Rupee
Despite its appealing claims, customer feedback paints a troubling picture. Many users describe Fashion Rupee as a 7-day loan app with predatory practices. Below are excerpts from recent reviews:
- Adreena Jacob (April 17, 2025): “I applied for a loan… without my consent, they disbursed… around 2000 and [are] asking me to pay Rs. 3536 on the 6th day… They are sending messages and blackmailing me using my photos… Total scam and unprofessional behaviour.”
- Somesh Gulamkar (April 10, 2025): “It’s a fake app… I never applied for any loan… They misused my data and… processed [a] loan without my consent… now threatening me to spread my photo on WhatsApp.”
- Poornima D (April 15, 2025): “I applied for a 3k loan… got only 1.8k, 1200rs got deducted as… fees… repayment amount is… 3k… in only 1 week… I request everyone not to borrow from this app.”
- Prathyusha Nimmanapalli (April 15, 2025): “Without consent they are sending money… asking to pay [a] high amount… They morphed my photos and [sent them] to my contacts.”
Common complaints include:
- Unauthorized disbursements: Loans credited without approval.
- High interest and fees: Repayments far exceed disclosed rates, often due in 7 days.
- Harassment: Threats, morphed photos, and abusive calls from recovery agents.
These experiences suggest Fashion Rupee may not align with its “genuine” branding.
Tips for Choosing a Safe Loan App
With the rise of instant loan apps in India, it’s vital to avoid scams. Here’s how to pick a reliable platform:
- Check RBI registration: Confirm the app’s NBFC or bank partner is RBI-registered.
- Read reviews: Look for consistent negative feedback, like with Fashion Rupee.
- Review terms: Ensure interest rates, fees, and repayment periods are clear upfront.
- Protect data: Avoid apps requesting excessive permissions (e.g., contacts, photos).
- Report issues: Contact the RBI or police if you face unethical practices.
Analysis: Can You Trust Fashion Rupee?
Fashion Rupee’s partnership with an RBI-registered NBFC lends some credibility, but user experiences raise red flags. The RBI enforces strict guidelines for fair lending, yet reports of unauthorized loans, hidden fees, and harassment suggest potential non-compliance. The 7-day repayment periods contradict the advertised 100-730 days, indicating possible misrepresentation.
India’s digital lending market is rife with predatory apps, prompting RBI crackdowns. Fashion Rupee’s pattern of complaints aligns with such platforms, urging caution for prospective users.
FAQ: Common Questions About Fashion Rupee
Q: Is Fashion Rupee a legitimate loan app?
A: It claims legitimacy through its NBFC partnership, but user reports of unauthorized loans, high fees, and harassment cast doubt on its practices.
Q: What are Fashion Rupee’s interest rates and fees?
A: The Play Store lists a 22% APR and 1% handling fee + GST. However, users report much higher effective rates, with repayments due in just 7 days.
Q: How do I apply for a loan with Fashion Rupee?
A: It’s a 100% online process for Indian nationals aged 20-55 with stable income. Given the reviews, consider safer alternatives.
Q: What if I face issues with Fashion Rupee?
A: Contact support at suggestions@nitrofinfinance.com, file an RBI complaint, or seek legal help. Document all interactions.
Conclusion
Fashion Rupee presents itself as a trustworthy instant loan app in India, but its users’ experiences tell a different story. Unauthorized disbursements, exorbitant fees, and aggressive recovery tactics overshadow its claims of transparency and security. For those seeking a 7-day loan app or quick funds, Fashion Rupee’s risks may outweigh its benefits. Research thoroughly, opt for apps with positive feedback, and prioritize financial safety.