Digital Bank Loan App Review: Real or Fake

So friends, are you also one of those people who download loan applications like these without reading reviews or watching anyone’s videos. Seeing ads on Facebook or Instagram and get trapped in a scam from which it is very difficult escape?

Friends, B4Review is a trusted website that gives you well-researched reviews of websites, apps and technology.

Friends, in today’s post we are going to give you Digital Bank Loan App Review, is it right to take loan from this application or not, can you trust this application or not, is real or fake loan app? You will get complete information about it.

What is Digital Bank Loan App?

Digital Bank is an online instant loan application through which you can easily take a personal loan and this application has been launched by Ruloans Financial Private Limited, till now there have been more than 1 Lakh downloads on its Play Store but now it has been removed. Later on, you’ll understand why the Play Store took this action.

According to this application, you can easily take a loan ranging from ₹ 3000 to ₹ 50,000, with fast loan approval.

As you can see, friends, in the screenshot provided in this post, the application claims that you can simply obtain a loan for ₹ 3000 to ₹ 50,000 here, with a 6-month term, without providing without any bank statement and income proof.

Application Name	Digital Bank
Launched By	Ruloans Financial Private Limited
Loan Range	₹3k to ₹50k
Any type of Fees	Service Fees [ 1% 2% ]
Interest Rate	22% [ APR }
Loan Tenure	95 Days to 365Days
Launched Year	2023
Application Size	13.8 MB approx
Total downloads	100K Install
Rating on Play Store	4.5 [ Fake ]
Fake or Real	Fake & Not Safe
Website	digitalbbanks.one
Is it RBI Approved	Read Full

Digital Bank Loan App Eligibility

Friends, to take loan from Digital Bank application, you will have to follow the given loan eligibility criteria, only then you will get loan from this application.

Minimum age	18 Years
Maximum age	60 years
Nationality	Indian
Cibil Score	600+
Bank	Must Active Bank Account
Income	Fixed Salary

Digital Bank Required Documents

Friends, if you want to take a loan from Digital Bank application, then it is mandatory for you to have these necessary documents, only then you will get the loan from this application.

• Aadhar Card
• Pan Card
• Selfie
• Email Id
• Address proof
• Mobile Number

Digital Bank Customer Care Number

Care Number	+91 9255528002
Office Address	H. No. 504 1/6 S/F Netaji Subhash Marg, Darya Ganj (Also Ref. as H. No – 204, Prakash Chamber) New Delhi DL 110002
Founder Name	Not Found
Email id	digi123clients@outlook.com

How to take loan from Digital Bank App

Friends, if you also want to take loan from Digital Bank Loan app, then you will have to follow these steps carefully, only then you can take loan from this application.

To take a loan, first of all you have to download this application from Play Store or its website.
After this you have to install this application in your phone and sign up.
Friends, to sign up in this application, you have to enter your mobile number and then OTP.
After logging in, you have to fill your personal details and upload the necessary documents for KYC.
Now you have to choose the loan amount and then apply the loan.
Now you have to wait for some time for the loan to be approved. As soon as your loan is approved, the loan amount will be transferred directly to your bank account.

But nothing like this happens because this application has been removed from the Play Store and now it is trapping people by running ads on Facebook and Instagram.

If you are thinking of taking a loan from this application, then you may get trapped in their big Scam and it may be very difficult to escape

Digital Bank Loan App Scam

Friends, now let me tell you, if you are thinking of taking a loan from this application, then which scam will you fall into? Friends, suppose, like me, you too must have seen the advertisement of this loan application on Facebook and Instagram where it is being claimed that you will easily get a loan of Rs50,000 within 5 minutes without any credit history.

Friends, suppose you have installed this application in your mobile and applied for a loan of ₹ 10000, and your loan gets approved within 5 minutes, then you understand that a scam has started with you.

Friends, the reality of this application is that it gives you loan only for 7 days. Yes friends, it gives you loan only for 7 days and you may have to pay 40% to 50% interest on this loan which is more than the loan amount.

And you will have to repay this loan within 7 days, which is 2 to 3 times the loan amount, that is, for a loan of Rs 10000, you will have to pay Rs 15k to 17k.

Because Digital Bank is a fake application, it is neither registered by RBI nor does it have any NBFC partner. If you have taken a loan from this application then you are trapped in their Scam.

Digital Bank App Harassment

Friends, now let us know if you are thinking of taking a loan from this application, then what kind of harassment can happen to you, friends, the scam will start when some loan amount comes to your account.

Friends, as soon as the loan amount comes into your account, you will start being harassed after 5 to 6 days.

For Example: Friends, the employees of this loan application can harass you a lot like these people will call you daily and send you messages and will also abuse you on calls and will harass you a lot in messages to repay the loan.

Friends, these people can harass you to a great extent to get repayment, they can even contact your contact list, and along with this, they can also threaten to scare you by making obscene pictures of you and send them to your contact list.

Pros And Cons of Digital Bank

Digital Bank Loan App Review

How to escape from the loan trap

Friends, whenever you are going to take a loan from any loan application, first of all you have to see its review or related video on YouTube to see whether it is genuine or not. B4Review is a very good website which tells you in advance about fake applications like these.

friends. If you have fallen victim to these fraudulent loan applications, we have provided some helpful ways to help you to escape.

Don’t Repay Money: Friends, if you are trapped in a loan scam, then you do not have to make any loan repayment from now on because once the repayment is done, they will ask for repayment again and again.
Complaint: Friends, if these loan application employees are harassing you by calling or messaging you daily, then first of all you will have to go to the police station and register a complaint or you can also register by calling the number 1930.
Don’t Reply: Friends, if any message or call is coming from an unknown number then you should never reply to their message or call because these people save your number.
Switch off your SIM: Friends, if you are badly trapped in their loan trap, then the easiest way to avoid it is to switch off your SIM or break it and throw it away because these people will contact you again and again to make repayment.

Conclusion:

Digital Bank Loan App Review: Friends, if you have read our post till here then you must have understood that Digital Bank is a fake loan application. It is easy to take loan from Digital bank Loan application but once you get trapped in its Scam then it can be very difficult to escape, hence our opinion is that you should not take loan from this fake loan application.

Friends, now it depends on you whether you take loan from this application or not. We have given you complete information about this application. If you find any mistake in this post, then you can tell us by commenting.