Friends, are you among those who need an instant loan and are looking for an application that can provide you an instant loan at interest rate? Yes friends, you must have seen the advertisement of this application on Facebook or Instagram where such promise will be claimed.
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 LG Money 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 LG Money?
LG Money is an online instant loan application which promises to give you instant personal loan without any guarantors and this application has been launched by Annapurna Finance Private LTD, But this application is not available on Play Store. Why is it not available? To know this you will have to read this article completely.
According to this application, you can easily take a loan ranging from ₹ 3,000 to ₹ 300,000 without any paperwork.
Application Claims
- No paperwork
- 24×7 access
- Safe and reliable
- Easy Processes
- No Guarantors Need
As you can see, friends, in the screenshot provided in this post, the application claims that you can simply obtain a loan for 30,000 here, with a 03-month term, without an guarantors need.
LG Money Loan Details
| Application Name | LG Money |
| Launched By | Annapurna Finance Private LTD |
| Loan Range | 3000 – INR 300,000 |
| Any type of Fees | Not Found |
| Interest Rate | 16%-30% |
| Loan Tenure | 91-365 days |
| Launched Year | 2023 |
| Application Size | 29.5 MB approx |
| Total downloads | 10M [ Not Available on Play store ] |
| Rating on Play Store | 3.5 [ Not Available on Play store ] |
| Fake or Real | Fake & Not Safe |
| Website | lgmony.club |
| Is it RBI Approved | Read Full |
LG Money App Eligibility
Friends, to take loan from LG Money application, you will have to follow the given loan eligibility criteria, only then you will get loan from this application.
| Minimum age | 20 Years |
| Maximum age | 60 years |
| Nationality | Indian |
| Cibil Score | 600+ |
| Bank | Must Active Bank Account |
| Income | Fixed Salary |
LG Money Required Documents
Friends, if you want to take a loan from LG Money 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
LG Money Customer Care Number
| Care Number | +912262671236 |
| Office Address | No. 58, Palace Road, Vasant Nagar Bangalore Karnataka |
| Founder Name | Not Found |
| Email id | onin.kamikaze38@gmail.com |
How to take loan from LG Money App
Friends, if you also want to take loan from LG Money 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 is not available on 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
Other Loan App Scam: Rupee Fly Loan App Review
LG Money 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 Rs 30,000 within 5 minutes without any guarantor or collateral.
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, for example, if you take out a loan for Rs 10,000, you will need to pay back Rs 15k to Rs 17k.
Because LG Money 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.
LG Money 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. After 5 to 6 days it will start harassing you.
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 which is dangerous to you and you may even think of suicide.
Read Recent Loan Scam Suicide Case: [ Here ]
LG Money Loan App Real or Fake
LG Money is a fake loan application and you must have understood that this application can scam with you, hence our opinion is that you should not take loan from this application.
friends, If you are one of the who have fallen victim to these fraudulent loan applications. Please read the article through from beginning to end, We have provided some Solution in the article that may help you escape this situation.
- No paperwork
- 24×7 access
- Safe and reliable
- Easy Processes
- No Guarantors Need
- RBI Approved: Not Approved
- Now Not Available on Play Store
- 7-Day Loan App: Yes, is it
- Registration details: Not Found
- License or certificate: Not Found
- Customer service: Wrost, Abusing
- Fake Review
- Founder Name: Not Found
- Social Media Account: No Account
- Blackmailing & Harassment.
LG Money Loan App Review
LG Money Loan App
LG Money is an online instant loan application which promises to give you instant personal loan without any guarantors and this application has been launched by Annapurna Finance Private LTD
Summary
Friends, our opinion is that you should not take loan from this application because LG Money is a fake loan application which can trap you and after getting trapped, it can be very difficult to get out of it.
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.
Q: LG Money loan app real or fake
Ans: LG Money is a 100% Fake Loan App, once you get trapped in its Scam then it can be very difficult to escape.
Q: LG Money loan app is safe or not
Ans: LG Money App is not a safe Application because its provide you loan only for 7 days and charged up to 40% 50%.
Q: LG Money loan app rbi registered
Ans. LG Money 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.
Conclusion:
LG Money Loan App Review: Friends, if you have read our post till here then you must have understood that LG Money is a fake loan application.
It is easy to take loan from LG Money 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.
