Masala Magic Loan App: Review [ Clever ]

Friends, nowadays many fake loan applications have come in the market but they violate the Google policies, hence they are removed from Google, but there is an application available in the market which promises to give you instant loan but behind this application a secret that you will be shocked to hear.

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 Masala Magic Loan App, 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 Masala Magic?

Friends, Masala Magic is an instant loan application but it calls itself a recipe app to avoid Google’s policy, hence it is still available on Play Store on which more than 1 lakh downloads have been done and it has been launched by HolePrestaYaNotice.

According to our research, you can easily take a loan ranging from ₹ 2,000 to ₹ 50,000 with just using your smartphone.

As you can see, friends, in the screenshot provided in this post, the application claims that you can simply obtain a loan for 50,000 Rs here, with a 365-days term, with low interest rate, as this application is claiming in its ads.

Masala Magic Loan Details

Application Name	Masala Magic
Launched By	HolePrestaYaNotice
Loan Range	₹2k to ₹50k
Any type of Fees	Processing Fees: 40%
Interest Rate	35% APR
Loan Tenure	95 to 365 days
Launched Year	11 Oct 2023
Application Size	5.9 MB approx
Total downloads	100k Downloafd
Rating on Play Store	3.7 [ Fake ]
Fake or Real	Fake & Not Safe
Website	masalamagic.pro
Is it RBI Approved	Read Full

Masala Magic Loan Eligibility

Friends, to take loan from Masala Magic 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	300+
Bank	Must Active Bank Account
Income	Fixed Salary

Masala Magic Required Documents

Friends, if you want to take a loan from Masala Magic 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
• Bank Statement

Masala Magic Customer Care Number

Care Number	+918738093469
Office Address	Not Found
Founder Name	Not Found
Email id	support@masalamagic.pro

How to take loan from Masala Magic App

Friends, if you also want to take loan from Masala Magic 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 fake and a Scam 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

Masala Magic 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 25,000 and you will be being given very attractive offers regarding loan.

Friends, suppose you have installed this application in your mobile and applied for a loan of ₹ 10,000 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 Masala Magic 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.

Masala Magic Loan 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 whatsapp messages to repay the loan.

Also 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.

Masala Magic App Real or Fake

Masala Magic 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.

Masala Magic 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:

Masala Magic Loan App Review: Friends, if you have read our post till here then you must have understood that Masala Magic is a fake loan application.

It is easy to take loan from Masala Magic 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.