Cashpurse Loan

If you are living in India then you have probably heard about an app called Cashpurse Loan Apk. This is an app for Android mobile phones and tablets that you can install just like any other Apk.

I have gone through so many websites and even I have checked out the Play Store. However, I have found the Cashpurse Pro Loan Apk there. But that is a loaning application for Android users.

I am going to review some of its basic features as well as whether it is real or a scam. I have also checked out some of the reviews and successful in presenting the best alternative Apps which are include Mobil Tunai and mPokket. Remember the provided Apps are also best to get instant loans.

What is Cashpurse Loan?

Cashpurse Loan is considered one of the prominent loaning apps in India. It provides instant loans for the users while they charge a very low interest rate. However, many users, have used the app and applied for loans too. But some people are claiming that it was a scam.

Basically, it offers consumer loans for those who are young. According to the official sources of the app, it is working with famous banks, companies, and many other organizations. They claim that they are offering convenient services to consumers. So, there are thousands of people who have tried the app.

This application was launched only for Android smartphone users. So, the Indian users were only eligible to apply for the services. Till now they have actually offered and issued some financial services to the consumers. But it has been a few weeks since their service is shut down and users are curious about that.

So, no one has confirmed the news on whether this application or company is still working or not. Furthermore, the App is not available on all the sources including the official Play Store. However, this review is totally based on the reviews that have been shared by the users who have tried the app on their phones.

As I have earlier mentioned a few users used the app and they also have confessed that they received the loans. But recently the app has been removed from all the third-party app stores and even from the official app store. But here are some app details that you need to go through.

Loan Details and Products

Although the Cashpurse Loan does not exist anymore, still there is some product information we have received from the official sources. So, if you are interested and still have the app, then this can be valuable for you. Basically, the loaning amount is not that big as it is only available for youth.

The loaning amount starts from 3000 to 20,000 Indian rupees. So, each and every product has a different interest rate. Therefore, you can also check out more details about each product either in the App or on their official website. As per the official source, they are offering multiple products.

You will have to return the amount within 91 days. While the longest tenure is almost one year. It further depends on the customer and his/her record. The minimum interest rate per annum is 20 percent while the maximum 36% per annum. You can also calculate it by yourself.

Is Cashpurse Loan Real or Fake?

Still, there is no confirmed information on whether it is fake or real. But the app does not exist anymore. So, there might be different reasons for that. Therefore, it is too early to consider it either fake or real. But you will be able to download Cash Purse Loan App if we get that.

Final Words

So, I have tried to give an honest review of that app. Furthermore, I hope that you have got enough information regarding the Cashpurse Loan Apk.