Unraveling MB Loan App: Is MB Loan Real or Fake?

Is MB Loan Real or Fake?: MB Loan, a finance app developed by Sahayog Microfinance Limited, entered the digital landscape in February 2022. With an APK size of 9.60 MB and compatibility with Android version 5.0+, the app has gained moderate attention, boasting around 85 thousand downloads in the last 30 days. Despite its existence, it currently doesn’t rank high on popularity charts.

App Snapshot

As of now, the critical question on users’ minds, “Is MB Loan Real or fake?” remains unanswered. MB Loan has yet to receive any user ratings. The last update was rolled out on February 24, 2022, and the app bears a content rating of “Everyone.” Offering version 1.0.6, MB Loan is free to download.

MB Loan App User Complaints: A Disturbing Trend

Unwarranted Transactions and Harassment

Several users have reported unauthorized transactions allegedly linked to MB Loan. Recipients claim to have received sums ranging from Rs. 1800 to Rs. 2400 multiple times, despite never applying for any loan. The unsettling part is the subsequent demand for repayment, often accompanied by relentless calls and messages from obscure international numbers.

Disturbing Communication

Another common thread in user complaints involves incessant communication from foreign numbers. Users speak of receiving unsolicited WhatsApp messages containing edited nude photos, coupled with demands for payment. The victims express their distress, seeking assistance to put an end to this alarming harassment.

Difficulty in Canceling Loan Applications

Multiple users express frustration over their inability to cancel loan applications made through MB Loan. Users state that, despite their best attempts, the company appears unresponsive, leaving them stuck in a financial quandary.

Persistent Threats and Harassment

The tales of woe continue with reports of users facing continuous harassment. Allegedly, users are being bombarded with calls, messages, and even threats involving sensitive content. Such activities are not only distressing but also paint a disturbing picture of MB Loan’s operations.

Is MB Loan Real or fake?: Voices from the Victims

1. Unwanted Debt and Intimidation

One user recounts downloading MB Loan, only to be pursued for a loan amount never received. The individual faces incessant calls, WhatsApp messages, and even calls from various countries, demanding a substantial repayment, leaving them exasperated.

2. Exploitative Tactics and Cyber Threats

Another victim claims to have fallen prey to exploitative practices by MB Loan. After allegedly repaying the loan via Paytm, the company purportedly refused to acknowledge the payment, leading to hacking incidents. The distressing aftermath involved the dissemination of private photos and information, triggering legal action against the app.

Also Read: Karta App Loan Scam

Conclusion

The surge in complaints regarding MB Loan raises serious questions about the legitimacy of the app. Users facing financial demands, harassment, and cyber threats paint a grim picture of their experience with MB Loan, intensifying the query: “Is MB Loan Real or fake?” As authorities and users alike grapple with these issues, the future of MB Loan remains uncertain. It is essential for users to exercise caution and thoroughly investigate before engaging with financial apps to avoid falling victim to potential scams.