Another lending app in India where you may get a rapid loan without collateral or paperwork is called Wonder Loan app.
You don’t need to go anywhere with your smartphone and this loan software will get the job done. Their loan procedure is incredibly quick; your money will be disbursed within an hour of completing your application.
You can get up to 2 lakh loans at once with this miracle loan app.
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Requirements to obtain loan from wonder loan app
Before you can obtain loan from this app, you need to meet up with some requirement which are
- Have good credit score
- Have bank account
- Be above 18 years of age
- Reside in India
- Have smart phone with which to download the loan app
Once you meet up with the following requirement you can go ahead and apply for the loan
How to apply for wonder loan app
The first step is to go to Google Play Store then download the borrow application
Sign up with your name, bvn number and other information
After you have completed your registration, you will have access to your account.
In your dashboard, locate and click on the loan
You will be able to see the what amount of loans you are eligible for
Click it and then wait for the payment to be made
What amount can you get through the app WonderLoan
With Wonder Loan App, you can avail as much as 2 lakh in cash without collateral or papers. If you’re making your first application the amount you are eligible for is less than this however as you continue to use the loans from this app, it will get bigger.
Interest rate for Wonder Loan app and repayment term
The interest rate ranges from 5 to 22%, based on the amount you received and the time frame for repayment.
and you won’t be able to apply for loans to repay it until you repay the loan and clean your credit report with the credit bureau.
It’s typically time-consuming. Your best option is to pay the loan in full when it is due.
Is Wonder Loan a legitimate loan
Yes, Wonder Loan App is genuine, they’ve granted loans to a lot of individuals in India. However, they have not been licensed from the proper authority.
Final verdict of the wonder loan app
Wonder Loan App is a genuine loan app. They will definitely offer you a money. There is a negative reviews on the Play Store that indicates they are a bad loan apps. Their interest rates are high and the repayment timeframe is very short. They also make you feel like you’re a defaulter.
I’d advise you to not borrow from this app , however If you do take it, be cautious.
Conclusion
Here is how you can get loans from the wonder loan app. In the above paragraph, you can see that the this app is genuine They will definitely provide you with loans, however make sure that you receive a the loan you need to repay to avoid having embarrassment and shame.