Several
catchy apps are being developed around the globe. Developers are trying their
best to bring simple yet immersive advantage-taking apps by picking up the opportunities
from various places which normal people don't see. However, companies and
software houses are working for the deployment of projects and applications for
others including some freelancers working solely with their effort being
weighed by the money. Notwithstanding, that's another topic to discuss though.
Today the main focus of this discussion is the "Loan Apps" that take
quite the attention of the public when they tend to wander the Play Store. Some popular names
include EasyLoan,
Barwaqt,
and PK
Loan. There are several other apps for the same purpose as well though it is
just that I remember the names of the ones cited above. Just to be made clear I
don't have any issue with these apps just wanted to disclose some facts that
people don't pay heed to when they are in need.
Click Bait
Yes, you read it right! Most of these apps are
nothing more than click baits. It is true that they provide you with a loan but
still clickbait. Let me explain, they provide you with catchy photos, for
example, they will provide you with an instant loan of PKR 20,000 - 50,000 but
that is just one side of the picture. Again they do provide up to PKR
20,000 - 50,000 loans but in a sequential manner. First, the user has to
entertain them with their details including CNIC and Address just to make sure
they have all the information of the user that would be enough to capture him/her
just in case (If you know what I mean).
Loan Evaluation
The user can evaluate the loan based on the
provided information. But this scheme works sequentially. For instance, the
user has to first take a loan of PKR 5000 and return it within one or maybe two
months. Moreover, the user has to pay the interest amount as well. Once the
journey to the first loan is completed the user is provided again an option to
go for PKR 10,000 now. Just like a stage of a game. Once the user clears stage
one he/she would be able to go to stage two. Further added, the verification
process is not that smooth as well. Providing your detail is one thing. But in
case the picture of your CNIC is not clear they will give you an error message
which is valid though it comes after some hours which is exhausting. For, the
user has to wait for a validation process. However, at times it passes smoothly
but I would say that you are lucky.
Lastly,
I would recommend going for bank loans instead and avoiding these fancy-looking
apps. They are merely only good for the satisfaction of the heart nothing else.
For, your hopes would be shattered when you are in need believe me. One more
thing I would say is important to mention here is that if the user fails to
return the loan amount, they do hold the right to write an application to State
bank and make you a defaulter. Well, that is my perspective. See you next time Insha'Allah. Until then, Khuda hafiz.
Comments
Post a Comment