Swift Seconds Loan App promises instant personal loans with low interest rates and a paperless process.
However, several red flags suggest that this app might not be trustworthy. Let’s explore the details and determine whether it’s safe to use.
What is Swift Seconds?
Swift Seconds is an online loan application that offers personal loans ranging from ₹3,000 to ₹2 lakhs.
It claims to provide non-collateral loans without paperwork, accessible 24/7.
The app was launched by India Finsec Limited Finance but has since been removed from the Play Store, raising concerns about its legitimacy.
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Application Profile
| App Name | Swift Seconds |
| Category | Finance (Loan) |
| Loan Type | Personal Loan |
| App Size | 7.24 MB |
| Loan Amount | Up to ₹5 lakhs |
| Repayment Time | 91 days to 365 days |
| Interest Rate | Up to 24% |
| Documents Required | Aadhar Card, PAN Card |
| Minimum Age | 20 years |
| Visitors | 100K installs (according to reviews) |
| Ratings | 4.6 (likely fake) |
| Website | swiftsecc.xyz (not working) |
| Customer Care Number | +91 7978138956 |
| [email protected] |
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Swift Seconds Review
Swift Seconds offers loans with interest rates up to 30% APR and a repayment term of 95 to 365 days. While it claims to provide easy loans without paperwork, the app has numerous issues.
It is no longer available on the Play Store, indicating potential problems.
The app also requires personal information such as a mobile number, operator, and recharge amount, which raises privacy concerns.
Here are some of the red flags about this platform.
- The app has been removed from the Play Store, suggesting it might be unsafe.
- Loans come with high interest rates of 40-50%, which can be misleading.
- Loans must be repaid within 7 days, often requiring repayment amounts much higher than the loan.
- Users report harassment from app employees demanding repayment, including abusive calls and messages.
- The app has likely fake positive reviews to lure users.
- The app is not registered with the RBI or partnered with any NBFC, questioning its legitimacy.
- Key details like founder information and a working website are missing.
Swift Seconds Loan App appears to be a fraudulent application designed to scam users. With its high interest rates, short repayment terms, and harassment tactics, it is unsafe to obtain loans.
The app’s removal from the Play Store and lack of RBI approval further underline its unreliability. It is advisable to avoid using the Swift Seconds Loan App and seek loans from more reputable sources.
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