Very Disappointing & Misleading Experience
What is more concerning is that the person who contacted me was not clearly representing FatakPay, and the payment was made to a different name. The transaction screenshot shows the name Shashikant Vaman Shilimkar, while I was also dealing with someone named Roshan Bahakar regarding the loan process. This created serious doubts and confusion for me.
I was also told that once my CIBIL history was created for just 1 month, I could clear the loan. Now, when I actually want to close the loan, I am being told to wait for 6 months. This is completely different from what I was told before taking the loan.
If you are considering taking a loan, please ask for everything in writing—processing fees, additional charges, foreclosure rules and exact closure period—before making any payment.
I request FatakPay to properly investigate this matter and clarify who collected the additional money and why I was given different information. Customers should not be confused or pressured like this. Please remember that customers also have families and financial responsibilities.
Very disappointing experience. I would not recommend this service based on my experience.
Response from developer
Dear Customer, Sorry to hear about your experience. To help us resolve this quickly, please share your details along with your registered mobile number or Loan ID at reviews@fatakpay.com .Our team will get back to you shortly. – Team FatakPay
App does not works properly
Response from developer
Dear Akash, Sorry to hear about your experience. To help us resolve this quickly, please share your details along with your registered mobile number or Loan ID at reviews@fatakpay.com .Our team will get back to you shortly. – Team FatakPay
Money not received
What’s more frustrating is that AutoPay has already been set up on my bank account even though I haven’t received the money. How can repayment be expected when the loan amount hasn’t even been credited?
Customer support has also not provided a proper solution. This is extremely frustrating and unacceptable. Please resolve my issue immediately and clearly explain the status of my loan. ❌
Response from developer
Dear Aditya, Sorry to hear about your experience. To help us resolve this quickly, please share your details along with your registered mobile number or Loan ID at reviews@fatakpay.com .Our team will get back to you shortly. – Team FatakPay
Loan amount distribute
When you apply for a loan, it gets approved instantly, but the payment takes 4 days to reach your bank account. They advertise that the loan amount will be credited within 24 hours, and even claim in their ads that you’ll receive the money in just 5 minutes, which is completely misleading.
The repayment period is only one month, but they themselves waste 4–5 days in disbursing the loan, reducing the actual time available for repayment.
Overall, this has been a very frustrating experience. I would not recommend this service due to their poor customer support, misleading claims, and delayed loan disbursement.
Response from developer
Dear Customer, Sorry to hear about your experience. To help us resolve this quickly, please share your details along with your registered mobile number or Loan ID at reviews@fatakpay.com .Our team will get back to you shortly. – Team FatakPay
The absolute best app for emergencies!
Response from developer
Thank you for the 5-star rating, Shanks!😊 We're thrilled to hear you’re satisfied with our service. - Team FatakPay