Cash247 Review

A Noida loan app claiming sub-7-minute small loans via four partner NBFCs that we could not verify on RBI records.

FINTECH (LENDING PARTNER MODEL)

Reviewed by BankCreds App Review Team· App Review Analysts Updated 28 July 2026

Cash247 is a real loan app from a real Noida company, GrowthX Business Technology Solutions, promising small ultra-short-term loans with digital KYC and disbursal in "under 7 minutes". To its credit, it publishes a named grievance officer, which plenty of opaque apps never bother with.

Here's the catch: nothing that matters checks out. None of its four obscure Kolkata partner NBFCs shows up on RBI records, the site claims "RBI-Approved NBFC" while the operator holds no registration, and its own pages quote two different rates (10.99% and 14%) with no maximum APR, no loan amounts and no tenure range anywhere. This review is about that gap, and why "no complaints yet" is not the same as safe.

Quick Facts

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Max Loan

10.99% p.a. advertised; 14% shown elsewhere on the same site; max not disclosed

Interest Rate

Claimed under 7 minutes with 100% digital KYC (operator's claim, unverified)

Disbursal

From 61 days (site's own example); maximum not disclosed

Tenure

2% – 4.5% (per site; no Key Fact Statement published)

Processing Fee

Not disclosed

Min Income

Our Ratings

Disbursal speed 2.0/5

The "under 7 minutes" claim is the operator's own; with no verifiable user base, there's nothing to confirm it against.

Interest & cost 2.0/5

10.99% advertised but 14% elsewhere on the same site, no maximum APR, and 2%–4.5% processing fees; the true cost is unknowable.

App experience 2.0/5

A functional listing, but a cloned "CreditSea Loan Calculator" page, a dead App Store badge and "0+" placeholder stats point to a rushed build.

Customer support 2.0/5

A named grievance officer is a genuine positive, but there's no track record showing complaints actually get resolved.

Safety & transparency 2.0/5

Neither the operator nor any of its four partner NBFCs verifies on RBI records, so we can't confirm a licensed lender behind these loans.

Loan Details & Charges

Loan Amount Not disclosed

Interest Rate 10.99% p.a. advertised; 14% shown elsewhere on the same site; max not disclosed

Tenure From 61 days (site's own example); maximum not disclosed

Processing Fee 2% – 4.5% (per site; no Key Fact Statement published)

Late Payment ₹500 or 3% of the overdue amount, whichever is higher (per site)

Prepayment Not disclosed

Foreclosure Not disclosed

Eligibility Criteria

Min Income Not disclosed

Employment Not disclosed

Documents PAN, mobile and email, employment and income details, address proof, selfie, bank statement, employment proof

What It Actually Costs

Loan amount Not disclosed

Tenure 61 days (site's own calculator example)

Monthly EMI Cannot be estimated

Total interest Unknown, no maximum APR published

Processing fee 2% – 4.5% (per site)

Total repayment Unknown

Cash247 publishes no loan amounts, no maximum APR and no Key Fact Statement, so an honest cost example is impossible. That gap is the finding: never borrow where you can't compute the total repayment before you sign.

Try the Cash247 EMI calculator

Pros

A named grievance officer is published, a genuine compliance step many opaque apps skip
Traceable operator: GrowthX Business Technology Solutions, a registered Noida company with a live Play Store listing
No scam complaints found on consumer forums as of July 2026, though this likely reflects a small user base

Cons

None of its four partner NBFCs verifies on RBI records, yet the site's title claims "RBI-Approved NBFC"
Conflicting rates on its own site: 10.99% p.a. in one place, 14% in another, with no maximum APR anywhere
No loan amount range, no tenure range and no Key Fact Statement, short of RBI digital lending transparency norms
The loan calculator page is titled "CreditSea Loan Calculator", a cloned template from another lender's site
Self-claimed "4.8 stars, 14K+ reviews, 2.3L+ users" can't be verified, and the About page shows unpopulated "0+" placeholders
The App Store badge links nowhere, and the operator lists two different Noida addresses with no CIN published

Our Verdict

We can't recommend Cash247 to anyone right now, and that's a verifiability problem rather than a proven-scam finding. The app exists, the operator is a registered company, a grievance officer is named, and we found no complaints as of July 2026. But every claim that would make it safe to borrow from, RBI-registered lending partners, a defined rate band, a published Key Fact Statement, either fails verification or simply doesn't exist. The cost story is unknowable, which is itself the finding. The site quotes 10.99% in one place and 14% in another, publishes no maximum APR, no loan amount range and no tenure range, and its calculator page is literally titled "CreditSea Loan Calculator", a cloned template. The fees we could find: 2%–4.5% processing, and late fees of ₹500 or 3% of the overdue amount, whichever is higher. If you need small, fast money, use a lender you can verify. mPokket and KreditBee publish their terms; True Balance lends from its own RBI-registered NBFC. If you still consider Cash247, demand the Key Fact Statement and the lending NBFC's name and RBI registration number in writing before accepting a single rupee.

Who Cash247 suits

Honestly, almost no one until it proves its lending licences and publishes a Key Fact Statement

At most, a last-resort borrower who has received the lending NBFC's name and RBI registration number in writing and verified it on rbi.org.in

Look elsewhere if

You want a lender whose licence you can verify: True Balance lends from its own RBI-registered NBFC

You want published amounts, tenures and a maximum APR before applying: mPokket and KreditBee disclose theirs

You're reassured by a clean complaints record: with a user base this small, obscurity is not a safety signal

Things to Watch

The "RBI-Approved NBFC" claim is unverified: the operator holds no RBI registration, and none of its four Kolkata partner NBFCs appears on the RBI records we checked
The four partners are obscure trading-house-named entities with tiny capital (about ₹1.5 crore for Meghdoot Mercantile), a pattern consistent with rented-licence small-ticket lending
No KFS, no amount range and no maximum APR means you cannot compute your real cost before borrowing, and the site's own rates contradict each other (10.99% vs 14%)
The 61-day example tenure sits just above Google Play's 60-day minimum-tenure policy floor, a structuring pattern common among ultra-short-term lenders

How to Apply for Cash247

1

Verify before you install

Ask Cash247's support or its named grievance officer which NBFC would fund your loan, then check that entity yourself on the RBI's NBFC register at rbi.org.in. If they won't say, stop here.
2

Install from the official listing only

Use the Play Store listing for com.cash247.app. There is no iOS app; the App Store badge on the website links nowhere.
3

Complete KYC

The site lists PAN, mobile and email, employment and income details, address proof, a selfie, a bank statement and employment proof.
4

Demand the KFS before accepting

RBI's digital lending rules require a Key Fact Statement showing your APR and every charge. If it doesn't appear, or the rate isn't the advertised 10.99%, walk away.

Documents Required

PAN card

Mobile number and email

Employment and income details

Address proof

Selfie

Bank statement

Employment proof

What Real Users Say

The self-published "4.8/5 from 14K+ reviews" can't be matched to the actual Play listing, and the site's About page still shows unpopulated "0+" placeholder statistics.

There's almost no independent user sentiment to weigh, and that absence is the story.

What users love

None found: we located no credible independent reviews praising the app as of July 2026.

Common complaints

No complaints found on consumer forums as of July 2026, which likely reflects obscurity and a tiny user base rather than proven reliability.

How Cash247 Compares

vs mPokket — mPokket is an established small-ticket short-term lender with a verifiable structure and published terms; Cash247 offers neither.

vs True Balance — True Balance lends from its own RBI-registered NBFC, which removes exactly the rented-licence ambiguity that sinks Cash247.

vs KreditBee — KreditBee publishes its amounts, tenures and rate band upfront; that's the transparency baseline Cash247 fails to meet.

How we tested

We reviewed Cash247's website and Play Store listing, tried to verify the operator and all four named partner NBFCs against RBI records, and searched consumer forums for complaints. None of the four NBFCs verified, and the absence of complaints likely reflects obscurity and a small user base rather than proven reliability. Figures are as of July 2026 and come from Cash247's own pages; where this series cites user complaints, they are allegations, not adjudicated findings.

Frequently Asked Questions

Is Cash247 real or fake?

Cash247 is a real app run by a registered Noida company, GrowthX Business Technology Solutions, and we found no scam complaints as of July 2026. But real isn't the same as proven: none of its four partner NBFCs verifies on RBI records and its pricing is opaque. Treat it as unproven, not confirmed safe.

Is Cash247 RBI approved?

Not that we could verify. The operator holds no RBI registration, and none of its four named partner NBFCs, all obscure Kolkata entities, appeared on the RBI records we checked. The site's "RBI-Approved NBFC" claim is therefore unverified. Until Cash247 proves the licences behind its loans, treat that badge as marketing.

What interest rate does Cash247 charge?

Its own site conflicts with itself: a 10.99% p.a. rate in one place and 14% in the charges section, with no maximum APR published anywhere. Processing fees run 2%–4.5%, and late fees are ₹500 or 3% of the overdue amount, whichever is higher. Without a Key Fact Statement, your real cost is guesswork.

How much can I borrow from Cash247, and for how long?

Cash247 publishes no loan amount range and no maximum tenure. The only clue is its calculator's 61-day example, just above Google Play's 60-day minimum-tenure policy floor, a structure common among ultra-short-term lenders. A lender that won't state amounts and tenures upfront falls short of RBI digital lending transparency norms.

Are there complaints against Cash247?

We found none on consumer forums as of July 2026. That sounds reassuring, but it more likely reflects a tiny user base than a clean record: the app's self-claimed "4.8 stars, 14K+ reviews" can't be verified, and its About page still shows "0+" placeholder stats. Obscurity is not a safety signal.

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