Need quick cash through the Timely Purse Loan App?
Hold on.
Did you know this “company” operates entirely through social media, with no official application store presence?
This raises the immediate question, “Is Timely Use Loan App legit?”
What you’re about to read might save you from serious trouble.
Is Timely Purse Loan App Real or Fake?
Timely Purse claims to offer instant personal loans. Quick approval. Minimal documentation. Low interest rates.
Sounds perfect, right?
But here’s the problem. This app operates primarily through Facebook. Not through official channels.
Here’s the biggest red flag. Timely Purse Loan App does NOT exist on the Google Play Store.
According to research by Jharkhand Cyber Cop, the app operates exclusively through social media. They share download links via their Facebook group with 4.1K members.
According to the RBI Act, 1934 (Section 45-IA), all NBFCs must have a Certificate of Registration.
Requirements include:
- Minimum ₹10 crore Net Owned Funds
- Company registered under the Companies Act
- Proper licensing and regulatory compliance
Timely Purse shows none of these credentials.
No NBFC registration. No RBI license. No company details.
Is Timely Purse Safe?
Now, if you download the Timely Purse loan app from the APK file, then few things make it suspicious.
Wondering what they are?
Well, the first is APK, of course, and the other ones are Permissions!
The app asks you to grant permission for:
- Read contacts
- Access call logs
- Read SMS messages (including OTPs)
- Location tracking
- Camera access
- Read/write external storage
Why does this matter?
These permissions let scammers steal banking OTPs, access your contacts for harassment, read private messages, and track your location.
No legitimate loan app needs access to your SMS or call logs, which immediately raises the question that many users ask: is Timely Purse loan app RBI approved?
According to RBI guidelines, legitimate NBFCs must operate through verified channels.
All authentic loan apps are registered on official app stores like Google Play.
The app uses the Facebook models, such as:
- Users request app links in comments
- Admin shares APK download links privately
- No official website or Play Store presence
- Zero transparency about company registration
This operating model screams fraud.
Timely Purse Loan App Complaints
Here are some of the complaints registered by the Timely Purse Loan app:
- Refund Issues (Most Common)
One verified user left a damning 1-star review:
“I wait for my refund; they took my money, and it’s been almost 3 months now.”
Money deducted. Service not delivered. Refund nowhere.
- Data Theft & Blackmail
According to Cyber Suraksha Force’s investigation (January 10, 2025), a woman faced harassment after installing the app.
This isn’t just fraud. It’s extortion.
- Unresponsive Customer Support
Users report that the customer care numbers are frequently unresponsive or disconnected, even after the completion of payments.
How to Complaint Against Online Loan App?
Here are important steps to report loan frauds in India:
- File a complaint in cyber crime: Visit the National Cyber Crime Portal and file a complaint with proper evidence.
- RBI Ombudsman: Report unauthorized lending. File a complaint at rbi.org.in
- National Consumer Helpline: Call 1800-11-4000. Register a financial fraud complaint
- Local Police Station: Lodge FIR immediately. Carry transaction proofs, screenshots, and messages.
Keep Documentation:
- All screenshots of conversations
- Transaction receipts and bank statements
- APK file, if possible
- Call recordings, if available
Need Help?
Facing harassment from Timely Purse or similar loan app scams?
Don’t suffer in silence. Register with us.
Your financial safety and privacy matter.
Conclusion
Timely Purse Loan App shows every sign of being a fraudulent operation.
No Google Play presence. No RBI registration. Operating through Facebook. Unresponsive support.
Growing complaints about withheld refunds. Documented cases of data theft and blackmail.
According to Cyber Suraksha Force’s investigation and user testimonials, this app engages in serious criminal activity, including extortion, data theft, and financial fraud.
Stay away. Use only RBI-approved lenders.
Check for proper NBFC licenses. Read reviews carefully. Never download loan apps from external links.
Your hard-earned money and personal data deserve better protection.
