Stay away from Slice / sliceit / slicepay

if you took a loan you have to pay it back, cause its someone else money, you will do the same if someone takes your hard earned money and don’t pay you back. just pay it back and be done with it

I m not supporting Anyone …..

But every Loan Either it be Bank or from any app they all do same kind of behaviour So No any Loan/Postpaid service is Good
So Spend that much only which we can repay Else all facing same issue

Demondealer wrote:

if you took a loan you have to pay it back, cause its someone else money, you will do the same if someone takes your hard earned money and don’t pay you back. just pay it back and be done with it

But that doesn’t give any permission to lender to threat or misuse the personal information.
This is the basic difference between a bank and these kind of apps.

Also, in my case, i wanted to pay/clear all the dues but they dont even have any foreclosure option, they will force you to pay with heavy interests. You can’t do anything.

What else they can do if the borrower didn’t pay back for 3months..
It must be an unsecured loan so they will do all this.
Even after all this if borrower doesn’t repay they also can’t do anything.
🤣🤣

I understand them calling parents and siblings because that is done by every loan recovery agent. However calling random people from phonebook is just absurd and yes most chinese loan recovery apps do this. They should mention this practice of theirs clearly and in CAPITALS ( not within a 10 page doc) when a person registers on their app.

Why people install such apps in their primary account/space.
Can’t we install them in second space/island and give permissions hence not giving our contact’s??

I think people should stay away from defaults/missed payments irrespective of the bank or some fintech loan provider.

Ash-D wrote:

Why people install such apps in their primary account/space.
Can’t we install them in second space/island and give permissions hence not giving our contact’s??

Cashback ka chakkar babu bhaiya

You have banned Chinese Sites, why not these Chinese Loans/ Finance apps banned yet?

It happens when you visit a bar with expectations of getting milk. Thank god you’re in an overpopulated country where the law is process sluggard. If it was in any developed country then you would wither in jail or paying double interest.

Not supporting unethical practices of the slice or any other lending apps, but it’s first you who started the wrong thing. you may pay your EMIs by selling your mobile phone. Even if you’re broken to the ground, you may register yourself Financially Broken at the police station, they’ll protect you from lenders from any physical/mental assault.

As companies have staff to give them a salary, staff will also lose their jobs if we stayed on our typical mentality that online platforms earn millions so they’ll forget your debt.

matter is simple. take loan only if you can pay it back or better yet, dont take it at all. i think all loan agents are same and all of them are equally stupid. this is not exclusive just to Slice or Chinese loan apps.

one must be careful while installing the app. we take the permissions for granted but they can be misused like this. i think this is the reason why i have gotten call from “SBI” asking for help in collecting loan from someone i have not spoken to in 6 years.

remember, easy money always come with problems.

sharath2k2 wrote:

matter is simple. take loan only if you can pay it back or better yet, dont take it at all. i think all loan agents are same and all of them are equally stupid. this is not exclusive just to Slice or Chinese loan apps.

one must be careful while installing the app. we take the permissions for granted but they can be misused like this. i think this is the reason why i have gotten call from “SBI” asking for help in collecting loan from someone i have not spoken to in 6 years.

remember, easy money always come with problems.

Bank loans can take legal actions against the defaulters.
But in case of unsecured loans like this don’t think they can do much and that’s one of reason contact permissions is mandatory in such apps. And frankly it really hits people even better than the legal actions.

Ash-D wrote:

Bank loans can take legal actions the defaulters.
But in case of unsecured loans like this don’t think they can do much and that’s one of reason contact permissions is mandatory in such apps. An frankly it really hits people even better than the legal actions.

Yes, Phone book is their collateral.

Demondealer wrote:

if you took a loan you have to pay it back, cause its someone else money, you will do the same if someone takes your hard earned money and don’t pay you back. just pay it back and be done with it

Or be rich enough to negotiate a deal with the lender and say you will pay only part of the principal amount that too after 5 years

neehesh wrote:

Or be rich enough to negotiate a deal with the lender and say you will pay only part of the principal amount that too after 5 years

Ameero ki scheme haath lag hi gayi 🤣🤣

TempAcc wrote:

It happens when you visit a bar with expectations of getting milk. Thank god you’re in an overpopulated country where the law is process sluggard. If it was in any developed country then you would wither in jail or paying double interest.

Not supporting unethical practices of the slice or any other lending apps, but it’s first you who started the wrong thing. you may pay your EMIs by selling your mobile phone. Even if you’re broken to the ground, you may register yourself Financially Broken at the police station, they’ll protect you from lenders from any physical/mental assault.

As companies have staff to give them a salary, staff will also lose their jobs if we stayed on our typical mentality that online platforms earn millions so they’ll forget your debt.

No point of defaulting or denying repayment but on what terms!!. U took 100₹ loan and ethically u have to return 110₹ but these lenders will not allow you to pay 110 ( they dont have that option) , u have to pay 300₹ (charging hefty interests) , will delay your queries or quote false promises over call but deny to reply over email (or reply with a generic response), and u will end up paying heavy interests, useless penalties coz no govt body is monitoring them, and their unethical ways.

They only shows good reviews, tweets and offers to attaract as many innocent peeps as they can.

Again in most of the cases a normal guy wont default. Their unethical system made them to default.

You can’t even complaint to rbi ombudsman about slice coz its not even there in their list,but u can do that for any other well named bank/cc company.

I agree that any lender will do anything to recover their money, but i dont think sbi ,icici hdfc or any bank will call any random number from your contact list to harras them and defame you.

My SLICE app is installed in 2nd space.
No contacts to capture or call them even if I miss any loan EMI or Card bill. ( Though I usually don’t miss or have any loan).

If anyone is not paying then banks or such apps will do something to recover their money ? Right I guess.

soccergiants wrote:

Yes, Phone book is their collateral.

they can silently hack UPI’s and recover the money too, this applies to the people who are in contact lists on the loan taker.

kartikxxx wrote:

No point of defaulting or denying repayment but on what terms!!. U took 100₹ loan and ethically u have to return 110₹ but these lenders will not allow you to pay 110 ( they dont have that option) , u have to pay 300₹ (charging hefty interests) , will delay your queries or quote false promises over call but deny to reply over email (or reply with a generic response), and u will end up paying heavy interests, useless penalties coz no govt body is monitoring them, and their unethical ways.

They only shows good reviews, tweets and offers to attaract as many innocent peeps as they can.

Again in most of the cases a normal guy wont default. Their unethical system made them to default.

You can’t even complaint to rbi ombudsman about slice coz its not even there in their list,but u can do that for any other well named bank/cc company.

I agree that any lender will do anything to recover their money, but i dont think sbi ,icici hdfc or any bank will call any random number from your contact list to harras them and defame you.

It’s quite obvious but still sound absurd that these companies really want the defaulters who don’t pay on time.
Those high interest rates and charges is actually from where the majority of their money come & in some cases all of it. Else no point of taking risk of giving someone a loan just by seeing one’s credit history sometime not even that and expecting they will follow it in future.
These are unsecured loans and rbi and all really can’t do anything in such cases but at the same time these companies also can’t do much to the defaulters except these calls , abuses etc have heard many cases which got settled in court but the amount paid was so low that I don’t think it would have recovered the money they spent trying to recover it.
So yeah it’s really a dirty business but nobody gonna lend anyone a dime so easily.

Cody wrote:

they can silently hack UPI’s and recover the money too, this applies to the people who are in contact lists on the loan taker.

Are u serious or it’s just sarcasm

Leave Slice, even credit card companies do this. Leave CC companies too, Banks including SBI, put defaulter’s name n father’s name on public places. I’ve seen it.

The thing is, if you have taken a loan, you have to pay it back. Your personal reasons don’t mattr to loan issuer.

While @kartikxxx is at fault in this case (as he shared OTP accidentally) , there are a few points to note :-

1. These criticisms about slice are completely true – I have seen many reviews slice has a habit of publishing fake reviews or deleting genuine customer reviews from Playstore (this is very bad and after seeing this I went ahead and uninstalled the slice application right away)

2. Yes it gives a lot of cashback – at best case around 500/month profit but will they do forever? Most of us are blinded by these small cashback offers

3. Slice takes our full contacts and SMS access. This is a very big disadvantage and because of this it’s a complete NO for me. If I pay you ₹500/month (not indefinitely sometime will stop), will you give me each and every contact you have including SMS? The embarrassing situation when Slice agents call our relatives and abuse if for some unfortunate reason we are unable to pay far outweighs the cashback we earn.

4. Some will argue Slice does this as they have no collateral. Credit cards (ok forget proper banks) – even other apps for example Uni Card which is exactly same as slice doesn’t ask for SMS/contacts permission

We must read every line of an app before giving it access to each and every personal information and right to call everyone from our contact book

I have earlier appreciated and will also now appreciate @guest_999 as he mentioned in one thread whatever be the case he won’t open an account with Slice.

Others should follow this; I feel we are opening account each and everywhere without any thoughts

Cody wrote:

they can silently hack UPI’s and recover the money too, this applies to the people who are in contact lists on the loan taker.

@abhishek012 hack of UPI possible?

M.MAHI wrote:

My SLICE app is installed in 2nd space.
No contacts to capture or call them even if I miss any loan EMI or Card bill. ( Though I usually don’t miss or have any loan).

If anyone is not paying then banks or such apps will do something to recover their money ? Right I guess.

Don’t be mistaken, if you ever miss any loan emi/bill rest assured the slice people will give you hell regardless of 2nd space or similar app.

Todays Lesson: Don’t take udhari, warna fat jayegi tumhari!
Isliye 2 din advance me pay kar dete hai!😬
They offering amazing cashback! 😍😍

are these chinese apps registered with rbi? if not then can they touch credit score? @guest_999
few months back someone known to my friend took loan of 5000 by installing app in his 2nd phone.just 5 contacts were in that phone with fake numbers. and after receiving same he broke the sim. i do not support this action but ese tejasvi log bhi ha es desh me.

Gaurav_G wrote:

While @kartikxxx is at fault in this case indirectly (as he was unable to pay EMI due to job loss – hope you get another job soon) , there are a few points to note :-

1. These criticisms about slice are completely true – I have seen many reviews slice has a habit of publishing fake reviews or deleting genuine customer reviews from Playstore (this is very bad and after seeing this I went ahead and uninstalled the slice application right away)

2. Yes it gives a lot of cashback – at best case around 500/month profit but will they do forever? Most of us are blinded by these small cashback offers

3. Slice takes our full contacts and SMS access. This is a very big disadvantage and because of this it’s a complete NO for me. If I pay you ₹500/month (not indefinitely sometime will stop), will you give me each and every contact you have including SMS? The embarrassing situation when Slice agents call our relatives and abuse if for some unfortunate reason we are unable to pay far outweighs the cashback we earn.

4. Some will argue Slice does this as they have no collateral. Credit cards (ok forget proper banks) – even other apps for example Uni Card which is exactly same as slice doesn’t ask for SMS/contacts permission

We must read every line of an app before giving it access to each and every personal information and right to call everyone from our contact book

I have earlier appreciated and will also now appreciate @guest_999 as he mentioned in one thread whatever be the case he won’t open an account with Slice.

Others should follow this; I feel we are opening account each and everywhere without any thoughts

Brother, with god’s grace, i still have job, and these screenshots are from some twitter user, he tagged me coz i was also tweeting about slice.

I never default any dues (hopefully never will).
My case is bit different, fraud happened with me on slice and the fraudsters converts that spend into emis , unfortunately i have to clear those dues as well but slice has no feature to close this (foreclosure) as i dont want to pay extra (45%) interest and wanted to close this in one shot. Since they are working on this foreclosure feature (asper their verbal communication, never gave in written) they told me to wait but they are keep on imposing late fee penalties and sending me whatsapp message (email, message, app notification ls are normal) and calling me (not rudely till now) to harrass me from their recovery department (which is not at all aware of my case or have any authority to access my ticket).

Lender will surely take steps to recover their money, but there has to be some rules, they cant do public shame or call any xyz from ur contact list. Also, they dont even have basic foreclosure option then what kind of lending ethics they are following, what are their intentions. They are not at all secure (no transaction confirmation, no device registration or mac binding, just to name a few)

OMG o.O
But ideally if money isn’t paid back then they can take strict action on the user o.O