Attention Dhani Users – Major Changes You Need to Know!

If you’ve used Dhani for personal loans or are considering their credit line, you might be in for some surprises. Recently, Dhani made drastic changes to its lending services, but not all users are happy.

What’s Changing?

• Dhani has stopped personal loans: Major shift for those who relied on quick cash loans.
• Existing loan users need to be cautious: Accepting partial settlements can damage your CIBIL score.
• Dhani OneFreedom Credit Line is the new focus: But it comes with hidden charges that many users overlook.
• Scammers are taking advantage of the confusion: Be extra cautious while sharing personal details.

Before making a financial decision, it’s crucial to understand these changes, their risks, and whether Dhani’s credit line is really the right option for you.

Dhani Has Stopped Personal Loans – Why & What’s Next?

Dhani was once a popular platform for quick personal loans. However, it has now discontinued traditional personal loans and shifted its focus to the Dhani OneFreedom Credit Line.

Why Did Dhani Stop Personal Loans?

While Dhani hasn’t provided an official reason, these are the likely factors:

✅ Regulatory Compliance – RBI’s stricter digital lending rules require transparency.

✅ Business Model Shift – Dhani is pivoting to a closed-loop credit system.

✅ Customer Complaints – Hidden fees, delayed refunds, and CIBIL score issues hurt its reputation.

✅ Financial Challenges – The “zero-interest” loan model was unsustainable.

How Does This Affect Borrowers?

• No more personal loans from Dhani – If you need cash, you’ll have to explore other lenders.
• Existing EMI payments continue – If you had a Dhani loan, you must repay as per schedule.
• Dhani Credit Line has restrictions – It can only be used within Dhani’s ecosystem (shopping, healthcare, etc.), not for cash withdrawals.

What is the Dhani OneFreedom Credit Line?

Dhani has transitioned from personal loans to a credit line model. Here’s what it offers:

✅ Pre-approved credit of ₹25,000 to ₹5 lakh (based on eligibility).

✅ Can be used only within Dhani’s ecosystem (shopping, medical, and lifestyle expenses).

✅ Monthly EMI-based repayment instead of traditional interest.

✅ No direct impact on CIBIL score since it’s not a traditional loan.

🔴 But there’s a catch! Despite their “0% interest” claim, there are hidden charges that can make borrowing costly.

Hidden Charges & Risks – What Dhani Won’t Tell You!

While Dhani markets this as an interest-free credit line, hidden fees make it expensive:

❌ Monthly Subscription Fee – ₹199 to ₹599 (charged even if you don’t use the credit line).

❌ Late Payment Penalties – High charges for missing payments.

❌ Difficult Cancellation – Many users report trouble cancelling the subscription.

❌ Poor Customer Support – Numerous complaints about unresponsive service teams.

💡 Key Takeaway: Even without “interest,” you’re still paying a fixed monthly fee, making this more expensive than a regular personal loan!

Real Customer Complaints – Should You Be Worried?

Thousands of Dhani users have reported serious issues on Google Play Store, Twitter, and consumer forums:

📢 Unauthorized Deductions – Users report random bank deductions.

📢 Difficult Subscription Cancellation – Many struggle to cancel the service.

📢 Harassment Calls – Collection agents repeatedly call, even after full repayment.

📢 Identity Theft Risk – Fraudsters are using customer details to take fake loans.

🚨 Loan Fraud Warning! According to reports in The Hindu & Times of India, scammers impersonating Dhani representatives have tricked people into paying fake processing fees.

🔹 How to Stay Safe? ✔ Never pay upfront fees for a loan. ✔ Avoid sharing PAN, Aadhaar, or banking details unless verified. ✔ Report suspicious activity to cybercrime.gov.in.

Best Alternatives to Dhani – Where Should You Apply Instead?

If you need a personal loan or credit line, here are some trusted alternatives:

For Instant Personal Loans (Cash Disbursal)

✔ MoneyView – Loans up to ₹5 lakh, quick approval, low interest. (Best for salaried/self-employed professionals)

✔ KreditBee – Short-term loans with fast disbursal. (Best for first-time borrowers)

✔ CASHe – AI-driven lending, minimal paperwork. (Great for urgent cash needs)

For Credit Lines (Dhani Alternatives)

✔ LazyPay Credit Line – Transparent fees, better customer support. (Best for online transactions)

✔ MoneyTap – More flexible repayments, no hidden fees. (Ideal for managing expenses)

✔ Slice Pay – No subscription fees, best for students & young professionals.

✔ Paytm Postpaid – Great for shopping and bills without hidden charges.

💡 Pro Tip: Always compare interest rates, fees, and repayment terms before choosing a lender.

Final Verdict: Should You Use Dhani’s Credit Line?

Before opting for Dhani’s credit line, take the time to research thoroughly. Hidden fees, poor customer support, and cancellation difficulties have been reported by many users. Comparing Dhani’s terms with alternatives like LazyPay or MoneyTap can help you find a more transparent and cost-effective option.

🔴 Final Warning for Existing Dhani Loan Users

If you’re being pressured to settle your loan immediately, don’t rush into it. Before making any payment, ensure you receive a written confirmation via email and discuss the terms clearly with the local collection executive to avoid misunderstandings. Also, remember that settling a loan will impact your CIBIL score, so proceed only if you’re fully aware of the consequences.

📌 Key Takeaway: How to Activate Dhani OneFreedom Card Before committing to any credit product, always read the fine print, verify real user experiences, and calculate the actual cost. Don’t be misled by “0% interest” claims—ensure you understand the total charges before making a decision!

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Disclaimer: Information provided is for general knowledge only and should not be considered financial advice. We are not liable for any actions taken based on this information. We will make reasonable efforts to update the content with new information as it becomes available.