We come across a large number of cases where people narrate the agony of threats and harassment by loan apps. Somewhere the borrower is being threatened, so he can go somewhere. To his family members. Among the borrowers of instant loans from loan apps are middle class people as well as students.
Often they have to face problems even after repaying more than the loan amount. The police also do not have a permanent solution. She tells the way to change the sim, block the number. So it is better to avoid taking such loan, always take loan from RBI regulated institution and do due diligence of the company. Reserve Bank official
On the website you will find a list of the names of these apps, banks and non-banking financial companies (NBFCs).
If loan apps are troubling you, then immediately complain to the cyber crime cell. You can also register a complaint by calling 1930. Keep in mind that while installing such apps, do not give permission to access contacts, messages, files and media, photo gallery, location and personal data.
