3 min
Online loan apps scam Loan apps scam
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- Business News
People who are looking for instant loans are first asked do download an aggregate app which directs them to other apps. The other apps process the loan request only after collecting their Aadhar and PAN details along the user's portrait. The users are asked to give access for their photo gallery and phone contact list. Once the user give access the loan then get sanctioned immediately and the applicant gets seven days to repay it. If the user failed to repay the loan within seven days they are harassed , accused and levy huge interests and charges. In simple words they are given ₹5000 and are forced to repay ₹50000.
People who are looking for instant loans are first asked do download an aggregate app which directs them to other apps. The other apps process the loan request only after collecting their Aadhar and PAN details along the user's portrait. The users are asked to give access for their photo gallery and phone contact list. Once the user give access the loan then get sanctioned immediately and the applicant gets seven days to repay it. If the user failed to repay the loan within seven days they are harassed , accused and levy huge interests and charges. In simple words they are given ₹5000 and are forced to repay ₹50000.
3 min