Fake Loan Application: In the digital age, more and more things about our lives are reaching us through mobile apps. Even if it is just a banking service. There are many fintech companies, banks and NBFCs that offer instant credit through mobile apps. Taking advantage of this, some fake loan apps are once again active in the Google Play Store. Don’t fall into the trap of such apps if you are in debt. Let us tell you some such tips to keep you safe.
How do you get into a trap?
Such apps will give you credit in just 5 to 7 minutes with no paperwork and Aadhar card and PAN card. They also bluff Insta loans for those with a bad CIBIL score. Once you upload your documents to their app, they will give you a loan of 3000 to 5000 rupees for 7 days. Immediately afterwards, the processing fee and other fees will be reduced by about 500 to 600 rupees. You have to pay the full amount after 7 days. Such applications have also been seen to cause errors during payment. Money has been deducted from your account, but payment in the app shows that it is illegal. This is why they have no customer service numbers and even if you wish, you will not be able to register your complaint anywhere. On the other hand, these apps can charge you between Rs 100 and Rs 150 every day. The chain of torture does not stop here. For recovery, these people are harassing you by calling your relatives and friends. They cheat you by sending you a photo. Most people pay to avoid trouble.
This is why all your data goes to them
In fact, when you install such apps, they ask you for contacts, media storage, message reading and location. Once you allow all these things on your behalf, all your data goes to them. These people use the same data for recovery.
There are also chances of cheating
Such apps may also misuse your documents. There have been many such cases where a user’s PAN card has been credited with a different name. In such a situation, it is best to stay away from this type of application.
This kind of app was revealed last year
Last year, during the Corona Period, when people needed money for job losses and other causes, countless such apps came into the Play Store. His Chinese connection also came to the fore. When the number of suicides increased due to harassment of such ops, the RBI and the police took strict action. As a result, Google has removed hundreds of fake credit apps from the Play Store, but once again, such loan apps have come into the Play Store.
Keep these things in mind
- Try not to take out a loan from the app as most app recovery process is bad. These people will harass your contacts.
- If you need to take out a loan, check with the app to see if the company is valid for financial transactions from the RBI. Do not take out a loan from an accredited company at any cost.
- Some applications offer credit by tying up with NBFCs. If you’re borrowing from an app like this, collect all the information about that company.
- When downloading an app from the Google Play Store, definitely read its review. You can be safer by reading reviews of other stranded users.
- Don’t give any app access to your message sights, contacts and media.
- Never borrow from an application that processes files based on Aadhaar and PAN card.
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