Hello friends, let’s talk about these online loan application.
As you all know there are many online loan application on the playstore from where you get loan on very easy process for some short duration of time.
You just need to submit your aadhar card and pan along with one selfie and two of your contact details for reference.
You can see the process it’s quite easy and convenient, but, here comes the main part of these fraud loan applications.
Whenever you’ll download these applications the first thing they’ll ask is permission to your phone in which they’ll ask contacts+ storage+ phone+ messages+ location and once you allow them they’ll get easy access to your data.
Now talking about the interest rate: They provide you loan with 39% interest.
For example when you apply for 2000loan they’ll give you loan of 3000 and the amount which you’ll receive is 2086 and while repayment they’ll ask 3000.
And now here comes the main fraud once you’ll fail to repay on time, they’ll start torturing you they’re having your contact list so their agents will start calling your friends family and relatives.
They’ll start making whatsapp group and start using foul and abusive language and they’ll give you threats of cbi, police , CIBIL score degradation and on ground reality they can’t do anything except these tortures of contact calling.
You can check the leaked voice recording of these agents on youtube.
Stay away from these apps as people even suicide after there lifelong tortures.
Thankyou