Harassment by operators of online loan app led youngster to suicide in Hyderabad Hyderabad: Harassment by operators of an online loan app has led a youngster to suicide in Hyderabad. Unable to bear the harassment of app operators, Rajkumar hanged himself on Monday at his home in Jiyaguda, within the confines of Kulsumpura police station, […]
Instant loan
– The Cyber Crime Files: Instant Loan App Scam – Volcano Loan [AsPKom Eixil News] – Company | Entertainment | Way of life
Popularity and views: 23,691 Online instant loans through apps and money lending scams and frauds in India are increasing alarmingly affecting the lives of millions of people, who while facing any kind of financial crisis, in emergency, are face the fancy and promising advertisements broadcast by these online money lending applications on Facebook, […]
Defunct CashMama and Loan Zone, MeraLoan Leaks Sensitive Customer Data, Report Says
Personally Identifiable Information (PII), such as passport photos, loan agreements, and other files exposing a wide variety of sensitive data, such as full names, email addresses, national ID cards, phone numbers, bank accounts containing over 6.5 million (million) files, totaling over 1TB (terabyte) of data, are leaked from (now) instant loan app CashMama and three […]
Hyd Cops to Ask Google to Block 40 Instant Loan Apps | Hyderabad News
HYDERABAD: As several loan apps promising quick money have again mushroomed on Play Store, Hyderabad Police are planning to write a letter to Google to remove 40 illegitimate apps from its Play Store. Besides these 40 apps, law enforcement officials have identified another 220 apps against which evidence is still being collected. Harassment by loan […]
Instant loan on apps used as bait to extort money
The next time you are lured by mobile apps offering loans in a jiffy without paperwork – Beware, you could not only get yourself into trouble, but also involve your friends and loved ones in a web of threats, abuse, blackmail and extortion. The Mira Bhayandar-Vasai Virar (MBVV) police cyber cell unit has arrested two […]
3 apps to consider when you need an instant loan
3 apps to consider when you need an instant loan By Leandra Monteiro March 09, 2022 Credit card credit management Credit score People can now efficiently obtain funds at super low interest rates by applying for a personal loan through an app. Not only do these apps allow borrowers to submit a loan application online, […]
Instant Loan App, Online: Data Security Credit Score, Everything You Need to Know
Rapid digitalization, accelerating internet penetration and the global pandemic have heightened business operations and customer expectations. No industry or sector is immune to the transformative effects of digitalization, not even the financial industry “deep in the paperwork”. The addition of the suffix tech to finance has changed the way the financial industry lends and borrows. […]
CARS UNLOCKS INSTANT LOAN APPROVALS POWERED BY CREDITIQ, DEALERS MAINTAIN CONTROL OF DIGITAL FINANCING
CHICAGO, March 8, 2022 /PRNewswire/ — Cars.com Inc.. (“CARS”), the leading automotive marketplace platform that provides a robust set of digital solutions, has activated its new turnkey digital finance technology powered by CreditIQ. It will be available to dealers on the CARS platform – at no additional cost – at the National Automobile Dealers Association […]
5 Reasons It Makes Sense To Get An Instant Emergency Loan
New Delhi | Jagran Brand Office: Emergencies are an integral part of life and you may not always have a contingency fund to deal with them. Whatever the nature of the emergency, you will need short-term funds, and many often resort to their savings. This is not the best approach for two reasons: 1. You […]
Instant loan by PNB with these facilities; know how to apply online
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SimplyCash asks customers to be vigilant before downloading instant loan apps and to remember warning flags
(Eds: Disclaimer: The following press release is provided to you under an agreement with PRNewswire. PTI assumes no editorial responsibility for it.)NEW DELHI, Jan. 14, 2022 /PRNewswire/ — Against the backdrop of the RBI task force’s revelation that it had identified over 600 fraudulent loan applications, it’s pertinent to understand what the warning flags of […]
SimplyCash asks customers to be vigilant before downloading instant loan apps and to remember warning flags
NEW DELHI, Jan. 14, 2022 /PRNewswire/ — Against the backdrop of the RBI task force’s disclosure that it had identified over 600 fraudulent loan applications, it’s pertinent to understand what the warning flags of basis which should set off a red flag for any potential borrower. The same sentiment is also shared by SimplyCash (the […]
SimplyCash asks customers to be vigilant before downloading instant loan apps and to remember warning flags
NEW DELHI, January 14, 2022 /PRNewswire/ — Against the backdrop of the RBI task force’s disclosure that it had identified over 600 fraudulent loan applications, it’s relevant to understand what are the basic warning signs that should alert any borrower potential. The same sentiment is also shared by SimplyCash (the instant personal loan app powered […]
How to get an instant loan no CIBIL score – Forbes Advisor INDIA
Today, getting an instant loan is not a problem as these are readily available from both traditional and non-traditional sources. However, getting a personal loan when the borrower does not have a CIBIL score or credit history, or a low score can be difficult for some. For such basics, borrowers should know that they can […]
ED attaches Rs 77.36 Cr cash from Kudos Finance
Hyderabad: In the ongoing investigation against the instant loan application case, the Enforcement Branch seized money worth Rs 72.36 crore from various bank accounts and payment gateways of Kudos Finance and Investments private limited, an Indian non-bank financial company, and its various fintech partner companies. The investigation agency took over the investigation based on several […]
ED ties NBFC funds in case investigating China-funded instant loan apps
NEW DELHI: The Directorate of Law Enforcement (ED) has seized funds of more than Rs 72 crore from a Non-Banking Financial Company (NBFC) as part of a money laundering investigation against Mobile phone app-based lending companies that were “full of investment” from China and Hong Kong, the agency said on Wednesday. He said an interim […]
ED ties NBFC funds in case investigating China-funded instant loan apps
The Law Enforcement (ED) Directorate has seized funds of more than Rs 72 crore from a Non-Banking Financial Company (NBFC) as part of a money laundering investigation against loan companies based on mobile phone apps that were “full of investment” from China and Hong Kong, the agency said on Wednesday. He said […]
Deposits valued at Rs 72.32 crore tied in cases of Chinese instant loan applications – The New Indian Express
By Express press service HYDERABAD: The Enforcement Directorate (ED) has provisionally tied over Rs 72.32 Crore deposits lying in various bank accounts and payment gateway accounts of M/s Kudos Finance and Investments Private Limited, a non-bank financial company India (NBFC), and its various financial technology (Fintech) partner companies, in the context of Chinese business on […]
Federal Bank Launches Instant Loan Approval Portal for MSMEs
MUMBAI: Private sector lender Federal Bank announced on Tuesday that it has launched an online lending platform federalinstalloans.com to facilitate quick and hassle-free credit approvals for Micro, Small and Medium Enterprises (MSMEs) across India. According to the bank, the platform enables MSME borrowers to get loans in less than 30 minutes digitally, uploading their tax […]
How can I get an instant loan online in India? – NewsGram
By- Kritika G Everything is done today in a snap of the fingers. Long queues, bulky application forms, a large amount of waiting time, everything sort of spins into extinction. The way we do our banking today is nothing like it was ten years ago. It’s more paperless, it takes less time, there are no […]
Advance America: 4 Reasons To Consider An Instant Online Loan
LOS ANGELES – December 27, 2021 – (Newswire.com) In the past, potential borrowers had to send a loan application by mail or go to a branch and apply in person. Loans can take days or weeks to fund. But now online loans make it easier for borrowers to get the funds they need. Borrowers can […]
Advance America: 4 Reasons To Consider An Instant Online Loan
LOS ANGELES, December 27, 2021 (GLOBE NEWSWIRE) – In the past, potential borrowers had to send a loan application by mail or go to a branch and apply in person. Loans can take days or weeks to fund. But now online loans make it easier for borrowers to get the funds they need. Borrowers can […]
4 reasons to consider an instant loan online
LOS ANGELES, December 27, 2021 (GLOBE NEWSWIRE) – In the past, potential borrowers had to send a loan application by mail or go to a branch and apply in person. Loans can take days or weeks to fund. But now online loans make it easier for borrowers to get the funds they need. Borrowers can […]
Kumari Foneloan – Buy Now, Pay Later in Nepal: Instant Loan, Pay on EMI
Kumari Bank, a commercial bank in Nepal, has introduced a Buy Now, Pay Later (BNPL) service, which allows customers to get an EMI loan instantly directly from their mobile banking app. Foneloan – Buy now Pay later The concept of instant lending through a mobile banking app is nothing new. About a year ago, several […]
Getting an Instant Fintech Loan? Check the eligibility criteria
Over the past few years, the rise of fintechs has changed many people’s approach to banking. Besides payment services, people have also started to use fintech apps for instant personal loans. While traditional banks take days (sometimes even weeks) to process personal loan applications, fintechs provide funds with just a few clicks. However, meeting certain […]
Key things to keep in mind to avoid online loan fraud
The Reserve Bank of India, in a recent report, found that in India about 1,100 online loan applications exist on Internet platforms. However, shockingly enough, as many as 600 of these apps for Android users in India, operating in over 80 app stores, were illegal. Proposing stricter regulations for these digital lending apps, a task […]
Instant Loan Applications: Here’s How To Avoid Online Loan Fraud Personal finance news
New Delhi: According to a recent estimate by the Reserve Bank of India, there are over 1,100 online loan applications available in India on various internet platforms. Surprisingly, over 600 of these apps for Android users in India were illegal and they were distributed to over 80 app stores. A task force established by the […]
All you need to know
Taking a personal loan makes it easier to realize your dreams and also to finance emergencies. Are you about to apply for an instant loan for the first time? This article explains the most important factors you need to know about the loan: * Your credit score and your eligibility are important. Although the personal […]
Instant loan: urgently need funds? Here’s how to get an instant loan online
In an emergency, you may need short-term funds. In such cases, the instant loans available online in the form of personal loans are the best option. Instant loans can be obtained online through personal loan offers from traditional banks or financial technology companies. While personal loans from banks used to take days or weeks to […]
How to get instant loan online in India
Business Wire IndiaIn an emergency, you may need short-term funds. In such cases, the instant loans available online in the form of personal loans are the best option. Instant loans can be obtained online through personal loan offers from traditional banks or financial technology companies. While personal loans from banks used to take days or […]
All you need to know
Taking a personal loan makes it easier to achieve your dreams and also to finance emergencies. Are you about to apply for an instant loan for the first time? This article explains the most important factors you need to know about the loan: Your credit score and eligibility are important Although the personal loan is […]
How to get instant loan online in India
https://ift.tt/2zaxEZA Business Wire IndiaIn an emergency, you may need short-term funds. In such cases, the instant loans available online in the form of personal loans are the best option. Instant loans can be obtained online through personal loan offers from traditional banks or financial technology companies. While personal loans from banks used to take days […]
The IT department descends on the instant loan application company; Rs 500 crore in funds illegally transferred abroad, Telecom News, ET Telecom
A fintech company that provided instant loans through a mobile app was found to have repatriated “non-genuine” funds of Rs 500 crore overseas, the CBDT said on Wednesday. The information was gathered by the Income Tax Department after raiding the company in Delhi and Gurgaon (Haryana) on November 9. “During the search, it was revealed […]
cbdt: IT raids instant lending app company; Rs 500 crore of funds illegally transferred overseas
A fintech company engaged in providing instant loans through a mobile app was found to have repatriated 500 crore rupees of “non-genuine” funds overseas, the CBDT said on Wednesday. The information was gathered by the Income Tax Department after raiding the company in Delhi and Gurgaon (Haryana) on November 9. “During research, it was revealed […]
The IT department descends on the instant loan application company; Rs 500-cr illegally transferred
A fintech company that provided instant loans through a mobile app was discovered to have repatriated “non-genuine” funds of Rs 500 crore overseas, the CBDT said on Wednesday. The information was gathered by the Income Tax Department after raiding the business in Delhi and Gurgaon (Haryana) on November 9. “During the search, it was revealed […]
IT raids instant lending app company; Rs 500-cr funds illegally transferred overseas
A fintech company engaged in providing instant loans through a mobile app was found to have repatriated 500 crore rupees of “non-genuine” funds overseas, the CBDT said on Wednesday. The information was gathered by the Income Tax Department after raiding the company in Delhi and Gurgaon (Haryana) on November 9. “During research, it was revealed […]
Need instant loan say hello on whatsapp and get up to rs 10 lakh know how to apply
By Lokmat English office | Posted: October 25, 2021 5:03 PM2021-10-25T17: 03: 06 + 5: 302021-10-25T17: 03: 06 + 5: 30 Next If anyone had said that users can get a loan from WhatsApp, an instant messaging app, no one would believe it at first. But yes it’s true. WhatsApp has launched a new service […]
racketeering of the instant loan application burst in Gurgaon, two arrested | News from Gurgaon
Gurgaon: Gurgaon’s cyber police dismantled an instant microcredit racket carried out via a mobile phone app and arrested two people from the company’s call center in Sector 58. Police said the accused used the mobile app to offer instant loans of Rs 2,000-5,000 for a week at exorbitant rates and also deducted a processing fee […]
Get Instant PNB Loan Online Follow This Step By Step Guide – Details Here
PNB online loan: Punjab National Bank (PNB) clients should know that they can get a personal loan in an instant. To find out more, interested customers can log on to the official PNB website at pnbindia.in. See Zee Business Live TV Streaming below: PNB recently tweeted from its official Twitter account about getting a personal […]
This holiday season, manage your expenses efficiently with an instant loan
Ganesh Chaturthi and the ten day feast marks the start of the holiday season. This time is devoted to celebrations, special family events and much more. During the months of October to January, it’s quite common to want to spruce up your home, take a family trip, or throw a party. Giving freebies is also […]
ICICI Bank Director in Calcutta Instant Loan Enforcement Case
Hyderabad: Cybercrime Police, CCS Hyberabad Police arrested the bank manager who is the main accused of thawing bank accounts in the instant loan enforcement case. According to the case, Rakesh Kumar Das, former manager of the ICICI Bank Alipore branch in Kolkata, was instrumental in unfreezing the ICICI bank accounts of the co-defendants in the […]
Five Best Instant Loan Apps in Nigeria
Obtaining a loan for personal or professional purposes has become a more transparent process; with a smartphone and an internet connection, anyone with a bank account can apply for a loan at any time and receive it instantly in most cases. Some loan companies even allow you to use a multifunction phone by dialing a […]
Why should India give instant loan for homes instead of personal use?
Three years ago, a close friend of mine applied for a personal loan. While we were socially chatting, he completed the application process. What amazed me was the speed at which his loan was sanctioned and disbursed. It all happened, literally, in a matter of minutes. Yes, he had a long-standing account with the bank […]
Instant Loan App mPokket Appoints New Human Resources Director
Instant loan app, mPokket, which offers loans to students and young professionals, has appointed Sukhpreet Singh as the new head of human resources. Singh will be responsible for leading the HR team, in addition to developing and implementing HR strategies and initiatives aligned with the overall business strategy of the company. To achieve this goal, […]
An instant loan is money that you receive and can use immediately
If you’ve never been faced with an unexpected bill, you haven’t experienced it, you’re struggling since you can’t always pay your bills. When applying for a loan, there is a natural tendency to scrutinize the terms and conditions. For people who are in need of quick cash, instant loans online are definitely an advantage. Quickly […]
Paytm offers instant loan of up to Rs 1000 at zero interest
Paytm has launched Postpaid Mini, which is an extension of its “buy now, pay later” offering. The idea is to offer credit to customers who are new to the credit system. Paytm has partnered with Aditya Birla Finance for this program. As part of this program, Paytm will offer its customers loans ranging from Rs […]
Get an instant loan at 0% interest, pay off after 90 days | Indiafleurit
Are you looking for an instant solution for better management of the emergency cash shortage? In such cases, looking for instant loans at 0% interest might be the most reliable solution! It easily uproots all the hassle of loitering while trying to fund your business or make academic expenses even just to deal with short […]
What is an instant loan?
An instant loan can seem like an easy option when you are in dire need of money and don’t have strong credit. Within a day or two of an instant loan approval – sometimes the same day – you can quickly receive cash to cover unforeseen costs like a car repair or a medical bill. […]
Hyderabad Police File Indictment Against Instant Loan Applications | Hyderabad News
HYDERABAD: Six months after Hyderabad police filed criminal case against representatives of mobile apps offering high-interest loans – allegedly harassing defaulting debtors by defaming them – days ago , the police filed an indictment against the defendants, including those arrested. Chinese national Zhu Wei alias Lambo, in front of the Nampally Criminal Court. Cybercrime detectives […]
Hyderabad cops sue in 30,000 crore instant loan racket | Latest India News
Hyderabad cybercrime police filed an indictment on Friday as part of a ??A 30,000 crore online loan racket, based in China, that has ruined the lives of hundreds of people. The racketeering encouraged borrowers to take out loans in Andhra Pradesh, Telangana, Bengaluru, Chennai and Mumbai and imposed high interest rates on them. “In Telangana, […]
ED Ties Rs 76.67 crore of Chinese Firms in Instant Loan Application Fraud Cases
The Enforcement Directorate (ED) issued a provisional seizure order under the Prevention of Money Laundering Act 2002 (PMLA) tying Rs. 76.67 Crore, lying in various bank accounts and payment gateways regarding Chinese loan application companies and their Indian associates, the agency said in a statement on Tuesday. The federal agency had opened an investigation on […]
Instant Loan Application Case: Director of Financial Firm Linked to Money Lending Application Arrested in Bengaluru
Last month, the government announced a dedicated portal, effective July 1, 2021, allowing sellers to file claims for alleged violation of the Government Procurement Ordinance (Preference to be done in India), 2017 (Representative image) ) A director of a financial services company, connected to a money-lending app, has been arrested in Bengaluru in an investigation […]
Instant Loan Applications, Path to a Debt Trap – The New Indian Express
The Hindi films of yesteryear portrayed the pawn shops as evil characters, whose sole purpose in life was to torture the righteous hero who is unable to repay the loan his father took. A little later, they declared that bank loans are not available to everyone, so poor villagers are trapped in the hands of […]
Thane Police Warn Against Fraudulent Online Instant Loan Apps
Thane: The Thane Police Tuesday warned citizens against several loan applications available on google Play at the store and urged them to be careful when registering. In a notice published by the Thane Police Department officials have informed that in recent times several apps have appeared in app stores, which claim to provide loans to […]
27 more bogus loan apps banned by the government – Trak.in – Indian Business of Tech, Mobile & Startups
Government banned 27 undisclosed digital lending apps in light of multiple cases of conduct violation The Department of Electronics and Information Technology (MeitY) banned 27 undisclosed digital lending / lending applications after receiving a request from the Home Office for the same. The ban was carried out under section 69A of the Information Technology Act […]
Hyderabad cops arrest one more
Hyderabad: Another person was arrested Thursday by Hyderabad Cybercrime Police in connection with the instant online loan fraud case. So far, 21 people, including a Chinese national, Zhu Wei alias Lambo, have been arrested in the case. The person arrested on Thursday was identified as Chinnabba Rajashekar (27) from Mahadevpura in Bangalore, who is the […]
SBI alert! Bank warns customers not to click on links in illicit instant lending messages | Personal finance news
You should be familiar with the instant loan messages that appear on your phone with almost everyone. In today’s generation, everyone needs a loan to maintain a certain lifestyle and that makes that person click on such potentially dangerous links and then later they worry about it when his bank account is emptied. In order […]
Google Removes 100 Scam Instant Loan Apps From Play Store After Indian Government Pressure
In recent times, Google has taken tough action against developers who violate its policies. Last year, he had removed the popular e-commerce payment system Paytm from his store for a short time. Recently, the Indian government and the Reserve Bank of India have started to review various money lending applications. For those who don’t know, […]
Government, Telecom News, ET Telecom
New Delhi: So far, Google has removed around 100 instant loan apps from its PlayStore in the country that were involved in the alleged collection of personal data and its misuse, fraudulent and illegal practices of physical threats and the ‘use of other coercive methods for loan recovery, according to the Ministry of Electronics and […]
Google removed 100 scam instant loan apps in India: government
Google has so far removed about 100 instants loan applications of his Play store in the country who have been involved in the alleged collection of personal data and its misuse, fraudulent and illegal practices of physical threats and the use of other coercive methods for loan collection, according to the Department of Electronics and […]
Cyberabad Police Develop Plan to Check Instant Loan Fraud
Hyderabad: Following recent cases related to instant loan scams, Cyberabad police decided to come up with a plan and set long term goals to check the threat of such loan fraud. Cyberabad Police Commissioner VC Sajjanar and officers from Hyderabad, Cyberabad and Rachakonda police stations dealing with instant loan application fraud held a coordination meeting […]
Telangana HC orders police to block all illegal instant loan apps, arrest those who support them-India News, Firstpost
Releasing the case on March 18, the court also ordered the police to file a progress report on the sanctioning of loans by instant loan applications and recorded cases. Representative image. AFP Hyderabad: Telangana High Court on Thursday ordered state police to take immediate and necessary action against app-based instant money lenders accused of harassing […]
Four others arrested by Hyderabad cops
Hyderabad: Hyderabad cybercrime police arrested four people on Saturday, including directors of two Bengaluru finance companies, for lending instant loans and harassing clients. Those arrested were Niranjan Umapathy, director of Water Elephant Financial Services Pvt Limited and Beadwallet Technologies Pvt Ltd; Yeshi Gyatso, Director of Beadwallet Technologies Pvt Ltd; and Nyichak Dhondup and Usha BM, […]
Instant loan scams are rampant | Herald of the Deccan
Instant loan apps, which lend money in a jiffy with no paperwork, scam thousands of people in Bangalore every day. They are mostly of Chinese descent and are managed with the help of Indian call centers and rogue recovery agents. “The eight cybercrime police stations in Bengaluru regularly receive calls about loan application fraud making […]
Instant Loan Apps Scam, The Chinese Link, Telecom News, ET Telecom
Hyderabad: A month after Telangana police began cracking down on illegal instant loan applications following the suicide of five people, the investigation showed a deeper Chinese connection to the scam. After arresting at least four Chinese nationals for using illegal apps, cops are now investigating the roles of other Chinese. In the latest incident, Cyberabad […]
Instant loan apps trick HR manager into scam
In 5 months, a 25-year-old was forced to download at least 25 applications, each claiming to bail it out from a previous loan; cybercrime cell survey In a ghastly sample of desperation making people gullible, a young HR manager found herself trapped in a financial scam after downloading an instant credit offer that reached her […]
Three inmates in Hyderabad for operating instant loan apps that led to man’s suicide
Police arrested directors and managers of three companies who harassed the victim. Cyberabad police arrested three people on Friday for harassing an instant loan application defaulter, resulting in his death by suicide. A victim of harassment, Chandra Mohan, 36, took 80,000 rupees on 11 instant loan applications, but found himself paying more than 2 lakh […]
Protect yourself from the trap of instant loan applications; SBI warns customers and shares 4 tips | Personal finance news
New Delhi: State Bank of India (SBI) is very active on the microblogging site Twitter and occasionally continues to educate clients on security measures regarding banking, lending, ATM practices and more . The State Bank of India keeps reminding customers of how to adopt certain practices amid growing cases of bank and loan fraud. It […]
Instant loan apps that save Nigerians in need of quick cash • Techpoint Africa
This article is a Press brand Publish. Press brand is a paid service for brands that want to directly reach Techpoint Africa’s audience. The Techpoint Africa editorial team does not write Brand Press content. To promote your brand through Brand Press, please send an email [email protected] Cash-strapped Nigerians are cushioning the effects of a tough […]
Here is why you should be careful with instant loan applications
Google India recently reviewed several personal loan apps on its Play Store and removed those that violated its user safety policies. Recently, several applications that do not appear to be governed by any regulations have appeared online. These apps require basic information from customers and make loans a snap. With these loan applications, says Suman […]
Instant loan application case: Chinese people linked by discussion group | Hyderabad News
HYDERABAD: Chinese national Zhu Wei alias Lambo, who was arrested in the instant loan applications case, told Hyderabad police that he had met Yuan Yuan alias Jennifer, the key person behind four loan companies different snapshot, via a social media discussion group operated by Chinese nationals residing in India. During his in-custody interrogation, Lambo said […]
Google pulls the trigger on instant loan apps
Google India on Thursday removed several instant loan apps from the Play Store for violating its user security policies and is examining hundreds of similar apps for violating the terms of its Android platform, used by 96% of smartphone users in the country. Many of these app-based lenders were attempting to salvage a pile of […]
Instant loan app arrests: what’s the Chinese connection?
Instant loan apps offer quick and easy loans without collateral, but many such apps operate without any regulatory oversight. In fact, some of these apps turned out to be run by Chinese nationals, processing transactions worth millions of dollars. The latest arrest in such a case was made by Rachakonda police in Telangana on January […]
Telangana Police Arrest Another Chinese In Instant Loan Application Case
Telangana police have arrested another Chinese national in connection with the ongoing investigation into the instant online loan applications case. Rachakonda Police Commissioner Mahesh Bhagwat, speaking to media on Wednesday, said HE Jian, alias Mark, 26, from Jiangxi, China, was arrested in Thane, Maharashtra. Jian has been living in India since July 2018 on a […]
SBI warns against digital lending fraud
The State Bank of India (SBI) has warned against loans offered by unauthorized digital platforms, with mobile apps promising a quick and hassle-free process. “Beware of fraudulent instant loan applications! Please do not click on any unauthorized links or provide your details to an entity masquerading as SBI or any other bank. Visit https://bank.sbi for […]
Instant Loan Apps: How Instant Loan Apps Drained Millions of Dollars From Borrowers
While investigating the case, police discovered that the loan application servers were based in China. They raided four companies in Bengaluru – Mad Elephant Technologies, Borayanxy Technologies, Profitise Technologies and Wizzpro Solutions – and arrested two people, including a finance director and a human resources manager. The directors of three of these four companies were […]
Instant loan application fraud case under ED scanner
The ED has looked into suspected cases of instant loan sanction fraud via mobile apps, recently reported by Telangana and Tamil Nadu, as part of its investigation into money laundering in an online betting scam rated at over of 1,100 crore rupees, official sources said. Monday. At least five people, including a software engineer, are […]
Instant loan application fraud case under probe agency scanner
The Chinese nationals ran the call center with the help of the two Indians. (Representative) New Delhi: The ED has looked into suspected cases of instant loan sanction fraud via mobile apps, recently reported by Telangana and Tamil Nadu, as part of its investigation into money laundering in an online betting scam rated at over […]
Instant Loan Application Fraud Case under ED Scanner
Instant loan: The ED has put under its scanner the alleged fraud cases of instant loan sanction via mobile applications, recently reported from Telangana and Tamil Nadu, as part of its investigation into money laundering in a scam online betting set at over Rs 1,100 crore, official sources said on Monday. At least five people, […]
Instant loan application case: man commits suicide, fifth victim in Telangana
A 36-year-old man in Hyderabad reportedly ended his life on Saturday, unable to endure the harassment and humiliation associated with non-payment of instant loans obtained through online applications. G Chandra Mohan, who worked as a supervisor in a supermarket, is Telangana’s fifth victim in the instant loan application in less than a month. He was […]
Explained: What is the case with instant loan applications? How were the victims attracted?
An employee of the Telangana Department of Agriculture and a software engineer committed suicide last week after being humiliated and blackmailed by callers and recovery agents from an instant mobile app loan company. Their personal data was posted by the company on social media and labeled them as failing and used abusive language. What is […]
Instant loan application case: Chinese man arrested at Delhi airport
Hyderabad police have arrested a Chinese national at Delhi International Airport as part of their investigation into illegally operating instant loan applications. Zhu Wei, from Jiangxi, China, was arrested as he tried to leave the country on Wednesday. He is the third Chinese national arrested by Telangana police in this case. A statement by co-commissioner […]
Bengaluru: Another instant loan application company raided, 3 detained | Bangalore News
BENGALURU: Central Crime Branch (CCB) detectives investigating allegations of extortion and blackmail carried out by companies promising instant loans via mobile apps arrested three employees of one of these companies in the city and recovered incriminating elements, including 35 laptops and 218 mobile phones. A preliminary investigation found that the apps were run by Chinese […]
Instant loan app scam: don’t fall prey to unauthorized mobile apps, warns RBI
Consumers should never share copies of KYC documents with unidentified, unverified / unauthorized applications, RBI said. Hindustan Times, New Delhi | By hindustantimes.com | Edited by Poulomi Ghosh The Reserve Bank of India has warned against loans offered by unauthorized digital platforms, with mobile apps promising a quick and hassle-free process. The warning comes amid […]
Instant loan applications: another suicide in Telangana for repayment harassment
A 36-year-old man, who attempted suicide for alleged harassment by microcredit application companies, died five days later while undergoing treatment in Visakhapatnam, Andhra Pradesh, police said . He died on the evening of December 23 at King George Hospital. Following a complaint from his friend, the NTPC Police Station in Ramagundam in Telangana has now […]
How instant loan apps extort borrowers from Telangana
DS Aravind, a Hyderabad resident, borrowed Rs 3,500 from an instant loan app in November, but the finance company, MyBank app, disbursed Rs 2,600 after deducting processing fees and interest. As Aravind repaid on time i.e. one week, the company unlocked more features for him and he furthermore borrowed Rs 30,000, for which he was […]
Telangana Police Say Online Instant Loan Apps Illegal, Will Take Action
Taking seriously various mobile app companies that offer instant loans, Telangana Police said on Friday that there are at least 60 such loan applications available on the Google Play Store that are not registered or recognized by the Reserve. Bank of India as NBFC and their operations were illegal. Telangana DGP office response comes in […]
Get an instant loan with HBL PersonalLoan on HBL Mobile. Here’s how – Sponsored
The service is currently available for some customers. With customer lifestyles changing with today’s fast-paced world, HBL has transformed the way loans are received by fully digitizing the process, backing it with cutting edge technology. With HBL Personal Loan through HBL Mobile, users can receive loan approvals and disbursements in less than a minute, which […]
What is the best application to get an instant loan?
Every once in a while a financial emergency arises – a car in need of repair, a home appliance that has gone bad and needs to be replaced, a school project, travel funds, or a sudden illness in the family. These and other scenarios often require you to turn to your wallet or savings account […]
Instant loan approval for the purchase of a dream home through the app
The exhilaration of finally owning your dream home is one of life’s most celebrated moments. However, the reality of finding and settling in a dream home is a long road – a rocky road to finding a bank, getting mortgage approval, and all the tedious frustrations that come with those steps. This could be a […]