The Covid-19 pandemic has led to layoffs and pay cuts, leading to financial instability for large numbers of Indians. Affected people have resorted to instant personal loan apps, which help to borrow money with minimal background checks. Life went on as usual for a while for most borrowers, but soon some of them started getting […]
Fairmoney is a digital bank that makes it easy to apply for a loan and have it delivered to your bank account within minutes. The features of Fairmoney loan app are quite similar to other instant loan apps except for some noteworthy features. The simplicity of the application, instant loan disbursement with no collateral needed, […]
CoinSwitch Kuber, one of the largest crypto exchanges in India, has reportedly faced a raid from the Enforcement Directorate (ED). According to a report by the Economic Times, based on source entries, five premises linked to CoinSwitch Kuber were probed as part of ED’s investigation of money laundering in instant micro-loan applications. CoinSwitch Kuber, which […]
Instant loan apps are transforming the financial landscape using technology, and people are making the most of it. Developed by NBFCs and banks, instant loan apps are registered with the Reserve Bank of India. The loan application process in instant loan apps are completely hassle-free. The fintech sector in India is booming. Online mechanisms are […]
Bangalore, first published Aug 22, 2022, 4:32 PM IST A instant loan may seem like the perfect remedy if you’re in a sticky situation. With no credit checks, no collateral, and fast approval times, this type of loan may seem like a quick fix to your short-term financial problems. However, before diving into the world […]
Hyderabad: In a bud to crack down on instant loan app networks that have turned into a death trap for borrowers, Hyderabad police are taking steps to get in touch with Nepal police to ‘crush’ the network of these illegal businesses . Hyderabad Police, which investigates loan application cases, got wind of call centers operating […]
Police say app operators may have had access to a photo of the woman through a lender’s gallery the app had access to Police say app operators may have had access to a photo of the woman through a lender’s gallery the app had access to In another case of harassment by the alleged operators […]
Express press service KOCHI: After the fake loan apps, cyber fraudsters moved on to phishing by circulating text messages in the name of a cooperative bank based in Wayanad promising instant loans. Experts say the links, sent to thousands of people, are connected to a Chinese server. More than 2 lakh people in Kerala and […]
The notion of short term loan is becoming popular these days in our country. These loans are available both online and offline. If your credit score is correct, you can qualify for a instant loan online without any hassle. This makes life so convenient for loan seekers. Due to this convenience, online instant loan application […]
Getting a loan today is not a difficult task. If your documents are correct, getting the loan is simple. Any bank or NBFC will check a client’s CIBIL score before approving a loan against a PAN card. […]
Traditional banks typically process personal loan applications over a long period of time, and lenders charge high interest rates, making the process risky. Personal instant loan apps that provide safe and hassle-free instant cash loans in India within 1 hour have proven to be a brilliant idea in all this financial setup. Several companies have […]
PTI, July 29, 2022, 1:54 PM IST Representative image (Source: Pinterest) Mumbai: Mumbai Cyber Police have arrested 14 people who were part of a racketeering involved in harassing people through mobile phone apps offering instant loans, an official said on Friday. Cyber police froze 350 bank accounts, including Rs 14 crore and cryptocurrency worth $2.17 […]
The latest revelations about the mysterious disappearance of Nishank Rathore, a 20-year-old BTech student from Madhya Pradesh, suggests the youngster was going through mental stress as he was unable to repay lenders. The police investigation revealed that Rathore had taken out several small loans from friends and instant loan apps, and was unable to repay […]
Call the Cybercrime Helpline – 1930 or 112 or contact CEN Police Station – 0821-2418598/ 94808-02263 Mysore/Mysore: As science and technology advance rapidly, disbelievers seek new ways to rob people of their money and other possessions, and Mysuru City is witnessing an increase in cases of cheating in the name of loan applications. In one […]
By Express press service HYDERABAD: Alleged torture of instant loan app operators has claimed the life of another person in the city. Y Sudhakar, a firefighter working with the Telangana Fire Department and delegate to the Chandulal Bharadari fire station in the city, committed suicide. His body was found on the train tracks near Shivarampally […]
Hyderabad: A 24-year-old woman reportedly committed suicide at her residence in Guntur district, Andhra Pradesh on Monday. In a recorded message before taking the extreme step, she said she owed money to an instant loan app and was harassed by her debt collectors to replay the amount, threatening to post her morphed nude photos online […]
KARIMNAGAR: Two youths have died by suicide, allegedly unable to bear the harassment of debt collectors from an instant loan app and online gambling site here in the former Karimnagar district. The victims were identified as Dathu Prashant (25), working as a supervisor at Singareni Collieries Company Limited (SCCL) and Tarun Reddy, an intermediate student […]
More than one in two Indian consumers who use instant loan apps face sky-high interest charges, extortion and misuse of data, as the Reserve Bank of India (RBI) takes a tough stance against unregistered digital lending apps, according to a new report released Tuesday. . While 58% of citizens said they had taken out a […]
More than one in two Indian consumers who use instant loan apps face sky-high interest charges, extortion and misuse of data, as the Reserve Bank of India (RBI) takes a tough stance against unregistered digital lending apps, according to a new report released Tuesday. . While 58% of citizens said that when they or […]
Despite the Reserve Bank of India (RBI) crackdown on “illegal” digital loan apps, instant loan apps are still popular among Indian users. According to a report released today by community-based social media platform Local Circles, these apps continue to charge customers interest rates of up to 500% and use extortion methods to collect money from […]
Hyderabad: The investigation into the Chinese instant loan app case is at an impasse, with city police tracing calls from company executives in Nepal. According to the police, the loan application companies moved their base to Nepal, Bhutan and the Philippines following the arrest of a few owners of these companies in India who were […]
CASHe has launched a line of credit service using its AI-powered chat capability on WhatsApp. With this feature, customers can get a loan in 30 seconds. Check the details here. WhatsApp users will now be able to get instant loans just by typing their name in 30 seconds. An industry-first line of credit service has […]
Now get instant loan on WhatsApp in 30 seconds: WhatsApp has launched a special credit function in the name of the leader CASHe credit company. This function is specially intended Whatsapp Business users. Thanks to this feature, users of the WhatsApp trading platform will be able to obtain a loan in just 30 seconds.Also Read […]
Instant Loan On WhatsApp In 30 Seconds!!! Financial company CASHe has launched a unique credit facility for WhatsApp Business users. With this facility, Whatsapp Business account holders can take out a loan in just 30 seconds. Its particularity is that no document will be required to take out the loan. A loan application will not […]
Vishal Diwan, an IT professional, urgently needed ₹12,000 last October and that’s when he came across online ‘instant loan’ apps that promised him money ‘instantly’, without the hassle of lengthy documentation. “I had never applied for a loan, so I thought of trying loan apps. I found five apps and applied for a loan for […]
India oi-Prakash KL | Updated: Tuesday, June 7, 2022, 10:03 AM [IST] In the past couple of years, Maharashtra, Karnataka, Delhi, Haryana, Telangana and Andhra Pradesh are some of the states with the highest number of loan application harassment cases reported. New Delhi, June 5: The number of complaints about scams involving loan apps has […]
You could have racked up high credit card debt during the pandemic. Well, you are not alone. There are many others too, who could have done so, due to layoffs, job losses, increased hospital and medical costs, among others. Since credit card debt carries heavy charges and penalties, you might feel a heavy burden on […]
The country’s largest lender, (), has announced the launch of Real Time Xpress Credit (RTXC) on its YONO platform with the aim of digitally empowering customers. Say yes to your dreams! Introducing Real Time Xpress Credit (RTXC) for our eligible employee customers. Easy and… https://t.co/PPa4G3W8yl — State Bank of India (@TheOfficialSBI) 1653310799000 According to the […]
SBI Real Time Credit Xpress: India’s largest public sector lender, the State Bank of India, or SBI, recently announced the launch of its flagship personal loan product Real Time Xpress Credit (RTXC) on its YONO app. The move is aimed at providing more convenience to customers and digitally empowering them so that they do not […]
Vadodara: The city’s cybercrime detectives have received another cheating complaint regarding an instant loan application. In the third such complaint received by cops in the past week, the 26-year-old Subhanpura resident filed a complaint against an unidentified person for harassing her and altering her photos. The woman told police that last year she took a […]
HYDERABAD: Despite police crackdown, harassment of people on loan through instant loan apps continues unabashedly in the city. In the first two weeks of May, police filed six lawsuits against loan collectors for allegedly threatening to rape women, posting nude photos online and circulating altered photos and videos among contacts, s they weren’t repaying the […]
Mumbai: HDFC has integrated WhatsApp into its core system to allow potential borrowers to apply for and receive mortgage in-principle approval within two minutes. The company has partnered with Cogno AI to make a formal application and “one-time offer” possible through a conversational stream. The offer is reserved for employees. Apart from the convenience, the […]
MUMBAI: HDFC has integrated WhatsApp into its core system to enable potential borrowers to apply for and receive principal mortgage loan approval within two minutes. The company has partnered with Cogno AI to make a formal application and “one-time offer” possible through a conversational stream. The offer is reserved for employees. Apart from the convenience, […]
Vadodara: A 28-year-old woman filed a complaint of cheating and harassment at the cybercrime police station. Asha Patel (name changed) had downloaded a mobile app and taken out a loan between April 29 and May 5 this year. She told the police that she returned Rs 22,048 including principal and interest. But the accused kept […]
Hyderabad: The city police’s cybercrime wing had cracked down hard on businesses in 2021 that were involved in providing instant loans; loan recipients were harassed by the companies because of which many gullible people were forced to commit suicide. After the police crackdown, it was found that most of the businesses involved Chinese people who […]
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, […]
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, […]
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 […]
If demonetization helped India to “accept” digital paymentsthe Covid-19 pandemic further accelerated the growth of the segment. In fact, India is one of fastest growing fintech markets in the world. The increase in internet penetration has led to the rapid adoption of the products of the new era of Banking, Financial Services and Insurance (BFSI), […]
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 […]
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 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, […]
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. […]
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 […]
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 […]
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(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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 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 […]
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 […]
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 […]
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 […]
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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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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, 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, […]
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 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 […]
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 […]
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: 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 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, […]
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 […]
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 […]
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: 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 […]
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: 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 […]
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 […]
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, […]
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 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 […]
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 […]
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 […]
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 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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]