Several borrowers claim that these fraudulent apps have a notorious history of charging unethical interest rates, and they even used to threaten borrowers to pay exorbitantly high interest rates
Amid the rising cases of harassment by predatory loan applications, Zerodha founder and CEO of Nithin Kamath cautioned people of these shady and illegal predatory loan apps. “If you are a victim of harassment, file a complaint at https://cybercrime.gov.in or call 1930. We have laws that protect you from harassment,” said Kamath in the tweet., Personal Finance News, Times Now