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Big Story | Five cautions against money-lending apps Satya Sontanam BL Research Bureau | Updated on January 09, 2021 Digital money-lending platforms may be hassle-free and convenient, but look before you leap Digital platforms claiming to offer hassle-free loans to individuals, small traders and other borrowers are in the news these days. On the sunny side, the loan processing is quick and entirely online under these apps. All that the user has to do is submit a photo ID, Aadhaar number and take a selfie for authentication. However, there have been several complaints against some of these lending platforms, lately.   They primarily relate to exorbitant interest rates, non-transparent methods of calculating interest, harsh recovery measures and unauthorised use of personal data.

Andhra pradeshSatyam kumarHyderabad policeKnow your customerFair practices codePlay storeLoas through appMoney lending appMoney lending fraudOnline money lending fraudஆந்திரா பிரதேஷ்சத்யம் குமார்ஹைதராபாத் போலீஸ்தெரியும் உங்கள் வாடிக்கையாளர்நியாயமான ப்ர்யாக்டிஸஸ் குறியீடுவிளையாடு கடை