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Explained: What is the instant loan apps case? How were the victims lured?


Explained: What is the instant loan apps case? How were victims lured?
It is a racket in which instant personal loans are offered through mobile apps at exorbitant interest rates by unauthorised lenders.
Written by Sreenivas Janyala
, Edited by Explained Desk | Hyderabad |
Updated: December 31, 2020 1:28:44 pm
Of the numerous apps that are available on Google PlayStore, most do not have any tie-up with any banks or Non-Banking Financial Institutions.
A woman employee of Telangana Agriculture Department and a software engineer
died by suicide last week after they were humiliated and blackmailed by tele-callers and recovery agents of a mobile app instant loan company. Their personal details were posted by the company on social media and labelled them defaulters and used abusive language. ....

Andhra Pradesh , Sharath Chandra , Mastermelon Cashtrain , Google Play Store , Credfox Technologies Pvt Ltd , Onion Credit Pvt Ltd , Fox Technologies Pvt Ltd , Telangana Agriculture Department , Non Banking Financial , Loan Zone , Dhana Dhan Loan , Mera Loan , They Fish , Cash Elephant , Water Elephant , Instarupee Loan , Flash Rupee Cash Loan , Repay Loan , Loan Bazaar , Cash Post , Cash Port , Pro Fortune Bag , Rupee Loan , Udhaar Loan , Onion Credit , Credfox Technologies ,

AP CID identifies 30 problematic loan apps, issues remedies


AP CID identifies 30 problematic loan apps, issues remedies
​ By
IANS
|
Published on
​ Wed, Dec 23 2020 23:27 IST
|
​ 0 Views
AP CID identifies 30 problematic loan apps, issues remedies.. Image Source: IANS News
Amaravati, Dec 23 : In the light of some app-based lenders harassing a few debtors by deploying brutal recovery tactics, the Crime Investigation Department (CID) of Andhra Pradesh police has identified 30 such problematic instant digital loan apps on Wednesday and listed out the guidelines on how to tame them.
The troublesome apps include QuickCash, Kissht, LoanCloud, InstaRupee Loan, Flash Rupee-Cash Loan, MasterMelon, Cashtrain, GetRupee, ePay Loan, Panda, iCredit, EasyLoan and RupeeClick. Others include OCash, Cashmap, Snapit, RapidRupee, ReadyCash, Loan Bazaar, Loanbro, Cash Post, Rupeego, Cash Port, RsRush Pro, Fortune Bag, Rupee Loan, Robocash, Cash TM, Udhaar Loan and Credit Free. ....

Tamil Nadu , Jagan Mohan Reddy , Crime Investigation Department , Information Technology , Andhra Pradesh , Instarupee Loan , Flash Rupee Cash Loan , Repay Loan , Loan Bazaar , Cash Post , Cash Port , Rsrush Pro , Fortune Bag , Rupee Loan , Udhaar Loan , Mohan Reddy , Minister Jagan Mohan Reddy , Information Technology Act , தமிழ் நாடு , ஜெகன் மோகன் சிவப்பு , குற்றம் விசாரணை துறை , தகவல் தொழில்நுட்பம் , ஆந்திரா பிரதேஷ் , ஃபிளாஷ் ரூபாய் பணம் கடன் , செலுத்த கடன் , கடன் பஜார் ,