Let me explain something quickly, if something is too good to be true then it probably is!

Just this month an INR 300 crore fraud ring run by 15 Chinese loan lending Apps was busted in Uttarakhand.

Do not be allured by the promises of interest-free loans found across the web unless you don’t mind your very own rule 34-based pictures and videos being distributed to all your contacts. Once scammed the likelihood of getting your money back is unlikely.

So don’t let yourself be scammed, here are a few pointers you should look out for while installing any loan apps:
👉🏻 Check if the loan app is affiliated with an NBFC/Bank registered under the RBI. If not avoid them like the plague.
👉🏻 Verify at the NBFCs website linked to the loan app on whether the app is truly affiliated with them.
👉🏻 If the app does not do a KYC and approves you for a loan with minimal verification rest assured you are being scammed and promptly delete the app.
👉🏻 Don’t go agreeing to all the permissions in a hurry while setting up the app. Do not ever permit such apps to access your contacts or gallery.
👉🏻 And most importantly- Follow your man Finance with Sharan.

свернуть