India
oi-Prakash KL
In
the
last
two
years,
Maharashtra,
Karnataka,
Delhi,
Haryana,
Telangana
and
Andhra
Pradesh
are
some
of
the
states
where
the
maximum
cases
of
loan
app
harassment
are
reported.
New
Delhi,
Jun
5:
The
number
of
complaints
pertaining
to
scams
involving
loan
apps
has
gone
up
exponentially
in
2021
and
2022.
Thanks
to
the
smartphone
craze
and
dirt-cheap
data
plans,
people,
who
are
in
need
of
money,
are
falling
prey
to
unauthorised
loan
apps.
Modus
Operandi
People
are
lured
by
promising
a
higher
loan
amount
without
paperwork.
Customers
will
get
the
money
instantly
but
less
than
the
promised
sum.
As
the
customer
installs
the
app,
it
will
have
access
fo
sensitive
information
of
the
customer.
Loan
Apps:
How
not
to
fall
prey
to
online
fraud?
It
will
gain
access
to
phone
contacts,
gallery
and
other
information.
Using
this
information,
the
company
will
adopt
harsh
recovery
tactics.
The
loan
agents
will
abuse
and
harass
the
customers
and
will
go
up
to
the
extent
of
calling
the
friends
and
relatives
of
the
customers
from
their
contact
list.
In
some
cases,
customers
died
by
suicide
after
cyber
fraudsters
allegedly
circulated
morphed
photos
for
failing
to
repay
loans
taken
through
an
instant
loan
mobile
app.
…
