DiscoverThe Morning BriefLoans Over Phones: App-solute Menace
Loans Over Phones: App-solute Menace

Loans Over Phones: App-solute Menace

Update: 2022-07-281
Share

Description

More than one in two Indian consumers who use instant loan apps are vulnerable to extortion and data misuse, as per a report by LocalCircles. How easy is it for instant loan apps to be available on the play store? Why is there no licensing requirement or legal authentication, or verification done on these digital lenders? As a customer how can you spot these fraudulent dial-a-loan apps and how does the RBI take prompt steps to curb the misuse? Dia Rekhi talks with Beni Chugh, Research Manager at Dvara Research, and Rajesh Narain Gupta, Managing Partner, SNG & Partners to figure out about this growing digital menace.

See omnystudio.com/listener for privacy information.

Comments 
00:00
00:00
x

0.5x

0.8x

1.0x

1.25x

1.5x

2.0x

3.0x

Sleep Timer

Off

End of Episode

5 Minutes

10 Minutes

15 Minutes

30 Minutes

45 Minutes

60 Minutes

120 Minutes

Loans Over Phones: App-solute Menace

Loans Over Phones: App-solute Menace

The Economic Times