January 2021

Three are from different companies that offer loans through mobile phone apps Three people, including the director of an application-based instant loan company, were arrested by Pet-Basheerabad police on Friday in connection with the…

Almost two months after the death of a television writer suicide due to alleged bullying through mobile loan app moneylenders, his family received threats for loans he never took or paid back in full. Charkop Police have now registered an…

A large percentage of instant loan applications have the same software backend, but a different frontend brand. Chinese investors then bring these applications to India with proxy administrators.Bhumana Prasad, a resident of Hyderabad,…

Express news service KOZHIKODE: Cash-strapped Rohith (name changed) from Kozhikode borrowed 10,000 rupees from a Chinese app-based lender for six days in April last year. He had to repay Rs 21,000, including interest.…

Another case of suicide due to harassment by unauthorized digital loan mobile apps was reported in Telangana on Friday. In Rajanna-Sircilla district, a 24-year-old ended his life by hanging himself from a ceiling fan. This is the sixth…