Fake Loan Apps List

Most of the people are ending their lives as they were unable to bear the harassment over the nonpayment of instant loans availed through online apps. Some of the people get attracted to the avail loans and the reasons may be many. Police have been constantly urging the borrowers to lodge complaints about the harassment and public shaming by app-based money lending firms.

A few days ago, a Hyderabad man committed suicide as he was unable to bear the harassment by the app operators. He killed himself since he failed to repay the amount.

Telangana State Police took to its Twitter and shared a complete list of fake loan apps. Here is the tweet made by Telangana State Police.

#FakeInstantLoanApps
Beware Of Fake Instant Loan Apps:137 Quick Loan Providers Under RBI’s Scanner.
Check The Complete List of Fake Loan Apps. pic.twitter.com/t5vQViKYSH

— Telangana State Police (@TelanganaCOPs) April 23, 2022

In the last year, six people committed suicide in Telangana due to harassment by online apps. As many as 50 cases of harassment were reported from Hyderabad, Cyberabad, and Rachakonda police commissionerates.

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