Digital lending can be convenient — but following these expert tips will help you avoid costly mistakes.
Instant loan apps offer quick and hassle-free access to funds when you need them the most. But choosing the right one is crucial for a smooth borrowing experience. Learn the key factors to consider—from competitive rates to privacy measures—to make an informed decision.
This is the first time when an Indian non-banking financial company has been slapped with a fine for running a loan app.
Today’s illegal loan apps are nothing but tech-enabled avatars of the old local moneylenders
These entities have, so far, remained outside the direct ambit of the central bank and were instead under the stewardship of banks and non-banking financial companies they partnered with
The aggressive loan canvassing by NBFCs and loan app companies are a lure to the young to take the plunge. Often, they don’t understand the risks
'If they (borrowers) don't repay, they start harassing all the contacts with calls and lewd pictures that are morphed,' the Zerodha boss wrote.
The move may push many digital lenders to apply for NBFC licences. While the crowded retail lending segment faces overleveraging risk with the entry of more players, the MSME space stands to benefit
A cloth trader and a Mumbai-based journalist were also harassed in a similar manner, with loan recovery agents circulating their morphed pictures showing them in compromising positions with women. Both persons have registered police complaints.