Thane Police Warn Against Fraudulent Online Instant Loan Apps

Thane: the Thane Police Tuesday warned citizens against several loan applications available on google Play store and urged them to exercise caution when registering.

In a notice published by the Thane Police Department officials have informed that in recent times several apps have appeared in app stores, which claim to provide loans to users in a quick and hassle-free manner. Through these applications, users can avail a loan of Rs 2000 to even Rs 60,000. However, the appropriate information on debt repayment is usually not clearly mentioned in these applications.

Not only that, but as soon as users log in, these apps also have access to their galleries and phone contacts, which can then be misused.

“A few days after depositing the loan amount into the user’s bank account, the app starts sending continuous prompts to repay the money. And if that fails, these apps misuse the information obtained. on the user’s phone to harass and defame them. social media and phone calls, ”the notice read.

“This causes immense mental stress and trauma for the user which only further deceives him. Thus, citizens must be careful when trusting these applications and carrying out monetary transactions on the Internet,” he said. he adds.

During the lockdown, several cases of online banking fraud and fax fraud emerged. The Indian government has also warned people against downloading and trusting unauthorized apps in app stores and should instead transact using only apps that have received a green signal from the Center.

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