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If you are also trapped in the trap of Instant Loan, then be alert like this, know how RBI will help you?

by Kavita Nagar
September 7, 2024
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Utility News Desk !!! These days a word is being seen a lot, instant loan app. This is a medium through which a small amount loan can be taken in 5 minutes without any paperwork. That is why today the youth of India are getting attracted to these apps. Loan is available in 5 minutes, but among these apps there are many apps which can go to any extent for loan recovery. Also, China connection of some apps has also been found, which are hacking your phone. What are your rights in this situation? What can you do after getting caught in the trap? Let us tell you about all this.

The Reserve Bank of the country has always taken a strict stand on these apps. In collaboration with Google, more than 3 thousand fake apps have been removed from the Play Store. But if you have fallen into their trap while looking for money for important work, then there is no need to worry. RBI has opened a portal named ‘Sachet’. In which you can complain about these apps. The link is Sachet (rbi.org.in).

More than 60 people have committed suicide due to these apps. These are the cases that have come to light. The figures for those who are not visible are different. That is why the government also appeals to the people to stay away from them first, but if you have to take a loan, then choose the app only after looking at the reviews and ratings.

Not all apps are fake. But many of those apps have connections with China. Which can blackmail you by stealing your data. However, the government detects such apps from time to time and takes action against them. But new apps keep coming on Google’s Play Store every day.

If you need a loan, try to get money from your home, family or relatives. If not, you can take a loan from the bank. If you are also not getting a loan from the bank, then go to the instant loan app only after complete information. Yes, there is no need to take any step in haste.

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