October 12, 2026 4:12 PM
‘Loan in 5 Minutes’ Offers Can Ruin Lives: Beware of Fake Apps
As digital lending grows in India, the threat posed by fake loan apps is also increasing. Apps claiming to offer loans within minutes without documentation can lure people into a trap with promises of easy money. They may be used not only for financial fraud but also to obtain personal data, blackmail, threaten and harass users. Watch here: https://youtu.be/I5e9bcBJ450?si=Gp8kDRYOIvuibu6F The lure of ‘no documents’ and ‘loans in 5 minutes’ Fake loan apps commonly reach people through ...