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List of Fake Loan Apps


Most people end their lives because they could not bear the harassment of non-payment of instant loans obtained through online applications. Some people are attracted to the available loans and the reasons can be many. Police have consistently urged borrowers to file complaints of harassment and public humiliation by app-based money-lending companies.

A few days ago, a man from Hyderabad committed suicide as he was unable to bear the harassment from the app operators. He committed suicide because he did not repay the amount.

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

Last year, six people committed suicide in Telangana due to harassment by online apps. As many as 50 cases of harassment have been reported by police stations in Hyderabad, Cyberabad and Rachakonda.

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