Google India has removed personal loan apps from its PlaySto

Google India has removed personal loan apps from its PlayStore that violated safety policies


Google India has removed personal loan apps from its PlayStore that violated safety policies
Google India has removed personal loan apps from its PlayStore that violated safety policies
The development comes after users and government agencies flagged hundreds of loan apps on Google PlayStore in India.
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(Picture: Reuters)
HIGHLIGHTS
Google India has noted that it allows personal loan apps with full repayment required in greater than or equal to 60 days from the date the loan is issued.
Google noted that the apps that were found to violate its user safety policies were immediately removed from the PlayStore.
According to a report, some loan apps were charging an interest rate as high as 60 per cent from borrowers.

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