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The Court noted that such apps offer loans and demand repayment at a rate as high as 16-20 times the EMI, and threaten borrowers that they would leak the contents of their smartphones.
Kenya’s borrowers, mostly low-income, have complained of harassment when they delay payments by only a day.
Google to ban Fraud Loan Apps, issues strong statement after various deaths According to Google, they reviewed hundreds of personal loan apps in India, based on flags submitted by users and government agencies. Share Updated: Jan 14, 2021, 04:29 PM IST Google has removed hundreds of personal loan apps in India from Play Store for violating the user safety policies. According to Google, they reviewed hundreds of personal loan apps in India, based on flags submitted by users and government agencies. However, Google did not elaborate on the number of apps that had been taken down. The company...