This article is related to online Personal Loan provider apps in Pakistan. This article may also be useful for foreign countries like India, Sri Lanka, Nepal, etc. All those facts in this article are narrated word by word by actual victims. We will reveal the secret of how online Personal Loan apps in Pakistan are conning people and we will also tell you in detail how they treat these people after giving Personal Loans money? Warning: Online Financial Loan Apps Fraud in Pakistan | Loan Apps Stealing Your Data Exposed
How to get a Loan From Online Personal Loan Apps?
There are many apps in Pakistan and some neighboring countries that provide easy installment Personal Loans to people. To get a Personal Loan from these apps, users have to follow a few steps and must enter their real information as per the terms and conditions in the Personal Loan application form. After installing any lending app, after entering the basic information, the app usually asks you for certain permissions, including access to the contact list on your mobile phone and gallery permission. Online Personal Loan apps claim that they do this only to provide their services to users in a better way.
You cannot do any kind of forgery in any lending app i.e. whatever information you enter must be 100% correct. If you enter any information related to any type of adoption, your Personal Loan application will not be accepted. Therefore, to get a Personal Loan, the information you provide must be 100% correct.
How Personal Loan Providing Apps Caught People?
Online Personal Loan apps prey on common people in various ways. You have usually noticed that whenever you visit YouTube to watch videos on YouTube, before playing your required videos, YouTube plays an ad that sometimes includes ads for lending apps. Similarly, whenever you try to access a website on Google to download any kind of application other than the Play Store, you may see such advertisements on that webpage.
The advertisement states that the company offers you easy installments for a long period of time, such as a month or more up to 3 months, for some percentage interest (1% to 10% only). That is, the company has to repay the Personal Loan in the middle of the period provided by the company. Apparently, these companies advertise that they give you a period of one month to 180 days to repay the Personal Loan. And the interest rate on the Personal Loan stated by the company is a few percent.
But actually, the company gives you a Personal Loan at an interest rate of around twenty percent. And the Personal Loan repayment period is limited to one week. After a week the Personal Loan company calls your number and asks you to pay off the Personal Loan. Hearing this, you may feel overwhelmed because the company has provided you with a long period of time before granting the Personal Loan. But in reality, it is the opposite. When you tell the company about your information about what you saw in the ads, the company tells you that it's all limited to the ads, but the policy is different.
How do Personal Loan companies blackmail people into repaying Personal Loans?
When you know the real policy and reality of the company, time is out of your hands. For which a proverb is very famous.
"THERE IS NO USE CRYING OVER SPILT MILK"
Now the company will start calling and disturbing a list of all your contacts that you have given to the company by giving permission to the company for Personal Loan repayment after installation of the Personal Loan app and before applying for a Personal Loan. starts Now, since you have become their victim, you cannot spoil anything in response. Now in this stage, a deal is made between you and the online lending company in which the company tells you that if you are unable to repay the Personal Loan amount, you can pay a part of the interest amount on the Personal Loan to the company through easy money. Now that you are forced, you send them part of the money.
Remember: that the amount you will pay is considered interest on the actual amount. Your real money stays there. This means that if you have taken a Personal Loan of 10,000 rupees, then if you return the amount after a week, it is taken as twenty percent interest on that RS= 10,000/- real amount. That is, ten thousand rupees is still as it is to be paid. You are paying them an interest price rather than the real amount you need to pay.
Now as you are in their hands, you can not do anything in reaction to this act against that Online Personal Loan App. You do not have any choice because according to the Ehsan Kamboh Independent research, you are totally bound to them because they have already stolen all your contact lists and your gallery data including your personal pictures like family photos. If you will do anything in return then the company will definitely destroy privacy.
List OF the Online Instant Loan Scam Apps In Pakistan:-
- EasyLoan Personal Loan Online
- Fori Qarz Online Personal Loan
- PK Loan Personal Online Loan
- AsaanLoan-Personal loan in PK
- AiCash - Easy Credit Personal
- Barwaqt - Loan Money Cash
- RapidCredit
- FORI MONEY-credit loan
- Golden Rupiye
Beaware of the Fake Instant Loan Apps in India
- UPA LOAN
- SAMAY RUPEE
- MINUTE CASH
- 66 CASH
- GOLDMAN PAYBACK
- LEND MALLW
- BUS RUPEE
- KOKO LOAN
- HANDY LOAN
- SILVER POCKET
- OB CASH LOAN
- LOAN RESOURCE(DISI)
- RUPEEKING
- BHARAT CASH
- ONSTREAM
- CASH HOLE
- MI RUPE
- MONEY MASTER
- KASH LOAN SMALL LOAN
- EASY BORROW CASH LOAN
- ONE LOAN CASH ANY TIME
- EASY LOAN
- IND LOAN
- EXPRESS LOAN LOAN DREAM
- WARN RUPEE
- RUPIYA BUS
- WALLET PAYEE
- SMART COIN
- INSTA MONEY
- CASH GURU APP
- RUPEE LOAN FLASH LOAN MOBILE
- LUCKY WALLET
- SLICE PAY
- GOLD CASH
- UPO LOAN.COM
- LOAN CUBE
- ORANGE LOAN
- RUPEE STAR
- BUDDY LOAN
- I KARZA
- ANGEL LOAN
- WOW RUPEE
- CASH MINE
- MONEY STAND PRO
- LOAN SATHI
- CASH PARK LOAN
- TYTO CASH
- POKEMONEY
- SHARP LOAN
- HOO CASH
- MY CASH LOAN
- QUALITY CASH
- DAILY LOAN
- FIRST CASH
- SIMPLE LOAN
- LOAN LOJI
- SKY LOAN
- CLEAR LOAN
- CASH MACHINE LOAN
- FORPAY APP
- MO CASH
- RUPEE BOX
- FOR PAY
- RUPEEPLUS
- JO CASH
- SMALL LOAN
- MINUTE CASH
- DREAM LOAN
- BEST PAISA
- RICH
- FAST PAISA
- CASH STAR MINISO RUPEE
- HELLO RUPEE
- LOAN GO
- MORE CASH
- CASHPAL
- HOLIDAY MOBILE LOAN
- ASAN LOAN
- CASH BOOK
- FORTUNE NOW
- PHONE PAY
- LIVE CASH
- HAND CASH FRIENDLY
- CREDIT WALLET
- PLUMP WALLET
- FAST RUPEE
- LOAN
- POCKET BANK
- CASHCARRY LOAN APP
- LOAN FORTUNE
- BELLONO LOAN
- LOANZONE FAST COIN
- CRAZY CASH
- CASH POCKET
- KOKO LOAN
- QUICK LOAN APP
- INSTA LOAN
- RELIABLE RUPEE CASH
- STAR LOAN EASY CREDIT
- ROCKET LOAN
- APNA PAISA
- EARLY CREDIT APP
- RUPEE MAGIC
- COIN RUPEE
- EAGLE CASH LOAN APP
- ATD LONE
- RUSH LOAN
- CASH ADVANCE
- CASH CARRY APP
- TREE LONE
- BELLONO LOAN APP
- CASH PAPA
- CASH PARK
- BALANCE LONE
- AGILE LOAN APP
- LOAN CUBE
- RICH CASH
- CASH BOWL
- CASH ADVANCE 1
- HAND CASH
- FRESH LOAN
- CASH CURRY
- INCOME
- LOAN HOME SMALL
- BETWINNER BETTING
- CASH MACHINE
- I CREDIT
- RUPEE MALL
- CASH POCKET LIVE CASH
- WEN CREDIT
- SUN CASH
- CASH COLA
Case registered for blackmailing after Paying full amount of loan in India - Get Loan App
There was a Case in Hiryana a state of India recently have charged that company is threatening and asking for the money even the money is repaid for the original loan got by instant online loan apps
Despite repaying the full amount of Panchkula loan, a case of blackmail on the part of the lending company has come to the fore. The police have registered a case at Sector 14 police station on the complaint of the victim's father. Sector-17 resident Vijay Kumar told the police in the complaint that his son Mohit Garg had taken 7000 loans in June 2022 from the app named Get Cash, which was repaid. After this he started demanding arbitrary money from the son. At the same time, he threatened to be implicated in a false case.
How to Perform any Legal charges Against Personal Loans Apps?
Pakistan has a department special to deal with cyber crimes (FIA). It is also a part of cybercrime. FIA is responsible for all internet fraud and online issues in Pakistan. If you will take any action against that company, the FIA will not do anything strict against the company though they will settle for both of you. FIA is only charging salaries from the government for their duty not for serving the normal public.
What You should do Against scam Apps on Google Play Store?
Google is always trying to provide a better environment for people. Google has also facilitated people to report any application available on the Google play store. You have to do is only visit the play store and then type the application name which has done a scam with you now click on the flag on the top bar and then decide the category of the app and report that app. Google will try to look into that app and will remove the application if it will be against the community or publisher policies.