A new type of degree in a short-term loan based on the app


Ahmedabad. Monday 28 September 2020

A number of 'fintech' startups have started in India in the last few years. This type of startup is known as 'FinTech' as ​​it combines finance and technology.

Fintech startups have many types of business, one of which is to offer short term short term loans based on the app. Loans can be obtained from a bank or other financial institution in India, but usually require a variety of documents. Landing apps are becoming more and more popular as there is no such clutter. But now it is coming out that a new kind of title is emerging for those who take advantage of such apps.

The government had declared a moratorium during the lockdown but after its completion, the landing app has started collecting dues and technology is helping them.

When installing such a landing app in the phone, we do not pay special attention to what kind of permissions we give it. But because of such permissions, the landing app is also getting the numbers of our close relatives.

As a result, when a person fails to repay the loan on time, he is initially told that if the loan is not repaid, his relatives will be informed. They are also threatened to talk to the principal of the college if the borrower is a college student!

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