| Name of Complainant | |
| Date of Complaint | November 13, 2021 |
| Name(s) of companies complained against | Handy Loan Application |
| Category of complaint | Cyber Crime |
| Permanent link of complaint | Right click to copy link |
| Share your complaint on social media for wider reach | |
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These Handy Loan/SamayyRupee collection executives are threatening and abusing me for repayment even though I have settled their loan. But they are saying that you have rollover and that is not closure of loan, for which I have what app chat (in which executive clearly said pay this much amount and loan will be closed). They are threatening me to call my personal contacts and they will abuse them for my payment. Also, these HANDY LOAN collection executives are threatening to create WhatsApp group with all contacts and will post abusive language and image with something bad written on my image and tarnish my image in society. They are also saying that they will block my Bank Account, PAN Card and Aadhar Card. They copy all our personal data like; Contact Book, Images and Videos copy on their server to misuse them against us.
This is possibly Chinese operated Loan App, and they are using all possible ways to loot their customers. In their Google Play Store description they mention that they are providing loan for 91 DAYS to 15 months and INTEREST RATE is 0% to 29.95% per annum, which is completely misleading. These goons are providing loan for only 7 days and taking upfront INTEREST of almost 30% to 35%. I am sure this is all against RBI’s guidelines for lending.
https://play.google.com/store/apps/details?id=com.handyloan.loanhandhwinload
http://samayrupee8.com/#ourApp
To give you clear idea, if we apply for loan of Rs.7000 they will give you only approx. Rs.4,300 approx. This is completely FRAUD happening with INDIAN people.
Due to personal financial problems I had to take small-small loans from these apps and after taking loan I realized that they are FRAUDENT apps and that are operated by Chinese Nationals (admitted by collection executive). I have taken loan from Handy Loan, SamayRupee and Loan Cube. Majority of it I have already paid off.
Their mode of operations are same threatening and abusing customers for recovery. These apps are not even RBI registered/regulated and not even NBFC. They are not even providing LOAN AGREEMENT and some of these are providing fake Loan agreement.
I request you to take strict action against these Loan Goons and ban them in India for operations. They must be removed from Google Play Store as well on priority basis. They are REAL BIG threat for Indian people and our society. They should not be on Google itself, since all such apps were taken down by Google earlier this year.
