I applied for a loan of 20,000 from the app Kredio 24.

Name of Complainant Prashant Sharma
Date of ComplaintFebruary 24, 2026
Name(s) of companies complained against
Category of complaint Cyber Crime
Permanent link of complaint Right click to copy link
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Text of Complaint by Prashant Sharma:

I applied for a loan of 20,000 from the app Kredio 24. However, I only received 16,000 in my account. The loan tenure was only 14 days, which violates RBIs Fair Practices Code for digital lending.Despite paying 9,500 back, the app is showing an outstanding balance of 25,200. They are charging exorbitant late fees and interest that were not transparently disclosed. Furthermore, I am being severely harassed by their recovery agents through threatening calls/messages. I am willing to pay the legitimate principal amount I received, but I refuse to pay these illegal and arbitrary charges.RequestI request the authorities to take strict action against this app for predatory lending and harassment. Please provide protection against any misuse of my personal data or contacts. transalate in hindi

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