KOKO loan app

Name of Complainant chakravarthi
Date of ComplaintMarch 28, 2022
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 chakravarthi:

I have installed KOKO Loan app from google play store and checked my eligibility, it was offered Rs 8000 I have desided to not to take any loan for Rs 8000, late I have received 4400 from a unknown account, as i have multiple business i thought it was from my business, later I started receiving unknown WhatsApp messages for requesting repayment for KOKO loan I totally did not understand the situation and checked the app, then I realized that this app sent money to who ever install the app and check for the eligibility it will send the money without any further communication and Proper Loan agreement & Interest rates/ processing fees details for availing the loan, this app will also ask all permission to to access the sensitive information device camara, contacts, files, SMS, storage, after installation app it will use the permeations and collect customer personals, stated Threatening customer for repayment, if we fail to repay the payment this app agents will call to phone contact and hearse them to get the payment, if any body ready to unwanted loan they will sent unknown app links to collect the repayment, if we click on the unknown links it will lead to more problems for the customer

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