Online loan apps scam

Name of Complainant Narsing Rao
Date of ComplaintSeptember 1, 2023
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 Narsing Rao:

Instanova app is charging 35% for every 100 Rs just for 15 days which is three much and it’s a scam, they are looting innocent people money, I have paid them lots of interest, but still they are asking to pay more and more, they are blackmailing by calling contacts list, their executives use third grade language, they are very very greedy people, there are many such apps in play store like loan now who morph and send nude pics of family, toop loan, cash again, etc

Example, for 10000 Rs loan they take away 3500 and transfer 6500 to customers and ask to pay in just 15 days, they ask to pay more 3500 to extend time for 15 days more, otherwise they will keep on adding 3% of additional charges on a daily basis of overall loan amount,my god, can’t imagine their level of greediness and this is next level fraud.

Please find the attached screenshot and strict action should be taken on them and such other apps.

Image Uploaded by Narsing Rao:

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