Regarding Koko loan that charges higher rate of interest for short duration 6 days

Name of Complainant Pramodkumar
Date of ComplaintFebruary 11, 2022
Name(s) of companies complained against
Category of complaint Banking
Permanent link of complaint Right click to copy link
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Text of Complaint by Pramodkumar:

Dear sir
Yesterday I had applied instant loan app Koko loan from Google playstore after uploading kyc documents they had sanction AMT 7000 but never provided detail about loan and interest rate after this they transfer amt 4060/-to my account I belongs poor family.its such huge interest for only 6 days.
How do you approve such kind of loan app.that doesn’t provide any kind of details of the interest loan term.

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Regarding Koko loan that charges higher rate of interest for short duration 6 days

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