Unauthorised Digital Lending Platforms

CA N RAJA | Last updated: 30 December 2020

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Quick Summary

Unauthorised digital lending platforms often promise quick loans but charge excessive interest and hidden fees. They may also use aggressive recovery tactics and misuse borrower data. Always borrow from banks or NBFCs registered with the RBI, or entities regulated by state governments. Verify the credentials of any lending platform and never share KYC documents with unverified apps. Report suspicious platforms to law enforcement or the Sachet portal.

MANU VINU MAKEA COME BACK TALKING ABOUT UNAUTHORISED DIGITAL LENDING PLATFORMS Vinu Hi Manu! Look at this! I received an offer for a Loan from this Digital Lending Mobile App. I am going to share my details get this easy loan!

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About the Author

CA N RAJA

Chartered Accountant

Practicing Chartered Accountant and Online Faculty for Accounting / Financial Management / Banking Courses. Check out free lectures on Financial Management and Accounting from my web: http://www.carajaclasses.com and https://www.udemy.com/u/caraja/

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