Mumbai: As a part of cyber awareness, the Mumbai Police through their social media is alerting the citizens to be wary of ‘Instant Loan’ mobile applications. The cases of people falling prey to such loan apps have constantly increased.
“These instant loan apps provide instant money. When one needs money, they don’t think twice or even once for that matter. All that’s important is getting money on hand to fulfill the need. And this is when fake loan apps and fraudsters come into the picture and misuse victims’ vulnerabilities. With little too basic documentation, these scammers provide money only to turn around and harass them later,” explained a senior police official in the cyber team.
Mumbai Police, in their campaign to make people aware of this situation, are conducting several seminars and programs in different places including schools, colleges, workspaces, and even in public areas. Even after that, the cases are on the rise.
“The cases are on the rise, it is true, but it is also a fact that now people are coming out to register their complaints with us (police) unlike earlier when they kept the matter to themselves due to embarrassment,” explained the officer.
The “embarrassment factor” is the root cause of people refraining from coming forward. Contrary to the traditional type of loan scams where victims were harassed using violence when it comes to loans through mobile applications, scammers…
