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Loan app sharks threaten to kill Malad resident despite clearing loan; another victim’s contacts get calls asking to clear loan

Loan app sharks threaten to kill Malad resident despite clearing loan; another victim’s contacts get calls asking to clear loan

MUMBAI: When morphed pictures circulated to his family members, friends, and relatives did not yield results, the loan app fraudsters started making threatening calls to a 36-year-old Malad resident and his phonebook contacts, threatening to kill him and demanding that he clear the Rs60,000 loan that he had already cleared in 2021.Dindoshi police registered a first information report on October 17 after...

RBI sounds alarm bells over strong personal loan growth

RBI sounds alarm bells over strong personal loan growth

MUMBAI: The RBI is concerned about the strong growth in some personal loans and is watching out for any stress in that segment, asking banks, NBFCs and fintechs to strengthen their surveillance mechanisms."Certain components of personal loans are recording very high growth... These are being closely monitored by RBI for any signs of incipient stress," RBI governor Shaktikanta Das said on Friday. He...

Credit Score Explained: How To Increase Your Credit Score For Loan, Credit Card | FAQs Answered | Business

Credit Score Explained: How To Increase Your Credit Score For Loan, Credit Card | FAQs Answered | Business

Oct 06, 2023, 07:30AM ISTSource: TOI.inCredit score importance: If you are applying for a credit card or a loan, then one of the most important things that institutions track is the credit score. What is a good credit score and what are the factors that you should take care of to get a good credit score? What are the practices you should avoid to ensure that your credit score is not low? In this...

How loan at low interest multiplied into unending nightmare for many in Delhi | Delhi News

How loan at low interest multiplied into unending nightmare for many in Delhi | Delhi News

NEW DELHI: Eighteen people, including eight women, have been arrested for allegedly extorting money from people through a call centre after providing them loans through Chinese apps. The call centre was working under the guise of a finance company. Confirming the arrests, DCP (north) Sagar Singh Kalsi said the gang made extortion calls to victims through VOIP Sim box gateway devices to remain...

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