Loan Apps Are Thriving on India's Google Play Store Despite Policy Violations (Tech)

Some of these apps apply steep processing fees, as high as Rs 2,000 on loans of less than 10,000 rupees with tenures of 30 days or under, according to the 15 borrowers. Together with other charges including one-off registration costs and more, interest rates go as high as 60 percent per week.

from Dopenews
via Dopenews