Sir, i saw an online loan app advertisement on Instagram and i download it on play store on 12.05.2022 around 9.00pm. The app shows to certify your personal details. Then i upload my pan card, adhar card, my selfie and my bank account no and ifsc code as per that application guideline.
After that app shows you are Rs. 7000 loan amount eligible and it shows a icon of "loan query" after click that loan query icon it show your loan has been processing without any consent from me.
They don't share processing fee, GST, Interest rate, loan repayment tenure. But, 13.05.2022 morning around 9.30am Rs. 3850 was credited to my bank account. After that the application shows repayment of Rs. 7000 on 18.05.2022 with in 5 days with interest rate around 50%.
After saw this application i contact that company through email they don't responding me. "They cheating me with high interest rate and repayment schedule within 5days tenure".
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