Beware of Instant Loan Scam Apps – Katoch Tubes

India and Instant loan scam

What are Instant Loans?

Instant loans are used by the users to receive loans within minutes by using apps available on Google playstore

What's wrong?

The loan apps charges high interest rates & extort money from users even after paying full amount.

How they do it?

The apps took malicious permission from the user by accessing chats, contacts etc to harass them by using morphed images.

Duping Customer

Customer who needed immediate cash from Rs 5000 to Rs 10,000 were forced to pay upto 1 lakh

Roots from China

Approx. 500 cr has been sent to China. 22 scammers have been arrested who were working on the behest of  Chinese officials

China Misusing Crypto

These apps are using chinese servers & laundering money to China via hwala & cryptos

Note of Caution

Immediately delete & revoke access of Chinese based loan apps & go for Indian loan apps. Save yourself  from the fraud

We're on You Tube

Find the best Crypto content only on   Katoch Tubes