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Borrow from RBI-registered lending apps to avoid unscrupulous operators

Digital Lenders' Association of India (DLAI) has come out with a few guidelines

Topics
digital lending | Reserve Bank of India | Bank loans

Bindisha Sarang  |  Mumbai 



Digital lending, fintech, digital lenders
Evaluate the permissions the app is asking for. Be warned if any app is asking for access to more than the usual things, such as photos, contact list and SMS, among others

The (RBI) has cautioned the public about borrowing money from shady apps. According to recent reports, several borrowers have been forced to commit suicide owing to the harassment they faced after they delayed repaying .

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First Published: Sat, December 26 2020. 06:10 IST

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