Coimbatore Police shed light on loan app pitfalls – The New Indian Express


Express press service

COIMBATORE: Coimbatore cybercrime officials have warned residents against mobile phone apps providing loans. They said that it is not necessary to have a loan, but it is enough to download such applications to find themselves in difficulty.
Over the past two months, around 30 cases of harassment have been reported in Coimbatore.

Police said there are more than 300 apps offering instant loans. Once the loan is processed, they will start harassing the borrowers using their personal details. Borrowers are required to attach their Aadhaar card, PAN card and photo, but the apps also collect contact details and other personal data from the gallery.

If the loan is not repaid within the stipulated time, they send “fraud alert” messages to the contacts registered on the borrower’s phone. They also create WhatsApp groups with these contacts and defame the borrower on them. They also transform their photographs in obscene ways. Deputy Inspector Mohammad Nizar said staff were blackmailing and extorting money from borrowers even though the loan was repaid in full.

“We had arrested four people in March for harassing a young woman. They were found in Bengaluru,” said Coimbatore District Cybercrime Police Inspector S Jayadevi.

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