Chinese loan apps Fraud Explained. | Aaditya Iyengar

In this video, we will be discussing Chinese loan scams. There are some apps on Google Play Store which are designed in a way to fraud its users. We will talk about some real-life examples of how these Chinese apps scammed many Indians.
We will cover the following points:
How do these apps work?
Who is more likely to become a victim of such fraud?
RBI guidelines for lenders.

Link for RBI's list of banks in India for taking loans: https://m.rbi.org.in/scripts/bs_viewc...

NON-BANKING FINANCIAL COMPANIES (NBFCS):-https://m.rbi.org.in//Scripts/NBFC_Pu...

Names of some major fraud apps:- Raise cash app, PP money app, Rupees master app, Cash ray app, Mobipocket app, Papa money app, Infinity cash app, Kredit mango app, Kredit marvel app, CB Loan app, Cash advance app, HDB loan app, Cash tree app, Raw loan app, Under Process, Minute cash app, Cash light app, Cash fish app, HD credit app, Ruppes land app, Cash room app, Rupee loan app and Well Kredit app.

We made this video to make you aware of such fraudulent practices so you can save yourself from such scams.
If you have any queries after watching the video, make sure to ask in the comments and I'll be glad to help. :)

If this video was informative and valuable in helping you then consider subscribing to the Youtube channel, like the video, hit the bell icon for more such videos, and share the video with your friends.

#loanapp #loanappscam #chineseappscam
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Chinese loan apps Fraud Explained. | Aaditya Iyengar