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In continuation of the investigation on the instant loan apps fraud case and based on the confession of previously arrested persons, the Cyber Crime Cell officers traced down the duo in Thane, Maharashtra. 10,000/- with minimal documentation & no paperwork. Gurugram-based company behind 11 apps for instant loans busted Web Desk December 26, 2020 11:57 IST. : WP1413/04/01-8/080918 Valid from: 09/09/2016-08/09/2018 Interest: With guaranty: 12% per year , W/O guaranty: 18% per year For Salaried Individuals: Minimum in-hand Income. Instant loan apps scam: He Jian, alias Mark, and Vivek Kumar were arrested from Thane in Mumbai. These quick loans are disbursed immediately without human intervention to meet urgent financial needs. Getting Instant Loan Via Lydia app, users can ask our partner Groupe Casino Bank for a loan: by clicking on « Instant Loan » in the 4th tab of the app, or from a Lydia account in the 3rd tab. Four people, including a Chinese national, of a gang have been arrested in an instant loan apps fraud case at Cyberabad. Grablend is a financial technology company with a mission to enable and accelerate financial … National News Instant loan app scam: 17 arrested in Telangana, Delhi, Haryana after 3 die by suicide The police have frozen 75 bank accounts that … Seamless online experience. 0 0 . Instant loan apps offer quick and easy loans with no collateral, but many such apps operate without any regulatory supervision. Send money 24/7 at best rates through NAFEX. FDX - where smart investors meet professional fund managers. License Validity : 22/8/2020 - 21/8/2022 Ad Permit Validity : 22/8/2020 - 21/8/2022 In fact, some of these apps … Licence No : WL5789/14/01-8/210822 0 Shares. The Chinese loan app scam has claimed another life in Delhi, and it has also been brought to light that several residents from Delhi had been tricked into the scam. Multiple instant loan apps that are not governed by any regulations have mushroomed across the country. Instant loan apps case: Chinese man arrested at Delhi airport; Instant loan apps case: Chinese man arrested at Delhi airport A preliminary investigation into the financial transactions has revealed that close to 1.4 Crore transactions worth nearly Rs. Ad Permit No : WP5789/14/01-7/210822 Instant loan apps case: Man dies by suicide, fifth victim in Telangana; Instant loan apps case: Man dies by suicide, fifth victim in Telangana Chandra Mohan had availed loans for Rs 80,000 to Rs 1 lakh from various instant loan apps in the last several months. They are fast, … 2 Chinese among 4 held for running instant loan app Of late, there have been many instances of app-based money-lenders harassing borrowers over repayment, which led to suicides. 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