How to sidestep the great app trap: Instant money, dire results

Digital loans have become increasingly popular in India, with a 49% surge in disbursements in the financial year 2023-24. However, this growth comes with the rise of unauthorised lending apps, which have been shut down by the government between October 2023 and March 2024. These apps lure gullible borrowers with attractive offers and later harass them.
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