Beware of ‘loan’ app stealing phone data!!

Don’t get tempted to click on that instant short-term loan week

it can lead you to serious misery and not just financial loss

Unbeknownst to the user, the lender, who does not even check the borrower’s income or ask for surety or mortgage

copies all data in the user’s phone and transfers it to his server once the loan app is installed

These lending apps charge exorbitant interest rates of nearly 40 percent per week and in case the borrower fails to repay the full amount a day before the due date