Anjali Shastri1 month ago

WEBSCAM

Loan application

I would strongly advise people to think carefully before taking loans from NBFCs and lending apps. They may provide quick financial support with a small amount initially, but later borrowers often struggle with high interest rates and repayment pressure. In many cases, when someone is unable to repay on time due to genuine financial difficulties, not only do third-party recovery agents harass them, but even representatives of RBI-registered apps sometimes use inappropriate and abusive language. Some lenders also contact family members and references, causing unnecessary stress and embarrassment. People should avoid getting trapped in a cycle of debt. Before taking any loan, try to seek support from relatives, friends, or family members and fully understand the terms, interest rates, and repayment obligations.