The Cyber Dost Twitter handle has asked people to be vigilant before installing unknown applications on their mobile phone that provide loan. It said that doing so can put users’ confidential data and finances at risk.
New Delhi: The government of India had advised people to stay away from instant mobile application-based lenders, which could compromise with their privacy and lend them into trouble. An awareness campaign, launched by Cyber Dost, the Twitter handle operated by the Union ministry of home affairs, has posted some safety tips to be kept in mind before applying for loans. It has asked the borrowers to verify the authenticity of lending company from Reserve Bank of India’s (RBI) website. The RBI portal has all the information about companies.
The Cyber Dost Twitter handle has asked people to be vigilant before installing unknown applications on their mobile phone that provide loan. It said that doing so can put users’ confidential data and finances at risk. It also asked the users to check the authenticity of the URL of the website before submitting documents or making payments.
Read More:- Police Stations In Gurugram To Get Cyber Help Desks
Read More:- iPhone 12 Pro Available At A Massive Discount In India. Check Out The Prices Here
RBI too has been cautioning people against loans being offered by unauthorised digital platforms, mobile applications promising a quick and hassle-free process. The central bank has made it clear that legitimate loans can be offered by banks, non-banking financial companies registered with RBI and entities which are regulated by the state governments.
The companies send link of cheap loans and low CIBIL score to lure people into their trap. The link has a provision to upload documents, which one done opens up the possibility of their misuse.
The government informed Parliament during the ongoing winter session this week that there are 600 fake loan apps in the country. The data is based on a report submitted by the RBI.
