Mobile loan apps in India: ‘They try to mentally break you’

Indian agencies are investigating dozens of instant lending apps after accusations that they violate rules and use aggressive methods to recover loans. India’s central bank, the RBI, has also cautioned citizens to beware of unauthorised loan apps.

If you are affected by any of the issues in this story, you can get advice and support from BBC Action Line in the UK, or if you are outside the UK, from Befrienders.

Video by Arunoday Mukharji, Pritam Roy and Jaltson Akkanath Chummar

Recent Posts

737 Max: Boeing refutes new safety concerns

Gilles Primeau, a Canadian expert in flight control systems, is also alarmed. He has previously testified to Canadian lawmakers that in his opinion the stabiliser trim system on all 737 variants, not just the Max, is "obsolete", and does not have enough in-built...

read more

Protesters hit Amazon buildings on Black Friday

"We are inventing and investing significantly in all these areas, playing a significant role in addressing climate change with the Climate Pledge commitment to be net zero carbon by 2040, continuing to offer competitive wages and great benefits, and inventing new ways...

read more

Black Friday spending set to soar despite fewer deals

Barclaycard, which processes £1 in every £3 spent on credit and debit cards in the UK, said that between midnight and 09:00 GMT transactions had increased by 21.4% compared with Black Friday last year, when Covid restrictions hit sales. They were also 5.4% higher than...

read more