DETAILS

NAME:- JASLEEN
KAUR
CLASS:- BBA 4TH SEM
ROLL NO.:-
10542017824
INSTANT LOAN APPS
DEFINITION
Instant loans are those types of loans
which don’t require too much of
documentation and approved really
quick without any asset showcase.
The process is minimal and convenient
compared to the traditional bank loans.
Instant loans are also termed as
personal loan OR quick loan.
Using an instant loan app you can apply for a
personal loan or check the status of your loan.
Most instant loan app will have an easy to use
interface that will help customers to apply for a
loan without much hassle. An instant loan app
also cuts down the time required and paperwork
involved in a loan approval process.

But it has also some issues after the getting loan

PROBLEM DISCOVERY
[ OUR BANKING SYSTEM]

 MORE PAPER WORK

HAVE TO PERFORM A LOTS OF
FORMALITIES
PROVIDE ANY KIND OF MORTAGE
HAVE TO SHOW TAX RETURNS
OUR GOVERNMENT DOES NOT
TAKE TIMELY ACTION TO PREVENT
TYPES OF INSTANT LOAN APPS
OBJECTIVE
[PREVENT PERSONS FROM FRAUD]

The message of this presentation

to aware the people that they do
not trap in instant loan apps.
There is easy to get in But it is
difficult to get out from this trap.
These apps are giving good and
attractive offers to their customers.
AS PER RESEARCH
These kind of frauds are
getting first in Telangana, Bihar,
Uttar Pradesh
If we estimate the scam of
these loan apps it might be
20,000 crores
SUGGESTIONS
If you want a loan from these apps you have to carefully read all
the terms and conditions before access any kind of permission
after installing app.
To stop this kind of frauds RBI give us other types of tips to
stop this kind of fraudulent activity.
That loan are you getting from an instant app, you have to be
assured that it was registered in the NBFC.
RBI directs persons to get a loan from public and private banks
and also get a loan from NBFC’S.
RBI guides us that you must have to query about each and
everything before giving any type of permission that it was safe
or not and what types of permissions they want.
If you get any suspicious
link that you have any
single doubt don’t click
because sometimes in a
single click they fetch your
data

Before downloading any

instant loan apps you have
to check their authenticity.
Conclusions
To sum up, I believe that these apps are a death
trap, we have to be careful from these apps in last
its important that GOVT should look in the matter
very carefully because persons are doing suicide
and there is more in cyber security to prevents
from these kinds of fraudulent activities need to
modernize the policing system to meet these cyber
threats and there was the proper policy that
protects us from online abusing.