Credit fraud
Instant loan app trap
Instant-loan apps harvest contacts, then harass borrowers after a tiny first disbursal.
How Scam Works?
This conversation is invented. It shows the pattern so you can recognise it. It is not a real message, and nothing here should be replied to or paid.
Demonstration
App notification, then SMS
QuickCash Loan
Scam message
₹2,000 is approved. Allow contacts and gallery to release it.
What you might say
I only wanted to see the rate.
Scam message
Repay ₹3,400 today or we message everyone in your contacts.
A regulated lender does not recover a loan by messaging your phone book.