Introduction
With the advent of various Instant Personal Loan Apps made available online, accessing Personal Loan has become quite easy these days. However this easy access and availability comes with its own risks that any individual should be necessarily aware about.
Instant online loan applications
A proposition of availability of hassle free app based micro finance, which does not ask for any documentation, paperwork, signatures and promises loan in matter of minutes, can be tempting for people in need of money. However they have to pull restrain and beware of the risks and dangers involved that can be life threatening too. The app driven micro lending firms mainly target the students and unemployed people who are in need of money. The borrowers should be aware that these Instant Loan Apps do not follow the rules and regulations stipulated by the RBI and have very harsh, unethical means and tactics that they employ to recover the loan from members.