70% apply for loans from apps despite high interest rates: Survey - Mint

A little more than half of the respondents said that they or someone in their family or friends have availed of such a loan, and 67% of those surveyed have been harassed or know of friends and family who have suffered at the hands of loan sharks

NEW DELHI: Nearly 43% respondents of a survey said they received calls from phone marketers asking them to apply for a loan through an app, and 70% were aware that these apps attract high interest ra… [+2282 chars]

full article...