Question
Q: How to check if a payday loan app is RBI compliant?
Answer
A: A compliant setup has a clear lender identity, a written agreement, clear fees, and a way for borrowers to file complaints. Payments should go to an official account that matches the entity that was revealed, not to random IDs. Strong signs of not following the rules are abusing permissions (contacts/photos) and shaming tactics. Before you pay anything, Legals365 and Advocate BK Singh check your documents and help you act safely.
.
By Advocate BK Singh
(Delhi High Court)
