Google removed more than 100 personal loan apps from Play store, know the reason

Google India has informed that it has removed many such personal loan apps from the Play Store in India which were violating the safety policy of the users. These apps were providing online loan services in violation of the safety policy. Google has informed through a blog post that it is reviewing more than 100 personal loan apps based on the information provided by the government and users.

Google This decision has come at a time when many users had recently complained about the companies providing short term loans that they were harassing them. Some affected customers had alleged that several personal loan offering apps were accessing their contact details. This was being used by the recovery agents to threaten them.

So far Google has not shared the number of apps that have been removed from the Play Store after the recent decision. However, fintech expert Srikant L has said that Google has removed at least 118 digital loan apps in the last 10 days. Google has asked many such apps providing personal loans to explain how they are following local laws and regulations.

In such a situation, the apps which have not done this till now have been removed without any notice. Vice President of Android Security and Privacy has given this information. Reuters has found in its investigation that at least 10 Indian leading apps on Google Play have not yet given any information on the repayment length.