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Post on Medial

BigLoot IN

Stealth • 1m

Navi has built a personal loan book size exceeding ₹10,439 crore and has an Asset Under Management (AUM) of ₹11,725 crore. The company charges interest rates as high as 45% on loans. For home loans, it's reported that they require full access to personal phone permissions, and users are unable to uninstall the app. It raises concerns about consumer rights, as the Reserve Bank of India (RBI) is expected to ensure the protection of consumers in such situations.

3 replies6 likes

Replies (3)

Anonymous 3

Stealth • 1m

You know economy is doing well when these kind of companies raise massive rounds and do well too. Good signs for the economy, bad signs for personal wellbieng for the users

0 replies

Anonymous 2

Stealth • 1m

Pehle toh ye bnpl and loan apps band karwa do. They only target people that obviously cannot afford things and it is so easy and simple when there is no approval needed and everything is digitally done. You get the money quickly, yes but 40+% interest? Parents/partners being harassed? Too big of a price to pay

0 replies1 like

Anonymous 1

Stealth • 1m

Toh lag gaya na ban unpe. Chal raha hai na ab enquiry

0 replies1 like

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