Church Finances – Obotafumeiro http://obotafumeiro.com/ Fri, 29 Jul 2022 05:35:32 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://obotafumeiro.com/wp-content/uploads/2021/06/icon-5.png Church Finances – Obotafumeiro http://obotafumeiro.com/ 32 32 BTech student had taken out 18 instant loans, SIT reveals https://obotafumeiro.com/btech-student-had-taken-out-18-instant-loans-sit-reveals/ Fri, 29 Jul 2022 05:35:32 +0000 https://obotafumeiro.com/btech-student-had-taken-out-18-instant-loans-sit-reveals/

Staff reporter

In the case of the death of BTech student Nishank Rathore, the SIT (Special Investigation Team) formed under the leadership of Raisen ASP made a big revelation on the first day of the investigation. The late Nishank Rathore had taken out a loan from more than 18 Instant Loan applications running on Chinese servers.

SIT recreated the incident four times, but could not reach a final decision. The police investigation was reduced to taking out loans. Now the police are gathering enough evidence to convince the family that the boy committed suicide.

The late Nishank had repaid the loan on multiple requests, but the so-called cyber crooks operating these instant loan request servers were blackmailing Nishank. In the cyber forensic investigation, it was brought to light based on Nishank Rathore’s social media account, online banking app and internet data.

Police suspect the instant loan operators stole the phone and all the phone book numbers, including personal photos and life details therein, which they used to blackmail Nishank. Raisen Police on Wednesday interviewed 12 friends, 2 girlfriends and all family members of Nishank living in Bhopal and Narmadapuram in this case throughout the day.

It should be noted that to solve the mystery of Nishank’s death, the Raisen police formed the SIT on Wednesday. Obedullaganj SDOP Malkit Singh, Mandideep TI Manoj Singh, Satlapur TI Vijay Tripathi and Obedullaganj TI Sandeep Chaurasia were included in the SIT formed under the leadership of ASP Amrit Meena.

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NCR has the right to investigate the instant loans company, according to court rules https://obotafumeiro.com/ncr-has-the-right-to-investigate-the-instant-loans-company-according-to-court-rules/ Tue, 28 Jun 2022 07:00:00 +0000 https://obotafumeiro.com/ncr-has-the-right-to-investigate-the-instant-loans-company-according-to-court-rules/



The National Credit Regulator (NCR) was within its rights to open an investigation into instant loan company Dacqup Finance on reasonable suspicion that it violated the National Credit Act (NCA), according to a Supreme Court ruling of Appeal (SCA) rendered. Last week.

Dacqup, trading as ABC Financial Services, a registered credit provider, was caught offering ‘instant’ micro-loans of up to R8,000 at illegal interest rates.

The company had previously engaged in repeated prohibited acts and on that occasion aroused the suspicions of an RNC inspector, who noticed a sign offering instant loans. If the loans were instant, the inspector explained, the business would struggle to comply with the onerous affordability assessments required by the NCA.

The inspector entered the premises, posing as a customer, asked about the possibility of taking out a loan and was told that the interest rate was 30% per month on short-term loans – which is much higher than that permitted by law.

The NCR filed a complaint against Dacqup with the National Consumer Court, which found that the company violated several provisions of the NCA. The court ordered the company to pay a fine and to have all its credit agreements for a certain period assessed by an independent auditor.

Dacqup then successfully challenged these orders in the High Court in Pretoria. This success was based on a technical point, without the merits of the case having been discussed.

ALSO READ: Desperate grant recipients turn to loans as cost of living rises

After that, the matter ended up before the SCA, which upheld NCR’s argument that once a complaint had been made by an NCR inspector, or any other person, under law, the NCR was within its rights to initiate an investigation.

The SCA decision said the approach taken by the High Court erred in confusing the notion of reasonable suspicion with a prima facie case. The High Court previously found there was no reasonable suspicion to bring a complaint, which has now been overturned by the SCA.

“As our courts have repeatedly stated, reasonable suspicion contemplates a lesser burden than that of a prima facie case,” the decision states. In other words, an inspector in the NCR would not need to obtain a loan to obtain prima facie evidence of a violation of the law.

” In all circumstances, [the court is] satisfied that the NCR has demonstrated that it has a reasonable suspicion to initiate an investigation into the activities of Dacqup,” the judgment reads.

This article was republished from Moneyweb with permission

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Regulator was entitled to probe company offering instant loans – SCA https://obotafumeiro.com/regulator-was-entitled-to-probe-company-offering-instant-loans-sca/ Sun, 26 Jun 2022 22:05:25 +0000 https://obotafumeiro.com/regulator-was-entitled-to-probe-company-offering-instant-loans-sca/

The National Credit Regulator (NCR) was within its rights to open an investigation into instant loan company Dacqup Finances on reasonable suspicion that it violated the National Credit Act (NCA), according to a Supreme Court ruling in appeal made last week.

Dacqup, trading as ABC Financial Services, a registered credit provider, offered “instant” micro-loans of up to R8,000.

The company had engaged in repeated wrongdoing and in doing so aroused the suspicions of an RNC inspector who noticed a sign offering ‘instant loans’. If the loans were instant, the inspector felt the business would struggle to comply with the onerous accessibility assessments required by the NCA.

Lily:

The inspector entered the premises posing as a customer and asked about the possibility of taking out a loan, and was told that the interest rate was 30% per month on short-term loans. term – which is much higher than that permitted by law.

Complaint

The NCR filed a complaint against Dacqup with the National Consumer Court, which found that the company violated several provisions of the NCA. The court sentenced her to pay a fine and to have all of her credit agreements assessed by an independent auditor for a certain period.

Read: South African consumers continue to feel the pinch; 62% refused credit

Dacqup successfully appealed these orders to the North Gauteng High Court. This success was based on a technical point, without the merits of the case having been discussed.

The case ended up before the SCA, confirming NCR’s argument that once a complaint has been made by an NCR inspector or any other person under the law, the NCR is in its right to initiate an investigation.

The SCA decision indicates that the approach adopted by the High Court “confused the notion of reasonable suspicion with At first glance evidence”. The High Court previously found there was no reasonable suspicion to bring a complaint, which has now been overturned by the SCA.

“As our courts have repeatedly stated, reasonable suspicion contemplates a lesser burden than that of At first glance evidence,” the judgment says.

In other words, an inspector in the NCR would not need to obtain a loan to obtain At first glance evidence of a violation of the law.

“In all the circumstances, I am satisfied that the NCR has demonstrated that it had a reasonable suspicion to initiate an investigation into the activities of Dacqup,” reads the judgment.

Dacqup wanted NCR to pay listeners

There was also the question of whether the Court was within its rights to order Dacqup to appoint an auditor to assess the amount consumers had been overcharged.

Dacqup argued that NCR should bear this cost, although SCA reported several other instances where independent auditors had been appointed to determine the extent of illegally obtained profits. Implicit in these orders is that the entity concerned must pay the costs of the auditor.

“There is no reason why the cases involving the NCR should be any different, particularly given the broad powers granted to the court to make any appropriate orders relating to prohibited conduct,” the judgment reads.

Dacqup’s successful appeal to the North Gauteng High Court was quashed and the company was ordered to pay the costs of the case.

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Small ticket, big business: Fintech companies see an increase in instant loans https://obotafumeiro.com/small-ticket-big-business-fintech-companies-see-an-increase-in-instant-loans/ Sun, 19 Jun 2022 12:43:00 +0000 https://obotafumeiro.com/small-ticket-big-business-fintech-companies-see-an-increase-in-instant-loans/

Home loans and other personal loans made up 64 percent of additional credits over the past two fiscal years.

Business Standard has always endeavored to provide up-to-date information and commentary on developments that matter to you and that have wider political and economic implications for the country and the world. Your constant encouragement and feedback on how to improve our offering has only strengthened our resolve and commitment to these ideals. Even in these challenging times stemming from Covid-19, we remain committed to keeping you informed and updated with credible news, authoritative opinions and incisive commentary on relevant topical issues.

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First published: Sunday, June 19, 2022. 6:13 PM IST

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Cashe company now offers instant loans on WhatsApp in 30 seconds https://obotafumeiro.com/cashe-company-now-offers-instant-loans-on-whatsapp-in-30-seconds/ Wed, 15 Jun 2022 11:41:00 +0000 https://obotafumeiro.com/cashe-company-now-offers-instant-loans-on-whatsapp-in-30-seconds/
  • The company will use its AI-powered chat capabilities on WhatsApp to offer these pre-approved lines of credit.
  • BOX claims to be the first fintech startup to offer instant credit lines without any documents, app downloads or form filling.
  • Users can simply avail these loans by sending a “Hi” message to CASHe WhatsApp number +91 8097553191.

Fintech startup CASHe announced its latest feature on Wednesday which will offer instant lines of credit on WhatsApp in 30 seconds. The company will use its artificial intelligence (AI) based chat capabilities on WhatsApp to offer these pre-approved lines of credit that already exist.

CASHe claims to be the first fintech startup to offer instant lines of credit without the need for documents, app downloads or forms to fill out.

Users can simply avail these loans by sending a “Hi” message to CASHe WhatsApp number +91 8097553191. The services will be available 24/7 for all salaried customers and the amount will be provided in less than an hour. minute, the company pointed out.

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The company says its AI-powered bot matches customer inputs and automatically facilitates a formal application, as well as Know-Your-Customer (KYC) verification. Once verified, it sets up a line of credit in just a few clicks through a guided conversational flow.

Borrower details will be generated and displayed based on the name entered – the only key input the borrower needs to enter at the start of the conversation, the company added.

“We believe that an innovative and groundbreaking service like this will not only enable our customers to have a top-notch experience in their credit application, but will also significantly expand our credit footprint by utilizing the huge database of WhatsApp users, bringing us closer to our vision of achieving financial inclusion for the underserved in India,” said V Raman Kumar, Founding Chairman of CASHe.

CASHe’s WhatsApp chat services are based on WhatsApp Business Platform, an enterprise solution that enables businesses to communicate with their customers.

The six-year-old startup is an AI-based, mobile-only, credit-focused financial wellness platform. The company has recorded 20 million app downloads and disbursed loans of over ₹400 crore to over 4 lakh customers.

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]]> Instant Loans: Fraud Stalks Borrowers’ Friends and Relatives | News from Vadodara https://obotafumeiro.com/instant-loans-fraud-stalks-borrowers-friends-and-relatives-news-from-vadodara/ Fri, 06 May 2022 22:30:00 +0000 https://obotafumeiro.com/instant-loans-fraud-stalks-borrowers-friends-and-relatives-news-from-vadodara/ Vadodara: Pruthvi Shah (name changed) has been rocked by an abusive phone call he received regarding the collection of a loan he never took.
After a brief conversation, Shah was informed that it was his friend who had taken the loan which he was not repaying and also that if his friend did not return they would send indecent messages to everyone in the contact list Shah’s telephone numbers. Shocked, Shah approached the cybercrime police.

“This is a modus operandi that cyber frauds in the state use and some people have already been victims of this Chinese instant loan fraud. over the past few months,” said Hardik Makadia, ACP (cybercrime).
According to the cops, these cyber frauds with a possible link to the Chinese scammers first entice people to avail instant paperless loans of small amounts ranging from Rs 10,000 to Rs 30,000.
“Those who need money fall into the trap and agree to take the loan which is granted at 3% daily interest. The lender is asked to download a mostly Chinese app,” Makadia told TOI.
Once the app is downloaded to the phone, the accused has access to the person’s contact list. After a week, the accused begins to claim repayment of the loan with interest. The scammers then send abusive messages to the lender and also start contacting everyone on their contact list.
“They send indecent messages and even make abusive calls to friends and family members of the victim and the character murders the lents portraying them as cheaters or even rapists. The gang even accesses the victim’s mobile cameras and records videos. It is a blackmail tactic to extort money,” Makadia added. ]]> Digital Loans: New Era Practice of Applying for Instant Loans https://obotafumeiro.com/digital-loans-new-era-practice-of-applying-for-instant-loans/ Fri, 06 May 2022 09:27:08 +0000 https://obotafumeiro.com/digital-loans-new-era-practice-of-applying-for-instant-loans/

As the second most populous nation in the world, India has always experienced a widespread need for credit. The onset of the global pandemic has further intensified demand for credit across the country as medical and financial emergencies have erupted. At a time like this, traditional financial institutions, with their cumbersome lending process and reluctance to lend money to multiple segments, have proven insufficient to meet India’s growing lending needs.

Thanks to innovations in the fintech industry, digital loans have come to the rescue of countless borrowers who desperately needed instant loans. Disrupted by the tidal wave of technological transformations, the digital lending space is following an exponential growth trajectory in India. According to statistics, the digital lending industry is expected to exceed $350 billion in value by 2023. With increasing smartphone and internet penetration, new and underserved borrowers are applying for instant loans through digital lending channels .

WHAT IS DIGITAL LOAN?

Digital lending refers to the process of online loan disbursement, in which all processes encompassing borrowing and lending, such as loan application, approval, and repayment, take place remotely via the web or mobile devices. mobile apps.

Digital lending platforms leverage advanced technologies such as artificial intelligence, automation, and data analytics to simplify and speed up the borrowing process for customers.

As a result, borrowers can apply for instant loans online, upload necessary documents and get approved for the required amount with minimal paperwork.

PROCESS

With the emergence of the digital age, securing loans has become increasingly simple and instantaneous. By leveraging the latest technology, new era lending platforms have enabled a fully digital lending process with the least amount of paperwork and a seamless customer experience.

All customers need to do is create a profile on the platform, upload the required documents, select the loan amount and term, and wait for approval. Approval is provided almost instantly and the loan amount is then transferred to the individual’s bank account.

CREDIT RATING

It’s no secret that traditional financial institutions rely heavily on credit scores as a lending metric. For this reason, new borrowers with no credit history or those with poor credit ratings find themselves unable to obtain loans.

Digital lenders, on the other hand, forego the traditional criteria of instant and short-term loans, making the lending process more accessible and financially inclusive.

Their flexibility and leniency make digital lending a preferred choice for underserved customers and new customers and even allow them to build a credit history.

INSTANT LOAN DISBURSEMENT

The days of borrowers waiting weeks for a loan are long gone. Digital loan apps have sped up the loan disbursement process by eliminating tedious paperwork and approval processes. Today, borrowing a loan can be as quick and easy as clicking a few buttons. Since the entire loan process takes place over the Internet, loans are approved and disbursed faster than banks. Additionally, the implementation of e-KYC has simplified the verification and authentication of borrower credentials and identity. As a result, loans are sanctioned much faster and instantly transferred to the borrower’s bank account.

Digital lending platforms have indeed surpassed traditional lenders like banks and financial institutions in making the lending process user-friendly for borrowers. Due to the complex loan process and rigid policies adopted by conventional lenders, many borrowers find the loan process confusing, stressful and non-inclusive. But digital lending platforms effectively bridge this gap with their customer-centric practices, frictionless process, and financial inclusion. Instant loan borrowers do not have to visit a branch once and can obtain paperless loans from the comfort of their own home.

PERSONAL LOAN

Several digital lending platforms offer loans at a discounted note value of less than Rs 1,000. With the advent of small personal loans, people’s purchasing power has increased. For example, if a person wants to buy a smartphone worth Rs 40,000 but only has Rs 30,000, then instead of buying a cheaper smartphone or delaying the purchase process, he can apply for a loan instant of Rs 10,000 and buy the smartphone. Small loan amounts have a shorter repayment term and attract many borrowers looking to meet their immediate borrowing needs.

KEY POINTS TO REMEMBER

Instant loan apps and new-era digital lending platforms are proving critical in filling the gaps of traditional lending institutions and paving the way for financial inclusiveness. Their digital and instant loan disbursement process, along with a borrower-friendly approach and availability of low-cost personal loans have contributed immensely to their popularity.

Thanks to constant innovation and technological advancements, digital lending will certainly become even more convenient, transparent and secure in the years to come. With the ease of getting instant loans anytime and anywhere, digital loans can fill India’s growing credit gap.

(The article is written by Arjun Passi – VP Business RupeeRedee)

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Slick Cash Loan Offers Instant Loans Guaranteed Approval Online Across the United States https://obotafumeiro.com/slick-cash-loan-offers-instant-loans-guaranteed-approval-online-across-the-united-states/ Wed, 06 Apr 2022 09:11:11 +0000 https://obotafumeiro.com/slick-cash-loan-offers-instant-loans-guaranteed-approval-online-across-the-united-states/

Slick Cash Loan makes it easy for anyone to get a loan with instant loans online with guaranteed approval.

Slick Cash Loan, the leading online loan service renowned for its fast and reliable loan services, now offers online instant loans with guaranteed approval across the United States. Those short on cash can contact Slick Cash Loan for an instant secured loan to meet their unexpected financial obligations.

“Our goal is to provide you with the fast financial assistance that our customers need with guaranteed approval,” says the Slick Cash Loan spokesperson. “Many people prefer our company’s fast services to get an instant cash loan. You can apply for a loan without restrictions, compared to traditional lending activities. »

Those trying to get an instant loan through traditional lenders will have to go through several steps and processes. They must also submit many types of documents. They also take into account the credit rating of borrowers, who more often than not fail to meet qualifying numbers.

With Slick Cash Loan, the applicant’s credit rating is not a factor in getting approved, as it follows a no credit check rule. They define quick and easy money.

Slick Cash Loan is committed to providing the fast financial assistance borrowers need with guaranteed approval. Many people have benefited from their super fast services as they get instant cash loan without any hassle.

According to the Slick Cash Loan spokesperson, many of those who sign up for this type of loan do not have a credit card. They need a loan with guaranteed approval for the money they borrow.

People are also looking for instant loans without a steady source of income or those who have rented out their homes, earn less than the national average income or are separated and divorced. These people are forced to borrow when they need emergency funds. They refund the original amount plus all applicable fees and interest.

Instant Slick Cash Loans must be paid on time and on time. Instant loans are usually offered for two weeks. Non-payment results in heavy fines, charges and penalties.

Slick Cash Loan has an extensive network of partner lenders across the country. Borrowers can quickly find a lender near them and get the money they need without delay. Slick Cash Loan instant payday loans online come with guaranteed approval. This means that all applications are guaranteed to be approved and borrowers will receive the money in no time.

About Slick Cash Loan:

Slick Cash Loan is the best resource for finding the right solution for fast and reliable loans. Lending experts can help borrowers find the best lenders and ensure quick and easy access to money when needed. Slick Cash Loan has an extensive network of partners across the United States. The company stands out for its ease of approval and rapid financing of loans of all types.

Media Contact
Company Name: Smooth cash loan
Contact person: Marc Snow
E-mail: Send an email
Call: (888) 200-7445
Address:1125 E Broadway #545
City: Glendale
State: California
Country: United States
Website: https://slickcashloan.com/

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Despite RBI Restrictions, Loan Apps Continue Their Dirty Instant Loan Games – Full Report! https://obotafumeiro.com/despite-rbi-restrictions-loan-apps-continue-their-dirty-instant-loan-games-full-report/ Thu, 17 Mar 2022 14:00:45 +0000 https://obotafumeiro.com/despite-rbi-restrictions-loan-apps-continue-their-dirty-instant-loan-games-full-report/

The Reserve Bank of India (RBI) had issued rules against extortion from fake lending app companies in June 2020. Later, a task force was also formed on the same subject whose draft report has been received but the final rule has not yet come. Despite this, the instant loan dirty game continues. The number increases considerably. Zee media report.

How do these fake apps give instant loan?
To grant a loan, these applications ask for a copy of the 3 month bank statement, a photocopy of the aadhar card and a PAN card of the client. After receiving the documents, they issue a loan within minutes. Sometimes loans are granted even when these documents are not available. Most of the time, these apps have no connection with any bank or NBFC.

How does this week’s salvage company trick customers?
In fact, these companies appeal to customers for their good track record. And sometimes promise to grant a loan up to Rs 50,000 on the application within a minute without any proof of income. As soon as the customer downloads their mobile app, these people have access to all of that customer’s personal information, contact details, and photo galleries.

Why do people fall into their trap?
A person struggling with the lack of money does not read all the articles or ignores it even after understanding it. And that’s where the extortion game begins.

Instant loan application fees
Instant loan companies charge an annual interest of 36% to 50% and also impose heavy penalties daily for not repaying the loan on time. Sometimes it goes up to 50% of the loan amount. These companies also charge a 20-25% processing fee and also levy 18% GST. For example, if someone has taken a loan of 12,000 rupees, he will receive 10,000 rupees in hand.

What happens in case of delay in the repayment of the loan?
If there is a late payment, it is not known when the amount doubled by adding the penalty and interest. Delays in loan repayment lead to an endless cycle of intimidation and exploration. This includes defamation on social media and sending obscene messages to people on the contact list.

The Reserve Bank has warned people against such cases of increasing exploitation. Customers should never give a copy of a KYC document to a foreign agent or application that is not associated with NBFC or a bank to provide loans.

For more details, watch the full video here:

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Arya.ag launches instant loans for farmers with no cumulative interest https://obotafumeiro.com/arya-ag-launches-instant-loans-for-farmers-with-no-cumulative-interest/ Wed, 16 Mar 2022 11:15:25 +0000 https://obotafumeiro.com/arya-ag-launches-instant-loans-for-farmers-with-no-cumulative-interest/



Arya.ag has announced the launch of instant loans for farmers against their stored agricultural produce.








Agricultural loans against stored products





Arya.ag, an integrated grain trading platform, announced the launch of instant agricultural loans for farmers. Farmers can use Arya’s digital platform to get a quick loan on their produce stored in Arya’s warehouses.












Arya’s integrated platform uses AI, ML and IoT technologies to turn every bag of agricultural products kept in its warehouse into an electronic scale. Arya.ag’s automated decision engine provides funding against this electronic balance with just a few clicks, helping farmers avoid post-harvest distress sales.

Arya said in a statement that she plans to shell out 1,000 crores through her Insta-Loan product in FY23.

With quick access to finance, smallholder farmers and other value chain actors can meet all liquidity needs. Farmers will thus be able to maximize the value of their agricultural products.

According to a previous RBI survey, only around 40% of Indian farmers were covered by formal loans. Arya.ag’s Insta loan will solve the critical problem of Indian farmers, namely the lack of adequate access to finance.












“The opportunity for agri-tech companies to stimulate the agricultural chain ecosystem in India is huge,” said Chattanathan Devarajan, co-founder of Arya.ag. Our goal at Arya.ag is to empower farmers nationwide by increasing the value of their agricultural products. This is made possible through our end-to-end integrated full-stack solution, which includes digitally connected warehouses, integrated finance and trade solutions, all delivered through our technology-driven digital platform. Our newest offering, Insta Loan, aims to provide farmers with full instant access to loans. »

Simple and Practice loan From Agri.ag:

  • Simple documentation: All that is required for a loan up to 50 lacs is Aadhaar authentication and a PAN.

  • Quick disbursement: get your loan within 24 hours.












  • They care: their customer service is just a phone call away from solving your problems.

  • There is no cumulative interest: no compounding, pay for exact days

For any request, you can contact them at:

info@arya.ag

+91 90152 60260







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